News

Yetter Coleman Successfully Settles $30 Million Business Fraud and Fiduciary Breach Suit

During a Texas jury trial, Yetter Coleman settled our client’s state-court fraud and fiduciary breach lawsuit against his former business partners.

The firm represented a company founder who alleged that he was forced out by his partners and defrauded into selling his equity stake at a low price. Within months of buying out the founder's stake, his former partners sold the entire business for a substantial profit -- including $30 million that should have been paid to the founder. Defendants hired two large, respected law firms and launched a vigorous defense for almost three years. After jury selection and just before opening statement, Yetter Coleman secured a satisfactory settlement for the client.

Paul Yetter was lead trial counsel, along with team members Rob Ellis, Doug Griffith, and Jane Ray. Reagan Simpson was appellate counsel and argued several legal issues. Co-lead counsel was Scott West of the West Law Firm.