Global Naps, Inc. v. Verizon New England, Inc.
For approximately a decade, Global NAPs, Inc. (GNAPs) had been engaged in litigation with Verizon New England, Inc. The dispute arose over access fees the companies owed each other. Verizon prevailed in the dispute in 2009, but the district court as of the date of this appeal was still overseeing a receivership sale to satisfy the judgment against GNAPs. In 2011, the district court entered a sale order authorizing the sale of assets to Quality Speaks, LLC. In 2012, the district court entered an order imposing an injunction against GNAPs' former principal, Frank Gangi, prohibiting Gangi from taking any action to interfere with the ability of the receiver to transfer purchased assets in connection with the sale, or to reduce the value of the purchased assets. Gangi appealed. The First Circuit Court of Appeals affirmed, holding that the injunction was plainly justified under longstanding equity principles. View "Global Naps, Inc. v. Verizon New England, Inc." on Justia Law