(Complaint 77-80.). There are several actions that could trigger this block including submitting a certain word or phrase, a SQL command or malformed data. Plaintiffs allege they continued to reach out to Individual Defendants on closing AEGs commitment to the fund, and in July 2020, Gimbel informed Plaintiffs that the fundraising period had officially closed. (Letter Agreement, 15. 1-2.). Plaintiffs have framed the Letter Agreement as an unconditional promise to ensure AEG would be an investor in the New Fund; however, the terms of the Letter Agreement itself do not support this interpretation. (Cross-Complaint 59-61.) As such, in the event AEG was not in fact obligated to commit its investment before the first close or final close, Cross-Complainants have sufficiently pled a claim based upon Cross-Defendants alleged obstruction of the investment. ), Cross-Complainants declaratory relief cause of action is based on allegations a controversy exists between Cross-Complainants and Cross-Defendants regarding their respective rights and obligations under the Letter Agreement, specifically, Cross-Complainants claim they fully complied with their obligations while Cross-Defendants breached by failing to cooperate and finalize their investment in the New Fund, and accordingly, Cross-Defendants are not entitled to any rights described in the Agreement (Cross-Complaint 68.) Cross-Complainants allege they negotiated in good faith with Cross-Defendants to salvage a deal for the next year and a half but whenever the parties were at the point of finalizing the agreement, Cross-Defendants would not follow through. Why is this public record being published online? June 28, 2019).) Rather, as discussed above, the Letter Agreement only involves certain promises provided that AEG make its $10 million Commitment, which it is undisputed was never made. Find more info on AllPeople about Michael Adkins and The Gores Group, LLC, as well as people who work for similar businesses nearby, colleagues for other branches, and more people with a similar name. (VLIW Tech., LLC v. Hewlett-Packard Co., 840 A.2d 606, 612 (Del. The Court notes that in the Letter Agreement, the parties agreed to use their reasonable best efforts to cooperate with each other to, discharge their respective obligations under the agreement and to take such other actions as may be reasonably necessary to further the purposes and intent of the Letter Agreement. Possible relatives for Michael Gores include Jaime Staupe, Cathy Gores, Jaime Mckenzie and several others. Creed 3. . (Complaint 2, 16, Exh. The structure itself is set notable far back on its lot, with plenty of driveway space for two cars in addition to the two-car attached garage. 2003). Its also got a unique celebrity history the place was sold to Gores by prominent talent manager George Shapiro, best-known as Andy Kaufmans manager and for his executive producer credits on Seinfeld. Shapiro hired Barack Obamas White House interior designer Michael S. Smith to do up his Malibu decor in a very traditionally elegant manner. Dirt is a part of Penske Media Corporation. (Demurrer, pgs. Search Details, Michael Gore's Contact Info, Social Profiles & More Based on the foregoing, Defendants demurrer to Plaintiffs 1st cause of action is sustained with leave to amend. The poor Democrats trapped in the bloody and broken city of Chicago finally came to their senses. 6/21/2022: Ex Parte Application - EX PARTE APPLICATION JOINT EX PARTE APPLICATION TO CONTINUE SUMMARY JUDGMENT AND TRIAL DATES, 9/16/2020: Stipulation - No Order - STIPULATION - NO ORDER TO EXTEND TIME TO RESPOND TO COMPLAINT, 6/21/2022: Minute Order - MINUTE ORDER (INFORMAL DISCOVERY CONFERENCE (IDC)), 6/16/2022: Proof of Service (not Summons and Complaint), 6/16/2022: Notice of Lodging - NOTICE OF LODGING OF DOCUMENTS UNDER SEAL PURSUANT TO C.R.C. 2009) 976 A.2d 170. Cross-Complainants allege Cross-Defendants sought to turn AEGs contractual obligation into a contractual option, and only after the New Fund had closed, after Cross-Complainants claimed Cross-Defendants they had breached the Letter Agreement, and after Cross-Defendants learned the New Fund had been more successful anticipated, did Cross-Defendants file their meritless complaint in this action. The state with the most residents by this name is Minnesota, followed by California and Colorado. Michael Gore's Record in 2018. Resides in Los Angeles, CA . (Opposition, pg. (Cross-Complaint 4, 32-34.) Gores, who owns the Detroit Pistons and has been a LACMA trustee since 2006, is not the first businessman to resign from a prominent museum board over links to law enforcement or prisons. Ex Parte Application - EX PARTE APPLICATION JOINT EX PARTE APPLICATION TO CONTINUE SUMMARY JUDGMENT AND TRIAL