In 1997, appellants James Brown and Reginald Simmons, alleged investors in WMLD radio station, learned that the station’s manager, Darrell Spann, was negotiating the sale of the station’s broadcast license. Appellants filed a petition for accounting and appointment of a receiver in the superior court, alleging that the corporation was being fraudulently and negligently managed. They also filed a motion for interlocutory injunction, seeking to enjoin the proposed sale on the ground that Spann did not have the authority to sell the license, a major asset of the corporation. Spann contends that appellants are not investors in the corporation and that he, not the corporation, is the sole owner of the broadcast license.
A hearing on the motion was held on June 30, 1998, at which time the trial court denied the motion for interlocutory injunction and ordered certain proceeds of the sale to be deposited in the court’s treasury. Appellants were also put on notice that the closing of the sale would take place between July 20 and August 5, 1998. Although appellants filed a notice of appeal, they never sought a supersedeas. *496 The closing took place on or about July 29, 1998.
*496
Because the injunctive relief sought by appellants cannot now be granted, we find this appeal must be dismissed on the ground of mootness.
Cotton v. First Nat. Bank of Gwinnett County,
Although appeals may be determined not to be moot even in the absence of a live controversy between the named parties, this is not such a case. See
Collins v. Lombard Corp.,
Therefore, in the absence of evidence that this appeal presents issues capable of repetition yet evading review or that appellants had insufficient time to obtain judicial relief for a claim common to an existing class, the appeal must be dismissed.
Appeal dismissed.
