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v1cious
Joined: 31 Dec 2002
Posts: 4644
Location: Fresno, TX
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 Posted: Fri May 27, 2005 10:46 pm |
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getting screwed by a hentai company... gotta love irony 
Last edited by v1cious on Sat May 28, 2005 12:33 am; edited 1 time in total |
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kusanagi-sama
Joined: 22 Aug 2004
Posts: 1682
Location: Wichita Falls, TX
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| Posted: Fri May 27, 2005 10:50 pm |
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| Who would "he" be? |
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jmays
ANN Associate Editor
Joined: 29 Jul 2002
Posts: 1390
Location: St. Louis, MO
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| Posted: Fri May 27, 2005 10:57 pm |
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| Hahahaha that's a good one. |
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biliano
Joined: 24 Jan 2005
Posts: 956
Location: Cleveland, OH
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| Posted: Fri May 27, 2005 11:15 pm |
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| Quote: | | On May 20, 2005, Ken Groove, a Japanese Corporation filed a civil lawsuit against NuTech Digital, Inc., a California corporation in Los Angeles for breach of contract, accounting, conversion, breach of fiduciary duty, constructive trust, and for a temporary restraining order and preliminary injunction. |
I'm a bit puzzled by the wording of the press release. I understand the breach of contract and breach of fiduciary duty parts, but I don't understand the part where Ken Groove Corp. is suing for "accounting and conversion"?  What exactly does that mean? Are they suing them for bad accounting practices as well? |
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kusanagi-sama
Joined: 22 Aug 2004
Posts: 1682
Location: Wichita Falls, TX
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| Posted: Fri May 27, 2005 11:25 pm |
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This would be the accounting and conversion part:
| Quote: | Ken Groove alleges that NuTech was in breach of its animation distribution agreement with Ken Groove by allegedly tendering payments in the sum of $292,000 on insufficient funds and failing to abide by Ken Groove’s distribution agreement.
According to today's press release, NuTech has failed to pay full royalties on the licensed titles, and has allowed the titles to be streamed online without Ken Groove's permission.
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v1cious
Joined: 31 Dec 2002
Posts: 4644
Location: Fresno, TX
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| Posted: Sat May 28, 2005 12:33 am |
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| kusanagi-sama wrote: | | Who would "he" be? |
yeah i thought "Ken Groove" was a person, not the company it's self. weird name |
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SekiGatha
Joined: 27 Jul 2003
Posts: 128
Location: Syracuse, NY
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| Posted: Sat May 28, 2005 1:14 am |
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| This lawsuit probably explains why Nutech has not released anything for a long time and all of their products being 50% off their list price at many websites. |
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Dejiko
Joined: 18 Jun 2003
Posts: 270
Location: Holland (between Great Britain and Germany)
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| Posted: Sat May 28, 2005 4:36 am |
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If they really want to hit non-paying or non-licensees, they should look into a certain Grecian H-company. They sell DVD's for 10 euro a pop that include all episodes of a series and use the American artwork (minus region symbols and any form of copyright notices) in Holland. The subtitles are taken straight from Nu-Tech and Kitty Media releases. I've seen shops dump all 100% legal 'normal' local releases in favor of these 99% sure pr0n bootlegs, because they make 300% profit on them...  |
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shadow_guyver
Joined: 14 Jul 2004
Posts: 307
Location: Tokyo, Japan
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| Posted: Sat May 28, 2005 4:50 am |
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| biliano: I don't know what the accounting is about, but conversion is a legal term for stealing. Whether thats what them mean or not, I'm not sure, but it makes some form of sense. |
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Haiseikoh 1973
Joined: 24 Apr 2004
Posts: 1590
Location: Waiting for the Japanese 1000 Gunieas.
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| Posted: Sat May 28, 2005 4:52 am |
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| Quote: | | According to today's press release, NuTech has failed to pay full royalties on the licensed titles, and has allowed the titles to be streamed online without Ken Groove's permission. |
Pfft. Given how many Hentai Websites "Steal" from one another and Artists themselves, i'm not surprised. |
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Penfold1999
Joined: 28 May 2005
Posts: 14
Location: New York
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| Posted: Sat May 28, 2005 11:24 am |
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Conversion is, roughly, the appropriation of another's property that was legally in your possession but you now possess illegally because the true owner has revoke your right to own it.
My take on the accounting and conversion claim is that KEN GROOVE is alleging Nu-Tech of not turning over the rightful and correct amount of proceeds generated by the sale of Ken Groove's products pursuant to the agreement between Ken Groove and Nu-Tech and that Nu-Tech's retention of those funds, Nu-Tech has converted Ken Groove's monies.
Of course without seeing the complaint i cannot be certain. |
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Chrno2
Joined: 28 May 2004
Posts: 2811
Location: USA
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| Posted: Sat May 28, 2005 11:59 am |
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Hoo boy, now that's piece of news.
Better pay up boys! :lol |
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biliano
Joined: 24 Jan 2005
Posts: 956
Location: Cleveland, OH
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| Posted: Sat May 28, 2005 12:21 pm |
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Reading all of this makes me wonder how long NuTech will stay afloat if they are so strapped of finances that they would resort to unlawful business practices (but then again, they are a porno/hentei distributor, so their hands are already "dirty"  ).
BTW, thanks to those responding to my accounting/conversion question. That was a big help.  |
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kusanagi-sama
Joined: 22 Aug 2004
Posts: 1682
Location: Wichita Falls, TX
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| Posted: Sat May 28, 2005 12:26 pm |
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| NuTech also paid Ken Groove $292,000 on insufficient funds. |
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Erufu
Joined: 06 Jul 2004
Posts: 191
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| Posted: Sun May 29, 2005 4:00 am |
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| v1cious wrote: | | kusanagi-sama wrote: | | Who would "he" be? |
yeah i thought "Ken Groove" was a person, not the company it's self. weird name |
Me, too. I thought it was so Western dude and I couldn't imagine someone holding licenses to that many hentai... it shouldn't add up, but it is 4 am here, so it did. |
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