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Sale Proceeds – Satisfaction of Judgment

By: Derek Hawkins//February 2, 2017//

Sale Proceeds – Satisfaction of Judgment

By: Derek Hawkins//February 2, 2017//

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WI Court of Appeals – District IV

Case Name: Howard C. Nelson et al v. Nancy Furrer, et al

Case No.: 2016AP38

Officials: Kloppenburg, P.J., Sherman and Blanchard, JJ

Focus: Sale Proceeds – Satisfaction of Judgment

Steven O’Connor appeals the circuit court’s decision and order directing the distribution of the proceeds of a sale of real property, and the court’s subsequent order denying his motion for reconsideration. In its first decision and order, the circuit court ordered that those proceeds be distributed to plaintiffs Hyrad Corporation and Howard Nelson to satisfy a 2010 judgment requiring Hyrad to pay attorney’s fees and costs to Boardman Law Firm, which successfully represented Hyrad and Nelson in this shareholder derivative action. O’Connor contends that those proceeds should instead be distributed to him to satisfy a 2012 judgment that he obtained in a separate action. The 2012 judgment ordered Hyrad to pay attorney’s fees to O’Connor, who represented the defendants in this shareholder derivative action. For the reasons stated, we affirm.

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Attorney Derek A. Hawkins is the managing partner at Hawkins Law Offices LLC, where he heads up the firm’s startup law practice. He specializes in business formation, corporate governance, intellectual property protection, private equity and venture capital funding and mergers & acquisitions. Check out the website at www.hawkins-lawoffices.com or contact them at 262-737-8825.

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