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Sports => Snyder's Electronic Cyber Space World => Topic started by: j@yh@wks on August 10, 2009, 06:37:52 PM

Title: Prince seeking 3 mill for damages.
Post by: j@yh@wks on August 10, 2009, 06:37:52 PM
This guy is going to be a 6.2 million dollar man after getting fired by ksu.
Title: Re: Prince seeking 3 mill for damages.
Post by: LimestoneOutcropping on August 10, 2009, 06:39:57 PM
This guy is going to be a 6.2 million dollar man after getting fired by ksu.


Link?
Title: Re: Prince seeking 3 mill for damages.
Post by: j@yh@wks on August 10, 2009, 06:44:09 PM
This guy is going to be a 6.2 million dollar man after getting fired by ksu.


Link?

sorry about that
http://www.kansascity.com/news/breaking_news/story/1374222.html (http://www.kansascity.com/news/breaking_news/story/1374222.html)
Title: Re: Prince seeking 3 mill for damages.
Post by: EmporiaWildcat on August 10, 2009, 06:51:18 PM
Then I am seeking 3 million dollars and 1 cent for the bull$hit coaching job he did.
Title: Re: Prince seeking 3 mill for damages.
Post by: KCcat28 on August 10, 2009, 06:52:48 PM
God I hate Ron Prince...
Title: Re: Prince seeking 3 mill for damages.
Post by: Chingon on August 10, 2009, 07:00:33 PM
Good thing we fired him halfway through the season huh?

:flush:
Title: Re: Prince seeking 3 mill for damages.
Post by: kcchiefdav on August 10, 2009, 07:07:25 PM
The good news is that Judges/Juries in the state of Kansas are real stingy about giving punitive damages.
Title: Re: Prince seeking 3 mill for damages.
Post by: LimestoneOutcropping on August 10, 2009, 07:09:08 PM
The good news is that Judges/Juries in the state of Kansas are real stingy about giving punitive damages.

Just a strategy so when we (Khatz) settle for the full amount we don't feel so bad.
Title: Re: Prince seeking 3 mill for damages.
Post by: Bookcat on August 10, 2009, 07:11:14 PM
The part about Wefald knowing about the whole deal is awful damn juicy. ...and absolutely true.


Title: Re: Prince seeking 3 mill for damages.
Post by: Babytears on August 10, 2009, 07:18:35 PM
Now you guys will have to buy even crappier cars than the one Frank Murphy got.  Like Fieros or something.
Title: Re: Prince seeking 3 mill for damages.
Post by: SkinnyBenny on August 10, 2009, 07:33:43 PM
 :love: :love: :love: FIEROS!  :love: :love: :love:
Title: Re: Prince seeking 3 mill for damages.
Post by: Babytears on August 10, 2009, 07:39:44 PM
:love: :love: :love: FIEROS!  :love: :love: :love:

F*ck yes.  I didn't even want to talk sh1t in this thread.  I saw a Fiero today and this gave me a window to bring them up.  Totally awesome.  I once had a friend trade a VW microbus for two Fieros.  TWO.
Title: Re: Prince seeking 3 mill for damages.
Post by: Pike on August 10, 2009, 07:54:38 PM
JFC. Krause and Wefald's EMAW cards better have already been ceased by now. What a f*cking joke our admin was with these two f*ckheads at the helm.

If there is an EMAW prison, these two asshats should be doing the laundry.
Title: Re: Prince seeking 3 mill for damages.
Post by: LimestoneOutcropping on August 10, 2009, 08:17:42 PM
:love: :love: :love: FIEROS!  :love: :love: :love:

F*ck yes.  I didn't even want to talk sh1t in this thread.  I saw a Fiero today and this gave me a window to bring them up.  Totally awesome.  I once had a friend trade a VW microbus for two Fieros.  TWO.

