The Pontiac Bandit
Well-Known Member
Changes everything.
We’re now in a contract with SD that started in 2018 (so we owe them revenue from that year).
The judge ruled that we misinterpreted the contract that we signed, and SD were right in their interpretation. They matched the contract, so it is theirs. SD basically now have the right to match any merchandise contract, ever.
There will be seperate claims for breach of contract (will cost us millions) and Ashley is currently trying to place an injunction on Elite.
We’ve someone ended up in a worse position that before, as we didn’t understand the contract we signed.
The board have made a right mess of it.
What was the point in paying all that money to break the 7 years rolling contract.
Brutal stuff.