Fair 081913

FAIRFIELD COUNTY

BUSINESS JOURNAL YOUR ONLY SOURCE FOR REGIONAL BUSINESS NEWS | westfaironline.com

August 19, 2013 | VOL. 49, No. 33

CHALLENGE COULD ZAP ENERGY RATES

FCBJ this week DISASTER TIME Short-term investments and long-term benefits are oil and water … 12

BY JENNIFER BISSELL

A BIRDY TOLD ME Social media enters the world of investing … 15

jbissell@westfairinc.com

C

IT BEATS JAIL For two months, Connecticut will oblige those late on their taxes … 16

SPACE to

FCBUZZ Recalling the greasers and drive-ins of the 1960s in a movie that launched a dozen careers … 18

PRACTICE daY PitNEY moVES acroSS toWN PaGE 8

MEDIA PARTNER

Attorneys Amy Wilfert, left, and Lorraine Slavin on the wrap-around porch of their new Greenwich law office.

Funding gusher venture money soars; ny rules roost

BY JENNIFER BISSELL jbissell@westfairinc.com

VENTURE CAPITAL INVESTMENTS in Fairfield and New Haven counties more than doubled in the second quarter of 2013 compared with Q2 last year, according to a recent report.

Thirteen companies received a total of $31 million last quarter, according to a MoneyTree report from PricewaterhouseCoopers and the

National Venture Capital Association.

The increase in funding is a positive sign of economic growth for the counties, but eastern Connecticut is not the only region to see an increase. As a percentage of total venture capital dollars spent in the New York metro, Connecticut made up only 4 percent of all money spent. Lower Fairfield County made up only made up 1.4 percent.

“Growth in the region has been very

onnecticut customers could save as much as $40 million annually, if the Federal Energy Regulatory Commission agrees to lower the threshold on how much money investors are allowed to make with electric transmission companies.

New England officials are challenging federal regulations that allow transmission companies, such as Northeast Utilities and United Illuminating, to earn an 11.14 percent return on equity, while local utility companies regulated by the states like Connecticut are allowed a 9.2 percent ROE. “For years, New England utilities have been receiving exorbitant returns from customers for transmission lines,” Connecticut Consumer Counsel Elin Swanson Katz said in a statement. “As anyone with a bank account knows, returns of over 11 percent are out of step with current financial conditions.”

Transmission lines are wires on utility poles as opposed to smaller utilityowned wires directly connecting homes.

In Connecticut the two wires are usually owned by the same parent company.

Several New England officials, including the Connecticut attorney general and representatives from the Public Utilities Regulatory Authority, challenged the transmission ROE nearly two years ago to limit what they viewed as “excessive” profits.

Earlier this month, a federal administrative judge issued a preliminary deci-

» Funding, page 5

+

9

MARINELLO CODIFIES BEAUTY

» Energy rates, page 6

NEWS NOON @

Sign up now at westfaironline.com

Norwalk keeps head above water Cities grapple with the runoff dilemma

BY JENNIFER BISSELL jbissell@westfairinc.com

I

n light of recent beach closures and flooding, Norwalk is looking like a tall, clear glass of water.

The city invested millions of dollars in the early 1980s on its water management infrastructure and today reaps the benefits. It recently won the Silver Peak Performance Award presented by the Nation Association of Clean Water Agencies “for its outstanding compliance in the 2012 calendar year.”

Only 400 of the nation’s 14,000 treatment plants were so cited.

“Our mission is to protect the environment and do it in a sustainable way,” said Lisa Burns, managing director of the Norwalk Water Pollution Control Authority (WPCA). “We try to do the right thing.”

In Stamford, beaches close any time there is more than an inch of rain, as runoff into the Sound can include human or animal fecal matter. But in Norwalk, which recently spent $40 million on additional water quality controls, there hasn’t been a beach closure in three years where the WPCA was responsible.

“We’ve been working on improving the systems so we don’t have combined sewer overflows anymore,” Burns

said. “We’ve invested in infrastructure and have a supportive board of directors that have undertaken small rate increases to ensure we have a good capital program.”

By investing early and installing gradual rate increases, Norwalk has avoided the problems its neighbors now face, Burns said. Norwalk holds one of the least expensive rates in the region, too.

Meanwhile, Stamford just transitioned into an unpopular rate increase to maintain its treatment facility. And businesses and politicians alike in Bridgeport have blamed the city’s dated combined sewer system for massive inland flooding during Hurricane Sandy.

Acting Bridgeport WPCA General Manager William Robinson congratulated Norwalk on its latest award, but he noted Bridgeport, which is a much larger and older city, faces bigger challenges than Norwalk.

Since 1990, Bridgeport has worked to separate its sewer system, which collects and treats rainwater in the same systems as household waste. But it’s an expensive task to undertake.

Currently, Bridgeport is in the process of a $395 million project to limit its combined sewer overflows into the Long Island Sound. But its problems won’t end there when the project is complete. Any

Photo courtesy Norwalk WPCA.

time there is a major storm, Robinson said, there’s “nothing the collection systems can do” to prevent flooding.

In contrast, Burns said, flooding in Norwalk during Hurricane Sandy was limited. The WPCA didn’t receive any Norwalk-related flooding complaints.

As soon as the region started experiencing major storms in 2006, Burns said the agency began diligently putting together plans to address storm water management. It has hired consultants,

made long-term plans and purchased new equipment to address flooding. The agency owns five wastewater vacuum trucks and two TV camera trucks to inspect possibly clogged pipes. Burns said she doubts other cities in the region have the same capacity.

“We try to maximize all our resources and try to be the most efficient with everything we do,” Burns said. “The flooding would have been much worse if we wouldn’t have planned ahead.”

UConn expands energy research

BY JENNIFER BISSELL jbissell@westfairinc.com

A

Danbury company’s international connection has lead to a new University of Connecticut energy research center.

For years FuelCell Energy in Danbury has partnered with Fraunhofer to develop a German market for fuel-cell plants.

And now the German energy giant has established a new research center at UConn. The company is the largest applied research and development organization in Europe.

“I’d say it really is a feather in their hats for the folks at UConn,” said Kirk Goddard, FuelCell vice president of investor relations. “This is only their seventh research center. There are a lot of universities that would gladly partner with them and UConn was able to close the deal.”

Researchers at UConn’s now open

Fraunhofer Center for Energy Innovation plan to develop technologies related to energy storage, fuel cells, microgrids and other power management systems.

Through a complex process, fuel cells convert fuels such as natural gas and biogas into electricity, emitting only a minute amount of pollutants.

Kazem Kazerounian, UConn’s interim dean of the School of Engineering, said the school’s research center was already one of the most advanced centers in the country, especially for green and sustainable energy.

“What this partnership does is bring the technologies developed much closer to the market price,” Kazerounian said. The school hopes to generate technologies ready for commercialization, followed by spinoff companies led by researchers and school faculty.

Kazerounian said the center anticipates a roughly $1.8 million annual bud-

2 Week of August 19, 2013 • Fairfield County Business Journal

get, which can support about 10 research teams of up to five graduate students and faculty members. The center is currently located at UConn’s Depot campus and will relocate to the UConn Technology Park in Storrs when it opens.

The Connecticut Department of Energy and Environmental Protection, which has supported UConn’s Center for Clean Energy Engineering since 2006, is also a key partner for the new center.

“This is a win for everyone that touches it,” Goddard said. “The state of Connecticut has a position of leadership when it comes to clean energy engineering. There are a lot of suppliers and manufacturers here and with more research here it’s just an extension of the value chain.”

“The more familiarity there is with the technologies and production, both in and out of UConn, the better for the industry and the state,” he added.

Beyond introducing Fraunhofer and UConn representatives, Goddard said FuelCell doesn’t have an active role in the new research center, though it does have several separate partnership with UConn professors and researchers. However Goddard said FuelCell officials are excited to see what technologies and products the center will develop to advance the field.

With the announcement of the new center, Gov. Dannel P. Malloy said the new partnership between the state, UConn and Fraunhofer was an important step in finding solutions to pressing energy challenges.

“With the resources, talent, and expertise of UConn and Fraunhofer, we expect to see technological breakthroughs,” Malloy said in a statement. “(They) will help deliver a cheaper, cleaner, and more reliable energy future for Connecticut, the nation, and the world.”

Startups lead job growth

older Companies sustained their reCession Job losses jbissell@westfairinc.com

C

ontrary to popular belief, small businesses aren’t the ones creating the most jobs in Connecticut — startups are.

Even at the height of the recession in 2009 — when companies in lower Fairfield County saw 88,000 jobs vanish — startups were the only source of growth in the labor force, adding 8,000 new jobs, according to the U.S. Census.

“What really creates jobs are the new firms, regardless of size,” said Daniel W. Kennedy, a senior economist at the Connecticut Department of Labor. “It could be a spinoff from an older company or someone going into business for themselves. But it’s the new firms that create jobs, rather than mature firms.”

Every month the Labor Department releases how many net jobs were created, but the U.S. Census just recently released its 2011 Business Dynamics Statistics to give a more complete picture of how many jobs were created and destroyed by firm age and size.

In Bridgeport, Norwalk and Stamford, the job creation rate surpassed the destruction rate in 2011, which falsely promised a strong recovery right out of the gate.

Job cuts at older and larger firms were being sustained, while the largest gains in employment came from startups that year. Roughly 4,000 of the 6,800 net jobs created in lower Fairfield County came from startups with only one to nine employees.

As more recent data sets show, however, the recovery after 2011 was slower than expected. The state’s net job creation rate hardly improved in 2012, adding only 17,000 jobs. Yet a preliminary analysis of the first half of 2013 looks much stronger, Kennedy said, though he hasn’t finished reckoning the data.

“We’re much stronger than we were last year over the same time period,” Kennedy said. “What we seem to have is a recovery with fits and starts.”

Fairfield County also appears to be leading the state’s growth this year, he added.

During a recession, startup rates usu-

Stay or go even If you have tIme left on your lease...

Net job crea-on rate 6 4 2 0 Rate

BY JENNIFER BISSELL

-­‐2

2008

2009

2010

2011

Fairfield County State

-­‐4 -­‐6 -­‐8 -­‐10

Year

ally increase as people find themselves out of work, said Joseph McGee, public policy vice president at the Business Council of Fairfield County. But new firms took a harder hit immediately after the financial collapse, as access to capital was shut off, McGee said; if financing had been easier to attain, the unemployment numbers might have looked better.

Taking a hint from New York City, where both startup and job recovery rates are higher, Fairfield County has

Data from U.S. Census

started to emphasize the role of startups as a part of its economic strategy, McGee said. Since 2011, innovation centers have opened in both Stamford and Danbury, and at Fairfield University.

“You really want to build into your economy more entrepreneurial risk taking,” McGee said, mentioning efforts to aid technology based ventures and business collaborations with universities.

“That’s what we’re after — a place where ideas turn into companies.”

you don’t have to move to get a better lease

RakowGroup Tenant Representatives can help you get a better lease with more of the terms and conditions you want... at no cost to you.

call today (203) 359-5703 x10 RakowGroup.com 6 Landmark Square • Stamford, CT 06901

2007

RAKOW FAIRFIELD COUNTY BUSINESS JOURNAL • Week of August 19, 2013

3

PERSPECTIVES

M

FAIRFIELD COUNTY

BUSINESS JOURNAL • • • • •

TERROR AND INSURANCE

ost business monetary losses in the Boston Marathon bombing that killed three and injured more than 250 were not the result of the bombing, but of the ensuing taped-off investigation and no-go crime scene.

In Connecticut, home to giant insurers and to insurers of the insurers — the reinsurers — these issues lose all abstractness. A recent report from the Insurance Information Institute (III) titled “Terrorism Risk: A Constant Threat — Impacts for Property/Casualty Insurers” is of obvious importance to Connecticut’s economy.

Various factors suggest that terrorism risk will be a constant, evolving and potentially expanding threat for the foreseeable future, according to the III’s Robert Hartwig and Claire

Wilkinson. They cite the Dec. 31, 2014, expiration of the government-backed Terrorism Risk Insurance Program

small- to medium-sized businesses paid about $49 per $1 million of insured value in 2012 for terror insurance.

Reauthorization Act (TRIPRA) as prompting increased dialogue between industry and government about terrorism risk.

SPEAKING OF … IMMIGRATION “this is the sheriff you’re talking about, with a gun and badge that enforces the law. nothing is going to stop me from cracking down on illegal immigration as long as the laws are there.”

— Joe Arpaio, Maricopa County, Ariz., sheriff

“i am a beneficiary of the american people’s generosity, and i hope we can have comprehensive immigration legislation that allows this country to continue to be enriched by those who were not born here.”

The free market recognizes the need for a public/private partnership in this instance because reinsurers who initially bore the brunt of the 9/11 compensations would otherwise opt out of the market.

The III cites an analysis by Marsh & McLennan New England, a division of the New York City-based risk management and insurance company Marsh & McClennan, which said small to medium-sized businesses paid about $49 per $1 million of insured value in 2012 for terror insurance.

For small businesses, such coverage ranges from a few hundred dollars a year to several thousand, which could be too high as they budget for other expenses, the III reports. The Boston Globe said the Lenox Hotel near the bombing had terror insurance, but most of the nearby shops did not. A federal designation of “terror” should help those uninsured businesses recoup money via a 9/11-like fund.

While the loss of Osama bin Laden and other key al-Qaida figures put the network on a path of decline that is difficult to reverse, the U.S. State Department warned that al-Qaida, its affiliates and adherents remained adaptable and resilient, and constitute “an enduring and serious threat to our national security.”

So says the III.

Main office telephone . . . . . . . (914) 694-3600 Newsroom fax . . . . . . . . . . . . . (914) 694-3680 Sales fax. . . . . . . . . . . . . . . . . . . (914) 694-3699 Research fax . . . . . . . . . . . . . . . (914) 694-3682 Editorial e-mail pgallagher@westfairinc.com

Or write to: Fairfield County Business Journal 3 Gannett Drive, Suite G7 White Plains, N.Y. 10604-3407 www.westfaironline.com Publisher • Dee DelBello Managing Editor • Bob Rozycki Editor • Bill Fallon Administrative Manager • Alissa Frey

News

Digital Editor • Mark Lungariello Reporters • Jennifer Bissell • Crystal Kang • John Golden • Georgette Gouveia • Andrea Kennedy • Mary Shustack

Advertising Sales

Manager • Anne Jordan Metro Sales Director • Barbara Hanlon Account Managers • Marcia Pflug • Missy Rose • Corinne Stanton • Patrice Sullivan Programs and Projects Coordinator • Beverly Visosky

Production

Senior Art Director • Caitlin Nurge Harrison Art Director • Dan Viteri

Audience Development and Circulation Circulation Representative • Marcia Rudy Research Reporter • Elizabeth Beneke Events Manager • Holly DeBartolo

Administration

Circulation and Office Manager • Sylvia Sikoutris Contracted CFO Services: Adornetto & Company L.L.C. Human Resources & Payroll Services: APS PAYROLL

Fairfield County Business Journal (USPS# 5830) is published Weekly, 52 times a year by Westfair Communications, Inc., 3 Gannett Drive, White Plains, NY 10604. Periodicals Postage rates paid at White Plains, NY 10610 and additional offices.

POSTMASTER: Send address changes to: Fairfield County Business Journal: Westfair Communications, Inc., 3 Gannett Drive, White Plains, NY 10604.

More than 40 percent of the Business Journal is printed on recycled newsprint. © 2013 Westfair Communications Inc. All rights reserved.

Reproduction in whole or in part without written permission is prohibited

— Madeleine Albright, former U.S. secretary of state

HAVE YOUR SAY We want to hear from you! Have an opinion column, letter to the editor or story idea? Send it to us!

Please include your name, home or business address, email and phone number. We reserve the right to edit all submissions and publish them in print or online.

EMAIL SUBMISSIONS TO PGALLAGHER@WESTFAIRINC.COM

4 Week of August 19, 2013 • FairField County Business Journal

Funding — » » From page 1

positive,” said David Silverman, a PwC managing partner for the New York Metro Emerging Company Practice. “But it’s largely driven by New York City in Manhattan, south of 50th Street. That’s where the venture capital dollars are flowing into and more than in prior years.”

“The economic environment from 2008 to now has created a lot of people wanting to create their own companies as a result of the economic crisis and coming out of it.”

NEWS NOON

investments went to Local Yokel Media, On Demand Real Time and Thetis Pharmaceuticals.

Local Yokel Media, based in Stamford, received a roughly $2.15 million, earlystage investment to further develop its online platform that delivers ads based on zip code and user demographics.

On Demand Real Time, also based in Stamford, received about $1.75 million.

The company plans to build up its software, which records video sports clips in real time based on specific commands.

And Thetis Pharmaceuticals received about $1.1 million to develop a fish-oil based drug to treat diabetes and dyslipidemia (too many lipids in the blood).

Owners of the Southport company were previously displaced Pfizer employees after a recent downsize.

“We’re seeing a lot of activity,” Longo said. “It’s a lot different than it used to be.”

@

Sign up now at westfaironline.com

— Peter Longo

The amount spent in Connecticut has steadily risen since 2008, but at best the region only seems to be keeping pace with New York levels.

Since 2009, Fairfield and New Haven counties have slowly seen their slice of the capital pie decrease from 8 percent to 5 percent in 2012. The two counties are considered a part of the New York metro region, whereas the rest of the state is included in New England data sets. Thomson Reuters compiles the data for the PwC report.

Peter Longo, chief investment officer of Connecticut Innovations, said he’s seen a big increase in startup activity if Fairfield County, especially compared with four years ago.

Since Gov. Dannel P. Malloy in his 2011 jobs bill gave CI an infusion of funding, the organization has more than doubled its investment levels. In the last two years CI officials have invested about $25 million each year, compared with $12 million to $15 million in previous years.

“There’s been a lot more attention to startups,” Longo said. “The economic environment from 2008 to now has created a lot of people wanting to create their own companies as a result of the economic crisis and coming out of it.”

CI, established by the Connecticut legislature in 1989, is a quasi-public financing organization aimed at helping companies start and grow in the state. By a large margin it is the largest investor in the state.

Last quarter three of the largest CI

Will UBecome influential?

Adapt and thrive in the shifting world economy with a Master’s degree in East Asian and Pacific Rim Studies.

In our two-year program you’ll learn the skills essential to navigating the East Asian and Pacific Rim marketplace. Students gain a rich understanding of the culture, protocol and development of the region.

Integral to your studies is learning an Asian language — a process demystified by our step-by-step curriculum. And the highlight of the program is an immersive overseas internship that allows you to enhance your language skills and gain practical experience in this increasingly important region.

The Master of Arts in East Asian and Pacific Rim Studies Specialized Concentrations Offered • Global Management • Global Communication

• Negotiation and Diplomacy • International Political Economy and Development

To learn more, visit www.bridgeport.edu or call 1.800.EXCEL.UB.

B

R

I

D

G

E

P

O

R

T

•

S

T

A

M

F

O

R

D

•

W

A

T

E

R

B

U

R

Y

FAIRFIELD COUNTY BUSINESS JOURNAL • Week of August 19, 2013

5

Ener�y rates — » From page 1

sion that said a reasonable earnings rate would be 9.7 percent. However an official ruling from the Federal Energy Regulatory Commission isn’t expected until 2014.

Connecticut has among the highest energy costs in the nation but was the only state in New England to see rates actually decrease in the first few months of 2013, according to the U.S. Energy Information Administration.

The average Connecticut customer pays 15.64 cents per kilowatt hour while the national average is 9.70 cents. State officials from the Gov. Dannel P. Malloy administration have taken credit for price cuts, as the administration pushes for cheaper renewable energy development.

