Teddy Ryan Edwards was also named as a defendant in the suit.
On April 27, 2015, Mary Lynn Ulch and Edwards formed SiSu Concierge Service and they each owned 50 percent of the company, according to a complaint filed in Monongalia Circuit Court.
Ulch claims on Dec. 2, 2015, she and Edwards purchased a 2010 Mercedes Benz GL-Class with the intent that the vehicle would be exclusively for SiSu’s concierge service.
The Mercedes was financed and titled jointly to “Mary Lynn Ulch or Teddy Ryan Edwards” and from the time the vehicle was purchased, the car payments were paid exclusively from SiSu’s account, according to the suit.
Ulch claims Edwards failed to obtain any business casualty and liability insurance for the appropriated business-releated use of the Mercedes, despite Edwards and SiSu treating the current insurance as a business expense.
Edwards’ personal use of the Mercedes has subjected the vehicle to unnecessary wear and tear, including damage to the hatch of the vehicle, decreasing the value of SiSu’s asset and incurring repair costs unassociated with the business use of the asset, according to the suit.
Ulch claims Edwards also committed acts of malfeasance and misfeasance and breached his fiduciary duty to Ulch and SiSu.
Edwards has accepted cash payments from clients of SiSu and failed to charge sales tax, exposing SiSu to liability for unpaid sales taxes and shielding income from SiSu and Ulch, according to the suit.
Ulch claims Edwards also misrepresented income warned by SiSu at her detriment and on April 18, Ulch agreed to make a personal loan to Edwards in the amount of $4,000 and he did not repay her.
Ulch is seeking a temporary restraining order enjoining Edwards from using the Mercedes for personal use and requiring SiSu to obtain proper liability insurance; and for the court to issue a judgment against Edwards in the amount of $4,000. She is being represented by Michael C. Vardi and Drew A. Proudfoot of Bowles Rice LLP.
Monongalia Circuit Court case number: 16-C-614