Court Reversed Judgment  Where A Stareholder And Controller Did Not Owe An Informal Fiduciary Duty

In Herman v. Metz, in 1989, Robert P. Metz and Dwayne Herman formed GBH Enterprises, Inc., and Metz owned 20% and Herman owned 80%. No. 14-24-00277-CV, 2025 Tex. App. LEXIS 6408 (Tex. App.—Houston [14th Dist.] August 21, 2025, no pet.). In 2003, Herman sold real property owned by GBH to himself without Metz’s knowledge. When... Continue Reading