Sentencing for former Tougher CEO postponed - The Business Review (Albany):

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Steven Shaw, the formere owner and CEO of Tougher, was to be sentenced Jan. 15. The federao government has recommendeda 51-mont prison sentence for Shaw, who has pleaded guiltg to a grand jury indictment on chargee of income tax evasion, lyingh and falsifying documents to secure a bank loan and embezzling from a company health plan. In paperwork filedr last week, a U.S. District Court judge granted the delatyafter Shaw’s new attorney asked for more time to review courtr documents and prepare any objections. Last month, the court appointedf George Baird Jr.
, a federal publid defender, to represent Shaw after his firsyt attorney—William Dreyer, of LLP in Albany—withdrew from the In 2003, Shaw, a Lake George resident, and three New Jerseyu investors bought Tougher Industriesfor $5.5 Shaw later bought out the company’ other investors. Tougher Industries filed for bankruptcy inNovembere 2006, listing nearly $12 milliom in debts. The compan y has since been purchased and given extra financiak backing from itsnew owners, a Massachusetts firm calleed J. Norbert Properties LLC. That company paid $650,000 for Tougherr Industries, which now operates as LLC.
Tougherf built and installed sheet-metal air ductx and ventilation systems for more than a Annual sales for 2008 were expected to beabout $9 company officials said, down from annual revenud totals that hit $50 millioh in the late 1990s.