Printer Sues After Financing Is Pulled –Michelson

Color-Web claims that the strategic business changes it made, based on the assumption it was installing the new press, were not quickly reversible, exacting a heavy toll on the company. Operating a 125,000-square-foot digital and offset printing facility in Manhattan, and a second web offset printing plant in northern New Jersey for runs of 500,000 or more, Color-Web reports it consequently had to lay off nearly 100 workers and is even exploring closing up.