Reverie wins $2.5M lawsuit against Ruoey Lung
February 5, 2014,
Following a six-day trial, the jury determined that Ruoey Lung violated provisions of a contract that required the company to pay Reverie commissions for selling its adjustable bed bases.
Reverie claimed that Ruoey Lung failed to pay commissions as required by its contract, but the Taiwanese company said it didn't owe the money because Reverie breached the agreement first when it began to sell adjustable bases from another manufacturer.
The jury found in favor of Reverie, and determined that Ruoey Lung owed $2.56 million in commissions for products sold from 2009 - when the suit initially was filed - through Nov. 14, 2013.
The jury also found that Ruoey Lung will owe commissions to Reverie on future sales of its adjustable bed bases in North America through Jan. 11, 2015.
"Reverie has invested millions of dollars over the years in marketing efforts to promote adjustable beds, as well as cutting-edge design and technology that made our brand the leading adjustable base manufacturer in the industry," said Martin Rawls-Meehan, Reverie's president and CEO. "We are glad that a jury recognized the validity of our thought leadership and sought to award us that which we are rightly owed."
A Reverie spokesman said the company has asked the court to increase the award to cover legal fees and other expenses related to the suit.
| News Editor, Furniture Today