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), 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. Michael Adkins - The Gores Group, LLC, Los Angeles If you do not agree with these terms, then do not use our website and/or services. Nationals looking for something to build around in 2023 Last October, the EpiPals nonprofit founder paid $6.4 . smorgon family office. Based on the foregoing, Defendants demurrer to Plaintiffs 2nd cause of action is overruled. (Letter Agreement 1.) (Demurrer, pg. Summary. He led the majors with 42 doubles in 2021. Radaris does not verify orevaluate each piece ofdata, and makes nowarranties orguarantees about any ofthe information offered. (Cross-Complaint, 3, 5, 62.) California Obituaries - Online Obituaries, Funeral Notices and Death 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. ), 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. Nuestro personal est altamente cualificado. Michael Gore, Los Angeles, CA (90024) - Spokeo (Complaint 53. [1], Amid the Coronavirus outbreak, Gores laid off a large portion of Paradigm's staff, drawing criticism from media and employees. (Cross-Complaint 11. (Letter Agreement 15.). 11.) RSI HOLDING LLC, A DELAWARE LLC, ET AL. Associated persons: Ofer Ackerman, Jila Ahdot, Ethan Wyatt Akerman, Ofer Akerman, Ofer I Akerman, Harriet Altman 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). A declaratory relief request may proceed only if there is an actual controversy between the parties. "All of it is felt most keenly by the world's most disadvantaged people," Gore said during the . For the purposes of a demurrer, Cross-Complainants alleged sufficient facts to state a cause of action for breach of contract. In exchange for, and upon satisfaction of, AEGs obligation to commit capital to the New Fund in an amount equal to $10.0 million, Individual Cross-Complainants agreed to offer AEG membership interests in the New Fund and in its general partner; however, AEG failed to fulfill its obligation. [7] Gores now serves on The American Academy of Dramatic Arts Board of Trustees.[8]. Michael Gore | Substitute Teacher | Los Angeles Unified | 2018 There was no resolution of the issue, but in a letter a Platinum spokesman said was emailed Thursday night, Gores wrote to Govan and the trustees that the firm had no idea the investment would become a nexus for addressing the political, social, racial and economic issues roiling America today., The letter said the firm was committed to the reforms but was fighting entrenched opposition from critics on one side who think were moving too far and too fast, and on the other side who think were not moving far enough or fast enough., Paraphrasing a salient question at last weeks board meeting: Okay Tom, we appreciate your efforts to take the hill and reform Securus. The Court notes the complaint summarizes Individual Defendants alleged obligations in exchange for consideration provided by Plaintiffs; however, the Court relies on the terms of the Letter Agreement itself, which control over Plaintiffs characterization of the terms. Get our latest stories in the feed of your favorite networks. 360 North Crescent Drive North Building Beverly Hills, CA 90210 Tel: 310-288-8000 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. 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. 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. 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. Personal Profiles for Lindsay B Gores from Los Angeles, CA and Lindsay Gores from Beverly Hills, CA, and two other persons with the same name, their addresses, phone numbers, emails. A declaratory relief request may proceed only if there is an actual controversy between the parties. Public Records Policy. He joined the paper in 2015 as an assistant business editor and has overseen finance, real estate and Washington business coverage. Six Sigma, Manufacturing, Lean Manufacturing, Cross Functional Team Leadership, Process Engineering, Process Improvement, Quality Assurance, Quality System, Manufacturing Operations, Project All data offered isderived from public sources. Darmiento previously had been the managing editor of the Los Angeles Business Journal and was a reporter for the Los Angeles Daily News and other outlets. Michael Nantz | Battle: Los Angeles Wiki | Fandom 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. The Letter Agreement provides that Individual Cross-Complainants would form Gallant to market and seek to raise the New Fund to pursue investments. All three causes of action in the cross-complaint are asserted by all Cross-Complainants against all Cross-Defendants. The Judge overseeing this case is MONICA BACHNER. (Complaint 84.) 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. WENDI GREEN/ JENNIFER MILLAR . Moreover, as discussed above, Plaintiffs have not sufficiently alleged a promise based on the terms of the Letter Agreement. Criminal justice activists have been hounding the 56-year-old private equity titan since his Beverly Hills firm acquired Securus Technologies in 2017. 21 records for "Michael Gore" in "Los Angeles County". Michael B. Jordan honored by Majors, Coogler at Walk of Fame - Los The poor Democrats trapped in the bloody and broken city of Chicago finally came to their senses. It is our mission to support Los Angeles in the endeavor to become one of the most dynamic global cities of the 21st century. (Complaint 30.) (Cross-Complaint 2. Gores Group failed to allege sufficient facts to constitute an unjust enrichment cause of action against the Individual Defendants since the underlying injury and the parties relationship is controlled by a contract, the Letter Agreement (See Veloric v. J.G. 2003). Plaintiffs failed to allege sufficient facts to constitute their fraud cause of action. Los Angeles . Loving son of Ingrid Gores and dear . Unjust Enrichment (5th COA) By Gores Group against All Defendants, To plead unjust enrichment, a plaintiff must allege (1) an enrichment; (2) an impoverishment; (3) a relation between the enrichment and impoverishment; (4) the absence of justification; and (5) the absence of a remedy provided by law. 