STF Equity Fund v. Prof. Interactive Entertainment
Plaintiff STF Equity Fund ("STF") and William H. Young, III ("Young") sued defendant Professional Interactive Entertainment, Inc. ("PIE") for breach of a warrant agreement. After a bench trial, the court entered judgment in favor of Young and ordered PIE, upon Young's election, to issue two percent of its outstanding stock to Young for the purchase price of $40,000. PIE appeals that judgment, contending that the trial court erred in misconstruing the terms of the agreement, and in enforcing PIE's obligations under the agreement even though conditions precedent to those obligations had not occurred. Finding no error, Court affirm.
Comments on STF Equity Fund v. Prof. Interactive Entertainment