If the regulatory commission does not reduce the ROE for transmission companies, households could expect to see modest savings of about $12 a

year, while businesses with high energy costs could expect to see much higher savings.

“We want rates to be just and reasonable,” Robert Luysterborghs, PURA principal attorney, said. “It’s real money

NU’s transmission segment earned $76.8 million in the second quarter of 2013, representing 45 percent of the company’s total earnings. Earnings in the segment have increased about 21 percent year-over year, primarily due to

“new england utilities have been receiving exorbitant returns from customers.”

— Elin Swanson Katz

if you’re a business and electricity is one of your biggest costs. They’ll see a difference in their monthly bills.”

However Northeast Utilities officials say the company’s profit margins are aligned with what is both appropriate and necessary to attract investors.

continued investments and additional earnings related to the NSTAR Electric merger.

“We continue to believe that our return on equity is reasonable and encourages investment in the region’s transmission infrastructure,” said

Frank Poirot, a NU spokesman, mentioning two projects that have saved customers more than $1 billion. “We have made significant investments in the region’s transmission system on behalf of our customers and are proud of our record.”

Poirot said it was too speculative to comment on whether a lower ROE would mean the company would have less capital for future investments or if it would mean a rate increase.

“We have to compete for investors,” Poirot said. “We can’t do that without a competitive rate, which we think we have now. It diminishes our market power for funds.”

Steven Cadwallader, PURA chief of utility regulation, agreed the rate was at one time appropriate for the market, but said things have changed. The rate is too high now, especially since it’s not a risky investment in an unregulated market, Cadwallader said.

“Investors’ requirements change overtime,” he said. “They’ll still be able to attract investors at a lower return.”

NEWS IN BRIEF

XEROX LOOKS NORTH TO EXPAND

Xerox recently completed its acquisition of CPAS Systems Inc., a Toronto-based company that provides pension administration software to the private and public sectors.

CPAS software simplifies administration and record keeping for definedbenefit, defined-contribution and hybridretirement savings plans as well as health, welfare and group life insurance premiums.

CPAS originally developed its software to support the Canadian national pension system, which includes pension and tax work for 10 provinces and the Canadian government. The company’s international client base includes financial services companies; local, state and national governments; individual and multi-employer plan sponsors; and third-party administrators that manage pensions in multiple languages, jurisdictions and currencies.

CPAS’s so-called “open-architecture platform” features mobile and webenabled technology. The platform manages pensions for more than 2 million people in the U.S., Canada, Europe, Asia, Africa and the Caribbean.

Xerox will offer CPAS both as a standalone software solution and as part of its human resources outsourcing services, “with a special emphasis on the emerging

market for government pension administration outsourcing.”

NORTHROP GRUMMAN CONTINUES PARING JOBS

The number of employees at Northrop Grumman Corp.’s manufacturing facility in Norwalk will be down to less than 100 employees by October.

Just over a year ago the defense manufacturer announced it would close its Norwalk facility by the end of 2014, due to low utilization levels. At the time of the announcement 315 employees worked at the facility. Today about 200 employees are left, but have been notified of another round of layoffs Sept. 30.

To date layoff rounds have been gradual but are expected to become more frequent, said Jack Martin, a Northrop Grumman spokesman.

Martin said the decision to close the facility was based off an extensive analysis of the company’s plant capacity and utilization rates across the nation. At the time of the study the Norwalk plant was operating at about 50 percent capacity, which Martin said was economically unsustainable. The remaining work from the facility will be redirected to plants in Baltimore and Rolling Meadows, Ill. The company is headquartered in Virginia.

6 Week of August 19, 2013 • FairField County Business Journal

LESS STORMY HURRICANE SEASON FORESEEN

The National Oceanic and Atmospheric Administration’s Climate Prediction Center recently downgraded the Atlantic hurricane season from well above average to merely above average.

The news could mean less damage to homes and businesses in the eastern third of the U.S. For Connecticut, it could mean black ink. The state remains a bulwark of the insurance and reinsurance industries and is home to familiar national names that include The Hartford Financial Services Group and The Travelers Cos. Variable winds and a budding La Niña were cited in predicting calmer waters.

There are typically a dozen named storms in the Atlantic hurricane season; now that number is anticipated to be between 13 and 18, with six becoming fullblown hurricanes. Government forecasters in May predicted as many as 22 named storms and 11 hurricanes.

The Insurance Information Institute, a New York City-based property-casualty research entity, estimated Hurricane Sandy cost insurers $18.8 billion last fall.

The peak of hurricane season starts in mid-August. The season officially ends Nov. 30.

SAC SHUTTERS A UNIT

Steven A. Cohen’s SAC Capital Advisors shut down Parameter Capital Management, one of its in-shop hedge funds, last week.

One of the fund’s managers, Anil Stevens, is leaving SAC to start his own fund, Reuters reported, taking eight of nine people who worked in the unit with him. Stevens, according to the report, had been planning to start his own firm.

Unnamed sources cited in multiple reports said the decision to close Parameter was planned before federal prosecutors last month charged SAC in a five-count indictment alleging a company culture that flouted trading rules.

Parameter is mentioned in regulatory filings as one of nine affiliated entities that manage money for SAC Capital, which Cohen launched 21 years ago with $25 million. It is valued now at $14 billion.

The New York Times cited “a person close to SAC” who said Parameter set the shutdown in motion a year before prosecutors and the F.B.I. announced the hedge fund’s indictment in July. SAC decided to close the unit, the person told the Times, because Stevens was planning to start his own fund and take eight of the unit’s nine employees with him.

Stamford-based SAC employs about 1,000.

— Bill Fallon and Jennifer Bissell

BY ERIC MEERMaNN

A

Avoiding 401(k) traps for employers

well-executed 401(k) plan can be a valuable tool for recruiting and retaining talented employees. But small business owners should also understand their legal obligations if they decide to offer 401(k)s.

The Employee Retirement Income Security Act (ERISA) requires employers to meet certain requirements as 401(k) plan providers. Ignoring or neglecting the rules can lead to a plan being disqualified — as well as fines and unhappy employees.

What are some of the most common areas that employers run into trouble?

Fees — The law requires plan fees to be “reasonable.” Though there is no specified level for reasonable fees, it makes sense to compare estimates from different providers when selecting a plan and to track fee levels over time. Compare the level of service provided with the cost.

Small employers are often stuck with higher fees because they don’t have the leverage to negotiate effectively, but that doesn’t mean you can’t shop around for a better deal. Additionally, the plan document must be clear about who pays the fees (the plan, the employer or both).

Fund offerings — Plan sponsors have

a responsibility to ensure the plan offers an appropriately diverse menu of funds, and that the plan’s default option is a reasonable choice for the average participant. The default percentage withdrawn from paychecks should neither be too large nor unrealistically small.

Eligible Employees — All eligible employees must be notified of certain benefits, rights and features. You cannot exclude employees from the plan without cause. Typically, only employees under 21 or who have worked for the company less than a year may be excluded. (Some other exclusions are permitted, but take care they are legal.)

If your plan does not include automatic enrollment, make sure that employee notifications are documented.

Participant Information — All participants must receive a summary plan description, which details how the 401(k) plan operates. If the plan allows participants to direct their own investments, the plan sponsor or the sponsor’s agent must also provide fee and expense information about investments in the plan.

Highly Compensated Employees — Employees making more than $115,000

per year, as well as the business owner and his or her immediately family, must be compared as a group to all other employees. The highly compensated employees (HCEs) cannot defer an average of more than 2 percent over what the non-HCE group defers. Additionally, the owners and his or her immediate family, plus any corporate officers earning more than $165,000, must collectively hold less than 60 percent of the plan’s total value.

Matching Contributions — Annually, employers cannot contribute more than the lesser of 100 percent of an employee’s compensation or a set maximum amount for combined employee and employer contributions ($51,000 in 2013).

Vesting — While employee contributions are automatically 100 percent vested, you can choose whether employer contributions vest over time, according to a vesting schedule. If you do so, make sure the vesting schedule is explicit and clear to participants. (However, in a safe harbor 401(k) plan, employer contributions must vest completely and immediately.)

Prompt Deposits — For plans with fewer than 100 participants, contributions withdrawn from a participant’s salary must be deposited with the plan no later than the seventh business day following withholding. The plan must designate a fiduciary (typically the trustee) to ensure withholdings and employer matching contributions, if any, are successfully transmitted.

Documentation — Plan administra-

tors must show that they acted prudently and solely in the interest of the plan participants and beneficiaries. The best way to do this is to document the decisionmaking process at the time any decision is made. In addition, documenting actions properly can help prove that you or your agent acted in accordance with the 401(k)’s plan. The plan is required to file an annual return with the federal government.

Insurance — Generally, anyone handling plan funds or property will need to be covered by a fidelity bond. This protects the 401(k) plan against fraud or dishonesty from a particular individual.

Loans — If plan participants take loans from their 401(k) accounts, you must be sure that loan payments start on time and continue until the loan in fully paid. Otherwise, the participant is stuck with a tax liability.

It may make sense to hire an independent fiduciary that can provide some oversight for a 401(k) plan. The fiduciary duty ultimately lies with the plan sponsor, so carefully vetting such a service provider is essential.

Make sure you understand a potential service provider’s fee structure, business practices, and possible conflicts of interest.

Eric Meermann is a client service manager and portfolio manager with Palisades Hudson Financial Group in Scarsdale, N.Y., which provides investment management for 401(k) plans as well as individuals. He can be reached at eric@palisadeshudson.com.

We’ve Been Helping Businesses Grow for Over 80 Years Offering our clients a wide variety of service in: Public and Municipal Law • Corporate/Business Law • Commercial Real Estate Land Use • Education • Estate Planning/Probate • Labor and Employment Litigation • Affordable Housing • Urban and Economic Development

75 Broad Street Milford, CT 06460 Phone: (203) 783-1200 Fax: (203) 878-2235

For more information visit www.bmdlaw.com

Effective July 1, 2013: 1221 Post Road East Westport, CT 06880 Phone: (203) 227-9545 Fax: (203) 227-2443

FAIRFIELD COUNTY BUSINESS JOURNAL • Week of August 19, 2013

7

Greenwich Victorian is now home to lawyers Day Pitney moves into ‘most beautiful law offices’ in town

By Bill Fallon bfallon@westfairinc.com

T

he 300 attorneys in the five offices of Day Pitney L.L.P. might find themselves working as needed intra-company in Day Pitney offices in Boston, Manhattan, New Jersey, Washington, D.C., or, until recently, at 1 E. Putnam Ave. in Greenwich.

A cross-town move by the Greenwich office to a remade Victorian mansion at 24 Field Point Road could well mean an uptick in requests to work there in particular.

Day Pitney attorney Lorraine Slavin toured the wood-paneled office and said, “A few attorneys were here — senior professionals — and they said these were the most beautiful law offices in Greenwich.”

In a nod to history, the conference rooms bear notable local names — Bruce, Tod, Binney and Mead —along with ample stained glass.

The onetime home, built in 1940, is owned by investment firm Lloyd-Hascoe

Associates Inc., which formerly had offices there. The Hascoe name across the front will soon be replaced by Day Pitney. The back was added in 1992. Day Pitney moved in “as is” and the flying witch weather vane that is something of a landmark flies uninterrupted.

Slavin toured the offices with fellow attorney Amy Wilfert. Each in turn opened hidden panels to reveal everything from a computerized White Board to a bathroom. The woodwork earned special praise from both, as did the stained glass. More practically, they liked their new, better proximity to Greenwich Town Hall with its real estate records and Probate Court and to the train station for easy employee and client transportation.

The other tenant in the building is Hollywood Pop Gallery, a party and event-planning company.

Attorneys Amy Wilfert, left, and Lorraine Slavin beside a paneled wall that hides a wet bar and bathroom.

At Manhattanville

We Mean Business

In today’s rapidly changing world, you have to stay one step ahead just to survive; two steps ahead if you want to thrive. Featuring the latest career-oriented curricula taught by industry leaders, the School of Graduate and Professional Studies at Manhattanville College® now offers Advanced Certificates in: • Business leadership • Finance

• human Resources • marketing communications

Keep up to date on current trends in your field and upgrade your skills to meet the demands of your job. By earning an Advanced Certificate, you will make a difference in your career, your company, and your life.

Enroll now for sessions starting September 7. Convenient weekend and evening classes.

Call (914) 323-5150 to learn more.

The RighT Time The RighT Place The RighT Decision

Credits earned in certificate programs may easily transfer to a Master’s degree. Check out our newly redesigned Master’s programs at www.mville.edu/gps Manhattanville College, 2900 PurChase street, PurChase, nY 10577

8 Week of August 19, 2013 • Fairfield County Business Journal

CASH MANAGEMENT solutions

The business of looking good

Improve

YOUR CASH FLOW.

Tiara McCloud at work on a mannequin.

BY BILL FaLLoN bfallon@westfairinc.com

B

eauty has taken a detour.

No longer consigned to the eye of the beholder, it has alighted at 500 King’s Highway in Fairfield bearing the name of Marinello.

Marinello Schools of Beauty opened softly in February and officially cut its ribbon in July. The 12,000-square-foot salon, spa and school occupies the combined footprints of a former video store and a mattress store. It hosts 24 client salon stations where the service is professional and delivered at a 70 percent discount relative to similar skin, nail, shampoo, color and style treatments at upscale spas and salons.

A tour revealed a steady flow of customers, some of whom come for specific students — and who will likely leave with them when the students complete their 1,500-hour regimen — and others who come strictly for price and result.

The stations are staffed by the senior, most-experienced students, handling walk-in and appointment-based traffic.

Ninety percent of the students are female, but the school is ramping up its barber offerings this fall with a new 1,000-hour course toward certification.

The 24 full-scale stations are complemented by a wall of shampoo sinks and even a blow-dry bar for the equivalent of a hair pick-me-up. And they are not the half of it.

Another 42 chairs and related work accessories are called “general stations.”

This is where students earlier in the learning process — like Tiara McCloud — work on mannequins, on each other and, when

they are prepared and find a willing family member, on them, too.

“A year from now I’d like to be in a salon, making money and making people beautiful,” she said. “I’m doing great and I love it here.”

McCloud represents a Marinello ethos that goes well beyond the panoply of classes that even includes the fine art of monster makeup.

“We have a very interesting, bright and lively vocational environment here,” said Adam Arnheim, the campus director. “Our goal is to improve the lives of our students, our guests” — the in-house term for walk-in and appointment clients — “and our teachers.”

Currently 150 students are enrolled; 200 are expected this fall. Cost varies, with 100 percent of incoming students exploring financial aid through Marinello’s full-time, on-site aid representative.

Marinello’s Dennis Tarr, regional vice president of operations, toured the facility with Arnheim, pointing out four tech-infused classes, including a job center with four computers and material left behind for perusal by the likes of Sephora Spa in Milford and Massage Envy in Fairfield. “Our completion rate is in the mid-60 percent range and then, of those who take the the state certification test, we have very few failures.” His region includes Marinello’s other eight Connecticut shops; the Fairfield shop is the only one in Fairfield County. The 1904 company is headquartered in Los Angeles and runs 62 schools nationally.

“We can’t guarantee jobs, but we certainly want 100 percent placement,” said Arnheim.

Helping you manage your cash flow more efficiently is what our online cash management solutions are all about. You can easily and securely deposit checks, manage your accounts, receive payments, and more.

Plus, you’ll get all the help you need from local Webster bankers willing to go the extra mile. It’s all part of Personality.

Webster’s Type Contact your Regional President, John Ciulla at 203.328.8134 for more information, or go to WebsterBank.com/cashmanagement.

WEBSTER

WEB - LINK® Manage your account information safely and securely.

WEBSTER

DEPOSIT- LINK® Deposit checks from your office.

WEBSTER

PAYMENT- LINK® Allow customers to pay you online.

WebsterBank.com

Webster Bank, N.A. Member FDIC

The Webster Symbol and Webster Bank are registered in the U.S. Patent and Trademark Office.

Improve Cash Flow - Ciulla 02/07/2013 5” x 10.5” FAIRFIELD COUNTY BUSINESS Size: JOURNAL • Week Studio Number: 014512013 GD: Jessie Color: 4C Ad Code: WFC-CB-3266 FFC BJ MM: Joanne Renna

of August 19, 2013

9

Celebrating Healthy Workplaces: Nominations now being accepted criteria and standardized application materials. There are three merit categories – platinum, gold, and silver – awarded for the activities and outcomes achieved for each wellness program. All recognized employer programs will be profiled in a resource publication published in conjunction with the event.

If your company is offering a healthy workplace program, we want to recognize you.

Friday, September 20 UConn Stamford Campus 8:30 am - 2:00 pm • Stamford, Connecticut Featuring keynote luncheon speaker Cindi Bigelow, President & CEO, Bigelow Tea

FREE ACTIVITES TO ATTENDEES • Continental breakfast and networking • Choice of (2) educational workshops by industry experts and successful entrepreneurs • Access to resources from the State of Connecticut and other organizations OTHER ACTIVITIES AVAILABLE • Luncheon with keynote speaker • Concourse exhibit table for you to showcase your company or products CO-HOSTS

SPONSORS

Strengthening Businesses. Strengthening Communities.

Get recognized for your Healthy Workplace Programs www.BusinessFairfield.com

The Healthy Workplace Employer Recognition Program has become the premiere award in Connecticut, recognizing the outstanding achievements of businesses and organizations in implementing employee health and wellness programs.

Now in its sixth year, The Business Council will highlight employers’ efforts to encourage healthy behaviors, enhance productivity, and ensure healthy work environments on February 14, 2014.

Nominated programs are reviewed by a committee of experienced professions in a formal process using detailed

How to apply

It is easy! Complete the application at www.businessfairfield.com. Submissions are due January 6, 2014.

Who is eligible?

Employers in Connecticut, New York, New Jersey, Massachusetts, Rhode Island, Maine, Vermont, and New Hampshire are eligible to submit an application. Employers may be private and not for profit as well as local, state and federal governments.

Questions?

Please contact Tanya Court, Director, Public Policy & Programs at 203-705-0668.

The Healthy Workplace Employer Recognition program is an initiative of The Business Council of Fairfield County’s Wellness Roundtable. It is made possible by the active participation of the members of the Roundtable’s Employer Recognition Committee.

Leadership Fairfield County: Access. Connections. Involvement.

Leadership Fairfield County is a professional development program that offers exposure to the region’s most important issues, presented by an exceptional faculty of business, government, non-profit and educational leaders, in a class of accomplished, high performing peers selected from 20 different companies and organizations.

Currently midway through the program, the class has learned the ins and outs of Connecticut’s efforts at crafting a budget for an effective, affordable government; creating an inclusive and exciting statewide community of innovation and entrepreneurship; and strengthening the region’s transportation and energy infrastructures.

Sessions for the rest of the program

Follow us! facebook.com/ BusinessFairfield

#BCFairfieldCo

year will focus on similarly wide-reaching issues, including health care, criminal justice, and social media, all with an intense focus on access to leaders, roundtable discussions, and professional network development. To read more about past and fu-

10 Week of August 19, 2013 • Fairfield County Business Journal

ture Leadership Fairfield County sessions, visit www.businessfairfield.com, and follow The Business Council of Fairfield County on Facebook and Twitter.

Interested in making connections with the region’s business leaders and becom-

ing involved in the issues impacting the region? Contact The Business Council for more information: 203-359-3220.

asK andi

BY aNDI GRaY

We can’t just wing it anymore right now people have a “wing it” attitude. if there’s a problem, people jump to help, which is both good and bad, but some people say it feels like there’s a lack of clarity, who does what, no agreement on how things get done and no clear chain of command. there seems to be inadequate communication and a lack of responsibility or accountability. we need more structure in operations. help!

