A Massachusetts judge has ordered a woman to pay in excess of $10 million after finding she improperly used the assets of a family trust to expand a boat dealership owned by her and her husband. Superior Court Judge James R. Lemire ruled that Alice P. Tsourides used real estate owned by New Deal Realty…more
Trade Only follows developments in lawsuits that can have a significant effect on companies or sections of the worldwide marine industry.
Plaintiffs in a class-action lawsuit against Lund Boat Company say they plan to appeal a district court ruling saying they were not harmed by the change in vacation policy after the company was sold by Genmar to Brunswick in 2004. The suit was brought by 19 employees, representing more than 200 former and current workers…more
A Virginia waterman was sentenced in U.S. District Court this week to one year and one day in prison, fined $4,000 and ordered to make $40,000 in restitution for his part in the largest striped bass poaching case in Chesapeake Bay history. Thomas Hallock, 48, of Catharpin, Va., was ordered to surrender to marshals May…more
A federal jury said Master Lock Co. infringed on patents for receiver lock technology used in towing applications and ordered the company to pay $5.35 million to inventor Philip Wyers, owner of Wyers Products Group Inc. Wyers said the verdict validates his belief that small businesses like his must defend their patent rights, despite the…more
Hell’s Bay Boatworks has reached an out-of-court settlement with Beavertail Skiffs in regard to the anti-splashing lawsuit it filed last fall against the Minnesota boatbuilder. Though the exact terms of the settlement were not disclosed, Hell’s Bay’s president Chris Peterson said he was pleased with the results of the outcome, which he says included Hell’s…more