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PHILLIPS v. TERMNET OF NEW MEXICO, INC.

Nos. A02A1666, A02A1667.

580 S.E.2d 544 (2003)

260 Ga. App. 645

PHILLIPS v. TERMNET OF NEW MEXICO, INC. et al. TermNet of New Mexico, Inc. et al. v. Phillips.

Court of Appeals of Georgia.

Reconsiderations Denied March 6, 2003 and March 28, 2003.

Certiorari Denied June 9, 2003.

Certiorari Granted June 9, 2003.

Attorney(s) appearing for the Case

Carr, Tabb, Pope & Freeman, W. Pitts Carr, Atlanta, for appellant.

Freed & Berman, Gary S. Freed, Benjamin I. Fink, Atlanta, William J. Piercy, Jonathan A. Weintraub, Decatur, Kutak Rock, Gregory R. Crochet, Atlanta, Laura Sauriol-Gibris, for appellees.

JOHNSON, Presiding Judge.

Andrew Phillips and Kathryn Jill Phillips divorced in New Mexico in 1996. Under the terms of the divorce settlement, the company they owned, Integrated Transaction Services, Inc., would be sold upon court approval. The Phillipses entered into a stock purchase agreement to sell all of the shares of their business to TermNet Merchant Services, Inc. Kathryn Phillips was to receive $300,000 cash and...

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