Baja, Donzi, Fountain Receiver Seeks Restructure

In what has proved to be a complex turn of events, the temporary receiver appointed by a North Carolina business court judge to the four boat brands—Baja Marine, Donzi Marine, Fountain Powerboats and Pro-Line Boats—announced in a press release in late October that efforts are underway to resume operations for the popular boatbuilders. http://www.powerboatmag.com/baja-donzi-fountain-receiver-seeks-restructure.html

More legal troubles for Fountain Powerboats

Lender First Capital is seeking $61.04 million in damages from Fountain Powerboats and other entities for the "borrower defendants' " breach of loan agreements, according to documents filed this week in North Carolina Business Court. Additionally, First Capital said Fountain has ceased operations in violation of its obligations to its lender and is asking the…