Qantum Wins Right To Buy WTKE
February 23, 2007 at 5:46 AM (PT)
A federal judge in MIAMI has given QANTUM COMMUNICATIONS the right to buy a radio station after emails revealed that the station's owner lied about trying to sell the station to a rival bidder.
THE NEW YORK LAW JOURNAL reports U.S. District Judge JOSE E. MARTINEZ granted plaintiff QANTUM's motion for summary judgment, giving the firm the right to purchase WTKE/FT. WALTON BEACH for $3 million.
In a strongly worded order, MARTINEZ also found that defendants RONALD HALE SR. and FLORIDA-based STAR BROADCASTING breached the sales contract and misled the court. MARTINEZ said, "This court finds that there is clear and convincing evidence of a pattern of serious misconduct on the part of the defendants during the course of this litigation."