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03-11-2009, 10:42 AM
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CC Member
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Join Date: May 2003
Location: Hudson Valley NY,
NY
Cobra Make, Engine: Backdraft, 302, Tremec 3550. #038
Posts: 863
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Not Ranked
I got a couple of questions....After reading some of this, it looks like, whoever this dirtbag paid the money too for Hurricane has to give it back. ($127K) Does this mean the original owner gets the company back or does it stay locked up in litigation?
Also I would imagine that this transaction took place with lawyers and contracts to make it legal. If the person buying the Co. pays you with the "ill gotten gains" from another scheme, how in the heck does the government expect you or your lawyer to know this prior to completing the sale ?????? And where does it leave you after the fact ????
__________________
Kids in the backseats cause accidents, accidents in the backseat causes kids ! Good reason to get a Cobra !!!
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03-11-2009, 11:18 AM
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CC Member
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Join Date: Jan 2001
Location: Post Falls,
ID
Cobra Make, Engine: Everett-Morrison
Posts: 111
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Not Ranked
Lmh
Larry,
Also a light hearted question:
If a Cobra with Corvette susp. were to drive and handle better than one with a Jag, Mustang, or home made suspension, for example, would you still want those suspensions versus the Corvette in your Cobra?
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03-11-2009, 01:23 PM
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CC Member
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Join Date: Apr 2005
Location: Tucson,
AZ
Cobra Make, Engine:
Posts: 5,391
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Not Ranked
Quote:
Originally Posted by COBRA427
Larry,
Also a light hearted question:
If a Cobra with Corvette susp. were to drive and handle better than one with a Jag, Mustang, or home made suspension, for example, would you still want those suspensions versus the Corvette in your Cobra?
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I'd rather have the one that more closely replicated an original suspension. That's what it's about for me. If I were building a car for comp and was after the best handling suspension, it would be entirely different.
Larry |
03-11-2009, 11:32 AM
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CC Member
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Join Date: Oct 2004
Cobra Make, Engine: Arps/Burroughs Hurricane Motorsports 427 Roadster
Posts: 58
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Not Ranked
Quote:
Originally Posted by Trueoo7
I got a couple of questions....After reading some of this, it looks like, whoever this dirtbag paid the money too for Hurricane has to give it back. ($127K) Does this mean the original owner gets the company back or does it stay locked up in litigation?
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Clarification: Both filings list Hurricane Motorsports LLC of Arlington Texas and Chris White as the relief defendents. Hurricane Motorsports LLC is the new company formed by Ray White/CRW after purchasing from Hurricane Motorsports in Lees Summit, MO. Neither filing / lawsuit mentions or involves the original Hurricane Motorsports in Lees Summit, MO.
Still, what a mess... |
03-11-2009, 11:46 AM
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Half-Ass Member
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Join Date: Jun 2005
Cobra Make, Engine: ERA #732, 428FE (447 CID), TKO600, Solid Flat Tappet Cam, Tons of Aluminum
Posts: 22,025
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Not Ranked
Four Simple Rules
Quote:
Originally Posted by Trueoo7
I got a couple of questions....
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I don't mean to sound flippant, nor to make a joke of the situation, but here are the rules:
1) There is never enough to go around, and the government cuts to the front of the line.
2) You litigate everything. If someone has assets then you try and suck them in, if all they have is a claim they've been screwed, then you try and freeze them out.
3) The squeakiest wheels tend to get the most grease.
4) Fines and legal fees will eat up a healthy portion of whatever is still there. |
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