Call Today for a Consultation: 813-489-1001
Barker Cook  

Stillhouse accuses Bacardi of breach of contract and fraud

Entering a business arrangement with another party in Florida or elsewhere can be an exciting endeavor, but it may also come with a certain level of risk. Should either party fail to uphold its end of the arrangement, the fallout could have a detrimental impact on the future of the other company. Stillhouse, LLC, has recently filed a breach of contract lawsuit against Bacardi Limited, accusing the company of attempting to achieve a lesser buy out costs through fraudulent means.

According to reports, Stillhouse asserts that it initially reached a business arrangement in which it would provide Bacardi with inside access to company operations. The company claims that in exchange for this access, Bacardi had agreed to eventually buy out the company at a competitive price and bring it in house. However, Stillhouse representatives claim that the other party was misleading about its intentions and instead sought to bring down the value of the company for personal gain.

Stillhouse says that the other party failed to comply with its end of the agreement and states that the situation has left it facing severe monetary hardships and tarnished its image. The company asserts that Bacardi has attempted to use this to its advantage so it could buy out the other party's interests at a lesser amount. Stillhouse has since filed a lawsuit against Bacardi accusing it of breach of contract and fraud.

Business owners who encounter disputes over an alleged breach of contract may wish to take steps to protect the future of their companies, but they might be uncertain how to achieve this goal. When facing a similar scenario, a person in Florida could benefit from speaking with an attorney early on for guidance on each of his or her available options. An attorney can work with a client in forming a strategy to protect his or her business interests and provide guidance on how to safeguard against similar concerns in the future.

No Comments

Leave a comment
Comment Information
Email Us For a Response

How Can We Help You?

Bold labels are required.

Contact Information
disclaimer.

The use of the Internet or this form for communication with the firm or any individual member of the firm does not establish an attorney-client relationship. Confidential or time-sensitive information should not be sent through this form.

close

Privacy Policy

Barker Cook

501 East Kennedy Boulevard, Suite 1040
Tampa, FL 33602

Phone: 813-489-1001
Fax: 813-489-1008
Tampa Law Office Map