I called RePlay today to make them aware of this. I cannot comment more but there is no fact that will support their claims.
Elaut, Jersey Jack Embroiled in Lawsuit; Guarnieri Denies Allegations
Elaut USA has filed a lawsuit in New Jersey state court alleging that its former CEO Jack Guarnieri, former Elaut USA CFO Michael Carle, and Guarnieri's current company Jersey Jack Pinball diverted more than $1.6 million from the company coffers.
The lawsuit claims Guarnieri transferred the money to himself and his company through so-called "accounting tricks." Guarnieri, a columnist for this publication, reached out to RePlay to deny the lawsuit allegations.
Guarnieri said in a statement to RePlay. "I left the employ of Elaut USA more than three years ago. The complaint alleges that I, while employed at Elaut USA, took money for myself and for Jersey Jack Pinball, Inc., to which I was not entitled. I have categorically denied these allegations in response to this complaint, and I categorically deny them now. The complaint is utterly without merit. I intend to vigorously defend this matter and anticipate that when the truth emerges, I will be fully vindicated as to each and every allegation."
Carle has also denied the allegations. Elaut USA CEO Glenn Kramer told RePlay he could not comment on the ongoing lawsuit.