We are looking forward to the judge and jury providing justice to my client in this matter and having all the Defendants pay the appropriate compensation for their misconduct."Īccording to the Complaint, BWE's Founder, Steven M. The Complaint alleges that some of these billionaire businessmen and their powerful and sophisticated advisors basically engaged in what our investigation revealed to be illegal behavior toward their business partners. The evidence will reflect that these shareholders worked years to develop BWE and invested their life savings into the concept only to then have the Defendants, under the direction and leadership of Preston, take over BWE through the alleged illegal acts and the breach of their fiduciary duties. concept to agree to a merger that was financially detrimental to BWE and its shareholders. "The Plaintiff has alleged that the Defendants in this case used their substantial business assets and power to coerce and induce a group of small original investors in The Original Brooklyn Water Bagel Co. "In my many years of practicing commercial and franchise litigation, this case stands out as among the most outrageous self-serving acts I have ever seen by a company's board of directors," stated Robert Zarco, the lead attorney in the lawsuit. Brooklyn water bagels trial#The civil action, which also requests a jury trial and the appointment of a custodian pendente lite for the Company while the litigation proceeds, was filed in the Circuit Court of the Fifteenth Judicial Circuit in and for Palm Beach County, Florida. The Complaint sets forth multiple instances of alleged deception and self-serving mismanagement by the Defendants to further their own economic interests at the expense of the Company and BWE shareholders. The Complaint also asks the Court for the judicial dissolution of Brooklyn Water Enterprises, LLC (the "Company"), and a rescission of the Company's Operating Agreement. The Plaintiff is represented by prominent Miami-based trial lawyer, Robert Zarco, of Zarco Einhorn Salkowski & Brito, P.A.Īmong twelve direct and derivative causes of action, the Complaint alleges: (i) several violations of the Florida Revised Limited Liability Act (ii) breach of fiduciary duty by the named company officers and directors (iii) civil conspiracy (iv) violation of the Florida Deceptive and Unfair Trade Practice Act (v) fraud in the inducement and (vi) negligent misrepresentation and omission. fast casual restaurant concept, has filed a multi-million dollar civil action against several key franchise owner entities and company board members, including John Preston, the founder and President of Canadian based North American Development Group which owns approximately 23 million square feet of shopping centers in the U.S. ("BWE"), the founding company of The Original Brooklyn Water Bagel Co. 27, 2017 /PRNewswire/ - Brooklyn Water Enterprises, Inc. Larry King.PALM BEACH COUNTY, Fla., Sept. Larry King Invests in Imitation NYC Bagel Company.There are also plans to expand to "include a pizza and pasta secondary brand, called the Brooklyn Water Pizza & Pasta Co." The chain's founder, Steven Fassberg, predicts 100 locations in the Los Angeles area alone over the next six and a half years. The chain has crazy plans for expansion: They've sold more than 200 franchise agreements in Florida as well as additional locations along the East Coast, including Baltimore. We imagine he'll also probably be hanging out in his sweet permanently reserved booth with multiple flatscreen televisions from time to time. King intends to "serve more in a promotional role" than an operational one. Their "Brooklynized" water sounds like a fake thing, but actually they "make" the water using a patented, 14-step process. It's the first West Coast location of the chain, which maximizes on the legend that New York bagels are delicious because of the local tap water. The Beverly Hills location of the Original Brooklyn Water Bagel Co., which ex-interview guy Larry King invested in last summer, opened today!
0 Comments
Leave a Reply. |
Details
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |