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Specialized was criticised by the court for "terminating suddenly and abusively" its distribution contract with José Alvarez, reports Bike Europe.
As well as the 500 000 fine, Specialized has been ordered to pay 20 000 for settlement of outstanding accounts and 18 000 in legal costs.
It’s probable that Specialized will appeal the decision and the huge fines will be either reduced or overturned. Shortly after losing the rights to Specialized, José Alvarez was appointed French distributor for GT.
The president of Ets. José Alvarez is Alain Goetzmann, the president of Cycleurope from 1996 to 2000.
