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McCULLOCH v. VELEZ

No. 03-1562.

364 F.3d 1 (2004)

Kenneth McCULLOCH et al., Plaintiffs, Appellants, v. Norberto VÉLEZ, a/k/a Norberto Vélez Malavé, et al., Defendants, Appellees.

United States Court of Appeals, First Circuit.

Decided April 5, 2004.

Attorney(s) appearing for the Case

Kenneth McCulloch, with whom Ballard, Rosenberg, Golper & Savitt, Fernando L. Gallardo, and Woods & Woods LLP, were on brief, for appellants.

Robert Millan, for appellees.

Before TORRUELLA, SELYA, and LIPEZ, Circuit Judges.

SELYA, Circuit Judge.

This litigation has its genesis in a purchase and sale agreement (the P & S) executed on May 7, 1997. Under it, the sellers — plaintiff-appellant Kenneth McCulloch and two corporations wholly owned by him (Mandorico, Inc. and Tip Top Donuts, Inc.) — agreed to purvey, inter alia, a baked goods manufacturing business located in Puerto Rico and certain equipment associated therewith to Norberto...

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