), Section 6 of the Letter Agreement addresses 2017 Compensation and Vesting and provides as follows: (1) Gimbel will receive from Gores Group a $600,000 cash bonus payment, 50% of which shall be paid in Gores Groups next pay cycle following execution of the agreement and the remaining 50% shall be paid on December 31, 2018, subject to Paragraph 6(c); (2) Guagliano will receive from Gores Group a $300,000 cash bonus payment to be paid in the next pay cycle following execution of the agreement and an additional $300,000 payment upon the closing of the sale of Imagines PNO business to Belden pursuant to a definitive agreement executed on or before March 31, 2018 and subject to Paragraph 6(c); and (3) if either of the Individual Defendants breach provisions of Paragraphs 7(a) [materially], 7(b), or 8, or is otherwise not responsive to the reasonable requests of Gores Group with respect to the transition period, Gores Group shall be entitled to all remedies available to it including but not limited to revocation of accelerated vesting, claw backs of previous cash bonus payments, and/or termination of obligation to pay remaining cash bonuses. 2009) 976 A.2d 170. Discover work experience, company details, and more. Lot Size 7,074 square feet. View contact information: phones, addresses, emails and networks. 2. A New York native, he is an alumnus of Cornell University. In their primary election for mayor on Tuesday . Based on the foregoing, Defendants demurrer to Plaintiffs 4th cause of action is sustained without leave to amend as to the Individual Defendants and overruled as to Gallant. For the purposes of a demurrer, Cross-Complainants alleged sufficient facts to support the cause of action. In addition, Plaintiffs allegations are sufficient to suggest Individual Defendants conduct in delaying and failing to follow through with steps necessary for AEG to finalize its Commitment, frustrated the Letter Agreements overarching purpose. The state with the most residents by this name is Minnesota, followed by California and Colorado. Los Angeles. (Complaint 51.) The cause of action is not only based on AEGs alleged failure to commit the $10 million investment, but also on Cross-Defendants obstruction of Individual Cross-Complainants efforts to effectuate AEGs investment. (Complaint 2, 16, Exh. We identified 150 records related to "Michael Gore" in the state of California. In opposition, Plaintiffs argue the fraud claims allege particularized facts separate and distinct from the breach of contract allegations to infer Defendants had no intentions of performing the promise at the time it was made. As for whether damages were sufficiently alleged, while Cross-Complainants allege they were ultimately successful in reaching their target goal of funding, this does not preclude them from alleging damages based on their expectation that AEG would provide the $10 million anchor investment. 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. 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. Michael C Gore in Los Angeles, CA We found 100+ records for Michael C Gore in Los Angeles, CA. Cross-Complainants allege Cross-Defendants did not honor their obligation to cooperate and provide an anchor investment. Ch. 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. However, for the purposes of a demurrer, the reasonable best efforts clause does not cover the Individual Defendants alleged misconduct, which instead Plaintiffs assert sought to intentionally disrupt AEG committing its Commitment investment in the New Fund. 7-8.) The New Funds second close was to occur in May 2019; however, after Gores agreed on May 19, 2019 that AEG would invest, Cross-Defendants failed to finalize the necessary documents, and the second close occurred on May 28, 2019 without an AEG investment. Michael Gores's email address is michael.go***@aol.com. 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. (Complaint 42.) 2006) [implied covenant analysis will only be applied when the contract is truly silent with respect to the matter at hand, and only when the court finds that the expectations of the parties were so fundamental that it is clear that they did not feel a need to negotiate about them].). The parties also agreed Gallant would not, without Gores Groups prior review and approval, employ any persons employed by AEG during the two-year period following the execution of the Letter Agreement. Media. As such, it is also not clear that Plaintiffs have alleged a misrepresentation, given the Letter Agreement does not include a promise by Individual Defendants to Plaintiffs to ensure AEG make its Commitment to the fund and thereafter be entitled to certain benefits associated therewith. (Letter Agreement 5(b), (c), (d). Based on the