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IN RE COASTAL CABLE T.V., INC.

C.A. No. 83-0432 S.

43 B.R. 770 (1984)

In re COASTAL CABLE T.V., INC., Debtor. Gerald CONNELL, Robert Doorley, Robert L. Gordon, James Canning, Joseph Caranci, and Sidney Desotnek, Plaintiffs, and James M. Hook, Plaintiff-Intervenor, v. COASTAL CABLE T.V., INC., Berkshire Cable Television Co., Inc., Paul E. Burke, George L. Sisson, Jr., Leonard Rubin, and James E. Macdonald, Defendants, and George Newbury, Additional Defendant.

United States District Court, D. Rhode Island.

October 19, 1984.

Attorney(s) appearing for the Case

Hinckley & Allen, Michael P. DeFanti, Robert C. Corrente, Gerald J. Petros, Providence, R.I., for plaintiffs Gerald Connell et al.

Peter F. Dow, Boston, Mass., Michael A. DeSisto, Providence, R.I., for plaintiff-intervenor James M. Hook.

Edwards & Angell, Providence, R.I., E. Colby Cameron, Joseph Cavanagh, Jr., Cain, Hibbard, Myers & Cook, Frederick M. Myers, John F. Rogers, Ronald E. Oliveira, Pittsfield, Mass., for defendants Berkshire Cable Television Co., Inc. and James E. Macdonald, Jr.

Zietz, Mittleman & Webster, Richard S. Mittleman, Peter G. Berman, Mortyn Zietz, Providence, R.I., for debtor-defendant Coastal Cable T.V., Inc.

Letts, Quinn & Licht, Frank Licht, Daniel J. Murray, Providence, R.I., for defendant Paul E. Burke.

DiSandro-Smith & Associates, P.C., Z. Hershel Smith, Providence, R.I., for defendant George Newbury.

Tillinghast, Collins & Graham, Robert P. McGarry, Brian J. Spero, Providence, R.I., for defendant George L. Sisson, Jr.

John Kenney, Peacedale, R.I., for defendant James E. Macdonald.

OPINION

SELYA, District Judge.

This case comprises a salmagundi of questions relating to the ownership of original issue stock in Coastal Cable T.V., Inc. (Coastal), a Rhode Island corporation, and to the validity of the sequential transfers of ninety percent of Coastal's issued and outstanding shares by Paul E. Burke to George L. Sisson, Jr., and thereafter by Sisson to Berkshire Cable Television Co., Inc. (Berkshire). This court's jurisdiction derives...

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