Replies to post #47399 on Drinks Americas Holdings, Ltd. (DKAM)

[Spartak]

Niceeeee!

[Old Timer]

We can also report that in the matter of Drinks vs. Liquor Group the arbitration was suspended by the Arbitrator due to Liquor Group’s failure to pay all appropriate fees or deposits by May 24, 2010. The Arbitrator gave an extension of time until June 10, 2010 for all fees and deposits to be paid, which deadline Liquor Group again missed. On June 16, 2010, Liquor Group’s attorney requested an extension, stating


“. . . we have been unable to reach our client with regard to the remaining balance due for the hearing scheduled on June 23, 2010. I apologize for this inconvenience, and respectfully request that a 30 day extension be granted for payment unto the American Arbitration Association by our client and that the hearing be rescheduled to another mutually agreed date and time. . . “

Drinks Americas had duly paid all fees and deposits and was fully prepared to go forward with the arbitration.

So Liquor Group never paid the arbitrator fees. That's because this was all a delay tactic by them and they knew they wouldn't win the case.