Val­vano sues to end fam­ily busi­ness ties

One of com­pa­nies in­volved was scene of big week­end fire.

The Times-Tribune - - Local - STAFF WRITER BY TERRIE MOR­GAN-BESECKER

A Scran­ton man who claims he has been shut out of sev­eral busi­nesses he owns with two fam­ily mem­bers filed a law­suit seek­ing to dis­solve their busi­ness re­la­tion­ship.

Gary A. Val­vano of Tif­fany Drive con­tends his neph­ews, James Val­vano and Rocco Val­vano Jr., have taken nu­mer­ous ac­tions with­out his in­put, caus­ing sev­eral cor­po­ra­tions the men share own­er­ship in to be­come un­prof­itable.

The law­suit, filed Tues­day in Lack­awanna County Court, comes four days af­ter one of James Val­vano’s com­pa­nies, TSE Inc. in Dick­son City, was hit by a mas­sive fire.

The blaze, which re­mains un­der in­ves­ti­ga­tion, started in a pile of construction ma­te­rial and then spread to a garage and sev­eral ve­hi­cles. Fire de­part­ments from sev­eral mu­nic­i­pal­i­ties bat­tled the fire for hours late Fri­day night into early Satur­day morn­ing.

The law­suit says Gary, James and Rocco Val­vano own sev­eral cor­po­ra­tions. Start­ing in 2013, James and Rocco Val­vano ex­cluded Gary Val­vano from all as­pects of the busi­nesses, the suit says.

The suit says James Val­vano in­vested in an­other com­pany with­out Gary Val­vano’s per­mis­sion and that James Val­vano also made nu­mer­ous pay­ments to TSE Inc., which he owns ex­clu­sively, from other com­pa­nies the men jointly own.

The suit asks a judge to en­ter an or­der dis­solv­ing the cor­po­ra­tions. At­tempts to reach James Val­vano and Rocco Val­vano were un­suc­cess­ful. Con­tact the writer: tbesecker@timessham­rock.com; 570-348-9137; @tmbeseck­erTT on Twit­ter

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