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Fernandez, Garcia Settle Lawsuit
Posted: October 3, 2011
The lawsuit filed more than a year ago by Eduardo Fernandez, owner of the agricultural conglomerate Aganorsa S.A., against cigarmaker José “Pepin” Garcia and his family has been settled out of court.
who owned 50 percent of the Miami-based El Rey de Los Habanos factory
as well as half of Tabacalera Cubana S.A. (TACUBA) in Nicaragua, has
agreed to sell his interest in those companies to the Garcias, who are
now sole owners of the enterprise.
Terms of the purchase were not disclosed.
Cigar Aficionado spoke to attorneys representing both the plaintiff and defendants in the case. The dispute originally centered around the Garcia’s ventures in Nicaragua, specifically the My Father Cigars S.A. factory where My Father, Tatuaje Havana VI, San Cristobal, La Aroma de Cuba and other cigars are now made. Fernandez, who had been a partner with the Garcias in Tabacalera Cubana, the Garcia’s first cigar factory in Nicaragua, was not an owner in My Father Cigars.
Fernandez sought to stop production at the My Father factory, believing the Garcias to have intentionally channeled business around El Rey de Los Habanos and Tabacalera Cubana in an effort to circumvent the partnership.
Both parties agreed to settle on September 29, and the charges, which included breach of fiduciary duty, tortious interference and civil conspiracy, were dismissed on September 30.
The case is officially closed.
Comments 6 comment(s)
Christian A — October 3, 2011 5:57pm ET
Float Dub — October 3, 2011 6:01pm ET
Christian A — October 3, 2011 6:35pm ET
Cigar Aficionado — October 3, 2011 7:23pm ET
Cigar Aficionado — October 3, 2011 7:26pm ET
Christian A — October 4, 2011 12:10pm ET
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