Fox Rothschild and Harris Beach PLLC filed a breach-of-contract lawsuit Tuesday in Pennsylvania Western District Court on behalf of the Estate of Douglas W. Anderson and other plaintiffs. The suit pursues claims against construction equipment provider AEC Holding Company Inc. for failing to provide accurate material information to shareholders in accordance with an executed shareholder agreement. The suit further contends that valuations conducted on behalf of AEC for The Estates 25.56% ownership interest were grossly inadequate as AEC paid the estate $3,528,236 for its shares when the fair market value was $13,522,812. Counsel have not yet appeared for the defendant. The case is 2:22-cv-00182, Anderson et al.
Construction & Engineering
February 03, 2022, 7:58 AM