Saturday, November 14, 2009

Kre-alkalyn Insieme Alc

Federal Judge overturned the sale of the newspaper Excelsior

Excelsior will be returned to their rightful owners

NOTIMEX
Mexico .- A federal judge invalidated the sale of the newspaper Excelsior Grupo Empresarial Angeles (Aerogea) occurred in 2006 and determined that the meeting at agreed to the transaction which was illegal, so I ordered the restitution of all property to the cooperative. 2
Judge Civil District in the Federal District, Refugio Ortega Marín, nullified the assembly of the Cooperative Society Limited held on January 23, 2006, at which agreed to sell media to that business group.
For several irregularities have been filed, the judge said "the absolute invalidity of the private contract of sale on 23 January 2006", whereby Excelsior Publishing Company, Cooperative Society Limited, sold the newspaper to Aerogea, Society anonymous Capital Variable ".
therefore also pointed to" declare the absolute invalidity "of the instrument 87 000 454 of the same date the protocol of Notary Public number 50 of the Federal District, Joaquín Talavera Sánchez, which contains the formalization of the contract.
88/2006 In the record the judge also quashed the appointment of Armando Heredia Suarez and Francisco Javier De Anda Herrera as proxies, delegates of the assembly of the cooperative settlement of Excelsior, held in the Assembly General Partner .
For this reason, the judge sentenced Heredia Herrera Suárez and De Anda accountable to the cooperative, for every legal acts and contracts have been concluded on the basis of the powers they had exercised in terms of its mandate, within 20 days.
A cooperative group demanded the sale proceeds of what was known as "The newspaper of national life," considering that the assemblies of the cooperative in which the transaction was agreed Aerogea Group were convened and developed without adherence to the law .
Among other resolutions of the federal judge nullified the transfer of rights under the brands owned by the cooperative Angeles Group agreed at the same meeting of January 23, 2006. Similarly
ordered restitution of rights under the brands owned by the cooperative and Reservation of Rights of Exclusive Use of Periodical Publications, owned by the cooperative, which were disposed of through sale-purchase contracts concluded during the meeting that was canceled.