Kaonohi Ohana, Ltd. v. Sutherland (In re Kaonohi Ohana, Ltd.)
Court of Appeals for the Ninth Circuit
1Opinion of the Court
JAMES R. BROWNING, Circuit Judge:
These consolidated appeals arise out of a complex web of litigation pitting Nancy Sutherland and assignees against Sylvester Stallone and Kaonohi Ohana, Ltd., a creditor’s corporation that sold the same parcel of Hawaiian beach front property first to Sutherland, then to Stallone.
I
After agreeing to sell 5.5 acres of shoreline property on the island of Kauai to Sutherland, Kaonohi accepted a higher offer from Stallone on the theory that the prior agreement with Sutherland was not binding because not approved by three quarters of Kaonohi’s stockholders, as…
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- Algeran, Inc. v. Advance Ross Corp.Court of Appeals for the Ninth Circuit · 1985
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