- Bob Evans restaurant in Cape Girardeau among chain's 21 closings (04/26/16)9
- Cape student sues, accuses school officials of slamming her to ground multiple times (04/28/16)40
- Two hurt in motorcycle wreck on Interstate 55 (04/25/16)1
- Ray's of Kelso, Plaza by Ray's to change ownership; Fonn to buy enterprise (04/20/16)3
- Missouri House votes to allow concealed weapons without permits (04/28/16)6
- Cape council approves nearly $1M in park, sculpture projects with little public discussion (04/22/16)37
- Law firm requests information about Cape's traffic cameras (04/25/16)2
- Tanker truck catches fire near Oak Ridge (04/24/16)7
- Local lawmakers split over failed medical marijuana bill; voters may have a say (04/26/16)19
- Local company makes eco-friendly kitty litter that cuts cat-box smell (04/25/16)
Other lawsuits against Renaissance
To the editor:
It is unfortunate that Renaissance was unable to produce airplanes in Cape Girardeau. Your article said Renaissance has won all of its litigation but could not recover. That is a misstatement propagated by its attorney. I know, because I was the president of the foundation and have been intimately involved.
The foundation sued Renaissance because it chose to re-interpret and not to comply with its license agreement to produce airplanes. Renaissance obtained an arbitration award against the foundation, but that award was modified by the courts and eventually never confirmed. That award was obtained by materially misrepresenting in testimony Renaissance's capacity, expertise, FAA approvals and financing to produce.
Concurrently, Renaissance attempted to obtain from a third party (with no legal right to sell it) certain property (factory tooling) titled to others. Those acts precipitated a second suit against Renaissance for fraud and conversion, which the foundation (as one rightful owner) was forced to abandon due to its own bankruptcy precipitated by Renaissance's three litigations attempted against the foundation directors. Other claimants to the property remain. John Dearden and Renaissance were also sued by investors in Maryland for fraud in 2000. Renaissance continues to defend at least one suit, in which I am a party, for converting the property of others.
Cape Girardeau is lucky and will come out of this a winner by selling a nice building or finding a genuine business to lease it that will ultimately have a positive impact on the community.
DOUG COMBS, Gilbert, Ariz.