Legal Opinion
Texas Capital Securities, Inc. v. Sandefer
Texas Court of Appeals, 1st District (Houston)
Decided July 26, 2001No. 01-99-01238-CVPublishedCited by 86 opinions
1Opinion of the Court
OPINION
WILSON, Justice.
Butch Ballow, stock promoter, and Texas Capital Securities, Inc., brokerage firm, appeal the jury’s finding that they made fraudulent misrepresentations to J.D. San-defer, III and Stephen F. Smith, appellees. Ballow and Texas Capital were found jointly and severally liable for the $859,063 purchase price of the stock, and the jury awarded $8 million dollars in punitive damages against Ballow. We affirm.
Background
Stephen N. Johnson, a stock broker with Texas Capital, met with Ballow to discuss Titan Resources, Inc. During the meeting, Johnson encouraged Ballow to invest…
2Cases cited35 opinions
- Baxter v. PalmigianoSupreme Court of the United States · 1976
- Transportation Insurance Co. v. MorielTexas Supreme Court · 1994
- Johnson & Higgins of Texas, Inc. v. Kenneco Energy, Inc.Texas Supreme Court · 1998
- Uniroyal Goodrich Tire Co. v. MartinezTexas Supreme Court · 1998
- T.O. Stanley Boot Co. v. Bank of El PasoTexas Supreme Court · 1993
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3Cited by86 opinions
- Oyster Creek Financial Corp. v. Richwood Investments II, Inc., Texas Court of Appeals, 1st District (Houston)2004
- In Re Enron Corp. Securities, Derivative & ERISA Lit.District Court, S.D. Texas · 2002
- Atlantic Lloyds Insurance Co. v. Butler, Texas Court of Appeals, 1st District (Houston)2004
- In Re Enron Corp. Sec., Derivative & ERISA Lit.District Court, S.D. Texas · 2003
- Nelson v. Najm, Texas Court of Appeals, 1st District (Houston)2003
81 more not listed; retrieve them via the Exa API.