CHARLESTON -- WVR Amusement is suing UTF Coin after it claims it was awarded judgment in a previous lawsuit and has yet to be paid.
WVR Amusement was recently awarded a judgment in the amount of %51,621.45 plus post-judgment interest against United Textile Fabricators, according to a complaint filed March 14 in Kanawha Circuit Court.
WVR Amusement claims United Textile Fabricators is a company very closely related to and/or an alter ego of UTF Coin, LLC.
The judgment was rendered as a result of the filing of a lawsuit in Kanawha Circuit Court in 2007, according to the suit.
WVR Amusement claims that after the first lawsuit was filed and it became apparent that its claims against United Textile Fabricators were valid, United Textile Fabricators fraudulently, maliciously and in order to avoid its legal obligations, formed UTF Coin, LLC, and transferred its assets to avoid judgment.
The defendant was fraudulently formed to attempt to avoid the judgment and/or legal liabilities of United Textile Fabricators, according to the suit.
WVR Amusement is seeking judgment against the defendant for the amount of the prior judgment with interest and punitive damages. It is being represented by James C. Stebbins.
The case has been assigned to Circuit Judge Carrie Webster.
Kanawha Circuit Court case number: 11-C-414