Quantcast

Managing partner of Caros Family Partnership alleges misappropriation of funds

SOUTHEAST TEXAS RECORD

Sunday, December 22, 2024

Managing partner of Caros Family Partnership alleges misappropriation of funds

Law money 12

GALVESTON – A Sugar Land man alleges unauthorized payments were made from a partnership's account.

Christopher Caros, individually and on behalf of the Caros Family Partnership, filed a complaint on Sept. 13 in the Galveston County District Court against the estate of Georgia Marx and Melvin Marx alleging breach of fiduciary duty, fraud and other counts.

According to the complaint, Georgia Marx and Caros created a general partnership agreement (Caros Family Partnership) regarding three tracts of land in Galveston County used as commercial rental property. The suit states that Georgia Marx died on July 24, making the plaintiff the managing partner of the partnership.

The plaintiff holds the estate of Georgia Marx and Melvin Marx responsible because the defendants allegedly are misappropriating the partnership funds, unauthorized checks have been made and Melvin Marx is allegedly trying to manage, sell or exercise dominion and control over the properties.

The plaintiff seeks monetary relief of more than $100,000 but less than $200,000 and such other relief to which plaintiff and the Caros Family Partnership may justly be entitled. He is represented by David W. Showalter of Showalter Law Firm in Richmond.

Galveston County District Court case number 17-CV-1115

More News