Investor alleges business partners owe $40,000

By Jenie Mallari-Torres | Nov 13, 2017

FRESNO — A Fresno County investor is suing his business partners, alleging they owe $40,000, alleging breach of contract, conversion and breach of implied covenant.

Marcelo Rivas filed a complaint Oct. 18, Fresno County Superior Court against Robert A. Gonzales, Todd W. Willis, Noe Fernandez, Ruth Fematt and Does 1-25, alleging the business partners breached duties of good faith and fair dealing.

According to the complaint, on Sept. 7, Rivas suffered damages from his attempt to extract information from the defendants regarding his investment with the defendants in the rehabilitation and reselling of property at 7404 N. Lead Ave., Fresno. 

The plaintiff alleges the defendants refused to acknowledge Rivas' rights as an investor to be provided with the documents, funds and/or information, and any accounting or summary regarding the cost, expense and financial condition of the joint venture business.

Rivas seeks trial by jury, declaratory relief of $40,000 as his original investment, plus 25 percent for his return on investment and an additional 20 percent as his share of the profits, compensatory and general damages, attorney fees, costs of action and all further relief the court deems just. He is represented by attorney Lance E. Armo of Law Office of Lance E. Armo in Fresno.

Fresno County Superior Court case number 17-CECG-03597

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