NAPS family feud comes to a head

NEW YORK: A long-simmering family feud at the North American Precis Syndicate (NAPS) came to a head 11 days ago, with founder and president Ron Levy as well as several top executives departing the company - one reportedly escorted out of the company’s office by an armed guard.

NEW YORK: A long-simmering family feud at the North American Precis Syndicate (NAPS) came to a head 11 days ago, with founder and president Ron Levy as well as several top executives departing the company - one reportedly escorted out of the company’s office by an armed guard.

NEW YORK: A long-simmering family feud at the North American Precis

Syndicate (NAPS) came to a head 11 days ago, with founder and president

Ron Levy as well as several top executives departing the company - one

reportedly escorted out of the company’s office by an armed guard.



While Levy’s daughter Dorothy York, who assumed control of the company,

described the departures as amicable, sources close to the company

painted York as the Goneril to Levy’s King Lear. One claimed that York

’barely ever visited’ the company: ’What does it tell you when the

senior person there hasn’t been involved in day-to-day operations for

the last three years?’



York sued Levy late last year over control of NAPS. Shortly thereafter,

she attempted to buy 11% of NAPS shares from her sister (and fellow NAPS

director) Judy Haas. Levy subsequently attempted to buy Haas’ shares for

nearly dollars 1 million more than what York offered.



York unemotionally dismissed the allegations, denying that Galina Grunin

- one of Levy’s two choices to lead the company after his departure,

along with his son-in-law Tom Haas - was escorted out of the office by a

guard on June 1. She expressed hope that her father, who submitted his

resignation that day, would continue to work with NAPS.



Attempts to contact Levy at his NY apartment and his condo in Puerto

Rico proved unsuccessful. Levy’s lawyer, Norris Wolff of Kleinberg,

Kaplan, Wolff & Cohen, did not return calls.



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