Michael Horsey, a member of a family that owns a multi-million dollar business, has decided to ask the courts to place the firm into receivership to protect its assets.
The 54 year-old Horsey of Laurel has accused his parents and two younger brothers of forcing him out of David G. Horsey & Sons Incorporated real estate-development enterprise.
He claims that his family has manipulated the businesses to enrich themselves at his expense resulting, he said, in mismanagement of the company once valued at $84 million.
The patriarch David Horsey and his wife along with two sons deny they conspired to push Michael out of his share.
They claim that the tensions within the family reach back to 2001 and came to a head when Michael was fired in March of 2012 .
