Leck v. Pugh

OPINION

McDONALD, Justice.

This is an appeal by defendant (and cross plaintiff) Leek from the trial court’s order to liquidate the assets of Kenedco, Inc., a Texas Corporation. Pugh (plaintiff and cross defendant) and Leek are the sole shareholders and directors of the corporation each owning 50% of the stock.

Since 1972 when Leek and Pugh incorporated Kenedco, Inc., the parties have been continually involved in litigation. See: Cleburne National Bank v. Kenedco, Inc., CCA (Waco) NRE, 547 S.W.2d 67, and Pugh, et al. v. Leek, CCA (Waco) NRE, 604 S.W.2d 283 (Certiorari Denied U.S.Sup.Ct.).

The…