Journey with Confidence RV GPS App RV Trip Planner RV LIFE Campground Reviews RV Maintenance Take a Speed Test Free 7 Day Trial ×
RV Trip Planning Discussions

Go Back   iRV2 Forums > TRAVEL TRAILER, 5th WHEEL & TRUCK CAMPER FORUMS > Expandables, Hybrids, & Lightweights Discussion
Click Here to Login
Join iRV2 Today

Mission Statement: Supporting thoughtful exchange of knowledge, values and experience among RV enthusiasts.
Reply
  This discussion is proudly sponsored by:
Please support our sponsors and let them know you heard about their products on iRV2
 
Thread Tools Search this Thread Display Modes
 
Old 01-25-2005, 04:55 AM   #1
Member
 
Join Date: Mar 2003
Location: New Jersey
Posts: 65
BREAKING NEWS
Award Tripled in Fleetwood, Coleman Case

News from:
RV Business
Friday, January 21, 2005


Fleetwood Enterprises Inc. announced today (Jan. 21) that a Kansas judge had nearly tripled the award for damages to The Coleman Co. in its case against Fleetwood Folding Trailers Inc.

According to a press release, the judge awarded Coleman approximately $14.6 million. Previously, the jury had ordered Fleetwood to pay Wichita, Kan.-based Coleman $5.2 million. Fleetwood said it would be appealing the decision.

Riverside, Calif.-based Fleetwood restated that the payment would be reflected in the company's fiscal third quarter, ending Jan. 23. Coupled with a slowdown in retail sales, Fleetwood had previously revised expectations for the third quarter, indicating the loss would be wider than anticipated.

The firm is still expecting to be profitable in its fourth quarter, but the recent ruling now "makes it less likely" that Fleetwood would be profitable for the full fiscal year.

"There is no basis for treble damages in a case of this nature, and there is no precedent for such an award," said Edward B. Caudill, president and CEO. "We fully intend to appeal this ruling."

Caudill added, "We will not be required to make any payments on this judgment until the appeal process is fully completed. We will be required to post a bond in order to pursue an appeal, but we reiterate our prior statement that we believe we have a sufficient combination of cash, borrowing capacity and access to other sources of external funding to continue to meet our foreseeable cash flow requirements."
__________________
2001 Coleman Caravan 25SL
2002 Chevy Silverado 2500HD
Jim Wilson is offline   Reply With Quote
Join the #1 RV Forum Today - It's Totally Free!

iRV2.com RV Community - Are you about to start a new improvement on your RV or need some help with some maintenance? Do you need advice on what products to buy? Or maybe you can give others some advice? No matter where you fit in you'll find that iRV2 is a great community to join. Best of all it's totally FREE!

You are currently viewing our boards as a guest so you have limited access to our community. Please take the time to register and you will gain a lot of great new features including; the ability to participate in discussions, network with other RV owners, see fewer ads, upload photographs, create an RV blog, send private messages and so much, much more!

Old 01-25-2005, 04:55 AM   #2
Member
 
Join Date: Mar 2003
Location: New Jersey
Posts: 65
BREAKING NEWS
Award Tripled in Fleetwood, Coleman Case

News from:
RV Business
Friday, January 21, 2005


Fleetwood Enterprises Inc. announced today (Jan. 21) that a Kansas judge had nearly tripled the award for damages to The Coleman Co. in its case against Fleetwood Folding Trailers Inc.

According to a press release, the judge awarded Coleman approximately $14.6 million. Previously, the jury had ordered Fleetwood to pay Wichita, Kan.-based Coleman $5.2 million. Fleetwood said it would be appealing the decision.

Riverside, Calif.-based Fleetwood restated that the payment would be reflected in the company's fiscal third quarter, ending Jan. 23. Coupled with a slowdown in retail sales, Fleetwood had previously revised expectations for the third quarter, indicating the loss would be wider than anticipated.

The firm is still expecting to be profitable in its fourth quarter, but the recent ruling now "makes it less likely" that Fleetwood would be profitable for the full fiscal year.

