A Bronx judge has ordered Titan Concrete Inc. to post an $8 million bond to protect the interests of co-owner Peter J. Mestousis, who has asked the court to dissolve the New Rochelle business, but declined to appoint a temporary receiver to conserve the company's assets.
A purported co-owner of Titan Concrete Inc. has petitioned Westchester Supreme Court to dissolve the New Rochelle corporation because his partner is allegedly looting and wasting assets.