Jeg’s Sold

[340Cuda]

"The Coughlin Family, which has successfully guided the Company's expansion across three generations, said, "After more than sixty years in business, our family was very focused on identifying a growth partner who shares our values and has a clear vision for the future of JEGS. We've found that partner in Greenbriar, and we look forward to remaining significant shareholders alongside them."

The sky may not be falling, but only time will tell.

[Jack McCarthy]

looking at possible future enviromental lawsuit losses (they just rook a 1.8m hit) id be selling out too ....

if these lawsuits are not stopped in supreme court we are all done

[Jim Kaekel]

Originally Posted by Jack McCarthy

looking at possible future enviromental lawsuit losses (they just rook a 1.8m hit) id be selling out too ....

if these lawsuits are not stopped in supreme court we are all done

I'm not sure what the lawsuit was from, but many in this industry are caused by shipping errors, such as inadvertently sending hazardous materials by air freight. That's one way a high performance retailer can wind up in hot water.

[Jeff Stout]

Originally Posted by Jim Kaekel

I'm not sure what the lawsuit was from, but many in this industry are caused by shipping errors, such as inadvertently sending hazardous materials by air freight. That's one way a high performance retailer can wind up in hot water.

Is it based off of non emission approved items being sold for street use? IDK

[Jim Kaekel]

I know that distributors/manufacturer's can get fined/sued for shipping hazardous materials by air freight, such as lithium batteries, performance fuel additives, circle track tire treatments, etc. That's where a lot of the problems lie, not some political conspiracy.

[SDT1DYI]

State of California sued Jegs for selling into the state, illegal auto parts that modify emissions on street driven Vehicles.
Jegs settled the case for 1.7 m.


Steve Teeter Stk/SS 620

Originally Posted by Jeff Stout

Is it based off of non emission approved items being sold for street use? IDK

Sacramento—The California Air Resources Board today announced that JEGS Automotive Inc. will pay $1,700,500 to resolve violations of anti-pollution laws related to the sales and marketing of illegal aftermarket performance parts in California.Feb 5, 2018

[BRINK]

Originally Posted by Barry Polley

Sacramento—The California Air Resources Board today announced that JEGS Automotive Inc. will pay $1,700,500 to resolve violations of anti-pollution laws related to the sales and marketing of illegal aftermarket performance parts in California.Feb 5, 2018

I would say that answers that. Thanks again Cali, f...... up another good thing. How about all the human fecal matter on the streets of San Francisco and LA. That s...t must be good for the environment.

[1347]

[QUOTE=BRINK;657989]I would say that answers that. Thanks again Cali, f...... up another good thing. How about all the human fecal matter on the streets of San Francisco and LA. That s...t must be good for the environment.[/QUOTE

If I was Jegs, I would never sell a part again to anyone who lives in the republic of California. F that state. Between their off road engine laws, madates on electric cars, and even gun laws, it seems impossible to live there.

[CMcAllister]

Originally Posted by 340Cuda

"The Coughlin Family, which has successfully guided the Company's expansion across three generations, said, "After more than sixty years in business, our family was very focused on identifying a growth partner who shares our values and has a clear vision for the future of JEGS. We've found that partner in Greenbriar, and we look forward to remaining significant shareholders alongside them."

The sky may not be falling, but only time will tell.

That's the same thing everyone who ever sold the family business to an equity firm has said.

Time will tell indeed.