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STOCKS v. BANNER AMERICAN CORP.

No. 8834.

599 S.W.2d 665 (1980)

C. Joe STOCKS and Xalon Corporation, Appellants, v. BANNER AMERICAN CORPORATION et al., Appellees.

Court of Civil Appeals of Texas, Texarkana.

April 29, 1980.

Attorney(s) appearing for the Case

G. Brockett Irwin, Longview, for appellants.

Melvin R. Wilcox, III, Roberts, Harbour, Smith, Harris, French & Ritter, Longview, for appellees.

HUTCHINSON, Justice.

Appellees, Banner American Corporation and Stocks Enterprises, Inc., sought and obtained a temporary injunction restraining appellants, C. Joe Stocks and Xalon Corporation, from engaging in a competitive business.

Appellant Stocks and Mr. Ollie Moyer began business as the sole and equal shareholders of Stocks Enterprises, Inc. In March of 1978, with the aid of two additional financial backers, Banner American Corporation was formed and...

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