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IN THE UNITED STATES DISTRICT COURT FOR THE DISTRICT OF MARYLAND SPINCYCLE, INC. : : v. :Civil Action No. DKC 2000-1190 : BURCIN KALENDER : MEMORANDUM OPINION Presently pending and ready for resolution in this breach of contract action is Defendant's motion for summary judgment as to Counts II, III, VI, and VIII. The issues are fully briefed and the

court now rules pursuant to Local Rule 105.6, no hearing being deemed necessary. For the reasons that follow, Defendant's motion

for summary judgment is denied. I. Background This claim arises out of the sale of four laundromats from Burcin Kalender to SpinCycle, Inc. On September 30, 1998,

SpinCycle and Kalender entered into an Asset Purchase Agreement (the "Agreement") for the sale of four laundromats located at: 1) 3250 Pennsylvania Ave., S.W., Washington, D.C. ("Store 251"); 2) 5937 Central Avenue, Capital Heights, Maryland ("Store 252"); 3) 5247 Marlboro Pike, Capital Heights, Maryland ("Store 253"); and 4) 5001 Marlboro Pike, Capital Heights, Maryland ("Store 254") (collectively the "Stores"). $2,750,000. The sale price in the Agreement was

SpinCycle contends that this figure was a multiple of

what it believed was the combined historical cash flow of the

Stores.

Amended Complaint

Download Spincycle, Inc. v. Burcin Kalender.pdf

Maryland Law