Formerly based in Yellow Springs, Antioch, parent company of Creative Memories, sought Chapter 11 bankruptcy protection in late 2008. In February 2009, the company — which moved from Yellow Springs to St. Cloud, Minn. in the fall of 2008 — said it emerged from bankruptcy.
Creative Memories is a scrapbooking supplies producer. It’s unclear how many employees the company may still have in Yellow Springs.
The suit — filed Wednesday, Dec. 23 — names as defendants Lee Morgan and Asha Morgan Moran , former chief executives of the company, and some 28 others.
The suit alleges that defendants “caused and profited” from what the suit says was the company’s “decline.”
No operator was available at the Antioch Co.’s Yellow Springs office Thursday. A message was left for a spokeswoman for Creative Memories in St. Cloud. A message was also left for Lee Morgan in Yellow Springs.
Heidi Everett, 40, is a former employee of the Antioch Co. who worked as a communications manager there from 1996 until she was laid off in December 2005. She said Thursday she lost about $150,000 in retirement money in the bankruptcy.
“There has been no attempt to make us whole and in fact, the deeper we get into this case, the more upset we get,” she said of the 55-member trust.
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