Court of Appeals Affirms Client's Holdings in Texas Company
Brooks Pierce lawyers Bob King and Dan Smith represent Hydroscience, Inc., a subsidiary of TIMCO Aviation Services. In 2010, a dispute arose as to whether Hydroscience, Inc. was a shareholder in a Texas company, Hydroscience Technologies, Inc. (“HTI”).
The parties ended up in litigation in state court in Dallas, Texas. After two years, the trial court ruled that our client was the rightful owner of the shares and dismissed the various claims asserted by HTI. The trial court also assessed attorneys’ fees against HTI.
On May 7, 2013, the Texas Court of Appeals affirmed on all issues, addressing several issues of first impression under Texas law.