Wendell Hanks said:
Would HJ, or others who have current LGB vocabulary, please give an update as to the current principals involved in the LGB ownership
discussion. Principal names do enter the conversation and they leave it.
The following may be helpful in garnering information about the status of the LGB company – whether LGB of America or LGB of Germany.
As of May 1, 2007:
Who now actually owns LGB of America as seen by the German court? U.S. court? U.S. District Court, Or?
Who is defending that they actually own LGB of America?
Are the LGB of America owners also the registered owners of G45?
Is G45 a marketing or alternative name for LGB of America?
Is LGB of Germany or was LGB of Germany the registered owner of LGB of America prior to the reported bankruptcy?
Is there a financially solvent corporation now involved in the purchase of either or both LGB of America and LGB of Germany?
Thanks,
Wendell
Wendell,
Note: I am not a lawyer, I am not a banker! I am just an interested bystander who is mighty intrigued by what has transpired and even more intrigued by what thus far is not for publication!
To the best of my abilities and what has become public knowledge:
a) as far as is known the German courts have not been asked to decide who owns LGBoA. It is public knowledge that LGBoA was either “transferred” or “sold” to G45. Interpretations of either term have not been rendered by a court in this particular case.
b) The assets of LGBoA have either been “transferred” or “sold” to G45. G45 is therefor supposedly the owner of the LGBoA assets - whatever they may be! The ownership of G45 is unknown since a Delaware incorporated entity is not obliged to devulge details.
c) The purpose of G45 is not known (see b) but usually Delaware incorporations include everything (including the proverbial kitchen sink) to leave enough latitude. Note to Jack B: Yes, I learned all that by starting with the relevant entries in Wiki and following the links; yes, there are those who think I have too much time and I’m much too curious!
d) Interchange the one for the other and you will still not know! What is known David Buffington is President of G45, Anthony Castellano is President of LGBoA. BTW LGBoA is registered in California as a DE corporation.
e) Incorporation Dates? Hmmmmmmmm very good question! Let me get back to you on that, it’s somewhere in the files here!
e) Since when is LGBoA for sale? Yes, there are several financially solvent parties interested in the insolvent EPL Patentwerk oHG, in alphabethical order Intro/LGBoA, Kingsbridge Capital/Märklin, perhaps Piko. It is known the first two are bidding, the third has not been documented as a bidder.