Legal Opinion

Basic Capital Management v. Dynex Commercial, Inc.

Texas Court of Appeals, 5th District (Dallas)

Decided February 22, 2008No. 05-04-01358-CVPublishedCited by 17 opinions

1Opinion of the Court

OPINION

Opinion by

Justice MOSELEY.

Basic Capital Management, Inc. (BCM), American Realty Trust, Inc. (ART), Transcontinental Realty Investors, Inc. (TCI/CMET), 1 Continental Poydras Corp. (Poydras), Continental Common, Inc. (Common), and Continental Baronne, Inc. (Baronne), among others, sued Dynex Commercial, Inc., Dynex Capital, Inc., and others alleging breach of a $160 million loan commitment (the $160 Million Commitment) and breach of three promissory notes secured by commercial buildings in New Orleans (the New Orleans Loans). 2 A jury awarded appellants damages on these breach of…

2Cases cited36 opinions

  1. Formosa Plastics Corp. USA v. Presidio Engineers and Contractors, Inc.Texas Supreme Court · 1998
  2. Arthur Andersen & Co. v. Perry Equipment Corp.Texas Supreme Court · 1997
  3. Johnson & Higgins of Texas, Inc. v. Kenneco Energy, Inc.Texas Supreme Court · 1998
  4. MCI Telecommunications Corp. v. Texas Utilities Electric Co.Texas Supreme Court · 1999
  5. Keetch v. Kroger Co.Texas Supreme Court · 1992

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3Cited by17 opinions

  1. Basic Capital Management, Inc. v. Dynex Commercial, Inc.Texas Supreme Court · 2011
  2. Sanders v. Total Heat & Air, Inc., Texas Court of Appeals, 5th District (Dallas)2008
  3. Lesieur v. Fryar, Texas Court of Appeals, 4th District (San Antonio)2010
  4. Elijah Ragira/Vip Lodging Group, Inc. v. Vip Lodging Group, Inc., Texas Court of Appeals, 8th District (El Paso)2009
  5. Basic Capital Management, Inc. v. Dynex Commercial, Inc., Texas Court of Appeals, 5th District (Dallas)2013

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