Some people seem to think they’re exempt from the rules the rest of us have to follow!
U.S. Marshals seized the Inace booth at the Fort Lauderdale International Boat Show in response to the company ignoring a $600,000 federal judgment. The owner of a 111-foot Catalonian Spirit built by the Brazilian yacht company received the judgment on March 11. The company has since refused to pay, and attorneys for the owner, with the help of U.S. marshals, sought to execute the judgment at the boat show, said Clay Naughton, an attorney with Moore & Co., who represents the owner.
At about 2 p.m. on October 28, two marshals and some movers seized the Inace booth, collecting computers, furniture, marketing materials and light bulbs, among other belongings.
“The idea behind it is that they are not judgment proof, sitting in Brazil,” Naughton said.
Inace representatives were sharing the booth with the company’s U.S. distributor, All Ocean Yachts. None of the distributor’s belongings were seized. The Inace items will be auctioned at a U.S. Marshals Service sale, with proceeds going toward paying down the judgment, Naughton said.
In a letter to The Triton, All Ocean Yachts President John S. DeCaro said Inace wanted to address the dispute through Brazilian arbitration, as the contract stipulated; warranty work not in the dispute was being done; and the judgment amount was not determined by a judge, but represents what the owner thought he could justify.
Courtesy of www.bizjournals.com.