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Chief Executive Ed Thomas remains in charge of The Wet Seal, LLC in Foothill Ranch, along with interim Chief Financial Officer Thomas Hillebrandt.

An earlier version of this story posted online by the Business Journal incorrectly reported that Thomas and Hillebrandt had stepped down from their posts at the ongoing business. Instead, Securities and Exchange Commission documents indicated that the two were no longer involved with the legacy company, now called Seal123 Inc.

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