THOUGHTS OF THE DAY: Operations is the guts of the business. Putting process, job descriptions and accountabilities in place can help make things smoother. Figure out who heads up operations, preferably not the owner. Build a team to work on the best way to handle routine workload as well as exceptions. Make the routine

clear enough so a new person could easily learn most of what they need to know from a chart and backup descriptions.

Operations is where everything comes together. Orders from customers have to get delivered on time, in budget. Lack of planning often creates a lot of problems in operations. Things run smoother when everyone in the company takes the time to talk about workflow, defining what’s routine and what needs special handling. Departments need to layout/ diagram how work flows through their department and if they work on a variety of things, which typically happens, ask them to make multiple diagrams.

Look for interruptions and exceptions in the work flow drawing. Don’t try to define everything, you can’t solve all the company’s problems overnight, and you shouldn’t try to. Instead indicate where someone goes to get clarification if things don’t go according to plan.

Ask everyone in operations to submit a list of the things they do daily, weekly, monthly. If two people do the same job, ask both to submit their lists. You’d be surprised how many differences there may

be as one person remembers one thing, another something else.

Ask managers to review the lists and then compile the lists into job descriptions. You can also look online for standard job descriptions and salary ranges to help move the process along.

Make sure that each job description includes a list of accountabilities. These are the standards to which people are expected to deliver. What is most important in your organization? Is it speed, accuracy, price cuts, whatever the customer needs?

You need to clarify your expectations, and document them. Ensure employee responsibility by distributing the job expectations and discussing. If there are grey areas, try your best to clear them up and make your expectations concrete.

Assign someone to be in charge of operations. It’s best if this is a person is available throughout the day to field questions, deal with obstacles, and generally oversee and assist people. Make it clear to everyone that this person is in charge and has your full support.

If you’re like most business owners,

when there’s a problem in operations you stand ready to step in and head it off or deal directly with the person who caused the problem. Build a chain of command and support them in their decisions, resist temptation to do it all yourself.

Start with the manager in charge, making sure they’re aware there’s a problem. Give them time to do some homework, if necessary, and ask for a report back to you. Use your time together to listen, provide direction and teach. Asking them to solve the problem allows your employees to take responsibility and prevents the issue from recurring.

If there is a recurring problem, form a work group. Ask the group to tackle the problem and identify a more permanent solution. Resist the temptation to get involved directly, unless they ask for your input. The goal is to build a team that learns to solve problems without your involvement.

Andi Gray is president of Strate�y Leaders Inc., a business consulting �irm that specializes in helping small to mid-size, privately held businesses. (877) 238-3535.

Discover what know-how can do.

People’s United Bank offers a wide range of credit lines, loans and commercial mortgages to help your company reach your goals.*

$20,000,000

$16,000,000

$20,000,000

Line of Credit

Working Capital & Leveraged Finance

Direct Purchase of Tax-Exempt Bond

Finance comPany

manUFactUrer

edUcational institUtion

$4,000,000

$2,000,000

$4,000,000

Acquisition Finance

Revolving Credit Facility

Capital Expenditure Financing

manUFactUrer

manUFactUrer

Utility comPany

contact me today to learn more

aBoUt oUr lending Programs. richard J. iovanne, region manager, sVP 255 Bank Street, Waterbury, CT 06702 203-591-2601 • richard.iovanne@peoples.com *Credit requests are subject to approval. ©2013 People’s United Bank | Member FDIC | Equal Opportunity Lender

FAIRFIELD COUNTY BUSINESS JOURNAL • Week of August 19, 2013 11

BY JoE MURTaUGH

Avoiding future disasters

S

hould everyone have seen them coming? Would you have been in favor of higher airline prices and longer airport waits if imposed before 9/11? How about a small decline in the resale value of your home prior to 2008?

The truth is that people are generally unwilling to accept short-term costs and inconvenience for vague, long-term benefits. This problem plagues every business.

What made Enron and similar financial scandals so predictable in 2002 was the growing lack of auditor indepen-

dence. Consulting revenues and profit margins in the major accounting firms were growing at twice the rate of those for audits. SEC Chairman Arthur Levitt proposed significant reforms long before the collapse of Enron, Global Crossings and WorldCom, but he was stonewalled by our political system.

Fast forward to 2008 and we see criticism of the “big three” credit rating agencies, Moody’s, Standard & Poor’s and Fitch. Historically they gave investors an unbiased assessment of investments and

investors paid for reports. In the 1970s, agencies started charging the issuers fees for ratings. Legislators, supposedly “fearing a proliferation of unscrupulous ratings agencies,” designated Standard & Poor’s, Moody’s and Fitch as the only organizations banks and brokers could use.

Why do these painful events continue to happen? Special interest groups play a key role. The airlines opposed both the cost and inconvenience of tightening security long before 9/11 and the accounting industry lobbied SEC Chairman

A MOST UNIQUE REAL ESTATE EVENT GUARANTEED! When BoB SciNTo, seasoned Fairfield County real estate tycoon and JEREmy LEVENThAL, the booming, new guy on the scene in Westchester, take the stage together, you’re guaranteed that it will be like no other real estate program.

Bob Scinto, chairman of r.d. Scinto Inc., and Jeremy Leventhal, managing partner of Faros Properties

SEPT.

26

11:30 a.m.

Program and lunch (complimentary)

The Bristal 305 North St. White Plains, NY

moderaTor

moderaTor

ElizABEtH BRAckEN-tHOmpsON

HOWARD E. GREENBERG

Partner, Thompson & Bender

President, Howard Properties Ltd.

Register now. Space is limited. Email Holly DeBartolo at hdebartolo@westfairinc.com or go to westfaironline.com

12 Week of August 19, 2013 • FairField County Business Journal

Levitt’s proposed reforms before the financial meltdown of 2002. This always works because politicians yield to the money and votes in order to stay in office.

This isn’t cynicism, simply a fact.

Did it help the airline industry to oppose stronger security measures, the auditing industry to oppose the Levitt reforms or to allow the credit rating industry to give their customers a break by no longer charging them a few bucks for an unbiased report? Why didn’t the customer demand to be the one paying for the report? Are we quick to accept a small short-term gain and trade it for the certainty of long-term pain?

Ironically, in each case, the lobbying was at the center of the many causes of what we can now see as disasters in the making. According to “Predictable Surprises” authors Max Bazerman and Michael Watkins, “The warning signs were there, as they always are for predictable surprises. But people in responsible positions ignored or glossed over the signs.”

Are you willing to trade a small amount of up-front pain for significant long-term gain? It might be the pain of going to the gym in return for a lifetime of good health or replacing a profitable product or service with something better in order to stay a leader in your industry.

As a business, it often appears to be against your perceived best interests to act. If accounting firms, the airlines, mortgage originators, real estate workers, banks and brokerage firms selling collateralized debt obligations had been proactive, they would have damaged their short-term revenue and profits in the process.

When disasters occur, hindsight is always 20/20. But only foresight will keep predictable events from turning into disasters. Prevention of unpleasant surprises in your organization demands early recognition of emerging threats, focusing on the right solutions and gaining support for preventive actions.

Endure a limited amount of short-term pain and inconvenience for long-term gain and avoid future disasters.

Questions for discussion: What are some of the pending disasters we are facing right now?

How can I persuade myself and others to incur a little short-term pain to prevent them?

Joe Murtagh, The DreamSpeaker, is an international motivational speaker, meeting facilitator and business trainer. For questions or comments: Joe@TheDreamSpeaker.com, TheDreamSpeaker.com or (800) 239-0058.

2013

FAMILY-OWNED

BUSINESS AWARDS SALUTING THE HARDWORKING FAMILY ENTREPRENEURS WHO HAVE BUILT SUCCESSFUL BUSINESSES IN FAIRFIELD COUNTY. Now’s your chance to nominate that special family-owned business you’ve watched grow and give back to the community.

A distinguished panel of judges will choose three winners: one from a business with 1 to 50 employees, another from a company with 51 to 100 employees and the third from a business with more than 101 employees.

AWARDS CELEBRATION

NOMINATIONS

FAIRFIELD COUNTY

Nominations are open from now through Sept. 9.

To nominate, please visit westfaironline.com for instructions and nomination forms or call Holly DeBartolo at (914) 358-0743.

OCTOBER 10 | 5:30 P.M. ARTHUR MURRAY GRANDE BALLROOM OF GREENWICH 6 LEWIS STREET, GREENWICH WESTCHESTER COUNTY

NOVEMBER 7 | 5:30 P.M. MAPLETON AT GOOD COUNSEL 52 N. BROADWAY, WHITE PLAINS

A CALL FOR NOMINATIONS FAIRFIELD COUNTY BUSINESS JOURNAL • Week of August 19, 2013 13

THE LIST

Bank Presidents

14 Week of August 19, 2013 • Fairfield County Business Journal

SPECIAL REPORT

BANKING & FINANCE

The new social order

finanCial adviCe in a phone-and-tablet world

T

he Securities and Exchange Commission recently eased regulations regarding the use of social media in investing. The Business Journal put relevant questions to Jennifer Openshaw, president of Greenwich-based Finect, which seeks to navigate social media for investors.

WHAT ARE SOME INVESTOR TRENDS IN SOCIAL MEDIA?

“We’re not using the Internet and social media just to decide what restaurant to visit or to buy a pair of shoes.

We’re in a digital world, and that means investors are now turning to social media to make decisions — whether it’s for a financial advisor, a college savings fund, or an investment product.

So whether you’re an investor or a financial professional of any type — financial advisor, wealth manager — you’ll want to take notice.

Nearly 70 percent of wealthy investors have reallocated investments, or began or altered relationships with investment providers, based on content found through social media, according to Cogent Research.

And these investors want to be connecting with their advisers through social media. While only 4 percent of investors using a financial adviser currently interact with them through social media, a whopping 52 percent would like to. That means giving them updates, tips, even having a live exchange online, perhaps in a group forum.

The next generation of young millionaires — those ages 44 and younger — are four times more likely to express interest in a blog or tweets from their adviser than older investors and nearly six times more likely to say they’d like their adviser to be on Facebook.

The world is changing and it’s driven largely by the next generation and the use of cell phones, iPads and social media.”

WILL SOCIAL MEDIA CHANGE THE INDUSTRY? IF SO, HOW?

“There’s no question change is here.

You can’t attend an event in the finan-

cial industry without a robust conversation about social media. How can we use it? How can we track employees?

How can we do it simply and in a unified way?

We’ve spoken to about 200 financial advisers and asset managers and heard them say, “We need to do something” with social, but the existing platforms such as Facebook, LinkedIn and Twitter weren’t developed for their needs, especially given the regulatory rules they work under. That’s why industry leaders, such as the former head of compliance for Fidelity International, helped start my company, Finect. It was designed to provide the industry a simple yet compliant social media platform — a way to use the various social channels in a unified way.

Enabling the industry to use social media will have significant impact.

For financial institutions, it means you can now share a broad range of information such as research, thought leadership, corporate news or product information. And not with a few, but with thousands, even millions.

It also means you can target and reach the right audience more effectively.

Social media is also enabling smaller firms to compete with the big boys.

That’s partly because the smaller firms have managers with broader powers of decision-making, such as whether or not to use social media or what their social media policy might include.

For investors, there are two important trends. The first is that they will have more access to information. This levels the playing field and gives them more of a leg-up on investment opportunities that were maybe previously accessible to more closed networks. On the flip side, however, investors could be misled into the wrong financial products. That’s where we need to be careful and where I’d like the SEC to bring focus.

I was in a meeting with a prominent fund company and one person asked: Do we really want to be on social » Social order, page 17

Jennifer Openshaw

FAIRFIELD COUNTY BUSINESS JOURNAL • Week of August 19, 2013 15

BY RUSSELL aBRaHMS

Ins and outs of coming tax amnesty Offer a Finance Program for Your ClientsWithout All the Work

When your business offers the option of a revolving credit or an installment contract, you have the ability to create a better experience and retain more clients. Whether you are providing a product, education, procedure, membership, or a future service- GreenKey can customize a hassle-free program for your particular business. Finance amounts up to $10,000: • • •

Decrease default rates and lower your write offs Relieve your staff of billing receivables and improve cash flow Easy instant approval process that accepts multiple tiers of credit

1-800-797-3130

www.GreenKeyLending.com/Info@GreenKeyLending.com Offices in Danbury and Newtown, CT

COMING this FALL

WOMEN WHO MADE THE GREATEST IMPACT IN 2013

You can be part of this celebration by nominating women from Westchester and Fairfield counties who have had an impact on business or their communities.

FOR MORE INFORMATION OR TO MAKE A NOMINATION, CONTACT HOLLY DEBARTOLO AT (914) 358-0743.

Another spectacular Business Journals and Wag magazine-sponsored event.

16 Week of August 19, 2013 • FairField County Business Journal

not eXaCtly a get-out-of-Jail-free Card

H

aven’t paid your state taxes? The state is offering you a chance to save significant interest fees and harsh penalties.

Between Sept. 16 and Nov. 15, individuals and businesses can apply for amnesty and can be granted a 75 percent reduction in interest fees and elimination of civil and criminal penalties — if the taxes owed are paid.

Nonpayment can result from a variety of issues. Certainly, lack of available cash is one, particularly in this tough economy. Some may not pay because they don’t even realize money is owed.

Many businesses face the daunting task of determining if their goods, services and income are subject to Connecticut tax — and at what rate.

Some believe if they are taxed by another state they need not be concerned about Connecticut tax at all.

Wrong. Even if tax is paid in another state, Connecticut taxes could still be owed.

For those who don’t pay particular attention to these and other details, the day of reckoning may very well be at the time of a Connecticut Department of Revenue Services examination when it is determined that the sales or income was indeed subject to Connecticut tax.

If none were paid or reported, this unexpected tax, plus interest and penalties, can jeopardize the survival of a business.

That said, Connecticut and other states searched for the means to fill budget shortfalls without raising taxes, motivating businesses to come forward and pay what was previously neglected. Offering a short-term tax amnesty program may do just that, collecting needed dollars while at the same time bringing more taxpayers into compliance.

Connecticut again is providing a mechanism to businesses and individuals to correct old tax returns and submit unfiled returns, without fear of prosecution or penalties and with a 75 percent reduction of interest fees.

Instead of the usual 12 percent interest on unpaid taxes, the rate from Sept.

16 through Nov. 15 will be just 3 percent.

And there will not be any further penalties.

Connecticut has offered amnesty programs in the past, yielding millions of dollars for the state’s coffers.

Beware, however, this year if you

Russell L. Abrahms

don’t take amnesty, you could be subject to a whopping 25 percent penalty.

The amnesty covers virtually all Connecticut taxes imposed prior to Nov. 30, 2012, including sales, corporate and individual taxes. It excludes motor carrier road taxes and those tax matters currently under investigation or with a previously negotiated settlement in place.

The savings resulting from the amnesty program can be considerable.

For example, a plastic surgeon two years ago began offering cosmetic surgery in addition to reconstructive procedures. With reconstructive surgery exempt, no sales tax was collected or paid in connection with taxable cosmetic procedures. Oops.

Cosmetic surgery is taxable at 6.35 percent. If the practice performed $1,575,000 of cosmetic surgeries during the two year period, about $100,000 in Connecticut sales tax plus about $40,000 of penalties and interest would be owed. By enrolling in the amnesty program, the amount $140,000 is reduced by about $35,000.

The amnesty application and unfiled or corrected tax returns need to be submitted between Sept. 16 and Nov. 15 — with payment remitted to Connecticut no later than November 15, 2013.

Russell L. Abrahms CPA, has been in practice since 1990. His of�ice is at 425 Kings Highway East, Fair�ield; (203) 3684850.

Social order — » From page 15

media? They were afraid of disgruntled investors or customers who might tarnish their brand. But the chief marketing officer said, It’s happening anyway; better that we show our brand by engaging them — in a safe and compliant way — rather than ignoring them.”

WHY IS THE FINANCIAL INDUSTRY LATE TO SOCIAL MEDIA?

“Three main reasons. The first is that technology hadn’t yet evolved. But now we see its power through LinkedIn, Facebook and Twitter.

The second is compliance. It’s a big, time-consuming hurdle in this industry.

Financial professionals must abide by rules that now require them to decide who at their firm may write content or where such content should shared; dealing with endorsements and testimonials; archiving online content, and more.

It can be mindboggling.

And it’s particularly challenging if you have multiple employees: Would you ever want your employees out on those social media channels and not be able to

manage them in some unified way?

Those are the challenges that have held the industry back.”

HOW IS SOCIAL MEDIA CHANGING INVESTING?

“Everything is in real-time and there’s access to more information, including information from financial professionals.

One of the features Finect offers is “Pros on Products,” the ability to “follow” a stock or mutual fund. You might do this because you hold the investment or you’re considering it. You’ll then be able to get real-time news, Tweets, and insights from peers that are all specific to that investment. It’s all in a single location, so it’s easy.”

HOW DOES THE SEC’S APPROVAL OF SOCIAL MEDIA FOR CORPORATE FINANCIAL NEWS HELP AND HURT INVESTORS?

“The SEC’s recent move to allow companies to post corporate financial news on Facebook and other channels is just another indicator of the power of social media. When you think about it, some of these social channels are far more “public” than their old-fashioned

predecessors, such as a press release posted through the newswires or on a website. So, I think this is better. In the past, it was frustrating that you had to be educated about where to go to get information on your investments or specific companies. Now it’s easier.”

THE “TRUTH” FILTERS ON SOCIAL MEDIA CAN BE ABSENT AND STORIES OF FALSE INFORMATION GOING MAINSTREAM ARE NUMEROUS. DO INVESTORS NOW NEED FACT-CHECKERS?

“That is indeed a danger and my greatest concern. Investors need to be extra careful that they’re talking to credible experts who are saying things that are appropriate and suitable.

That’s why I’ve called for the SEC to track information online, to look for trends and to try to catch “bad actors.”

That’s also why I think a company like Finect is so important — because it provides a place where investors can connect with financial professionals, get to know them, and see details about their businesses and how they operate. That doesn’t happen at Facebook, LinkedIn or Twitter; they were built for other, more general purposes.

On the flip side, investors can also find negative information about a firm or advisor more easily through social media — if they indeed attempt to search.”

Jennifer Openshaw is president of Finect (�inect.com), billed as “the simple, compliant social media platform for the �inancial services industry.” She previously served in the California state treasurer’s of�ice and was founder and CEO of Women’s Financial Network, now part of Siebert Financial. She is the author of “The Millionaire Zone” (Hyperion) and a columnist for The Wall Street Journal’s MarketWatch.

CONTACT US TO LEARN MORE OR TO APPLY: IONA.EDU/HAGANMS ADMISSIONS@IONA.EDU 800.231.IONA

Four new ways to get ahead in the business world.

Move the World.

Register now to enroll in an MS program at www.iona.edu/haganms Iona’s Hagan School of Business introduces four innovative master’s programs for students seeking to move the world of business and their career forward. These programs prepare graduate students to succeed in the 21st century worlds of Finance, Financial Services, International Finance, and Public Accounting.

IONA_Print_10x5.625_cmyk_v4.indd 3

Our close proximity to the world’s financial hub offers students unique competitive advantages, including money management experience, connections to leading global finance and accounting firms, and access to faculty who are respected industry professionals. Enroll now for sessions beginning August 26.

