Plasmatronics puts off answer to suitCROWN POINT | A response from Plasmatronics Inc., to Crown Point about a lawsuit the city filed against the company will be forthcoming next week, said a spokeswoman for Ice Miller, LLP, representing the city.
Plasmatronics' response was due Friday, but it is now expected to reply in Marion County Superior Court on Monday, said Joy Fischer, director of marketing a communications for the Indianapolis-based law firm.
Joseph Stalmack, the Hammond attorney representing Plasmatronics, Inc, Plasmatronics LLC and its guarantors, did not return phone calls seeking comment.
In July, Crown Point sued the New York-based company and its guarantors to recover $380,000 it loaned the company, alleging Plasmatronics did not honor the loan agreement it had with the Crown Point Development Corporation. Officials decided to attempt to recover the loan after the company terminated its relationship with the city.
The loan was used as an incentive for the company to locate in the city and was funded by taxpayer money from a tax increment financing district. When Plasmatronics announced it would be manufacturing its Plasma Drive Ignition system in Crown Point, the company promised more than 200 jobs in exchange for the loan and state incentives.
According to court documents, Stalmack asked the court for an additional 30 days from the original due date of July 28 to respond to the lawsuit, making his response due in late August. Then, in August, he asked for an additional extension that would allow him to submit a response Friday. Friday, the parties agreed to a further delay.