Smith v. Drake Enterprises, Inc. ex rel. McWilliams

|gThe plaintiffs appeal a judgment of the trial court granting the defendant’s motion *367for summary judgment that declared a November 9, 2006 judgment in favor of the plaintiffs null and void. For the following reasons, we affirm.

FACTUAL AND PROCEDURAL HISTORY

The defendant, Drake Enterprises, Inc., through its liquidator, Monty McWilliams (Drake), is a Louisiana corporation formed in 1998 and domiciled in East Baton Rouge Parish. In 1998, Drake entered into an Investors Licensing Agreement (the Agreement) with Larry D. Nelson and Chris Blalock. Blalock subsequently sold his interest to Lloyd…