Opinion ID: 781612
Heading Depth: 3
Heading Rank: 1

Heading: Salovaara v. Eckert (N.J.Super.Ct.): Salovaara I

Text: 9 Salovaara v. Eckert, MRS-C-29-94 (N.J.Super.Ct.1994) (Salovaara I) was filed in February 1994. The Complaint charged that Eckert's work with Greenwich Street was a conflict of interest that breached the duties he owed to Greycliff. Salovaara sought a preliminary injunction to prevent Eckert from managing Greenwich Street, which the court denied. Eckert asserted counter-claims alleging that Salovaara mismanaged funds controlled by Greycliff and sought Greycliff's dissolution. After a bench trial, the court found in July 1998 for Salovaara, awarding him $4 million in damages and the right to direct Greycliff's dissolution. 10