Ex-Partners to Fight It Out ; Schiavone Founder Sues
The Record, Bergen County, NJ › May 21, 2008
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Summary
The 82-year-old founder of Secaucus-based Schiavone Construction Co. has accused its ex-president former U.S. Labor Secretary Raymond Donovan of fraud in his handling of the company's sale last year.
A suit filed in U.S. District Court in Newark by Ronald A. Schiavone claims that Donovan labor secretary under President Ronald Reagan secretly negotiated the sale to a Spanish corporation behind Schiavone's back.See the full content of this document
Extract
Ex-Partners to Fight It Out ; Schiavone Founder Sues
Publicly traded Dragados SA of Madrid bought Schiavone Construction, in which Donovan and Schiavone were equal partners, for $150 million in December.
The suit says that negotiations were so adva...See the full content of this document
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