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As a preliminary matter, Cross-Defendants assert the demurrer should be sustained as to all causes of action brought by Gallant because it has failed to allege facts suggesting it was an intended third-party beneficiary of the Letter Agreement. Calvary Mortuary 4201 Whittier Blvd., Los Angeles (323) 261-3106 Los Osos Valley Funerals & Cremations 2260 Los Osos Valley Road, Los Osos (805) 528-1500 Mission Hills . [11][12][13][14][15] Gores former executive assistant, referenced in the lawsuit, called the misconduct claims blatant lies.[16] In April 2020, Gores filed a counter lawsuit, denying all allegations of impropriety and characterized the accusations as self-aggrandizing and delusional. The case is headed to arbitration. The Gores Group has announced or closed nine SPAC deals since 2015, totaling $58 billion in transaction value. Fraud False Promise (3rd COA) Individual Defendants, To state a fraud claim, Plaintiffs must allege (1) a false representation; (2) knowledge or belief that the representation was false, or reckless indifference to the truth; (3) an intent to induce Plaintiffs to act or refrain from acting; (4) that Plaintiffs acted or failed to act in justifiable reliance upon the representation, and (5) damages. For the purposes of a demurrer, Cross-Complainants alleged sufficient facts to state a cause of action for declaratory relief. UniCourt uses cookies to improve your online experience, for more information please see our Privacy Policy. Results for this person or the person you are looking for are not guaranteed to appear in search results. The poor Democrats trapped in the bloody and broken city of Chicago finally came to their senses. Media. 2.550(A)(3), 6/22/2022: Minute Order - MINUTE ORDER (JOINT EX PARTE APPLICATION OF PLAINTIFFS/CROSS-DEFENDANTS, TH), 3/10/2022: Minute Order - MINUTE ORDER (JOINT EX PARTE APPLICATION OF PLAINTIFFS/CROSS-DEFENDANTS, TH), 3/23/2022: Minute Order - MINUTE ORDER (NUNC PRO TUNC ORDER), 3/23/2022: Certificate of Mailing for - CERTIFICATE OF MAILING FOR (NUNC PRO TUNC ORDER) OF 03/23/2022, 11/19/2021: Opposition - OPPOSITION CROSS-COMPLAINANTS' OPPOSITION TO CROSS-DEFENDANTS' DEMURRER, 11/29/2021: Reply - REPLY IN SUPPORT OF DEMURRER, 12/6/2021: Minute Order - MINUTE ORDER (DEMURRER OF CROSS-DEFENDANTS, THE GORES GROUP, LLC AND AEG HO), 1/4/2022: Stipulation and Order - STIPULATION AND ORDER STIPULATION REGARDING POST-MEDIATION STATUS CONFERENCE; PROPOSED ORDER, 1/4/2022: Minute Order - MINUTE ORDER (COURT ORDER), 1/4/2022: Certificate of Mailing for - CERTIFICATE OF MAILING FOR (COURT ORDER) OF 01/04/2022, 1/27/2022: Minute Order - MINUTE ORDER (POST-MEDIATION STATUS CONFERENCE), Hearing04/17/2023 at 10:00 AM in Department 71 at 111 North Hill Street, Los Angeles, CA 90012; Jury Trial, Hearing03/30/2023 at 10:00 AM in Department 71 at 111 North Hill Street, Los Angeles, CA 90012; Final Status Conference, Hearing12/15/2022 at 08:30 AM in Department 71 at 111 North Hill Street, Los Angeles, CA 90012; Post-Mediation Status Conference, Docketat 10:00 AM in Department 71; Jury Trial - Not Held - Advanced and Continued - by Court, Docketat 10:00 AM in Department 71; Final Status Conference - Not Held - Advanced and Continued - by Court, Docketat 08:30 AM in Department 71; Post-Mediation Status Conference - Not Held - Advanced and Continued - by Court, Docketat 08:30 AM in Department 71, Monica Bachner, Presiding; Hearing on Ex Parte Application ( to Continue Summary Judgment and Trial Dates) - Held - Motion Granted, DocketMinute Order ( (Joint Ex Parte Application of Plaintiffs/Cross-Defendants, Th)); Filed by Clerk, Docketat 11:00 AM in Department 71, Monica Bachner, Presiding; Informal Discovery Conference (IDC) - Held, DocketJoint Ex Parte Application to Continue Summary Judgment and Trial Dates; Filed by Jon Gimbel (Defendant); Anthony Guagliano (Defendant); Gallant Capital Partners, LLC (Defendant), DocketStipulation - No Order (to Extend Time to Respond to Complaint); Filed by Jon Gimbel (Defendant); Anthony Guagliano (Defendant); Gallant Capital Partners, LLC (Defendant), DocketNotice (of Case Management Conference); Filed by The Gores Group, LLC (Plaintiff); AEG Holdings, LLC (Plaintiff), DocketProof of Personal Service; Filed