Ambulance Firm Exec Sued

Siblings of Curtis Universal chief accuse him violating fiduciary duty


 
 

Guy Boulton | | Wednesday, November 26, 2008


MILWAUKEE -- The chief executive of Curtis Universal Inc., a private ambulance company that operates in Milwaukee and several other communities, is being sued by his two brothers, who accuse him of taking control of the company through self-dealing.

In a lawsuit filed in Milwaukee County Circuit Court, Michael Baker and Jon Baker contend that James Baker Jr. gained control of the company by violating his fiduciary duty as trustee for the trust that held Michael Baker's shares in Curtis Universal.

The two brothers, who live in Arizona, also claim that James Baker Jr. ignored their requests to look at the company's financial statements and other records.

James Baker Jr., who lives in Hartland, said he had not seen the lawsuit Monday and could not comment.

Curtis Universal, which employs more than 100 people, contracts to provide ambulance services. The company, which operates in Milwaukee, Dane and other counties, also provides private medical transportation services.

Before December 2006, the company was owned by James Baker Sr. and his three sons, according to the complaint filed Friday. James Baker Sr. owned 17%, James Baker Jr. and Jon Baker each owned 33% and Michael Baker owned 17% of the company.

Michael Baker's shares were held in the trust overseen by James Baker Jr.

The lawsuit alleges that on Dec. 27, 2006, James Baker Jr. as trustee agreed to sell the trust's shares to Curtis Universal for $33,000, the complaint says. The trust was paid $1,500 in cash and given a promissory note for $31,500.

Around the same time, James Baker Jr. agreed to buy 375 shares of Curtis Universal's shares for $33,000, increasing his stake in the company to 50%, the complaint says.

Michael Baker and Jon Baker contend they were never told of the transactions.

The lawsuit asks the court to appoint a receiver to run the company while it is dissolved.




Connect: Have a thought or feedback about this? Add your comment now
Related Topics: Leadership and Professionalism, Legal and Ethical

What's Your Take? Comment Now ...

Featured Careers & Jobs in EMS

 

 

 

 

 

 

 

 

 

Get JEMS in Your Inbox

 

Fire EMS Blogs


Blogger Browser

Today's Featured Posts

 

EMS Airway Clinic

The Evolution of Civilian High Threat Medical Guidelines

How mass killing events have proven a need for new guidelines.
More >

Multimedia Thumb

Ottawa Shooting, EMS Audio

Edited audio from the Parliament Hill incident.
Watch It >


Multimedia Thumb

Illinois Ambulance Service on Chopping Block

Peoria Heights EMS depends on property tax vote.
Watch It >


Multimedia Thumb

Kentucky Firefighters, Medics Drill for Ebola

Lexington firefighters and medics prepare for possible patients.
Watch It >


Multimedia Thumb

Mid-South EMTs Prepare for Ebola

Mid-South EMTs are certified for service.
Watch It >


Multimedia Thumb

Ottawa Shooting Incident

Solider is shot by gunman at national memorial in Ottawa.
More >


Multimedia Thumb

Life Link III Trauma Tactics Conference in Minnesota

Conference was designed to enhance the skills of providers of all levels, covering rescue and prehospital situations, to transport and in-hospital treatment.
More >


Multimedia Thumb

EMS Tailgating

Rigs converted for football.
More >


Multimedia Thumb

Field Bridge Xpress ePCR on iPad, Android, Kindle Fire

Sneak peek of customizable run forms & more.
Watch It >


Multimedia Thumb

LMA MAD Nasal™

Needle-free intranasal drug delivery.
Watch It >


Multimedia Thumb

The AmbuBus®, Bus Stretcher Conversion Kit - EMS Today 2013

AmbuBus®, Bus Stretcher all-hazards preparedness & response tool
Watch It >


More Product Videos >