Cherokee Foods was a minority-owned supplier who had contracted with schools across the country, including in Lexington County, South Carolina.
A minority-owned food manufacturer is suing one of the world’s largest privately held food manufacturing companies for millions of dollars in damages.
Verus Financial Management Chief Executive Rich Roberts has sued the company’s venture capital backer, claiming it broke a promise to pay him an extra $10 million from proceeds of Verus’ sale that closed today.
Make a promise, he’ll take you at you word. A handshake equals a signature on the proverbial dotted line.
Shorter College’s failed attempt to escape the Georgia Baptist Convention’s control by dissolving and reincorporating may affect other nonprofits’ attempts to win their freedom from institutional control.