Conteh

FACTS

As noted above, the factual background can be delved into at some length in our prior opinions. In brief, in its early days, African Wireless, Inc. (African Wireless 4 or AWN), a Delaware corporation, owned 60 percent of the Congolese entity Congolese Wireless Network SPRL (Congolese Wireless or CWN), while the other 40 percent was owned by Congolese entity Reseau des Telecommunications SARL (Resotel). Congolese Wireless obtained a license from the Congolese government to build and operate a cellular communications network. In 2000, Wymont and several individuals became minority shareholders. To cut to the chase, unhappiness among minority shareholders led to the Lindsey action, which ended in a default judgment against Conteh and related entities. Ultimately, however, the Lindsey plaintiffs were awarded 51 shares of Resotel and two shares of Congolese Wireless, the value of which were, for bond purposes, determined to be $93,293,067. The instant case addresses what occurred after the default judgment and the minority shareholders collection attempts. As we noted in Conteh I: “The Conteh entities allege that after the default judgment, Sandler and Wymont obtained an…