Fryar Law Firm Files Usurpation of Corporate Opportunities Claims

On March 23, 2011, Fryar Law Firm was retained to take over as plaintiff's counsel in No. 10681-B; Williams v. Otcu, in the 198th Judicial District Court, Kerr County, Texas. Fryar Law Firm immediately filed a Second Amended Petition on behalf of the Plaintiff to bring derivative claims for usurpation of corporate opportunities, in addition to the shareholder oppression claims already on file. This case involved not only an attempt to squeeze-out the minority shareholder's interest in the corporation, but the closing down of the corporation and immediate reopening of exactly the same business in the name of another business entity owned by the controlling shareholder, but in which the Plaintiff had no ownership.