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Raymond Theatre Suit Settled
[Home Edition]
Los Angeles Times (pre-1997 Fulltext) - Los Angeles, Calif.
Author: Boehm, Mike
Date: Aug 27, 1992
Start Page: 7
Section: San Gabriel Valley; PART-J; Zones Desk
Abstract (Document Summary)

[Gary Folgner] lost control of the Raymond last November after falling behind on mortgage payments. He sued United Upholstery Fabric of Gardena in March, 1991, claiming that the company had falsely assured him that the seat cover fabric met fire safety regulations. Folgner maintained that the cancellations got the Raymond off to a poor start from which it never recovered. According to court documents, Folgner claimed direct financial losses of about $300,000, plus an additional $250,000 in lost goodwill.

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