Post by Error on Aug 3, 2010 15:12:32 GMT -5
First ROH, then Greg Price and now Highspots:
I'll try and find the thread on the Greg Price and ROH situations and post the links here instead of posting the whole thing yet again.
Ric Flair vs. Greg Price and the NWA Legends Fanfest
HIGHSPOTS.COM FILES LAWSUIT AGAINST RIC FLAIR, FLAIR'S VERSION OF EVENTS DIFFERS GREATLY FROM OTHERS' CLAIMS
by Mike Johnson @ 4:00 PM on 8/3/2010
Highspots.com's owner and parent company, Michael Bochicchio and Highspots, Inc. have filed a lawsuit against TNA star Ric Flair in the Superior Court of North Carolina,. The lawsuit was filed over the ongoing issues regarding money Flair allegedly owes Highspots and the original National Wrestling Alliance World Heavyweight championship belt, which Highspots claimed they were given as collateral for the loan.
Highspots has maintained possession of the belt and have previously tried to sell the belt to make up the amount they have alleged Flair owes them, only to learn that another entity, Combraco, Inc., already held a lien on the property for money Flair owes them.
Flair's attorney responded to the lawsuit on 7/21, noting that Flair accepting a wire money transfer from Highspots to the tune of $35,000. The agreement, according to Flair's side was that Flair would then do a series of autograph appearances for Highspots to work off the debt.
Flair's attorney claimed to the court that two such appearances were made, which each "generated $10,000 per appearance" while the remaining appearances "were canceled" by Highspots. In the filing, Flair's attorney wrote that the cancellations were made "without prior warning" and that Highspots had "denied Flair the ability under the agreement to repay the balance of the loan."
In regard to the NWA championship belt, Flair's attorney claims that "at no time" did Flair pledge the belt to Highspots as collateral. Flair's version of events is that the belt was brought to the autograph sessions and that Highspots took possession and "refused to return it." In noting the lien to Combraco, Inc., Flair's attorney's claimed that at no time did Flair lead Highspots to believe they had "security interest" in the belt. Flair is claiming Highspots has "wrongful, unlawful and unauthorized possession" of the be
The filing also mentioned that Flair did call the local police in Charlotte "asking for advice on how to retrieve it." In asking around, there was a story making the rounds in the local wrestling scene several months back that several officers came to Highspots' office, trying to get the belt but left after being shown the paperwork regarding the issue.
The filing also featured a claim that Highspots.com failed to pay Flair after an appearance at a "Mid-Atlantic Fan Fest" (obviously, last year's NWA Legends Fanfest in Charlotte) as he was scheduled to work for seven hours and be paid $7,500. Flair's attorney claimed Flair instead worked thirteen hours and was "compensated only $19,000" - and had he been paid for the "full extent of his services", there would have been "sufficient funds" to repay any debt to Highspots.com.
Interesting to note that NWA Legends Fan Fest promoter Greg Price came out publicly several months back regarding his dealing with Flair over the course of that event. His statement, reprinted on Page Two, included a claim that Price cut a deal with Highspots and Flair where Flair received money up front and the remainder would go towards Highspots' debt. Instead, Flair allegedly held Price up for much more money during the course of the event, which Price eventually paid Flair and not Highspots. Obviously, Flair and Price's accounts greatly differ from the other.
Flair's filing asked that Highspots be denied all of their claims, that the court rule that any debt to the company has been satisfied and that the NWA World championship belt be returned to his possession and that Highspots be forced to pay the court costs.
by Mike Johnson @ 4:00 PM on 8/3/2010
Highspots.com's owner and parent company, Michael Bochicchio and Highspots, Inc. have filed a lawsuit against TNA star Ric Flair in the Superior Court of North Carolina,. The lawsuit was filed over the ongoing issues regarding money Flair allegedly owes Highspots and the original National Wrestling Alliance World Heavyweight championship belt, which Highspots claimed they were given as collateral for the loan.
Highspots has maintained possession of the belt and have previously tried to sell the belt to make up the amount they have alleged Flair owes them, only to learn that another entity, Combraco, Inc., already held a lien on the property for money Flair owes them.
Flair's attorney responded to the lawsuit on 7/21, noting that Flair accepting a wire money transfer from Highspots to the tune of $35,000. The agreement, according to Flair's side was that Flair would then do a series of autograph appearances for Highspots to work off the debt.
Flair's attorney claimed to the court that two such appearances were made, which each "generated $10,000 per appearance" while the remaining appearances "were canceled" by Highspots. In the filing, Flair's attorney wrote that the cancellations were made "without prior warning" and that Highspots had "denied Flair the ability under the agreement to repay the balance of the loan."
In regard to the NWA championship belt, Flair's attorney claims that "at no time" did Flair pledge the belt to Highspots as collateral. Flair's version of events is that the belt was brought to the autograph sessions and that Highspots took possession and "refused to return it." In noting the lien to Combraco, Inc., Flair's attorney's claimed that at no time did Flair lead Highspots to believe they had "security interest" in the belt. Flair is claiming Highspots has "wrongful, unlawful and unauthorized possession" of the be
The filing also mentioned that Flair did call the local police in Charlotte "asking for advice on how to retrieve it." In asking around, there was a story making the rounds in the local wrestling scene several months back that several officers came to Highspots' office, trying to get the belt but left after being shown the paperwork regarding the issue.
The filing also featured a claim that Highspots.com failed to pay Flair after an appearance at a "Mid-Atlantic Fan Fest" (obviously, last year's NWA Legends Fanfest in Charlotte) as he was scheduled to work for seven hours and be paid $7,500. Flair's attorney claimed Flair instead worked thirteen hours and was "compensated only $19,000" - and had he been paid for the "full extent of his services", there would have been "sufficient funds" to repay any debt to Highspots.com.
Interesting to note that NWA Legends Fan Fest promoter Greg Price came out publicly several months back regarding his dealing with Flair over the course of that event. His statement, reprinted on Page Two, included a claim that Price cut a deal with Highspots and Flair where Flair received money up front and the remainder would go towards Highspots' debt. Instead, Flair allegedly held Price up for much more money during the course of the event, which Price eventually paid Flair and not Highspots. Obviously, Flair and Price's accounts greatly differ from the other.
Flair's filing asked that Highspots be denied all of their claims, that the court rule that any debt to the company has been satisfied and that the NWA World championship belt be returned to his possession and that Highspots be forced to pay the court costs.
I'll try and find the thread on the Greg Price and ROH situations and post the links here instead of posting the whole thing yet again.
Ric Flair vs. Greg Price and the NWA Legends Fanfest