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. Cancellation and Refund Policy, Privacy Policy, and This year, San Francisco became the first county in the nation to offer free phone calls when it negotiated a contract with another telecom for a fixed rate per line. You may not use our site or service, or the information provided, to make decisions about employment, admission, consumer credit, insurance, tenant screening or any other purpose that would require FCRA compliance. Cloudflare Ray ID: 7a2d65b4dfce228e Based on the foregoing, Cross-Defendants, Defendants Jon Gimbel, Anthony Guagliano, and Gallant Capital Partners, LLCs demurrer to the complaint is overruled as to the 2, Jon Gimbel (Gimbel), Anthony Guagliano (Guagliano) (the Individual Defendants), and Gallant Capital Partners, On August 31, 2020, Plaintiffs filed their complaint in the instant action alleging causes of action for breach of contract (against Gimbel and Guagliano (collectively, Individual Defendants)), breach of covenant of good faith and fair dealing (against Individual Defendants), fraud false promise (against Individual Defendants), quantum meruit (by Gores Group against, The Letter Agreement provides that, as consideration for the agreements contained herein, 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. (Letter Agreement 1-3; pgs. (Letter Agreement 15. Search address history, phone, age and more. 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. 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. Such firms monitor inmate communications for security and charge a premium for their services, costs typically borne by detainees and their families, a population that is disproportionately poor and nonwhite. Platinum, which specializes in turning around troubled companies, announced earlier this year that it had brought in new management at Securus and released pledged reforms. 2009) 976 A.2d 170. Meet Our Team - The Gores Group - The Gores Group By Michael Reagan |. Michael Gore in Los Angeles, CA | PeekYou To reach an agreement with Cross-Defendants, Cross-Complainants extended the New Funds final close twice and several months before the final close, upon Cross-Defendants request, Cross-Complainants provided an update regarding the New Funds financials and Gallants portfolio companies in May 2020, in response to which Cross-Defendants made unreasonable demands including membership rights for AEG and that Cross-Defendants be granted rights in the New Fund without any investment. FastPeopleSearch results provide address history, property records, and contact information for current and . 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. Alec Gores is the Founder, Chairman and Chief Executive Officer of The Gores Group, a global investment firm focused on acquiring controlling interests in mature and growing businesses which can benefit from the firm's operating experience and flexible capital base. 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. LOS ANGELES (Hollywood Reporter) - Al Gore, the world's pre-eminent environmentalist, has embarked on his toughest recycling challenge: his own cable channel. 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. 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. Check resumes and CV, places of employment, social media profiles, photos and videos, skilled experts, work history, public records, arrest records and business records . First, the cause of action is based on promises Individual Defendants allegedly made in the Letter Agreement with respect to promising Plaintiffs that AEG would be included as an investor in the Gallant New Fund. Case Number: *******3078 Hearing Date: April 20, 2021 Dept: 71. But Gores has apparently grown tired of the Palisades that particular house was recently back on the market, asking nearly $7.5 million. The contact address for David Michael Gores is 2959 Gambrel Gate, La Verne, California, 91750. . The well-maintained, if slightly dated bathroom is finished in a greenish granite paired with white cabinetry. Cross-Complainants allege AEGs failure to provide the $10 million anchor investment obstructed Cross-Complainants from realizing the benefits of such an investment including attracting prospective investors in future rounds, not spending time and resources in securing investments from others, and likely resulting in Gores Group investors investing in the New Fund. Michael GORES Obituary (2022) - Durham Region, ON - Durham Region News ), Plaintiffs allege in 2017, Individual Defendants, who were at the time Managing Directors at Gores Group, informed Alec Gores (Gores) they were considering leaving Gores Group to start their own investment fund, Gallant. You can take advantage of the name search feature at Radaris to find some with the first name. (Cross-Complaint 26.) 7.) The presence or absence of records for any individual is not a guarantee of any kind. Out back, a big brick patio has plenty of space for sunny entertaining, provided folks dont mind the sound of crashing waves overwhelming conversations. 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, 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. Media. (Cross-Complaint 65-66.) A wooden staircase spills out to the beach below. [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. Catherina Gores is only 24 years old, but she's already an experienced real estate investor. Ch. (Complaint 65-67.) Breach of the Covenant of Good Faith and Fair Dealing (2nd COA), To plead a breach of an implied covenant of good faith and fair dealing, Plaintiffs must allege a (1) specific implied contractual obligation; (2) a breach of that obligation; and (3) resultant damage to Plaintiffs. El asesor que se le asignar tendr una comunicacin directa desde el principio hasta el final de su gestin y entrega. 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. Michael Gores's address is 18510 Harrow Ave N, Columbus, MN 55025. Hotel Bel-Air. #1196 Alec Gores on the 2022 Billionaires - Gores has sponsored more than a dozen SPACs since 2015 as an early adopter of the blank-check frenzy that exploded . Alec Gores - Wikipedia Cross-Complainant allege Gores extracted broad releases and restrictive covenants from Individual Cross-Complainants upon their departure from Gores Group by agreeing to pay out Individual Cross-Complainants cash bonuses and by granting them a one-year retention of rights to any carried-interest distributions in funds managed by Gores Group; however, the restrictions had carveouts that allowed Individual Cross-Complainants to reference their investment track record at Gores Group and to solicit Gores Group investors.

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