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LYNCH v. ASSET PROTECTION ASSOCIATES, INC.

85-889.

505 So.2d 344 (1987)

James C. LYNCH v. ASSET PROTECTION ASSOCIATES, INC., et al.

Supreme Court of Alabama.

March 27, 1987.

Attorney(s) appearing for the Case

Howell Roger Riggs, Jr., and John J. Callahan, Jr., Huntsville, for appellant.

Horace V. O'Neal, Jr., Victor L. Miller, Jr., and Gary C. Rigney, Birmingham, for appellees.

HOUSTON, Justice.

James C. Lynch filed this declaratory judgment action against Asset Protection Associates, Inc. ("Asset"), seeking to declare that Asset was without authority to invalidate the issuance of 25,000 shares of its common stock which were allegedly issued to him in exchange for the transfer of the ongoing business and contracts of his sole proprietorship. Lynch also sought preliminary and permanent injunctive...

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