Blue Horseshoe Ventures Files Lawsuit Alleging Fraud and Breach of Fiduciary Duty Against David Glimcher
November 9, 2018
Lawsuit alleges Glimcher tried to transfer millions of dollars of company-owned real estate rights to himself for $1.00
DELAWARE, OH – Today, Blue Horseshoe Ventures and Tony Sekulovski filed a lawsuit against David Glimcher and his newly formed companies following Glimcher’s false public claims that he is somehow the owner of the entertainment project slated for the intersection of I-71 and Routes 36/37 in Sunbury, Ohio. The complaint and numerous exhibits, filed in the Delaware County Court of Common Pleas, make clear that Tony and Alex Sekulovski are the sole owners of Blue Horseshoe Ventures and that David Glimcher has never had any legal interest in the company. Furthermore, the evidentiary exhibits filed with the court show that Blue Horseshoe Ventures is the legitimate party to the signed contracts with third parties to purchase the land and develop the entertainment complex.
The lawsuit seeks a declaratory judgment – a judge’s order verifying the legal rights of a party — that Blue Horseshoe Ventures is owned by Tony and Alex Sekulovski and that they alone hold all legal rights and obligations to purchase and develop the properties in both Sunbury and another project in Gahanna, Ohio.
The lawsuit also alleges that Glimcher committed fraud and violated his legally-required fiduciary duty when he secretly drew up a 1-page document and tried to improperly transfer the rights to the Sunbury and Gahanna properties to himself in return for the purported payment of a dollar. Glimcher attempted this despite having no ownership interest or authorization from Blue Horseshoe Ventures or its owners.
“It’s unfortunate that we have to go to court, but David Glimcher’s outrageous and improper actions leave us no other choice,” Ryan Stubenrauch, spokesman for Blue Horseshoe Ventures said. “Mr. Glimcher has never owned any part of Blue Horseshoe Ventures and has no claim to any of its assets or property. Despite that, Mr. Glimcher has been recklessly contacting third parties and attempting to damage Blue Horseshoe Ventures as well as an entertainment venue that has captured the interest of thousands of people in Central Ohio and countless others nationwide. We’re confident that the court will review the extensive evidence we’ve submitted and ultimately vindicate us, while holding Mr. Glimcher accountable for his illegal actions.”
Information for this story was provided by Blue Horseshoe Ventures.