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Former Oilers Owner Pocklington’s Business Troubles
by Alanah McGinley on 10/28/07 at 11:33 PM ET
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From Brent Jang at the Globe & Mail (Report on Business),
Former Edmonton Oilers owner Peter Pocklington, who turned his hand to U.S. golf ventures after his Canadian business empire crumbled, is liquidating the company he once hoped to turn into a leading supplier of high-end clubs.
Mr. Pocklington, chairman and co-owner of GolfGear International Inc., made the voluntary filing in bankruptcy court earlier this month in Nevada, where the company is incorporated. As a result of the filing, a lawsuit against Mr. Pocklington and other defendants has been temporarily placed on hold in the Superior Court of California, Orange County.
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