Commercial real estate investment company CA Ventures LLC and its founder were sued in Delaware by a longtime employee and minority owner who says he was fired without even a pretext so that his equity could be arbitrarily seized.
In addition to CA Ventures and CEO Thomas C. Scott, the Chancery Court lawsuit targets a web of subsidiaries and affiliates formed as the business expanded in the years since Scott launched it to buy up off-campus student housing near large universities.
It accuses Scott of “concocting a false basis to force out” his longest-serving employee and shareholder, John J. Smith ...
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