"There is no basis for treble damages in a case of this nature, and there is no precedent for such an award," said Edward B. Caudill, president and CEO. "We fully intend to appeal this ruling."

Caudill added, "We will not be required to make any payments on this judgment until the appeal process is fully completed. We will be required to post a bond in order to pursue an appeal, but we reiterate our prior statement that we believe we have a sufficient combination of cash, borrowing capacity and access to other sources of external funding to continue to meet our foreseeable cash flow requirements."
__________________
2001 Coleman Caravan 25SL
2002 Chevy Silverado 2500HD
Jim Wilson is offline   Reply With Quote
Old 01-25-2005, 06:49 AM   #3
Senior Member
 
John Harrelson's Avatar
 
Join Date: Apr 2003
Location: Carson City, Nevada USA
Posts: 417
I must be missing something Jim,, because I have no idea WHAT the lawsuit is about.

What happened ??

thanks,
John
John Harrelson is offline   Reply With Quote
Old 01-25-2005, 10:18 AM   #4
Member
 
Join Date: Mar 2003
Location: New Jersey
Posts: 65
This has actually been big news for quite some time now. Basically, it's a spitting contest between a bunch of big corporations. And there's a lot of money involved.

To summarize... Coleman caught Fleetwood branding products with their name, but without their authorization. They told them to stop, but apparently Coleman and Fleetwood interpreted the contract differently.

Coleman sued Fleetwood to make them stop using the name on any products. Fleetwood, in turn, sued Coleman for breach. Coleman won, and the judge found Fleetwood in breach and awarded them 5 million (which was later upped to 14, which is what I posted above). Coachmen then licensed the Coleman name, and started to produce a new line of PU's (and a soon to be released hybrid). Fleetwood was ******, so they sued Coleman and Coachmen.

A week before Coachmen was set to unveil the new Coleman PU's Fleetwood got an injunction preventing anyone from ever using the Coleman name on an RV again. So, Coachmen sued Coleman and Fleetwood.

Bottom line? Everyone is suing everyone else, and chances are you've seen your last Coleman banded RV of any type. As usual, only the lawyers are getting anything out of the deal...
__________________
2001 Coleman Caravan 25SL
2002 Chevy Silverado 2500HD
Jim Wilson is offline   Reply With Quote
Old 05-24-2005, 08:29 PM   #5
Registered User
 
Join Date: Sep 2003
Posts: 53
It's all sad really. The Coleman family probably has more money than some third world countries. To me it would have all to simple for Fleetwood to amend the contract with Coleman. I pretty sure what brought all this about was the Caravan. There were no clauses in the contract to produce a TT with the Coleman name on it. But, there wasn't anything writen disallowing either. How Fleetwood got away with it for three years is anybodys guess. On the day (August 2003) when I purchased our 2004 Caravan, my dealer just got a phone call from corporate (Fleetwood) to remove any and all Coleman signs and decals from the store front and on the new popups on the lot. They even thought of removing it from mine, but it was sold and they couldn't touch it. I guess mine is a collectors item now. Whoopie!
Del Monte is offline   Reply With Quote
Reply



Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
 
Thread Tools Search this Thread
Search this Thread:

Advanced Search
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off


Similar Threads
Thread Thread Starter Forum Replies Last Post
Gerry Spence Wins Another One Jayco1 Just Conversation 1 01-02-2007 04:58 AM
coleman vs fleetwood gazingm42 Pop Up, Tent Trailer and Teardrop Topics 3 10-06-2005 02:44 AM
Used Truck Shopping...D/A wins..maybe. Paul Clancy Trailer Towing and Tow Vehicles Discussion 7 05-11-2005 10:17 AM
New England Wins Jersey Bob Northeast Region 1 02-06-2005 05:24 PM
Coleman wins more $$ from Fleetwood Jim Wilson Pop Up, Tent Trailer and Teardrop Topics 1 01-25-2005 04:12 AM

» Featured Campgrounds

Reviews provided by


All times are GMT -6. The time now is 07:28 AM.


Powered by vBulletin® Version 3.8.8 Beta 1
Copyright ©2000 - 2024, vBulletin Solutions, Inc.