8/7/13 2:11 PM FAIRFIELD COUNTY BUSINESS JOURNAL • Week of August 19, 2013 17

FTC partners with others to grow as the new fiscal year begins, fairfield theatre Company (ftC) reflects on the significant growth in programs that occurred over the past year. John reid, producing artistic director, says, “when i joined the ftC team 18 months ago, it became immediately apparent that ftC was a true cultural treasure. we made a strategic decision to expand far beyond the live music productions and over the past year we have done just that.” ftC expanded its film program, launching the film series “Community Cinema” in partnership with “independent lens” and pbs. ftC also hosted the telluride mountain film series, presented oscar short documentaries and launched “films that rock” in partnership with wpKn. it hosted the premiere of “isn’t it delicious,” a major motion picture shot in Connecticut. ftC partnered with art/place, a nonprofit cooperative of fairfield County artists that curates the gallery space. and the northeast Children’s theatre Company (nCtC) is now in residence at ftC. the company presented a first season of three children’s plays at ftC, expanding to seven next season. ftC hosted the “saturday morning Kids” program, in collaboration with the nonprofit Keys. this series of workshops provides musical instruction for children from bridgeport. ftC also built on the success of 200 live concerts a year at stageone in fairfield and at the Klein auditorium in bridgeport by producing its first show at the norwalk Concert hall. ftC is at 70 sanford st.

John Reid producing artistic director of the fairfield theatre Company.

The mission of the Cultural Alliance of Fairfield County is to support cultural organizations, artists and creative businesses by providing promotion, services and advocacy.

For more information, visit CulturalAllianceFC.org or email infoCulturalAllianceFC.org or call 256-2329.

For events lists, visit FCBuzz.org.

FCBUZZ

Arts & Culture of Fairfield County

WESTPORT PLAYHOUSE GOES TO ‘OBLIVION’ Cinderella, meet nurse Jackie. beginning aug. 20, the westport Country playhouse will stage the world premiere of “oblivion,” a provocative new play by Carly mensch, writer for showtime’s “nurse Jackie” and “weeds.” it is directed by mark brokaw, who helmed the current broadway production of “rodgers & hammerstein’s ‘Cinderella.’” the coming-of-age comedy-drama about parents and teenagers runs through sept. 8. the playhouse’s second world premiere in as many seasons, “oblivion” was commissioned by new york’s playwrights horizons and received a developmental workshop at Chicago’s steppenwolf theatre Company in late 2011. now it’s being given its first professional, fully staged production under the guidance of a director with considerable experience with new work. the play looks at the surprising choices teenagers make and the people they disappoint, when they forge their own way. the play is appropriate for ages 13 and up. mensch will be guest speaker at a symposium at the playhouse aug. 25, following the 3 p.m. matinee. for more information or tickets, call the box office at 2274177 or visit westport Country playhouse, 25 powers Court, westport. tickets are available online at westportplayhouse. org.

The cast of Westport Country Playhouse’s world premiere of “Oblivion” by Carly Mensch, Aug. 20 – Sept. 8. From left, seated, Johanna Day, Reg Rogers; standing, Aidan Kunze, Katie Broad. Photograph by Kat Gloor.

SPIRIT OF ’60S LIVES IN AVON SCREENING

Mel’s drive-in, a touchstone in the nostalgic “American Graffiti.”

the avon theatre presents a special screening of “american graffiti” (1973), a movie dedicated to teenage life in the early ’60s. this blast-from-the-past film will be shown aug.

21 to celebrate its 40th anniversary. a reception hosted by lucky’s Classic burger & malt shop will begin at 6 p.m. at the avon with a costume contest and prizes prior to the 7:30

p.m. showing. patrons are encouraged to dress up — in leather jackets, big or gelled hair or even roller skates. prizes await those most in touch with their inner greaser. music from the movie soundtrack will be featured during the reception. “american graffiti” is george lucas’ ode to youth. high school graduates spend the night out where they drag race, go to drive-ins and contemplate life decisions to an expansive rock ’n’ roll soundtrack. the avon theatre is a nonprofit, member-supported art house showcasing the best in independent, foreign, classic, documentary and cult classic films. to purchase tickets, call the avon at 661-0321 during business hours or the box office during show times at 967-3660. for more, visit avontheatre.org.

Visit FCBuzz.org for more information on events and how to get listed.

18 Week of August 19, 2013 • FairField County Business Journal

Presented by: Cultural Alliance of Fairfield County

FAIRFIELD COUNTY

BUSINESS JOURNAL aTTaCHMENTSFILED

A.P. Construction, Stamford, contractor for Ashforth. Fit-out an existing commercial building at 3001 Summer St., First floor, Stamford.

Estimated cost: $119,000. Filed July 30.

Rays Lawn Service Inc. and Raymond P. Barnes, Greenwich. Filed

by Gault Inc., Westport, by Phillip H. Monogan. Property: 35 Shady Beargrass Inc., Westport. Perform Lane, Greenwich. Amount: $6,500. interior alterations at an existing Filed July 30. commercial building, 235 Post Road West, Westport. Estimated cost: $3,000. Filed July 30.

aTTaCHMENTSRELEaSED

E W D Remodeling L.L.C., contractor for Kosow Construction BRK Associates Inc. and Burt R. Corp. Interior structural repairs, Kelman, Stratford. Filed by Direct 4011 Park Ave., Fairfield. Estimated Capital Corp., Portsmouth, N.H., cost: $7,500. Filed Aug. 2.

by Richard Feldman. Property: 355 Rosebrook Drive, Stratford.

Enterprise Builders, contractor for Amount: $66,500. Filed July 30.

Saugatuck Congregational. Repair fire damage at an existing commerForest, Catherine and Ira Forest, cial building, 245 Post Road East, Stratford. Filed by Eaton Develop- Westport. Estimated cost: $40,000. ment, 104 to 105 Hamilton Park, Filed July 30.

Stratford. Amount: $10,734. Filed Aug. 1.

Guiltec Development, Stamford, contractor for Diocese of Bridgeport. Perform external renovations BUILDING at an existing commercial building, PERMITS 1170 Shippan Ave., Stamford. Estimated cost: $5,000. Filed July 30.

commErciaL

Huntington, M.G., New York City.

Fit-out an existing commercial A.P. Construction, Stamford, building, Sand Wedge Deli, 607 contractor for Ashforth. Perform Main St., Norwalk. Estimated cost: interior alterations at an existing $40,000. Filed July 31. commercial building, Navigation Center, 3001 Summer St., First floor, Stamford. Estimated cost: John Moriarty & Associates Inc., Farmington, contractor for Merritt $65,000. Filed July 30.

7 Venture L.L.C. Fit-out an existing commercial building, Home Serve USA, 601 Merritt 7, Norwalk. Estimated cost: $61,000. Filed July 30.

Items appearing in the Fairfield County Business Journal’s On The Record section are compiled from various sources, including public records made available to the media by federal, state and municipal agencies and the court system.

While every effort is made to ensure the accuracy of this information, no liability is assumed for errors or omissions. In the case of legal action, the records cited are open to public scrutiny and should be inspected before any action is taken.

Questions and comments regarding this section should be directed to: Bob Rozycki c/o Westfair Communications Inc. 3 Gannett Drive, Suite G7 White Plains, N.Y. 10604-3407 Phone: (914)694-3600 Fax: (914)694-3680

John Moriarty & Associates Inc., Farmington, contractor for Merritt 7 Venture L.L.C. Perform interior renovations at an existing commercial building, 301 Merritt 7, Plaza level, Norwalk. Estimated cost: $93,000. Filed July 30.

A&A Quality Home Improvement, Norwalk, contractor for Chris Charise. Perform external additions at an existing single-family residence, 11 Burlington Drive, Norwalk. Estimated cost: $20,000.

Filed July 30.

Kleban Holding Co. L.L.C., Fairfield. Fit-out an existing commercial building, Fame, 1499 Post Road, Second floor, Fairfield. Estimated cost: $30,000. Filed Aug. 2.

Alternate Designs Inc., South Salem, N.Y., contractor for Robert Ingraham. Perform interior renovations at an existing single-family residence, 458 White Oak Shade Road, New Canaan. Estimated cost: $125,000. Filed Aug. 7.

Merritt Construction L.L.C., contractor for Westport Post Road L.L.C. Relocate tenant to new space, A Touch of Europe, 295 Post Road East, Westport. Estimated cost: $70,000. Filed July 30.

R&H Roofing L.L.C., East Hampton, Mass., contractor for Kanover Residential Corp. Reroof an existing commercial building, 651 State St., Bridgeport. Estimated cost: $51,500. Filed July 31.

Real Estate Lineup, Bridgeport.

Lay a foundation for a new commercial building, 46 Brookfield Ave., Bridgeport. Estimated cost: $23,000. Filed July 30.

Water St. Associates, Norwalk.

Perform interior renovations at an existing commercial building, 132 Water St., Norwalk. Estimated cost: $93,000. Filed July 30.

rESidENtiaL

1168 Oldfield L.L.C., Fairfield. Lay a foundation for a new single-family residence, 1168 Oldfield Road, Fairfield. Estimated cost: $500,000.

John Moriarty & Associates Inc., Filed Aug. 6.

Farmington, contractor for Merritt 7 Venture L.L.C. Perform interior renovations at an existing commer- 3 Valley Heights L.L.C., contraccial building, 301 Merritt 7, Third tor for 25 Edgemarth Hill L.L.C. floor, Norwalk. Estimated cost: Construct a new single-family $137,000. Filed July 30. residence, 25 Edgemarth Hill Road, Westport. Estimated cost: $650,000.

Filed July 31.

John Moriarty & Associates Inc., Farmington, contractor for Merritt 7 Venture L.L.C. Perform interior A. Secondino & Son Inc., Branrenovations at an existing commer- ford, contractor for Charter Oak cial building, 301 Merritt 7, Pent- Communities. Construct new resihouse, Norwalk. Estimated cost: dential units, 12 to 32 Merrell Ave., $97,000. Filed July 30.

Stamford. Estimated cost: $5.5 million. Filed July 30.

Archadeck, Stamford, contractor for Peter Sommerfield. Construct a new deck at an existing single-family residence, 25 Davenport Farm Lane East, Stamford. Estimated cost: $30,000. Filed July 30.

Carcole Construction, Stamford, contractor for L. Cardillo. Construct a new deck at an existing single-family residence, 30 Crestwood Drive, Stamford. Estimated cost: $6,420. Filed July 30.

Hamden Memorial Funeral Home Inc., Hamden. Filed by Norwalk Wilbert Vault Co. L.L.C., Bridgeport. Plaintiff’s attorney: Steven A. Sugarmann, New Haven. Action: The plaintiff has brought this breach-of-contract suit against the defendant for failing to pay $8,893 Carty & Carty, Danbury, contrac- for merchandise that was sold and tor for Sarah and Lawrence Katz. delivered to the defendant. Filed Perform interior renovations at an Aug. 1. Case no. 6037053. existing single-family residence, 17 Limekiln Road, Ridgefield. Estimated cost: $27,800. Filed July 30.

Mims Corp., Fairfield. Filed by Richard Dudgeon Inc., Bridgeport. Plaintiff’s attorney: Eugene D. Coastal Construction L.L.C., con- Micci, Derby. Action: The plaintiff tractor for Elizabeth and Michael has brought this breach-of-contract Janis. Add a two-story addition to suit against the defendant for enteran existing single-family residence, ing into an agreement and keeping 127 Beachside Ave., Westport. Esti- the proceeds of a sale for itself. Filed mated cost: $420,000. Filed July 30. July 31. Case no. 6037035.

Concavage Marine, contractor for Inge and Jolo Sandberg. ReAssisi Remodeling, contractor for pair deck/pier for a single-family Kevin O’Brien. Perform additions residence, 47 Pear Tree Point Road, and alterations at an existing single- Darien. Estimated cost: $35,000. family residence, 54 Andrews Drive, Filed July 27.

Darien. Estimated cost: $120,000.

Filed July 31.

Crans, Richard, contractor for Robert Walsh. Reroof an existBaybrook Remodelers Inc., West ing single-family residence, 1355 Haven, contractor for Loraine and Broadbridge Ave., Stratford. EstiJohn Orban. Replace windows at mated cost: $10,380. Filed July 31. an existing single-family residence, 36 Anvil Road, Fairfield. Estimated CT Deck Design Inc., contraccost: $40,000. Filed July 30. tor for Allison Tauman. Construct a new deck at an existing singleBigaj Contractors Co. L.L.C., con- family residence, 25 Osborne Lane, tractor for Laurie and David Title. Norwalk. Estimated cost: $7,270.

Perform interior renovations at an Filed Aug. 8. existing single-family residence, 637 Rock Ridge Road, Fairfield. Estimated cost: $50,000. Filed July 31.

CoURT CaSES

Booska, Robert, Stratford. Perform additions to a single-family residence, 265 Wakelee Ave., Stratford. Estimated cost: $41,600. Filed July 31.

BridGEPort diStrict court

Custom Complete Construction L.L.C., et al., Ellington. Filed

by Kamco Supply Corp. of New England, Wallingford. Plaintiff’s attorney: Robert A. Ziegler, Plainville. Action: The plaintiff has brought this breach-of-contract suit against the defendant for failing to pay $7,820.85 for materials and building supplies delivered C& T Partners, contractor for to the defendant. Filed Aug. 5.

Nancy Hadden. Perform interior Case no. 6037104. renovations at an existing singlefamily residence, 1 Strawberry Hill Ave., Unit 11B, Stamford. Estimated cost: $40,000. Filed July 30.

Bugaj Contractors Co. L.L.C., contractor for Kristen and David Lynch. Perform additions and alterations at an existing singlefamily residence, 71 Larkspur Road, Fairfield. Estimated cost: $350,000.

Filed Aug. 2.

O’Halloran Advertising Inc., Westport. Filed by Daily Hyland Inc., Trumbull. Plaintiff’s attorney: John L. Cesaroni, Bridgeport.

Action: The plaintiff has brought this breach-of-contract suit against the defendant for failing to pay $38,316.25 for consulting services performed by the plaintiff. Filed Aug. 6. Case no. 6037143.

Oesse Foods Inc., New Haven. Filed by Zeisler & Zeisler PC, Bridgeport. Plaintiff’s attorney: Jeffrey M. Sklarz, Glastonbury. Action: The plaintiff has brought this breach-of-contract suit against the defendant for failing to pay for legal counsel retained; the amount of $20,868.71. Filed Aug. 5.

Case no. 6037129.

daNBurY diStrict court All Star Welding & Demolition L.L.C., Danbury. Filed by Marlin Leasing Corp., Mount Laurel, N.J. Plaintiff’s attorney: Richard C. Feldman, New Haven. Action: The plaintiff has brought this suit against the defendant as a judgment was rendered in favor of the plaintiff in the amount of $8,756.39. The defendant has failed to make payment despite demand. Filed Aug. 7.

Case no. 6013229.

THE RECORDS SECTION IS NOW AVAILABLE BY DIGITAL SUBSCRIPTION. Go to westfaironline.com/buy/records-section/ for more information and to view a sample.

FAIRFIELD COUNTY BUSINESS JOURNAL • Week of August 19, 2013 19

NEWSMAKERS plus awards and events HER HAVEN, THEIR PAINT, EVERYONE’S BENEFIT A.G. WILLIAMS PAINTING COMPANY INC., with businesses in Greenwich and Port Chester, N.Y., partnered for a second year with Bridgeport-based HER HAVEN to help deserving women. This year, Her Haven converted the Huntington House, a Victorian building in Bridgeport, into the Tina Klem Serenity House, named after Tina Klem, a former chief clinical officer of the Recovery Network of Programs.

Pictured are CAREY DOUGHERTY, Her Haven founder and executive director, and DOUG KITCHEN, Fairfield account representative, A.G. Williams Painting Company Inc.

WEBSTER VEEP BATTLES CROSS-BORDER HUNGER WEBSTER BANK based in Waterbury announced MARIA FREBURG, vice president and senior business banker, was recently named chairwoman of The Business Council of Westchester’s Rising Stars Alumni Group.

Freburg is the head of the Steering and Selection Committees for the next two years.

Freburg, who received the 40 Under 40 honor herself in 2011, said that the group will conduct monthly educational seminars beginning in September. “We are focused on raising 40,000 pounds of food for the Westchester Coalition of the Hungry and Homeless over the next 24 months and we will have quarterly events focused on legislative, cultural and social topics,” she said.

Freburg joined Webster in 2010 and is based in its White Plains, N.Y., office.

TOP-TIER TALENT JOINS AMERICARES BOARD

SOCIALLY AWARE AT WEBSTER Waterbury-based WEBSTER BANK today announced DAWN MELESKO, vice president for social media at Webster, was recently named one of the “Top 20 Influencers on Twitter” by Independent Community Bankers of America.This ranking is the first of its kind and highlights social media trailblazers in the financial industry.

Winners were chosen based on their community engagement with fans and followers; the content distributed on their social media platforms; the number of fans and/ or followers; and the frequency of posting new content.

Melesko joined Webster in 2011 as associate vice president for social media.

Samhita Jayanti

Alan Rwambuya

Stamford-based AMERICARES announced SAMHITA JAYANTI of Greenwich and New York City and ALAN RWAMBUYA of New Canaan have been elected to its board of directors.

Jayanti is the president and CEO of G3 US, an intelligence and investigative consulting firm. She previously worked for Harvard Business School, The Smart Manager, a business publication in India, Atlas Books L.L.C. and J.P. Morgan. She currently serves on the U.S. Corporate Advisory Board of the National Theatre in London and is a member of the New York Public Library’s Volunteer

Council Steering Committee.

Rwambuya, a private client adviser at U.S. Trust, Bank of America Wealth Management, is the co-founder of the Ugandan Girl Organization, a nonprofit devoted to improving educational opportunities for girls there. He previously worked at Barclays Capital and J.P. Morgan Chase & Co. “I have admired the work of AmeriCares for many years,” Rwambuya said. “I am honored to be part of this wonderful organization, which does so much good for so many people here and abroad.”

20 Week of August 19, 2013 • FairField County Business Journal

FIRST COUNTY LARGESSE FINDS 42 NONPROFITS

RETURN OF THE NORWALK NATIVE

The FIRST COUNTY BANK FOUNDATION recently distributed a total of $283,000 in grants to 42 nonprofits in Stamford targeting education, job training, medical programs, advocacy and counseling programs and nutrition programs benefiting youth and families.

The foundation also offers COMMUNITYFIRST grants, which are awarded year round. Of the $283,000 in total grants, $15,500 are CommunityFirst grants that were awarded to eight agencies, including the Stamford Police Association, Stamford Animal Rescue, Stamford Rotary and the Stamford Senior Center to date.

“The First County Bank Foundation is honored to make these grants available to a number of important causes in the Stamford area,” said REY GIALLONGO, president of the foundation, and chairman and CEO of First County Bank.

“On behalf of the bank’s employees and customers, I want to personally thank these organizations and the people who work with them for helping Fairfield County citizens.

It’s not easy and many of us take for granted that others in the community volunteer their time to help others. All of us at First County Bank make sure to donate some of our time and money to bettering the lives of others.”

The in-county grants were as small as $500 for a city bike helmet program and as large as $15,000 for housing upgrades.

Since its inception in 2001, the First County Bank Foundation has awarded more than 760 individual grants totaling $5.8 million.

DaTES AUG

23 friday

AUG

27 tuesday

HARRIET HAFFNER, a licensed real estate broker, has joined the Norwalk office of PRUDENTIAL CONNECTICUT REALTY. “Harriet’s extensive knowledge of the marketplace and her service-oriented dedication make her a welcome addition to the team,” said sales manager Brenda Maher.

Haffner was a senior associate at Coldwell Banker Residential Brokerage for 13 years following their acquisition of Haffner Realty, her Norwalk-based company. Now, after four years with Riverside Realty Group in Westport, she is returning to her real estate roots in Norwalk, where then mayor Frank Esposito designated Feb. 25, 1999 as “Harriet Haffner Day” to honor her years of commitment to the real estate industry, her many accomplishments, and her service to the community.

