Kickstarter, Central Standard Timing, and the futility of a lawsuit
By John Carpenter
Blue Sky Reporter
It’s hard to imagine a more clear-cut failure than Central Standard Timing, the Chicago-based Kickstarter project that raised $1 million two years ago and now seems to be out of money after delivering only a handful of its “world’s thinnest” watches.
Some backers of the project have raised the possibility of lawsuits, yet none have followed through.
Lawyers say that underscores the risk of supporting product-based crowdfunding campaigns: Good luck getting your money back if you “buy” something on Kickstarter and it never gets delivered.
To read the rest of this story, published in the Chicago Tribune July 17, 2015, click here.