Summer Infant, former execs end lawsuits

SUMMER Infant Inc. and its former officers have resolved their claims against each other.
SUMMER Infant Inc. and its former officers have resolved their claims against each other.

WOONSOCKET – Summer Infant Inc. and its former officers have resolved their claims against each other.
The resolution to the legal battle that began in the spring of 2015 was announced in a U.S. Securities and Exchange Commission filing Tuesday. Terms of the agreement were not disclosed.
It said the “remaining parties in the action involving Summer Infant Inc. and its former officers Carol E. Bramson, Annamaria Dooley, and Kenneth N. Price have resolved their claims against each other.” It said the civil case, which had been pending in U.S. District Court, is being voluntarily dismissed.
Summer Infant sued Bramson, the former CEO; Dooley, the former senior vice president of product development; and Price, the former president of global sales; as well as Carson J. Darling, Dulcie M. Madden and Bruce Work. Summer Infant claimed they were trying to create a competing company. A confidential settlement with Darling and Madden, who were former consultants to the company, was reached last year.
Summer Infant has said it incurred $6.3 million in legal costs in fiscal 2015. This year alone, it said it has racked up approximately $2.3 million in legal expenses.

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