HELEN S. BALICK, Bankruptcy Judge.
This is the court's decision on the objection of Motels of America, Inc. to the proof of claim (G-24) and proof of interest (G-25) filed by Grand Pacific Capital Corporation.
1. Background
A brief background will assist in understanding the claims and MOA's objections. In July 1987, MOA issued an offering placement memorandum concerning the issuance of preferred and common stock. With respect to 11% series...
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