SEPT

23 monday

NEWS NOON @

Sign up now at westfaironline.com

Comedienne Rita Rudner will headline at THE RIDGEFIELD PLAYHOUSE Friday Aug. 23, 8 p.m. She has earned the Las Vegas Review-Journal’s “Best Comedian in Las Vegas” title for the last eight years.

Special guest is comedienne CHRISTINE O’LEARY. For tickets ($58), call or visit the box office at The Ridgefield Playhouse, (203) 438-5795 or order online.

SCORE Fairfield County will hold a free workshop titled “The Five Keys to Small Business Success” Tuesday Aug.27, 6- 8 p.m., with check-in starting 5:30 p.m. at Stamford Innovation Center, 175 Atlantic St. Stamford. The workshop, appropriate for both start-ups and companies already in business, will identify the keys to small business success and is based on the presenter’s book “You Can Do It; A Guide to Starting and Running a Small Business.” Speaker Tom Greenbaum is a corporate veteran — including Procter and Gamble — and ran several of his own businesses in marketing and marketing research across 35 years.

Register directly at scorenorwalk.org or call (203) 831-0065.

THE FAIRFIELD COUNTY COMMUNITY Foundation is hosting a golf tournament at the Connecticut Golf Club, 915 Black Rock Turnpike, Easton, Monday Sept.

23. The cost is $450 per golfer or $1,500 per foursome. Westport Resources is fully underwriting the event and 100 percent of golfers’ entry fees will go to the Fairfield County Community Foundation. Contact Mary Roland at Westport Resources: (203) 226-0222 or mroland@westportresources.com

Information for these features has been submitted by the subjects or their delegates.

SIGN UP FOR OUR NEWSMAKERS NEWSLETTER

Get all the executive promotions and moves, awards and snapshots we publish in the Business Journals delivered to your inbox on Monday mornings. Subscribe at WESTFAIRONLINE.COM/HOME/BREAKING-NEWS/ FAIRFIELD COUNTY BUSINESS JOURNAL • Week of August 19, 2013 21

on the record F&D Falls Excavating Co. Inc., Brookfield. Filed by Jeffrey Strang, Brookfield. Plaintiff’s attorney: Christopher G. Winans, Danbury.

Action: The plaintiff has brought this breach-of-contract suit against the defendant for failing to perform certain agreed-upon excavation services.. Filed Aug. 6.

Case no. 6013187.

Windemere Reserve L.L.C., et al., Stamford. Filed by The Reserve Realty L.L.C., Danbury. Plaintiff’s attorney: Daniel E. Casagrande, Danbury. Action: The plaintiff has brought this breach-of-contract suit against the defendant as both parties had entered into a purchase agreement for a certain parcel of land located in Danbury. Filed Aug. 2.

Case no. 6013161.

Stamford District Court Archway Aviation Holding (Ireland) Ltd., et al., Dublin, Ireland.

Filed by Knight Capital Americas L.L.C., Jersey City, N.J. Plaintiff’s attorney: Tracey SalmonSmith, Florham Park, N.J. Action: The plaintiff has brought this a breach-of-contract suit against the defendant for failing to pay for certain investment banking services rendered. Filed Aug. 2.

Case no. 6019364.

Sssafras L.L.C., et al., Norwalk.

Filed by the Redevelopment Agency of the city of Norwalk. Plaintiff’s attorney: Marc J. Grenier, Norwalk.

Action: The plaintiff has brought this breach-of-contract suit against the defendant for failing to pay the installments on a promissory note delivered to the plaintiff. The defendant owes the plaintiff $21,267.43.

Filed Aug. 2. Case no. 6019363.

SUPERIOR COURT Ash Creek Saloon, Norwalk. Filed

by Broadcast Music Inc., New York City. Plaintiff’s attorney: Michael Rye, Hartford. Action: The plaintiff has brought this copyright infringement suit against the defendant as the plaintiff had been granted the right to license the public performance rights. The defendant has publicly performed musical compositions of the musical compositions from the plaintiff’s repertoire.

Filed Aug. 2. Case no. 13cv01107.

Howard Lee Schiff, East Hartford.

Filed by Joseph DaSilva, Cumberland, R.I. Plaintiff’s attorney: Sergei Lemberg, Stamford. Action: The plaintiff has brought this violation of the Fair Debt Collections Act suit against the defendant for attempting to collect a debt by using harassment and abusive tactics. Filed Aug. 2.

Case no. 13cv01109.

Howard Lee Schiff, East Hartford.

Filed by Candace Sergi, Hampden, Maine. Plaintiff’s attorney: Sergei Lemberg, Stamford. Action: The plaintiff has brought this violation of the Fair Debt Collections Act suit against the defendant for attempting to collect a debt by using harassment and abusive tactics. Filed Aug. 2.

Case no. 13cv01110.

31 High Street L.L.C., Greenwich.

Seller: Brian J. and Raul J. Guzinski, Greenwich. Property: 31 High St., Greenwich. Amount: $415,000.

Filed Aug. 1.

Westport Building Co. L.L.C., Westport. Seller: Marjorie J. and Edwin F. Potter, Westport. Property: 12 Pamela Place, Westport.

Amount: $625,000. Filed Aug. 1.

Alfano, Kathleen L. and Vincent J. Alfano Jr., Brookfield. Seller: Paula Venuti Pascoa, Brookfield. Property: 13 Hickory Hills Road, Brookfield.

Amount: $340,000. Filed Aug. 1.

31 Norholt Drive Associates L.L.C., New Canaan. Seller: Holly M. Askling, New Canaan. Property: 31 Norholt Drive, New Canaan.

Amount: $885,000. Filed Aug. 2.

Ying Tong Real Estate L.L.C., Brooklyn, N.Y. Seller: Park Avenue Commons L.L.C., Danbury. Property: Park Avenue Commons, Unit 1 to 5, Danbury. Amount: $1.5 million. Filed July 31.

Andrews, Amy L., Riverside. Seller: Thomas Mendes, Riverside. Property: 19 Militiades Ave., Riverside.

Amount: $1.1 million. Filed July 29.

Meridian Financial Services Inc., Asheville, N.C. Filed by Pasquale Scirocco, Durham. Plaintiff’s attorney: Sergei Lemberg, Stamford.

Action: Action: The plaintiff has brought this violation of the Fair Debt Collections Act suit against the defendant for attempting to collect a debt by using harassment and abusive tactics. Filed Aug. 2.

Case no. 13cv01108.

3800 Main Street, Stamford. Seller: Joanne L. and John C. Kucej, Stratford. Property: 73 Wiklund Ave., QUIT CLAIM Stratford. Amount: $235,000. Filed July 31.

CH Trap Falls Associates L.L.C., New Canaan. Seller: W.E. Bassett Co., Alisio Viejo, Calif. Property: 6 Maher Avenue Holdings L.L.C., 100 Trap Falls Road Extension, Greenwich. Seller: John Robert Shelton. Amount: $3.3 million.

Franke, Old Greenwich. Property: 4 Filed July 30.

Maher Court, Greenwich. Amount: $3.3 million. Filed July 29.

Faucher, Katherine M. and ThomStellar SRKG Acquisition L.L.C., Brookfield. Filed by DeFeo Manu- Fairfield CFD L.L.C., Los Alami- as Edward Faucher, Darien. Seller: facturing Inc., Seville, Ohio. Plain- tos, Calif. Seller: Shelley C. Burger, Mary K. and Walter M. Miller, tiff’s attorney: Yuval M. Marcus, Westport. Property: 4536 Congress Darien. Property: 16 Birch Road, White Plains, N.Y. Action: The St., Fairfield. Amount: $1.6 million. Darien. Amount: $792,000. Filed July 31. plaintiff has brought this breach- Filed July 31. of-contract suit against the defendant who offered to sell the product bearing the Allison trademark. Greenwich Manor L.L.C., Fair- Fiaschetti, Janice, Brookfield. Seller: South Gate Condominium AsFiled July 31. Case no. 13cv01096. field. Seller: 1063 Post Road Part- sociation Inc., Danbury. Property: ners L.L.C., Stamford. Property: 163 South St., Unit 4, Danbury.

1063 Boston Post Road, Darien.

Zimmer Holdings Inc., Warsaw, Amount: $4.7 million. Filed July 19. Amount: $33,500. Filed July 31.

Ind. Filed by Dorothy and Mark A. Clinkenbeard, Stamford. Plaintiff’s attorneys: Marilyn J. Ramos, David Property Edge L.L.C., Southington. Huskins, Cathy, Stamford. Seller: S. Golub and Jonathan M. Levine. Seller: Deutsche Bank National Trust Jean Mingjing Lu and Edmond Action: The plaintiff has brought Co., West Palm Beach, Fla. Property: 1 Chan, New Rochelle, N.Y. Property: this products-liability suit against Little John Lane, Danbury. Amount: 53 Prospect St., Unit 11D, Stamford.

Amount: $88,000. Filed Aug. 1. the defendant as a result of a person- $167,399. Filed Aug. 1. al injury sustained due to a defective hip replacement. Filed July 30.

Lordship Development I L.L.C., SJ REI L.L.C., Norwalk. Seller: Stratford. Seller: Bayview DevelCase no. 13cv01094.

Judith A. Mappa, Norwalk. Prop- opment L.L.C., Stratford. Property: 9 to 11 Park St., Unit 202B, erty: South Avenue, Lot 8, Stratford.

Norwalk. Amount: $79,000. Filed Amount: $40,000. Filed Aug. 2.

DEEDS July 29.

COMMERCIAL

Sound Enterprises L.L.C., Wilton.

Seller: VIFC L.L.C., Norwalk. Property: 168 Noroton Ave., Darien.

1 C L.L.C., Greenwich. Seller: Amount: $1.1 million. Filed July 24.

Alexis Finlay, Ridgefield. Property: 49 Lake Ave., Unit C, Greenwich.

Sprague Connecticut Properties Amount: $760,000. Filed Aug. 1.

L.L.C., Stratford. Seller: Motiva Enterprises L.L.C., Houston, Texas.

23 Arnold Street L.L.C., Darien. Property: 145 Lordship Blvd., StratSeller: Linda M. Molnar, Darien. ford/Bridgeport. Amount: $9.6 Property: 43 Arrowhead Way, million. Filed Aug. 1.

Darien. Amount: $1.3 million. Filed July 26.

Square Foot Realty Inc., Stratford.

Seller: Darlene A. Albert, Williams23 Westfair L.L.C., Norwalk. Seller: ville, N.Y., and Adolph S. Flemister Dennis B. Poster, Southport. Prop- Jr., Pittsford, N.Y. Property: 275 erty: 23 Westfair Drive, Westport. Bayview Blvd., Stratford. Amount: Amount: $811,000. Filed Aug. 1. $525,000. Filed Aug. 1.

Santangelo, Maria, Greenwich.

Seller: Katherine T. and Alexander W. Sokoloff, Greenwich. Property: 98 Putnam Park, Greenwich.

Amount: $610,000. Filed July 29.

Wishing Well Builders Inc., Stamford. Seller: Techno Development L.L.C., Stamford. Property: 191 Erskine Road, Unit 16, Stamford.

Amount: $600,000. Filed Aug. 1.

RESIDENTIAL

Agarwal, Madan and Subhash Agarwal, Stamford. Seller: Eileen S. Mancusi, Stamford. Property: 52 Lindstrom Road, Unit 13, Stamford. Amount: $283,000. Filed 3 J K L.L.C., Westport. Seller: Ann Steel Gate Equity L.L.C., Andover, Aug. 1.

S. and John M. Holmes, Ann Arbor, Mass. Seller: 1370 Barnum Avenue Mich. Property: 282 Compo Road L.L.C., Fairfield. Property: 1370 South, Westport. Amount: $1.2 to 1376 Barnum Ave., Stratford. Albano, George Jr., Stratford. Seller: Alec F. and Raymond Voccola, million. Filed Aug. 6.

Amount: $1 million. Filed July 31.

Stratford. Property: 595 Light St., Stratford. Amount: $233,700. Filed Aug. 1.

22 Week of August 19, 2013 • Fairfield County Business Journal

Benayed, Skander, Ansonia. Seller: Mayra Rosario, Trumbull. Property: 68 Wilson Ave., Trumbull.

Amount: $265,000. Filed Aug. 1.

Bennett, Corleen, Bronx, N.Y. Seller: LPP Mortgage Ltd., Plano, Texas. Property: 55 Magnolia Ave., Norwalk. Amount: $220,000. Filed July 29.

Anz, Manal and Mouziad Anz, Trumbull. Seller: Rita and William FORECLOSURES LaRovera Sr., Seymour. Property: 333 River Road, Shelton. Amount: Barrett, Bernard J. Creditor: JPM$375,000. Filed Aug. 1. organ Chase Bank N.A., Mendota Heights, Minn. Property: 42 Abbott Araya, Daniel E., Stamford. Seller: Ave., Danbury. Mortgage default.

Federal National Mortgage Asso- Filed Aug. 5. ciation, Washington, D.C. Property: 16 Houston Terrace, Unit 3, Delima, Jose C., et al. Creditor: Stamford. Amount: $172,000. Filed Deutsche Bank National Trust, Aug. 2. trustee, West Palm Beach, Fla. Property: 49 Beckerle St., Danbury.

Armstrong, Diana and Chad Mortgage default. Filed Aug. 5.

Armstrong, Greenwich. Seller: Camer V. and Albert M. Hovanian, Driscoll & Driscoll and James Fairfield. Property: 155 Putting C. Driscoll III. Creditor: Fairfield Green Road, Fairfield. Amount: County Bank, Ridgefield. Property: $423,000. Filed Aug. 5.

235 Greenwood Ave., Bethel. Mortgage default. Filed Aug. 2.

Arpi Arias, Rosa and Jaime O. Velez, Danbury. Seller: 17 Griffing Ferraino, Domenica, et al. CrediAvenue L.L.C., Danbury. Prop- tor: JPMorgan Chase Bank N.A., erty: 17 Griffing Ave., Danbury. Mendota Heights, Minn. Property: Amount: $265,000. Filed Aug. 5.

41 Webster Road, Stamford. Mortgage default. Filed July 30.

Ashe, Barbara J., Riverside. Seller: Hudson City Savings Bank, Para- Ferrell, William G., et al. Credimus, N.J. Property: 107 E. Elm St., tor: Deutsche Bank National Trust, Greenwich. Amount: $590,000. trustee, West Palm Beach, Fla. PropFiled Aug. 1. erty: 9 Byram Dock St., Greenwich.

Mortgage default. Filed July 30.

Bacco, Barbara and Philip Bacco, Easton. Seller: David M. Queally, Gavela, Maria and Robert F. SerNew Smyrna Beach, Fla. Property: ricchio, et al. Creditor: JPMor24 Palmer Place, Easton. Amount: gan Chase Bank N.A., Mendota $380,000. Filed July 31.

Heights, Minn. Property: 518 Hope St., Stamford. Mortgage default.

Bag, Nicole and Laurence Bag, Filed Aug. 1.

Riverside. Seller: Coastal Construction Group L.L.C., Westport. Kelsey, Jennifer and Daniel R. Property: 130 Old Road, Westport. Bishop. Creditor: GMAC MortAmount: $1.7 million. Filed July 31. gage L.L.C., Tempe, Ariz. Property: 7A Nashville Road Extension, BethBarone, Erin K. and Edward J. el. Mortgage default. Filed Aug. 5.

Barone, West Harrison, N.Y. Seller: Jacob N. Stiassny, Stamford. Prop- Langyel, Thomas J. Creditor: Cierty: 107 Dannell Drive, Stamford. tiMortgage Inc., O’Fallon, Mo. Amount: $542,500. Filed Aug. 2.

Property: 7 Walnut Trail, Danbury.

Mortgage default. Filed Aug. 5.

Baroska, Megan Patricia and Macvicar August Ramont, Stam- Lebovitz, Amanda and James ford. Seller: Gary Gerard, Wilton. Lebovitz. Creditor: CitiMortgage, Property: 82 Musket Ridge Road, Inc., O’Fallon, Mo. Property: 2A Wilton. Amount: $680,000. Filed Jeanette Road, Unit 7, Danbury.

Aug. 1.

Mortgage default. Filed Aug. 5.

Barrette, Frances M., Old Greenwich. Seller: Lori Dombroski, Stratford. Property: 54 McClean Ave., Stamford. Amount: $427,300. Filed Aug. 2.

Limdblom, Lynda G. Creditor: CitiMortgage, Inc., O’Fallon, Mo. Property: 10 Sunnyview Terrace, Newtown. Mortgage default. Filed July 31.

on the record Men, Kosal Creditor: Union Savings Bank, Danbury. Property: 5 Crestdale Drive, Danbury. Mortgage default. Filed Aug. 5.

Bertrand, Robert N., Norwalk. $13,553.87, in favor of American Express Bank F.S.B., New York City, by Benjamin P. Mann, Enfield.

Property: 90 Fawn Ridge Lane, Norwalk. Filed July 29.

Seabury, Barbara D. and Gregg W. Seabury. Creditor: CitiMortgage Inc., O’Fallon, Mo. Property: 23 Bibuld, Jerome, Danbury. $10,466, Griffing Ave., Danbury. Mortgage in favor of Danbury Hospital, Dandefault. Filed Aug. 5. bury, by V. Michael Simko Jr., Shelton. Property: 95 Stadley Rough Road, Danbury. Filed July 31.

Treadwell, Leonora R. and Michael J. Treadwell. Creditor: First County Bank, Stamford. Property: Bourdeau, Cheryl, Fairfield.

12 Howes Lane, Redding. Mortgage $3,245.20, in favor of Portfolio Redefault. Filed July 31. covery Associates L.L.C., Norfolk, Va., by Joseph M. Tobin, New Haven. Property: 210 N. Pine Creek Vega, Wendy and Wilfredo Vega, Road, Fairfield. Filed Aug. 5. et al. Creditor: Wells Fargo Bank N.A., Frederick, Md. Property: 48 Jeanette Drive, Danbury. Mortgage Castagnazzi, Tony, Westport. default. Filed Aug. 5. $2,106.96, in favor of Cavalry SPV I L.L.C., Valhalla, N.Y., by Joseph M. Tobin, New Haven. Property: 3 Oakview Lane, Westport. Filed July 31.

FORECLOSURES

BY SALE

Astoria Federal Savings and Loan Association, Lake Zurich, Ill. Appointed Committee: Raymond W. Ganim, Stratford. Property: 43 Blackmount Lane, Fairfield.

Amount: $390,000. Docket no.

09cv6004386S. Filed July 31.

CitiMortgage Inc., O’Fallon, Mo. Appointed Committee: J. Timothy Deakin, Danbury. Property: 45 Pocono Lane, Danbury. Amount: $328,564.30. Docket no. DBD 08cv5003975S. Filed Aug. 5.

OneWest Bank FSB, Austin, Texas.

Appointed Committee: Frederic S. Ury, Fairfield. Property: 23 Ross Hill Road, Fairfield. Amount: $325,000.

Docket no. FBT 12cv6025273S. Filed Aug. 2.

JUDGMENTS Ali, Khaled, Stratford. $10,484.70, in favor of Midland Funding L.L.C., San Diego, Calif., by Robert E. Johnson, East Hartford. Property: 58 Second Ave., Stratford. Filed Aug. 1.

Ferreira, Nelson, Danbury. $895.05, in favor of Danbury Hospital, Danbury, by Robert L. Peat, Danbury. Property: 12 Horseshoe Drive, Danbury. Filed July 31.

Kellog, Sally, Norwalk. $14,622.30, in favor of Alan R. Spierer, Westport. Property: 4 Lewis St., Norwalk. Filed July 29.

