CHICAGO – A limited liability company and an individual both based in Los Angeles, allege money was misappropriated from them and used to purchase two properties in Cook County.
Relentless Entertainment LLC and Michael D. Hand, individually and on behalf of Wonderfish Media LLC, filed a complaint on Nov. 15 in Cook County Circuit Court against Carol Pellegrino, MPSDRE LLC, Baypoint Capital Partners LP, and others, alleging unjust enrichment.
According to the complaint, Pellegrino is the mother of Michael Pellegrino, who formerly managed Relentless. The suit states Michael Pellegrino misappropriated and converted funds totaling $850,000 in 2015 that belonged to Relentless and Wonderfish for his own use and for the benefit of his wife and mother.
The suit states the funds were used to purchase two properties in Bartlett and the titles were later transferred for those properties for no value "to hide the money which Michael Pellegrino had unlawfully obtained from plaintiffs."
The plaintiffs allege they are entitled to recover the value of their wrongfully converted and transferred funds under the Uniform Fraudulent Transfer Act.
The plaintiffs seek that the court declare that Michael Pellegrino breached his fiduciary duty to plaintiffs, defrauded them and unlawfully converted funds belonging to plaintiffs; quiet titles to properties in the plaintiffs; attorney's fees and costs of this litigation; and other relief the court may deem fair and proper. They are represented by Richard H. Fimoff and Richard Lee Stavins of Robbins, Salomon & Patt LTD in Chicago.
Cook County Circuit Court case number 2018CH14302