Zaycon lawsuit reveals former CEO's allegations of fraud and conspiracy
It isn’t yet clear why Spokane Valley-based Zaycon Foods LLC suspended its operations late last month, leaving customers feeling duped. But a legal fight stretching back more than a year between the food distribution company’s former CEO and its four managing members sheds light on issues and conflicts within the business.
Richard Braddock has sued Zaycon and its four managers, seeking $6.5 million in damages for what he alleges is fraud, lying, hiding of information and conspiring to have him fired as CEO.
On its website, Zaycon states it “has put forth monumental efforts to endure recent challenges but conditions are such that this suspension is necessary.”
The Seattle law firm Ryan, Swanson & Cleveland PLLC, which is representing Braddock, did not immediately return a call Thursday from The Spokesman-Review. Spokane-based Lee & Hayes PLLC, which is representing the defendants, did not respond to requests for a comment.
Read more: http://www.spokesman.com/stories/2018/jul/06/zaycon-lawsuit-reveals-allegations-of-fraud-and-co/
Braddock had been president and chief operating officer of Citicorp, which owns Citibank; the CEO of Priceline.com; and the CEO of FreshDirect.