Malakul v. Altech Arkansas, Inc.

Tom Glaze, Justice.

This case arises out of a partnership agreement between Mr. Malakul and Mr. Kusuma to develop fuel-alcohol plants. A corporation, Altech Arkansas, Inc. (Al-tech), was formed for carrying out the venture. Mr. and Mrs. Kusuma, individually and in behalf of Altech, filed suit in Johnson County Circuit Court against Mr. Malakul and his wife for fraudulently inducing the Kusumas to enter the aforementioned contract.1 The Kusumas alleged that the Malakuls refused to account for the monies the Kusumas invested in the parties’ venture. They sought the return of their monies and…