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DIAMOND PAINT COMPANY OF HOUSTON v. EMBRY

No. 1069.

525 S.W.2d 529 (1975)

DIAMOND PAINT COMPANY OF HOUSTON et al., Appellants, v. John A. EMBRY, Jr., Trustee, et al., Appellees.

Court of Civil Appeals of Texas, Houston (14th Dist.)

Rehearing Denied July 9, 1975.

Attorney(s) appearing for the Case

Michael S. Wilk, Hirsch, Westheimer & Block, J., Eugene Clements, Sewell, Junell & Riggs, Houston, for appellants.

T. J. Sims, Urban, Coolidge, Pennington & Scott, Grant Cook, Reynolds, White, Allen & Cook, Houston, for appellees.

CURTISS BROWN, Justice.

This case originated in a loan transaction. W. D. "Don" Shepherd (Shepherd) was active in many business and promotional activities including a number of corporations containing the word "Diamond" in their name. He was a major stockholder and dominated the activities of these companies which were often managed with very little regard for corporate formalities. Diamond Paint Company (Paint) was a viable and somewhat successful company. Shepherd...

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