Murray-based College Book Renter is downsizing as part of its Chapter 11 Bankruptcy reorganization. College Book Renter is one of many companies owned by Murray businessman Chuck Jones and partner David Griffin, an Arkansas-based businessman.
Bankruptcy Trustee Robert Waldschmidt says CBR has set up a temporary smaller location, after abandoning its much larger facility south of town. Waldschmidt says that building was too big and too expensive to operate.
College Book Rental Company, LLC, (CBR) has filed for Chapter 11 bankruptcy.
The case filed October 4, 2012, in the United States Bankruptcy Court for the Middle Tennessee District of Tennessee petitions relief of approximately $15,036,951.93 in debts. Fifteen million dollars of that claim are for money loaned.
Murray Businessman Chuck Jones could be in for a long, and expensive, legal battle with textbook publishers McGraw Hill and Pearson Education according to one attorney. Karl Means is the Chair of the Intellectual Property Practice Group for the Shulman Rogers law firm in Potomac, Maryland. Means says the restraining order requested last Thursday is likely just the first piece of litigation Jones will face. He also says criminal charges, while uncommon, are still possible for Jones. Listen to the interview with Means by clicking "Listen" above. Means does not represent anyone involved in the lawsuits.
A lawsuit filed in US District court against Murray businessman Chuck Jones and several of his associates and businesses alleges Jones used companies he owned to infringe the copyrights of several textbook publishers.
McGraw-Hill and Pearson Educations allege Jones and his associates produced counterfeit covers for international editions of their textbooks, allowing him to sell and rent them as US editions for a significant profit.