Merrill Lynch Realty Associates, Inc. v. Burr
Merrill Lynch Realty Carll Burr, Inc. (MLRCB) and Merrill Lynch Realty Associates, Inc. (MLRA) sued Carll S. Burr III and other defendants over the use of the 'Burr' name in real estate. The dispute originated from a 1980 acquisition agreement and a subsequent employment contract with restrictive covenants. A previous settlement in 1984 also restricted Carll S. Burr III's use of the name. After MLRCB ceased using the 'Carll Burr' name, Carll S. Burr III established 'Carll Burr Realty'. The plaintiffs sought specific performance of the 1984 stipulation, damages, and a permanent injunction. The appellate court found that the lower court improvidently granted a preliminary injunction, citing sharply disputed facts regarding an alleged oral agreement to modify the contract and the plaintiffs' potential abandonment of the 'Burr' name. Additionally, the plaintiffs' sale of their real estate business undermined claims of irreparable injury, making preliminary injunctive relief unwarranted.