In court papers filed in California Superior Court, Monster X Tour owner Danny Torgerson of Eagle Point Oregon is being sued for multiple counts including breach of contract and fraud.
Skybound EXP, who owns the licensing for the comic book series “The Walking Dead,” alleges that Torgerson not only misappropriated funds that the two companies shared in a joint bank account, but also stiffed third party vendors.
The suit also claims that Torgerson improperly kept proceeds from advanced ticket sales and failed to obtain and pay for necessary insurance coverage for the events. The complaint states that Torgerson failed to produce the contractually required number of events and failed to adequately promote them.
The plaintiffs claim that the Monster Truck promoter cooked the books by paying himself through another LLC that he also managed. “The Walking Dead” live event promoters allege that Torgerson sanctioned fraud by paying KTAA, a Wyoming based LLC, that Torgerson manages with funds from Monster Truck Entertainment, which is a terminated Arizona based LLC that Torgerson also controlled the finances for.
The complaint, which was filed in the County of Los Angeles Central District Court, claims that Torgerson, whose father was convicted and is serving time in a Federal prison for grand theft, stole Skybound EXP’s monies and failed to allow the plaintiffs to see accounting statements that were contractually required in their agreement.
The plaintiffs are seeking damages for lost revenues likely in excess of half a million dollars and could possibly pursue criminal fraud charges against Torgerson if the court finds that funds that were contractually meant to promote the live events were used for Torgerson’s personal use.
For more on this topic, check out walking dead escape