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Petitioner alleges company president breached fiduciary duty

By The Madison County Record | Jul 7, 2016

EDWARDSVILLE — An Illinois man is suing a company president, alleging the defendant caused the plaintiff to suffer financial losses of more than $64,000.

Brian Steele filed a lawsuit June 24 in Madison County Circuit Court against Nick Marr,  alleging breach of fiduciary duty and unjust enrichment in that the company president took funds from Diversity Investment Group Inc. without authority.

According to the complaint, Steele suffered monetary damages of at least $64,763.55 from January 2014 through December 2015. The plaintiff  alleges Marr kept the money for his personal use, wrote checks payable to himself, used the funds to pay his home mortgage, withheld $2,000 from an employee's paycheck and subjected the corporation to tax penalties of at least $7,000.

Steele seeks a trial by jury, judgment of more than $50,000 and other relief the court deems just and proper. He is represented by attorney David M. Fahrenkamp of Edwardsville.

Madison County Circuit Court case number 16-L-913

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