Anne Settle and John Settle AND Humberto George AND A&W Industries, Inc. v. Humberto George and A&W Industries, Inc. AND Anne Settle and John Settle AND Anne Settle and John Settle

CourtCourt of Appeals of Texas
DecidedJuly 19, 2012
Docket02-11-00444-CV
StatusPublished

This text of Anne Settle and John Settle AND Humberto George AND A&W Industries, Inc. v. Humberto George and A&W Industries, Inc. AND Anne Settle and John Settle AND Anne Settle and John Settle (Anne Settle and John Settle AND Humberto George AND A&W Industries, Inc. v. Humberto George and A&W Industries, Inc. AND Anne Settle and John Settle AND Anne Settle and John Settle) 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.

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Anne Settle and John Settle AND Humberto George AND A&W Industries, Inc. v. Humberto George and A&W Industries, Inc. AND Anne Settle and John Settle AND Anne Settle and John Settle, (Tex. Ct. App. 2012).

Opinion

02-11-444-CV

COURT OF APPEALS

SECOND DISTRICT OF TEXAS

FORT WORTH

NO. 02-11-00444-CV

Anne Settle and John Settle

APPELLANTS

V.

Humberto George and A&W Industries, Inc.

APPELLEES

HUMBERTO GEORGE

APPELLANT

ANNE SETTLE AND JOHN SETTLE

A&W INDUSTRIES, INC.

----------

FROM THE 141st District Court OF Tarrant COUNTY

MEMORANDUM OPINION[1]

I.  Introduction

          Appellants and Appellees Anne Settle and John Settle and Appellants and Appellees Humberto George and A&W Industries, Inc. appeal the trial court’s modified order granting summary judgment in favor of George and A&W.  We will modify the order and affirm it as modified.

II.  Background

          A&W is a Texas corporation that manufactures burial vaults.  A&W and George claim that George is A&W’s president and one of its three directors and that John has served as A&W’s vice president, secretary and treasurer, and corporate accountant at various times since 1999.

          The Settles claim that Anne is a director of A&W and that John is its chief financial officer; that they entered into an agreement with George in 1999 whereby they acquired 50% of A&W’s stock in exchange for providing financial assistance to A&W; and that at an annual meeting of A&W’s board of directors in July 2005, the board voted to rescind all of A&W’s common stock certificates and to reissue 50% of the common stock to George and the other 50% to Anne.

          George claims that Anne has never been a member of A&W’s board of directors, that A&W does not have a chief financial officer, that the July 2005 board-of-directors meeting never occurred, that the purported minutes from the meeting are a forgery, and that neither Anne nor John were ever given 50% of A&W’s stock.  According to George, John illegally transferred funds from A&W’s accounts to himself or to accounts controlled by him, and when George questioned John about the transfers and demanded an accounting, John refused to provide any information and notified George that he wanted to sell his shares in A&W.  George consequently took steps to protect A&W’s assets and monies from further depletion by changing the locks and installing a new security system at A&W’s corporate office, denying John access to A&W’s new computer server, and arranging for an independent audit of A&W’s financial records.

          The Settles claim that John was concerned about several corporate purchases and hiring decisions recently made at A&W and that he was locked out of A&W and denied access to the corporate accounting books around the time that he notified George that he intended to sell Anne’s shares in A&W.

          The Settles sued George and A&W in November 2010, alleging that George had breached fiduciary duties to A&W, seeking appointment of a receiver to rehabilitate A&W’s assets, and requesting a temporary injunction prohibiting George from taking certain actions in regard to A&W’s business.  George and A&W answered and filed special exceptions, which were never ruled on, and A&W filed counterclaims against the Settles for a declaratory judgment, breach of fiduciary duty, fraud, embezzlement, and civil conspiracy.  The Settles later amended their petition to assert a fraud claim against George.  George and A&W each filed motions for summary judgment against the Settles, and the trial court granted both motions, rendering take-nothing judgments in favor of George and A&W, and severed the Settles’ claims against George and A&W from any other outstanding claims.  The Settles timely filed a motion for new trial, and after a hearing thereon, the trial court signed a modified order on George’s and A&W’s motions for summary judgment that provides in relevant part as follows:

          IT IS ORDERED that Plaintiffs, John Settle and Anne Settle failed to state any cause of action as to Defendants and their case is dismissed;

                   . . . .

          There is no res judicata to future actual cause of action pleaded properly because Plaintiff has yet to plead a cause of action.  This is a final judgment.

The Settles, George, and A&W appeal.

III.  The Settles’ Appeal

          A.      Pleading Deficiency Summary Judgment

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Anne Settle and John Settle AND Humberto George AND A&W Industries, Inc. v. Humberto George and A&W Industries, Inc. AND Anne Settle and John Settle AND Anne Settle and John Settle, Counsel Stack Legal Research, https://law.counselstack.com/opinion/anne-settle-and-john-settle-and-humberto-george-and-aw-industries-inc-v-texapp-2012.