UPDATE: Glasser Images and ND Attorney General settle lawsuit

BISMARCK, N.D. (KFYR) - UPDATE 6 P.M.: The North Dakota Attorney General’s Office and Bismarck-based photography studio Glasser Images have settled their lawsuit.

After 16 years in business, Glasser Images shut down in October 2021. Hundreds of customers and subcontractors filed complaints against the company, owner Jack Glasser, and former employee Jace Schacher.

Lawsuits claim Glasser and Schacher wrongfully financed their personal lives with company funds.

North Dakota Attorney General Drew Wrigley announced Thursday he filed a proposed consent judgement in Burleigh County. He asked to ban the company from operating in the state for 15 years, pay more than $800,000 in restitution to impacted consumers and subcontractors, and pay a $30,000 civil penalty.

Glasser and Schacher each filed for bankruptcy in August last year.

The settlement was agreed to Thursday.

Tim O’Keeffe, Fargo attorney for Glasser, provided the following statement:

“As a young man, Jack Glasser started a business in Bismarck, employed many good people, served thousands of customers, and was successful for more than a decade and a half. When the Covid-19 pandemic happened, and without the ability to hold wedding gatherings, the photography business quickly spiraled downward. They simply could not continue. Since closing the doors, Jack and Jace have made extraordinary efforts to distribute the photography and videos to their valued clients. They sincerely hope this settlement agreement brings much needed closure.”

The money owed for restitution and the penalty are not dischargeable in a bankruptcy court.

ORIGINAL STORY: The North Dakota Attorney General’s Office is seeking to settle a lawsuit with former Bismarck-based photography studio Glasser Images.

Lawsuits claim Glasser and Schacher wrongfully financed their personal lives with company funds.

North Dakota Attorney General Drew Wrigley announced Thursday he filed a proposed consent judgement in Burleigh County. He’s asking to ban the company from operating in the state for 15 years, pay more than $800,000 in restitution to impacted consumers and subcontractors, and pay a $30,000 civil penalty.

Glasser and Schacher each filed for bankruptcy in August of last year. If the settlement is accepted, the money owed for restitution and the penalty would not be dischargeable in a bankruptcy court.

No decision on the settlement has been filed at this time.