Ritchie v. Rupe
443 S.W.3d 856 (Tex. 2014)
A frozen-out minority shareholder asks Texas courts for a forced buyout
- In one lineEn una línea
- Texas does not recognize a common-law cause of action for minority shareholder oppression with a buyout remedy.Texas no reconoce una acción de origen judicial por opresión del minoritario con remedio de compra forzosa.
- RuleRegla
- Under the Texas receivership statute, oppressive conduct means actions that substantially defeat the minority's reasonable expectations or are burdensome and wrongful, and the remedy is a rehabilitative receivership; the court declined to create a broader common-law claim.
- Why this case is herePor qué está aquí este caso
- The Texas rule you will apply in practice: no judge-made oppression claim with a buyout remedy; only the narrow statutory receivership and existing duties.
- Procedural posturePostura procesal
- The jury found oppression and the trial court ordered a buyout; the court of appeals affirmed in part; the Supreme Court of Texas reversed, rejecting the common-law buyout remedy.
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Say the answer out loud before revealing each part. Rate yourself honestly; the case comes back sooner when you miss.Di la respuesta en voz alta antes de revelar cada parte. Califícate con honestidad; el caso vuelve antes si fallas.
Panic kit: “Could you repeat the question, please?” · “Let me make sure I have the facts right: …” · “I'm not certain, but I'd argue … because …”Kit de pánico: “Could you repeat the question, please?” · “Let me make sure I have the facts right: …” · “I'm not certain, but I'd argue … because …”
How did it go?¿Cómo te fue?