Langley v. Langley

PREWITT, Judge.

This appeal is from a judgment in favor of respondents on their “PETITION TO COMPEL SETTLEMENT”.

Appellants brought a suit against respondents “on behalf of themselves and any other stockholders that may be similarly situated”, seeking, among other things, the liquidation of Langley Farms, Inc. Following a pretrial conference on the morning of trial, the parties negotiated through their attorneys for approximately two hours and then the attorneys notified the judge that a settlement had been reached. No written agreement was made. With the parties and their attorneys present in…