Hernandez v. Del Ray Chemical International, Inc.

OPINION

SEARS, Justice (Assigned).

Del Ray Chemical International, Inc. (“International”) sued its majority shareholder, George Hernandez, and his wholly owned company, Del Ray Chemical, Inc. (Chemical) for appropriating assets belonging to International. In this appeal, the only question we must decide is whether International’s claims are barred by the doctrine of res judicata. Because we find that the assets at issue in this appeal, a promissory note and realty, were not previously the subject of litigation between the parties, we affirm the judgment of the trial court.

BACKGROUND

George…