In May 2016, according to the lawsuit, Ted Dahlstrom and Bonous approached law enforcement and claimed that Fulton was stealing from the property. Prior to the trial, a judge ruled the meeting was improper because there wasn't a quorum. It's unclear why they believed the move would be binding, given that Fulton owned a controlling interest in both companies associated with the farm's operation. The Maple Grove minority owners held a meeting in July 2015 to remove Fulton as manager, according to the lawsuit. Sappington said in court that Fulton deferred compensation when the business was getting started, but wanted credit for the deferral and always intended to take a salary in later years. The trial was held in Greene County because that's where Maple Grove's registered agent is located.Īccording to Fulton's lawsuit, the minority owners of the companies claimed that they learned in early 2015 that Fulton was receiving compensation for his work. The final version of the lawsuit pitted the Fultons and Meadowfresh against several minority owners of the two companies - Leon Rinehart, Ted and Carol Dahlstrom, Curtis and Lisa Hall and Kyle Bounous.Īll of the individuals named in the suit reside in Newton, Lawrence or Jasper counties. Fulton worked as the day-to-day manager of the farm. The companies were formed in October 2011 in connection with the operation of a cattle ranch in Jasper County. He and his wife own a majority stake of Meadowfresh Solutions, a company that in turn owns a majority stake in Maple Grove Farms LLC. Jacob Sappington, an attorney representing Fulton, called the matter "one of the most complex cases I've ever been involved in."įulton filed the original lawsuit in August 2015. The civil trial stretched more than two weeks. The jury awarded a total of $7.3 million in damages to Fulton, wife Susan and Meadowfresh Solutions LLC - an entity the couple own a majority of - on Monday evening, after deliberating for about five hours. A Greene County jury has ordered several co-owners of a southwest Missouri cattle ranch to pay millions of dollars to a business partner who also managed the property.Ībout a third of the judgment was awarded for "malicious prosecution." John "Jock" Fulton's lawsuit claimed that some of his business partners schemed to get him charged with a felony after he sued them following an attempt to force him out of the business.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |