Lansing v. Carroll

Memorandum Opinion And Order

Manish S. Shah, United States District Judge

George Carroll and Robert Lansing co-founded a real-estate investment business in which each owned equal interests. Years later, however, the relationship between the two co-owners soured, and Lansing elected to invoke the “buy/sell” provisions of various governing agreements. Pursuant to those agreements, Lansing offered to purchase Carroll’s shares in the business for approximately 14.5 million dollars, and simultaneously made an offer to sell Lansing’s own shares to Carroll for the same price. Carroll chose to buy…