Ground Round franchisees take control - Lowell Sun Online - Business

"By DAN O'BRIEN, Sun StaffA group of Ground Round franchisees has completed the acquisition of the bankrupt restaurant chain's franchise rights.
'It's been a long haul, but we're happy to get this done and look forward to the future of this operation,' said Kathy Kelley, a co-owner of the Chelmsford Ground Round franchise.
A bankruptcy judge recently approved the franchisees' $4.85 million bid, despite objections from a Dallas real estate company, which bid $6.5 million."
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That looks like a good decision to me.

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