by The Gores Group, LLC (Plaintiff); AEG Holdings, LLC (Plaintiff), DocketNotice of Case Management Conference; Filed by Clerk, DocketCivil Case Cover Sheet; Filed by The Gores Group, LLC (Plaintiff); AEG Holdings, LLC (Plaintiff), DocketComplaint; Filed by The Gores Group, LLC (Plaintiff); AEG Holdings, LLC (Plaintiff), DocketSummons (on Complaint); Filed by The Gores Group, LLC (Plaintiff); AEG Holdings, LLC (Plaintiff), DocketNotice of Case Assignment - Unlimited Civil Case; Filed by Clerk, Case Number: *******3078 Hearing Date: December 6, 2021 Dept: 71. Feb 28, 2023 4:22 pm PT. [3] His older brother, Alec Gores, and his younger brother, Tom Gores, both founders of private equity firms, have been included on the Forbes list as among the wealthiest people in the world. Plaintiffs allege these documents were never signed because in May 2020, perhaps after realizing the fund could survive the pandemic without AEGs investment, Individual Defendants started incorrectly claiming Plaintiffs were not entitled to enforce the Letter Agreement because AEG was not part of the funds first close and was, therefore, in breach of the Letter Agreement. Quantum Meruit (4th COA) By Gores Group against All Defendants, 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. 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. Copyright 2023 PeekYou.com. Full Name, Age, Job and Education Records, View Social Media Profiles & Photos in One Place, Estimated values of property, vehicles, aircraft and watercraft, People sometimes make mistakes in spelling last names. Public records for Michael Gores range in age from 30 years old to 73 years old. Bianca Tylek, founder of New York-based criminal justice group Worth Rises, who co-signed the letter to LACMA, said that Gores saw the writing on the wall and stepped down before he could be forced out. Real estate agents in California can only work on behalf of a licensed real estate broker or real estate company. Not much is known about Nantz's early life or the beginning of his career, but he was a very skilled US Marine. 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. Forbes says her dad the founder of leveraged buyout giant Platinum Equity and owner of the NBAs Detroit Pistons is worth some $5.9 billion, while the Bloomberg Billionaires Index pegs his net worth at an even higher $7.2 billion. Real estate agents, real estate brokers and realty companies are required to be licensed for conducting real estate transactions in the United States. (Southern Track & Pump, Inc. v. Terex Corp., 623 F. Supp. (Letter Agreement 5(b), (c), (d). (Complaint 70-74.). (Complaint 2, 16, Exh. Michael Gores, and four other persons spent some time in this place. Search Details, Michael Gore's Contact Info, Social Profiles & More On August 31, 2020, Cross-Defendants filed their initial complaint in the instant action alleging causes of action for (1) breach of contract (against Individual Defendants), (2) breach of covenant of good faith and fair dealing (against Individual Defendants), (3) fraud false promise (against Individual Defendants), (4) quantum meruit (by Gores Group against all Cross-Complainants), (5) unjust enrichment (by Gores Group against all Cross-Complainants), and (6) declaratory relief (against Individual Defendants). (Complaint 50, fn. 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. 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. Plaintiffs also argue their fraud cause of action is based on additional specific facts distinct from the breach of contract, namely, Individual Defendants representations in May 2020 relating to the pessimistic outlook for the fund to dissuade Plaintiffs from finalizing their investment as well as the walk away deal. Michael Nantz was a United States Marine Staff Sergeant for 20 years. On May 18, 2021, Gores Parties filed their first amended complaint (FAC) alleging causes of action for (1) breach of the implied covenant of good faith and fair dealing (against Individual Defendants), (2) quantum meruit (by Gores Group against Gallant), and unjust enrichment (by Gores Group against Gallant). The most quintessentially private and exclusive . WENDI GREEN/ JENNIFER MILLAR . (Cross-Complaint, 3, 5, 62.) ), 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 all Defendants), unjust enrichment (by Gores Group against all Defendants), and declaratory relief (against Individual Defendants). Co. v. WMI Liquidating Tr., 93 A.3d 1208, 121617 (Del. MHER HAGOPIAN, AN INDIVIDUAL VS SAMER JAYYLUSI, AN INDIVIDUAL, ET AL. The Gores facade comprises three variations, randomly arranged. Plaintiffs fail to allege Individual Defendants breached an obligation that was imposed by the Letter Agreement. 