Thompson v. Hambrick

BATEMAN, Justice.

The appellants were the minority shareholders, and appellees were the majority shareholders, in the American Bank and Trust of Irving, Texas, which was organized in early 1969. The appellants were plaintiffs in the trial court and now appeal from a take-nothing summary judgment. The parties will be designated as they were in the trial court.

Plaintiffs’ first claim for relief is that the defendants, owning the majority of the shares of stock, and hence__control, of the bank, sold their shares to Dr. B. J. Case and B. M. Grantland at a price nearly twice its market value, in…