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VOSKAMP v. ARNOLDY

No. 01-86-00048-CV.

749 S.W.2d 113 (1987)

Peter S. VOSKAMP, the Estate of C.W. Bair, By and Through its Legal Representative, Mrs. C.W. Bair, and Jerry Amussen, Appellants, v. Roman F. ARNOLDY, John R. Arnoldy, and Triten Corporation, Appellees.

Court of Appeals of Texas, Houston (1st Dist.).

Rehearing Overruled February 11, 1988.

Rehearing Denied March 29, 1988.

Attorney(s) appearing for the Case

John M. O'Quinn, Gary M. Riebschlager, John M. O'Quinn & Associates (T. Gerald Treece, of counsel), William Fred Hagans (Hagans & Sydow, of counsel), Houston, for appellants.

Barry Abrams, William B. Allison, William E. Matthews, Sewell & Riggs, Houston, for appellees.

Before LEVY, DUGGAN and HOYT, JJ.

OPINION

LEVY, Justice.

The trial court granted a take-nothing judgment notwithstanding the verdict against appellants in this stock fraud case. We reverse and render.

During the late 1970's, Tapco International ("Tapco"), now Triten Corporation ("Triten"), was a closely-held corporation that manufactured valves for the oil industry. Roman F. Arnoldy ("Roman") was the majority shareholder, president, and chairman of the board of directors of Tapco...

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