Your favourite surfer goes after the no-longer bankrupt Quiksilver for $3.59 million!
(Editor’s note: As it transpires, our little piece of second-hand reporting might be wrong. There was a comment that appeared, briefly, in the three below from Dane Reynolds aka sealtooth that read: “I don’t normally chime in on this stuff but this is so very false and super embarrassing.” Rory Parker’s legal connection, his gal, swiftly rounded up all the documents tended to the court and…ooowee… y’ain’t seen nothing like it. Offer letters, rejections, odd clauses like this:
And, every single detail about his contract. We release these fabulous documents tomoz!)
Dane Reynolds is suing Quiksilver in Delaware court, reports Swellnet.
At issue is $3.59 million bucks purportedly owed to Mr Reynolds, possibly due to a breach of contract stemming from Quik’s inability to remove Dane from promotional materials in a timely manner once he’d abandoned the sinking ship.
Because the state is the closest thing to an offshore tax haven that exists within US borders.
The state features minimal taxes, corporate friendly laws, and the ability to operate anonymously. Great place to hide money, avoid paying your fair share. Lawyer wife has been urging Mr Derek to incorporate BeachGrit there for a while. You can do it online, no need to pay Australia’s terrible taxes.
Skirt the upside-down country’s oppressive libel laws to boot. You could still totally sue us, but it wouldn’t be nearly as easy. And I’d get a lot less stuff edited because being mean in the absence of facts is apparently a crime down under.
The article also mentions another suit related to $7.3 million dollars in severance monies owed to former employees.
It’s really no surprise that a bankrupt company is being sued for money owed. After all, that’s the point of bankruptcy. Screwing your creditors.
Once the wife gets home I’ll force her to search the legal databases that totally confuse me. Will report any new information she can shake loose.
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Melt-down? you’re implying I gave a shit? Wasn’t my fuck up, and anyway I just work the comment section. I deleted my comment because it was lame. But those sort of inflammatory articles blow the click counts through the roof.. thats something I give a shit about.
Lol I did read the filings, and so far they don’t contradict a word I wrote.
You definitely have the venue issue sorted out correctly – Rory couldn’t have fucked that one up any harder. But what’s this about a motion by QS? My assumption here would simply have been that the court needs to review the prior settlement to be sure it wasn’t a fraudulent transfer and nothing more.
Nah I’m dope af
Dane reads BeachGrit!??
Apparently.
Doubt he’s gonna be very happy with us at the end of today.
Opening line: “Dane Reynolds is suing Quiksilver in Delaware court, reports Swellnet”. Well done Rory. Referencing your source so early and efficiently saved you from looking like a real fucking idiot. It also helped that the majority of the piece was based around Delaware’s tax policies. So this I guess, is why Universities are so stringent on reliable referencing.
This said, what really would of saved it would of been waiting for your wife to get home in the first place.
Well, actually, it’s the other way around: without message boards the anonymous wouldn’t get the chance to spout off on subjects we know little about, as we tend to do.
Man… Rory Parker and Beach Grit, you guys are just so off point here. But this is just a matter of course for you guys. Even though Stab isn’t doing a great job of vetting its claims, they’re way more on the mark than this sham of an article.
The original Reuters article’s references to the alleged suit are as follows:
1. “Surfwear retailer Quiksilver Inc and professional surfer Dane Reynolds
are battling over $3.6 million the surfer says he is owed from a
sponsorship deal from before the company went through its bankruptcy
reorganization”
2. “Reynolds’ demand is unjustified because he agreed last year to give up
all claims related to the deal, Quiksilver said in court papers on
Tuesday.”
BUT, the article also notes that the lawyer who is allegedly bringing this claim on Dane’s behalf MIGHT NOT EVEN BE Dane’s lawyer, and it sure seems that Dane doesn’t know what the hell is up, much less support the idea of suing Quiksilver (we can thank Stab for this because… get this… they actually thought it was a good idea to seek comment from the subject of their article).
Apparently, seven days after Dane’s termination agreement was executed, another lawyer (one who didn’t represent Dane during his termination negotiations), “filed court papers on behalf of 10 claimants, including Reynolds.” I, nor anybody else who hasn’t seen these filings (that includes Beachgrit, Swellnet, Stab, etc…) can make any claims about the existence of a lawsuit!
Even more importantly, Reuters article quotes Dane’s ACTUAL lawyers as saying, “There is no ongoing issue or dispute between the parties.”
So even if we assume the author of the Reuters article looked at the actual case filing, why on earth would Dane’s lawyers so confidently deny the existence of a dispute, and why in god’s name would Reuters jump to publish this despite contradictory claims unless they could give evidence about the suit itself, especially since that other lawyer “was not immediately available for comment”? These are questions that anybody reporting on this matter should have been asking before publishing.
I’m not a frequent visitor of this site, but from what I’ve read, I think it’s hilarious that beachgrit fancies itself as some brave “go where others won’t” check on the industry-dependent, neutered surf media. What courage it takes to throw someone under the bus on absolutely baseless claims! Bravo!
Lol and thanks for the lesson on the benefits of incorporating in Delaware. I mean that’s just totally relevant, huh?
Aaaand, just so it’s all in one neat place, and in the hopes of counteracting this shite piece of “journalism,” here’s what I posted on StabMag:
“First of all, Stab should pay their people to do actual research instead of just taking one side’s account.
