Cottingham v. Engler

LOONEY, Justice.

This appeal is from a judgment permanently enjoining appellants in the respects hereinafter disclosed. The material facts leading to the litigation are these: The I. Reinhardt & Son local insurance agency, in business in Dallas for fifty years prior to the transactions here involved, was owned ninety per cent, by the legal representatives of the estate of Chas. Tucker, who died in May, 1942, and ten per cent, by J. L. Cottingham. Effective September 1, 1942, the owners sold the agency to appellee; the contract of sale recited that, in consideration of $51,000 cash paid by…