ThinkEquity Partners, LLC v. Datatel, Inc.

ThinkEquity Partners, LLC v. Datatel, Inc.

more+
less-

The issue raised by this Motion for Summary Judgment is whether the transfer of a controlling block of shares in defendant Datatel, Inc. constitute a “Sale Transaction” within the meaning of a contract, which required defendant Datatel, Inc. to pay Plaintiff ThinkEquity, LLC 3/4% of the sale price of the company upon the consumation of a "Sale Transaction." The motion specifically addresses the distinction, or lack thereof, between the terms "voting control" and "50% or more of the voting power" of a corporation.


LOADING PDF: If there are any problems, click here to download the file.

Published In: Commercial Law & Contracts Updates

Reference Info: Legal Memoranda: Motions for Summary Judgment/Adjudication | Federal, 9th Circuit, California | United States

DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

© MBV Law LLP | Attorney Advertising

×

Expand Your Reach

JD Supra gets your content noticed, increases your visibility and makes your marketing efforts hassle free...

Learn More  or  Schedule a demo