The parties plan to issue a joint statement announcing the deal, but Deadman said he could not discuss its terms.
Jason Davis, a lawyer representing the plaintiffs, didn’t immediately respond to an email seeking comment. Jack Braha no longer appears on Fulcrum’s website as a member of the firm’s team and has been removed as “partner emeritus.”
Deadman declined to address whether Jack Braha will continue in the business on his own or if the brothers are splitting up assets.
The dispute erupted in April when Steve Braha, a co-founder of Fulcrum, Benjamin Dreszer, the company’s president, and the Fulcrum companies sued Jack Braha, Steve Braha’s brother and fellow co-founder. They accused him of concealing transactions, disclosing confidential company information and damaging relationships with investors, lenders and business partners, and sought to remove him from any role in managing the companies.
Jack Braha denied the allegations and responded with a countersuit accusing his brother and Dreszer of steering Fulcrum away from its traditional retail and office focus, attempting to sell company assets without proper approval and misrepresenting the firm’s development experience.
Jack Braha also alleged his brother used company funds to cover personal expenses. His suit sought to remove Steve Braha and Dreszer from management and divide oversight of Fulcrum’s projects between the opposing sides.
Fulcrum develops mixed-use retail, restaurant and office projects across San Antonio. Its portfolio includes Bulverde Marketplace on the North Side, Alon Town Centre on Northwest Military Highway and Landmark Centre at Interstate 10 and Loop 1604.
The company is also working with GrayStreet Partners on Broadway East, a major mixed-use development near Pearl that is expected to include retail, restaurant, hotel and residential components.
Madison Iszler contributed to this report.
