We recently received a large monetary judgment for the full amount sought, plus penalties, interest and attorneys’ fees against a company alleged to have tortuously interfered with a contract to purchase a limousine and repair business.
The buyers agreed to make the majority of the payments pursuant to an installment note. However, before the majority of the payments were made, the companies went out of business and filed for bankruptcy protection, along with the guarantor. We alleged that the wife of the buyer to avoid having to make the payments for the acquisitions setup a new company with different owners and wrongfully caused the assets to be transferred. We successfully argued that the transaction was a sham and that new corporation had to know that the transaction would result in a default on the installment note obligations.