Pizza settlement.A pizza partnership in Little Rock that ended when the two owners fought over dough turned out OK for one of the entrepreneurs. He recently received a judgment against the other for more than $300,000.Shankar Patel of Little Rock and Eric Young Eric Young can refer to:
prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. Patel's lawsuit lawsuit: see procedure; tort. , filed in Pulaski County Pulaski County is the name of several counties in the United States:
Young ran the pizza parlor day-to-day and repeatedly told Patel that pizzas were flying out of the store and the company was profitable, the lawsuit said. But in early 2006, Patel noticed discrepancies in the monthly income and the bank statements and wanted a closer inspection of the books. Young refused to show Patel the numbers, Patel said in the lawsuit. Patel tried to get a meeting with Young, but Young never returned his phone calls, Patel said. Patel sued for breach of contract, breach of fiduciary duty Noun 1. fiduciary duty - the legal duty of a fiduciary to act in the best interests of the beneficiary legal duty - acts which the law requires be done or forborne and fraud. Young ignored Patel again and didn't answer the lawsuit. A default judgment was placed against him for a total of $304,500 plus interest. We couldn't reach Young for comment and Hawg's Pizza's phone number has been disconnected. |
|
|||||||||||||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion