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LEDFORD v. PEEPLES

No. 06-10715.

568 F.3d 1258 (2009)

Jimmy LEDFORD, Larry O'Dell, Bryan Walker, Dynavision Group LLC, Signature Leasing, LLC, Plaintiffs-Appellants Cross-Appellees, v. Shelby PEEPLES, Jr., PFLC, LLC, Internal Management, Inc., Defendants-Appellees Cross-Appellants.

United States Court of Appeals, Eleventh Circuit.

May 22, 2009.

Attorney(s) appearing for the Case

H. Lamar Mixson, David G.H. Brackett, Bondurant, Mixson & Elmore, LLP, Atlanta, GA, for Plaintiffs-Appellants Cross-Appellees.

Richard H. Sinkfield, Catherine M. Bennett, Shara Garwood Sanders, Rogers & Hardin, LLP, Atlanta, GA, for Defendants-Appellees Cross-Appellants.

Before EDMONDSON, Chief Judge, and TJOFLAT and GIBSON, Circuit Judges.

TJOFLAT, Circuit Judge:

In this case, two parties, X and Y, each owned a fifty percent interest in a limited liability company that manufactured and sold carpets. X provided the financing; Y ran the company and marketed its product. The parties had a buy-sell agreement that enabled either party to buy out the other at any time by offering to purchase the other's interest in the company at a set price. After receiving an offer, the offeree would have thirty days in...

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