|Lanier Law Firm Attorney Eugene Egdorf quoted in Autoweek article |
Circuit of the Americas associate sued over real estate contract
|August 2, 2012 11:22 pm|
A company affiliated closely with the under-construction Circuit of the Americas, the road course that is scheduled to host the U.S. Grand Prix Formula One race in November, is named in a lawsuit filed in Texas that alleges fraud and conspiracy.
The suit involves a 78-acre tract of land that is located near the track's first turn. It was filed by Hillary Ryan, listed as principal at Thunderhill Ranch Holdings LP. According to the Austin Business Journal, the suit accuses Kam Kronenberg and Accelerator Holdings LLC of fraud, civil conspiracy and tortious interference.
"It is unfortunate that Mr. Ryan was forced to file this lawsuit over what we believe is a clear abuse of a fiduciary relationship," says Eugene Egdorf of the Lanier Law Firm, lead counsel for Ryan. "We're asking the court to hold Mr. Kronenberg and his partners responsible for the millions of dollars in lost profits that Mr. Ryan is owed."
© 2012 Crain Communications, Inc.
Send this page to a friend