Fiduciary Financial Services of the Southwest, Inc. v. Corilant Financial, L.P.

OPINION

Opinion By Justice MARTIN RICHTER.

Corilant Financial, L.P. and Corilant Financial Management, LLC (together “Cor-ilant”) sued Fiduciary Financial Services of the Southwest, Inc. (“FFSS”) for breach of contract after FFSS refused to sell its *255outstanding stock to Corilant. Following a jury trial, the trial court awarded Corilant damages of $1,825,000 plus interest and attorneys’ fees. For the following reasons, we reverse the judgment of the trial court and render judgment that Corilant take nothing.

Background

This case involves a letter of intent between Corilant Financial, L.P. and…