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AMB Tran Group LTD allegedly failed to make payments under stock repurchase agreement

COOK COUNTY RECORD

Saturday, November 23, 2024

AMB Tran Group LTD allegedly failed to make payments under stock repurchase agreement

Contract 10

CHICAGO — A man is suing AMB Tran Group LTD for alleged breach of contract.

Scot Vandenberg filed a complaint on April 12 in Cook County Circuit Court, alleging the defendant breached its obligation to pay him pursuant to a revised stock repurchase agreement.

According to the complaint, the plaintiff alleges that the defendant failed to make required monthly payments of $8,333 from Feb. 15, 2017 through Aug. 17, and quarterly payments of $95,521 from Nov. 15 to present, pursuant to a repurchase agreement.


Daniel Lynch | Lynch Thompson LLP

The plaintiff requests a trial by jury and seeks judgment for all damages, pre- and post-judgment interest, attorney's fees and any further relief the court may deem proper. He is represented by Daniel Lynch and Shucong Rose Liu of Lynch Thompson LLP in Chicago.

Cook County Circuit Court case number 18-L-3706

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