Basic Capital Management, Inc. v. Dynex Commercial, Inc.

OPINION ON REMAND

Opinion By

Justice MOSELEY.

Appellants sued appellees for damages resulting from the alleged breach of a commitment to provide financing totalling $160 million for future real estate investments (the “Commitment”) and for failing to advance funds under three promissory notes (the “New Orleans Loans”). The trial court granted appellees’ motion for judgment notwithstanding the jury’s verdict.

This is the second time this case has been before the Court. In the first appeal, we determined that appellants American Realty Trust,. Inc. (ART) and Transcontinental Realty Investors, Inc.…