Cimino Brokerage files for bankruptcy protection
Cimino Brokerage files for bankruptcy protection
Cimino Brokerage Co., a firm based in Salinas, CA, that mostly sells broccoli, green onions and other vegetables grown in Mexico, filed a Chapter 11 bankruptcy petition in a U.S. Bankruptcy Court in San Jose, CA, in late November. The petition lists Vincent Cimino as the responsible party and calls for the first creditor's meeting to be held Dec. 16, with proof of claims due three months later. The petition does not list the size of the current debt, but industry sources say it is a multi-million-dollar bankruptcy with the firm's bank, Wells Fargo, the largest creditor. No produce growers or