DATES, Stipulation - No Order - STIPULATION - NO ORDER TO EXTEND TIME TO RESPOND TO COMPLAINT, Minute Order - MINUTE ORDER (INFORMAL DISCOVERY CONFERENCE (IDC)), Proof of Service (not Summons and Complaint), Notice of Lodging - NOTICE OF LODGING OF DOCUMENTS UNDER SEAL PURSUANT TO C.R.C. how to check if swap backing store is full; tommy armour silver scot forged irons; kerry cottage closing ), Gallants Standing as an Intended Third-Party Beneficiary to the Letter Agreement (1st, 2nd, and 3rd COAs), As a preliminary matter, Cross-Defendants assert the demurrer should be sustained as to all causes of action brought by Gallant because it has failed to allege facts suggesting it was an intended third-party beneficiary of the Letter Agreement. 2021-07-28, Los Angeles County Superior Courts | Contract | He also has a reputation as a progressive team owner, providing financial assistance to the Flint community amid its water crisis four years ago and recently allowing the Pistons new practice facility to serve as a polling place. Los Angeles, CA 90036. (Demurrer, pgs. (Cross-Complaint 1.) The Letter agreement contains additional terms relating to the Management Companys income, operating costs, and budget. Fraud False Promise (3rd COA) Individual Defendants, To state a fraud claim, Plaintiffs must allege (1) a false representation; (2) knowledge or belief that the representation was false, or reckless indifference to the truth; (3) an intent to induce Plaintiffs to act or refrain from acting; (4) that Plaintiffs acted or failed to act in justifiable reliance upon the representation, and (5) damages. 2021-08-03. Current residents include Sting,Tom Hanks, Rob Reiner and John McEnroe. Finally, one place to get all the court documents we need. ), Plaintiffs breach contract cause of action is based on the following allegations: (1) Plaintiffs and Individual Defendants entered into the Letter Agreement pursuant to which the parties agreed AEG would become an investor in Gallant by investing $10 million; (2) Individual Defendants breached the Letter Agreement by refusing to allow AEG to invest in the New Fund and by refusing to grant AEG the membership interests and rights to which it was entitled; (3) Plaintiffs have been damaged as a result. By. v. Alon USA Energy, Inc., 2019 WL 2714331, at *10 (Del. Plaintiffs allege Gores agreed Individual Defendants would receive parting discretionary bonuses to bolster their financial security in their new venture. On April 20, 2021, the Court overruled Cross-Complainants demurrer as to the 2nd cause of action, overruled Gallants demurrer to the 4th and 5th causes of action, sustained Individual Defendants demurrer to the 4th and 5th causes of action without leave, and sustained Cross-Complainants demurrer to the 1st, 3rd, and 6th causes of action with leave to amend. ), Plaintiffs declaratory relief cause of action is based on allegations a controversy exists between Plaintiffs and Individual Defendants regarding their respective rights and obligations under the Letter Agreement, specifically, Plaintiffs claim they are entitled to invest in the New Fund entitling AEG to receive membership interests and percentages of carried interest while Individual Defendants deny these claims and contend AEG does not have a right to invest in the fund. Gores represented Academy Award-winning actor Philip Seymour Hoffman,[3] and was described as the most un-agent agent in the business because hes a human being first, by another one of his clients, Laurence Fishburne. Hotel Bel-Air. 2020-02-19, Los Angeles County Superior Courts | Personal Injury | This season I am using FanGraphs Roster Resource Depth Charts * as the source of default lineups. Michael Gore Cable Harness Engineer at NASA Jet Propulsion Laboratory Pasadena, California, United States 414 connections Join to connect NASA Jet Propulsion Laboratory Penn State University. His CD of Rodgers and Hammerstein's The King and I starring Julie Andrews and Ben Kingsley received critical acclaim, was Number One on Billboard's Classical Crossover Album chart for 17 weeks, and remained in the Top Ten for almost a year. Plaintiffs allege this term had no place in the underlying investment documents and Gores did not agree to impose such a restriction on Gores Group as part of its investment. (Complaint 33.) More delays to invest occurred prior to the New Funds third, fourth, fifth, and sixth closes. LA. Michael Jocson Bustos May 8, 1961 - November 29, 2022 Los Angeles, California | Age 61. Last year, they tried to persuade public pension funds to not invest in Platinums latest buyout fund, yet the firm raised its biggest fund yet. Moreover, Plaintiffs have not sufficiently alleged fraud with requisite factual specificity. (Notice of Demurrer, pg. Defendants