Northbrook Company Sued for Alleged Unpaid Debt

Northbrook-based Premier Food Inc. is named in a lawsuit filed by a California banking institution claiming an unpaid debt.

Hanmi Bank filed suit in Cook County Circuit Court earlier this month against the company, doing business as the Great Steak and Potato in Aurora and Moonhie Oh - the president and secretary of Premier, according to the Cook County Record.

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According to the complaint, on Nov. 9, 2007, Premier took out a promissory note with Hanmi Bank for $420,000, plus interest. Premier was required to start paying back the note monthly on January 2008, the suit states, but Premier’s last payment was Oct. 29, 2014.

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Hanmi Bank seeks recovery of the balance due, as of April 9, of $159,434.15, plus costs.

more via the Cook County Record