Citadel Investments, Inc. v. White Fox Inc., F/L/A The Jones Group

IN THE COURT OF APPEALS OF TENNESSEE AT NASHVILLE September 10, 2004 Session CITADEL INVESTMENTS, INC., v. WHITE FOX INCORPORATED, F/K/A THE JONES GROUP, ET AL. Appeal from the Chancery Court for Sumner County No. 2000C-314 Tom E. Gray, Chancellor No. M2003-00741-COA-R3-CV - Filed May 17, 2005 This is an action on a promissory note against two stockholders of a now insolvent closely-held corporation, who it is alleged, guaranteed payment of a note owed by the corporation. The alleged guarantee arises out of a stock purchase agreement. Liability hinges on the construction of the stock purchase…