Bayliss v. Cernock

. OPINION

ROBERTSON, Justice.

In this stockholders’ derivative action Geoffrey Bayliss, Donald Van Delinder, and Geochem Laboratories, Inc. alleged that Paul Cernock breached his fiduciary duty to Reservoirs, Inc. by issuing 3000 undervalued shares of its stock to himself and two directors of Reservoirs, Inc. The jury found Cernock breached his duty by issuing the undervalued stock and the trial court rendered judgment for the amount the stock was undervalued. In eighteen points of error Bayliss claims the trial court erred in (1) disregarding the answer to special issue number five concerning…