Vax Immune Leonard Weisman’s has been served a lawsuit on the heels of a prior lawsuit where his son-in-law, Joaquin Altenberg, was made liable to pay $1.72 million in legal fees for egregious fraud and misrepresentation with an additional $5,556,197 in damages according to JoaquinAltenberg.info. It is alleged that money was illegally transferred to Leonard Weisman.
The decision let stand findings by the vice-chancellor that proceedings against Joaquin Altenberg and Vert Solar Finance LLC “proved that Altenberg breached his fiduciary duty of loyalty” while managing a development fund — Vert Solar Fund I LLC — for midsized solar power projects. He also was found to have “engaged in self-interested transactions, and failed to prove that his actions were entirely fair.”
The 11th District Court in Harris County, Texas, entered an order (“Receivership Order”) in May of 2021 appointing Travis Vargo as a receiver to collect a judgment against Joaquin Altenberg. The Court further ordered Joaquin Altenberg to turn over all of his non-exempt assets and provided for a charging order requiring any limited liability company served with the Receivership Order to pay any distributions due to Altenberg to Mr. Vargo.
