Breach of Contract
Real Estate Developer
vs.
Investor Group
LexShares Investment
$300,000
Case Type
Breach of Contract
Jurisdiction
Federal
Case Details
In this breach of contract and breach of fiduciary duty matter, the plaintiff, a real estate developer, alleged that the defendants illegally squeezed him out of a lucrative business opportunity. The venture related to the development of a multi-family real estate project, of which the plaintiff and defendants were part owners. While the project was under development, the plaintiff and defendants encountered a series of disagreements. This set into motion a course of events allegedly orchestrated by the defendants to illegally freeze the plaintiff out of the project, despite his ownership interest.
Funding Impact
LexShares’ funding provided the plaintiff the ability to monetize his pre-settled legal claim in order to pay for litigation related expenses not covered under the partial contingency agreement. Additionally, a portion of LexShares’ $300,000 investment offered the plaintiff the flexibility to pursue other real estate investment opportunities.
Case at a glance
Law Firm
Commercial litigation boutique
Engagement Structure
Partial contingency
Plaintiff
Real estate developer
Defendant
Investor group
Case Stage at Investment Date
Discovery
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