Krell founders Dan and Rondi D'Agostino have filed a lawsuit here against private-equity fund KP Capital Partners and current KP-allied Krell executives to regain their management roles at the high-end audio company they founded in 1980.
In their lawsuit, the founders contend they were locked out of the company's Orange, Conn., offices about three months ago in violation of their employment agreements after trying to assert their right to fire a KP-backed executive. They also contend that KP used “fraudulent, overreaching and unconscionable tactics” in “a scheme to usurp the assets of old Krell [owned 100 percent by the D'Agostinos] at a discount, and exert complete control of new Krell, despite only purchasing a minority ownership interest.”
Full Story :
Krell Founders Sue To Make Return - 2009-12-07 07:00:00 | TWICE
In their lawsuit, the founders contend they were locked out of the company's Orange, Conn., offices about three months ago in violation of their employment agreements after trying to assert their right to fire a KP-backed executive. They also contend that KP used “fraudulent, overreaching and unconscionable tactics” in “a scheme to usurp the assets of old Krell [owned 100 percent by the D'Agostinos] at a discount, and exert complete control of new Krell, despite only purchasing a minority ownership interest.”
Full Story :
Krell Founders Sue To Make Return - 2009-12-07 07:00:00 | TWICE
wants to put up a fight ......
are there any news concerning the currently situation?
Perhaps now it is more easy to get schematics from the legacy Krell audio components.
in this case I have found this URLs:
http://www.hometheatershack.com/for...-happened-krell-why-dagostino-family-out.html
http://www.whatsbestforum.com/showthread.php?283-The-future-of-Krell
http://hometheaterreview.com/what-happened-at-krell-and-why-the-dagostino-family-is-out/
http://www.diyaudio.com/forums/soli...ke-pure-classa-se-despite-low-idle-power.html
http://www.diyaudio.com/forums/lounge/179714-dan-d-agostino-interview-papa-one-best.html
Perhaps now it is more easy to get schematics from the legacy Krell audio components.
in this case I have found this URLs:
http://www.hometheatershack.com/for...-happened-krell-why-dagostino-family-out.html
http://www.whatsbestforum.com/showthread.php?283-The-future-of-Krell
http://hometheaterreview.com/what-happened-at-krell-and-why-the-dagostino-family-is-out/
http://www.diyaudio.com/forums/soli...ke-pure-classa-se-despite-low-idle-power.html
http://www.diyaudio.com/forums/lounge/179714-dan-d-agostino-interview-papa-one-best.html
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