Same colors, or different? 
Title: Re: Prince seeking 3 mill for damages.
Post by: Babytears on August 10, 2009, 08:19:24 PM
one white.  one red.
Title: Re: Prince seeking 3 mill for damages.
Post by: DrJamesANaismith on August 10, 2009, 09:01:52 PM
By Austin Meek
Created August 10, 2009 at 3:14pm

Updated August 10, 2009 at 8:32pm

Add another $3 million to Ron Prince's potential price tag.

Prince's attorneys filed a counterclaim Monday in U.S. District Court seeking $3 million in punitive damages from Kansas State's athletics corporation, accusing the Intercollegiate Athletics Council of "wanton and malicious misconduct to the detriment of Mr. Prince" and his personal corporation, In Pursuit of Perfection.

The university's original lawsuit, filed first in Riley County and later amended in federal court, seeks to invalidate a $3.2 million buyout given to Prince, who was fired as K-State's football coach in November 2008. K-State claims former athletic director Bob Krause negotiated the expensive buyout without the university's knowledge.

Prince's attorneys contend that several high-ranking university officials, including former president Jon Wefald, had "actual or constructive knowledge" of Prince's separate buyout agreement.

According to Prince's counterclaim, Krause directed university attorney Jacqueline Butler to remove a line from Prince's employment contract stating that the contract represented "the entire agreement" between the two parties, allowing the contract to work in conjunction with the confidential buyout memorandum.

Wefald, deputy athletic director Jim Epps and associate AD Bob Cavello signed off on those changes, Prince's agent, Neil Cornrich, said in an e-mail to The Topeka Capital-Journal. Epps and Cavello were placed on paid administrative leave by new K-State athletic director John Currie in June.

"Ms. Butler removed that language from the 'public' contract specifically to allow for the type of legally binding contract that was signed between IAC and coach Prince," Cornrich said. "Coach Prince did not request such confidentiality, nor did he care whether the agreement was public, but accommodated the university's request."

Prince's attorneys also challenged K-State's claim that Krause was acting outside his authority as athletic director when he drafted the agreement. During the course of negotiations, Krause provided Cornrich with a copy of the IAC's by-laws as confirmation of his authority. According to Prince's counterclaim, those by-laws contained nothing that would prohibit Krause from negotiating on behalf of K-State.

If Krause did not have the authority to conduct such negotiations, then Prince was "fraudulently induced" into signing the agreement, his attorneys say.

Other assertions contained in K-State's amended petition and Prince's counterclaim:

-- K-State claims that, in contrast to previous negotiations, recently discovered communications between Cornrich and Krause were labeled "CONFIDENTIAL" and sent to no one at the university aside from Krause.

-- Butler filed a grievance with the Ohio and Kansas Offices of Disciplinary Counsel accusing Cornrich of improperly circumventing university attorneys during contract negotiations. Prince's attorneys say the grievance was closed July 15 with no findings against Cornrich.

-- Prince initiated contract negotiations in July 2008 by informing the IAC he was "not interested in being an 'interim coach'" and requesting "protection, time and opportunity to develop the program." Prince's attorneys say the university agreed Prince should be guaranteed the full value of the five-year contract he signed in August 2008.

-- Prince's attorneys say K-State's lawsuit amounts to breach of contract, meaning Prince would be entitled to $3.2 million in damages up front. The memorandum of understanding called for Prince to receive the money in installments beginning in 2015.

K-State referred all inquiries to university attorney Peter PaKSUtelis, who was unavailable for comment. Prince's attorneys have requested the trial be held in Topeka.

Edit: This quote by Cornish was in the original story, but Meeks edited it to take it out:

"Further, Cornrich said other athletic department employees -- including Krause, former athletic director Tim Weiser, associate AD Bob Cavello and football coach Bill Snyder -- had similar agreements with the university."


Discuss
Title: Re: Prince seeking 3 mill for damages.
Post by: GoldbrickGangBoss on August 10, 2009, 09:18:41 PM
He just will not go away.

