QUESTION
Minority LLc Partner started competing llc and stealing client billing info without letting client know and current llc paying bill
Asked on Sep 19th, 2017 on Business Litigation - California
More details to this question:
have a business partner for a California llc that has started a competing llc and stealing customers billing info . They are not telling customers they will be billed buy a new company and the current company is still running clients account without compensation, the compensation/payment information has been moved to partners new llc. The llc partner is one of the 3 partners and combined he owns a minority stake.
1 ANSWER
3 Awards
What you have described is very serious, and you need to contact legal counsel for the LLC immediately. At the very least, I see claims for breach of fiduciary duties, breach of the operating agreement, unfair business practices, possible misappropriation of trade secrets and Lanham Act violations, conversion, and unjust enrichment, among others. Every day only increases the scope of damages to the LLC. Please do not wait.
Answered on Sep 20th, 2017 at 10:27 AM
This answer does not mean I am your lawyer. No attorney-client relationship exists. This response is for general information only.