Updated:
Original:

Lawsuit spurs Goetz to cut its entire work force

Rhode Island builder Goetz Custom Technology has laid off its entire work force for the second time this year, as work has come to a halt on an 82-foot racing sailboat at the center of a lawsuit.

The boat was being built for Aegir Racing Ltd., the legal entity created by a Scotsman who hired Goetz to build the Rogers 82 in August 2008 for more than $6 million. In October, Aegir filed a lawsuit against Goetz in U.S. District Court. Two weeks later, Goetz responded with a counterclaim.

Aegir wants Goetz to hand over the partially constructed boat, which includes hull and deck, without paying anymore for the work completed.

Goetz would give Aegir possession of the boat if Aegir settles its outstanding debt for materials and services already rendered, estimated at more than $450,000, according to an article posted on EastBayRI.com.

Aegir claims the boat has a structural problem, "in that some bulkheads and longitudinal beams have not been fabricated or installed in accordance with the plans."

Goetz denies that allegation.

Click here for the full article.

Related

Year-End Strategies to Rev Up Your Marketing Machine

Get in the marketing fast lane going into 2022.

A Cautious Outlook

Consumer confidence dipped as pandemic deaths rose.

The Dirty Dozen

Bill Yeargin names 12 mistakes that hold back leaders.

Where We’ve Been, Where We’re Headed

Recreational boating is winning, but we must work to ensure our continued success

Change or Die

Sustaining one’s place in the market is a tender trap.

Seeing the Light

Electronic distress signaling devices, an alternative to flares.

Going Electric

Yamaha’s Harmo e-propulsion debuts in the U.S.

Predicting the Unpredictable

How to prepare your dealership for whatever 2022 brings

Innovation's many guises

Marine-industry disrupters lead through innovation.