July 25, 2012 |
Peter Nero has prevailed. His lawyers successfully beat back a move to oust the Grammy Award-winning pianist and conductor as head of the Philly Pops. Nero, 78, who had two years to go on his current contract, will stay on the podium through the end of the 2012-13 season. After that, presenter Encore Series Inc., which sought to reject his contract, will buy out his last season, 2013-14, as it tries to shift to new leadership after what will be Nero's 3½-decade reign. The new contract between the conductor and ESI was reached in negotiations as the case was headed to a hearing in U.S. Bankruptcy Court last week.
June 20, 2012 |
You can't fire me - I am the Philly Pops. That's the legal ballast of Peter Nero's response Monday in U.S. Bankruptcy Court to a proposed rejection of his contract. After negotiations failed to reach an agreement on a revamped deal for Nero, Encore Series Inc. (ESI), which operates the Pops, filed a motion June 11 to oust the group's founding musical leader. Nero, 78, is defending his position with a battery of lawyers, pointing out that he owns the name rights to the group founded in 1979 by impresario Moe Septee.
August 4, 2012 |
Peter Nero will lead the Philly Pops next season in Verizon Hall and then, at the end of 2012-13, pass the baton to a successor after 3½ decades of Gershwin, film music, Broadway, and a smattering of core classics. He also, at that point, turns over his rights to the name of the ensemble - though he will continue to conduct its Independence Day concert for as long and he and the city desire. But if Encore Series Inc. (ESI), the Pops' presenter, misses any of the stipulated severance payments to Nero, the pianist and conductor automatically gains back rights to the name Philly Pops and can retake control of the enterprise.
June 28, 2012 |
Saying it does not believe the Philly Pops can last without Peter Nero and an orderly passing of the baton to a successor, the local American Federation of Musicians is calling in a federal mediator in the dispute over Nero's contract. The move to oust the 78-year-old Nero by Encore Series Inc. (ESI) "causes the union to have grave doubts about the continued viability of ESI and the Philly Pops," wrote union lawyer Michael N. Katz in a letter to ESI's lawyer. "It is our conclusion that neither ESI nor the Philly Pops can survive, over the course of the next year let alone the next 41/2 years of our recently negotiated collective bargaining agreement, in the absence of Mr. Nero and a carefully planned and mapped-out transition to a successor music director upon his retirement.
September 6, 2012 |
A reorganization plan for the presenter of the Philly Pops was approved Wednesday, clearing the way for the group to exit bankruptcy in about two weeks. Hearing no objections, Judge Eric L. Frank applauded lawyers for arriving at a plan with minimal litigation and wished the Pops luck. "Now we have to sell some tickets," said Frank Giordano, president and CEO of Encore Series Inc., after the hearing in U.S. Bankruptcy Court. Pops presenter ESI was compelled to file for bankruptcy under Chapter 11 in April 2011 as part of the bankruptcy of the Philadelphia Orchestra Association, with which it was in the process of merging.
May 10, 2011 |
Concerts by Peter Nero and the Philly Pops will continue through the end of the season. Whether the group can continue beyond that remains in doubt. The Pops' final four-concert run of 2010-11, starting Sunday, will proceed under the terms of a stipulation filed Monday in U.S. Bankruptcy Court, Eastern Pennsylvania District, as part of the Philadelphia Orchestra Association's Chapter 11 petition. The orchestra will advance a $225,000 loan to Encore Series Inc. (ESI), operator of the Pops, to fund the concerts.
December 4, 1991 |
Envirosafe Services Inc., a King of Prussia developer of hazardous-waste disposal sites, will be acquired by a Connecticut firm that recycles hazardous wastes, according to a Securities and Exchange Commission filing yesterday. EnviroSource Inc., a Stamford, Conn., company, and Envirosafe Services will merge into a single company. To consummate the acquisition, EnviroSource will obtain 1.4 million shares of ESI stock. As part of the agreement, Envirosafe stockholders will receive five shares of EnviroSource common stock for every share of ESI stock.