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AFFILIATED CAPITAL CORP. v. MUSEMECHE

No. A14-90-0163-CV.

804 S.W.2d 216 (1991)

AFFILIATED CAPITAL CORPORATION and Billy B. Coldberg, Appellants, v. Robert J. MUSEMECHE and Patricia M. Musemeche, Appellees.

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

Rehearing Denied February 21, 1991.

Attorney(s) appearing for the Case

Herbert N. Lackshin, Houston, for appellants.

Robert W. Musemeche, Houston, for appellees.

Before J. CURTISS BROWN, C.J., and JUNELL and MURPHY, JJ.

OPINION

JUNELL, Justice.

Appellees, Robert J. Musemeche and Patricia M. Musemeche, accepted a $500,000 promissory note from Affiliated Capital Corporation in exchange for their interest in a Houston office building. When Affiliated defaulted in 1986, appellees sued on the note, contending that Affiliated's president, Billy B. Goldberg, defrauded them by causing Affiliated to be merged into a "shell" corporation in 1983, and consequently, Affiliated's assets...

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