kong
06-18-2012, 06:36 PM
Richard Dreyfuss Sues Father and Uncle, Again
Actor Richard Dreyfuss is suing his father and his uncle to dissolve their business partnership and demand repayment of a $870,000 loan he made to them.
A star of "Jaws" and "Close Encounters of the Third Kind," Dreyfuss filed an action for dissolution and breach of fiduciary duty against his father, Norman Dreyfuss, and his uncle, Gilbert Dreyfuss, according to Courthouse News Service. The actor filed a similar suit against his father and uncle in 2008. Calls to Dreyfuss' lawyers were not immediately returned. According to Courthouse News Service, Dreyfuss said his family asked him to contribute $870,000 for a "family crisis" 20 years ago, but instead used the money to buy a 13-story office building in downtown Los Angeles. Dreyfuss also claims that, although he owns at least 29 percent of the company, he has received nothing in exchange for his investment. "Norman and Gilbert essentially have kept Richard in the dark about the Partnership's finances. They are now taking positions contesting the amount of Richard's interest and the amount of his financial contributions," the complaint said, according to Courthouse News. Dreyfuss said his father and uncle claim he owns no more than 10 percent of the business. He alleges that they pocketed $5.5 million from a 2009 judgment won by the company but gave the actor nothing. Now, he says in his complaint, his father and uncle are trying to sell the building. In addition to asking for his original loan back and a dissolution of their business partnership, Dreyfuss wants the judge to rule any profits from the sale of the building to be placed in a constructive trust, to which he is entitled.
http://abcnews.go.com/Entertainment/richard-dreyfuss-sues-father-uncle/story?id=16595279
Actor Richard Dreyfuss is suing his father and his uncle to dissolve their business partnership and demand repayment of a $870,000 loan he made to them.
A star of "Jaws" and "Close Encounters of the Third Kind," Dreyfuss filed an action for dissolution and breach of fiduciary duty against his father, Norman Dreyfuss, and his uncle, Gilbert Dreyfuss, according to Courthouse News Service. The actor filed a similar suit against his father and uncle in 2008. Calls to Dreyfuss' lawyers were not immediately returned. According to Courthouse News Service, Dreyfuss said his family asked him to contribute $870,000 for a "family crisis" 20 years ago, but instead used the money to buy a 13-story office building in downtown Los Angeles. Dreyfuss also claims that, although he owns at least 29 percent of the company, he has received nothing in exchange for his investment. "Norman and Gilbert essentially have kept Richard in the dark about the Partnership's finances. They are now taking positions contesting the amount of Richard's interest and the amount of his financial contributions," the complaint said, according to Courthouse News. Dreyfuss said his father and uncle claim he owns no more than 10 percent of the business. He alleges that they pocketed $5.5 million from a 2009 judgment won by the company but gave the actor nothing. Now, he says in his complaint, his father and uncle are trying to sell the building. In addition to asking for his original loan back and a dissolution of their business partnership, Dreyfuss wants the judge to rule any profits from the sale of the building to be placed in a constructive trust, to which he is entitled.
http://abcnews.go.com/Entertainment/richard-dreyfuss-sues-father-uncle/story?id=16595279