IN RE WHITE

Bankruptcy No. 09-35259. Adversary No. 09-03352.

429 B.R. 201 (2010)

In re Richard WHITE, Debtor. Four Seasons Equipment, Inc., et al., Plaintiffs, v. Richard White, et al., Defendants.

United States Bankruptcy Court, S.D. Texas, Houston Division.

March 4, 2010.


Attorney(s) appearing for the Case

Michael Young McCormick, Attorney at Law, Houston, TX, for Plaintiffs.

Dwayne R. Day, Attorney At Law, Michael Gary Orlando, Orlando Braun LLP, Houston, TX, for Defendants.


MEMORANDUM OPINION

MARVIN ISGUR, Bankruptcy Judge.

For the reasons set forth below, the Court holds that:

1. Four Seasons Equipment, Inc. ("Four Seasons") did not properly exercise its right to purchase Richard White's ("White") shares. Consequently, White remains an 8% shareholder in Four Seasons.

2. White was an at-will employee of Four Seasons who was legally terminated. The termination was not for any improper purpose.

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