Kleeberg et al v. Eber et al
Filing
451
OPINION. When Allen Eber entrusted the family business to his only son for the benefit of all his progeny, he scarcely could have imagined the greed and disloyalty that would follow. The purpose of the testamentary trust was to ensure the equal e njoyment of each of Allen Eber's offspring and their descendants in the fruits of the family business. Somewhere along the way, that guiding principle was cast aside. For over a decade, Lester and Wendy repeatedly violated their fiduciary dut ies in order to extract as much value from the family business as possible to the detriment of their kin, whose interests they were bound to protect. This decision begins the process of effectuating Allen Eber's intent - undoing as much of d efendants' selfish behavior as equity and law demand. As I wrote at the outset, "[t]he parties have been battling in this Court for years." That battle now is over. The foregoing constitute the Court's findings of fact and conclusions of law. The plaintiffs shall submit a proposed form of final judgment no later than April 5, 2023. SO ORDERED. (Signed by Judge Lewis A. Kaplan on 3/30/23) (yv)
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