Ferro, Alex W., Monroe. $691.95, in favor of Capital One Bank N.A., Richmond, Va., by Russell L. London, Newington. Property: 29 Colonial Drive, Monroe. Filed July 31.

Kestler, Charles, Shelton. $575.50, in favor of HOP Energy L.L.C. d.b.a. Kaufman Fuel, Bridgeport, by William G. Reveley, Vernon. Property: 184 Meadows St., Shelton.

Filed July 31.

Fieber, Susan M., Darien. $2,153.11, in favor of Dominick Fuel Inc., Norwalk, by Philip H. Monogan, Waterbury. Property: 566 Hoyt St., Darien. Filed July 19.

Kozek, Deborah L., Newtown. $7,418.66, in favor of Cach L.L.C., Denver, Colo., by Joseph M. Tobin, New Haven. Property: 23 Housatonic Drive, Sandy Hook. Filed July 30.

Fields, David, Brookfield. $549.05, in favor of Danbury Hospital, Danbury, by Robert L. Peat, Danbury.

Property: 5 Allen Road, Brookfield.

Filed July 31.

Ladyko, Brian, Trumbull. $4,030.55, in favor of Capital One Bank N.A., Richmond, Va., by Russell L. London, Newington. Property: 83 Sunnycrest Road, Trumbull.

Filed Aug. 1.

Gawronski, Dion, Bethel. $607.65, in favor of Danbury Hospital, DanCayer, Maurice A., Shelton. bury, by Robert L. Peat, Danbury. $2,192.34, in favor of Cach L.L.C., Property: 24 Sky Edge Drive, BethDenver, Colo., by Joseph M. Tobin, el. Filed July 31.

New Haven. Property: 8 Buddington Park, Shelton. Filed Aug. 5.

Glen, Ian, Bethel. $1,241.71, in favor of Danbury Hospital, Danbury, Chau, Yung F., Fairfield. $2,968.44, by Robert L. Peat, Danbury. Propin favor of Cach L.L.C., Denver, erty: 201 Old Hawleyville Road, Colo., by Joseph M. Tobin, New Bethel. Filed July 31.

Haven. Property: 69 Deerfield St., Fairfield. Filed Aug. 5.

Hamernick, Richard, Darien. $7,258.99, in favor of Midland Connell, Barry, Bethel. $1,512, in Funding L.L.C., San Diego, Calif., favor of Western Connecticut Med- by Robert E. Johnson, East Hartical Group, Danbury, by Robert E. ford. Property: 31 Locust Hill Road, Johnson, East Hartford. Property: Darien. Filed July 19.

29 Benedict Road, Bethel. Filed Aug. 2.

Hardison, Tanisha, Stratford. $883.49, in favor of Precision ReCullen, David L., Fairfield. covery Analytics Inc., Hawthorne, $3,564.46, in favor of Cach L.L.C., N.Y., by Joseph M. Tobin, New HaDenver, Colo., by Joseph M. Tobin, ven. Property: 155 Mary Ave., StratNew Haven. Property: 142 Grand- ford. Filed Aug. 5. view Road, Fairfield. Filed Aug. 5.

Dann, John, Bethel. $990.87, in favor of Danbury Hospital, Danbury,

by Robert L. Peat, Danbury. Property: 104 Plumtrees Road, Bethel.

Filed July 31.

Darcanelo, Carole, Brookfield. $2,568.45, in favor of Portfolio ReBacon, Edward Jr., Bethel. covery Associates L.L.C., Norfolk, $5,099.73, in favor of Capital One Va., by Joseph M. Tobin, New HaN.A., Glen Allen, Va., by Robert E. ven. Property: 5 D’Arcangelo Drive, Johnson, East Hartford. Property: Brookfield. Filed Aug. 5.

60 Taylor Ave., Bethel. Filed Aug. 2.

Hicks, Brandon M., Brookfield. $4,201.06, in favor of Cach L.L.C., Denver, Colo., by Joseph M. Tobin, New Haven. Property: 28 Forest Lane, Brookfield. Filed Aug. 5.

Hunt, Lancelot H., Stratford. $10,805.66, in favor of Cach L.L.C., Denver, Colo., by Joseph M. Tobin, New Haven. Property: 910 Riverton Terrace, Stratford. Filed Aug. 5.

Lal, Goverdhan, Norwalk. $16208.02, in favor of Cavalry SPV I L.L.C., Valhalla, N.Y., by Joseph M. Tobin, New Haven. Property: 8 Donna Drive, Norwalk. Filed July 26.

Lozada, Stephanie, Stratford. $6,247.59, in favor of Cavalry SPV I L.L.C., Valhalla, N.Y., by Joseph M. Tobin, New Haven. Property: 31 Avon St., Stratford. Filed Aug. 5.

Macmillan, Brenda, Ridgefield. $1,166.89, in favor of Danbury Hospital, Danbury, by Robert L. Peat, Danbury. Property: 11 Boulder Hill Road, Ridgefield. Filed July 26.

Massaro, Christopher, Monroe. $6,629.72, in favor of Midland Funding L.L.C., San Diego, Calif.,

by Robert E. Johnson, East Hartford. Property: 26 Lazy Brook Road, Monroe. Filed Aug. 2.

McDonald, Elizabeth, Ridgefield. $19,860.52, in favor of Portfolio Recovery Associates L.L.C., Norfolk, Va., by Joseph M. Tobin, New Haven. Property: 167 Mountain Road, Ridgefield. Filed Aug. 5.

McGowan, Francis III, Norwalk. $1,984.08, in favor of Equable Ascent Financial L.L.C., Northbrook, Ill., by Robert E. Johnson, East Hartford. Property: 82 Weed Ave., Norwalk. Filed July 26.

Hunt, Robert J., Bethel. $1,106.15, in favor of Cavalry SPV I L.L.C., Ek, James E., Brookfield. $1,583.47, Valhalla, N.Y., by Joseph M. Tobin, Mihailin, George T., New Fairfield.

Bardin, John G., Danbury. in favor of Portfolio Recovery As- New Haven. Property: 28 Topstone $10,173.24, in favor of Capital One $626.39, in favor of Cavalry SPV I sociates L.L.C., Norfolk, Va., by Drive, Bethel. Filed July 31.

Bank N.A., Richmond, Va., by RusL.L.C., Valhalla, N.Y., by Joseph M. Joseph M. Tobin, New Haven. sell L. London, Newington. PropTobin. Property: 47 Spruce Moun- Property: 104 Obtuse Road South, erty: 73 Rita Drive, New Fairfield. tain Road, Danbury. Filed Aug. 5.

Brookfield. Filed July 30.

Filed Aug. 1.

Montenegro, Luis A., Danbury. $7,921, in favor of Danbury Hospital, Danbury, by V. Michael Simko Jr., Shelton. Property: 22 Locust Ave., Danbury. Filed Aug. 1.

Pillius Barbara a.k.a. Barbara Elste, Danbury. $5,846.41, in favor of Cach L.L.C., Denver, Col., by Joseph M. Tobin, New Haven. Property: 11 Pocono Lane, Danbury.

Filed Aug. 5.

Morin, Cynthia, Brookfield. $6,302.84, in favor of Cavalry SPV I L.L.C., Valhalla, N.Y., by Joseph M. Tobin, New Haven. Property: 4 Jackson Drive, Brookfield. Filed July 31.

Pinto, Andrea, Easton. $3,651.46, in favor of Cavalry SPV I L.L.C., Valhalla, N.Y., by Joseph M. Tobin, New Haven. Property: 12 The Circle, Easton. Filed Aug. 5.

Murnin, James P., Fairfield. $14,486.82, in favor of Asset Acceptance L.L.C., Warren, Mich., by Joseph M. Tobin, New Haven. Property: 25 Millspaugh Drive, Fairfield.

Filed July 31.

Quito, Adela, Fairfield. $2,698.59, in favor of Portfolio Recovery Associates L.L.C., Norfolk, Va., by Joseph M. Tobin, New Haven. Property: 110 Stratfield Road, Fairfield.

Filed July 30.

Murphy, Frederick, Bethel. $520.86, in favor of Danbury Hospital, Danbury, by Robert L. Peat, Danbury. Property: 3 Long Hill Road, Bethel. Filed July 31.

Raphael, Laurie, Danbury. $2,577.60, in favor of Unifund Corp., Cincinnati, Ohio, by Joseph M. Tobin, New Haven. Property: 40 Maplewood Drive, Danbury. Filed July 30.

Nagle, Jean, Danbury. $401.05, in favor of Danbury Hospital, Danbury, by Robert L. Peat, Danbury.

Property: 12 Sunrise Road, Danbury. Filed July 31.

Robbins, Joyce, Danbury. $336.04, in favor of Danbury Office of Physical Services Anesthesia, East Syracuse, N.Y. Property: by Robert E. Johnson, East Hartford. Property: 122 Great Plain Road, Danbury.

Nuzzolo, Frank, Stratford. Filed Aug. 5. $8,767.19, in favor of Midland Funding L.L.C., San Diego, Calif., Jan, Newtown.

by Robert E. Johnson, East Hart- Sansevera, ford. Property: 232 Boxeler Lane, $4,454.61, in favor of Unifund Corp., Cincinnati, Ohio, by Joseph Unit B, Stratford. Filed Aug. 1.

M. Tobin, New Haven. Property: 275 Berkshire Road, Sandy Hook.

Pardo, Maria, Stamford. $2,098.89, Filed Aug. 5. in favor of Portfolio Recovery Associates L.L.C., Norfolk, Va., by Joseph M. Tobin, New Haven. Prop- Schneider, Joyce A., Westport. erty: 15 William Terrace, Unit C, $5,927.22, in favor of Capital One Bank N.A., Richmond, Va., by RobStamford. Filed July 31. ert E. Johnson, East Hartford. Property: 241 Bayberry Lane, Westport.

Paynter, Daniel M., Newtown. Filed July 30. $12,814.57, in favor of RAB Performance Recoveries L.L.C., Paramus, N.J., by Robert E. Johnson, East Hartford. Property: 24 Palestine comPuter systems anaLysts Road, Newtown. Filed Aug. 5.

PricewaterhousecooPers, LLP has an opportunity for the following Pelham Country Homes Inc., position in Stamford, CT. Ridgefield. $27,096.77, in favor of Manager. Reqs recent exp w/in DHD Window and Doors, Monthe following: Exp w/BI solution roe, by Joseph M. Tobin, New Haprototyping & development; ven. Property: Lot 3, Map 7628, Exp w/processes & perforRidgefield. Filed Aug. 5. mance from business & technical standpoints. Travel req up to 100%. Reqs incl Bachelor’s deg Peoples United Bank, Bridgeport. in Comp Sci, Comp Info Sys, Bus $4,901.78, in favor of Draperies Inc., Info Sys, Bus Admin or rel & 6 Norwalk, by Dennic LeClerc. Propyrs recent exp. erty: 500 Shelton Ave., Huntington Mail resume to Attn: HR SSC/ Center, Shelton. Filed Aug. 5.

Talent Mgt, 4040 W. Boy Scout Blvd., Tampa, FL 33607, Ref #STAMSH. Must be legally authorized to work in the U.S. w/ out sponsorship. EOE

THE RECORDS SECTION IS NOW AVAILABLE BY DIGITAL SUBSCRIPTION. Go to westfaironline.com/buy/records-section/ for more information and to view a sample.

FAIRFIELD COUNTY BUSINESS JOURNAL • Week of August 19, 2013 23

on the record Sclafani, Lynn M., Westport. $802.24, in favor of Capital One LEASES Bank N.A., Richmond, Va., by Russell L. London, Newington. Property: 53 W. Parish Road, Westport. Park Veterinary of Norwalk L.L.C., Norwalk. Landlord: Sherief Filed Aug. 1.

M. Lawendy. Property: 152 Spoonwood Road, Norwalk. Term: five Sherwood, Emily M., Fairfield. years, commencing July 23, 2013. $1,436.60, in favor of Capital One Filed July 29.

Bank N.A., Richmond, Va., by Robert E. Johnson, East Hartford. Property: 108 Longdean Road, Fairfield. Subway Real Estate L.L.C., Milford. Landlord: National DevelopFiled Aug. 2. ment Resources L.P., Purchase, N.Y. Property: 100 Hawley Lane, HawSmajla, Debbie, Stratford. $825.47, ley Lane Mall, Trumbull. Term: 10 in favor of Cavalry Investments years, commencing June 25, 2013.

L.L.C., Valhalla, N.Y., by Joseph M. Filed Aug. 2.

Tobin, New Haven. Property: 29 William St., Stratford. Filed Aug. 5.

LIENS

Stassano, Janet (Estate) and William Stassano, Darien. $200,000, in favor of Stamford Hospital, Stamford, by F. Jerome O’Malley, New London. Property: 26 Greenwood Ave., Darien. Filed July 22.

FEDERAL TAX LIENSFILED

Acevedo, C.E. and B.R. Kritzmire, 34 Woodside Ave., Westport.

Strempski, M.B., Sherman. $42,379.31, tax debt on income $1,083.41, in favor of Capital One earned. Filed Aug. 5.

Bank N.A., Richmond, Va., by Russell L. London, Newington. Prop- Barboza, Anderson, 6 Sharon erty: 58 Big Trail, Sherman. Filed Court, Bethel. $25,109.03, tax debt July 31. on income earned. Filed Aug. 5.

Sullivan, Marc, Stamford. $4,792.01, in favor of Portfolio Recovery Associates L.L.C., Norfolk, Va., by Joseph M. Tobin, New Haven. Property: 130 Lenox Ave., Suite 31, Stamford. Filed July 31.

Barere, Joan L., 108 Rowayton Woods Drive, Norwalk. $5,917.82, tax debt on income earned. Filed July 30.

Bottone, Frank P., 44 Hiawatha Lane Extension, Westport.

Theodore, Fritz, Danbury. $26,842.45, CiVP. Filed Aug. 5. $1,348.80, in favor of Danbury Hospital, Danbury, by Robert L. Peat, Danbury. Property: 4 Silcam Bottone, Judith and Frank P. Bottone, 44 Hiawatha Lane Extension, Drive, Danbury. Filed July 31.

Westport. $8,867.39, tax debt on income earned. Filed Aug. 5.

Victoria, Fabio, Brookfield. $2,605.46, in favor of Portfolio Recovery Associates L.L.C., Nor- Braswell Galleries Inc., 20 Pulaski folk, Va., by Joseph M. Tobin, New St., Norwalk. $22,554.91, payroll Haven. Property: 114 Obtuse Road taxes and quarterly tax returns.

Filed July 30.

South, Brookfield. Filed Aug. 5.

Wenzdenise, Susan, Brookfield. $518.15, in favor of Western Connecticut Medical Group, Danbury,

by Robert L. Peat, Danbury. Property: 9 Robbins Lane, Brookfield.

Filed July 31.

Bullock, Leigh A., 6 Sunset Hill Ave., Norwalk. $36,945.42, tax debt on income earned and trust fund recovery penalty and/or excise taxes imposed. Filed July 29.

Winters, Susan, Redding. FEDERAL TAX LIENS$2,074.16, in favor of Portfolio Re- RELEASED covery Associates L.L.C., Norfolk, Va., by Joseph M. Tobin, New Haven. Property: 50 Seventy Acre Road, Cummings, Linda J. and Michael A. Cummings, 934 Daniels Farm Redding. Filed July 31.

Road, Trumbull. $23,596.97, tax debt on income earned. Filed Aug. 5.

Yerinides, Thomas, Norwalk. $3,554.90, in favor of American Express Bank F.S.B., New York City, by Gerweck, James R., 156 Fillow St., Robert E. Johnson, East Hartford. Norwalk. $23,821.01, tax debt on Property: 8 Glenwood Ave., Nor- income earned. Filed July 29. walk. Filed July 30.

Gerweck, Karen E. and James R. Gerweck, 156 Fillow St., Norwalk. $262.60, tax debt on income earned. Filed July 29.

Godina, Elaine L., Stamford. Filed

by Fauxward, Brewster, N.Y., by Andrea Hutter. Property: 48 Woodbine Road, Stamford. Amount: $18,130. Filed Aug. 2.

Abbati, Kristina and Keith L., et al., Stratford. Filed by John P. Fahey, Farmington, for Wells Fargo Bank N.A., Frederick, Md. Property: 50 Wood Ave., Stratford. Action: to foreclose a delinquent mortgage in the original principal amount of $261,000, dated December 2007.

Filed Aug. 2.

Horstmeyer, Jack R., 274 Buttery Road, New Canaan. $7,034.34, tax Goldfarb, Judith, Greenwich. Filed debt on income earned. Filed July 29. by Greenwich Landscape Contracting Co. Inc., Greenwich, by Thomas Gospodinoff. Property: 10 Kelley, Kevin F., 1 Bluff Point, Close Road, Greenwich. Amount: Alverez, Carlos, Danbury. Filed Westport. $13,712.02, tax debt on $8,603.46. Filed July 30.

by Jeffrey M. Knickerbocker, Hartincome earned. Filed Aug. 5. ford, in favor of Wells Fargo Bank N.A., Frederick, Md., 21 Stevens Hsiao, Elizabeth and Thomas Lee, Larry, 15 Scuppo Road, Unit Hsiao, Hillsborough, N.J. Filed by St., Danbury. Action: to foreclose a 1804. $31,012.02, tax debt on in- House Doctor, 1197 Fairfield Beach delinquent mortgage in the original principal amount of $360,000, come earned. Filed July 30.

Road, Fairfield. Amount: $300. dated June 2005. Filed Aug. 1.

Filed Aug. 5.

Milot, Edward W., 61 Old Ridgebury Road, Danbury. $46,381.77, Lambert, Patricia, Greenwich. Angarita, Kenny, et al., Stamford. tax debt on income earned. Filed Filed by Jennifer Kossler. Property: Filed by Jeffrey M. Knickerbocker, Hartford, for Wells Fargo Bank Aug. 5.

33 White Birch Lane, Cos Cob. N.A., Frederick, Md. Property: 39 Amount: $1,500. Filed July 31.

Glenbrook Road, Unit 4K, Stamford. Action: to foreclose a delinO’Connor, Deborah G. and Charles S. O’Connor, 12 Nathan RMS-Century Towers L.L.C., quent mortgage in the original Hale Drive, Norwalk. $37,350.18, Stamford. Filed by The Reliable principal amount of $190,400, dattax debt on income earned. Filed Automatic Sprinkler Co. Inc., El- ed November 2006. Filed July 29.

July 29. msford, N.Y., by Tulloch Townsend.

Property: 1200 and 1234 Summer Barbera, Marta and Richard E. O’Connor, Deborah G. and St., Stamford. Amount: $20,177.69. Barbera, Stamford. Filed by Adrienne Roach, Hartford, for Bank Charles S. O’Connor, 12 Nathan Filed Aug. 2. of America N.A., Charlotte, N.C. Hale Drive, Norwalk. $121,356.60, tax debt on income earned. Filed Sciavi, Marie Isabelle and An- Property: 74 Webb Ave., Stamford.

July 29. dres J. Recoder, Greenwich. Filed Action: to foreclose a delinquent

by Elhannon Wholesale Nursery mortgage in the original principal amount of $385,725, dated SepPerez, Henry, 68 Winfield St., First Inc., Petersburgh, N.Y., by James tember 2009. Filed July 30.

D. Sutton.

Property: 38 Cedarwood floor, Norwalk. $22,089.44, tax debt Drive, Greenwich. Amount: $6,050. on income earned. Filed July 29.

Filed July 30.

Belinkie, Diane, et al., Trumbull.

Filed by Karen E. McArthur, ArRidgefield Overhead Doors L.L.C., monk, N.Y., for U.S Bank N.A., P.O. Box 928, Ridgefield. $7,952.83, Stratford Hospitality L.L.C., trustee, Salt Lake City, Utah. PropStratford.

