Dallas Commercial Litigation Lawyer Blog

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Latest from Dallas Commercial Litigation Lawyer Blog

What’s difficult about drafting commercial contracts? Consider a recent Texas Supreme Court breach of contract case, U.S. Polyco v. Texas Central Business Lines Corporation. Polyco, a manufacturer, contracted with Texas Central, short-line freight railway company, when Polyco decided to expand its operations to gain direct access to rail. Polyco paid $1.2 million to improve Texas

The short-term, high interest rate loan business has made everyone from loan sharks to registered businesses a great deal of profit. Perhaps that’s the backdrop hatching Gina Champion-Cain’s scheme that separated 50 investors from $300 million. See SEC Press Release, SEC v. Gina Champion-Cain, ANI Development, LLC and American National Investment, Inc. The Start of

Long Term Incentive Payment (LTI) David Sellers found himself unemployed when his employer was purchased by another company that immediately started slashing costs. Despite an employment agreement requiring the employer to pay COBRA benefits and $68,000 in outstanding sales commissions, Sellers did not receive payment, and subsequently sued for fraud and breach of fiduciary duty.

The silver trade is alive, but 300 investors may not feel so well. The SEC filed charges in November against Gaylen Dean Rust and Rust Rare Coin of Utah. During a 20-month period in 2017 and 2018, Rust secured over $85 million from investors in a silver trading scheme. The details of this Ponzi scheme will