Texas Capital Securities Management, Inc. v. Sandefer

OPINION

Opinion by

Justice ROSS.

Thomas Buckley, Patrick Smetek, Thomas R. Reckling, IV, and Texas Capital Securities Management, Inc. (TCSM) (collectively Appellants) appeal the trial court’s granting of summary judgment in favor of J.D. Sandefer, III, and Stephen F. Smith (Appellees) on them claims under the Texas Securities Act. 1 Appellees sued Appellants for common-law fraud, statutory fraud, violation of the Texas Securities Act, and constructive fraud. Appellees nonsuited as to the fraud claims, leaving only the violation of the Texas Securities Act claim.

Appellants contend that the trial…