TITLE

Broker must pay damages to seller of 2 dealerships

AUTHOR(S)
Freedman, Eric
PUB. DATE
September 1999
SOURCE
Automotive News;9/27/1999, Vol. 74 Issue 5839, p26
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
Reports that a Denver District Court jury has ordered business broker John Pico and his company, Aspen Brokerage Co., to pay $10.5 million in damages to Mel Nelson in a case that stemmed from the sale of two financially troubled dealerships in Denver, Colorado. Breach of fiduciary duties; Comments by Pico; Details of the sale.
ACCESSION #
2340032

 

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