BACKGROUND ON THE DEAL - It seems, and I am foggy on the dates, but the MAJOR JA found a loop hole in their contract. At the time they entered into the contract they formed a partnership. The partnership was actually illegal; in the sense of they should never have executed this partnership. In order to own this mortgage practice business they way they set it up you HAD to be an attorney. This might have something to do with accepting commissions. This was MAJOR Jerk's basis for the firing of the partner.Back to $31M. MAJOR Jerk wants to fight this. His counsel contacted my husband's law firm for the appeal.
My husband's law firm specializes in boutique litigation - lots of contract negotiations, partnership break-ups, business splits. They are total go getters, sharks. I often feel bad for the opposition, they have no clue what they are up against!
