[DOWNLOAD] "Citicasters Co. v. Stop 26-Riverbend" by Mahoning County in the Court of Appeals Seventh District State of Ohio ~ Book PDF Kindle ePub Free
eBook details
- Title: Citicasters Co. v. Stop 26-Riverbend
- Author : Mahoning County in the Court of Appeals Seventh District State of Ohio
- Release Date : January 02, 2002
- Genre: Law,Books,Professional & Technical,
- Pages : * pages
- Size : 79 KB
Description
1. Defendants-appellants, Stop 26-Riverbend, Inc. (""Stop 26""), Esq. Communications, Inc. (""ESQ""), and attorney Percy Squire (""Squire""), appeal from a decision of the Mahoning County Common Pleas Court finding them in contempt of court. 2. The relationship between the parties here dates back to at least May 20, 1998 when plaintiff-appellee, Citicasters Co. 2 (""Citicasters""), and Stop 26 entered into an Assets Purchase Agreement (""APA""), whereby Stop 26 agreed to sell to Citicasters certain assets associated with the ownership and operation of a radio station now known as WBTJ, 101.9 FM (""the Station or 101.9""). 3 The studio for 101.9 is located in Youngstown, Ohio, and the transmitter site is owned by ESQ. Purportedly, there is substantial identity between the officers, directors, and shareholders of Stop 26 and ESQ. Under the APA, Stop 26 agreed to cause ESQ to convey ownership of the transmitter site to Citicasters. Pursuant to various promissory notes and amendments to the APA, Citicasters advanced to Stop 26 $1,725,000 of the $2,750,000 total purchase price. The advance was secured by a security interest on the Station's assets.