According to the suit, QMA has been accused of failing to pay over $9,000 for merchandise purchased on an open account.
Since QMA shut down in November 2008, resulting in over 100 employees losing their jobs, they have been the target of several lawsuits including First National Bank of Altus who is seeking foreclosure because of two faulty loans totaling over $450,000; and the Oklahoma Industrial Finance Authority who is also seeking foreclosure on the lease of the company’s facility that was used as collateral for a $2 million loan in 1998.
In an effort to help bring in potential buyers and investors, the City of Altus agreed to turn the electricity back on at the Quartz Mountain Aerospace facility for touring earlier this month.
Although the company has not paid the approximate $162,000 in back utilities and late fees that spurred the initial service disconnection back in early June, Altus’ City Attorney Catherine Coke said that the city agreed to turn the power back on after a month’s worth of payments were made.
“They paid about $2,500 and will have to continue to make payment in order to keep the utilities on,” Coke said.
The company has reportedly been in discussions with several companies to discuss renting the facility or even forming a partnership, despite a number of pending lawsuits regarding loan defaults.
QMA owes the City over $420,000 just in loans, and even more in utilities, fuel and other fees.