AKRON (Sept. 22, 2004) — The Northeast Ohio Regional Tire Dealers Association (NORTDA) will be disbanding its organization due to the financial strain of a pending lawsuit.
The association has decided to disband due to the liability presented by a suit filed against the group and an entertainer it had hired for a Christmas party in 2001, according to Executive Secretary Joan Floyd. NORTDA's board of directors concluded that the cost of insurance to protect the association from litigation “exceeded NORTDA's potential resources,” Jeffrey Smith, NORTDA president, wrote in a letter to association members.
“It is with great sadness that I have to inform you that as an association NORTDA has disbanded,” Mr. Smith wrote in the letter. “I want to assure you that your board of directors, Joan and Bill Floyd (NORTDA newsletter editor) and myself have done everything possible to avoid this. However, we just had no choice left in the end.”
Mr. Floyd also is the retired executive director the Ohio Tire Dealers & Retreaders Association.