Castleberry v. Branscum

721 S.W.2d 270 (1986)

Joe A. CASTLEBERRY, Petitioner,

v.

Byron BRANSCUM et al., Respondents.

No. C-4536.

Supreme Court of Texas.

July 2, 1986.

Rehearing Denied January 14, 1987.

Bill Liebbe, McKool & Vassalo, Dallas, for petitioner.

Allen R. Morris, Dallas, for respondents.

SPEARS, Justice.

Joe Castleberry sued Texan Transfer, Inc. and Byron Branscum and Michael Byboth, individually, on a promissory note signed by the corporation for Castleberry's shares in the closely held corporation. The jury found that Branscum and Byboth used Texan Transfer as a sham to perpetrate a fraud. Based on the jury…