RICK BACCHUS ASKS STATE COURT TO FREEZE ASSETS AT MONTAUK
NEW YORK — The principals in Montauk Ltd., a sportswear company, are scheduled to appear in Manhattan State Court on Thursday in a case where the plaintiff charges his two partners are fraudulently siphoning off profits and forcing him out of the company.
Rick Bacchus, who filed the charges against Stuart and Marcia Kaye, has moved to freeze all Montauk assets related to the sale of items designed by Bacchus and to allow Bacchus and his attorney to examine Montauk’s books. The hearing will be before Justice Ira Gammerman.
Bacchus also claims the Kayes, who are married, continue to fraudulently hold themselves out to retailers as the sole owners of the eight-month-old company, at 530 Seventh Ave. The partner also named Rosenthal & Rosenthal, a factor, as a defendant in the case, seeking an order to freeze any Montauk assets on deposit with the factor.
Bacchus is asking Gammerman to dissolve the partnership, order an accounting of Montauk’s assets and order the defendants to pay him a total of more than $700,000 in earnings and damages.
Stuart and Marcia Kaye declined to comment on the suit. Rosenthal & Rosenthal also declined comment.