BALLENGER v. APPLIED DIGITAL SOLUTIONS, INC.

No. Civ.A.01-390 GMS.

189 F.Supp.2d 196 (2002)

John G. BALLENGER, Christopher J. Ballenger, Frederick M. Henschel, David M. Schaumburg, Michael K Gammill, Thomas M. Cuneo, Jacqueline M. Twaststijerna and Glenn J. Ballenger, Plaintiffs, v. APPLIED DIGITAL SOLUTIONS INC., a Missouri corporation, Computer Equity Corporation, a Delaware corporation, Richard J. Sullivan, David A. Loppert and David I. Beckett, Defendants.

United States District Court, D. Delaware.

January 31, 2002.


Attorney(s) appearing for the Case

Jesse A. Finkelstein, Richards, Layton & Finger, Wilmington, Delaware, for Plaintiffs.

P. Clarkson Collins, Jr., Morris, James, Hitchens & Williams, Wilmington, Delaware, for Defendants.


MEMORANDUM OPINION

SLEET, District Judge.

I. INTRODUCTION

The plaintiffs, John G. Ballenger et al., ("The Compec plaintiffs") were stockholders in the Compec Corporation. The Compec plaintiffs sold their shares to Applied Digital Solutions, Inc., ("ADSX"). The transaction required that the Compec plaintiffs be given unregistered ADSX shares in exchange for their Compec shares. ADSX promised to use its "best efforts" to register the...

Let's get started

Leagle.com

Welcome to the leading source of independent legal reporting
Sign on now to see your case.
Or view more than 10 million decisions and orders.

  • Updated daily.
  • Uncompromising quality.
  • Complete, Accurate, Current.

Listed below are the cases that are cited in this Featured Case. Click the citation to see the full text of the cited case. Citations are also linked in the body of the Featured Case.

Cited Cases

  • No Cases Found

Listed below are those cases in which this Featured Case is cited. Click on the case name to see the full text of the citing case.

Citing Cases