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…

Reggie Fountain seeks court win against former company

Reggie Fountain may have parted ways late last year with the company that bears his name, but the two parties continue to battle in court. The accusations range from the alleged stealing of trade secrets and intellectual property by Fountain to the company’s retaining trophies and other property Fountain said are rightfully his. The lawsuits,…

Come See Captain Max King Marine at The Virginia Beach Boat Show

We will have our New 32 Yellowfin on Display:   Use the Coupon Below: Captain Max King Marine

Reggie Fountain Announces RF Powerboats

  o follow up on the announcement from Reggie Fountain—the founder and recently resigned chief operating officer of Fountain Powerboats in Washington, N.C.—that he was starting RF Powerboats, Powerboat’s Editor at Large Matt Trulio contacted Fountain by phone on Wednesday. He agreed to speak with Trulio, who writes a blog on http://www.speedonthewater.com, with the understanding…