I can't wait to read his tell-all book about this whole thing someday.
Title: Re: Prince seeking 3 mill for damages.
Post by: Ghost of Stan Parrish on August 10, 2009, 09:27:43 PM
Krause and Wefald are such gigantic dumbasses.  This is so damn funny.

I can't say I thought he would destroy the athletic department this thoroughly this quickly, but I did write when Krause was hired that it was the stupidest hire ever and I wanted to give up my K-State fanhood because of it.
Title: Re: Prince seeking 3 mill for damages.
Post by: sonofdaxjones on August 10, 2009, 09:35:15 PM
I wonder how many times guys like DocStalkSmith and some of the other resident Validators rubbed one out while reading that story.

I'll take 5 plus times and counting.

Title: Re: Prince seeking 3 mill for damages.
Post by: DrJamesANaismith on August 10, 2009, 10:02:48 PM
I wonder how many times guys like DocStalkSmith and some of the other resident Validators rubbed one out while reading that story.

I'll take 5 plus times and counting.



Sucks when these stories come out, huh pad?

I hope Meeks gets a copy of the rest of the secret agreements ... how about you?
Title: Re: Prince seeking 3 mill for damages.
Post by: fatty fat fat on August 10, 2009, 10:06:59 PM
lmao. this is hardly news.  :lol:
Title: Re: Prince seeking 3 mill for damages.
Post by: sonofdaxjones on August 10, 2009, 10:11:47 PM
I wonder how many times guys like DocStalkSmith and some of the other resident Validators rubbed one out while reading that story.

I'll take 5 plus times and counting.



Sucks when these stories come out, huh pad?

I hope Meeks gets a copy of the rest of the secret agreements ... how about you?

Yeah . . . I mean he would have to take it about 9 steps beyond what those 2 ku glory holers that "cover" (sic) ku for the CJ would do in any similar situation at the school they "cover".

But considering that it's extremely difficult to "win" punitive damages in a contract dispute, I am betting Cornich threw the other "secret" agreements in there for effect.   I doubt they exist . . . but they could.



Title: Re: Prince seeking 3 mill for damages.
Post by: KsuRules07 on August 10, 2009, 10:42:19 PM
Quote

K-State referred all inquiries to university attorney Peter PaKSUtelis, who was unavailable for comment. Prince's attorneys have requested the trial be held in Topeka.

KSU is going to their asses handed to them if this is their representation in the trial.  I handed this guy his ass in debate competition (go ahead and flame away) for years and I'm a complete moron. 
Title: this is simple
Post by: The Kaiser on August 10, 2009, 10:47:18 PM
it is attorneys posturing to negotiate a deal.  Prince wants $3.2, KSU wants to pay $0, Prince ups the ante to $6.2, both sides will come to the table and settle this for less than the "original" $3.2, (my guess is about half that) and therefore KSU comes out on top.  Neither side wants to make attorneys rich over a bunch of heresay.
Title: Re: Prince seeking 3 mill for damages.
Post by: Brewcrew on August 10, 2009, 10:59:47 PM
This guy is going to be a 6.2 million dollar man after getting fired by ksu.


I love Ron Prince. What a stud.   :love:
Title: Re: Prince seeking 3 mill for damages.
Post by: LimestoneOutcropping on August 10, 2009, 11:03:09 PM
Quote

K-State referred all inquiries to university attorney Peter PaKSUtelis, who was unavailable for comment. Prince's attorneys have requested the trial be held in Topeka.

KSU is going to their asses handed to them if this is their representation in the trial.  I handed this guy his ass in debate competition (go ahead and flame away) for years and I'm a complete moron. 

