C C Distributors, Inc. v. McConaghy, 01-6295 (2002)

DECISION

Before this Court is the appeal of C C Distributors, Inc., Copley Distributors, Inc., Charles Fradin, Inc., and Rhode Island Distributing Company ("appellants") from a decision of the Department of Business Regulation (DBR), granting a stock transfer between appellee Global Horizon, Inc. (Global) and appellee M.S. Walker, Inc. (Walker). The appellants argue that the Department of Business Regulation Hearing Officer committed error of law in approving the stock transfer. Jurisdiction is pursuant to R.I.G.L. 1956 § 42-35-15.

Facts/Travel

Global is a Rhode Island corporation, which holds a…