06 Apr Steel Network Partner Claims Company, BofA Bilked Him in Sale Accord – TBJ
The Triangle Business Journal reports on a case involving a dispute between The Steel Network, Inc. and a former partner.
But that is proving difficult to do, and now, Torres not only is asking that the company and its majority owner, Edward diGirolamo, buy his 3,175,000 shares, but that they also pay him thousands of dollars to make up for alleged damages and attorney fees, among other things….
“He had been one of the founders of the company, had worked with them a number of years and negotiated a buyout of shares,” says James White, Torres’ attorney. “And the company walked away.”