PRESS RELEASE:

Publications International, Ltd. Ordered to Pay Millions

| From

CHICAGO, Ill., March 2 (SEND2PRESS NEWSWIRE) -- On February 6th 2009, a federal jury in Chicago returned a verdict against Publications International Ltd. (PIL) of Lincolnwood, Ill., and awarded $5.6 million to The Smart Marketing Group, Inc. (SMG) in damages resulting from PIL's breach of a 2003 contract.

According to the lawsuit filed in January 2004, PIL's "Consumer Guide" division contracted with SMG of Los Angeles, Ca. to market and sell certain "Consumer Guide" products to automobile dealers. SMG alleged that it exceeded its sales and revenue targets but Consumer Guide failed to provide the products and services it promised to the dealers. "The jury clearly agreed with SMG that PIL acted in bad faith by terminating the relationship when there was no cause to do so," said attorney William Ziegelmueller of Chicago.

"PIL and Consumer Guide wrongly put us out of business, then wrote letters to all of our dealers to damage our reputation when it was really Consumer Guide that failed to perform," said Michael Welch, the CEO of SMG. "It was the dirtiest kind of pool."

"No amount of money can make up for what they purposely did to our business and our reputation over the past five years," said Bill Magarity, SMG's President. "At that time in our careers, we were the number one dealer sales organization in the country. We had sold more than 7,000 auto dealers into advertising and internet programs, and Consumer Guide took everything from us. Fortunately, after five years of trial delays, a jury has vindicated us."

Conflicting trial testimony from PIL's top executives "proved that PIL did not deal honestly with us," according to Magarity, who also indicated that SMG intends to pursue a fraud claim against PIL in the event PIL appeals the verdict.

Consumer Guide content is currently marketed by HowStuffWorks, Inc., a subsidiary of Discovery Communications, New York, N.Y.

To view copy of court case (PDF), please visit:
docstoc.com/docs/4578999/SMG_Judgement_Docket.

All trademarks and service marks are the property of the respective parties.

News Source:
Like, Share, Save this press release:
  TWEET   SHARE   G+   STUMBLE   LinkedIn   Instapaper   Buffer

PERMALINK:
https://www.send2press.com/newswire/2009-03-0302-001.shtml
  LEGAL NOTICE AND TERMS OF USE:  
The content of the above press release was provided by the “news source” (The Smart Marketing Group, Inc.) or authorized agency, who is solely responsible for its accuracy. Send2Press® is the originating wire service for this story and content is Copr. © 2009 The Smart Marketing Group, Inc. with newswire version Copr. © 2009 Send2Press (a service of Neotrope). All trademarks acknowledged.

Rights granted for reproduction by any legitimate news organization. However, if news is cloned/scraped verbatim, then original attribution must be maintained with link back to this page as “original syndication source.” Resale of this content for commercial purposes is prohibited without a license. Reproduction on any site selling a competitive service is also prohibited. Information is believed accurate, as provided by news source or authorized agency, however is not guaranteed, and you assume all risk for use of any information found herein/hereupon. This work is licensed under a Creative Commons Attribution-NonCommercial 3.0 Unported License.
STORY READS for this single page only, as of Oct 01 2016:
[ count retired 8.4.16 ]

RELATED NEWS TOPICS:
Legal and Law, Business, Chicago Business, or: Search

back to top
REFERENCES: Smart Marketing Group, Publications International Ltd, The Smart Marketing Group Inc, Publications International Ltd, legal judgement, Consumer Guide, automobile dealers, CEO Michael Welch, Bill Magarity, attorney William Ziegelmueller of Chicago, news, press release from The Smart Marketing Group, Inc., Mar 2, 2009, Legal and Law, , , , , Publications International, Ltd. Ordered to Pay Millions