Subject:  Fieger sues charter jet firm over investment loss |
Author:
Chris
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Date Posted: 01/ 6/06 5:46pm
The following article was borrowed fromThe Detroit News
Thursday, January 05, 2006
Fieger sues charter jet firm over investment loss
He claims they defrauded him of $90,000 in a business deal gone bad.
Mike Martindale / The Detroit News
SOUTHFIELD -- Hard-charging, high-flying Southfield attorney Geoffrey Fieger is back in court again -- this time seeking damages against a charter jet service he claims defrauded him of $90,000 in a business deal gone bad.
It is the most recent legal bump in the road for Fieger, who's better known for multimillion dollar lawsuits against police, hospitals and, of course, several years spent keeping his most famous client, Jack Kevorkian, out of jail.
This past year the outspoken, often controversial Fieger made headlines after he was publicly criticized by both state Attorney General Mike Cox and Oakland County Prosecutor David Gorcyca because of Fieger's role in an alleged blackmail threat. He also has been investigated for possible campaign finance violations, had his Southfield law firm business records and other documents seized by federal agents, and had members of his staff quizzed by federal agents at work and at home over campaign contributions.
In Fieger's lawsuit, filed Dec. 28, 2005, in Oakland Circuit Court, he seeks recision of an initial agreement regarding the Learjet, actual and punitive damages, as well as attorneys fees and costs, against Pacific Jet Ventures of California; and FairShare, a Florida-based company. Known officers in each of the companies, listed as defendants, could not be reached for comment.
Fieger said in November 2003, he and his firm, Fieger, Fieger, Kenney & Johnson, were solicited by FairShare to purchase charter flights at a reduced rate. Fieger would purchase a 25 percent interest in a Learjet aircraft in exchange for the use of a specific number of hours of chartered fly time on any of a number of aircraft owned by FairShare and managed by Pacific Jet.
The proposal, which required payments totaling $640,000, "would lower Fieger's cost of chartering commuter jet aircraft flights and provide a significant tax benefit," the lawsuit said.
Fieger's lawsuit said he made a down payment of $90,000 under the purchase agreement but never signed a promissory note. He said that it was determined that the Learjet in question was not owned by either company and was encumbered by a mortgage of more than $1 million. The companies attempted to modify the purchase agreement to reflect Fieger would be purchasing an ownership interest in Pacific, rather than the 1977 Learjet.
Fieger rejected the modified proposal and demanded repayment of the $90,000 down payment.
You can reach Mike Martindale at (248) 647-7226 or mmartindale@detnews.com.
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