Like a Candle in the Wind, Trimspa Gone Without Anna Nicole Smith.
Posted by Rose in Alex Goen, All Things Anna Nicole Smith, Anna Nicole Smith, Debunking the myths on ALL cases related to Anna Nicole, Goen Industries Inc., High Proflie Trials, TrimSpa
In 2004 in the height of Anna Nicole Smith’s new look and spokeswoman for Trimspa the company had $141 million in sales and showed a $17 million in operating profit alone per the New Jersey Business News article dated October 8. Now Trimspa is defunct and in papers filed in May 2008 with the filing of bankruptcy Alex Goen wrote in a certification to the court that the company experienced a liquidity crises beginning in May 2007, caused directly by the death of Anna Nicole Smith; the face of Trimspa.
On September 25, 2008, per the court docket report, the bankruptcy court converted the chapter 11 filing for reorganization to a Chapter 7 with liquidation of both Trimspa and the parent company of Goen Technology.
An auction of all assets has been set for October 27 at 10:00 AM, just like a town square auction from olden days and something that many are going to see in the future, I predict, with the stock market crash.
Up on the auction block will be all of the office equipment including computers, and furniture, pallet racking, packaging material, forklifts, general warehouse equipment, a 2007 Chevrolet pick-up, 2 tag along van trailers [one with a painting of Anna Nicole Smith on the side of it], 2 motorcycles, and an Indy-Style race car.
However, the inventory of Trimspa supplements is not up for sale and at this point the trustee in charge of the auction is not sure the aluminum cans that contain the supplement is worth salvaging for sale.
Although Goen Technologies, [Trimspa], filed plans in June to emerge from bankruptcy that included $500,000 to pay unsecured creditors some of the millions they are owed, the proposal never took hold. When the trustee filed to liquidate Trimspa the trustee noted that Goen had not filed monthly operating reports causing Goen attorneys to tell the court that Trimspa and Goen Technologies were not able to fund its reorganization.
As many of us remember reading, Goen Technologies agreed to pay $1.5 million in January 2007 to settle allegations of false and misleading advertising brought by the Federal Trade Commission. In addition, in 2005, the business and Alex Goen paid $750,000 to settle a lawsuit brought by state officials charging they used hypnosis seminars to hawk weight-loss products per the October 8 article.
Thus like a candle in the wind, the once bright light of Trimspa has been blown out, much as the accidental death of Anna Nicole Smith. Her death is still affecting people from Larry Birkhead and her daughter Dannielynn to businesses she was the spokeswoman for like Trimspa.
You can pick up all of the Trimspa bankruptcy documents in our download section, open to All, not just members of Rose Speaks.com.
©Rose Turner
October 10, 2008
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Tags: Alex Goen, Anna Nicole Smith, Goen Technologies, TrimSpa
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Now this is very interesting…
Judge Rosenbaum in FL has just made an Order granting in Part Plaintiff’s (HKS) Motion to Strike Defendants’ (O’Quinn & Co.) Motions for Summary Judgment due to: Violating the Local Rule 7.1.C.2
“1. Plaintiff’s Motion to Strike Defendants’ Motions for Summary Judgment fo Violating Local Rule 7… is hereby GRANTED IN PART;”
“2. Defendants’ Motion for Summary Judgment on the Issue that Expressions of Opinion Are Not Actionable Especially When Made in the Context of Tabloid Media [DE 204], and Defendants’ Motion for Summary Judgment Based upon the Libel-Proof Plaintiff Doctrine [DE 205] are hereby STRICKEN.”
THIS IS EXCELLENT NEWS FOR HKS and LIN WOOD!
Beth ——That is happy news.I still do not think Nancy Grace is considered tabloid media.she is a spin off of court tv,and I do not think the lawyers,are there for anything other than to inform the puplic.When I was reading the court docs,one of OQ statements stood out and made me what to smack him in the face.’All these statements were made in response to provactive questioning which itself suggested the very answer the question were seeking’”In other words now it is Nancy Grace,s fault, OQ called Howard a (m) OQ made the statement and is not man enough to admit it.What a weasel,I fell real bad for COEN.and eish him the best in whatever he will do.
Oh good news Beth!!!
Yes Beverly and Saves! I truly believe that this Order by Rosenbaum will have a great impact on how this case will end… Settlement anyone??
Quiet today, isn’t? Take care you guys and have a great week-end!
Thanks Beth after reading every filing they sent in the Texas courts I just could not read all the stuff they sent to the Florida courts.I just read bingo mans letter.and had to laugh at how a former FBI agent looked for proof .The internet? and what people on the internet said?
October 10, 2008 Florida Federal Court for the Southern District strikes two of the three Motions for Summary Judgments filed by John O’Quinn and the O’Quinn Law Firm. Court leaves until October 27 for Howard K. Stern’s lawyers to file a Response for the third Motion still before the Court, Motion for Summary Judgment based on the theory of “Absence of Actual Malice”.
http://www.rosespeaks.com/modules.php?name=Downloads&op=getit&lid=1039
October 8, 2008 New York Federal Court for the Southern District Issues Order that Rita Cosby can share all of her deposition and all of her confidential documents with the O’Quinn legal team for the Florida suit, but her legal team CANNOT share Howard K. Stern’s deposition and confidential documents absence a Court Order from Florida. Why would Rita’s lawyer offer up Rita to the Florida Court? Will be doing a new article tonight.
http://www.rosespeaks.com/modules.php?name=Downloads&op=getit&lid=1040
Did I miss something, is Wilma getting Deposed on Monday? Saw a post on Topix (sorry for being there) and someone said she was. I do hope it is so..
Yes ray, Wilma is to be deposed for 8 hours I believe on Monday in the Cosby suit