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Blatt Billiards Sues Former Co-Owner for $64K, Records Show

By Ben Fractenberg | April 2, 2015 12:47pm
 Former Blatt Billiards co-owner Ron Blatt was accused of devaluing stocks when he sold his share of the company in 2014, according to a lawsuit.
Former Blatt Billiards co-owner Ron Blatt was accused of devaluing stocks when he sold his share of the company in 2014, according to a lawsuit.
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DNAinfo/Andrea Swalec

MANHATTAN — He's behind the eight ball.

A former co-owner of famed pool table-maker Blatt Billiards is accused of devaluing his share in the company by more than $64,000 through financial mismanagement when he sold his stocks in the business last April, according to a lawsuit filed Tuesday.

Ron Blatt — whose grandfather, Samuel Blatt, founded the company in 1923 in The Bronx — entered into an agreement on April 7, 2014, to sell his shares in the company to co-owners Steven, David and Bruce Roeder for $150,000, court papers said.

However, Blatt had devalued the 102 shares he sold through mismanagement and also by failing to pay his share of workers compensation, according to the suit.

The Roeder brothers opened a new showroom at 330 W. 38th St. and factory in Wood-Ridge, N.J., in 2014.

Blatt closed its Greenwich Village factory in 2013 after 70 years at the location.

Past customers included Dustin Hoffman, Arnold Schwarzenegger and Tom Hanks.

The owners declined to comment when reached at the Midtown showroom.