He is an in house guy.  KSU hired a decent KC firm for the lawsuit.

debate is for major dorks.
Title: Re: Prince seeking 3 mill for damages.
Post by: Brewcrew on August 10, 2009, 11:25:33 PM
KSU = Clowned by Ron Prince. Absolutely no defense for this statement. Gotta love Ron  :love: Did I say clowned?  :rofl:
Title: Re: Prince seeking 3 mill for damages.
Post by: sonofdaxjones on August 11, 2009, 12:10:37 AM
This is probably going to disappoint Doc, who no doubt is rubbing it out for the 12th time tonight over this:

36. In conjunction with the initial and preliminary agreement, however, the University expressed to Mr. Cornrich that, for reasons of confidentiality, it would only guarantee a portion of the contract. To maintain the desired confidentiality, Mr. Krause, on behalf of the IAC, suggested that a separate Memorandum of Understanding be implemented between the IAC and a limited liability corporation to be formed by Coach Prince, such MOU sufficient to provide the guarantees as suggested. Similar LLCs were commonly used by others connected with the Athletic Department to receive payments."

So the "secret agreements" was likely just referencing the existence of LLC's held by other entities in the athletic department.

Title: Re: Prince seeking 3 mill for damages.
Post by: dlew12 on August 11, 2009, 12:15:17 AM
When the man dances, certainly boys, what else? The piper pays him.
Title: Re: Prince seeking 3 mill for damages.
Post by: DrJamesANaismith on August 11, 2009, 05:25:55 AM
This is probably going to disappoint Doc, who no doubt is rubbing it out for the 12th time tonight over this:

36. In conjunction with the initial and preliminary agreement, however, the University expressed to Mr. Cornrich that, for reasons of confidentiality, it would only guarantee a portion of the contract. To maintain the desired confidentiality, Mr. Krause, on behalf of the IAC, suggested that a separate Memorandum of Understanding be implemented between the IAC and a limited liability corporation to be formed by Coach Prince, such MOU sufficient to provide the guarantees as suggested. Similar LLCs were commonly used by others connected with the Athletic Department to receive payments."

So the "secret agreements" was likely just referencing the existence of LLC's held by other entities in the athletic department.



good catch there paddington. I can see why Meeks decided to edit that already printed information out of his story. Hate for anyone to see THAT again.

How are the grandkids?
Title: Re: Prince seeking 3 mill for damages.
Post by: maxq on August 11, 2009, 07:30:48 AM
I'd like to sue Ron Prince for the emotional damages his tenure at K-State caused me.
Title: Re: Prince seeking 3 mill for damages.
Post by: sonofdaxjones on August 11, 2009, 08:06:42 AM
This is probably going to disappoint Doc, who no doubt is rubbing it out for the 12th time tonight over this:

36. In conjunction with the initial and preliminary agreement, however, the University expressed to Mr. Cornrich that, for reasons of confidentiality, it would only guarantee a portion of the contract. To maintain the desired confidentiality, Mr. Krause, on behalf of the IAC, suggested that a separate Memorandum of Understanding be implemented between the IAC and a limited liability corporation to be formed by Coach Prince, such MOU sufficient to provide the guarantees as suggested. Similar LLCs were commonly used by others connected with the Athletic Department to receive payments."

So the "secret agreements" was likely just referencing the existence of LLC's held by other entities in the athletic department.



good catch there paddington. I can see why Meeks decided to edit that already printed information out of his story. Hate for anyone to see THAT again.

How are the grandkids?

Good one . . . "grandkids" . . . you so funny Doc. 

I bet Meeks went over and asked the guys who swallo . . . I mean "cover" ku and they probably suggested he take it out.

Title: Re: Prince seeking 3 mill for damages.
Post by: kst8catfan on August 11, 2009, 08:34:34 AM
The part about Wefald knowing about the whole deal is awful damn juicy. ...and absolutely true.




Dang straight it's true.  He's been hiding out in Minnesota letting this stuff blow over since he left campus.  I bet he's been secretly reading KSUfans just to see when it's safe to return to town so they can dedicate Wefald Hall.  "Plausible Deniability"....he's gonna let others swing in the breeze for stuff he OK'd.
Title: Re: Prince seeking 3 mill for damages.
Post by: sonofdaxjones on August 11, 2009, 08:51:33 AM
They going to name the new Leadership Studies Building after the Weef??

