Pakideh v. Ahadi

ORDER DENYING PLAINTIFF’S MOTION FOR RECONSIDERATION

DUGGAN, District Judge.

This controversy involves ownership rights in the Bahia Mar Resort and Convention Center on South Padre Island, Texas. Alma Investments, Inc., of which plaintiff Khalil Pakideh is the sole shareholder, director, and officer, currently owns one hundred percent of the Bahia Mar. 1 Defendant Abolhassan Ahadi, however, contends that he and plaintiff entered into an agreement by which plaintiff promised him the right to purchase a fifteen percent ownership interest in the Bahia Mar in exchange for defendant’s agreement to…