Laser 28 - Excellent example of this great design Hamble le rice |
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Rossiter Pintail Mortagne sur Gironde, near Bordeaux |
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List classes of boat for sale |
TheLaserClass |
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nutonthetiller ![]() Newbie ![]() Joined: 17 Aug 08 Online Status: Offline Posts: 31 |
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JimC ![]() Really should get out more ![]() ![]() Joined: 17 May 04 Location: United Kingdom Online Status: Offline Posts: 6661 |
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The "final" (bet its not!) judgment is up in Kirby v Laser Performance etc.
Here though, is a document of the same date which seems to have the conclusion: https://ecf.ctd.uscourts.gov/cgi-bin/show_public_doc?2013cv0297-651 I liked this quote from the judge:
And the conclusion. Actually collecting the money, on the other hand, may not be so easy.
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Dougaldog ![]() Far too distracted from work ![]() Joined: 05 Nov 10 Location: hamble Online Status: Offline Posts: 356 |
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Jim C - I make the final total to be something north of $6m. Are you a betting man and if so, what odds are you putting on anything like that ever being paid?
Maybe the bigger question now is on the impact the judgement will have/may have on the boat going forward! D
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Dougal H
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JimC ![]() Really should get out more ![]() ![]() Joined: 17 May 04 Location: United Kingdom Online Status: Offline Posts: 6661 |
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I'm not (I hope) foolish enough to make any bets about anything involving the US legal system.
AIUI Laser Performance Europe has been more or less dismantled, and all its assets transferred elsewhere. It would be unsurprising to see it fall into bankruptcy. Whether that means the assets it used to own, some of which I believe it was contractually forbidden to rehome, are out of reach of the US legal system is something I'd be an ever bigger fool to venture an opinion on. The quote from the judge about stalling tactics might be of relevance, at least for his opinion of the litigants. |
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Do Different ![]() Really should get out more ![]() Joined: 26 Jan 12 Location: North Online Status: Offline Posts: 1312 |
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Shows how clueless I am; now watched a video walk through of the Ovington factory and they kept mentioning Ilkas. They really looked like Lasers.
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fab100 ![]() Really should get out more ![]() ![]() Joined: 15 Mar 11 Online Status: Offline Posts: 1005 |
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What we need next is a ban on LPEs directors acting in that capacity in any UK (or other) business.
And ISAF (or whatever they are called this week) should be making a huge apology to Bruce Kirby. If they'd made the right decision and supported him (the clearly wronged party) at the outset it would have saved everyone lots of stress and grief. I contend their behaviour was appalling too. |
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JimC ![]() Really should get out more ![]() ![]() Joined: 17 May 04 Location: United Kingdom Online Status: Offline Posts: 6661 |
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World Sailing were largely doing what the Class Association wanted them to, and its difficult to find too much fault with that.
The impression I had was that the rule changes to LPs advantage were strongly supported, even instigated, by the then ILCA president, Mr Heini Wellman, who is one of the major names behind this breakaway Class Association, so clearly he's convinced that a strong relationship with LP in whatever form they are is vital for the class. By making the change the CA managed several years of business as usual, which would otherwise have been chaotic, but maybe that's led to worse chaos now. No-one ever gets to find out what *would* have happened... |
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fab100 ![]() Really should get out more ![]() ![]() Joined: 15 Mar 11 Online Status: Offline Posts: 1005 |
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Interesting. I don't understand how any person or organisation could possibly support an organisation that has a monopoly cash-cow, but chooses not to pay the royalties that grant that monopoly status for what was it, seven years? And that enthusiasm for LP could be interpreted differently of course, but I couldn't possibly comment. I have learned over the years though that a good way to understand people is through the company the choose to keep. I've been a laser owner for 30 years (gulp). LP have always been appalling with their supply chain (my brother used to work for Proctor Masts, getting paid by LP was blood-out-of-a-stone) but the last 10 years or so have been beyond a joke
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423zero ![]() Really should get out more ![]() Joined: 08 Jan 15 Location: United Kingdom Online Status: Offline Posts: 3420 |
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TLC, now offering logo kit to convert your ILCA legal Laser into a TLC legal Laser.
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Robert
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