Lee C. Ritchie, Petitioners v. Ann Caldwell Rupe, as Trustee for the Dallas Gordon Rupe, Iii 1995 Family…

Summary

Justice Guzman dissents, arguing that the Texas shareholder oppression statute does not eliminate lesser remedies such as buyouts and that the majority’s restrictive definition of oppression and application of the business judgment rule are erroneous. She contends that the proper remedy is a fair buyout accounting for lack of marketability, and that the statute should be interpreted to allow equitable relief beyond receivership.