ContractsProf Blog

Editor: D. A. Jeremy Telman
Valparaiso Univ. Law School

A Member of the Law Professor Blogs Network

Wednesday, February 23, 2005

Battle over Good name

An ugly contract battle about who controls a major Chicago real estate brokerage and auction firm is over, but the hard feelings are still tearing up a family.  Steven Good emerged the victor in Cook County court over his father, Sheldon Good, in the struggle for control of Sheldon Good & Co. International.  But Dad is not happy.

Steven agreed to buy the 39-year-old firm from his father in 2001.  He subsequently moved to expand by bringing in partners to the firm his father founded, giving ownership interests to brokers who could bring in business.  Sheldon, who remained as a salaried chairman emeritus, making $158,000 a year on a promise not to compete, opposed the reorganization and sued for breach of contract.  But he lost on all grounds.  The pair have apparently still not spoken.

http://lawprofessors.typepad.com/contractsprof_blog/2005/02/battle_over_goo.html

In the News | Permalink

TrackBack URL for this entry:

http://www.typepad.com/services/trackback/6a00d8341bfae553ef00d8350e0a8753ef

Listed below are links to weblogs that reference Battle over Good name: