SE Texas Record

Saturday, July 20, 2019

Olive business shareholders sue to recoup proceeds from sale of interest


By John Suayan | Nov 30, 2018

GALVESTON – Two Harris County residents have filed a lawsuit against their business partner, claiming that defendant owes them money after they sold their interest in the trio’s olive business.

Galveston County District Court records indicate that Clayton and Anna Faye Evans initiated legal action against David Quartaro, of League City, on Nov. 29 in the 405th District Court.

The plaintiffs invested in Sicilian Village LLC from before May 2014 to three months ago. Sicilian Village LLC became Sicilian Village, L.P. a little after the beginning of that time period.

According to the suit, the complainants agreed to sell their interest in Sicilian Village, LP to Quartaro, the general partner of the venture, last Aug. 22 for the sum of $82,500.

“To fulfill their portion of the agreement, on August 22, 2018, the plaintiffs delivered their Irrevocable Assignment of Limited Partnership Interest to Jason Kraus, the attorney for David Quartaro,” court documents say.

The defendant allegedly failed to wire transfer the subject funds to the account of Clay Evans and “has failed and refused to pay for the limited partnership interests.”

William C. Ferebee of CRK Law LLP in The Woodlands is representing the plaintiffs.

Galveston County 405th District Court Case No. 18-CV-1629

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