Dan Lowe, who co-founded RED Development in 1992, is suing his business partners Michael Ebert and Scott Rehorn, accusing them of unjustly enriching themselves to the detriment of the now Phoenix-based company and its owners.
Lowe stepped down as managing partner of RED Development in 2012, but continued to own a 14% stake that was worth about $62.9 million at the time. But the last personal financial statement he received from the company, for year-end 2017, showed the value of Lowe's interest…
Dan Lowe, who co-founded RED Development in 1992, is suing his business partners Michael Ebert and Scott Rehorn, accusing them of unjustly enriching themselves to the detriment of the now Phoenix-based company and its owners.
Lowe stepped down as managing partner of RED Development in 2012, but continued to own a 14% stake that was worth about $62.9 million at the time. But the last personal financial statement he received from the company, for year-end 2017, showed the value of Lowe's interest…