Rosenbloom v. Integrated Security Systems, Inc.

By Judge R. Terrence Ney

This matter came before the Court on Plaintiffs’ Rosenbloom et al. Demurrer to the Amended Answer. After oral argument, the Court took under advisement the Plaintiff’s motion to strike the Defendant’s affirmative defense of recoupment.

Facts

On September 5,2003, the parties entered into an Agreement and Plan of Merger (“Agreement”). Pursuant to the Agreement, the owner and directors of ARMR Services Corporation (“Rosenblooms”) sold the capital stock of their company to Integrated Security Systems, Inc. (“ISSI”) in exchange for compensation described in Section 2.2.1 of…