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PRUDENTIAL INS. CO. OF AMERICA v. JEFFERSON ASSO. LTD.

No. 3-90-217-CV.

839 S.W.2d 866 (1992)

PRUDENTIAL INSURANCE COMPANY OF AMERICA, Appellant, v. JEFFERSON ASSOCIATES, LTD. & F.B. Goldman, Appellees.

Court of Appeals of Texas, Austin.

Rehearing Overruled October 14, 1992.

Attorney(s) appearing for the Case

John Hill, Jr., Liddell, Sapp, Zivley, Hill & La Boon, Austin, for appellant.

Douglass D. Hearne, Don W. Kothmann, Hearne, Knolle, Lewallen, Livingston & Holcomb, Austin, for appellees.

Before CARROLL, C.J., and ABOUSSIE and KIDD, JJ.

KIDD, Justice.

This case arises from the sale of the Jefferson Building, a four-story commercial office building in Austin, Travis County, Texas. In late 1983, the Prudential Insurance Company of America (Prudential), after becoming, through foreclosure, the owner of the Jefferson Building, proposed to sell it to Jefferson Associates, a limited partnership, and F.B. Goldman (collectively, Goldman). Two years after the sale was consummated, Goldman discovered that...

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