Storing Up Trouble: Court Finds Storage Company Co-Owner Breached Fiduciary Duty

Storage Units

We’ve learned of yet another woeful tale of business divorce involving a closely-held corporation.  The story starts back in 1997, when Peter Trowt (“Trowt”) and Richard Silva (“Silva”) incorporated a company called Beverly Storage Warehouse & Trailer Leasing, Inc. (“Beverly Storage”).  Beverly Storage made money by renting out storage rooms at its warehouse in Beverly, MA and by renting out trailers.  Both Trowt and Silva were fifty percent owners of Beverly Storage and, from the outset, agreed to split all business profits and losses equally.  They also agreed that Silva would handle the financial aspects of the business, while Trowt … Continue reading

More Problems Arise for Upper Crust

Upper Crust Pizza

It’s no secret that locally based pizza chain Upper Crust has recently been under scrutiny over its labor practices; illegally employing undocumented workers from Brazil, underpaying them for long workweeks and rescinding overtime pay ordered by the U.S. Department of Labor for weekend work.  Five former employees have a suit pending against the company for these practices.  In fact, the court recently certified the class in that lawsuit. As it turns out though, Upper Crust’s problems don’t end there. In dueling pleadings filed in Suffolk Superior Court, the co-owners of Upper Crust are now suing each other alleging misuse of … Continue reading