Preston & Naomi — The Hidden Letters
He stepped away from oversight of the inquiry because he was both the controlling shareholder and the person deceived.
The board appointed a special committee.
Constance’s trust authority over company-related assets was suspended pending review, and her access to expense accounts was removed under the governing documents.
She threatened to sue.
Her counsel sent a terse letter.
The company responded through its own attorney, not through family argument.
When the six-hundred-million-dollar property deal finally returned to the table, the lenders demanded updated representations about the family office.
The sellers refused a further extension.