Glenn Arnold Wright and Faron Gryder v. Jodie Ileane Wright

Court of Appeals of Texas·Decided March 26, 2009·No. 11-07-00169-CV·Published

Opinion

Opinion filed March 26, 2009

Opinion filed March 26, 2009

                                                                        In The

    Eleventh Court of Appeals

                                                                   __________

                                                          No. 11-07-00169-CV

           GLENN ARNOLD WRIGHT AND FARON GRYDER, Appellants

                                                             V.

                                  JODIE ILEANE WRIGHT, Appellee

                                        On Appeal from the County Court at Law

                                                           Ector County, Texas

                                                Trial Court Cause No. CC-18,611

                                                                   O P I N I O N

After more than 26 years of marriage, Jodie Ileane Wright sued Glenn Arnold Wright for divorce on March 14, 2006.  In an amended pleading filed on February 22, 2007, she asked for a disproportionate share of the community estate.  Because Glenn had transferred to an employee, Faron Gryder, 49% of the shares in one of their companies three days after she filed for divorce, Jodie named Gryder as a co-respondent.  All three parties entered into a mediated settlement agreement (MSA) in which they settled all disputes except that they reserved for trial Jodie=s claim that the transfer of stock to Gryder was a fraud on the community.


Glenn and Gryder assert that the MSA limited Jodie to an actual fraud claim and that she breached the MSA by amending her trial petition to include constructive fraud.  Based on that premise, they argue that Glenn and Gryder had the right to rescind the MSA.  We disagree.  The MSA reserved a Acause of action for fraud on the community@ that included fraud, constructive fraud, and breach of fiduciary duty and was consistent with Jodie=s claim (before the MSA) to a disproportionate share of the community estate.  We affirm the trial court=s award of $318,500 to Jodie for Glenn=s fraud on the community.  We remand for a determination of the appropriate amount of attorney=s fees that should be awarded to Jodie and for the trial court to reform the decree of divorce pursuant to this opinion.

                                                               Background Facts  

Jodie filed for divorce on March 14, 2006.  On that same day, Glenn withdrew all the funds from their bank accounts with Security State Bank.  He also withdrew the funds in his individual savings account and those in Jodie=s savings account.  Glenn admitted that he thought that Jodie was going to sue him for divorce and that he had withdrawn the money Ato protect [himself].@  Glenn said that he applied the funds to pay down a revolving line of credit the company owed the bank.  Later, after Jodie complained to Security State Bank, Glenn replaced the funds to her savings account.

Glenn also acted quickly to transfer the titles to their jointly owned Harley Davidson motorcycles.  He transferred the titles to their two sons, but Jodie did not learn of Glenn=s action until the boys arrived at their home to take possession of the motorcycles.  Jodie said the only problem she had with the boys picking up the motorcycles was that she knew what their dad had done and that she did not want them to get into trouble for it.

Glenn and Jodie owned five companies:  World Sealing Corporation; Shaneda Machine, Inc.; Turbo Specialties & Machine Co., Inc.; Turbo Custom Components, Inc.; and Permian Valve Repair, Inc.  They began Shaneda Machine in 1979 as a general machine shop.  Shaneda Machine had revenues of $3.5 million in 2005 and specialized in the repair of industrial compressors and pumps and large industrial electric motors and generators.

On March 17, 2006, three days after Jodie filed for divorce, Glenn transferred 49% of the stock of Shaneda Machine to Gryder.  Gryder admitted that he did not pay anything for the stock but maintained that the shares were for his services over the past years as an employee of Shaneda Machine.  On that same day, Glenn had the bylaws of Shaneda Machine restated to remove Jodie as a director and to leave himself as the sole director.


