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Lawsuit spurs Goetz to cut its entire work force - Trade Only Today

Lawsuit spurs Goetz to cut its entire work force

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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.

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