Skip to main content

Parties set timeline for Fountain lawsuit

It could be a year before the case between Reggie Fountain and Fountain Powerboats heads to trial, according to court documents filed Friday in North Carolina.

According to a case management report to which both parties agreed, the case will be ready for trial no later than Sept. 1, 2012. Discovery will be completed by April 2.

For Fountain, the issues to be decided include whether Fountain Powerboats wrongfully retained $75,000 due to him for consulting services for Westport Shipyard and whether he is entitled to recover items such as a silver eagle, a backhoe and hundreds of trophies, plaques, photographs and other memorabilia.

For Fountain Powerboats, the issues to be decided include whether Reggie Fountain, individually or with others, converted assets that belonged to the company, including computer designs, drawings, customer lists and trade secrets; whether he engaged in deceptive trade practices; whether he diverted corporate opportunities from the company; and whether he interfered with his former business.

Also on Friday, Fountain Powerboats filed a motion to strike portions of Reggie Fountain’s reply to its counterclaims against him, as well as more than two dozen exhibits Reggie Fountain filed to support his reply.

Reggie Fountain, the company alleges, used his reply as a “press release to promote RF Powerboats and damage Fountain Powerboats, thereby constituting an improper and impertinent use of the pleading, which should therefore be stricken.”

Fountain Powerboats also contends that many of the exhibits pertain to court cases that have nothing to do with this case.

Reggie Fountain told Soundings Trade Only that the exhibits are necessary to provide the court with other cases that show the previous business dealings of Fountain Powerboats’ new owners.

Related

VOLVO-EARNINGS

Volvo Penta Reports Q4, FY22 Results

Net sales of $470 million for the quarter were a 33% increase compared to the prior year period.

Pulse-Report

DEALERS: Are You Improving the Service Experience?

Our monthly Pulse Report survey asks this and other questions about your dealership. Take the survey here.

NMRA-SCHOLARSHIP

NMRA Sets Scholarship Deadline

Students pursuing education in the marine trades can apply for the National Marine Representatives Association awards until April 1.

MARINE-PRODUCTS

Marine Products Reports Record Q4

The builder of Chaparral and Robalo boats reported net sales were up 42% for the quarter and 28% for fiscal year 2022.

1_SHURHOLD

Shurhold Appoints COO

Forrest Ferrari has years of management, business development, IT and quality-assurance experience.

MOBILE-CATCH-CENTER

RBFF, Pure Fishing Partner for a First Catch Center

Pure Fishing will equip a mobile trailer with tackle and gear to bring fishing experiences to areas of South Carolina where participation is low.

Norm

An Oft-Overlooked Sales Opportunity

A recent report from the Recreational Boating & Fishing Foundation showed that women comprise 37% of all anglers. If you haven’t tapped this segment, you’re missing out.

1. 2023 new boat retail outlook

Too Many High-Priced Boats

To wrap up 2022, marine retailers reported lower demand, expressed more negative sentiment and voiced concerns about rising inventory. Boat prices and the economy remained top of mind for dealers in December.

Soundings Nov 2022

New-Boat Registrations Continue to Slide

As the gaudy sales figures from the pandemic continue to return to more realistic numbers, the main segments of the recreational boating industry saw new-model registrations of 4,421 in November, a 30.3% drop from 6,340 during the same time in 2021. .