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.
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.