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RITCHIE v. RUPE

No. 05-08-00615-CV.

339 S.W.3d 275 (2011)

Lee C. RITCHIE, as Director of Rupe Investment Corporation and as Trustee for the Dallas Gordon Rupe Trust, Paula Rupe Dennard, as Director of Rupe Investment Corporation and as Trustee for the Dallas Gordon Rupe Trust and as Trustee for the Paula Dennard Management Trust, Dennis Lutes as Director of Rupe Investment Corporation and as Trustee for the Paula Dennard Management Trust, and Rupe Investment Corporation, Appellants, v. Ann Caldwell RUPE, as Trustee for the Dallas Gordon Rupe, III 1995 Family Trust, Appellee.

Court of Appeals of Texas, Dallas.

Rehearing Overruled April 27, 2011.

Attorney(s) appearing for the Case

Hilaree A. Casada , Cowles & Thompson, Robert B. Gilberth , Hawkins, Parnell, Thackston & Young, LLP, Michael L. Hurst , Amy Davis Benavides , Katherine Khristine Elrich , Hermes Sargent Bates, L.L.P., Dallas, for Appellants.

Charla G. Aldous , Aldous Law Firm, Steven E. Aldous , Robert R. Varner, Jr. , Braden, Varner & Aldous, P.C., Jeffrey S. Levinger , Brett Kutnick , Hankinson Levinger LLP, Dallas, for Appellee.

Before Justices MOSELEY, FITZGERALD, and LANG-MIERS.

OPINION

Opinion By Justice MOSELEY.

This case involves claims for shareholder oppression filed by a minority shareholder in a closely held corporation, Rupe Investment Corporation ("RIC"). The trial court determined the plaintiff minority shareholder, Ann Caldwell Rupe as trustee for the Dallas Gordon Rupe, III, 1995 Family Trust ("Buddy's Trust"), had been subjected to shareholder oppression by RIC and some of its shareholders and directors ("appellants...

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