Powers Taylor is pleased to announce that we have been named in the 2024 edition of Best Law Firms as a Tier 2 firm in Dallas/Fort Worth metro for two practice areas. This is our third straight year being recognized by Best Law Firms in the following categories: Metropolitan Tier 2 Best Law Firms rankings are […]
Partner Peyton Healey, who was awarded a $98 million verdict as co-lead counsel in a bank fraud case back in December 2017, has landed at the number 22 spot of the National Law Journal and VerdictSearch’s Top 100 Verdicts of 2017. The case centered around allegations of BBVA Compass’ misrepresentations to Texas real estate developer […]
Powers Taylor, LLP congratulates Partner Peyton Healey and Co-Lead Counsel Derrick Boyd of Boyd Powers & Williamson on their $98 million-dollar verdict yesterday against BBVA Compass Bank and one of the bank’s officers in a banking fraud case. The allegations centered around BBVA Compass’ misrepresentations to Texas real estate developer David Bagwell and his companies about […]
A buy-sell agreement is a contract between the owners of a business, whereby they agree in advance upon a mechanism to allow for the dissolution of their joint ownership. Under the simplest form of a buy-sell agreement, two equal owners agree that, at either party’s option in the future, one party will set a purchase […]
Pursuing a lawsuit is a lengthy process. There are lots of steps before a case is resolved. One way that a lawsuit can be resolved is through mediation. Mediation is a guided settlement negotiation performed by a neutral 3rd party as an attempt to settle a lawsuit. Mediations typically occur after a lawsuit has been […]
By Brad Jackson and Mark Taylor Reversing more than 25 years of appellate court decisions, the Texas Supreme Court recently held that minority shareholder oppression is not a recognized cause of action under common law, and that the remedy for appointment of a receiver when the majority engages in oppressive conduct is only available when […]
Avoid Instigating Actions Motivated Purely by Revenge What can harm a minority shareholder is if he or she tries to do things to destroy the corporation or other actions done just out of spite, to try to get even. We’ve seen cases where a minority shareholder thinks he’s just locked out of his investment and […]
Tips to Prevent Contract Disputes Over the past 10 years, we have seen their fair share of contract disputes. Through litigating each of these cases, our attorneys have learned the characteristics that make a good contract. Below is our list of the top ways to help prevent a contract dispute. Clearly list all of the […]
The Texas Business Corporation Act: The Texas Business Corporation Act sets forth the basic procedures for the formation, governance, and operation of a corporation formed in the State of Texas. Any action undertaken by the majority shareholders of a corporation must follow the procedures set forth in the Act. Although the Act is complex and […]
Globally, more companies have begun to utilize mergers and acquisitions as an option to grow and diversify their business or to take advantage of tax loopholes. Thomson Reuters reports that the value of these mergers have reached a staggering $3.27 trillion in 2014. If you hold stock in a corporation that is acquired as part […]
On November 5, 2014, Mark Taylor obtained a Writ of Mandamus from a Collin County judge, ordering that Sethi Petroleum, LLC allow the inspection of its books and records related to an oil and gas joint venture. Plano-based Sethi Petroleum had raised approximately $1,000,000 from individual investors to form the Bakken Patriot 5-8 Joint Venture, […]
SEPT. 8, 2014 — Powers Taylor just announced the settlement of a shareholder dispute that had arisen in a family-owned manufacturing business in Central Texas. The dispute involved three different corporations that were all owned by members of the same family. The two largest shareholders, who together controlled over 90% of the companies, had decided […]