Cable v. O’Neill CA4/1
Denise Cable met O’Neill in approximately 2014 when he was a student in a scuba diving instructor class that she taught for Ocean Enterprises. At the time, Ocean Enterprise conducted three different types of business: a scuba gear retail store, which included service, rental, and instructional departments; military sales; and a travel division that took clients on scuba diving trips. Denise and O’Neill became work associates at Ocean Enterprises and friends. O’Neill also became friends with Denise’s husband, James.
In the summer of 2015, O’Neill expressed interest in purchasing the retail scuba gear rental portion of Ocean Enterprises. O’Neill loaned the owner of Ocean Enterprises, Werner Kurn, money to pay off some business debts while they discussed the potential sale.
The Cables considered investing in O’Neill’s purchase of the business.
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