MEMORANDUM
MOTZ, Chief Judge.
Waste Systems International, Inc. ("WSI") is a solid waste management company. On December 24, 1998, WSI and Charles E. Howell, Jr. entered into a letter outlining the parties' intent to reach a definitive legal agreement whereby WSI was to purchase certain assets from Howell. The letter of intent required WSI to deposit $1,750,000 with W. Stevens Hidey.
On December 24, 1998, WSI, Howell, and Hidey executed an escrow...
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