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Business Law Appellate Court Opinion

by Booth, George


AC43027 - Wittman v. Intense Movers, Inc. (Corporate dissolution; breach of fiduciary duty; notice to purchase shares of company pursuant to statute (ยง 33-900 (b)); motion to enforce settlement agreement; "The self-represented defendants, Alexander Leute and William R. Leute III, appeal from the judgment of the trial court enforcing a signed memorandum of understanding as supplemented by an unsigned settlement document with its attachments (jointly, settlement agreement) made between the defendants and the plaintiffs, Matthew Wittman and Carol Wittman, regarding the defendants' purchase of the plaintiffs' shares of stock in Intense Movers, Inc. (company). On appeal, the defendants claim that the trial court erred in granting the plaintiffs' motion to enforce the settlement agreement because the defendants' ability to obtain third-party financing to fund the purchase of the plaintiffs' shares was a contingency of the settlement agreement. We affirm the judgment of the trial court.")