Kreutter v. McFadden Oil Corp.

OPINION OF THE COURT

Simons, J.

Plaintiff, a resident of Hamburg, New York, sought to invest *463in a Texas oil venture and for that purpose he delivered $70,000 to defendant Brian McFadden and Company, Inc., a Texas corporation which markets oil investments through its office in New York City. After various transfers involving defendants McFadden Oil Corporation and Harmony Drilling Company, Inc., both Texas corporations, and defendant Eugene Burch Downman, Jr., a Texas resident, McFadden Company eventually paid the balance of plaintiffs funds, after commissions, to defendant Harmony, supposedly…