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Cadets and bankruptcy


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14 minutes ago, MusicManNJ said:

That person is not telling the truth. It was crafted by the Board chair with the help of probono PR and legal input. 

Feel free to educate him. If you listen to Gary he’s why they moved to Erie where he killed the Thunderbirds 

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8 minutes ago, MusicManNJ said:

This is not true. Plans for 2024 were well under development as there were positive indications of a settlement. That went up in smoke as soon as people started bashing the plaintiff on social media. he plaintiff ended settlement talks and that effectively ended any chance of the corps surviving. They could not withstand the expense of a lawsuit moving forward. That is what killed the Cadets. After an incredible finish in 2023 the goals for 2024 were even loftier. But, because of the move to go to trial and breakoff settlement discussions, that was the final straw. 

Then why were assets being sold after the season?

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2 minutes ago, Jeff Ream said:

Feel free to educate him. If you listen to Gary he’s why they moved to Erie where he killed the Thunderbirds 

Oh he is on the board. Maybe he’s right. Except for victim shaming 

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Just now, Jeff Ream said:

Then why were assets being sold after the season?

Once the settlement discussion ended, so did the future of the corps. There was a donor who was going to pay the settlement. The plaintiff's lawyers made it clear they would pursue this to trial and would enjoin any perceived successor organization. The only thing left to do was the orderly unwinding of the organization and ensuring staff was paid, refunds for the 2024 audition season were made, purchased corps jackets delivered, and the passage of time to avoid the 90-day clawback period. Assets only started to be sold when the settlement discussions ended and it was clear bankruptcy was the only option. 

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32 minutes ago, MusicManNJ said:

That person is not telling the truth. It was crafted by the Board chair with the help of probono PR and legal input. 

 

32 minutes ago, Terri Schehr said:

The president of the board answered an ad in Drum Corps World. 

That feels right, as the press release could be used to teach a class how Not to write one.   Full of sanctimony, bitterness, self-pity and victim blaming. If this represented the new and improved board, then their standards were pretty darn low. 

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49 minutes ago, Jeff Ream said:

i never said criminal. but the board allowed a culture where one person literally controlled everything. never called out on anything. if he said jump they asked how high.

Hmmm. Sounds like the Scouts.

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7 minutes ago, Terri Schehr said:

The old board president under you know who.  Not the present one.  Coincidentally, we were sitting by him at the LaCrosse show in 2017.  The Cadets weren’t in the show but he lived in Wisconsin.  Jim says Minnesota. I thought he said Wisconsin. Either way. 🤷‍♀️

Thanks for the correction. It doesn’t change my thoughts about the press release though. 

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49 minutes ago, MusicManNJ said:

Once the settlement discussion ended, so did the future of the corps. There was a donor who was going to pay the settlement. The plaintiff's lawyers made it clear they would pursue this to trial and would enjoin any perceived successor organization. The only thing left to do was the orderly unwinding of the organization and ensuring staff was paid, refunds for the 2024 audition season were made, purchased corps jackets delivered, and the passage of time to avoid the 90-day clawback period. Assets only started to be sold when the settlement discussions ended and it was clear bankruptcy was the only option. 

So the corps wasn’t in the hole in August? I remember seeing in many places about transportation issues and employees being let go long before the inactive announcement was made.

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