Legal Opinion
Hamed ex rel. Hamed v. Yusuf
Superior Court of The Virgin Islands
Decided July 22, 2014No. Civil No. SX-12-CV-370Published
1Opinion of the CourtBrady, Judge
MEMORANDUM OPINION
(July 22, 2014)
THIS MATTER is before the Court on Defendant/counterclaimant Fathi Yusuf’s Motion to Nullify Plessen Enterprises, Inc.’s Board Resolutions, to Avoid Acts Taken Pursuant to those Resolutions and to Appoint Receiver and Brief in Support (“Motion”), filed May 20, 2014; *41and Plaintiff’s Opposition, filed May 27, 2014. For the reasons that follow, Defendant’s Motion will be denied.
FACTUAL BACKGROUND
Plessen Enterprises, Inc. (“Plessen”) is a closely held corporation jointly and equally owned by the Hamed and Yusuf families. Motion, at l.1 Plessen owns various assets,…
2Cases cited12 opinions
- Sinclair Oil Corporation v. LevienSupreme Court of Delaware · 1971
- United States v. ByrumSupreme Court of the United States · 1972
- Singer v. Magnavox Co.Supreme Court of Delaware · 1977
- Official Committee of Unsecured Creditors of Fedders North America, Inc. Ex Rel. Debtors' Estates v. Goldman Sachs Credit Partners L.P. (In Re Fedders North America, Inc.)United States Bankruptcy Court, D. Delaware · 2009
- Reifsnyder v. Pittsburgh Outdoor Advertising Co.Supreme Court of Pennsylvania · 1959
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