Oh, wow. Tobias Frere-Jones is suing his business partner Jonathan Hoefler over ownership of world-reknowned type foundry Hoefler & Frere-Jones.
Type designer Tobias Frere-Jones claims he has been cheated out of his half of the company by his business partner, Jonathan Hoefler. In a blistering lawsuit filed today in New York City, Frere-Jones says he was duped into transferring ownership of several fonts, including the world-famous Whitney, to Hoefler & Frere-Jones (HFJ) on the understanding that he would own 50% of the company.
“In the most profound treachery and sustained exploitation of friendship, trust and confidence, Hoefler accepted all of the benefits provided by Frere-Jones while repeatedly promising Frere-Jones that he would give him the agreed equity, only to refuse to do so when finally demanded,” the suit claims.
The full complaint is here. A descendant of Whitney (Whitney ScreenSmart) is what you’re reading right now and I was an early beta tester of H&FJ’s webfont service. This is gobsmacking news…I have no idea what to think about it. What a sad and strange situation. (via @khoi)
Update: H&FJ has released a statement from their general counsel:
Last week, designer Tobias Frere-Jones, a longtime employee of The Hoefler Type Foundry, Inc. (d/b/a “Hoefler & Frere-Jones”), decided to leave the company. With Tobias’s departure, the company founded by Jonathan Hoefler in 1989 will become known as Hoefler & Co.
Update: According to a document filed with the New York County Clerk, the matter between Hoefler and Frere-Jones “has been settled”. No other details are available at this time.