It should have an * carved into the traditional limestone building marker.

Title: Re: Prince seeking 3 mill for damages.
Post by: LimestoneOutcropping on August 11, 2009, 09:18:11 AM
KSU = Clowned by Ron Prince. Absolutely no defense for this statement. Gotta love Ron  :love: Did I say clowned?  :rofl:

Also gotta love when T. Brew comes home from a slow night at the dinner shift and throws some non-sensical blasts onto the ksu boards.  You can smell the anger and fryer grease on him.

This lawsuit will get very interesting when Prince's lawyers take the deposition of Wefald.  I will bet ANYTHING that Weefs will apply a ton of pressure to the University to settle it before then.  Behind closed doors, he will admit he knew about the payment arrangement, KSU's lawyers will remind him he denied any knowledge earlier and realize they are in trouble on the apparent authority claim, and settle.  Either way, it's high time to strongly reconsider naming any buildings after him.
Title: Re: Prince seeking 3 mill for damages.
Post by: DrJamesANaismith on August 11, 2009, 09:27:32 AM
KSU = Clowned by Ron Prince. Absolutely no defense for this statement. Gotta love Ron  :love: Did I say clowned?  :rofl:

Also gotta love when T. Brew comes home from a slow night at the dinner shift and throws some non-sensical blasts onto the ksu boards.  You can smell the anger and fryer grease on him.

This lawsuit will get very interesting when Prince's lawyers take the deposition of Wefald.  I will bet ANYTHING that Weefs will apply a ton of pressure to the University to settle it before then.  Behind closed doors, he will admit he knew about the payment arrangement, KSU's lawyers will remind him he denied any knowledge earlier and realize they are in trouble on the apparent authority claim, and settle.  Either way, it's high time to strongly reconsider naming any buildings after him.

Very true. They will also want to take the depositions of the clerical staff of all involved as well. There's absolutely no chance that everyone involved forgets that they knew anything at all.

From today's front page of the Star:

Asked if the counterclaim was accurate, Wefald told The Kansas City Star, “No,” and he said the statements made by the university in May stood. At the time, Wefald said no one in administration or athletics outside of then-athletic director Bob Krause knew about the $3.2 million buyout.

“That was our statement and it still is,” Wefald said Monday.
Title: Re: Prince seeking 3 mill for damages.
Post by: kst8catfan on August 11, 2009, 09:41:10 AM
They going to name the new Leadership Studies Building after the Weef??

It should have an * carved into the traditional limestone building marker.



I got to thinking the other day while going across campus....I wonder that when they find out he knew everything about this deal, and discover all the other areas he wasted millions of $ on....will we do something similar to the ancient Egyptians?  (chisel out any reference to his name all over campus) :confused:
Title: Re: Prince seeking 3 mill for damages.
Post by: LimestoneOutcropping on August 11, 2009, 09:42:52 AM
KSU = Clowned by Ron Prince. Absolutely no defense for this statement. Gotta love Ron  :love: Did I say clowned?  :rofl:

Also gotta love when T. Brew comes home from a slow night at the dinner shift and throws some non-sensical blasts onto the ksu boards.  You can smell the anger and fryer grease on him.

This lawsuit will get very interesting when Prince's lawyers take the deposition of Wefald.  I will bet ANYTHING that Weefs will apply a ton of pressure to the University to settle it before then.  Behind closed doors, he will admit he knew about the payment arrangement, KSU's lawyers will remind him he denied any knowledge earlier and realize they are in trouble on the apparent authority claim, and settle.  Either way, it's high time to strongly reconsider naming any buildings after him.

Very true. They will also want to take the depositions of the clerical staff of all involved as well. There's absolutely no chance that everyone involved forgets that they knew anything at all.

