Decker v. Decker

The defendants, Marshall Decker and J.E.D. Associates, Inc. (JED), appeal a decision of the Superior Court (McHugh, J.) holding that the plaintiff, David Decker, owns a ten percent equity interest in the defendants’ real estate venture, and awarding him $70,000 in damages, $15,000 in accounting fees, and ten percent of future profits. We affirm the ten percent equity interest and the award of accounting fees, and reverse and remand for a complete accounting of the venture’s operations to determine the damages to be awarded.

In 1978, JED, a corporation controlled by defendant Marshall Decker,…