Good stuff!
This beats the “who is the father of THE Million dollar baby”-- a non-ending saga.
Good point:
IF the new owner does own the LGB trademarks, and if the Genesis production was actually under the LGB mgmt. in Germany – that’s when the company was intact as the timetable here is critical. It is possible the Genesis “design” and molds were completed much time ago and G45 waited to have those molds filled in China. If so, then there is likely some renumeration – if that has not already happened – between LGBofA and LGB in Germany. Wait! Hold on. If there is renumeration, then there are really two separate companies. LGBofA (G45) would then be dignified as not a gimmick to save the San Diego sandbox under a fake holding company.
My take:
The owner really owns the copyrights and trademarks. Conclusion: He actually “owns” LGBofA and so G45 stays the same as a “service and repair” facility without using the name LGB. G45 goes to whatever location they choose – they, I have been told, are leasing the building. Who knows what they are able to take with them.
We then lose a very good repair facility specifically associated with LGB.
WAIT! Maybe the new owner retains the San Diego operation knowing full well the demand for a repair facility.
Meanwhile #1, the US courts start hearing a breech of contract agreement between LGB of Germany and LGBofA (now called G45). As the out-of state corporate status flys into our Calif. courts.
Meanwhile #2 - G45 produces a 0-6-0 to establish itself as a working entity. The molds are used in China — OH, OH, we find out that the LGB name is on the motor blocks:
- A deal was cut with the German court declaring financial hardship if they can’t sell a product. The new owner challenges the presumption.
OR
- The financial hardship argument was bought by the new owner and he cut a deal for “X” percentage of the sales.
OR
- A law suit follows to cease and desist production and grant all production rights to LGB in Germany.
OR
The court order is given to remove any reference to LGB from the locomotive motor block when the product is sold (who cares if you are using up “old stock motor blocks”).
I’ll see how this plays out – might use it in my argumentation classes.
Keep us appraised!
Wendell