On February 22, 2007, Jodie filed her first amended original petition for divorce, requesting a disproportionate share of the community estate and naming Gryder as a co-respondent.  She alleged in Paragraph 16:

Relief from Third-Party for Fraudulent Transfer

Co-Respondent is alleged to be the holder and/or owner of certain stock in Shaneda Machine, Inc. that was fraudulently transferred by Respondent to Co-Respondent, Faron Gryder, without consideration and/or for less than reasonably equivalent valueThe purpose of the transfer was to defraud Petitioner=s property rights in that property and/or Petitioner=s separate property rights in that property, and Co-Respondent had notice of Respondent=s intent to injure Petitioner=s rights.  Respondent has transferred to Co-Respondent certain stock in Shaneda Machine, Inc. (emphasis added).

The prayer in Jodie=s first amended petition requested the following:

Petitioner prays that the Court find that the items were transferred to Faron Gryder in fraud of Petitioner=s right in those assets and that, after notice and hearing, the Court enter an order setting aside the transfer as a fraud on the community and declaring the assets to be the community assets of Petitioner and Respondent and/or Petitioner=s separate property (emphasis added).

On April 10, 2007, Glenn, Jodie, and Gryder signed an MSA that set out in an exhibit the one matter that was reserved for trial:

2.         Jodie Wright and her attorney . . . will agree to a new trial being granted in the cause of action for fraud on the community against 3rd Party Respondent, Faron Gryder; if the Court should find the conveyance of stock shares in Shaneda Machine Inc. by Glenn Wright to Faron Gryder constitutes a fraud on the community, Glenn Wright will pay to Jodie Wright the sum equal to 50% of the value as determined by Jeannie McClure ASA, 2/28/07, of the shares of Shaneda Machine Inc.

Free access — add to your briefcase to read the full text and ask questions with AI

Glenn Arnold Wright and Faron Gryder v. Jodie Ileane Wright, (Tex. Ct. App. 2009).

Glenn Arnold Wright and Faron Gryder v. Jodie Ileane Wright (Glenn Arnold Wright and Faron Gryder v. Jodie Ileane Wright) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.

Related

Houston Livestock Show & Rodeo, Inc. v. Hamrick
125 S.W.3d 555 (Court of Appeals of Texas, 2003)
Stone v. Lawyers Title Ins. Corp.
554 S.W.2d 183 (Texas Supreme Court, 1977)
Carle v. Carle
234 S.W.2d 1002 (Texas Supreme Court, 1950)
Keith v. Keith
221 S.W.3d 156 (Court of Appeals of Texas, 2006)
Mazique v. Mazique
742 S.W.2d 805 (Court of Appeals of Texas, 1987)
Pool v. Ford Motor Co.
715 S.W.2d 629 (Texas Supreme Court, 1986)
Catalina v. Blasdel
881 S.W.2d 295 (Texas Supreme Court, 1994)
Massey v. Massey
807 S.W.2d 391 (Court of Appeals of Texas, 1991)
Belew v. Rector
202 S.W.3d 849 (Court of Appeals of Texas, 2006)
Conner v. Bean
630 S.W.2d 697 (Court of Appeals of Texas, 1981)
Chiles v. Chiles
779 S.W.2d 127 (Court of Appeals of Texas, 1989)
City of Keller v. Wilson
168 S.W.3d 802 (Texas Supreme Court, 2005)
Cayan v. Cayan
38 S.W.3d 161 (Court of Appeals of Texas, 2001)
Jean v. Tyson-Jean
118 S.W.3d 1 (Court of Appeals of Texas, 2003)
Boyd v. Boyd
67 S.W.3d 398 (Court of Appeals of Texas, 2002)
Matter of Marriage of Moore
890 S.W.2d 821 (Court of Appeals of Texas, 1994)
Praeger v. Wilson
721 S.W.2d 597 (Court of Appeals of Texas, 1986)
Hartman v. Crain
398 S.W.2d 387 (Court of Appeals of Texas, 1966)
Turner v. Turner
385 S.W.2d 230 (Texas Supreme Court, 1964)
New Amsterdam Casualty Co. v. Texas Industries, Inc.
414 S.W.2d 914 (Texas Supreme Court, 1967)