Quickutz has apparently settled the lawsuit filed against it by supplier Bai-Win in July alleging unpaid bills and fraud. The lawsuit had alleged Quickutz owed $700,000 in unpaid bills to Bai-Win, which had been supplying Quickutz since 2006.
According to court filings in August, the companies were engaged at the time in settlement talks, and Quickutz’s deadline to respond to the lawsuit was extended by the court until August 25th at the request of both companies to provide more time for the negotiations.
On September 22nd, Bai-Win and Quickutz filed a joint motion with the court requesting the dismissal of the case. The dismissal was granted the same day by U.S. District Court Judge Clark Waddoups, with each company ordered to pay their own court and attorney costs.
No terms of a settlement were disclosed in court filings.