Lawsuit against Equinox co-founder quadruples damages claims

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A lawsuit against one of the co-founders of a U.S.-based sports club has quadrupled in size, with a construction company now claiming more than $4 million is owed to it.

Giocondo DiPietro, the owner of DiDiepetro Construction Group, said the gym tycoon failed to pay an additional $3.5 million in equity for a second project he did for co-founder Vito Errico, updating two lawsuits filed last November with the Westchester Supreme Court in White Plains, New York, according to the New York Post. Though Errico paid the bare cost for labor and DiPietro provided his own equipment for free, Errico “knew he would never honor his end of the deal and instead planned on taking advantage of DiPietro by getting the value of the labor at less than true cost and the machinery for free and similarly not paying or transferring the equity,” the filing said.

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