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HEBBRONVILLE LONE STAR RENTALS v. SUNBELT RENTALS

No. 17-50613.

898 F.3d 629 (2018)

HEBBRONVILLE LONE STAR RENTALS, L.L.C.; Samuel G. Lovett; Leslie M. Lovett, Plaintiffs-Appellees, v. SUNBELT RENTALS INDUSTRIAL SERVICES, L.L.C., Defendant-Appellant.

United States Court of Appeals, Fifth Circuit.

FILED August 6, 2018.

Attorney(s) appearing for the Case

Shannon H. Ratliff , Lisa A. Paulson , Davis, Gerald & Cremer, P.C., 300 W. 6th Street, Austin, TX 78701-2984, John Allen Davis, Jr., Esq. , Trial Attorney, Julie L. Griffis , Davis, Gerald & Cremer, P.C., Suite 1400, 400 W. Illinois Avenue, Midland, TX 79701, for Plaintiffs-Appellees.

Jane Webre , David Dean Shank, Esq. , Scott, Douglass & McConnico, L.L.P., Suite 2400, 303 Colorado Street, Austin, TX 78701, for Defendant-Appellant.

Before HIGGINBOTHAM, DENNIS, and COSTA, Circuit Judges.

Hebbronville Lone Star Rentals, L.L.C. sold its assets, customer lists, and customer contracts to another equipment rental business, Sunbelt Rentals Industrial Services, L.L.C. The sales price included a $25 million upfront payment as well as three future contingent payments sometimes called earnouts. The idea behind...

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