Word: mbta
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...evident that Mr. Cohen's business ventures are in fiscal ruin and that he may convert assets of the MBTA to have them survive," the lawsuit states...
Documents in Cohen's divorce suit also say he is pursuing Chapter 11 bankruptcy protection according to the MBTA suit...
...addition, his wife, Beverly S. Cohen, has filed for divorce. The MBTA's suit cites a motion form the divorce case in which Cohen argues "the corporate and business entities he owns which his wife sought to value were deeply in debt and had no positive net worth...
...Chronicle also reported that Cohen owes the MBTA an additional $1.2 million for leasing concession space that he rents to individual concessionaires in the Alewife T station and in Orange Line T stations from Forest Hills to Back...
...light of Cohen's financial state, the MBTA has sought to freeze his assets in an effort to recoup its losses...