Robb & Stucky's biggest losers

In bankruptcy reorganization, where secured creditors have most-favored status, the equity holders are usually wiped out.

A list of equity holders filed with the Feb. 18 bankruptcy filing of Fort Myers-based upscale furniture retailer Robb & Stucky shows executives with the Mariner Group were among the largest of these. Clive Lubner and his son, Daniel Lubner, are the largest equity holders and own about 20% of the stock of the company, filings show.

Clive Lubner and executives with the Mariner Group based in Fort Myers acquired Robb & Stucky in 1979 and embarked on an expansion that reached 24 locations in four states.

Besides, Lubner, significant equity holders of Robb & Stucky include Mariner Group Founder and Chairman Robert Taylor and President and CEO Allen Ten Broek.

Taylor and Ten Broek founded Mariner in 1971 and the company made its mark in Lee County when it developed South Seas Resort on Captiva Island in the 1980s.

Taubman has filed suit against Robb & Stucky, claiming it has not paid rent at the mall for two years. The landlord seeks $734,000 in damages.