2009).) Spokeo's database, while extensive, does not contain all U.S. warrant, arrest, court, or other related records. Plaintiffs failed to allege sufficient facts to constitute the breach of contact cause of action. In their primary election for mayor on Tuesday . NBA team owner Tom Gores stepped down from the board of the Los Angeles County Museum of Art on Thursday night after calls for the billionaire's ouster over his investment firm's ownership of a prison telephone company. Click to reveal The parties also agreed Gallant would not, without Gores Groups prior review and approval, employ any persons employed by AEG during the two-year period following the execution of the Letter Agreement. (Complaint 29.) With his captivating performances and jaw-dropping . Gores was born in Nazareth, Israel in 1954 and raised by his parents alongside his two brothers and three sisters. 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. (Demurrer, pgs. [17], Gores is a member of the Academy of Motion Picture Arts and Sciences, the Academy of Television Arts and Sciences and the Recording Academy. Ch. Ch. Plaintiffs allege they continued to reach out to Individual Defendants on closing AEGs commitment to the fund, and in July 2020, Gimbel informed Plaintiffs that the fundraising period had officially closed. ), Cross-Complainants allege Individual Cross-Complainants tried to get AEG to fulfill its obligation under the agreement by providing drafts of the limited partnership agreement and investment documents for Cross-Defendants review and signature in September 2018, weeks prior to the close of the first fundraising round, and after Cross-Defendants failed to meaningfully respond (only that they were reviewing the documents), the New Funds first close occurred on October 15, 2018 without AEGs anchor investment. His CD of Rodgers and Hammerstein's The King and I starring Julie Andrews and Ben Kingsley received critical acclaim, was Number One on Billboard's Classical Crossover Album chart for 17 weeks, and remained in the Top Ten for almost a year. Last month, two groups sent a letter to the museums leadership accusing Gores of the deliberate exploitation of Black, Brown, and economically distressed communities.. On April 20, 2021, the Court overruled Cross-Complainants demurrer as to the 2nd cause of action, overruled Gallants demurrer to the 4th and 5th causes of action, sustained Individual Defendants demurrer to the 4th and 5th causes of action without leave, and sustained Cross-Complainants demurrer to the 1st, 3rd, and 6th causes of action with leave to amend. On July 27, 2020, Gallant published a press release indicating its fund had closed and had raised $378 million. Based on the foregoing, Defendants demurrer to Plaintiffs 2nd cause of action is overruled. (Complaint 40-41.) ), Section 7 of the Letter Agreement provides that Individual Defendants are permitted to disclose the Track Record and solicit investors in any funds managed or sponsored by Gores Group and its affiliates in connection with fund raising activities or otherwise provided that Individual Defendants agree any marketing materials referencing the Track Record or Gores Group must be reviewed and approved by Gores Group prior to dissemination and that Individual Defendants will coordinate with Gores Group regarding their solicitation of New Fund Commitments from investors in any funds managed or sponsored by Gores Group. Specifically, Plaintiffs allegations that, in exchange for consideration provided by Plaintiffs, the Letter Agreement obligated Individual Defendants to, among other things, ensure that certain terms would occur, misquotes the Letter Agreement, which does not assign Individual Defendants with the obligation of ensuring said terms in exchange for consideration. [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. (Cross-Complaint 11.