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Law

Environmental Group Raises Stakes to Stop LG’s New US Headquarters

February 26, 2014 by Ted Leave a Comment

Photo of protesters of LG project
Photo: Star Ledger

A group of concerned citizens and several environmental groups have banded together to form an organization known as the Protect the Palisades group in an effort to stop LG Electronics USA from building a new headquarters tower in an area of New Jersey called the Palisades. The Palisades is a large wooded area that spans parts of Northern New Jersey and Southern New York, and it borders on the picturesque Hudson River. It is famed for its wild and natural beauty – and it is a U.S. National Natural Landmark.

Now, the Palisades group has raised the stakes in its fight to stop LG, which has already broken ground on the disputed project… [Read more…] about Environmental Group Raises Stakes to Stop LG’s New US Headquarters

Filed Under: Brands, Law, Manufacturers, News Tagged With: LG Electronics USA, Protect the Palisades

Caught! Samsung Investigated for Placing Fake Reviews on the Web

April 18, 2013 by Ted 2 Comments

Photo of girl caught with hand in cookie jarSamsung Electronics Co., one of the fastest growing and most popular electronics brands in the world, is the subject of an investigation by the Taiwan Fair Trade Commission that is acting on tips it received that the company’s marketing department has allegedly been placing, or contracting for, fake reviews on the web. These reviews, which were said to be positive on Samsung products and negative on Samsung competitors, were not visibly identified as paid or sponsored reviews.

See what Samsung meant when it said this was a simple case of “insufficient understanding”… [Read more…] about Caught! Samsung Investigated for Placing Fake Reviews on the Web

Filed Under: Asian Connection, Law, Manufacturers, Marketing, News, Strategy Tagged With: Apple, Nokia, Samsung. HTC, Taiwan Fair Trade Commission

Did Vendors Force Electronics Expo into Bankruptcy?

April 4, 2013 by Ted Leave a Comment

Image from Electronic Expo websiteIn a series of filings associated with the Chapter 11 voluntary bankruptcy filing by Wayne, NJ-based Electronics Expo, we are learning new details on the slippery slope the company found itself facing in 2012 – a slope that landed them in court, seeking protection from creditors. The filings included an affidavit from company Managing Member and President Levent (known as Leon) Temiz that said circumstances left them with “no alternative but to conclude that a reorganization under Chapter 11 was the best way to stabilize the Debtor’s financial condition and maintain sufficient flexibility to restructure its debt while continuing to operate its business.”

What were the factors that drove Electronic Express to bankruptcy?… [Read more…] about Did Vendors Force Electronics Expo into Bankruptcy?

Filed Under: Financial, Law, News, Pivot Point, Retailers Tagged With: Electronics Expo, Leon Temiz

Tech Data Must Restate Financials for Last Three Years

March 22, 2013 by Ted Leave a Comment

BREAKING NEWS

Tech Data logoClearwater, FL-Based Tech Data Corp. said today that it will restate some of its financial results for the period of time covering the fiscal years of 2011, 2012, and 2013. According to the company, it has discovered “improprieties” with how its U.K. subsidiary reflected vendor accounting.

See more on this surprising announcement…find out how big the impact will be… [Read more…] about Tech Data Must Restate Financials for Last Three Years

Filed Under: Distributors, Financial, Law, News Tagged With: Robert Dutkowsky, Tech Data

CEDIA’s Seer was Right – Driverless Car Moves One Step Closer to Reality

September 27, 2012 by Ted Leave a Comment

Photo of Dr. Michio KakuAt the CEDIA Expo in Indianapolis earlier this month, the event’s keynote presentation was by the well-known physicist, author, and TV personality Michio Kaku who presented his rather dramatic view of the future – complete with a rash of technology predictions. Kaku’s presentation covered a lot of ground including military technology, the home of the future, the office of the future, future medical technology, and even the future of car technology.

Today, we found out that at least one of Kaku’s predictions is coming closer to reality, faster perhaps than even he imagined… [Read more…] about CEDIA’s Seer was Right – Driverless Car Moves One Step Closer to Reality

Filed Under: Law, News, Pivot Point, Research, Shows & Events, Strategy, Tech Trends Tagged With: autonomous car, California, driverless car, Google. Toyota, Jerry Brown, Michio Kaku, predictions, Prius, trends

Former Retail Shining Star Vann’s Declares Bankruptcy

August 15, 2012 by Ted Leave a Comment

Vann's LogoBased in Missoula, Montana, Vann’s Inc. has been a shining star of the retail business – for years a hearty player in a rugged part of the country where only the strong survive. Founded in 1961 by Pete Vann, the company has steadily grown over the years – adding locations, diversifying retail formats, and even expanding into online sales. But signs of stress began to emerge this year with the company closing one location in February, then replacing long-time CEO George Manlove in June with a CEO from outside the company, losing the support of a key lender in July, and finally declaring bankruptcy just a little over one week ago.

