Oy, there's so much fighting in H land, we're starting to fear the legacy of the great bagel-maker will be permanently be-schmeared. Now the issue is the H name, the WSJ reports, which three parties are trying to lay claim to: H founder Helmer Toro; Long Island bagel-shop owner Randy Narod, who might or might not have bought the name from Toro; and Harry Abrams, who loaned Toro $12,000 last year with the H name as collateral. (Toro has not repaid that loan, but claims that's because Abrams's 20 percent interest rate is usury.)
Meanwhile, the IRS has seized the H trademark saying a company of Toro's owes the taxman $1.55 million, and Toro used this opportunity to extract a letter from the IRS saying that though the trademarks have been seized, they do indeed belong to him. What a mess. Like a bagel caught in the toaster, our dreams of a resurrected H seem to be going up in smoke. [WSJ]
Earlier: H Bagels Is Indeed Returning [Update: Maybe?]
Is H Reopening? Everything (Bagel) Says Yes
After a Slow Death, H Is Gone
Related: As H Struggles, Who Really Makes New Yorks Best Bagels?
Related: Mile End Will Start Making Its Own Montreal-Style Bagels