Filed by Ehrler Consultpayroll taxes. Filed Aug. 5. ing, Fresh Meadows, N.Y., by Rob- erty: 19 Walker Road, Trumbull. ert P. Ehrler. Property: 225 Lordship Action: to foreclose a delinquent Stewart, Robert A., 50 Highland Blvd., Stratford. Amount: $25,000. mortgage in the original principal amount of $350,000, dated DecemRoad, Old Greenwich. $714,080.26, Filed Aug. 2. ber 2006. Filed Aug. 5. tax debt on income earned. Filed July 30.

Bicalho, Silvio G., Stamford.

MECHANIC’S LIENSFiled by Jeffrey M. Knickerbocker, Tracy, Marjory, 12 Crestwood RELEASED Hartford, for CitiMortgage Inc., Drive, Easton. $27,996.30, tax debt O’Fallon, Mo. Property: 12 Helen on income earned. Filed Aug. 2.

Hallett, Laura R. and Michael D. Place, Stamford. Action: to foreHallett, Westport. Filed by M D close a delinquent mortgage in Zucker, Barbara L. and Mark S. Drilling & Blasting Inc., Auburn, the original principal amount of Zucker, 7 Covlee Drive, Westport. N.H., by Joshua Wernig. Property: $367,000, dated August 2006. Filed $38,631.94, tax debt on income 7 Elwil Drive, Westport. Amount: July 30. earned. Filed Aug. 5. $5,814. Filed July 31.

Bilello, Dana and Nicholas A. Hawley Lane Medical Center, Bilello Jr., Redding. Filed by AdriMECHANIC’S LIENSStratford. Filed by Prime Com- enne Roach, Hartford, for Wells mercial Realty L.L.C., Newtown, by Fargo Bank N.A., Frederick, Md. FILED Chuck Saber. Property: 495 Hawley Property: 66 Great Pasture Road, Lane, Stratford. Amount: $105,004. Redding, Action: to foreclose a Capital One Bank N.A., Ridge- Filed July 31. delinquent mortgage in the origifield. Filed by Costigan Builders, by nal principal amount of $444,000, Patrick Costigan. Property: 6 Wadated June 2006. Filed Aug. 1. ters Edge Way, Ridgefield. Amount: LIS PENDENS $423,500. Filed July 26.

Black, Launia Burton and David 759 Atlantic L.L.C., et al., Stam- Morey, et al., Stratford. Filed by Gidez, Louise Bayly and Chris- ford. Filed by Christian W. Bujdud, Jeffrey M. Knickerbocker, Hartford, topher Gidez, Fairfield. Filed by Stamford, for John J. Zeiss Jr. Prop- for OneWest Bank F.S.B., Pasadena, Jaro Danc L.L.C., Stamford, by Jaro erty: 749 to 753 Atlantic St., Stam- Calif. Property: 180 Garibaldi Ave., Danc. Property: 51 Eunice Ave., ford, Action: to foreclose a delin- Stratford, Action: to foreclose a Fairfield. Amount: $8,400. Filed quent mortgage, dated September delinquent mortgage in the origi2007. Filed July 30.

Aug. 5. nal principal amount of $292,500, dated July 2009. Filed July 30.

24 Week of August 19, 2013 • Fairfield County Business Journal

Bliss, Heather and Lynda Valiente, et al., Westport. Filed by Jason E. Brooks, Stamford, for Deutsche Bank Trust Co., New York City.

Property: 95 Saugatuck Ave., Westport. Action: to foreclose a delinquent mortgage in the original principal amount of $464,000, dated June 2006. Filed Aug. 2.

BP Summer Street L.L.C., et al., Stamford. Filed by Steven M. Richard, Providence, R.I., for U.S Bank N.A., trustee, Salt Lake City, Utah.

Property: Map 13892, Stamford.

Action: to foreclose a delinquent mortgage in the original principal amount of $17 million, dated July 2007. Filed Aug. 2.

Britto, Steven M., Trumbull. Filed

by Karen E. McArthur, Armonk, N.Y., for JPMorgan Chase Bank N.A., Columbus, Ohio. Property: 5596 Main St., Trumbull. Action: to foreclose a delinquent mortgage in the original principal amount of $270,000, dated October 2005.

Filed Aug. 5.

Brooks, Laren C., et al., Shelton.

Filed by Karen E. McArthur, Armonk, N.Y., for HSBC Bank USA N.A., Buffalo, N.Y. Property: 8 to 10 Bridgeport Ave., Shelton. Action: to foreclose a delinquent mortgage in the original principal amount of $150,000, dated October 2006.

Filed Aug. 5.

Brown, Coleta, et al., Stratford.

Filed by Kristen Boyle, Hartford, for Bank of America N.A., Charlotte, N.C. Property: 73 Wiklund Ave., Stratford. Action: to foreclose a delinquent mortgage in the original principal amount of $205,300, dated April 2007. Filed Aug. 2.

Castillo Alvarado, Gloria S. and Mauricio Alvarado, et al., Stamford. Filed by Paul Lewis Otzel, Milford, for U.S Bank N.A., trustee, Salt Lake City, Utah. Property: 57 Warren St., Stamford. Action: to foreclose a delinquent mortgage in the original principal amount of $454,000, dated September 2005.

Filed July 29.

Chatlos, Amy and Ronald Joseph Chatlos, et al., Stratford. Filed by Anna Gersham, Armonk, N.Y., for Deutsche Bank Trust Co., New York City. Property: 316 Birdseye St., Stratford. Action: to foreclose a delinquent mortgage in the original principal amount of $175,000, dated May 2006. Filed Aug. 2.

Conner, Richard, et al., New Canaan. Filed by Simon Sumberg, Norwalk, for Oenoke Association Inc., New Canaan. Property: 83 Heritage Hill Road, Unit 83B, New Canaan. Action: to foreclose on an association lien. Filed July 31.

on the record Cormier, William, Stratford. Filed

by Marisa M. Engel, Milford, for Nationstar Mortgage L.L.C., Lewisville, Texas. Property: 35 Pond St., Stratford. Action: to foreclose a delinquent mortgage in the original principal amount of $228,000, dated January 2007. Filed Aug. 5.

Cronk, Hisayo and Leonard Cronk, et al., Darien. Filed by Jason E. Brooks, Stamford, for Citibank N.A., Sioux Falls S.D. Property: 110 Leroy Ave., Darien. Action: to foreclose a delinquent mortgage in the original principal amount of $782,600, dated June 2006. Filed July 22.

Cummaro, Toni M. and Michael J. Cummaro, Stamford. Filed by Erik Loftus, East Hartford, for Wells Fargo Bank N.A., Frederick, Md. Property: 28 Munko Drive, Stamford.

Action: to foreclose a delinquent mortgage in the original principal amount of $897,000, dated May 2009. Filed Aug. 1.

Cutuli, Pamela M. and John W. Cutuli, et al., Norwalk. Filed, for Wells Fargo Bank N.A., Frederick, Md. Property: 40 Senga Road, Norwalk. Action: to foreclose a delinquent mortgage, dated February 2002. Filed July 29.

D’Andrea, Kevin, et al., Stamford.

Filed by Christopher R. Thompson, Farmington, for Nationstar Mortgage L.L.C., Lewisville, Texas. Property: 241-15 Hamilton Ave., Unit 78, Stamford. Action: to foreclose a delinquent mortgage in the original principal amount of $308,000, dated May 2007. Filed Aug. 2.

Darragh, Patricia M., et al., Shelton. Filed by Anna Gersham, Armonk, N.Y., for U.S Bank N.A., trustee, Salt Lake City, Utah. Property: Action: to foreclose a delinquent mortgage in the original principal amount of $195,500, dated December 2006. Filed July 31.

Day, Elizabeth S. and Christopher Day, Ridgefield. Filed by Christopher R. Thompson, Farmington, for U.S Bank N.A., trustee, Salt Lake City, Utah. Property: 11 Evergreen Place, Ridgefield. Action: to foreclose a delinquent mortgage in the original principal amount of $590,000, dated May 2006. Filed Aug. 5.

De Fosche, Joanne and Christopher L. De Fosche, et al., Easton.

Filed by Jeffrey M. Knickerbocker, Hartford, for Wells Fargo Bank N.A., Frederick, Md. Property: 40 Fairview Ave., Easton/Trumbull.

Action: to foreclose a delinquent mortgage in the original principal amount of $352,542, dated December 2006. Filed Aug. 1.

France, Dorice A., et al., Shelton.

Filed by Joshua Pedreira, Hartford, for Wells Fargo Bank N.A., Frederick, Md. Property: 20 Angell Ave., Shelton. Action: to foreclose a delinquent mortgage in the original principal amount of $108,000, dated May 2003. Filed Aug. 1.

Glenges, Paula and Dean Glenges, et al., Stamford. Filed by Erik Delgardo, Joan F. and Joseph J. Loftus, East Hartford, for Wells Delgardo, et al., Stratford. Filed Fargo Bank N.A., Frederick, Md.

by Joshua Pedreira, Hartford, for Property: 230 Sycamore Terrace, Bank of America N.A., Charlotte, Stamford. Action: to foreclose a N.C. Property: 1141 South Ave., delinquent mortgage in the origiStratford. Action: to foreclose a nal principal amount of $442,000, delinquent mortgage in the origi- dated June 2004. Filed July 29. nal principal amount of $222,589, dated April 2007. Filed Aug. 1.

Greenberg, Dawn M. and Jordan A., et al., Fairfield. Filed by LauraDipreta, Laura and Dennis Ja- marie Sirois, Farmington, for Stone woroski, et al., Stamford. Filed by Ridge at Fairfield Condo AssoChristopher R. Thompson, Farm- ciation Inc., Fairfield. Property: 100 ington, for JPMorgan Chase Bank Stone Ridge Way, Unit 3C, Fairfield.

N.A., Columbus, Ohio. Property: Action: to foreclose on an associa109 Dunn Ave., Stamford. Action: tion lien. Filed Aug. 2. to foreclose a delinquent mortgage, dated February 1998. Filed Aug. 2.

Haynes, Veronica L. and Hiroyuki Nagata, Norwalk. Filed by KrisEsposito, Maria and Anthony ten Boyle, Hartford, for JPMorgan Esposito, et al., Monroe. Filed Chase Bank N.A., Columbus, Ohio.

by Joshua Pedreira, Hartford, for Property: 57 Ferris Ave., Norwalk.

Wells Fargo Bank N.A., Frederick, Action: to foreclose a delinquent Md. Property: 244 Webb Circle, mortgage, dated March 2011. Filed Monroe. Action: to foreclose a de- July 30. linquent mortgage in the original principal amount of $435,000, Hellman, Maria and Eugene dated June 2005. Filed Aug. 2.

Hellman, et al., Danbury. Filed by Adrienne Roach, Hartford, for The Faustin, Marie Carole, et al., Bank of New York Mellon, trustee, Norwalk. Filed by Christopher R. New York City. Property: 8 Rose Thompson, Farmington, for Bank Lane, Unit 18-8, Danbury. Action: of America N.A., Charlotte, N.C. to foreclose a delinquent mortgage Property: 74 Woodward Ave., Nor- in the original principal amount walk. Action: to foreclose a delin- of $190,000, dated May 2004. Filed quent mortgage, dated December July 30.

2005. Filed July 31.

Ferguso, Kinsey B. and Wright Ferguso, et al., Darien. Filed by Adrienne Roach, Hartford, for U.S Bank N.A., trustee, Salt Lake City, Utah. Property: 74 Gardiner St., Darien. Action: to foreclose a delinquent mortgage in the original principal amount of $1.07 million, dated April 2005. Filed July 18.

Ferreira, Idalina S. and Jose M. Ferreira, et al., Danbury. Filed by Mario R. Arena, Hartford, for Wells Fargo Bank N.A., Frederick, Md. Property: 51 Pleasant St., Danbury.

Action: to foreclose a delinquent mortgage in the original principal amount of $277,000, dated August 2007. Filed July 30.

Hernandez, Deborah and Michael G. Hernandez, et al., Danbury. Filed by Michael S. Alexander, Hamden, for Lions Condominium Association Inc., Danbury. Property: 126 Triangle St., Unit 18B, Danbury. Action: to foreclose on unpaid common charges. Filed Aug. 5.

Jones, Jennifer, et al., Newtown.

Filed by Mario R. Arena, Hartford, for Nationstar Mortgage L.L.C., Lewisville, Texas. Property: 7 Lovells Lane, Newtown. Action: to foreclose a delinquent mortgage in the original principal amount of $321,700, dated June 2006. Filed July 30.

Low Land Associates L.L.C., et al., Darien. Filed by Brian A. Daley and Gary S. Klein, Stamford, for Sara Lisa Bush. Property: 50 Old Kings Highway North, Darien. Action: to foreclose a delinquent mortgage in the original principal amount of $100,000, dated October 2006.

Filed July 25.

Mencarelli, Cynthia G. and Robert G. Mencarelli, et al., Stratford.

Filed by Erik Loftus, East Hartford, for Wells Fargo Bank N.A., Frederick, Md. Property: 5 Prospect Drive, Stratford. Action: to foreclose a delinquent mortgage in the original principal amount of $125,000, dated April 2004. Filed July 30.

Jonson, Dana A. and Brett R. Steen, et al., Bethel. Filed by Kristen Boyle, Hartford, for Ocwen Loan Servicing L.L.C., West Palm Beach, Fla. Property: 13 Starr Lane, Bethel.

Action: to foreclose a delinquent mortgage in the original principal amount of $417,000, dated May 2008. Filed July 30.

Lynott, Marion and Niall O’Neill, et al., Easton. Filed by Adrienne Roach, Hartford, for M&T Bank, New York City. Property: 32 Fairview Ave., Easton/Trumbull. Action: to foreclose a delinquent mortgage in the original principal amount of $392,000, dated April 2007. Filed Aug. 1.

Mendoza, Margaret W., Stratford.

Filed by Erik Loftus, East Hartford, for Nationstar Mortgage L.L.C., Lewisville, Texas. Property: 451 Birdseye St., Stratford. Action: to foreclose a delinquent mortgage in the original principal amount of $225,000, dated March 2006. Filed July 30.

Jurkowski, Magdalene and Artur Jurkowski, et al., Shelton. Filed by Jeffrey M. Knickerbocker, Hartford, for Bank of America N.A., Charlotte, N.C. Property: 16 Shady Brook Lane, Shelton. Action: to foreclose a delinquent mortgage in the original principal amount of $281,581, dated July 2008. Filed July 30.

Lyons, Robin M., et al., Stamford.

Filed by Jeffrey M. Knickerbocker, Hartford, for Nationstar Mortgage L.L.C., Lewisville, Texas. Property: 85 Lindale St., Unit 7, Stamford.

Action: to foreclose a delinquent mortgage in the original principal amount of $328,000, dated October 2006. Filed Aug. 1.

Mercado, Nilza and Elvin Mercado, Trumbull. Filed by Paul Lewis Otzel, Milford, for Nationstar Mortgage L.L.C., Lewisville, Texas.

Property: 273 Daniels Farm Road, Trumbull. Action: to foreclose a delinquent mortgage in the original principal amount of $436,073, dated April 2009. Filed Aug. 1.

Maglione, Lorraine M. and David B. Maglione, et al., Stratford. Filed

by Sonja J. Straub, Farmington, for CitiMortgage Inc., O’Fallon, Mo. Property: 95 Masarik Ave., Stratford. Action: to foreclose a delinquent mortgage in the original principal amount of $175,000, dated November 2005. Filed Aug. 2.

Merrick, Richard and Craig Lewis, Danbury. Filed by Walter M. Spader, North Branford, for MTAG Caz Creek CT L.L.C. and MTAG Services L.L.C. Property: 18 Eden Drive, Danbury. Action: to foreclose a statutory lien on this unit.

Filed July 30.

Kostrzewski, Judith J. and Walter Kostrzewski, et al., Darien. Filed

by Erik Loftus, East Hartford, for U.S Bank N.A., trustee, Salt Lake City, Utah. Property: 7 Revere Road, Darien. Action: to foreclose a delinquent mortgage in the original principal amount of $733,000, dated February 2006. Filed July 29.

Lambert, Albert W., et al., Stratford. Filed by Sonja J. Straub, Farmington, for Wells Fargo Bank N.A., Frederick, Md. Property: 77 River Bend Road, Unit B, Stratford.

Action: to foreclose a delinquent mortgage in the original principal amount of $2,822, dated February 2006. Filed Aug. 2.

Lisinicchia, Cynthia and Keith A. Lisinicchia, et al., Stamford. Filed

by Erik Loftus, East Hartford, for Wells Fargo Bank N.A., Frederick, Md. Property: 19 Shelter Rock Road, Stamford. Action: to foreclose a delinquent mortgage in Jepsen, Laurie A. and David H. the original principal amount of Jepsen, Stratford. Filed by Jeffrey $417,000, dated March 2009. Filed M. Knickerbocker, Hartford, for Aug. 1.

Bank of America N.A., Charlotte, N.C. Property: 55 Peacock Drive, Stratford. Action: to foreclose a Lourenca, Linda J., et al., Danbury. delinquent mortgage in the origi- Filed by Adrienne Roach, Hartnal principal amount of $373,595, ford, for Bank of America N.A., dated May 2009. Filed July 30.

Charlotte, N.C. Property: 23 Lake View Drive, Danbury. Action: to foreclose a delinquent mortgage in the original principal amount of $220,800, dated April 2007. Filed July 30.

Maksymiw, Debra J. and Stephen M. Maksymiw, New Fairfield. Filed

by Lisa L. Buzaid, New Milford, for Union Savings Bank, Danbury.

Property: 38 Middleton Drive, New Fairfield. Action: to foreclose a delinquent mortgage in the original principal amount of $200,000, dated January 2010. Filed Aug. 5.

Miller, Karen A., et al., Stratford.

Filed by Kristen Boyle, Hartford, for Nationstar Mortgage L.L.C., Lewisville, Texas. Property: 925 South Ave., Stratford. Action: to foreclose a delinquent mortgage in the original principal amount of $86,000, dated January 2003. Filed Aug. 2.

Miller, Marybeth D. and Christopher J. Miller, et al., Stratford. Filed Materia, Angelo; Salvatore Mate- by Sonja J. Straub, Farmington, for ria; Stefano Materia and Vincenzo Federal National Mortgage AssociMateria, Greenwich. Filed by Sonja ation, Washington, D.C. Property: J. Straub, Farmington, for Wells 90 Orchard Hill Drive, Stratford.

Fargo Bank N.A., Frederick, Md. Action: to foreclose a delinquent Property: 1194 King St., Greenwich. mortgage in the original principal Action: to foreclose a delinquent amount of $285,000, dated July mortgage, dated March 2005. Filed 2006. Filed Aug. 1.

July 31.

Mele, Luciane and Michael Mele; and Maria A. and Giulianno E. Albor, Stratford. Filed by Erik Loftus, East Hartford, for PNC Bank N.A., Pittsburgh, Pa. Property: 53 to 55 Fairview Ave., Stratford. Action: to foreclose a delinquent mortgage in the original principal amount of $383,750, dated April 2009. Filed July 30.

Muccioli, Joy, et al., Danbury. Filed

by Christopher K. Leonard, Danbury, for Gaslight Village Condominium Association Inc., Danbury.

Property: 7 Dean St., Unit 207, Danbury. Action: to foreclose a statutory lien on this unit. Filed July 30.

THE RECORDS SECTION IS NOW AVAILABLE BY DIGITAL SUBSCRIPTION. Go to westfaironline.com/buy/records-section/ for more information and to view a sample.

