Hallwood Group Inc. received a proposal to liquidate the company from chairman Anthony J. Gumbiner, who is also the beneficial owner of 66 percent of the company's stock.

The Dallas-based textile and real estate holding company has set up a committee of directors to review the proposal, as well as any alternatives.

Hallwood said Mr. Gumbiner proposed Hallwood sell its Brookwood Cos. unit for cash, with net proceeds going to shareholders pro rata.

Mr. Gumbiner also suggested the company distribute his pro-rata portion of Hallwood Energy LP to him; then he would negotiate to purchase the company's remaining interests in the unit for cash, which would also be distributed to stockholders.

Mr. Gumbiner proposed that other qualified Hallwood shareholders could receive a pro-rata portion of Hallwood Energy interests instead of cash.

Dow Jones Newswires

Irving-based Razzoo's Cajun Cafe settled a religious discrimination lawsuit Tuesday for $38,750 after the Equal Employment Opportunity Commission sued the chain on behalf of a fired employee.

Sabrina Balentine, a Jehovah's Witness, declined to participate in birthday cheers at the Mesquite location of Razzoo's in 2006 because her faith doesn't recognize birthdays.

The 19-year-old said she offered to do other activities when servers sang to customers, but was fired.

Razzoo's agreed to a two-year consent decree as part of the settlement and will adopt an anti-discrimination policy for religious accommodation.

Razzoo's said it disagreed with the suit and said it did not fire Ms. Balentine. A spokeswoman said Ms. Balentine never told the restaurant about her concerns.

Eric Torbenson

Presbyterian Hospital of Plano this week named Dr. Jeffrey Canose as its senior vice president and chief operating officer, making him the heir apparent to the job of president of the Plano hospital in 2009.

For just over a year, Dr. Canose has been senior vice president at Presbyterian Hospital of Dallas, the largest hospital in the Texas Health Resources hospital system and one of the largest in the Dallas and Fort Worth area.

But a spokeswoman for THR, which owns both hospitals, said the company wanted Dr. Canose in place "to learn the ropes" for when current president Phil Wentworth retires in 2009.

Jason Roberson