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The owners of a radio station in the Outer Banks of North Carolina were sued by much wealthier equity partners. The concern was that the wealthy partners would affect a dissolution resulting in a liquidation sale by the courts. At such a sale the wealthy equity partners would have been in a position to buy all of the assets at bargain prices; and to thereby oust the original owners. Michael Weisberg, on behalf of the original owners, was able to keep the equity partners at bay; and out of the day-to-day operations for such a long period of time that a sale, on very favorable terms, was effected between the parties.
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