29 December 2009, 01:08
a.tinkererWieand Vs Miller
Tort!It looks like 'steaming hot tort action'!!
Wieland appears to be bringing a slander/libel case against the Paso Robles effort - specifically naming Miller.
Weiland = Plaintiff
Paso Robles/Miller = Defendant
Here's a copy/paste from the linked page.
Visit the link for more details (if/when it works for you)
quote:
Wieland v. John Rigby & Co. [Gunmakers]Inc. et al
Plaintiff: Terry Wieland
Defendant: John Rigby & Co. [Gunmakers], Inc. and Geoffrey D. Miller
Case Number: 4:2009cv02100
Filed: December 23, 2009
Court: Missouri Eastern District Court
Office: St. Louis Office [ Court Info ]
County: Jefferson
Nature of Suit: Torts - Injury - Assault, Libel, and Slander
Cause: 28:1332 Diversity-Libel,Assault,Slander
Jurisdiction: Diversity
Jury Demanded By: Plaintiff
Amount Demanded: $75,000.00
Get a quart of beer and a sack of popcorn for this one!
Cheers
Tinker
30 December 2009, 08:56
Idaho Sharpshooteris he, by some chance, listed among the creditors in the bankruptcy claims?
Rich
30 December 2009, 12:03
a.tinkererSharpShooter-
To answer your question...
quote:
Originally posted by Idaho Sharpshooter:
is he, by some chance, listed among the creditors in the bankruptcy claims?
Rich
I will quote our fellow member, 577NitroExpress from
this thread quote:
Originally posted by 577NitroExpress:
Found this from 2005:
quote:
JOHN RIGBY: Case Summary & 20 Largest Unsecured Creditors
---------------------------------------------------------
Debtor: John Rigby & Co. (Gunmakers) Inc.
500 Linne Road, Suite D
Paso Robles, California 93446
Bankruptcy Case No.: 05-13079
Type of Business: The Debtor manufactures guns.
Chapter 11 Petition Date: October 3, 2005
Court: Central District of California (Santa Barbara)
Judge: Robin Riblet
Debtor's Counsel: Jay L. Michaelson, Esq.
7 West Figueroa Street, Second Floor
Santa Barbara, California 93101-3191
Tel: (805) 965-1011
Financial Condition as of October 3, 2005:
Total Assets: $3,250,000
Total Debts: $1,950,080
Debtor's 20 Largest Unsecured Creditors:
Entity Nature of Claim Claim Amount
------ --------------- ------------
J Mark Grosvenor Unsecured loan $130,750
P.O. Box 1444
Wilson, WY 83014-1444
Ken Griffin Consumer deposit $115,000
131 South Dearborn Street
Chicago, IL 60603
Gary Honbarrier Unsecured loan $100,000
495 Griffith Road
Advance, NC 27006
Suzanne Webb Vendor $89,541
Dr. Victor Pickett Consumer deposit $60,000
Marc Halcon Purchase money $52,882
Dwight Van Brunt Consumer deposit $42,320
Fernando Soler Valle Consumer deposit $40,000
Gassner and Company Vendor $37,282
Mike Scruggs Consumer deposit $34,965
J Paul Beitler Consumer deposit $24,000
Bradley T. Moore Vendor $21,847
E. Boddington Unsecured loan $21,423
Lee Thompson Consumer deposit $16,875
William McAlphin Consumer deposit $15,120
Int'l Sprotman's Marketing Vendor $15,077
Craig Boddington Unsecured loan $12,998
Cameron Hopkins Consumer deposit $11,116
Joseph Thompson Consumer deposit $10,000
Dale M. Evans Consumer deposit $9,990
Cheers
Tinker
30 December 2009, 21:03
JPKInteresting to note Craig Boddington's $12,998 unsecured loan and E. Boddington's unsecured loan of $21,423.
Total = $34,421.
JPK
30 December 2009, 21:11
Idaho Sharpshooterthe sad part, the "E" is Craig's mother IIRC.
What I don't understand is how you can have a 3:1 ratio of assets to debt and still be able to file.
Ah well,
Rich
01 January 2010, 23:33
TommyhawkIdaho, You are spot on. $3.250 million in assets? This seems to me like more deception. Anybody that has seen their operation can tell you it would bring $100,000 or less at auction. Is the Rigby name worth 3 mill.?
02 January 2010, 08:08
goshootIn a recent article they mentioned that this bankruptcy was some sort of tactical legal action to out maneuver some of his investors who were trying to take over the company and oust Miller. There were really was no financial problem. The article said it worked so Miller dismissed the bankruptcy.
03 January 2010, 17:40
mauser93Idaho, please understand that I am far too trifling to go to PACER to figure this out. That said, my surmise is that the BR was declared on the basis that the company was "...unable to meet its debts as they mature."
I surely would like to see some posts from persons who actually own/shoot California Rigbys. Anybody home?
05 January 2010, 10:31
Idaho SharpshooterI doubt anybody here is going to admit that, except under duress...
There's a simple cure for false bankruptcy gamers, just require the company to be placed under court direction and require all principals of the company to step away for one year. Much of the time a little fresh direction will work wonders.
Rich
06 January 2010, 19:46
TommyhawkQuoted from the article in SCI mag.
"In 2005 a widely circulated rumor had it that Rigby was bankrupt and that Miller would lose control of the company in a hostile takeover. When the dust settled in federal court, Miller had prevailed, and his tactical maneuver of filing for Chapter 11 bankruptcy protection had been a key element of his strategy."
Where does a gun writer get this sort of info.? Mr. Miller. Rumor??? They filed for Chapter 11 Bankruptcy as posted above. The rumor was that he was being sued by some of his investors. I guess it wasn't a rumor. It also shows that some of the investors didn't like the way the company is being run and were trying to do something about it.
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