Jon Gimbel (Gimbel), Anthony Guagliano (Guagliano) (the Individual Defendants), and Gallant Capital Partners (collectively, Defendants) demur to the 1st (breach of contract), 2nd (breach of the covenant of good faith and fair dealing), 3rd (fraud false promise), 4th (quantum meruit), 5th (unjust enrichment), and 6th (declaratory relief) causes of action in the complaint of Plaintiffs The Gores Group, LLC (Gores Group) and AEG Holdings, LLC (AEG) (collectively, Plaintiffs). The Court notes Plaintiffs cite to allegations demonstrating Individual Defendants intention to not include AEG as an investor, To state a cause of action for quantum meruit, a plaintiff must allege the following: (1) it performed services with the expectation that Defendants would pay for them; and (2) Defendants should have known that plaintiff expected to be paid. Cross-Complainants allege that Individual Cross-Complainants, while at Gores Group in 2017, decided to start their own private equity firm [Gallant], and Gores engaged them in discussions that led to a proposed deal that would grant Gores a financial stake in Gallants New Fund and its successor funds in exchange for AEG [a Gores Group affiliate] investing $10 million [or up to 5% of the New Funds total commitments] as an anchor investment in Gallants New Fund. Best MatchPowered by Whitepages Premium Michael Paul Gore Los Angeles, CA (Westside La) AGE 60s AGE 60s Michael Paul Gore Parece que no se ha encontrado nada en esta ubicacin. . Do Not Sell or Share My Personal Information. The Dodgers finished first in the majors in 2022 with 5.23 runs scored per game. The Court notes Plaintiffs cite to allegations demonstrating Individual Defendants intention to not include AEG as an investor at the time they entered the Letter Agreement notwithstanding their alleged promise to do so in the Letter Agreement; however, all these allegations involve events that occurred after the execution of the Letter Agreement. Based on the foregoing, the Individual Defendants demurrer to Plaintiffs 5th cause of action is sustained without leave to amend, and overruled as to Gallant. Search address history, phone, age and more. 1-2. His company has been acquiring agencies, many of them in the music industry" by Claire Hoffman, Forbes: The World's Billionaires - Tom Gores, Palestinian Surprise: "TALENT AND LITERARY AGENT SAM GORES", "Board of Trustees | The American Academy of Dramatic Arts", "Coronavirus unemployment: Paradigm staff say they were misled - Los Angeles Times", "Paradigm Revolt: CEO Sam Gores Backs Down After Music Agents Object to 50% Pay Cut", "Paradigm Agent's Lawsuit May Be First of Many Coronavirus Breach of Contract Claims", "Paradigm Hit With Blistering $2M Breach Of Contract Suit By Debbee Klein; Sam Gores' Agency Says "False, Frivolous & Scurrilous" Update", "Company funds used for prostitutes, alleges ex-partner at Paradigm Talent Agency", "Former agent's allegations of company funds paying for prostitutes 'pure fabrication,' talent agency says", "Paradigm's Sam Gores Accused of Using Corporate Funds for Prostitutes", "Debbee Klein and Paradigm Agree to Settle Dispute in Arbitration", "Paradigm Responds To Debbee Klein's Suit: Sam Gores' Ex-Asst Calls Prostitutes Claims "Blatant Lies"; Agency Seeks Arbitration For Case", Americada: "Gores, King and White Join Academys Board", https://en.wikipedia.org/w/index.php?title=Sam_Gores&oldid=1128888634, This page was last edited on 22 December 2022, at 13:58. Case Number: *******3078 Hearing Date: April 20, 2021 Dept: 71. Last October, the EpiPals nonprofit founder paid $6.4 . Activists have not been satisfied with the pace of rate reductions. (Opposition, pg. LOS ANGELES (Hollywood Reporter) - Al Gore, the world's pre-eminent environmentalist, has embarked on his toughest recycling challenge: his own cable channel. NBA team owner Tom Gores stepped down from the board of the Los Angeles County Museum of Art on Thursday night after calls for the billionaire's ouster over his investment firm's ownership of. (Complaint 31. She is a graduate of the University of . Individual Defendants alleged breach of the agreement is based on the fact AEG did not make its $10 million commitment to the New Fund, and as such, it was never granted the rights and privileges appurtenant thereto. The Benefit started with tours of The Colich Track & Field Center before attendees participated in jumping, running, hurdling and throwing stations under the watchful eyes of the coaching staff . The current status of license is Licensed (Active) and it is valid till 25 May, 2021. A phone number associated with this person is (651) 458-8142, and we have 5 other possible phone numbers in the same local area codes 651 and 303. Michael Gore worked as a