Legal Opinion
Wingate v. Hajdik
Texas Supreme Court
Decided October 24, 1990No. C-7880PublishedCited by 186 opinions
1Opinion of the Court
OPINION
HECHT, Justice.
This is an action by the sole shareholder of a corporation against a former shareholder for fraud, breach of fiduciary duty, and misappropriation of assets. The trial court found for the plaintiff on all theories and awarded actual and punitive damages. The court of appeals reversed and remanded the case for a new trial. 753 S.W.2d 199. The principal issue before us is whether a shareholder can properly recover damages individually for injury to the corporation. We hold that he cannot. Accordingly, we affirm the judgment of the court of appeals.
I
When George Wingate and…
2Cases cited10 opinions
- Commonwealth v. DavisTexas Supreme Court · 1942
- Pledger v. SchoellkopfTexas Supreme Court · 1988
- Empire Life Insurance Company of America v. Valdak CorporationCourt of Appeals for the Fifth Circuit · 1972
- Victor Schaffer v. Universal Rundle Corporation, Universal Rundle Corporation v. Victor SchafferCourt of Appeals for the Fifth Circuit · 1968
- Stinnett v. Paramount-Famous Lasky Corp. of New YorkTexas Commission of Appeals · 1931
5 more not listed; retrieve them via the Exa API.
3Cited by186 opinions
- Murphy v. CampbellTexas Supreme Court · 1998
- Lee C. Ritchie v. Ann Caldwell Rupe, as Trustee for the Dallas Gordon Rupe, III 1995 Family TrustTexas Supreme Court · 2014
- Greenberg Traurig of New York, P.C. v. Moody, Texas Court of Appeals, 14th District (Houston)2005
- Kutch v. Del Mar College, Texas Court of Appeals, 13th District1992
- Nauslar v. Coors Brewing Co., Texas Court of Appeals, 5th District (Dallas)2005
181 more not listed; retrieve them via the Exa API.