Denver-based Scott’s Liquid Gold said Monday that a shareholder is interfering in a proposed company real-estate sale and is engaging in defamatory and libelous behavior.
In a letter to shareholder Timothy Sta-bosz of LaPorte, Ind., Scott’s lawyers said the company “demands that you refrain from any further tortious activity, and intends to pursue all available legal remedies should you fail to do so.”
Stabosz last month had from a proposed $9.5 million sale of property at the company’s headquarters at 4880 Havana St. Scott’s has a contract to sell the real estate, then lease back a portion of the office and warehouse space.
Stabosz had cited Scott’s “abysmal record of net losses” and flagging share price.
Scott’s attorneys said Stabosz’s comments threaten to derail the real-estate sale and have caused “direct and immediate harm to other important business relationships.”
Stabosz owns 7.1 percent of Scott’s, a manufacturer and distributor of wood conditioners, air fresheners and skin-care products.
