14 Nov
Posted by: Andrew Bunbury in: Bad Credit News
The circus that brought the world Sicko the Clown has filed for Chapter 7 bankruptcy liquidation recently, shutting down its series of concerts in Nevada according to the Las Vegas Sun.
The Las Vegas casino act that presented, in its own words, “a high-octane live rock concert with sexy dancers, human circus acts, aerialists, freaks and of course, a tour bus full of platinum certified rock stars.”
Before its bankruptcy filing, the circus had performed at the Las Vegas Hilton, bringing its fire-breathing, guitar rock, circus flavor to the predictably gaudy Vegas stage.
Sicko the Clown was the show’s notably strange master of ceremonies, bringing on the high-flying acts and screaming guitar solos while the band played rock classics like Highway to Hell.
Monster Circus has been a hot spot for legal litigation, with a group called Tim Molyneux Productions claiming that the defendants, Monster Circus founders, Anthony Cardenas, Pete Merluzzi, Kevin Wayne Waldrop and Paul Zamek had come to Molyneux about the circus show.
Molyneux, the company’s namesake claims, went to some effort to produce a 45-minute show concept to help pitch the idea at the Hilton, as well as a full-on production of the version that would play at the Hilton.
In March of 2009, Molyneux claims, the aforementioned circus founders then tried to squeeze him out of the production, even though he was on the bill as a show producer. The suit claims that Molyneux had not received any compensation for the work that he did on the show when they informed him that his services were no longer necessary.
He was not happy about this, and the suit is seeking almost $200,000 in costs for his production efforts, as well as a weekly salary and a cut of the proceeds from the 2009 run of the Monster Circus.
Attorneys for the circus are disputing Molyneux’s characterization of the events, and the suit is ongoing.
The Monster Circus side of the suit claims that they brought in Molyneux to create the showcase, and that they had paid him $30,000 already. They say that later Molyneux presented budgets that were inflated, with charges for food and beverages that were too high, and that he had told the Hilton that he was the creator of the show.
The lawsuit is just one part of the bankruptcy filing. The Monster Circus and its parent company listed hundreds of thousands of dollars in losses in 2008 and 2009, with assets of just over $15,000.
As notable, perhaps, as news of the Nevada Chapter 7 bankruptcy is the quirky list of items that the company has listed in its rundown of some racy and decidedly rock and roll assets. Many of the monetary values of the assets are unknown, as they are some truly unique items. Among these assets are, according to the Las Vegas Sun:
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