Simpson Lawsuit Update
Simons Chase, the founder of Performance Beverage Group, manufacturer of Nine Iron sports drink, filed a pro se lawsuit against Loudoun Sheriff Steve Simpson recently. A hearing to dismiss the lawsuit occurred this past week, and as Simpson stated in print, he was expecting it to be dismissed. But it wasn’t. Chase, residing in California, did not receive timely notice of the hearing and was granted a 21 day extension. So much for the big press release they probably had planned – “frivolous lawsuit against our esteemed Sheriff dismissed!” would have been the gist of it.
That lawsuit is not his biggest worry. Another large investor in the company is represented by a big name law firm and is very close to filing a detailed suit against Simpson. I’ve seen some of the legal correspondence from this investor’s lawyers and they are going to put the screws to Simpson and his compatriots on the PBG board for various transgressions. I am told this lawsuit should be filed early this week. There is also one more investor who is considering putting together a suit of his own, so that would make three lawsuits against the sitting Sheriff of Loudoun County for shady business dealings.