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Stradling

Ryan Decker v. Control Devices

  • Orange County Superior
  • ,
  • Central District, CA

Stradling secured a settlement of claims by and against clients Ryan Decker and Paul Cramer, principals of Cramer Decker Industries, Inc. (CDI), arising from CDI's sale of Control Devices.  Under the stock purchase agreement, a substantial portion of the purchase price had been held in escrow.  Control Devices instructed the escrow agent not to release the funds based on allegations of breach of the purchase agreement and fraud purportedly resulting in $5 million in damages.  Mr. Decker, as selling agent, filed an action for declaratory relief against Control Devices leading to a favorable settlement including the release of much of the amount in escrow.