foregoing, Cross-Defendants demurrer to the 2nd cause of action is overruled. ), The Letter Agreement provides that, as consideration for the agreements contained herein and for committing and not defaulting upon the Commitment, the following will occur: (1) AEG will become a member of the general partner of the New Fund with a member interest entitling it to 20% of all the New Funds carried interest with the remaining 80% being allocated to the Team, where the agreement governing the New Funds general partner shall be drafted by the New Funds counsel and reasonably acceptable to AEG; (2) AEG will become a member of the general partner for the first and second Gallant successor funds to the New Fund, with a member interest entitling it to receive 10% of all carried interest distributions with respect to the first Gallant successor fund and 5% of all carried interest distributions with respect to the second Gallant successor fund, with remaining distributions allocated to the Team; and (3) AEG will become a 20% member of the management company for the New Fund and all subsequent Gallant funds (Management Company), with an ownership interest entitling AEG to amounts, where the agreement governing the Management Company shall be drafted by the New Funds counsel and reasonably acceptable to AEG. (Himawan v. Cephalon, Inc., 2018 WL 6822708, at *8 (Del. 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. (Cross-Complaint 59-61.) After the final funding round closed, Cross-Defendants again asked to be allowed to invest in the New Fund and obtain the membership rights described in the Letter Agreement; however, it was too late, and AEG never invested. 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-Complaint 10, 55.) Lindsay owns the following phone numbers: (818) 762-4460 (Pacific Bell), (818) 442-7015. [4][5] In 1968, when Gores was 14,[6] his parents sold their home and possessions to purchase plane tickets to immigrate to the United States. ), 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. Real estate agents in California can only work on behalf of a licensed real estate broker or real estate company. 26 people named Jeffrey Gore found in Los Angeles-Riverside-Orange County, San Francisco-Oakland-San Jose and 6 other cities. 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. 2009).) 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). (Cross-Complaint, 3, 5, 62.) Moreover, as discussed above, Plaintiffs have not sufficiently alleged a promise based on the terms of the Letter Agreement. Sam Gores (born 1954) is the chairman of Paradigm Talent Agency in Beverly Hills, California and has been ranked among the top agents in Hollywood. 3.) Michael Gores, and four other persons spent some time in this place. C. del Doce de Octubre, 24, local 7, 28009 Madrid, Apostillado documentos del Registro Civil, Apostillado documentos para trabajar en el Extranjero, Apostillado de Documentos emitidos en Registro Civil, Apostilla de documentos para trabajar en el Extranjero. ), Cross-Defendants argue Cross-Complainants failed to allege facts suggesting they suffered any damages as a result of Cross-Defendants alleged breach of the Letter Agreement. ), Section 15 of the Letter Agreement [Further Assurances] provides that each party agrees to use its reasonable best efforts to cooperate with each other party 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 agreement. Cross-Defendants The Gores Group, LLC (Gores Group) and AEG Holdings, LLC (AEG) (collectively, Cross-Defendants) demur to the 1st (breach of contract), 2nd (breach of the covenant of good faith and fair dealing), and 3rd (declaratory relief) causes of action in the cross-complaint of Cross-Complainants Jon Gimbel (Gimbel), Anthony Guagliano (Guagliano) (the Individual Defendants), and Gallant Capital Partners, LLC (Gallant) (collectively, Cross-Complainants). (Cross-Complaint 70.). Associated persons: Ofer Ackerman, Jila Ahdot, Ethan Wyatt Akerman, Ofer Akerman, Ofer I Akerman, Harriet Altman (Southern Track & Pump, Inc. v. Terex Corp., 623 F. Supp. (Cross-Complaint 3, 23-25.) 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. Last year, they were successful in lobbying New York to become the first major city to offer free phone calls in jails after the corrections system negotiated a contract with Securus that got the citys costs down to 3 cents a minute. 3.01.00vd4930, Presumed owner of the real estate located at, Also known as: Michael Gore, Michael Gore Gore, Michael P Gore. Not much is known about Nantz's early life or the beginning of his career, but he was a very skilled US Marine. In 1986, SGA acquired The Jack Fields Agency and changed its name to Gores/Fields.
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