Fred Baron Sues Firm He Founded

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Fred Baron Sues Firm He Founded
2006-08-10
Dallas lawyers Fred Baron and Lisa Blue, who sold their equity interest in Baron & Budd to shareholder Russell Budd in 2002, filed a breach of contract suit on Aug. 3 alleging Budd, the firm and others conspired to deny them payments due under the sale contracts. The defendants in Fred Baron, et al. v. Baron & Budd P.C., et al., filed in Dallas County Court-at-Law No. 3, include the Dallas-based toxic tort firm; Budd, the firm's president and majority shareholder; Steve Baron, a shareholder in Baron & Budd and a partner in Dallas firm Silber Pearlman; Brian Lidji, a partner in Lidji & Dorey of Dallas; and LeBlanc Waddell, a firm in Baton Rouge, La. As alleged in the original petition, Baron & Budd is the managing partner of Silber Pearlman, and it owns 98 percent of LeBlanc Waddell.
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