--- In [email protected], Louis McKenzie <[EMAIL PROTECTED]> 
wrote:
>
> Is he still selling books?
> 

***********

I think Earl is working with his twin bro developing real estate -- 
the reason why Readers Digest sued Kaplan was because Kaplan's kid 
started a competing book biz in Fairfield which was obviously being 
orchestrated by Earl Kaplan. These kinds of suits are very common, 
because some sellers are just not clear on the notion of what a sale 
of a business means. The guy who started Famous Amos cookies was sued 
when he continued to sell cookies bearing his likeness after he sold 
the company:

http://tinyurl.com/ylm4ck


> 
> ----- Original Message ----
> From: off_world_beings <[EMAIL PROTECTED]>
> To: [email protected]
> Sent: Tuesday, November 7, 2006 12:19:56 AM
> Subject: [FairfieldLife] Re: Reader's Digest takes write-down on 
Books Are Fun
> 
> 
> --- In [email protected], bob_brigante <no_reply@> 
> wrote:
> >
> > Looks like Reader's Digest should have bought Kaplan's management 
> > skills along with his company:
> > 
> > "Much of David and Earl Kaplan's wealth derives from the business 
> Earl 
> > Kaplan founded, Books Are Fun, which was sold to Reader's Digest 
for 
> > $380 million although, according to Publishers' Weekly, Reader's 
> Digest 
> > has since taken a $188 million write-down on BAF and the company 
has 
> > filed a lawsuit against Earl Kaplan for violating a non-compete 
> clause.>>
> 
> 
> Ouch...much as I think The Earl of Kaplan is a pretty dumb, but 
> slightly likable, chap, who tried hard to spit in his teacher's 
face, 
> I would wish no ill-will against him for this kind of thing.
> 
> But what exactly is a "non-compete clause".?
> 
> OffWOrld
> 
> 
> 
> 
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