Ardent Tackle, the Missouri manufacturer and distributor, has filed suit against Maurice Sporting Goods for breach of contract relating to its alleged failure to pay for the sale and delivery of goods.
Ardent revealed the move in a press release, saying that additionally Maurice is being sued on three other counts, including fraudulent misrepresentation, unjust enrichment and conversion.
Ardent states that, contrary to a press release issued by Maurice on April 12th communicating an expansion of its credit facility, no payment has been received.
On April 19th Angling International reported an announcement by Maurice that it had expanded its financing agreement to support the short-term seasonal needs of the business and to execute a ‘strategic realignment’.
Maurice said it had agreed a restructuring plan with three major banks, a move designed to ‘realise mutual short and long-term goals’ according to Jory Katlin, CEO of the fourth generation family business founded in 1923. Continue reading – http://www.angling-international.com/ardent-tackle-files-suit-maurice-sporting-goods/
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