Hidey v. Waste Systems International, Inc.
District Court, D. Maryland
1Opinion of the Court
MEMORANDUM
MOTZ, Chief Judge.
Waste Systems International, Inc. (“WSI”) is a solid waste management company. On December 24, 1998, WSI and Charles E. Howell, Jr. entered into a letter outlining the parties’ intent to reach a definitive legal agreement whereby WSI was to purchase certain assets from Howell. The letter of intent required WSI to deposit $1,750,000 with W. Stevens Hidey.
On December 24, 1998, WSI, Howell, and Hidey executed an escrow agreement pursuant to which Hidey was to hold WSI’s deposit until one of four things happened. If the parties entered into a definitive legal agreement…
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