MARIA Verna Liza Sablan, through attorney Joseph Horey, has filed a complaint for declaratory and injunctive relief and damages against her former husband Conrad Muna Sablan in federal court.
Sablan Corporation, Sablan Enterprises Inc. and Sablan Construction Co. Ltd. were included as defendants in her lawsuit.
According to the lawsuit, on June 4, 2008, following a divorce proceeding, the Superior Court entered an order equitably dividing the parties’ marital property.
The court divided all the shares in the three corporations Conrad Sablan acquired during his marriage to Maria Sablan.
The shares were divided equally between Maria Sablan and Conrad Sablan, the lawsuit stated.
But since becoming a shareholder, Horey said, his client has received no notice of any shareholders’ meetings, no notice of any corporate elections, and no dividends or other share in any distribution of any profits or other funds from the three corporations.
Horey said his client, since 2008, owns 12,532 Sablan Corp. stocks; 750 stock shares of Sablan Enterprises; and 1,560 stock shares of Sablan Construction.
The lawyer said his client has never sold or transferred these shares of stocks in any way, and continues to own them to the present day.
But he said the three corporations are conducting their business, and have conducted their business on an ongoing and continuing basis from 2008 to the present, as if his client were not a shareholder, and did not exist.
“On information and belief, any and all profits, dividends, benefits and other funds from the corporations that should have gone to plaintiff have gone instead to Conrad Sablan,” Horey said.
The plaintiff sued the three corporations for breach of fiduciary duty, accounting, aiding and abetting and conspiracy.
She sued Conrad Sablan for unjust enrichment, conspiracy and conversion.
Maria Sablan is asking the federal court for a declaratory judgment finding that she is, and has been since the order of the Superior Court in Sablan v. Sablan, a shareholder of each of the three corporations, in at least the amount ordered by the local court in that case.
She also wants the federal court to issue a mandatory injunction requiring the defendants to provide her with all the rights, privileges, notices and funds to which a shareholder is entitled.
She is likewise seeking a mandatory injunction commanding the defendants to render an account to the plaintiff of their business dealings and asset management since the plaintiff acquired her shares, and render to her any balance found to be due to her.
Her lawsuit also demanded damages for emotional distress in an amount to be proven at trial.
