NAME PHONE . The 2023 series on team offense begins with the Los Angeles Dodgers. (Letter Agreement, 15. Cross-Complainants allege in 2018, AEG, at the direction of Gores Groups CEO and founder Alec Gores (Gores), entered the Letter Agreement in which it agreed serve as an anchor investor in a new fund (New Fund) established by Individual Cross-Complainants through their new firm, Gallant. The Letter agreement contains additional terms relating to the Management Companys income, operating costs, and budget. Cross-Complainant allege Gores extracted broad releases and restrictive covenants from Individual Cross-Complainants upon their departure from Gores Group by agreeing to pay out Individual Cross-Complainants cash bonuses and by granting them a one-year retention of rights to any carried-interest distributions in funds managed by Gores Group; however, the restrictions had carveouts that allowed Individual Cross-Complainants to reference their investment track record at Gores Group and to solicit Gores Group investors. Al hacer clic en el botn Aceptar, acepta el uso de estas tecnologas y el procesamiento de tus datos para estos propsitos. 2d 558, 562 (D. Del. A wooden staircase spills out to the beach below. For a party to qualify as a third-party beneficiary, (i) the contracting parties must have intended that the third party beneficiary benefit from the contract, (ii) the benefit must have been intended as a gift or in satisfaction of a preexisting obligation to that person, and (iii) the intent to benefit the third party must be a material part of the parties purpose in entering into the contract. (. (, Plaintiffs failed to allege sufficient facts to constitute their fraud cause of action. Get accurate info on 9329 Nightingale Dr Los Angeles Ca 90069 or any other address 100% free. (Opposition, pg. Cross-Complainants allege Delaware law applies to the terms and interpretation of the Letter Agreement which specifically states it shall be governed and construed in accordance with the laws of Delaware. Defendants demur on the grounds that Plaintiffs fail to allege facts sufficient to constitute the causes of action. 3.01.00vd4930, Presumed owner of the real estate located at, Also known as: Michael Gore, Michael Gore Gore, Michael P Gore. Los Angeles . Search Employees; . 21 records for "Michael Gore" in "Los Angeles County". Plaintiffs allege they were entitled to information about other limited partners and, To state a breach of contract claim, Plaintiffs must demonstrate (1) the existence of the contract; (2) the breach of an obligation imposed by that contract; (3) and resultant damage to the plaintiff. Plaintiffs allege Gores agreed Individual Defendants would receive parting discretionary bonuses to bolster their financial security in their new venture. (Cross-Complaint 3, 23-25.) ), Section 15 of the Letter Agreement [Further Assurances] provides that each party agrees to use its reasonable best efforts to cooperate with each other party 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 agreement. David Michael Gores (License No. The controversy was discussed last week at a Board of Trustees meeting, an attendee told The Times, during which Gores defended the investment and told trustees about how his Platinum Equity firm was in the midst of reforming Securus. Given Plaintiffs failure to sufficiently allege the underlying causes of action, Plaintiffs cause of action for declaratory relief also fails. (Complaint 38-39. Michael Gores's email address is michael.go***@aol.com. Michael Gore in Los Angeles, CA Michael Gore may also have lived outside of Los Angeles, such as Beverly Hills, Northridge and 2 other cities in California. When not serving in his role as Chairman and CEO of Platinum Equity, Mr. Gores is on either a soccer field or a basketball court coaching youth teams, applying the same principles of hard work and inspiration that he does to his business. We hope it sends him the clearest sign yet that people are done with the excuses. (Complaint 40-41.) 2014). Moreover, Plaintiffs have not sufficiently alleged fraud with requisite factual specificity. ), Plaintiffs allege in response to their November 2019 letter seeking to finalize the funding commitment, Individual Defendants claimed AEG breached the Letter Agreement because it was not an investor in the funds initial closing, and therefore, Individual Defendants claimed they were excused from honoring their obligations under the Letter Agreement. Dirt is a part of Penske Media Corporation. (See Hiller & Arban, 2016 WL 3678544 at *3 [[Q]uantum meruit is unavailable in cases where it is clear from the complaint that the parties relationship is controlled by contract.].) Baskin-Robbins adds a hint of waffle, and voila, Federal Reserve officials sound warnings about higher rates, White House cyber plan would hold software companies liable for attacks, Silvergate warns of more losses, viability of its business after crypto crisis, Justice Dept. None ofthe information offered byRadaris istobeconsidered for