for the purchase of her stock in Commercial Enterprises, Inc.
6. Plaintiffs are now suing for breach of contract and for an accounting.
Conclusions of Law
1. The plaintiffs have demonstrated a substantial likelihood they will succeed on the merits at trial. Defendants have outstanding contractual obligations which have not been satisfied.
2. Plaintiffs will sustain irreparable injury unless the defendants are enjoined from transferring the assets of the Red Door Lounge, Inc., since they have recourse to no other funds in satisfaction of their claims.
3. Little inconvenience will result to defendants and the public interest lies in preserving the assets of the defendants to satisfy this apparently valid claim.
4. The criteria for issuing a preliminary injunction have therefore been satisfied in this case. Virginia Petroleum Jobbers Association v. Federal Power Commission, 104 U.S.App.D.C. 106, 110, 259 F.2d 921, 925 (1958); see also A Quaker Action Group v. Hickel, U.S.App.D.C. (June 24, 1969).
Pursuant to these findings of fact and conclusions of law, it is ordered, adjudged and decreed, that:
1. Defendants Red Door Lounge, Inc., Frank Herring and Charles Bostic, their agents, servants, employees, attorneys and any persons in concert with them are restrained and enjoined from:
(a) removing, selling, or otherwise disposing of or transferring title to the furniture, furnishings, and equipment in and upon the premises occupied by the Red Door Lounge, Inc., except as set forth in paragraph 3 hereof;
(b) selling or otherwise transferring title to the capital stock of the Red Door Lounge, Inc., except as set forth in paragraph 3 hereof;
(c) selling or otherwise transferring title to the liquor license presently held by the Red Door Lounge, Inc., except as set forth in paragraph 3 hereof.
2. Defendants shall maintain the lease dated June 14, 1967, from Morris and Leon Robin, lessors, upon the premises 3530 Georgia Avenue, N.W., in the District of Columbia in current status, paying rent therefor when and as the same shall become due.
3. Conveyance of any of the items referred to in paragraphs 1 and 2 hereof may be made by the defendants with the written consent of the plaintiffs Hatcher and Stonestreet first had and obtained and filed herein.
4. Plaintiffs shall file herein an undertaking with surety approved by the Court in the sum of $1,000 to secure the defendants any damages they may suffer if wrongfully enjoined herein.
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