Ray v. Raj Bedi Revocable Trust

UNITED STATES DISTRICT COURT NORTHERN DISTRICT OF INDIANA SOUTH BEND DIVISION JOHN RAY et al., Plaintiffs, v. CAUSE NO. 3:19-CV-711 DRL-MGG RAJ BEDI REVOCABLE TRUST, Vikram Bedi, trustee, Defendant. OPINION & ORDER Two individuals evenly owned two Indiana corporations, C.F.B., Inc. and C.F.B. Real Estate Corporation. One died. The surviving shareholder sought to purchase the other’s shares (now owned in trust after his death). Buy-sell agreements established procedures for valuation. The valuation became contested. The trust wanted more than what the surviving shareholder would pay.…