Substitute Teacher for Los Angeles Unified and in 2018 had a reported pay of $29,680. Found 150 colleagues at The Gores Group, LLC. Search Employees; . Publications. (See XI Specialty Ins. Real estate agents, real estate brokers and realty companies are required to be licensed for conducting real estate transactions in the United States. Kelly is the writer, director, and producer of HEAL, a documentary about the mind-body connection and the body's innate ability to heal. Cross-Complainants allege Cross-Defendants did not honor their obligation to cooperate and provide an anchor investment. . Plaintiffs allege these documents were never signed because in May 2020, perhaps after realizing the fund could survive the pandemic without AEGs investment, Individual Defendants started incorrectly claiming Plaintiffs were not entitled to enforce the Letter Agreement because AEG was not part of the funds first close and was, therefore, in breach of the Letter Agreement. Michael B Jordan was praised for his journey "from man to god" as he was honoured with a star on the Hollywood Walk Of Fame. 1) Michael Gore's Phone & Current Address, Michael Gore's Contact Info, Social Profiles & More. Rather, the Letter Agreement provides that the parties agree that certain events involving AEGs ownership, partnership, and/or Management Company role in the fund will occur, as consideration for the agreements contained herein and for committing and not defaulting upon the Commitment. As such, the provisions Plaintiffs allege Individual Defendants failed to follow through on were in exchange for both the parties agreements (arguably including Plaintiffs agreement to allow Individual Defendants to use Gores Groups Track Record, contacts, and goodwill) and AEGs committing and not defaulting upon the Commitment, its $10 million investment. Esta web utiliza cookies propias y de terceros para su correcto funcionamiento y para fines analticos. Disclaimer: Reference to these media outlets or TV shows should not be construed to imply an endorsement or sponsorship of Spokeo or its products. Get the latest scoop directly in your inbox. Michael Garland is a Director of Diversis Capital and responsible for identifying, originating, and qualifying new investment opportunities. All Rights Reserved. (Cross-Complaint 7, 37. For the purposes of a demurrer, Cross-Complainants alleged sufficient facts to state a cause of action for breach of contract. Plaintiffs also argue their fraud cause of action is based on additional specific facts distinct from the breach of contract, namely, Individual Defendants representations in May 2020 relating to the pessimistic outlook for the fund to dissuade Plaintiffs from finalizing their investment as well as the walk away deal. 2014). gold label distribution bud man. Michael Kors CENTURY CITY Open Today Until 9:00 PM Lifestyle 10250 Santa Monica Blvd Suite 1950 Los Angeles, CA 90067 (310) 286-0337 Get Directions Michael Kors GLENDALE Closed at 8:00 PM Lifestyle 2114 Glendale Galleria Glendale, CA 91210 (818) 549-0100 Get Directions Laurence Darmiento covers wealth and dealmakers in Southern California for the Los Angeles Times. Michael Gore Overview Michael Gore in 2020 was employed in Los Angeles Unified and had a reported pay of $41,020 according to public records. Feb 28, 2023 4:22 pm PT. That Dave Roberts batting order is plugged into the Lineup Analysis Tool (LAT) using Musings . There are 15 other people named Michael Adkins on AllPeople. (, Plaintiffs failed to allege sufficient facts to constitute the breach of contact cause of action. 2021-12-23, Los Angeles County Superior Courts | Contract | The controversy was discussed last week at a Board of Trustees meeting, an attendee told The Times, during which Gores defended the investment and told trustees about how his Platinum Equity firm was in the midst of reforming Securus. Accordingly, Plaintiffs have not alleged a breach of an obligation that had become due. Check resumes and CV, places of employment, social media profiles, photos and videos, skilled experts, work history, public records, arrest records and business records 8787 Shoreham Dr #403, West Hollywood, CA 90069. ), Cross-Complainants allege in 2018, AEG, at the direction of Gores Groups CEO and founder Alec Gores (Gores), entered the Letter Agreement in which it agreed serve as an anchor investor in a new fund (New Fund) established by Individual Cross-Complainants through their new firm, Gallant. View property details and household demographic information related to income, investments, and interests. 