The agreement ends a lengthy legal odyssey that turned would-be restaurant partners into rival litigants
The owners of the Chicago Chop House have agreed to pay an undisclosed amount to Chicago real estate developer Sean Conlon for allegedly cutting him out of their 2017 purchase after a previous $5.9 million deal to buy the iconic River North steakhouse was terminated.
The deal was structured to give Martin and McCahill a two-thirds stake, with Martin supplying the capital and McCahill operating the restaurant. Wexford would own one-third of the Chop House as a finder’s fee for “bringing the deal” to Martin and McCahill, according to court filings. Martin O’Hara, an attorney representing Martin, McCahill and Chop Hospitality, declined to comment on the settlement agreement.
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