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McNamara shop closes

Published on .

Due to financial woes, McNamara Communications, Troy, Mich., closed its doors after 47 years. A few months ago it shuttered its art and illustration studio operations. But this month it lost client Health Alliance Plan, Detroit's biggest HMO. In addition, the agency's bank "exercised its position as a secured creditor," it wrote in a letter to unsecured creditors, whom the letter says won't be paid.

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