Krell Moves to new location

+1, “oh, my….”

If this is true, the situation at KRELL is much worse than described in the Stereophile article. I do not know what is true, and not true. I feel sorry for anyone that has equipment at KRELL waiting for repair.

The Judge hears the case on February 19 and, most likely, will request more information from both sides meaning more delays.

Or, in other words, “The legal battle involving Krell’s founders and private equity investors further complicates the company’s stability. The founders alleged fraudulent practices by the equity firm, while countersuits were also filed. These ongoing issues may contribute to delays in resolving customer concerns.

If the legal case mentioned is scheduled for February 19, it could lead to further delays in addressing operational problems. Customers with pending repairs may need to prepare for extended wait times”.

See update regarding the Krell Industries vs. JF Bicking & Co Connecticut court case on February 19 posted on Stereophile web site below:

”Updated 2/20/2025 (previously 2/12/25)

In a Connecticut courtroom on Wednesday, Kristofer D’Agostino, son of late Krell owner and CEO Rondi D’Agostino, won control over his own trust, opening a path for Krell to begin to get its ducks in a row and, if all goes well, reopen.

This was a probate hearing, intended to establish who would control the D’Agostino trust. Wil Buhler of "family holding company" JF Bicking had put forward a motion to have a third party administer the trust. Buhler apparently didn’t know that the proposed third-party administrator had already notified the court that he would not accept the role of trust administrator. The only alternative available to the judge was to allow Kris D’Agostino to administer his own trust.

According to Stereophile sources, once D’Agostino receives the certificate certifying his role as administrator, he will be able to gain control of the probate assets, which are said to include at least 70% of Krell. (The possible ownership by JF Bicking of the other 30% remains in dispute—a dispute that must be resolved in Delaware, where Krell Industries is officially registered.)

For many months, it was widely assumed—not only by Stereophile—that Kristopher D’Agostino did not intend to try to reopen Krell. That left JF Bicking as apparently the only horse in the race. Recent weeks have brought indications that Kristopher D’Agostino does indeed intend to pursue Krell’s reopening. We’re not business experts, but that intention and an undisputed 70% (and possibly larger) ownership stake would seem to put him in a position to at least make the attempt.—Jim Austin”

My comment: I am not an attorney but the above identifies more issues that must be resolved. The above says “The possible ownership by JF Bicking of the other 30% remains in dispute—a dispute that must be resolved in Delaware, where Krell Industries is officially registered”.

Unfortunately, this means more delays meaning I have no information when Krell Industries will reopen, etc.