More on (Regus) vs @RMGNetworks
Adrian J Cotterill, Editor-in-Chief
We wrote on Friday July 11, 2014 of Crown Enterprises SA RL (Plaintiff) v. RMG Networks Holding Corporation (Defendant) Case Number: 3:2014cv02445 Filed July 8, 2014 which we then believed, in some shape or form, involved Regus.
Having now had the time to review the court paperwork we can reveal that it is (1) a breach of contract case and that as Crown Enterprises’ sister company operates over 577 business centers in North America, (2) it does indeed refer to Regus.
Crown Enterprises states that it agreed to incur substantial costs in order to “install a system designed to broadcast RMG’s video advertising and content programming in over 577 business centers that Crown Enterprises’ sister company operates in the United States”.
It continues “In exchange, RMG was obligated to share the net revenue that RMG received from the sale of advertising, and was further obligated to make minimum quarterly payments to Crown Enterprises”.
Crown Enterprises claims that it invested over USD 3,800,000 to outfit the business centers with technology (and whilst Crown Enterprises’ sister company began broadcasting RMG’s advertising and content in the business centers) RMG has not fulfilled its contractual obligations and made the contractually required payments.
The lawsuit is aimed at recovering the damages it feels it has incurred as the result of RMG’s breach of contract.
July 12th, 2014 at 22:35 @982
Maybe Garry can get a gig as the next President of DPAA.