Foretravel Owners File Lawsuit Against Former Owners - KTRE.com | Lufkin and Nacogdoches, Texas

03/05/07 - Nacogdoches

Foretravel Owners File Lawsuit Against Former Owners

by Jessica Cervantez

An East Texas motor home maker is now the subject of a lawsuit. The current owners of Foretravel Incorporated in Nacogdoches are suing the company's former owners.

According to documents, the Foretravel Inc. vs. Ray Fore lawsuit involves claims of breach of contract, common law fraud, misrepresentation, and securities fraud. The documents also claim there was intentional misrepresentation of the company's financial position when the deal to sell the company was sealed.

Foretravel's current chief financial officer tells the KTRE news the company plans to let the court system resolve the disagreement.

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