ORDER
Miami Foundry encountered severe financial difficulties throughout the latter part of the 1970's, culminating in a decision by President Robert Tormey to sell 59% of Miami's stock to the A. C. Williams Co. in early March 1978. Approximately one week before the stock sale, Tormey terminated all of Miami's employees, shut down the foundry, and closed its doors. Under the new arrangement, Miami had new management and rented its facilities to Ravenna Industries...
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