RYE, New York, October 4, 2002 – Morgan Group Holding Co. (OTC:MGHL) announced today that The Morgan Group, Inc. (AMEX: MG) issued a press release today reporting that The Morgan Group, Inc.’s Board of Directors passed a resolution for The Morgan Group, Inc. and two of its operating subsidiaries to file for bankruptcy protection within the next few days.
The press release stated that The Morgan Group, Inc. and two of its wholly-owned operating subsidiaries, Morgan Drive Away, Inc. and TDI, Inc., intend to pursue a Chapter 11 liquidation of all assets and liabilities.
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Morgan Group Holding Co. Announces The Suspension Of Transportation Operations At The Morgan Group, Inc.
RYE, New York, October 3, 2002 – Morgan Group Holding Co. (OTC:MGHL) announced that The Morgan Group, Inc. (AMEX:MG) issued a press release today announcing the suspension of operations for its two transportation operating subsidiaries.
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