Illinois Court accuses Joy Nunn of, “double-deal

Illinois Court accuses Joy Nunn of, “double-dealing and other misdeeds,”.*

Joy Nunn, Global’s Chief Technology Officer involved in a Due Diligence Malpractice Suit was accused by the Illinois Court of Appeals of, “…double-dealing and other misdeeds…,”

The malpractice suit arose from Meriturn’s 2005 (friendly) takeover of Sustainable Solutions Inc., a startup that planned to recycle industrial waste into usable products. Banner was hired to conduct due diligence on patents critical to SSI’s business before pulling the trigger on the deal.

The firm mistakenly concluded that all of the patents at issue were owned by SSI, but, SSI’s prior owner, Joy Nunn did not own all of the patents in question. Joy Nunn was involved in what the Court stated was, “double-dealing and other misdeeds,”. One critical patent — the ‘179 patent — was actually owned by………
.
.
.

….wait for it…..
.
.
.
.
….wait for it………..
.
.
.
Nunn’s in-laws.

Giordano and Nunn, Global’s Co-Chairpersons (a matched set).

* For anyone interested in reading the entire case:
Meriturn Partners, et al. v. Banner and Witcoff Ltd.,
case number 1-13-1883, Illinois Appellate Court, First District.