Abbas Yazdchi and Ahmad Yazdchi v. Tradestar Investments Inc

CourtCourt of Appeals of Texas
DecidedSeptember 26, 2006
Docket14-05-00125-CV
StatusPublished

This text of Abbas Yazdchi and Ahmad Yazdchi v. Tradestar Investments Inc (Abbas Yazdchi and Ahmad Yazdchi v. Tradestar Investments Inc) is published on Counsel Stack Legal Research, covering Court of Appeals of Texas primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook
Abbas Yazdchi and Ahmad Yazdchi v. Tradestar Investments Inc, (Tex. Ct. App. 2006).

Opinion

Affirmed and Opinion filed September 26, 2006

Affirmed and Opinion filed September 26, 2006.

In The

Fourteenth Court of Appeals

_______________

NO. 14-05-00125-CV

ABBAS YAZDCHI and AHMAD YAZDCHI, Appellants

V.

TRADESTAR INVESTMENTS INC., Appellee

On Appeal from 61st District Court

Harris County, Texas

Trial Court Cause No. 01‑60971

O P I N I O N

In this breach of contract case, Abbas Yazdchi (AAbbas@) and Ahmad (AAhmad@) Yazdchi (collectively, the AYazdchis@) appeal a summary judgment in favor of TradeStar Investments, Inc. (ATradeStar@) on various grounds.  We affirm.

Background


In November of 1999, the State of Texas filed a consumer protection suit against Ali Yazdchi (AAli@), the brother of Abbas and Ahmad, in which the trial court entered a temporary restraining order (the ATRO@) against Ali after finding that he may have violated the Deceptive Trade Practices-Consumer Protection Act (the ADTPA@).[1]   From the portions of the record from that case that are included in our record, we can glean the following information.  In that lawsuit (the AAli action@),[2] the court first issued a TRO, ordering numerous financial institutions, including TradeStar, that were holding money in the name of or for the benefit of Ali, to freeze funds held not only under Ali=s name, but also those of any of Ali=s aliases, including the names AAbbas Yazdchi@ and AAhmad Yazdchi.@[3]  TradeStar was notified of the TRO by the Attorney General=s office on November 15, 1999, and complied with this order by notifying the Attorney General that it had frozen an account held in the names of Abbas and Ahmad (the AYazdchis= account@).[4]


After a hearing in the Ali action in which Ali appeared with counsel, the trial court found that he had engaged in several actions that violated the DTPA and had also Asought to conceal and/or dissipate assets, . . . used a number of aliases and false addresses to conceal his identity, assets and whereabouts, and . . . sought to avoid paying creditors and judgments filed against him.@  The court entered a temporary injunction (the Atemporary injunction@) and appointment of a temporary receiver for Ali and any assets standing in either his name or any of his aliases, specifically requiring TradeStar (among others) to turn over any such assets to the custody of the temporary receiver (the Aturnover order@).[5]  The Ali action concluded on April 14, 2000, with the entry of an Agreed Final Judgment, Permanent Injunction, and Appointment of Permanent Receiver (the Aagreed judgment@).

On May 8, 2000, the permanent receiver notified TradeStar of his appointment and intention to liquidate the Yazdchis= account and provided TradeStar a copy of the temporary injunction (including the turnover order) and agreed judgment.  On June 5, 2000, the receiver notified TradeStar that he wished to liquidate the Yazdchis= account pursuant to the trial court=s orders, and requested disbursement of the funds to him, which TradeStar provided on June 9, 2000.  TradeStar mailed a statement to the account address reflecting the reduction and the resulting zero balance within seven business days of June 30, 2000.[6]

In November 2001, the Yazdchis brought this breach of contract claim against TradeStar, among others,[7] seeking to recover the $128,347.04[8] that TradeStar had transferred to the receiver in the Ali action.  TradeStar filed a motion for summary judgment, asserting that it was statutorily shielded from liability because it had turned over the funds pursuant to a court order.  The Yazdchis filed a response and their own motion for partial summary judgment, alleging various legal bases in support of their claim.  TradeStar replied to the Yazdchis= motion, further arguing, among other things, that the claims asserted in this litigation are the same as those that had been:  (1) decided against the Yazdchis in summary judgments granted in this action to former defendants Bank One, Texas, N.A. (ABank One@)  and Chase Bank Texas, N.A. (AChase@); (2) thereafter severed; and (3) affirmed on appeal by the First Court of Appeals.  The trial court granted TradeStar=s motion for summary judgment.


Standard of Review

            A traditional summary judgment may be granted if the motion and summary judgment evidence show that, except as to the amount of damages, there is no genuine issue of material fact and the moving party is entitled to judgment as a matter of law.  Tex. R. Civ. P.

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Related

Western Investments, Inc. v. Urena
162 S.W.3d 547 (Texas Supreme Court, 2005)
Valence Operating Co. v. Dorsett
164 S.W.3d 656 (Texas Supreme Court, 2005)
Republican Party of Texas v. Dietz
940 S.W.2d 86 (Texas Supreme Court, 1997)
Yazdchi v. Bank One, Texas, N.A.
177 S.W.3d 399 (Court of Appeals of Texas, 2005)

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Abbas Yazdchi and Ahmad Yazdchi v. Tradestar Investments Inc, Counsel Stack Legal Research, https://law.counselstack.com/opinion/abbas-yazdchi-and-ahmad-yazdchi-v-tradestar-invest-texapp-2006.