AUBURN– The city’s mayor is taking legal action against the brand-new owners of his previous company for breaking their contract to have him stay on as an employee.Mayor Jason Levesque
filed a civil grievance at Androscoggin County Superior Court earlier this week declaring that ITC Argo LLC failed to pay him capital assets, overdue commissions, travel expenses and compensation for company business expenses that he had charged on his personal credit card.A spokesperson for ITC declined comment Thursday.The company had actually accepted employ Levesque as an executive vice president beginning Oct.
1, 2017, for a minimum of one year, at an annual salary of $125,000, plus a cars and truck repayment of$ 750 per month and full health care coverage for him and his family.His total wages were to consist of commissions made for bringing in new customers and expanding service with existing customers
, inning accordance with the grievance that was filed May 30 by Taylor, McCormack & Frame LLC, the Portland law company representing Levesque.In his suit, Levesque is looking for to have the court set aside$ 459,421.29 that he said he expects to be awarded after he dominates. That quantity includes a minimum of$
100,000 in overdue commissions and about $55,000 credited his credit card for financial obligations largely paid to telephone and computer vendors.Although ownership of business transitioned from Levesque to the Georgia-based ITC Capital Partners at the end of September, the purchaser and seller agreed that working capital, including money balances would
be calculated and paid to Levesque by the end of 2017.”This plan benefited ITC by enabling time to increase its earnings and become economically steady without needing to acquire capital funds from ITC Capital Partners, it’s parent business,”according to the lawsuit.That due date was later on
pushed back to February.The overall amount of working capital due Levesque was tallied by an individually contracted bookkeeper at $295,000, inning accordance with the suit. An executive for ITC came to a much lower figure of$30,000 that looked, rather,
at the brand-new owner’s net figures at the end of 2017 instead of since Oct. 1, inning accordance with the lawsuit.After presuming his brand-new position at ITC, Levesque discovered that”operating expenses for business were going up considerably, “with the hiring of numerous new executives and”several other ill-advised expenses, “inning accordance with the lawsuit.In January, the business held an “emergency situation money flow”conference where Levesque participated.
“It had become obvious that ITC might not meet its upcoming payroll responsibilities and alternative sources of capital were needed. The crisis was substantiated of mismanagement, “according to the lawsuit.Levesque had retained an American Express credit card in the name Argo Marketing Group Inc. The charge card had not been part of the asset sale and was protected by Levesque personally.
He was”pressured “by an executive at the company to use that card to pay telephone and computer system vendors”under the threat that ITC would ‘collapse’ if( he)did not do so,” according to the lawsuit.Levesque was assured he would be paid back within 60 days before sustaining an interest. Other repeating charges for items such as software application license fees, continued to be charged to his individual card.When he was not fully paid back by the business for those charges, Levesque paid his charge card costs with his own money, amounting to more than $55,000. In March, Levesque was excluded from further meetings where cash flow was talked about, inning accordance with the suit. He became aware of one of the
company’s outsourced call centers in Columbia, to which ITC owed more than$200,000 and that terminated service with ITC, according to the lawsuit.The owner of the Columbia call center called Levesque to inform him about
the debt and threatened legal action.Two days after forwarding that information to ITC’s executive group, Levesque was fired, according to the lawsuit.Levesque was escorted out of the Lewiston structure, which he owns, and has not been permitted to go back to collect his individual valuables, inning accordance with the complaint.A Sun Journal press reporter fulfilled Thursday at ITC’s call center at 64 Lisbon St. in Lewiston with Mark Veyette, chief technical officer, who had no comment on the lawsuit.Levesque sold the business 15 years after he began it. The business utilized 300 individuals at the time of sale, including 200 in Lewiston.”I
realized back in early 2017 that in order for the company to continue to grow, we required two things: capital
and extra mental capacity,” Levesque informed the Sun Journal last month.”I had a great deal of questions, however(ITC Capital)came to the table with the best strategy, the most capital and
the most knowledge.”Since 2013, Argo, a mainly incoming call center, has been headquartered at 64 Lisbon St., in the previous McCrory’s department store, which went through a comprehensive,
multimillion-dollar renovation.Levesque was chosen mayor of Auburn in November 2017. Jason Levesque(Sun Journal file image) The Argo Marketing building on Lisbon Street in Lewiston, displayed in 2017. (Russ Dillingham/Sun Journal)