Segal
Segal v. Silberstein
Opinion
Opinion
Rubin, J.
Defendants David, Sandra, Michael, and Lisa Silberstein appeal from the trial court order denying their petition to compel arbitration of claims raised in Richard Segal’s complaint alleging breach of contract and breach of fiduciary duty in connection with the parties’ real estate acquisition and development joint venture. Because the operating agreements of the parties’ business entities require arbitration, we reverse.
FACTS AND PROCEDURAL HISTORY
Richard Segal sued David Silberstein, alleging that Silberstein breached their oral joint venture agreement to split the profits from their business. The complaint alleged that pursuant to the joint venture agreement, Segal and Silberstein formed several business entities to buy, develop, and manage real property, including Chapman Summit (Chapman), Double S Development (Double S), BSG Financial (BSG), Sage Village, and Adventure Development. Segal alleged that Silberstein and several companies that were Silberstein’s alter ego tried to hide, divert, fraudulently transfer, and otherwise take control of the assets and profits “of the aforementioned entities.”