Brown Jordan International Settles Disagreement with Former Shareholder/Executive.POMPANO BEACH Pompano Beach (pŏm`pənō), city (1990 pop. 72,411), Broward co., SE Fla., on the Atlantic coast and the Intracoastal Waterway; inc. 1908. It is a resort city with ocean beaches, excellent fishing, and a harness-racing track. , Fla. -- Brown Jordan International, Inc. ("BJI BJI Bemidji, MN, USA - Bemidji Municipal Airport (Airport Code) " or "Company"), the premier designer, manufacturer and marketer of luxury outdoor and contract furnishings, announced today that it has settled its litigation An action brought in court to enforce a particular right. The act or process of bringing a lawsuit in and of itself; a judicial contest; any dispute. When a person begins a civil lawsuit, the person enters into a process called litigation. and resolved its differences regarding Mr. Boles' competitive activities since leaving BJI. Pursuant to the settlement, the terms of which are confidential, BJI has agreed that Mr. Boles and his company, Pacific Casual, LLC (Logical Link Control) See "LANs" under data link protocol. LLC - Logical Link Control , may market gazebos and/or canopies to certain customers. Mr. Boles agreed that he will honor his contractual obligations until those obligations expire in April 2006 that were entered into pursuant to the Stock Purchase Agreement that he signed as a selling shareholder in connection with the sale of the Company in May 2001. James R. Malone, Vice Chairman, President and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of BJI, commented, "We are pleased to have come to a mutually acceptable full and final resolution with Mr. Boles that allows both parties to focus on more productive ventures. At the same time, we remain committed to our policy of vigorously protecting our other legal rights and interests currently pending with others or that may arise with others in the future." About Brown Jordan International Brown Jordan International, Inc., designs, manufactures and markets retail and contract furnishings under the brand names Brown Jordan, Tommy Bahama Tommy Bahama is a licensed line of clothing that markets high-end tropical-themed wear amongst other clothing and household goods. The company sells these products through its own chain of retail outlets in Canada and the United States, and through other retailers. , Pompeii, Winston, Vineyard, Molla, Tradewinds, Stuart Clark, Winston Woods, Casual Living, Southern Wood Products, Loewenstein, Charter, Lodging by Charter, Woodsmiths, Wabash Valley, Texacraft, and Tropic Craft. Brown Jordan International's corporate office is located in Pompano Beach, Florida Pompano Beach is a city in Broward County, Florida, along the coast of the Atlantic Ocean just to the north of Fort Lauderdale. The Nearby Hillsboro Inlet forms part of the Atlantic Intracoastal Waterway. As of 2006, the U.S. with offices and manufacturing facilities located both domestically and internationally. Brown Jordan International, Inc. is an affiliate of Trivest Partners, L.P., a private investment firm, which is a leading provider of equity for middle market corporate acquisitions, recapitalizations and growth capital financings. Since its founding in 1981, Trivest has sponsored more than 115 acquisitions and recapitalizations, totaling approximately $2.0 billion in value. |
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