Noble Supply & Logistics

Money Moves

In Chapter 11; selling assets and suing the Defense Logistics Agency over unpaid invoices

Noble Supply & Logistics told Massachusetts on August 17 that it would cut 59 jobs at its Seaport headquarters, then filed for Chapter 11 with 10 affiliates on August 30. The company blamed the early end of a 10-year, $1.2 billion Defense Logistics Agency contract and is seeking about $100 million under the Contract Disputes Act.

Updated Oct 24