From today's front page of the Star:

Asked if the counterclaim was accurate, Wefald told The Kansas City Star, “No,” and he said the statements made by the university in May stood. At the time, Wefald said no one in administration or athletics outside of then-athletic director Bob Krause knew about the $3.2 million buyout.

“That was our statement and it still is,” Wefald said Monday.

Clerical staff?  Not really a smoking gun if any of the "clerical staff" knew.  They don't have actual or apparent authority nor can they impute knowledge to any of their superiors.
Title: Re: Prince seeking 3 mill for damages.
Post by: BeaumontCat1% on August 11, 2009, 09:45:22 AM

This lawsuit will get very interesting when Prince's lawyers take the deposition of Wefald.  I will bet ANYTHING that Weefs will apply a ton of pressure to the University to settle it before then.  Behind closed doors, he will admit he knew about the payment arrangement, KSU's lawyers will remind him he denied any knowledge earlier and realize they are in trouble on the apparent authority claim, and settle.  Either way, it's high time to strongly reconsider naming any buildings after him.

If KSU's lawyers don't already know that they will clearly lose on the apparent authority issue, then they need to forfeit their licenses.  The MOU was executed ONLY by the IAC, not by KSU.  I don't see any way for KSU to contend that Krause did not have authority to bind the IAC, especially since he had already signed Prince's original contract on behalf of the IAC.
They better hope that the fact that In Persuit of Perfection, LLC didn't exist at the time of the MOU, and is now a KSU entity, is enough.

Their best maneuver might be to just drop the other claims, and try to limit the depositions, etc. to nothing outside of the existence and ownership of IPP.  If Wefald and Krause have to answer questions under oath about how this went down, it will be nothing but a disaster for KSU.
  
Title: Re: Prince seeking 3 mill for damages.
Post by: DrJamesANaismith on August 11, 2009, 09:51:56 AM


Clerical staff?  Not really a smoking gun if any of the "clerical staff" knew.  They don't have actual or apparent authority nor can they impute knowledge to any of their superiors.

Oh really? So when SS's attorneys ask to take the depositions of Wefald's staff, the chick attorney's staff, etc., do you think that maybe Wefald might suddenly change his answer about "absolutely nobody knew about it besides the Outlaw Josie Krause, and therefore the MOU is void."
Title: Re: Prince seeking 3 mill for damages.
Post by: premierkc on August 11, 2009, 09:53:57 AM
how does this translate to future wins and losses....it doesn't. It's f-ing embarassing that's about it, If snyder wins 7 games this is non news, if he wins 4 at least we have this to follow for the next year.
Title: Re: Prince seeking 3 mill for damages.
Post by: j@yh@wks on August 11, 2009, 09:58:45 AM
how does this translate to future wins and losses....it doesn't. It's f-ing embarassing that's about it, If snyder wins 7 games this is non news, if he wins 4 at least we have this to follow for the next year.
i would worry about the perception of recruits with what is going on.  So far i would think this is just a local story but if it goes to court and gets ugly it could be national fairly quickly. 
Title: Re: Prince seeking 3 mill for damages.
Post by: LimestoneOutcropping on August 11, 2009, 09:59:46 AM


Clerical staff?  Not really a smoking gun if any of the "clerical staff" knew.  They don't have actual or apparent authority nor can they impute knowledge to any of their superiors.

Oh really? So when SS's attorneys ask to take the depositions of Wefald's staff, the chick attoney's staff, etc., do you think that maybe Wefald might suddenly change his answer about "absolutely nobody knew about it besides the Outlaw Josie Krause, and therefore the MOU is void."

I guess if they are trying to prove that some secretary knew Krause was negotiating a confidential buyout...but that doesn't get them crap.  I'd be taking Weef's depo right off.

But at the end of the day, Spani is right to some extent that apparent authority may be a loser.  Need to know the conversations etc.  IF Prince knew that the university attorney was being intentionally being excluded from those negotiations he may have had reason to believe Krause was acting outside his authority.  Either way, hiring Krause appears to be a multi-million dollar mistake right about now.  

