Sale of Crest Cadillac leads to dispute with former GM Kitzmiller over stock value

The sale three months ago of one of Middle Tennessee’s largest Cadillac dealerships has resulted in a lawsuit. Crest Cadillac has asked the Nashville Chancery Court to determine the shareholder value of its former president and general manager Michael Kitzmiller.

Crest was sold to Charlotte, N.C.-based Sonic Automotive (SAH) at the end of April. However, Kitzmiller and the new management could not agree on the value of Kitzmiller’s 15% interest in the dealership located at 2121 Metro Center Blvd.