ELYRIA — An old, unresolved tax dispute between Spitzer relatives regarding the sale of stock in Spitzer Great Lakes Ltd. Co. has landed in court.
J. Alan Spitzer, president and CEO of Spitzer Management, filed the lawsuit Friday against F. Adelbert Spitzer, of Dallas, seeking $158,583 that Alan Spitzer contends is owed to him.
Alan and Adelbert Spitzer are relatives, but Alan Spitzer’s attorney, Anthony Giardini, declined to specify how they are related.
The suit alleges that Adelbert Spitzer received $125,326 from Alan Spitzer for potential tax liabilities but that Adelbert Spitzer did not incur the liabilities, or, if he did, Alan Spitzer was entitled to return of the money.
The suit also alleges that Adelbert Spitzer received tax refunds of $3,709 and $29,548 as a result of his prior ownership of Spitzer Great Lakes stock, but he refused to pay Alan Spitzer.
The dispute dates to March 18, 1998, when Alan Spitzer agreed to purchase and Adelbert Spitzer agreed to sell stock in Spitzer Great Lake, according to documents attached to the lawsuit.
Alan Spitzer has asked for payment of the refunds and tax benefits or as an alternative a hearing before Richard Stovsky, an arbitrator for Price Waterhouse Coopers LLP.
Stovsky previously was retained to help settle the dispute and issued a March 15, 2002, order on the matter.
Adelbert Spitzer could not be reached for comment Friday.
The lawsuit was assigned to Common Pleas Judge James Burge.
Contact Cindy Leise at 329-7245 or email@example.com.