Quote:
Originally Posted by Musicman51
Chartbuster is going to refund money to those people who have paid in advance for a yearly subscription of monthlies...right? Or they may just be facing a small claims lawsuit themselves.
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Haven't heard about that, may want to contact them. May 10th is when all operations will cease. So do it before then.
They were 'forced' to shut down (according to a release from a competitor now in charge of the HDMP drive) from a resulting loss with a lawsuit from CAVS.
Filed April 24th... in Federal Court:
Quote:
CAVS USA has presented competent evidence to support its claims for
damages and good cause having been shown, the Court hereby GRANTS CAVS USA’s Motion and ORDERS the following:
1. Entry of judgment by default in the amount of $278,370.20 against Tennessee Production Center, Inc. for breach of contract and breach
of the implied covenant of good faith and fair dealing.
2. Prejudgment interest in the sum of $111,348.08 calculated at the rate of 10% pursuant to California Civil Code § 3289(b).
3. The total default judgment amount, including prejudgment interest, is $389,718.28.
4. Post-judgment interest at the rate of 0.18% pursuant to 28 U.S.C.
§ 1961 beginning on the date of the entry of judgment.
IT IS SO ORDERED.