I feel so bad for the drivers and employees that lost their job because the
SOB Doug Pielsticker got greedy. It happens time after time. Kids take over
the business and down the drain it goes in short order.
I wonder why someone in the office did not say something to authorities
when they saw what was happening. This closing of the doors did not happen
over night. It was a long time coming. If they would step up to the plate
and tell the truth about what was going on I bet that Doug Pielsticker
gets what is coming to him. His wife is just a much to blame as he is. She
is no dummy.
As a matter of fact all of the officers of the company knew what was going
on.
Arrow Trucking may owe between $2.25 million and $5 million in unpaid civil damages and medical claims the company let pile up while it was in business, according to reports by the Tulsa World .
Through talking with former claims workers for the company and former employees, the publication found that Arrow had been denying claims without cause and letting unpaid claims sit, while injured workers received no treatment.
Since ceasing operations Dec. 21 with no prior warning, Arrow has been hit by financial and legal troubles, including two class action lawsuits filed by employees who seek damages, and three lawsuits filed against CEO Doug Pielsticker by banks. Arrow was also sued by its main creditor, Utah-based Transportation Alliance Bank, alleging fraud and racketeering.
In early January, the carrier also filed for Chapter 7 bankruptcy liquidation.
"It did not surprise me that they went belly up," Attorney Scott Ash told the World. Ash represents several former Arrow workers.
"Toward the end, they were not doing much of anything. One of my clients' checks bounced, and they were really not authorizing surgeries or taking action on claims."
Joseph Mowry, former executive vice president of Arrow, told the World Arrow was self-insured and processed workers compensation claims itself. The company also handled claims for liability and cargo damage filings in-house.
Mowry told the publication that the carrier would pay out claims when the Finance Department had the cash flow available. This usually included the most urgent claims.
www.TruckingInfo.com
Comments - Tell us what you think below
Gordon
06 Feb 2010, 16:15
06 Feb 2010, 16:15
