Receiver takes control of Nestor Inc.

NESTOR TRAFFIC SYSTEMS and its parent company, Nestor Inc., have been taken over by a court-appointed receiver, Pawtucket attorney Jonathan N. Savage. /
NESTOR TRAFFIC SYSTEMS and its parent company, Nestor Inc., have been taken over by a court-appointed receiver, Pawtucket attorney Jonathan N. Savage. /
PROVIDENCE – A Superior Court judge on Wednesday appointed an interim receiver to take over management of Nestor Traffic Systems and its money-losing parent company, Providence-based Nestor Inc. Acting on a petition by attorneys for Nestor’s board of directors, R.I. Superior Court Judge Michael A. Silverstein appointed attorney Jonathan N. Savage, a partner at Shechtman…

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