Second,even if you assume Dane/Blair don’t know what’s actually happening, their statements don’t necessarily suggest that Dane has a suit against Quik. That’s because a termination agreement will list all claims that could potentially arise down the road. So, if Quik’s lawyers looked at Quik’s promo materials and saw that Dane might have a legitimate claim against them at some point, they would list that claim as one of the terms of the termination agreement (or else risk liability for malpractice). All this means is that as soon as Dane signs, he can’t sue them down the road (even if he never intended to), which is the hit he’s willing to take to get out of the sponsorship deal. This $3.6 mil.”claim” might just relate to one of the conditions of his termination agreement, not to an actual lawsuit.
If a bankruptcy court had to go back and review all of Quik’s contracts, that would definitely include Dane’s termination agreement, which means that the (hypothetical) claim is still on the table, until the court approves it. This doesn’t mean Dane would have a suit by default at all, it just shows how messy and public bankruptcies are.
But, if Stab actually did their homework, they’d see that the actual release says that a lawyer from another firm (who hadn’t represented Dane during termination agreements), filed suit against Quik with Dane’s name listed as one of 10 claimants. The lawyer never responded for comment before the article was published, though. Hard to tell whether it’s a case of shitty journalism, or a case of greedy lawyering, but it’s probably safe to assume Dane’s telling the truth when he says he’s not suing Quiksilver.”
Oh fffs. Where is the fun in that?
Celebrate life. Get it wrong.
We surfers are just dumbs.
See the pretty videos and photos. That’s life!
Updates up now…
Why Derek just sent me a cheque for this very reason… 90% goes to me obviously and the remaining 10% is spread out amongst you lot… So where do you want your $0.02 Rupiah sent to Mullet?
Is it $0.02 Rupiah or food tokens?
Shut up!
the only decent bit of “journalism” in that piece is a comment from CherBoii
so he is owed money though? he’s a creditor
Bravo!
once you can make money in Delaware, it’ll be great. my state is the 8th largest economy in the world, and we don’t apply anyone else’s case law unless the parties agreed to it, which Dane’s management apparently did.
Dane’s gratitude is like his skills on competition
his competitive exploits are his main draw too! what a joke. how did he get famous? gringo conspiracy? dude definitely can’t surf.
signed, Kim Kardashian.
So very thankful then? 5 years on tour, Of that. 1 year in the top 10, and another in the top 5.
This is getting good…..
Hahahahaha get down on your knees slave!
Geez Wigg, really rolling out the red carpet treatment…
Hmm… I won’t lie, I regret my choice of words on the only opportunity I’ll ever get to make Dane Reynolds phone beep. I knew I had to be quick.
I gotta ask, Does your phone beep, when someone on Disqus responds to one of your posts?
Yeah it buzzes. It’s a fucking nightmare. Every morning I wake up with 30+ notifications of people calling me a fuck wit.
That’s some next level internet warrior shit Wigg’s… I thought I had a problem.
If they ain’t paying you Negs. You’ve got a problem. But yes, it’s a problem for me too.
I volunteered my services and I’d be here anyway… Playing God is intoxicating Wigg. You’d love it.
For the record. Since Christie Brinkley’s joined BeachGrit I get paid a percentage every time someone visits this site. Hits are growing, at this rate I might be able to buy a happymeal at MacDonalds for each member of my family this xmas.
Ha I would love to hear what Mrs Negs thinks of you “playing god” for happy meals mate but I appreciate it. I would love it. I keep offering my services to the Inertia and James B but no bites yet. Thank god for Christies dusty old jewellery box. What a stunning woman she was.
Nearly all C-Corporations are incorporated in Delaware. Nothing crazy unique about that. Hope there’s $ left by the time he gets to the front of the line.
easy rosenburg, most fuckers that don’t want to pay their state taxes and think filing your shit in another state gets you out of it incorporate in Delaware. don’t let Nevada and Wyoming hear you say that though, they want a piece now too.
Just a side note: tax wise, this is all pretty useless in CA. Regardless of where you incorporate, California is taxing your ass if you “do business” there.
Dane has discovered suing his former boss is the only way to raise capital for “Destroyer”. If he can’t fund Destroyer then he won’t be able to get little Sammy a house in front of Pipeline to practice his bitch snaps. Where will Kai Neville hide the children?
Ouch!
If I’m being completely honest…. if Dane gave me as much as a high five I’d consider my life complete. It doesn’t excuse him from having some shit ideas though. For instance, I don’t think his drawings are very good.
I’m not sure if I’ve seen his drawings, and to be candid, I’d be afraid to look. I like his surfing, however. And basically telling the WSL to kiss his dick: gold!
His Summer Teeth vehicle was a disaster. Kinda like Slater’s “music” career. But he’s still Dane so…
More like KS’s Outerknob.
Did you see that Dane saw what you said…. he deleted his comment though.
If you’re fucking with me then that is just mean! Like I said…I love Dane the surfer…Dane the artist…not so much.
Na… I’m pretty confident sealtooth1 is Dane. He had made 5 comments in like 4 years and half of them were trying to help people see videos on marine layer. He saw you say his art is shit.
Hey, Dane…don’t be a stranger!
that shit was selling, Quik killed it when they saw what was going on. they were only behind the idea of him having a creative outlet, not him actually selling the clothes they sponsored him to sell for them
Then I guess Quik’s bankruptcy was a concerted effort. Seems stupid that they’d kill if it were profitable. But then again…this is the surf industry.
Reason number 1,358 why Lemmy hates me…shook Dane’s hand at the Haleiwa Pro a few years ago. Yes, I smiled like an idiot.
I hate you so much..words simply could not describe the loathe I have for you
Yes…. yess…. keep going. I’m holding my hands out to feel the warmth of this roast.
Loathe…good word. Definitely one of my favorites.