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DeBORD v. CIRCLE Y OF YOAKUM, INC.

No. 13-96-567-CV.

951 S.W.2d 127 (1997)

John DeBORD, et al., Appellants, v. CIRCLE Y OF YOAKUM, INC., et al., Appellees.

Court of Appeals of Texas, Corpus Christi.

Rehearing Overruled August 7, 1997.

OPINION

SEERDEN, Chief Justice.

The DeBords, appellants, brought an individual action against the majority shareholders and the officers and directors (appellees) of a closely held corporation to recover for oppressive conduct and breach of fiduciary duties. The DeBords also brought a derivative action on behalf of appellee corporation against the same officers and directors again alleging breach of fiduciary duties. In response, the officers and directors...

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