Circuit City has a long list of problems -bankruptcy and store closings are probably tops. Well, Samsung just added to their worries.
According to a U.S. bankruptcy court filing, Samsung is demanding that Circuit City return nearly $74 million in consumer electronics. Merry Christmas.
Although Circuit City filed for Chapter 11 protection back in November, Samsung claims that the stores were insolvent at the time they received the goods.
What makes it worse is . . .
Samsung had requested that the products be returned twice between September 21 and November 4, well before Circuit City filed for bankruptcy protection.
Doesn't sound like someone is playing fair. —Leslie Shapiro
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