Bickley v. Fordin

DILLON, Judge.

*673 *2 Both parties appeal from the order and final judgment of the trial court, awarding Plaintiff $550,762.20.

I. Background

In 2003, Defendant Frederic Fordin formed Millenium 3 Automotive Consultants, LLC ("M3 LLC"). M3 LLC's primary asset was its ongoing development of software called "ASR Pro," which was intended to be marketed to the used car dealership industry. At all relevant times, Defendant Fordin was the majority owner and managing member of M3 LLC.

*3 In 2006, Plaintiff Adam Bickley purchased a 10% interest in M3 LLC for $50,000. Shortly thereafter, however, Plaintiff was…