It is son versus father in a contentious business litigation case

Joel Marcus lives in California and happens to be a real estate tycoon who is credited for creating biotech hubs of commercial science lab properties in various regions of the United States. He is founder of Alexandria Real Estate Equities, which has a current market value of approximately $14 billion. Marcus is also currently entangled in a bitter business litigation situation involving his son.

The younger Marcus lives abroad. In fact, he has been developing a new company of his own, which reportedly prompted Alexandria Real Estate Equities to file a lawsuit against him. The claim states that Steven Marcus misused his father's corporation name and logo to help promote a rival real estate company overseas.

Steven Marcus issued a public statement, saying he has never thought it appropriate for family members to sue each other. However, he has filed a counter lawsuit against his father's corporation because, he says, they came after him, so he is going to aggressively and vigorously protect his interests. The 40-year-old claims that he designed the logo and name for his father's company, and he also developed a new finance strategy for the corporation, for which he says he is owed $12 million.

An attorney speaking for the elder Marcus said this type of business litigation is quite common in the corporate world, and the fact that this particular situation involves family members is irrelevant. He also said the company intends to protect its assets as it would in any trademark infringement situation. Business disputes like this one can be quite complex, which is why most California business owners experiencing similar problems choose to rely on experienced legal support to help them protect their interests.

No Comments

Leave a comment
Comment Information
Set up an Initial Consultation »

Need Our Help?

Contact us today to set up an initial consultation with an attorney in Truckee, Sacramento, Reno, Tahoe City, South Lake Tahoe/Zephyr Cove, or Incline Village/Crystal Bay. We can be reached at 530-214-0385. Or send us an email.

Bold labels are required.

Contact Information

The use of the Internet or this form for communication with the firm or any individual member of the firm does not establish an attorney-client relationship. Confidential or time-sensitive information should not be sent through this form.


Privacy Policy

Office Locations – For an Appointment, Call 530-214-0385

Truckee Office
10280 Donner Pass Road
Truckee, CA 96161

Phone: 530-214-0385
Fax: 530-214-8158
Truckee Law Office Map

Sacramento Office
1830 15th Street
Suite 100
Sacramento, CA 95811

Phone: 530-214-0385
Fax: 916-848-3500
Map & Directions

Reno Office
527 S. Arlington Avenue
Reno, NV 89509

Phone: 530-214-0385
Fax: 775-201-1444
Map & Directions

South Lake Tahoe/Zephyr Cove
212 Elks Point Road
Suite 553
Zephyr Cove, NV 89448

Phone: 530-214-0385
Fax: 775-201-1444
Map & Directions

Incline Village/Crystal Bay
22 State Highway 28
Crystal Bay, NV 89402

Fax: 775-201-1444
Map & Directions

Truckee High Street Office
10343 High Street
Suite One
Truckee, CA 96161

Fax: 530-587-0707
Map & Directions