The Bermuda Bakery Limited has won a $733,216 judgment against its former controller Earl Fithian, it emerged yesterday.

Mr. Fithian was not in court on Tuesday so the judgment was made in default of appearance.

Bermuda Bakery will now likely go after any assets Mr. Fithian has in Bermuda.

The bakery is seeking to recover amounts it had to repay tenants of the Belvedere Building who were overcharged for land tax and electricity, amounts to be paid out for payroll and other taxes, insurance premiums and pensions, amounts taken from sales receipts and amounts paid for professional services of the investigation and pursuing the statement of claim, the bakery said earlier.

In December of 1995, Mr. Fithian failed to show up at the Hamilton police station to honour his police bail requirements.

Bermuda Bakery filed the writ against Mr. Fithian on December 15, 1995.

Two weeks later, the bakery's fiscal year ended with the company posting only $17,843 profit compared to a $320,264 gain for 1995. In the annual report was a fraud investigation expense of $119,500.

Bermuda Bakery chairman James Pearman was off the Island and unavailable for comment yesterday while the company's general manager John Hirschi refused comment directing inquires to the chairman.

As part or the matter, the company suspended trading of its stock on December 8, 1995 after share holding and dividend irregularities were discovered. The share register was reconciled December 12 and trading resumed last May.

Bermuda Bakery's shares last traded down $3.50 at $14 on December 5, 1996.

COURTS CTS