Victor G. Putaturo v. Roy E. Crook, Jr., Individually and D/B/A Roy Crook and Sons, Inc., and Roy Crook and Sons, Inc.

This appeal arises from a judgment entered against Roy Crook and Roy Crook & Sons, Inc. and in favor of Victor G. Putaturo in the United States District Court for the Southern District of Texas. The suit involves the purchase and operation of a vessel, the M/V T KIP IV, by Crook and his corporation. The cause was tried by a jury and in a special verdict the jury found as follows: Crook and Putaturo had agreed to purchase the vessel together, and had agreed that Crook would take title to the vessel in his own name only until a Texas corporation (of which Crook and Putaturo each would own 50%)…