Chapter 10 - Susan’s Brother Wanted Lily’s Shares
Thomas Keller worked for Northbridge Capital, the private equity firm
trying to buy Mercer Design Group.
The acquisition required enough shareholder approval to proceed.
Lily’s trust held 22 percent.
David controlled its vote as trustee.
He opposed the current offer because he believed it undervalued the
company and threatened employees.
If he were removed as trustee, an independent replacement could
potentially be pressured with arguments that selling was financially
prudent for Lily.
That did not guarantee Northbridge would win.
But it removed David’s vote.
Rebecca found emails between Rachel and Thomas.
Rachel had shared private information about David’s travel, marriage,
and trust.
Thomas promised nothing explicitly illegal.
But one message stood out:
If David is no longer controlling the Mercer block, the transaction
becomes possible.
Rachel had not been trying merely to take the house.
She had been helping create circumstances that could change control of
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Lily’s shares.
And she had planned to use a seven-year-old child to do it.
