Verdict Reversed Due to Insufficient Evidence of Lease Values

Business Valuation Update BVLaw
Legal and Court Case Update
October 26, 2000
7361 Employment Agencies
561311 Employment Placement Agencies
judicial dissolution
fair value, breach of fiduciary duty, fair market value (FMV), minority oppression

Christians v. Universal Nurses of Houston, Inc.
2000 Tex. App. LEXIS 6423
US
State Court
Texas
Court of Appeals
Fowler

Summary

In this combined minority oppression, breach of fiduciary duty, and shareholder derivative action, 20% shareholder Linda Stafford claimed that majority shareholders Linda Christians and Doug Christians inappropriately entered into furniture and equipment leases with Universal Nurses of Houston Inc. at less than fair value.

See Also

Christians v. Universal Nurses of Houston, Inc.

Issue is whether leases were entered into at less than fair value.