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SAMMONS ENTERPRISES, INC. v. MANLEY

No. 8343.

540 S.W.2d 751 (1976)

SAMMONS ENTERPRISES, INC., Appellant, v. Darrell F. MANLEY and Conway Phillips, Appellees.

Court of Civil Appeals of Texas, Texarkana.

Rehearing Denied September 28, 1976.

Attorney(s) appearing for the Case

Mike Joplin, Strasburger, Price, Kelton, Martin & Unis, Dallas, for appellant.

James E. Coleman, Jr., Carrington, Coleman, Sloman, Johnson & Blumenthal, Dallas, for appellees.

RAY, Justice.

This is a suit to recover money for the sale of stock under stock option re-purchase agreements. Darrell F. Manley and Conway Phillips, appellees (plaintiffs), instituted suit against Sammons Enterprises, Inc., appellant (defendant), to recover the fair market value of 15,000 shares of Sammons Enterprises, Inc. stock. Following a jury verdict finding the price to be $457.00 per share in answer to Special Issue No. 1, the trial court disregarded Special...

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