Real Estate Company Wants $20 Million From Executives’ Entities

Ivy Partners LLC, a real estate management company, is seeking $20 million in damages in the Delaware Chancery Court from a bundle of companies it says were affiliated with two former executives who it alleges launched competing businesses while still working for Ivy.

Ivy says David Archibald and Drew DeWitt, executives in charge of their four-person investment team, damaged the company by building out similar real-estate investment companies that targeted properties Ivy would have invested in. Archibald and DeWitt are not named defendants, but most of the businesses named as defendants were set up by them, according to the complaint ...