La-Z-Boy sues former Kincaid retailers, liquidator

March 2008
Furniture/Today;3/3/2008, Vol. 32 Issue 26, p36
Trade Publication
The article reports that La-Z-Boy Inc. has filed a lawsuit against Kincaid Home Furnishings stores' owners and liquidator M. G. Smith on February 8, 2008 in Guilford County Superior Court in North Carolina. The suit demands that the company and their owners should be obliged to pay about $1.3 million. In the liquidation of the stores in 2006, the defendants failed to maintain accurate records of items. Furthermore, the lawsuit indicates that La-Z-Boy forced the closings of the stores.


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