11/9/2023 0 Comments Julia yahoo finance newsHaart is already seeking redress in New York State Supreme Court.” But in the event it stands, it will be the final piece of evidence proving Scaglia’s fraud against his wife, fraud for which Ms. Haart disagrees with the ultimate decision and will appeal it. Haart and to the world at large that she was a full fifty-percent owner. Both Scaglia and Feinman testified this structure was intentional.”Ĭhristopher Milito, Haart’s attorney said in a statement to WWD: “The court’s decision is a tour de force examination of the many years of Scaglia’s statements and documents confirming to Ms. Assuming the Stock Power was effective, Scaglia continued to hold the bare majority-50.0004043%-of Freedom’s preferred shares. Rather, it transfers one half share less than half, or 49.9995957%, of those preferred shares. The stock power was drafted by Scaglia’s corporate accountant Jeffrey Fineman of accounting firm DDK & Company Fienman is named in Haart’s lawsuit.īut, as Zurn writes, “the Stock Power, by its own terms, does not transfer half of Scaglia’s 123,665 preferred shares. Zurn writes: “The record contains a June 12 stock power purporting to transfer from Scaglia to Haart 61,832 of Freedom’s 123,665 preferred shares (the “Stock Power”).” Having been caught in this deceit, Scaglia showed contrition by appearing to transfer to Haart 50 percent of Freedom holdings. “Haart testified she was ‘devastated’ to learn that Scaglia had ‘misled and lied to ’ and that he could make decisions for the business, including selling it to Gabelli, without her.” “During these negotiations, Haart learned for the first time that Freedom preferred shares existed, and that Scaglia owned all of them,” writes Zurn. At the time, Haart was CEO of Elite, but Scaglia excluded her from the negotiations with Gabelli. That’s when Freedom entered into a negotiation with Gabelli Group Capital Partners over a possible SPAC transaction for Elite. A razor thin margin of control that was apparently unbeknownst to Haart at the time.Īs Zurn wrote: “Despite the appearance of an equal partnership, the evidence reveals that Haart never owned an equal stake of Freedom’s preferred stock.”īut, according to court filings, Haart first became aware that her husband was deceiving her back in 2020. Hours after she was ousted, she filed for divorce from her Italian business mogul husband and in a separate Manhattan Supreme Court sued Scaglia characterizing him as a “liar and a fraud,” who owes her millions from her share of Elite parent Freedom Holding Inc, according to court documents.Īccording to the Chancery Court motion, Freedom “began reporting in financial statements that Scaglia and Haart owned Freedom equally.” In reality, and apparently unbeknownst to Haart, Scaglia maintained one share more of Freedom stock than his wife. Haart, the former creative director of La Perla, was fired from her position as CEO of Elite last February, amid the couple’s deteriorating relationship. 'Selling Sunset' Season 5 Fashion Breakdown: PHOTOS But the judgement concludes that neither party had unclean hands.Ī Closer Look at the Beauty in 'Stranger Things 4' 4, exposes Scaglia’s efforts to maintain control of Elite World Group despite his public proclamations that he and Haart were equal partners. The decision, written by vice chancellor Morgan T. The back story behind reality star and ousted Elite World Group CEO Julia Haart’s losing court battle with estranged husband Silvio Scaglia has been revealed in a 52-page opinion by a judge from Delaware’s Chancery Court.
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