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If there’s one thing Russell Budd doesn’t appear to need right now, it’s a suit filed by a disgruntled Baron & Budd shareholder over a compensation agreement. Budd, the majority shareholder in the Dallas-based firm, already is doing battle in a Dallas court with firm founder and former shareholder Fred Baron and former shareholder Lisa Blue, Baron’s wife. The couple filed Baron, et al. v. Baron & Budd P.C., et al. in August 2006, alleging that Budd, the firm and others conspired to deny them payments under a series of complex agreements that resulted in the sale of their equity interest in the firm to Budd.

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