LOS ANGELES, Nov. 10, 2022 (GLOBE NEWSWIRE) -- In a legal business dispute waged in the United States and Mexico, a U.S. District Court judge Wednesday entered judgment on a jury’s verdict that the Mexican defendants, Luis Barroso De La Fuente and a rival company he created, conspired to breach fiduciary duties owed to their U.S. partner, City of Industry-based Kolay Flooring International, LLC and its owner, President & CEO Dan Mitchell.
“What’s right is right, and crime is never right,” Mitchell said.“It cannot be allowed to let stand.” Black Walnut
Meantime in Mexico, Kolay and Mitchell have filed actions against Barroso De La Fuente alleging unfair competition and claiming he illegally registered a Kolay trademark there in his own name without authorization from Mitchell or Kolay. Kolay’s Mexican counsel said Mitchell and Kolay may pursue lost profits and damages after those matters are resolved. Also, local partners of Mitchell and Kolay are seeking criminal actions and an injunction against Barroso De La Fuente regarding alleged threats made to Mitchell and his Kolay partners.
The company created by Barroso De La Fuente and his father in Mexico is Pisos Kolay, S.A. de C.V., which changed its name to Lalur, S.A. de C.V., after Mitchell became aware of Barroso De La Fuente’s misconduct. U.S. District Court Judge Josephine Staton ruled in the judgment that Pisos Kolay and Lalur are the same entity, despite arguments from Barroso De La Fuente and Pisos Kolay that the companies should be treated separately.
Allegations against Barroso De La Fuente and his company in the U.S. case included, among others, claims for breach of fiduciary duty and conspiracy to harm Kolay.
Kolay Flooring International, LLC is a leading manufacturer with over 25 years of experience in the manufacturing, distribution and sales of floor covering. Kolay broadened its product offering to include quality hard surface flooring, which consists of profile baseboard, luxury vinyl, SPC®, and woven vinyl flooring. Kolay is headquartered in the City of Industry, CA, just east of Los Angeles.
Contact: For inquiries in U.S. Gary Watts, Kolay CFO 909-444-2745
Oak Flooring For inquiries in Mexico Alberto Huerta Bleck, Partner, Calderon De La Sierra +52 (55) 5047-7500 Ext. 2201 email@example.com