Forgent Power Solutions Parent Neos Partners LP Can’t Escape Contested Ownership Dispute Over MGM Transformers Division Reports California Law Firm Stone LLP
The parent company of Forgent Power Solutions Inc. www.forgentpower.com (“Forgent”), the brand behind MGM Transformers, PwrQ, States Manufacturing and VanTran, created through recent acquisitions by San Diego-based Neos Partners LP www.neospartners.com, a firm focused on investing in the energy infrastructure sector, was sued in Los Angeles County Superior Court over ownership claims brought by an alleged shut-out co-owner in the MGM Transformers unit. The lawsuit, brought by Abbie Gougerchian (“Gougerchian”), asserts he is a fifty-percent (50%) owner in MGM Transformers and was squeezed-out of the company’s $400 million sale to Neos in 2023.
Newport Beach Plastic Surgeons Dr. Joseph Cerni and Dr. Nadir Qazi Sued for Fraud and Retention of Stolen Property by Stone LLP Client
Karen A. Sunday & Associates Inc., a well-regarded commercial real estate broker, recently filed a multi-count lawsuit against Dr. Joseph S. Cerni and Dr. Nadir Qazi, along with their affiliated medical practices and others, for failing to pay, and unlawfully withholding, an earned real estate commission. The lawsuit alleges fraud, breach of contract and unlawful retention of stolen property, among other counts.
