Alexandria County Circuit Court May 22, 1981, Case No. (Chancery) 10619 (Atlantic Ocean Estates, Inc. v. Moten)

By JUDGE ALBERT H. GRENADIER

The Court has previously ruled that the purported assignment by John T. Moten to World Motor Hotel Chain, Inc., of 6250 shares of stock in Atlantic Ocean Estates, Inc., is invalid and that Mr. Moten is still the owner of those shares.

The parties have stipulated that Mr. Moten is entitled to receive from the plaintiff corporation the sum of $140,983.