Fryar Law Firm Achieves Settlement in Scruggs v. Reber

On September 15, 2010, the Court entered a final judgement effectuating a settlement of Cause No. 2009-10216-16; Michael Scruggs v. Reber, Allen, and Zingenuity, Inc., in the 16th Judicial District Court, Denton County, Texas. This was a shareholder oppression case in which Fryar Law Firm represented the two majority shareholder defendants. The minority shareholder had originally filed suit for shareholder oppression and other claims. Fryar Law Firm appeared on behalf of the two individual defendants. The corporation retained separate counsel. Both the corporation and Fryar Law Firm's clients filed counterclaims and third-party actions. All of the claims by and against the minority shareholder have now been settled. Fryar Law Firm will remain in this case representing both the individuals and the corporation on the remaining claims for malpractice and breach of fiduciary duties against the lawyer who had represented both the corporation and the minority shareholder at the time the company was formed until the lawsuit was filed.