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Home Verdicts Business Disputes/Contracts (SB) COMPANY FINANCING RECOVERY (July 2010)
COMPANY FINANCING RECOVERY (July 2010)

#1302486, William Dorfman v. Troy Hoidal, filed 8/28/08

Plaintiff's/Cross-Defendant's Attorney: Jeffrey P. Alpert & Steven Sandler

Verdict: $262,500.00 plus interest                           Dept 3

Plaintiff sued on breach of contract and open book account after personally guarantying a debt of approximately $525,000 to fund a company selling a small trash compactor product for recycling, known as the Ecopod. Plaintiff was to be reimbursed in specified installments 50%.  Plaintiff claimed Defendant defaulted on his obligation to reimburse.  Defendant cross-complained for equitable indemnity claiming Plaintiff improperly seized assets, misrepresented and concealed facts regarding the loan, engaged in self-dealing and mismanaged the corporation.  Court decision after jury trial denied cross-complaint relief.

 

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