Former exec fights Majestic Real estate over $ 78 million in cosigned promissory notes.
FORT WELL WORTH, Texas– Read this story and more North Texas business information from our web content companions at the Dallas Business Journal.
New information have emerged in a significant legal disagreement swirling around the Ft Well Worth Stockyards.
They come from a claim submitted in early May by Craig Cavileer, who oversaw comprehensive development at the Stockyards and was gearing up for one more nine-figure expansion of the significant vacationer attraction and economic engine for the city.
In the legal action, Cavileer affirms his previous employer, Majestic Realty Co., broke an arrangement connected to financing the Stockyards expansion and various other real estate jobs. Lawful filings gotten by Dallas Business Journal offer new specifics regarding what’s been happening behind the scenes and showcase just how the long-running collaboration guiding the Stockyards has unwinded.
In December, Majestic took legal action against Cavileer for nearly $ 76 million, asserting he broke a contract and fell short to repay countless car loans.