purposes ofdetermining any entity orpersons eligibility for credit, insurance, employment, housing, orfor any other purposes covered under the FCRA. Cross-Defendants The Gores Group, LLC (Gores Group) and AEG Holdings, LLC (AEG) (collectively, Cross-Defendants) demur to the 1st (breach of contract), 2nd (breach of the covenant of good faith and fair dealing), and 3rd (declaratory relief) causes of action in the cross-complaint of Cross-Complainants Jon Gimbel (Gimbel), Anthony Guagliano (Guagliano) (the Individual Defendants), and Gallant Capital Partners, LLC (Gallant) (collectively, Cross-Complainants). As the eldest of Tom Gores three children, Catherina hails from one of L.A.s richest families. This year, San Francisco became the first county in the nation to offer free phone calls when it negotiated a contract with another telecom for a fixed rate per line. 2023 Dirt.com, LLC. Real estate agents in California can only work on behalf of a licensed real estate broker or real estate company. a Los Angeles-based non-profit. As such, Plaintiffs have sufficiently alleged a cause of action for breach of the covenant of good faith and fair dealing. Michael Gores has been working as a Agent at Paradigm Talent Agency for 9 years. (Complaint 36.) ), Plaintiffs allege that entering the Letter Agreement, they sought to finalize documents necessary for implementing the $10 million investment in Gallant and in October 2018, Individual Defendants provided AEG drafts of the underlying agreements which were form agreements not tailored to the specific terms set forth in the Letter Agreement. Based on the foregoing, Defendants demurrer to Plaintiffs 4th cause of action is sustained without leave to amend as to the Individual Defendants and overruled as to Gallant. Cross-Complainants assert that an early investment would have produced early returns which they lost out on, Cross-Complainants were also forced to expend resources finding a substitute investment to replace the funds expected from AEG, and Cross-Complainants were unable to attract other investments based on a $10 million AEG investment. ), 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. Gores Group alleges a relationship exists between Defendants enrichment and Gores Groups impoverishment, there is no justification to Gores Groups unjust enrichment, and to the extent Defendants are not required to allow AEG to fund under the Letter Agreement, Plaintiffs have no adequate remedy at law because the Letter Agreement does not address payment for benefits conferred upon Defendants in such a situation. ), Section 9 of the Letter Agreement provides, in pertinent part, for a general release as follows: (1) Individual Defendants release the Gores Group from any and all actions arising out of or relating to Individual Defendants employment with the Gores Group or their separation from the Gores Group and the release includes and excludes certain types of claims; and (2) Individual Defendants agree that the consideration set forth in Paragraphs 6 [Compensation and Vesting] and 7 [Restrictive Covenants] constitutes the entire consideration provided under this agreement and Individual Defendants will not seek from Gores Group any further compensation or other consideration for any claimed obligation in connection with the matters encompassed by the Letter Agreement. ), Cross-Complainants declaratory relief cause of action is based on allegations a controversy exists between Cross-Complainants and Cross-Defendants regarding their respective rights and obligations under the Letter Agreement, specifically, Cross-Complainants claim they fully complied with their obligations while Cross-Defendants breached by failing to cooperate and finalize their investment in the New Fund, and accordingly, Cross-Defendants are not entitled to any rights described in the Agreement (Cross-Complaint 68.) The Gores Group has announced or closed nine SPAC deals since 2015, totaling $58 billion in transaction value. Select the best result to find their address, phone number, relatives, and public records. 1-2. Cancellation and Refund Policy, Privacy Policy, and This home is the most recent known address for Michael. [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. Platinum, which specializes in turning around troubled companies, announced earlier this year that it had brought in new management at Securus and released pledged reforms. The Judge overseeing this case is MONICA BACHNER. Los Angeles County Superior Courts | Contract | Plaintiffs do not allege who made the representations and by what means; however, it appears Plaintiffs allegation as to Individual Defendants January 30, 2018 promise is based on the terms of the Letter Agreement itself, not statements made orally or written outside the Letter Agreement. Payroll Year: 2018: Employer/Source: Los Angeles Unified : Employer Type: School: Job Title: Substitute Teacher : School: Los Angeles Unified: yakima death notices, upper marlboro, md obituaries, 2 family homes for rent cleveland heights,