ILNews

Gerdt Furniture owners embroiled in $4M court fight

Back to TopCommentsE-mailPrintBookmark and Share

A family dispute involving the owners of Gerdt Furniture & Interiors Inc. has led to a lawsuit accusing them of owing nearly $4 million in unpaid rent and loans.

Landlord George Gerdt is suing his younger brother, John, and John's wife, Cheryl, in addition to the retail business they operate, in Marion Superior Court.

The lawsuit follows the announced closing in December of the flagship Gerdt Furniture store in Southport, ending a 54-year run for the business. Commercials airing on local television stations say the store is in its final days of a closeout sale, but a salesperson answering the phone at the store said it would be open at least through March.
A Gerdt store in Castleton that opened in 1986 was closed late last year. Gerdt also opened a store along U.S. 36 in Avon in 2006, but closed it in 2009.

According to his complaint, George Gerdt owns the two buildings that housed the furniture stores in Southport and Castleton. He claims Gerdt Furniture & Interiors owes $870,000 in unpaid rent at the Southport location and $580,000 in unpaid rent at the Castleton location.

George Gerdt also says Gerdt Furniture & Interiors defaulted on a $2 million note and owes $408,579 on another loan.

In addition, he accuses John Gerdt of withholding collateral for the two notes, including proceeds from recent “going out of business” sales, the lawsuit says.

Reached by phone, Cheryl Gerdt declined to discuss the lawsuit, saying it’s “a family matter.”

Lynette Gray, a Franklin attorney representing George Gerdt, who resides in Florida, didn't return calls from IBJ seeking comment.

Edward Gerdt, the father of George and John, opened his original Southport store in 1959 after saving enough money to realize his dream of operating his own business. He had been a detective for the city of Indianapolis. The business moved to a bigger Southport store in 1992.

In a statement announcing the closure of the business in December, John Gerdt said, “Gerdt Furniture is a part of the history in Indianapolis and we have loved being a part of so many families’ lives. But there comes a time to move on, and [Cheryl] and I have decided to retire while we can still offer our customers the quality merchandise and service we are known for.”

IBJ is a sister publication of Indiana Lawyer.

ADVERTISEMENT

Post a comment to this story

COMMENTS POLICY
We reserve the right to remove any post that we feel is obscene, profane, vulgar, racist, sexually explicit, abusive, or hateful.
 
You are legally responsible for what you post and your anonymity is not guaranteed.
 
Posts that insult, defame, threaten, harass or abuse other readers or people mentioned in Indiana Lawyer editorial content are also subject to removal. Please respect the privacy of individuals and refrain from posting personal information.
 
No solicitations, spamming or advertisements are allowed. Readers may post links to other informational websites that are relevant to the topic at hand, but please do not link to objectionable material.
 
We may remove messages that are unrelated to the topic, encourage illegal activity, use all capital letters or are unreadable.
 

Messages that are flagged by readers as objectionable will be reviewed and may or may not be removed. Please do not flag a post simply because you disagree with it.

Sponsored by

facebook - twitter on Facebook & Twitter

Indiana State Bar Association

Indianapolis Bar Association

Evansville Bar Association

Allen County Bar Association

Indiana Lawyer on Facebook

facebook
ADVERTISEMENT
Subscribe to Indiana Lawyer
  1. It appears the police and prosecutors are allowed to change the rules halfway through the game to suit themselves. I am surprised that the congress has not yet eliminated the right to a trial in cases involving any type of forensic evidence. That would suit their foolish law and order police state views. I say we eliminate the statute of limitations for crimes committed by members of congress and other government employees. Of course they would never do that. They are all corrupt cowards!!!

  2. Poor Judge Brown probably thought that by slavishly serving the godz of the age her violations of 18th century concepts like due process and the rule of law would be overlooked. Mayhaps she was merely a Judge ahead of her time?

  3. in a lawyer discipline case Judge Brown, now removed, was presiding over a hearing about a lawyer accused of the supposedly heinous ethical violation of saying the words "Illegal immigrant." (IN re Barker) http://www.in.gov/judiciary/files/order-discipline-2013-55S00-1008-DI-429.pdf .... I wonder if when we compare the egregious violations of due process by Judge Brown, to her chiding of another lawyer for politically incorrectness, if there are any conclusions to be drawn about what kind of person, what kind of judge, what kind of apparatchik, is busy implementing the agenda of political correctness and making off-limits legit advocacy about an adverse party in a suit whose illegal alien status is relevant? I am just asking the question, the reader can make own conclsuion. Oh wait-- did I use the wrong adjective-- let me rephrase that, um undocumented alien?

  4. of course the bigger questions of whether or not the people want to pay for ANY bussing is off limits, due to the Supreme Court protecting the people from DEMOCRACY. Several decades hence from desegregation and bussing plans and we STILL need to be taking all this taxpayer money to combat mostly-imagined "discrimination" in the most obviously failed social program of the postwar period.

  5. You can put your photos anywhere you like... When someone steals it they know it doesn't belong to them. And, a man getting a divorce is automatically not a nice guy...? That's ridiculous. Since when is need of money a conflict of interest? That would mean that no one should have a job unless they are already financially solvent without a job... A photographer is also under no obligation to use a watermark (again, people know when a photo doesn't belong to them) or provide contact information. Hey, he didn't make it easy for me to pay him so I'll just take it! Well heck, might as well walk out of the grocery store with a cart full of food because the lines are too long and you don't find that convenient. "Only in Indiana." Oh, now you're passing judgement on an entire state... What state do you live in? I need to characterize everyone in your state as ignorant and opinionated. And the final bit of ignorance; assuming a photo anyone would want is lucky and then how much does your camera have to cost to make it a good photo, in your obviously relevant opinion?

ADVERTISEMENT