Legal Opinion

Phillips v. ACS Municipal Brokers, Inc.

Texas Court of Appeals, 5th District (Dallas)

Decided October 14, 1994No. 05-94-00281-CVPublishedCited by 20 opinions

1Opinion of the Court

OPINION

MALONEY, Justice.

ACS Municipal Brokers, Inc. sued Scott Phillips, Marilyn Matthews, and Associated Bond Brokers, Inc. (collectively the Brokers), alleging breach of fiduciary duty and conversion of ACS’s “business enterprise” and business opportunities. The trial court denied the Brokers’ motion to stay litigation and compel arbitration. In three points of error, the Brokers contend that the trial court erred in denying their motion. 1 We affirm the trial court’s order.

FACTUAL BACKGROUND

Phillips and Matthews were managers, directors, and officers of ACS, a securities firm. They…

2Cases cited16 opinions

  1. Jack B. Anglin Co., Inc. v. TippsTexas Supreme Court · 1992
  2. Hearthshire Braeswood Plaza Ltd. Partners v. Bill Kelly Co.Court of Appeals of Texas · 1993
  3. Brazoria County v. KnutsonTexas Supreme Court · 1943
  4. Patten Securities Corp., Inc. v. Diamond Greyhound & Genetics, Inc.Court of Appeals for the Third Circuit · 1987
  5. Merrill Lynch v. Eddings, Texas Court of Appeals, 10th District (Waco)1992

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3Cited by20 opinions

  1. Halliburton Energy Servs., Inc. v. Ironshore Specialty Ins. Co.Court of Appeals for the Fifth Circuit · 2019
  2. Valero Energy Corp. v. Teco Pipeline Co., Texas Court of Appeals, 14th District (Houston)1999
  3. Certain Underwriters at Lloyd's of London v. Celebrity, Inc., Texas Court of Appeals, 12th District (Tyler)1996
  4. Monroe v. Frank, Texas Court of Appeals, 5th District (Dallas)1996
  5. ASW Allstate Painting & Construction Co. v. Lexington InsuranceCourt of Appeals for the Fifth Circuit · 1999

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