Remember - Kickfurther Appears To Have No Obligation To Pursue Legal Action For Failed Co-Ops

I think KF's responsibility as our agent when a co-op fails is 1) return the inventory to backers 2) if backers don't want the inventory back, KF is responsible for recoup the loss by providing options for backers to vote for and execute the option of majority votes. The options they've provided so far are allowing business to continue its co-op, liquidation, collection agency, and lawsuit. As far as is KF obligated to provide lawsuit as one of the options, I don't think they ever said they're obligated to, but they have offered this option to many canceled co-ops so far.

I don't know which co-op you're taking about. If lawsuit was not an option KF had offered for this co-op, I'm afraid it can choose not to. BUT if it had offered this option and now walked back on its word, that would be deceiving to me, as they had told backers they would do that, and backers accepted this option and have been waiting for a resolution on that as a result. I have one instance that KF had a vote up, lawsuit was one of the options, vote over for months now, and we never heard the result and KF ignored any questions about the voting result. Then we're having a second vote going on right now without the option of lawsuit. This is what is unacceptable to me. Moreover, this business owner even said he had reached agreement with KF that he could send back half of the original inventory and called it settled (he paid back like 3%) BEFORE THE FIRST VOTE EVEN STARTED. So we have no idea what KF has agreed to with the business behind our back, first vote died without a sound, and KF is not answering any question on the backer's page.

This co-op is Nori Lights.

/r/KFTalk Thread