|

Wed, 20 January 2010

Half Moon Bay: The simmering dispute between between Mavericks pioneer Jeff Clark and Mavericks Surf Ventures (MSV), the company he co-founded to run the Mavericks Surf Contest, has finally erupted.



According to a press release by Clark, he is suing MSV and its directors for breach of contract, breach of fiduciary duty and fraud. Apparently, the lawsuit comes a week after a scheduled mediation was cancelled by MSV attorney Paul Marotta and CEO Keir Beidling who said that the Mavericks Surf Contest would be held that week. It was not.

“I’ve waited patiently and remained quiet in an effort to settle our issues in private, without casting a shadow over the contest that I founded. But it’s obvious MSV has no intention of working this out. They have forced me to file suit in order to move on with my life,” Clark said.

“When I signed on to partner with Keir and Evolve Sports, I trusted them to do the right thing, to honor my spirit and passion for surfing,” Clark said. “I made a mistake and I trusted the wrong people. They have refused to honor the contracts they created, and have turned the contest into a corporate circus.”

The complaint, filed with the Superior Court of San Francisco County, states that MSV breached its contracts with Clark, withheld payments on those contracts, and breached its fiduciary duties to shareholders by the Board’s self-dealing, squandering of corporate assets and failure to disclose even basic financial and other corporate information. The suit claims that, in breaching their fiduciary duties, MSV and its current directors acted with oppression, fraud and malice.

“Jeff is a nice guy who, on his own, wouldn’t seek vindication through legal action. Jeff is one of the world’s greatest big wave surfers, is passionate about his work and cares about surfing and the surf community,’ said Clark’s attorney Richard Mooney. “It is my job to care about Jeff and his interests. And in this case, his interests were harmed by corporate executives who made promises they never intended to keep.”

Clark is credited with pioneering Mavericks, the big wave surf spot off the California coast, at the age of 17. Clark surfed Mavericks alone for 15 years before it became recognized by the surf community as one of the biggest and most dangerous big waves in the world. In 1998, Clark founded the Mavericks Surf Contest with Quicksilver, calling it the Men Who Ride Mountains event. Clark partnered with Evolve Sports in 2003 to represent him as an athlete, and later they created Mavericks Surf Ventures to run the Mavericks Surf Contest. MSV terminated Clark as Contest Director in June 2009.

Add comment

Please don't say anything you would not say to a real person, and please use your real name.


Security code
Refresh

Joomla SEF URLs by Artio
brutube

Twitter

Wavescape
Fri Sep 25 16:53:49 +0000 2020

RT @vanssurf: Lola Mignot showcasing her smooth style on some rights at home in Mexico. 🎥 Higher Latitude Films https://t.co/zYdZlYWSPR
Wavescape
Fri Sep 25 16:01:21 +0000 2020

RT @spike_wavescape: Your weekend report Western Cape! Be sure to check out and follow @discoverctwc
Wavescape
Fri Sep 25 12:48:36 +0000 2020

And still winter holds us in her icy vice. Two cold fronts scrape past us this weekend, @spike_wavescape tells us i… https://t.co/Fs653LgYI6
Wavescape
Wed Sep 23 12:55:53 +0000 2020

KZN South Coast -- Small surf Wednesday despite chance of early landbreeze. Might be 2' max 3' open coast. Moderate… https://t.co/LJ38NswsEe
Follow Wavescape on Twitter