July 1, 2014 Troy, OH – Klein, Tomb & Eberly, a law firm with offices in Troy and Vandalia, Ohio secured a judgment of $1,206,100 against Michael “Mick” Maag in a land fraud case. In a judgment entered in Guernsey County Common Pleas Court, the Court found Defendant Maag to have breached fiduciary duty intentionally misrepresenting the value of land in Guernsey. The dispute centered on Mr. Maag’s representations to the Plaintiff, the land at issue (approximately 184 acres) was to be sold as pasturage while purposely withholding information regarding the gas and oil development taking place in the region preceding the sale. While employed as the Plaintiff’s real estate agent, he advised Plaintiff to accept an offer to purchase the land far below actual value. Klein, Tomb & Eberly on behalf of their client alleged Maag failed to disclose to the Plaintiff his relationship with the buyer, current market demand due to oil, gas and mineral sales/leases among other lesser breaches of fiduciary duties while holding himself out as an expert in land development in the region.
The attorneys at Klein, Tomb & Eberly were pleased with the outcome. Attorney Jeremy Tomb who served as lead counsel in the litigation stated, “After lengthy litigation, we feel a sense of completeness finally securing this judgment against Mr. Maag.” Claims against another Co-Defendant were settled prior to any adjudication.
Klein, Tomb & Eberly has over 50 years of combined years of legal experience and can be found online at www.helpinohio.com or by calling 937-339-3939. Mr. Maag has filed an appeal through his attorney Carol Jackson.