2009) 963 A.2d 746, 770, aff'd (Del. (Letter Agreement 15.). Criminal justice activists have been hounding the 56-year-old private equity titan since his Beverly Hills firm acquired Securus Technologies in 2017. Plaintiffs allege Individual Defendants failed to provide them with information necessary to finalize AEGs investment that is routinely provided to investors including the funds portfolio, other limited partners (investors), and marketing materials. Moreover, the Letter Agreement provides that AEG will commit [$10 million] to the New Fund, without addressing whether such commitment will be subject to further approvals or would have the potential to be restricted by Individual Defendants. tipton, iowa obituaries. An associated email addresses for Michael Gores are michael.go***@aol.com and pandd***@aol.com. You may occasionally receive promotional content from the Los Angeles Times. During a January 2020 in-person meeting, Individual Defendants expressed to Gores they did not want to include him or his entities as investors and/or partners in their new fund. The Judge overseeing this case is MONICA BACHNER. Quieres probar una bsqueda? But why does LACMA have to take the hill with you? The simple answer is: You dont. (Complaint 52.) Los Angeles, California - Los Angeles financier and philanthropist Tom Gores and his wife Holly have made a $5 million commitment to establish a new pediatric allergy treatment center at Children's Hospital Los Angeles (CHLA).In honor of the family's generous gift, the . (Cross-Complaint 28-29. (Complaint 50, fn. Le film commence comme une lgende urbaine. A; Letter Agreement 16. @media(max-width: 499px) { .ad_mobile { display:inline-block; min-width: 300px; width:100%; min-height: 100px; } } Specialties: Michael Campion is a professional actor and experienced magician who knows how to leave your guests astonished, laughing, and thoroughly entertained! Cross-Defendants also argue Gallant has not alleged facts supporting it position as an intended third-party beneficiary of the Letter Agreement so as to support its standing to assert the cause of action. Rather, as discussed above, Defendants assert they have not breached any term of the Letter Agreement. Starting as early as the 1960s and hitting their prime in the '80s, these movies feature gore galore, are often heavy with humor and produced now-iconic villains like Freddy Kruger, Jason . The Letter Agreement and allegations suggest Gallant was to be a donee of AEGs performance [$10 million investment], such that any profits realized as a result of such an investment were given and not consideration bargained for in exchange. However, these allegations are the basis for Plaintiffs breach of contract cause of action, and as such, the fraud cause of action appears duplicative of the breach of contract. He led the majors with 42 doubles in 2021. (Letter Agreement 6. 5 letter words for wordle beginning with s. michael gores los angeles. Mr. Gores was born in 1964 and resides primarily in Beverly Hills with his wife and children. NATIONWIDE Billionaire and Detroit Pistons owner Tom Gores stepped down from the Los Angeles County Museum of Art (LACMA) Board of Trustees last night after just one month of pressure from artists and activists to do so due to his role in the prison industry. Results for Michael have been distilled from over 6 billion consumer records found online and offline. (. 2021-11-15, California Supreme Court | Other | (Complaint 29.) For the purposes of a demurrer, Cross-Complainants alleged sufficient facts to state a cause of action for breach of contract. ), Gores Groups quantum meruit cause of action is based on the following allegations: (1) in support of Defendants new fund, Gores Group provided them with (a) use if its Track Record, (b) the right to solicit investors from current Gores Group investors, (c) cash bonuses and continued vesting of interests in Gores Group funds, and (d) Gores Groups reputation and recommendations (collectively, Support); (2) Gores Group provided this support with the expectation Defendants would pay for as much by permitting Gores Groups affiliate, AEG, to invest in Defendants fund and receive substantial economic interest; (3) Gores Group would not have provided Defendants such Support absent a promise to pay for it and the Letter Agreement does not provide any consideration to Gores Group for allowing Defendants to use its Track Record or any of the other support provided if AEG is not permitted to invest in the fund; and (4) Defendants should have known Gores Group expected to be compensated for its services if it did not become an investor in Defendants fund. [3], In 2005, Paradigm's entered the music industry when it acquired Monterey Peninsula Artists[1] and its roster of clients expanded to include The Black Eyed Peas, Aerosmith, Dave Matthews Band and Toby Keith. The case status is Pending - Other Pending. All Rights Reserved. The implied covenant is a