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A major investor filed suit against Southwest Portland's Quartet restaurant on Aug. 20, seeking his initial $70,000 investment plus half a million dollars in economic damages. (Randy L. Rasmussen/The Oregonian)
Looks like there's some big-time trouble at Quartet, the waterfront restaurant that took over the sleek former Lucier space in February.
According to a lawsuit first picked up by the Portland Mercury, Quartet has been "hemorrhaging" money since its Valentine's Day opening, with suppliers on a "cash basis and "tales of paychecks bouncing and of tips withheld so the company can pay its bills."
The suit was filed Aug. 20 by Roy Jay, a major investor in the restaurant. He seeks his initial $70,000 investment, plus half a million dollars in non-economic damages.
Quartet to open in former Lucier space (The Oregonian)
The Waterfront's Swanky Quartet Restaurant Near Insolvency (Portland Mercury)
-- Michael Russell
Source: southwest - Google News http://news.google.com/news/url?sa=t&fd=R&usg=AFQjCNHcGBpPHA5VKziv2qyEF-dsQvbJBQ&url=http://www.oregonlive.com/dining/index.ssf/2013/08/trouble_at_southwest_portlands.html
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