Thanks SpaceOriginally posted by Spacemiu@Jan 8th, 2004 - 3:03 am
thats really cool trean*
Designer Frank Sues Ex-Business Partners Fri Mar 17, 7:44 PM ET
LOS ANGELES - Paul Frank, the artist behind the monkey-face icon Julius that adorns a popular line of fashions for young girls, is suing the company that bears his name in a bid to shut it down.
This week, Frank sued Costa Mesa-based Paul Frank Industries, claiming company President Ryan Heuser and Chief Executive John Oswald fired him in November "without cause."
Frank also claims the two executives are paying themselves excessive salaries and using company cars and other assets for personal use.
The firm generates annual sales in excess of $40 million because of the popularity of Julius and other designs, including Ellie the elephant and Clancy the giraffe, Frank claims, so he is seeking an order to shut down the firm to protect his interests.
In a separate lawsuit, Frank claims the company is using his designs without his permission.
"I was promised by the partners I brought in that they would make my creations even more profitable," Frank said in a statement. "What they didn't tell me was that they would snatch those profits for themselves."
A call to the company seeking comment was not immediately returned Friday.
The company has said Frank left the company last year "to pursue other interests," noting he would remain "a significant stakeholder."
The designer, whose full name is Paul Frank Sunich, started the company in 1995, selling wallets fitted with a patch of his monkey icon design from a newsstand where he worked.
Heuser joined later that year to handle marketing and Oswald came on two years later.
At the time, the Frank, Heuser and Oswald each owned one-third of the company.
Over the years, the garment firm has grown and now operates 14 stores in Los Angeles, London, Tokyo and other cities.
Paul Frank Sunich, a co-founder of Paul Frank Industries, has filed a lawsuit seeking the dissolution of the apparel and accessories company that bears his name and accusing his former partners of mismanagement.
Sunich alleged in a complaint filed Wednesday in California Superior Court that Paul Frank president Ryan Heuser and chief executive officer John Oswald fired him without cause, have unjustly enriched themselves, and tried to force the sale of Sunich's one-third stake in the $40 million-a-year enterprise.
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Liquidation and dissolution of the 10-year-old Costa Mesa, Calif., company is "reasonably necessary for the protection of the rights or interests of the plaintiff," the suit said.
Sunich is seeking a breakup and distribution of the assets, as well as $3 million in damages and restitution, and the appointment of a receiver to manage the company pending the outcome of the case.
nikos said:i really like them, though i always pick out the most "neutral" things. i have to say they offer amazing quality in terms of fabric, much better than most anyone else in their field.
JJohnson said:I wish there was Paul Frank for guys
tangerine said:You're kidding, right? A lot of it is "unisex" (I hate that word!), and some of it is male-specific.
I never cared much for Julius, but some of the less overtly branded stuff is nice. I have a hoodie and sunglasses with the small, discreet house-and-trees logo, and a pair of boxer briefs with the Marshall stack that says Paul Frank instead of Marshall.
I was interested to see what the Warhol-licensed stuff would be like but most of it was way too cutesy or loud for me. There was a pretty nice striped polo but by the time it came out, that look had become overexposed IMO. There was also a tee shirt with a graphic that looked like a color negative of a table (in Max's Kansas City, no doubt) littered with bottles, glasses and dirty ashtrays. I wish I'd bought that one, but as it was in Urban Outfitters I figured within a week half the people I work with would be wearing one, so I skipped it.