Peter Fazio, Shari Fazio, and Eric Fazio v. Cypress/GR Houston I, L. P. Cypress/GR Houston, Inc. And Cypress Equities, Inc.

This is an appeal from a judgment notwithstanding the verdict (“JNOV”). Appellants, Peter Fazio, Shari Fazio, and Eric Fazio (collectively, “Fazio”) sued ap-pellees, Cypress/GR Houston I, L.P., Cypress/GR Houston, Inc., and Cypress Equities, Inc. (collectively, “Cypress”)1 for fraud and fraudulent inducement relating to a purchase agreement (the “Purchase Agreement”) for approximately nine acres of retail property with improvements consisting mainly of a Garden Ridge store (the “Property” or “the Garden Ridge store”). Fazio alleged that Cypress, as the seller, concealed material information…