Lanzman sues IEAH
 

The lawsuit contends that IEAH violated the contract by subsequently selling more than 10 percent of I Want Revenge without notifying Lanzman prior to the sale, and that IEAH has yet to provide documents of those sales.

http://www.drf.com/news/article/104380.html

I'm confused though. What damages is he arguing? He can call them stupidheads for not telling him about the sale but is he saying he wanted to be able to have first refusal or something? It seems like you could just spell that out. If there are no damages, exactly what would he be suing to have happen? He got the bonus he was entitled to. A contract is a contract and I suppose if they breached then that's not good but there's a point where the judge might say 'uh yeah, you're right in principle, here's $1 now don't you feel special?'

There is more to it than simple administrative or procedural omissions.

Since he is still 50% owner he obviously wanted to have some control, or perhaps right of refusal of any new owners that might be brought on board. You're right...a contract is a contract, but it seems they breached it, although I found it interesting that any damages he is seeking are not detailed?

IMO depends how the contract was written. If in fact there is a clause that says he should have right of approval for any sale of 10% or more he is entitiled to punitive damages in addition to real damages which may be the essence of the case. Wish it was Federal so we could see the whole complaint

Counter-claim has been filed by IEAH:

http://www.drf.com/news/article/105496.html

Punitive damages are typically not permitted in a private contract dispute between parties to that contract.

It is always entertaining when these guys are in the news. Sad, but entertaining.

Yeah see that's why I was confused.