'[I'm] getting revenge on my old business partner': Scorned business holder discovers $40,000 secret

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Remy Millisky • Writer and Editor
Aug 29, 2024 11:00 AM EDT

This person embarked on a three-year-long legal battle with their former business partner. That's a major turnaround: from running a company with someone to suing them in just a few short years!

U/Due_Engineering_108 had a fantastic revenge story to share with everyone. It's clear that their resentment against their former business partner had been growing for some time, thanks to numerous broken promises and lies. Despite their 15-year-long business relationship, the two had differing visions for the company's future. 

You can't trust just everyone, as this poor dude found out. Their former business partner offered to sell them the business, doling out his shares so that he could retire and let the original poster run the business. Then, after 15 years of working together, the business partner doubled the asking price. That's a major slap in the face for any buyer, and this guy wouldn't even negotiate the price a little bit. 

Alongside three long years of litigation, the original poster got their business partner back with an irreversible "gotcha." There's no way to put the toothpaste back in the tube, as that guy found out for himself. 

After you read the whole story, check out some funny and absurd pet stories, like the "dog [who] once ate a feather duster." 

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  • 01
    Cheezburger Image 10393115136
    via Tingey Injury Law Firm on Unsplash
  • 02
    Getting revenge on my old business partner Last month I was finally able to settle a 3 year dispute with my old business partner, in the process I was able to extract revenge for every broken promise and lie he told me over the previous 15 years.
    via u/Due_Engineering_108
  • 03
    I was a minority shareholder in the business. holding 20% while he and his wife held the other 80%, his wife never did a days work but she was gifted shares for tax purposes. Three years ago we agreed that I would purchase his and his wifes shares from him and agreed a price so he could retire, he then at the last moment changed the terms of the sale and
    via u/Due_Engineering_108
  • 04
    effectively doubled the price despite the business turnover and profit falling by 30% in that time. After many months of attempted negotiations I left the company. I decided to take action against him for constructive dismissal and also for persecution of minority shareholders for how he abused the company for his own benefit, I had a clear cut
    via u/Due_Engineering_108
  • 05
    case on both fronts but instead of settling the claim he dragged it out to tribunal. During the case I made sure my lawyer was armed with every bit of information required to take him down. For many years he had used a consultant to advise him on financial matters and he paid them approximately £40000 a year in fees, after I
    via u/Due_Engineering_108
  • 06
    left I did some digging into the consultant and found that there was no such person consulting us and the monies were being used to pay a women who he had got pregnant on the side. He had set up a business with her as a director and paid the money to her that way. During the tribunal when we were asked to show cases where the company
    via u/Due_Engineering_108
  • 07
    had acted in bad faith we highlighted this case. The memory of his wifes face dropping and him attempting to talk over my lawyer claiming it was all lies is something that will live long in the memory.
    via u/Due_Engineering_108
  • 08
    Needless to say the case was very straight forward for us and my old business partner and boss is now living in a flat he owns with his son after being kicked out by his wife.
    via u/Due_Engineering_108
  • 09
    Idajack12 I love stories like this. My ex partner stole $200,000 from me and agreed to repay it yet in three years has paid less than $20,000 of it. He threatens to file bankruptcy every time I have my attorney reach out and request payment, it's going to come to a head this year.
    via u/Idajack12
  • 10
    Infamous-Ad-5262. FAFO
    via u/Infamous-Ad-5262
  • 11
    marklawr. What comes around goes around.
    via u/marklawr
  • 12
    spacegirl2820 Seems he got exactly what he deserved! Glad it worked out for you
    via u/spacegirl2820
  • 13
    ReserveLess4153 This might be one of the best I've seen. Bravo!
    via u/ReserveLess4153
  • 14
    Initial-Inevitable59 Now that is some good revenge!
    via u/Initial-Inevitable59

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