Nov 12, 2014 4:52 PM
Fred Fuller files for bankruptcy, attorney blames lawsuit
HUDSON - Fred Fuller Oil filed for bankruptcy Monday and the company's attorney said the biggest reason is a $4.7 million lawsuit filed by it's biggest supplier, Sprague Energy.
Fuller made headlines last January during a severe storm when hundreds of pre-buy customers filed complaints with the state about late or non-existent deliveries.
The lawsuit by Sprague Energy said Fuller owes $4.7 million for unpaid bills.
The company's attorney said the lawsuit is the biggest reason for the Chapter 11 Bankruptcy filing.
"(It) would have left consumers and customers without service without fuel and without much hope of being taken care of by the company going forward," said Attorney William Gagnon.
The Attorney Generals office said the bankruptcy and possibility of a new owner, could benefit customers.
"If it results of a purchase of some of the Fred Fuller company to a qualified buyer who can assume that customer base that could be a good thing. It's just too early to tell so we just have to watch the process as it goes forward," said Senior Assistant Attorney General James Boffetti.
Gov. Hassan said her office is also keeping an eye on the case.
"We're going to everything we can within the bounds of the role of the attorney general's office and our office to support any action we need to to make sure poeple can keep their homes heated this winter," she said.
The attorney general's office said there are no delivery issues but recommend if any customers have problems, they should contact their office.