quote:
The Derderians were in the process of selling the nightclub when the fire broke out; just hours before, two men, Michael O'Connor and Daniel Gormley, filed papers with the state forming a company to run it. According to the town clerk, the Derderians were scheduled to come in the following day to begin transferring the liquor license.
The Station was also caught up in the contentious divorce of Michael Derderian, whose finances were becoming increasingly precarious, according to court records. Divorce records show Heather Derderian tried to force her husband to sell the club last year; the records also show his mounting debts, including $28,000 owed to the Internal Revenue Service.
Jeffrey Pine, an attorney for Jeffrey Derderian, said there was no indication the brothers' finances were a focus of the criminal investigation. Michael Derderian's divorce became final Wednesday.
http://www.thebostonchannel.com/news/2009042/detail.html
Also read that each burn pateint's hospital bill will be in the $400,000-500,000 range. So the $500 saved on the insulation yielded a $20 million hospital bill, among other heartache and tragic losses not even measurable, a huge hit to the club industry worldwide, and so much more.