AL-Taie v. CBS Corporation

BARBARA M. G. LYNN, CHIEF JUDGE

Before the Court is the Motion for Partial Summary Judgment (ECF No. 30), filed by the Special Receiver. For the following reasons, the Motion is DENIED.

I. Background

The Ticket Reserve, Inc. ("TTR") developed software to allow sports fans of particular teams to purchase options for tickets to major sporting events such as play-offs or final games so that, if their team was involved, the sports fans could buy tickets to that sporting event. (ECF No. 1 ¶ 7). In March of 2007, Defendant CBS

*456Corporation paid $ 8,400,000 for 10,000,000 shares of TTR preferred stock.…