Another thing that just makes Weefs look like a giant ass is when he learned about Krause throwing money around, he transferred him to the Olathe campus instead of canning him right off.  Weef's "good ol boy" back scratching made his friends rich and KSU poor.  I hope they do name a building after him so the frat pledges have something to crap on.  It could replace counting the windows on campus.
Title: Re: Prince seeking 3 mill for damages.
Post by: LimestoneOutcropping on August 11, 2009, 10:01:21 AM
how does this translate to future wins and losses....it doesn't. It's f-ing embarassing that's about it, If snyder wins 7 games this is non news, if he wins 4 at least we have this to follow for the next year.
i would worry about the perception of recruits with what is going on.  So far i would think this is just a local story but if it goes to court and gets ugly it could be national fairly quickly. 

And why would a recruit care?  Lots worse went on at schools.  Look at Tenn and Kiffin is bringing in 5 stars.
Title: Re: Prince seeking 3 mill for damages.
Post by: premierkc on August 11, 2009, 10:03:32 AM
I doubt it affects recruiting, kids want scholarships, playing time, and wins.
Title: Re: Prince seeking 3 mill for damages.
Post by: sonofdaxjones on August 11, 2009, 10:28:47 AM
Hawks pulls another one out of his a$$ . . . 18 year old kids don't give a flying f_ck about stuff like this.

Title: Re: Prince seeking 3 mill for damages.
Post by: sonofdaxjones on August 11, 2009, 10:37:26 AM
Biggest issues for KSU:  The apparent authority of Bob Krause to sign these types of documents.

Biggest issues for Ron Prince:  Was his little LLC actually legally in existence when he signed that MOU on behalf of said LLC.

This countersuit/claim IMO is nothing more than Cornich/Prince trying to get KSU to the table to negotiate a settlement.  As some of the legal eagles elsewhere pointed out, unless damages were expressely laid out in the employment contract than it's extremely difficult to get anything like that in a contract dispute.  Also, as they pointed out, the KSU lawyers need to get this moved to the Riley County Courts . . . if that happens, IMO Cornich/Prince will be running for the settlement table.   Thiese claims by Prince as others have stated, and I agree, are nothing more than Cornich/Prince trying to publically embarrass certain parties at KSU, so they'll go beg the current administration to sit down and settle this deal ASAP.




Title: Re: Prince seeking 3 mill for damages.
Post by: MadCat on August 11, 2009, 10:43:48 AM
good catch there paddington.

Someone should document the evolution of this name before it gets lost in iniquity/ubiquity/somethingquity.
Title: Re: Prince seeking 3 mill for damages.
Post by: GoldbrickGangBoss on August 11, 2009, 11:44:58 AM
Biggest issues for KSU:  The apparent authority of Bob Krause to sign these types of documents.

Biggest issues for Ron Prince:  Was his little LLC actually legally in existence when he signed that MOU on behalf of said LLC.

This countersuit/claim IMO is nothing more than Cornich/Prince trying to get KSU to the table to negotiate a settlement.  As some of the legal eagles elsewhere pointed out, unless damages were expressely laid out in the employment contract than it's extremely difficult to get anything like that in a contract dispute.  Also, as they pointed out, the KSU lawyers need to get this moved to the Riley County Courts . . . if that happens, IMO Cornich/Prince will be running for the settlement table.   Thiese claims by Prince as others have stated, and I agree, are nothing more than Cornich/Prince trying to publically embarrass certain parties at KSU, so they'll go beg the current administration to sit down and settle this deal ASAP.






Prince is a master linguist. A snake with a silver tongue.

He's already got your $3 mil in damages. You just don't know it yet.
Title: Re: Prince seeking 3 mill for damages.
Post by: MadCat on August 11, 2009, 11:54:49 AM
Biggest issues for KSU:  The apparent authority of Bob Krause to sign these types of documents.

