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Tate Publishing Loses Second Major Case

Wednesday, April 12, 2017   (0 Comments)
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By Jason Money (for The Oklahoman) --

A vendor that supplied printing services to vanity publisher Tate Publishing & Enterprises was awarded a summary judgment on March 31 that could cost Tate more than $2 million.

Xerox Corp. was granted the award after Tate failed to respond to the motion.

The judgment authorizes Xerox to collect $1,446,070.67 from Tate Publishing & Enterprises, and $450,308.18 from Ryan Tate, the company's CEO.

It also entitles the plaintiff to recover costs and attorney fees it has encountered through the case in an amount that equals $15,433.66

Further, it allows Xerox to charge 9 percent annual interest on the debt until it is paid, starting Feb. 1.

Canadian County Associate District Judge Bob W. Hughey's order also gave Xerox final approval on its previous repossession of printing equipment and other supplies it seized from Tate Publishing earlier.

The vanity press, whose attorneys bowed out of the case early this year after telling a judge they hadn't been paid, did not send a representative to attend the hearing.

A text sent to the CEO's phone Friday asking for comment was not answered.

The March 31 decision is the second major setback Tate Publishing has encountered since it lost its attorneys.

On Feb. 9, an Oklahoma City federal judge considering a lawsuit filed against Tate by a Tennessee-based printing services firm also awarded a default judgment worth more than $2 million.

That judgment cleared the way for plaintiff Lightning Source LLC to collect.

Lightning Source seeks about $1.2 million for unpaid printing services and $722,000 that it paid Tate Publishing in June 2016 to get exclusive rights to print and distribute at least 5.5 million books for the publisher during the next five years.

The company seeks to collect either from the company or from Tate, who signed a personal guarantee as part of the deal.

Lightning Source's attorney, Evan Vincent of Crowe & Dunlevy, filed a default motion in the case after the Mustang publisher failed to respond to a January summons....

READ MORE at NewsOK.com.
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