According to a report from Rebusiness Online, Briggs & Stratton recently signed a 566,706 square foot lease at Silver City Industrial Camp in Syracuse, N.Y.
According to a report from the Milwaukee Business Journal, Briggs & Stratton has agreed to pay $33.65 million to The Toro Company to settle a patent-infringement case from May 2010.
Steve Andrews assumed the position of Briggs & Stratton's President and CEO just over a month ago after most recently serving as CEO of International Equipment Solutions LLC. While still new to the role, he reflects on early observations and reinforces a strong, promising future for Briggs & Stratton.
Todd Teske, the former chairman and CEO of Briggs & Stratton, has filed an $11.6 million claim in the bankruptcy case seeking his share of payments that are likely to be in the range of 7-8 cents on the dollar
Was the Briggs board a mutual protection society for its top executives and, frankly, its members? Or did the board, through no fault of its own, encounter impossible obstacles and have no choice but bankruptcy?
According to a report from the Milwaukee Business Journal, KPS Partners have replaced Todd Teske with Steve Andrews, who "led KPS Capital Partners’ portfolio company International Equipment Solutions LLC."
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