Biggest issues for Ron Prince:  Was his little LLC actually legally in existence when he signed that MOU on behalf of said LLC.

This countersuit/claim IMO is nothing more than Cornich/Prince trying to get KSU to the table to negotiate a settlement.  As some of the legal eagles elsewhere pointed out, unless damages were expressely laid out in the employment contract than it's extremely difficult to get anything like that in a contract dispute.  Also, as they pointed out, the KSU lawyers need to get this moved to the Riley County Courts . . . if that happens, IMO Cornich/Prince will be running for the settlement table.   Thiese claims by Prince as others have stated, and I agree, are nothing more than Cornich/Prince trying to publically embarrass certain parties at KSU, so they'll go beg the current administration to sit down and settle this deal ASAP.






Prince is a master linguist. A snake with a silver tongue.

He's already got your $3 mil in damages. You just don't know it yet.

It's all in office supplies and Nike apparel.
Title: Re: Prince seeking 3 mill for damages.
Post by: D-Rock on August 11, 2009, 12:23:10 PM

Biggest issues for Ron Prince:  Was his little LLC actually legally in existence when he signed that MOU on behalf of said LLC.


Not a lawyer, but my understanding is that the date of formation of the LLC doesn't really matter as long as it was implied that it would be formed prior to any payment.  So, I think Prince's issue on that front is more that he formed IPP, LLC.  IPP is only used as an abbreviation in the MOU, the actual legal entity in the documnet is In Pursuit of Perfection, LLC.  As some may remember, upon discovering this mistake, KSU registered In Pursuit of Perfection, LLC.

Furthermore, the MOU only makes reference to the "Owner" of the LLC, doesn't reference Prince by name.  The only place Prince's name shows up is on the signature above "Owner of IPP" or whatever the signature line said.

Title: Re: Prince seeking 3 mill for damages.
Post by: sonofdaxjones on August 11, 2009, 12:34:30 PM

Biggest issues for Ron Prince:  Was his little LLC actually legally in existence when he signed that MOU on behalf of said LLC.


Not a lawyer, but my understanding is that the date of formation of the LLC doesn't really matter as long as it was implied that it would be formed prior to any payment.  So, I think Prince's issue on that front is more that he formed IPP, LLC.  IPP is only used as an abbreviation in the MOU, the actual legal entity in the documnet is In Pursuit of Perfection, LLC.  As some may remember, upon discovering this mistake, KSU registered In Pursuit of Perfection, LLC.

Furthermore, the MOU only makes reference to the "Owner" of the LLC, doesn't reference Prince by name.  The only place Prince's name shows up is on the signature above "Owner of IPP" or whatever the signature line said.



Makes sense . . . either way Prince is walking away with a 7 digit figure in addition to his publically disclosed buyout.

Title: Re: Prince seeking 3 mill for damages.
Post by: LimestoneOutcropping on August 11, 2009, 01:51:26 PM

Biggest issues for Ron Prince:  Was his little LLC actually legally in existence when he signed that MOU on behalf of said LLC.


Not a lawyer, but my understanding is that the date of formation of the LLC doesn't really matter as long as it was implied that it would be formed prior to any payment.  So, I think Prince's issue on that front is more that he formed IPP, LLC.  IPP is only used as an abbreviation in the MOU, the actual legal entity in the documnet is In Pursuit of Perfection, LLC.  As some may remember, upon discovering this mistake, KSU registered In Pursuit of Perfection, LLC.

Furthermore, the MOU only makes reference to the "Owner" of the LLC, doesn't reference Prince by name.  The only place Prince's name shows up is on the signature above "Owner of IPP" or whatever the signature line said.



Makes sense . . . either way Prince is walking away with a 7 digit figure in addition to his publically disclosed buyout.



And Weefs is likely exposed as either a liar or an incompetent.