Lawsuit alleges Rob Ford’s shares were improperly sold
The lawsuit alleges that Ford, as the trustee to Rob’s estate, sold Rob’s shares in the company against Renata’s wishes. It says the shares were sold to Randal Ford.
Ford, according to the statement of claim, “suggested that [Renata] sell to him Rob Ford’s 200 common shares of Deco Toronto. Doug Ford advised Renata Ford that owning the shares would just be stressful for her. Renata Ford declined that proposal.”
The statement of claim refers to the company Deco Adhesive Products as Deco Toronto, and Deco Labels and Tags as Deco Chicago.
It says Ford “entered into and completed an agreement with Randy Ford to sell 200 common shares of Deco Toronto, which had been owned by Rob Ford prior to his death and thereafter became a part of his Secondary Estate, to Randy Ford for a nominal purchase price of $1. The Deco Companies were reorganized into a new structure by which Randy Ford became the 100% owner of Deco Toronto, Doug Ford became the 100% owner of Deco Chicago.”