Lawsuit charges Rostons with misuse of Roscor assets

Paul Roston

The alleged misuse of acts perpetrated by brothers Paul and Mitch Roston, who for 35 years ran Roscor, the Mt Prospect AV equipment company, were spelled out in detail in a lawsuit filed Feb. 21 in Cook County Circuit Court.

The suit alleges that the brothers breached their fiduciary duties to the company, committed corporate waste and took advantage of Roscor for personal gain, from 1977 to 2012.

Plaintiffs are Patrick D. Cavanaugh, an assignee for the benefit of Roscor’s creditors, who is suing Rostons for “tortuously interfering with the prospective economic advantage of Roscor,” and Indiana-based Starin Marketing seeks damages as a creditor.

Roscor was grossing $71 million on March 31, 2011 prior to its Oct. 28 mass firing of approximately 100 of its 130 employees, according to the complaint.

In February, 2012, Roscor filed for bankruptcy and on April 24, 2012 an auction of millions of dollars worth of equipment and other assets marked the finale of one of the Midwest’s largest and most successful AV companies.

The lawsuit was filed by the plaintiffs’ law firm, Neal, Gerber & Eisenberg LLP, and asks for a jury trial.

 

NEW PRODUCER for Company 3 color correction and Method VFX is JP McIntosh, reports Beast’s managing director Melissa Thornley (who manages all three L.A.-based Deluxe Entertainment companies here).

Anderson most recently freelanced for HY Connect’s production head Steven Anderson and earlier produced in Minneapolis for Ditch postproduction, Fame and Pixel Farm.

Thornley also reports Beast’s John Dingfield and Sean Berringer are editing a Kmart package for Draftfcb, and Method is working on Coors, also for Draftfcb.

NEW DIRECTOR for Traveling Pictures Show Company

– whose Chicago-based EP is John Noble – is Kevin Goetz, formerly of the award-winning duo, The Goetz Brothers, and known to many Chicago agency producers. His first feature, “Scenic Route,” co-directed with his brother, Michael, and starring Josh Duhamel and Dan Fogler, premieres at the SXSW festival in Austin next week.

Says Noble, “Traveling Picture Show is in the midst of securing space downtown and officially putting down roots in Chicago.  Dave Dakich is our Midwest sales partner, and we’ve hired a local PR firm.”  

LOCAL SPORTS AGENT Steve Mandell put the deal together for a Sony Pictures’ production of “Jesse Holley,” who rose from poverty and obscurity to become an NFL wide receiver. He’d been invited to the Dallas Cowboys training camp after winning the Spike TV reality series “4th and Long.”  Mandell will serve as creative consultant on the movie, reports Rob Feder in Time Out Chicago.

NEWS AND NOTES. STORY’S Blair Hayes directed breathtaking visitor’s views

of Oahu and Maui island beauty for the Hawaii Visitors and Convention Bureau’s TV campaign …  Utopic has hired editor Susie Moore, formerly with now-defunct Foundation Content Chicago.  BTW, her husband, Charles Moore, edits at Draftfcb … Sound editor Stosh Tuszynski, a recent Columbia College grad, joined Corey Coken and Jamie Vanadia’s Noise Floor, becoming its ninth staffer.

The Reel always welcomes your news. Send to ruth@reelchicago.com.  Do it today.

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