FAIRFIELD COUNTY BUSINESS JOURNAL • Week of August 19, 2013 25

on the record Murphy, Erica and Craig Fenton, et al., Danbury. Filed by Joshua Pedreira, Hartford, for Nationstar Mortgage L.L.C., Lewisville, Texas.

Property: 64 Hillandale Road, Danbury. Action: to foreclose a delinquent mortgage in the original principal amount of $264,000, dated October 2006. Filed July 30.

Nappi, Daniel, et al., New Fairfield. Filed by Adrienne Roach, Hartford, for Nationstar Mortgage L.L.C., Lewisville, Texas. Property: 1 Fair Lane, New Fairfield. Action: to foreclose a delinquent mortgage in the original principal amount of $194,800, dated April 2005. Filed July 30.

Orell, Barbara and Jarl Orell, Redding. Filed by Kristen Boyle, HartMoRTGaGES ford, for JPMorgan Chase Bank N.A., Columbus, Ohio. Property: 38 Cross Highway, Redding. Action: commErciaL to foreclose a delinquent mortgage in the original principal amount of $290,000, dated September 2005. 23 Westfair L.L.C., Norwalk, by Paul Falzone. Lender: Fairfield County Filed Aug. 1.

Savings Bank, Fairfield. Property: 23 Westfair Drive, Westport. Amount: Oxman, Patricia Funt, et al., New $811,000. Filed Aug. 1.

Canaan. Filed by Mario R. Arena, Hartford, for Bank of America N.A., Charlotte, N.C. Property: Beachside Commons L.L.C., 277 Davenport Ridge Road, New Westport, by Richard Grimaldi.

Canaan. Action: to foreclose a de- Lender: Fairfield County Bank, linquent mortgage in the original Ridgefield. Property: 1090 Reef principal amount of $300,000, dat- Road, Fairfield. Amount: $1 million. Filed Aug. 1. ed August 2004. Filed Aug. 1.

Nedder, Jane R. and Michael T. Nedder, Darien. Filed by Sonja J. Straub, Farmington, for Bank of America N.A., Charlotte, N.C. Property: 7 Dew Lane, Darien.

Action: to foreclose a delinquent mortgage in the original principal amount of $1.4 million, dated February 2006. Filed July 30.

Paltauf, Raymond C. and Robert J. Paltauf, Redding. Filed by Loren M. Bisberg, Farmington, for JPMorgan Chase Bank N.A., Columbus, Ohio. Property: 57B Olmstead Road, Redding. Action: to foreclose a delinquent mortgage in the original principal amount of $315,000, dated October 2006. Filed Aug. 5.

Nguyen, Kim and Loan Van Vo, et al., Danbury. Filed by Dyan M. Kozaczka, Orange, for HSBC Bank USA N.A., Buffalo, N.Y. Property: 3 Aspen Way, Danbury. Action: to foreclose a delinquent mortgage in the original principal amount of $225,000, dated January 2004. Filed Aug. 5.

Noble Holdings L.L.C., et al., Stamford. Filed by Sonja J. Straub, Farmington, for U.S Bank N.A., trustee, Salt Lake City, Utah. Property: 1528 Riverbank Road, Stamford. Action: to foreclose a delinquent mortgage in the original principal amount of $1.5 million, dated August 2006. Filed Aug. 1.

O’Grady, Sheila A., et al., Stamford. Filed by Erik Loftus, East Hartford, for OneWest Bank F.S.B., Pasadena, Calif. Property: 329 Haig Ave., Stamford. Action: to foreclose a delinquent mortgage in the original principal amount of $690,000, dated June 2009. Filed July 29.

O’Toole, George T. (Estate), et al., New Fairfield. Filed by Kristen Boyle, Hartford, for OneWest Bank F.S.B., Pasadena, Calif. Property: 17 Eldred Road, New Fairfield. Action: to foreclose a delinquent mortgage in the original principal amount of $316,500, dated March 2007. Filed Aug. 1.

Olson, George, et al., Danbury.

Filed by Marsha S. Beckford, Bridgeport, for Plymouth Park Tax Services L.L.C., Whippany, N.J. Property: 7 Sunset Ridge, Danbury. Action: to foreclose tax liens levied by the city of, Danbury. Filed Aug. 1.

CH Trap Falls Associates L.L.C., New Canaan, by Jonathan P. Garrity. Lender: Webster Bank N.A., Stamford. Property: 100 Trap Falls Road Extension, Shelton. Amount: $1.8 million. Filed July 30.

Fairfield CFD L.L.C., Los Alamitos, Calif., by Craig M. Brown. Lender: First Security Trust and Savings Penn, Jamie and Daniel Barber Jr., Bank, Elmwood Park, N.J. Propet al., Stamford. Filed by Joshua Pe- erty: 4536 Congress St., Fairfield. dreira, Hartford, for Bank of Amer- Amount: $1 million. Filed July 31. ica N.A., Charlotte, N.C. Property: 5 Peveril Road, Stamford. Action: to foreclose a delinquent mortgage Fairfield CFD L.L.C., Los Alamiin the original principal amount of tos, Calif., by Craig M. Brown. $280,000, dated March 2007. Filed Lender: Fifth Street Finance Corp., White Plains, N.Y. Property: 4536 July 29.

Congress St., Fairfield. Amount: $18 million. Filed July 31.

Pennino, Marc and Maria Pennino, et al., Easton. Filed by Adrienne Roach, Hartford, for Ocwen Greenwich Manor L.L.C., FairLoan Servicing L.L.C., West Palm field, by Pedram A. Hendizadeh.

Beach, Fla. Property: 9 Bartling Lender: Bank of Fairfield, Fairfield.

Drive, Easton. Action: to foreclose Property: 1063 Boston Post Road, a delinquent mortgage in the origi- Darien. Amount: $8 million. Filed nal principal amount of $325,000, July 19. dated December 2005. Filed July 30.

Imperial Real Estate Holdings Pepaj, Martha and Tom Pepaj, L.L.C., Rye, N.Y., by Moshira SoliStamford. Filed by Joshua Pedreira, man and Robert L. Deak. Lender: Hartford, for Pennymac Corp., First Bank of New Canaan, Cos Moorpark, Calif. Property: 30 Dora Cob. Property: 50 Urban St., New St., Stamford. Action: to foreclose a Canaan. Amount: $662,500. Filed delinquent mortgage in the original July 31. principal amount of $610,000, dated September 2006. Filed July 30.

J and J of Connecticut L.L.C., Southport, by Mina Perlesis. LendPerez, Jesse A., Danbury. Filed by er: First Niagara Bank N.A., Buffalo, Loren M. Bisberg, Farmington, N.Y. Property: 3350 Boston Post for Bank of America N.A., Char- Road, Fairfield. Amount: $575,000. lotte, N.C. Property: 9 Hager St., Filed July 30.

Danbury. Action: to foreclose a delinquent mortgage in the origi- J and J of Connecticut L.L.C., nal principal amount of $117,800, Southport, by Mina Perlesis. Lenddated February 2010. Filed Aug. 5. er: First Niagara Bank N.A., Buffalo, N.Y. Property: 3350 Boston Post Perone, Lisa and Anthony Per- Road, Fairfield. Amount: $12 milone, et al., New Canaan. Filed by lion. Filed July 30.

Adrienne Roach, Hartford, for The Bank of New York Mellon, trustee, JJPB Associates L.L.C., Danbury.

New York City. Property: 28 Sell- Lender: Webster Bank N.A., Waeck Place, New Canaan. Action: to terbury. Property: 289 White St., foreclose a delinquent mortgage Danbury. Amount: $330,000. Filed in the original principal amount Aug. 1. of $735,000, dated July 2006. Filed Aug. 1.

26 Week of August 19, 2013 • FairField County Business Journal

MMR Hope L.L.C., Stamford,

by Michael Hibbert, Michael G. Lombardo and Richard J. Smeriglio. Lender: First County Bank, Stamford. Property: 1010 Hope St., Stamford. Amount: $850,000. Filed July 30.

National One L.L.C., Stratford, by Joseph J. Mason. Lender: Peoples United Bank, Bridgeport. Property: 2563 to 2575 Main St., Stratford.

Amount: $630,000. Filed Aug. 5.

Sound Enterprises L.L.C., Wilton,

by Shelley Skopit and Damian Battersby. Lender: Bank of America N.A., Westerville, Ohio. Property: 168 Noroton Ave., Darien. Amount: $935,000. Filed July 24.

A.L.L. Digital, 20 Jelliff Mill Road, Marnicks Restaurant, 10 WashNew Canaan 06840, c/o Andrew ington Parkway, Stratford 06615, Lavyne. Filed Aug. 2. c/o Nicholas Quattone Jr. Filed July 31.

ABM-ATM Brand Management, 75 Feeley St., Stratford 06615, c/o Vazzano Four Seasons, 337 KenVictoria E. Tedesco. Filed Aug. 1. yon St., Stratford 06614, c/o Lawrence J. Laconte. Filed July 31.

Behind the Next Snackbar, 55 Old Kings Highway North, Darien Via Sforza Trattoria, 243 Post 06820, c/o William J. Ferguson. Road West, Westport 06880, c/o Filed Aug. 2.

Cantina Sforza L.L.C. Filed Aug. 1.

Blue Eyes Express & Enterprises, Windsor Package Store, 3700 40 Roosevelt Ave., Stratford 06615, Main St., Stratford 06614, c/o Mic/o Raymond Yearwood. Filed chael D. Shuler. Filed July 31.

Aug. 6.

PaTENTS

Chucks Dairy Products a.k.a.

Chucks Quality Cheese, P.O. Box Image feedforward laser power Sound Enterprises L.L.C., Wilton, 8034, New Fairfield 06812, c/o An- control for a multimirror-based

by Shelley Skopit and Damian Bat- thony J. Yorio Sr. Filed Aug. 6. high-power imager. Patent no. tersby. Lender: Bank of America 8,508,791 issued to Peter Paul, WebN.A., Westerville, Ohio. Property: Cove Cycle Shop, 914 E. Main St., ster, N.Y.; Jorge A. Alvarez, Webster, 168 Noroton Ave., Darien. Amount: Unit 14, Stamford 06901, c/o Mi- N.Y.; and Martin Edward Hoover, $165,000. Filed July 24. chael Gabriel. Filed July 30.

Rochester, N.Y. Assigned to Xerox Corp., Norwalk.

Spruce Ridge Craftsmen Inc., New Donaldson F W N, 191 Post Road Fairfield, by Joseph Reilly. Lender: West, Westport 06880, c/o William Method and apparatus for purgEagle Construction Landing L.L.C., Donaldson. Filed Aug. 1. ing and supplying ink to an Bloomfield Hills, Mich. Property: 91 inkjet printing apparatus. PatRoute 37, New Fairfield. Amount: ent no. 8,506,061 issued to Daniel $517,500. Filed July 30.

Firebelly Sound and Picture, 745 Clark Park, West Linn, Ore. AsBoston Post Road, Darien 06820, signed to Xerox Corp., Norwalk. c/o Alex Leach. Filed July 24.

Steel Gate Equity L.L.C., Andover, Mass., by James L. Vital. Lender: Method and system for printing Spencer Savings Bank, Spencer, Fitness by Sami, 90 Grove St., Suite multiple regions across a mail Mass. Property: 1370 to 1376 Bar- 206, Ridgefield 06877, c/o Sami piece. Patent no. 8,510,231issued num Ave., Stratford. Amount: Torrealba. Filed Aug. 5. to Joseph P. Tokarski, Prospect; $851,625. Filed July 31.

John A. Hurd, Lake Mary, Fla.; Fortress Preservation L.L.C., 4 Gary S. Jacobson, Norwalk; Wesley Stonewich L.L.C., Greenwich, by Wilson Ridge Road East, Darien A. Kirschner, Farmington; Robert Allison Stabile and Jesse Stone. 06820, c/o William H. Lowitz and G. Arsenault, Stratford. Assigned to Pitney Bowes Inc., Stamford.

Lender: Bank of America N.A., Daniel Spaeth. Filed July 29.

New York City. Property: 717 Riversville Road, Greenwich. Amount: Fritchcentric L.L.C., 7A Beaver Redistributing release agent us$18.4 million. Filed July 31.

Bog Road, New Fairfield 06812, c/o ing a smoothing roll in an image-forming system. Patent no.

David Kummins. Filed July 31.

8,509,665 issued to Augusto E. BarSturges Brothers Inc., Ridgefield, ton, Webster, N.Y.; and James Paduby Donald C. Sturges. Lender: Fairfield County Bank, Ridgefield. Frost Fitness, 275 Post Road East, la, Webster, N.Y. Assigned to Xerox Property: 307 Peaceable St., Ridge- Westport 06880, c/o Chris Kalisz. Corp., Norwalk. field. Amount: $1.09 million. Filed Filed Aug. 6.

Aug. 1.

Virtual repair of digital media.

NEW LIQUoR Patent no. 8,510,615 issued to Gavan Leonard Tredoux, Penfield, N.Y. CoNSTRUCTIoN LICENSES Assigned to Xerox Corp., Norwalk.

One Sasco Hill Road, Norwalk, Blue Lemon, 15 Myrtle Ave., Unit

by Scott K. Brooks. Lender: Bank 7, Westport 06880, c/o Tamsen of Fairfield, Fairfield. Property: 1 Heath Willimas. Filed Aug. 2.

Sasco Hill Road, Fairfield. Amount: $7 million. Filed Aug. 2.

Hards Corner Tavern, 1884 Main St., Stratford 06497, c/o John MoProperty Edge L.L.C., South- ran. Filed July 31. ington, by Frank Douglas Coby.

Lender: Pinnacle Financial Services L.L.C., East Windsor. Prop- Hong Kong Café, 3580 Main St., erty: 1 Little John Lane, Danbury. Stratford 06614, c/o Chuen Chuen Wong. Filed July 30.

Amount: $195,000. Filed Aug. 1.

NEW BUSINESSES 71 Pine Street Cleaners Inc., 71 Pine St., New Canaan 06840, c/o Irwin Mandel. Filed Aug. 7.

Litle Pub L.L.C., 59 Ethan Allen Highway, Ridgefield 06877, c/o Lars A. Anderson. Filed July 29.

+THIS WEEK’S

ELECTRONIC RECORDS SECTION CONTAINS:

25 more New Businesses on Westfaironline.com.

65 more residential Building Permits on Westfaironline.com.

311 more residential deeds on Westfaironline.com.

20 more federal tax Liens-filed 15 more Lis Pendens on Westfaironline.com

Business ConneCtions State Spending

eventS

What We Have in Common with Detroit

H

istorically, Connecticut has some surprising things in common with Detroit, such as the automobile industry (we were in it in 1895 with Pope Manufacturing Company’s “horseless carriages”) and early professional baseball (our 1876 Hartford Dark Blues were charter members of the National League, playing ball before the Detroit Tigers hit the field in 1894).

Today, however, comparisons to the newly bankrupt Motor City are less a cause for celebration than concern.

A report from CNBC (“Pandemic of pension woes is plaguing the nation,” August 5, 2013) reveals how some might draw similarities between Detroit’s plight and Connecticut’s fiscal challenges. Much of Motown’s problem stems from promising public employee pensions far more generous than its taxpayers can fund.

Is Connecticut on the same path? According to CNBC:

are paying into the retiree funds: 1.4 active pension members per retiree or beneficiary in 2008, and 1.1 in 2012; 1.8 in 2008 and 1.5 in 2012 for teachers. (Sources: Fitch Ratings, Center for Retirement Research, Public Fund Survey)

f Connecticut’s state pensions (for state employees and public school teachers), are funded, on average, only at 55%; prudent policy is to have at least 80% funding in hand (Source: Fitch Ratings, Center for Retirement Research)

Since the recession officially ended in 2009, every state has implemented some kind of pension reform, says CNBC, from suspending cost-of-living increases for retirees to raising employee contributions and shifting to defined contribution plans similar to a 401(k).

f Connecticut’s per-person pension debt is 5th worst in the U.S., representing 18.6% of personal income (Source: Standard & Poor’s)

Connecticut has in fact made some progress in reducing pension debt and introducing reforms. But there’s room for more, and the Connecticut Institute for the 21st Century has weighed in on many of the reforms available to the state. We don’t want to follow the way of Detroit.

Committing to finding ways to reform state pensions and making them more affordable is imperative to keeping us on higher fiscal ground.

f Funding for the state’s pension accounts has been declining (for state employees, 51.9% funded in 2008 versus 42.3% in 2012; for teachers, 70% in 2008 versus 55.2% in 2012). (Sources: Fitch Ratings, Center for Retirement Research) f Fewer active state employees and fewer teachers

f Read more at gov.cbia.com.

Presented by CBIA, the Hartford Area Business Economists, and the Barney School of Business at the University of Hartford Sponsored by BlumShapiro, Chase, Morgan Stanley Wealth Management, The Schaeneman Group

f What do you need to know to take advantage of the changing economy? f When will we see a sustained recovery? f What industries are adding jobs? f What are the state’s long-term fiscal challenges, and why are they important?

Featured Speakers f David Martin Darst, Managing Director and Chief Investment Strategist, Morgan Stanley f Hon. David M. Walker, Founder/CEO, Comeback America Initiative; former Comptroller General of the U.S. f Anthony Chan, Managing Director and Chief Economist, J.P. Morgan

HR Hotline

Handling Resignations Can we adopt a policy that requires resigning employees give at least two weeks’ notice, but also reserve the right to ask the departing employee to leave immediately?

And if we did, would we always have to pay the person until his or her stated resignation date?

The Connecticut Economy

generally intended to facilitate an orderly transition of responsibilities, staffing, work-in-progress, etc., and contemplates satisfactory job performance and professional conduct until the end of employment.

Assuming employment at will (policies are advisory in nature, no contractual commitments), you are free to specify the final date of employment and need only pay wages for days of actual work. But as in life generally, choices come with consequences.

But there are times when you must ask the resigning worker to leave immediately; for example, if the person is going to a competitor. However, doing so may change a “voluntary quit” to an involuntary discharge, and the company may be on the hook for unemployment benefits. For more information, call our HR Hotline at 860.244.1900.

Requiring advance notice of resignation is

f Learn more at cbia.com/hr.

Featuring information-packed sessions—including results of the 2013 CBIA/BlumShapiro Survey of Connecticut Businesses—this morning event kicks off with a full breakfast buffet and networking opportunities with area business leaders.

Date Friday, Sept. 6, 2013 Time 7:30–11:45 am Place The Sheraton 100 Capital Blvd., Rocky Hill Cost CBIA/HABE members, $75 Nonmembers, $95 Tables of 10, $700

Scan to RegiSteR

➤ Register at cbia.com/events.

FAIRFIELD COUNTY BUSINESS JOURNAL • Week of August 19, 2013 27

CALL FOR NOMINATIONS CRITERIA

I

n its second year, this popular award is open to any CFO who has worked a minimum of two years for a company in Fairfield County. Three winners will be chosen by a distinguished panel of judges; one from a company with fewer than 100 employees, another from a company with 101 to 500 employees and the third from a company with more than 500 employees.

NOMINATIONS ACCESSIBLE AT WESTFAIRONLINE.COM/CFO-OF-THE-YEAR-NOMINATE/ NOMINATIONS WILL BE ACCEPTED FROM NOW THROUGH AUG. 22

AWARDS CELEBRATION SAVE THE DATE, MEET THE CANDIDATES AND CELEBRATE THE 2013 FAIRFIELD COUNTY CFO OF THE YEAR WINNERS WITH GUESTS AND COLLEAGUES.

DATE/TIME + LOCATION OCTOBER 2 | 5:30 P.M. HOTEL ZERO DEGREES 353 MAIN AVE., NORWALK

SPONSORS