6th Ave, GE Reach Settlement
Just three weeks after 6th Avenue Electronics was sued by GE Capital, the two sides have reached a settlement, the Newark Star Ledger reported Friday.
Terms of the settlement were not disclosed.
GE filed the suit on March 15, claiming that 6th Avenue was in default on a $9.6 million loan from 2007. 6th Avenue was recently closed locations in Pennsylvania, Delaware and southern New Jersey.