After fraud lawsuit, parent company of Bauer, Easton is in disarray and default
We’re accustomed to seeing superstar players decked out in equipment from their sponsor’s line. For Bauer, the likes of Alex Ovechkin and other elite players have become the face of the company. But it seems nefarious actions are going on behind the scenes of one of the most popular hockey brands.
According to TSN, a fraud lawsuit has been filed against Performance Sports Group, which owns Bauer and Easton, another top hockey (and baseball) equipment manufacturer. On Wednesday morning, the company revealed that it is under investigation by securities regulators in the United States and Canada. Just two days earlier, the company said it was in default with its creditors.
By Chris Gordon 7 years ago