backstop and requires a party in a contractual relationship to refrain from arbitrary or unreasonable conduct which has the effect of preventing the other party to the contract from receiving the fruits of the bargain. (Alliance Data Systems Corp. v. Blackstone Capital Partners V L.P. (Del. Plaintiffs failed to allege sufficient facts to constitute their fraud cause of action. [3] After graduating from Genesee High School, he began studying at the American Academy of Dramatic Arts in New York,[3] and later graduated with the academy's first class in Pasadena in 1976. smorgon family office. michael gores los angeles. Predeceased by his father Karl. March 4, 2023 at 5:17 a.m. ), Section 9 of the Letter Agreement provides, in pertinent part, for a general release as follows: (1) Individual Defendants release the Gores Group from any and all actions arising out of or relating to Individual Defendants employment with the Gores Group or their separation from the Gores Group and the release includes and excludes certain types of claims; and (2) Individual Defendants agree that the consideration set forth in Paragraphs 6 [Compensation and Vesting] and 7 [Restrictive Covenants] constitutes the entire consideration provided under this agreement and Individual Defendants will not seek from Gores Group any further compensation or other consideration for any claimed obligation in connection with the matters encompassed by the Letter Agreement. Check resumes and CV, places of employment, social media profiles, photos and videos, skilled experts, work history, public records, arrest records and business records . On the face of the pleading, Individual Defendants did not have an obligation to give AEG partnership status, profits, and a Management Company role unless and until AEG actually made its capital contribution, since such promises were in exchange for the $10 million initial investment. ), Plaintiffs allege that following the outbreak of the COVID-19 pandemic, Individual Defendants sought to resolve outstanding issues to have AEG invest $5 million of the $10 million right away, and accordingly, provided Plaintiffs with due diligence information and agreed to proceed without insisting on the restructuring preclusion term discussed above, and the parties finalized the underlying investment documents. Plaintiffs allege Individual Defendants also gave Plaintiffs false, pessimistic, and unpromising financial information regarding the fund to dissuade them from investing, such as stating, May 2020, they estimated the fund would be approximately $200 million when it ultimately closed at $378 million. Eventually, Gage brought Gores on staff. (Cross-Complaint 5.) a Los Angeles-based non-profit. However, this argument does not address or resolve the failure to allege a promise by Defendants. The causes of action all arise out of Individual Defendants alleged breach of an agreement entered into between Plaintiffs and Individual Defendants memorialized in a January 30, 2018 letter agreement (Letter Agreement). Case Details Parties Documents Dockets Plaintiffs have failed to allege facts suggesting they are entitled to relief under the Letter Agreement, as discussed above. Cross-Complainants therefore seek a judicial declaration of their rights under the Letter Agreement. -. Michael J Gores Associated Addresses 433 N Camden Dr Ste 600, Beverly Hills, CA 90210 9329 Nightingale Dr, Los Angeles, CA 90069 1145 Sunset Vale Ave, West Hollywood, CA 90069 Michael J Gores Associated Phone Numbers (310) 859-4708 (310) 855-9192 (818) 261-1006 Michael J Gores Associated Email Addresses goresmedia@yahoo.com sdams81@yahoo.com Plaintiffs allege this term had no place in the underlying investment documents and Gores did not agree to impose such a restriction on Gores Group as part of its investment. Image . ), Plaintiffs allege Delaware law applies to the terms and interpretation of the Letter Agreement which specifically states it shall be governed and construed in accordance with the laws of Delaware. Opinion: How has American healthcare gone so wrong? Research. By continuing to use our site, you consent to the placement of cookies on your browser and agree to the terms of our Privacy Policy. However, as to Gallant, there is no adequate remedy at law, and the cause of action is sufficiently alleged. ), Plaintiffs allege Individual Defendants refused to carry out the terms of the Letter Agreement and began insisting on changing the terms, such as, in January 2019, they began insisting Gores Group agree to insert into the investment documents a term precluding Gores Group from restructuring funds in which Individual Defendants had retained some carried interest under the Letter Agreement.
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