The original Kramer company effectively came to an end in January 1991, mostly due to financial problems. The company had been spending huge amounts on advertising and endorsements, and then lost a lawsuit with Floyd D. Rose over royalties. A notorious firesale of surplus necks, bodies and hardware was held out of New Jersey. In the early '90s, Artist Relations manager Billy "Falcon" Connolly left New Jersey and moved to Princeton, West Virginia and started a small guitar company called Falcon Custom Guitars. Billy made beautiful hand made acoustic and electric guitars that are cherished by his Kramer fans. Falcon Custom Guitars came to an untimely close at the end of summer of 1999 when Billy died.