Shankar Patel of Little Rock and Eric Young of Benton each put up half of the $36,000 needed to open Hawg's Pizza in Little Rock in October 2005, according to Patel's lawsuit, filed in Pulaski County Circuit Court.
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 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.
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|Title Annotation:||Shankar Patel sued his partner Eric Young for breach of contract|
|Comment:||Pizza settlement.(Shankar Patel sued his partner Eric Young for breach of contract)|
|Article Type:||Brief article|
|Date:||Oct 23, 2006|
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