Saturday, September 14, 2013

Jabbawockeez suing manager for raising his ownership stake from 1% to 52%!

From Courthouse News comes a bizarre story: "Jabbawockeez sued Fred Nguyen (their manager) and his company FDN Holdings, claiming he sneakily increased his ownership of the group from 1 percent to 52 percent...The plaintiffs' attorney Joseph Ganley in an interview: "We believe Nguyen was able to increase his commission by manipulating the business's articles of incorporation." Ganley said Nguyen secretly and gradually increased his commissions over 10 years, the largest increase in the past three years. Ganley said Nguyen is still the group's manager but the Jabbawockeez want to stop him from taking more than he should."