Gunboat International and Hudson Yachts settle legal dispute
November 23, 2016
The companies said the settlement is subject to bankruptcy court approval.
The companies said the settlement is subject to bankruptcy court approval.
Grand Large Yachts bought Gunboat International for $910,000 in cash and has committed to continue the brand and to have a U.S. presence.
Gunboat International was sold at auction to GL Yachting USA and the sale is expected to close on Friday.
The company announced this week that founder and president Peter Johnstone stepped down.
Gunboat International, a manufacturer of luxury carbon fiber sailing catamarans, is headed to auction.
Peter Johnstone, of the iconic boatbuilding clan, has a cheering section as he steers through a fiscal ‘perfect storm.’
Gunboat International filed for Chapter 11 bankruptcy protection on Wednesday.
Taiwan-based Hudson Yacht and Marine Industries blamed design flaws in Gunboat International’s models.
Taiwan-based Hudson Yachts and Marine Industries Inc. is “vehemently” denying allegations in the lawsuit.
Gunboat International is suing a yard in China that it had contracted to build its largest models.
The companies said the settlement is subject to bankruptcy court approval.
Grand Large Yachts bought Gunboat International for $910,000 in cash and has committed to continue the brand and to have a U.S. presence.
Gunboat International was sold at auction to GL Yachting USA and the sale is expected to close on Friday.
The company announced this week that founder and president Peter Johnstone stepped down.
Gunboat International, a manufacturer of luxury carbon fiber sailing catamarans, is headed to auction.
Peter Johnstone, of the iconic boatbuilding clan, has a cheering section as he steers through a fiscal ‘perfect storm.’
Gunboat International filed for Chapter 11 bankruptcy protection on Wednesday.
Taiwan-based Hudson Yacht and Marine Industries blamed design flaws in Gunboat International’s models.
Taiwan-based Hudson Yachts and Marine Industries Inc. is “vehemently” denying allegations in the lawsuit.
Gunboat International is suing a yard in China that it had contracted to build its largest models.
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