California Court of Appeal

In a debt collection action that reached a settlement, under which defendant agreed to give plaintiff shares of defendant's stock in satisfaction of the debt and also provided a mechanism whereby plaintiff would receive additional shares if the value of defendant's stock decreased, and in which the trial court entered an order compelling defendant to issue stock to plaintiff, and prohibiting defendant from transferring stock to any third parties until the outstanding shares were transferred to plaintiff, the trial court's dismissal of defendant's appeal arguing that the trial court lacked authority to restrain it from transferring shares to third parties, is affirmed where dismissal is the appropriate remedy for defendant's flagrant disregard for the order which is the subject of this appeal.

Appellate Information

• Decided 06/30/2015
• Published 06/30/2015

Judges

• GRIMES

Court

• California Court of Appeal

Counsel