MADISON, WI (BRAIN)—A district court judge this week awarded Trek nearly $300,000 in a breach of contract and breach of personal guaranty case against the former owner of an Illinois concept store.
Trek sued Rodney and Stacey Riley in February, claiming the former owners of Trek Bicycle Store of Highland Park owed more than $380,000 in unpaid bills.
Wisconsin District Court Judge Barbara B. Crabb ruled in favor of Trek on Wednesday, awarding the company $289,163.71 in damages after the Rileys failed to respond to the lawsuit. Trek attorney Bob Burns said Trek is working on a payment plan with Riley.
During a 10-minute hearing on June 2, Judge Crabb approved Trek’s motion for default judgment, which Trek’s attorneys filed when the Rileys did not provide an answer to the lawsuit by the April 15 deadline.
An attorney listed for the Rileys did not return a phone call seeking comment on Thursday.
According to court documents, TBS of Highland Park owed Trek $381.672.46 as of Nov. 18, 2009, when Trek terminated its five-year dealer agreement with the Rileys after the store had been open less than a year. Trek sold the remaining inventory from the TBS store to a third-party in February to offset that bill by about $125,000. The judge also awarded Trek interest of about $22,000 and attorneys fees and legal costs of almost $10,000.
Trek Bicycle Store of Highland Park remains open as a concept store under different ownership.