Mat­tress firm sues Col­liers

Chattanooga Times Free Press - - BUSINESS -

A na­tional re­tail mat­tress chain has sued an At­lanta-based com­mer­cial real es­tate bro­ker for an al­leged scheme of fraud and kick­backs.

Mat­tress Firm, a 3,500store chain, charged Col­liers In­ter­na­tional’s At­lanta of­fice, a se­nior vice pres­i­dent and two for­mer ex­ec­u­tives in the of­fice, with in­flat­ing rents paid by the com­pany stores, as well as “bribes, high-priced gifts and kick­backs from de­vel­op­ers,” ac­cord­ing to Bis­now, an In­ter­net web site de­voted to news about com­mer­cial real es­tate.

More than 800 stores were al­legedly in­volved, ac­cord­ing to Bis­now, which re­ported that the ex­ec­u­tives in­cluded in the suit are Bruce Levy and Ryan Vin­son.

Newspapers in English

Newspapers from USA

© PressReader. All rights reserved.