Shopping, Retail News & Press Release Distribution Services
GroupWeb News Network
Africa
Alabama
Alaska
Arizona
Arkansas
Asia
California
China
Colorada
Connecticut
Washington DC
Delaware
Florida
France
Georgia
Germany
Ghana
Hawaii
Idaho
Illinois
India
Indiana
Iowa
Italy
Japan
Kansas
Kentucky
Korea
Lousiana
Main
MaryLand
Massachusetts
Michigan
Minnesota
Mississippi
Misouri
Motana
Nebraska
Nevad
New Hampshire
New Jersey
New Mexico
New York
Nigeria
North Carolina
North Dakota
Ohio
Oklahoma
Oregon
Pennsylvania
Rhode Island
Rhode Island
Russia
South Africa
South Carolina
South Dakota
Spain
Tennessee
Texas
UK
Utah
Vermont
Virginia
Washington
Weather
West Virginia
Wisconsin
Submit RSS Feed
|
About US
|
Contact Us
Home
|
Retail News
|
Submit Press Release
Unlimited Press Release Distribution
News Media List
MSNBC Retail News
Financial Times
Internet Retailer
Luxury Daily
New York Times
Planet Retail
Retail Technology Review
Retail Bulletin
Supermarket News
Special Retail Report
Women's Wear Daily
RSS News Feed
Get your news feed listed here as other news media shown above!
Submit RSS News Feed
Retail, Shopping News Releases
Search retail news:
U.S. DISTRICT COURT SAYS CHRISTOPHER RADKO IS NOT REPONSIBLE FOR RAUCH DEBTS IN “ELMET” CASE
(EMAILWIRE.COM, May 22, 2008 ) CHARLOTTE, NC – U.S. District Judge Graham Mullen has rejected a legal attempt to make famous Christmas ornament designer Christopher Radko pay off nearly $2.5 million in promissory notes from Rauch Industries, Inc. to pay three of its vendors.
The complicated case – separate from the main court case involving Radko and Rauch – involved a contention that Mr. Radko was somehow responsible for repayment of promissory notes signed by Rauch in favor of three vendors, Elmet Technologies, Inc., Watauga Opportunities, Inc. and Complete Design & Packaging, LLC. Rauch incurred the debt before Mr. Radko sold his ornament company to Rauch in March 2005.
Judge MullenÂ’s denial of this attempt means that Rauch is responsible for paying the debt reflected by the promissory notes it signed with Elmet and the other vendors.
“These creditors were clearly trying to blame Chris for Rauch’s inability to pay its debts,” according to Michael G. Wimer, the Asheville, NC attorney who represented Mr. Radko in the case. “It was clear that the case involved a pre-existing debt and promissory notes that have nothing to do with Mr. Radko. The Judge took note of the fact that the executive in charge of Elmet is also on the board of Rauch. We've been saying all along this was an effort by Rauch to retaliate against Chris Radko for his refusal to settle claims Rauch has been making. Clearly the judge agreed the case was without merit.”
The so-called “Elmet” case was heard in the same U.S. District Court that is considering a broader case in which Rauch and Mr. Radko are suing each other over the management of the Christmas ornament business Rauch acquired from Mr. Radko in 2005. Mr. Radko alleges numerous violations by Rauch including securities fraud, fraudulent concealment, breach of contract, conversion of his personal assets, wrongful termination and unjust enrichment.
About Christopher Radko: Christopher Radko is an iconic name in American home décor. He began designing and producing keepsake holiday ornaments, gifts and home décor items in 1986. Today he focuses on design and consulting services. For further information please contact jmarkham@aol.com.
###
This press release was issued through GroupWeb EmailWire.Com. For more information on unlimited press release distribution service, go to
http://www.emailwire.com
Radko
Jessica Ramos
212-687-1765
jessicar@markhamnovell.com
Retail News by Sector
Accessories
Department Stores
Fashion
Home/Household
Entertainment
M Commerce
Online Retail
Retail Magazines
Retail Issues
Store Design
Sign-Up To Our Free Newsletter!
Shopping and Retail NewsWire
Retail RSS Marketpalce
Target Press Releases
News releases from Target. Second retail giant in America.
Free Food & Beverage Magazines and Downloads
Get free publications including magazines, white papers about the food and beverage industry.
Submit RSS news feed on Retail, Shopping
.
Have your feed on news, products or services displayed under this marketpalce. The feed also displayed on a full page and updated daily.
Add RSS feed Now!
Shopping-Newswire is part of GropWeb Network, online properties of GroupWeb Media LLC. Copyright © GroupWeb Media LLC. All Rights Reserved.
For unlimited press release distribution for $99 per month or $999 per year, call (281) 645-4086 or start posting your press releases online at
EmailWire.com
.
Copyright 2009 GroupWeb Media LLC
GroupWeb Media Network
AfricaNewswire.Net
|
AppleNews247.Com> |
AsiaNewsWire.Net
|
Aviation-NewsWire> |
Energy Industry
|
EstateNewsWire
|
Entertainment-NewsWire.com
|
Food Beverage News
|
Glamour NewsWire
|
Health NewsWire
|
Hosting NewsWire
|
i-Auto NewsWire
|
i-Business News
|
EuropeNewsWire.Net
|
iCameroon.com
|
i-Canada-News.Com
|
i-SoftwareNews.com
|
iT-NewsWire.Com
|
InvestorsNewsDesk.Com
|
i-TravelNewsWire.Com
|
LegalLaw247.com
|
Medical-NewsWire.com
|
MiningNewsWire.net
|
MoneyNewsWire.Net
|
Movie-Stars-News.Com
|
PayDayNews247.Com
|
PharmaNewsWire.Com
|
Publishing-NewsWire.Com
|
Shopping-NewsWire.com
|
Telecom-NewsWire.Net
|
Transportation-News.Com
|
USGovernment-News.Com
|
WebPosters.Net
|
Wireless-NewsWire.Com
|
Shopping-NewsWire.Com
™
- Newswire and Press Release service of GroupWeb Media LLC