How did this all happen?…. [Read more…] about Former Retail Shining Star Vann’s Declares Bankruptcy

Filed Under: Economic Trends, Industry Trends, Law, News, Pivot Point, Retailers, Specialty, Strategy Tagged With: BigSkyCountry.com, Denon, GE Capital Solutions, GE Commercial Distribution, George Manlove, Jerry McConnell, Klipsch, Marantz, ON Store, Onkyo, Pete Vann, PRO Group, Vann's, Velodyne, Yamaha

Gibson Guitar Admits It Broke the Law; Settles with DOJ to Avoid Criminal Prosecution

August 8, 2012 by Ted Leave a Comment

500px-Gibson_logo.svgGibson Guitar Corp., a manufacturer of musical instruments and significant shareholder in Onkyo Corp. and majority owner of Onkyo USA, has entered into a “Criminal Enforcement Agreement” with the U.S. Department of Justice settling matters and circumstances surrounding government allegations of their illegal purchase and importation of woods and materials protected by environmental regulations and laws. As part of their settlement, Gibson admits the government’s allegations are true, agrees to pay a penalty of $300,000, agrees to an additional “community service” payment of $50,000 to the National Fish and Wildlife Foundation, implements a strict compliance program (approved by DOJ enforcers) to prevent future violations, and relinquishes claim to more than $260,000 worth of government-seized illegally imported materials. [Read more…] about Gibson Guitar Admits It Broke the Law; Settles with DOJ to Avoid Criminal Prosecution

Filed Under: Law, Management, Manufacturers, News, Pivot Point, Strategy Tagged With: Gibson Guitar, Henry Juszkiewicz, Lacey Act, Onkyo Corp., Onkyo USA, U.S. Dept. of Justice

Third Time’s the Charm? Colorado vNet – Now 3vNet – Certainly Hopes So

June 18, 2012 by Ted Leave a Comment

BREAKING NEWS

3vNet LogoColorado vNet, the high-tech control and home automation company that has had an up-and-down roller-coaster existence – dying twice, only to be reborn twice – and eventually given-up on and sold off…hopes that the old adage, “third time’s the charm” is true. CEO Mike Anderson announced today that he is re-launching the company with a new brand – now 3vNet – and a new attitude, telling us that this is not a makeover, but in fact a whole new company with new facilities, new engineering, and a new higher level of tech support the likes of which dealers haven’t seen in years.

See what the all-new  3vNet has in store to excite dealers & drive market share…

[Read more…] about Third Time’s the Charm? Colorado vNet – Now 3vNet – Certainly Hopes So

Filed Under: Brands, Industry Trends, Law, Management, Marketing, News, Pivot Point, Specialty, Strategy Tagged With: 3vNet, Bill Beierwaltes, Colorado vNet, Control4, Crestron, dealer education, engineer, Longmont, Loveland, Mike Anderson, NetStreams, Russound, training

Sol Republic Wins Round 1 of Heavyweight Boxing Match with Signeo

June 14, 2012 by Ted Leave a Comment

Soul HeadphonesEarlier this year, we reported on a trademark infringement suit filed by Signeo USA, LLC, vs. Sol Republic. Signeo is the corporate name for a company better known in the trade as the Soul by Ludacris brand of headphones. Sol Republic denied Signeo’s allegations and filed a counter-suit suggesting, amongst other things, that Signeo’s trademark application was improper. Signeo also filed a motion for a preliminary injunction, seeking a court order to stop the sales of Sol Republic products.

There are lots of twists – and the court has rendered its verdict on the injunction… [Read more…] about Sol Republic Wins Round 1 of Heavyweight Boxing Match with Signeo

Filed Under: Brands, Law, Management, News, Pivot Point Tagged With: Bob Cole, Dave Workman, Kevin Lee, Lan Kennedy-Davis, PRO Groupo, Rob Standley, Scott Hix, Signeo, SOL Republic, Soul by Ludacris, Vann's, World Wide Stereo

Russound Pulls the Plug on Colorado vNet

December 30, 2010 by Ted Leave a Comment

Colorado Town Council Plans Lawsuit

Russound Logo<December 29, 2010> In a move that will not surprise many in the industry, Russound has decided to close Colorado vNet fourteen months after purchasing it in October 2009. The move appears to be related to a breakdown in negotiations with the town of Loveland, Colorado which had provided the company’s previous owners with $900,000 in incentives to move operations there…and had renegotiated a $500,000 deal with new owner Russound. [Read more…] about Russound Pulls the Plug on Colorado vNet

Filed Under: Industry Trends, Law, Management, Manufacturers, News, Pivot Point, Specialty, Strategy Tagged With: Charlie Porritt, Colorado vNet, economic development, Longmont, Loveland, Petro Shimonishi, Russound, taxpayers

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Ted Green Bio

A former dealer, manufacturer, distributor & more. Focusing on business strategy, my goal is to help you make better decisions for greater success.

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