SUBSTANTIAL SETTLEMENT OBTAINED ON BREACH OF FIDUCIARY DUTY CLAIMS

We filed a complaint that alleged that the Debtor company initially had two owners, and after the
death of one owner, the remaining owner with assistance of corporate counsel drained the
assets of the Debtor company, destroyed its value, and caused the Debtor company to make
fraudulent transfers to third parties. The bankruptcy trustee brought claims for conversion,
Breach of Fiduciary Duty, violation of the Business Corporation Act, and fraudulent transfer
claims against seven parties. The case settled at mediation for a substantial sum allowing the
trustee to make an 85% dividend on the total allowed unsecured claims.

In re Argon Repair and Maintenance, Inc.: Bankruptcy Trustee v Dickinson Wright PLLC, et al.,
Case #21-4105.

Opposing counsel Collins Einhorn Farrell, PC and Fessler Law, P.C.