Kerouacs Cafe shareholders allege they did not receive payments per agreement

By Jenie Mallari-Torres | Nov 9, 2018

CHICAGO – Two shareholders in a Chicago restaurant allege they did not receive their incentive payments as outlined in a contract.

Juan Ruiz and Janet Ruiz filed a complaint on Oct. 29 in Cook County Circuit Court against Kerouacs Cafe Inc., Steven Tsonis and Ryan Kowalis alleging breach of contract, fraud in the inducement and breach of fiduciary duty.

According to the complaint, the plaintiffs entered into a written stock purchase agreement and shareholder agreement with the defendants. The suit states the plaintiffs paid $100,000 and Tsonis and Kowalis would sell them a 12 percent interest in Kerouacs, which operates the Chicago restaurant The Gringo.

The plaintiffs allege they did not receive the first and second incentive payments due to them and that the defendants have refused to make the payments.

The plaintiffs request a trial by jury and seek judgment against the defendants in the amount of $100,000, plus interest and costs, punitive damages, attorney fees, and further relief. They are represented by Mark D. Roth of Roth Fioretti LLC in Chicago.

Cook County Circuit Court case number 18-CH-13465

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Circuit Court of Cook County Roth Fioretti, LLC

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