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ONE-O-ONE ENTERPRISES, INC. v. CARUSO

Civ. A. No. 86-1959.

668 F.Supp. 693 (1987)

ONE-O-ONE ENTERPRISES, INC., et al., Plaintiffs, v. Richard E. CARUSO, et al., Defendants.

United States District Court, District of Columbia.

August 31, 1987.

Attorney(s) appearing for the Case

Allan S. Hoffman and Samuel H. Seymour, Washington, D.C., for plaintiffs.

Michael A. Schlanger, Jeffrey F. Liss and Stephen R. Mysliwiec, Washington, D.C., for defendants.

CHARLES R. RICHEY, District Judge.

I. INTRODUCTION.

This case arises out of an agreement between defendants, who owned over 70 Rustler Steak Houses, and plaintiffs, who owned 39 debt-ridden Ponderosa Steak Houses. Pursuant to the agreement, plaintiffs sold ten Ponderosas to defendants, converted 25 of their remaining 29 Ponderosas to Rustlers and gave defendants an option to purchase plaintiffs' 25 Rustlers....

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