Supreme Court of Texas

Where defendant breached an agreement to sell his stock in a privately held corporation and, during trial, the corporation went public, the proper measure of damages was the value of the stock on the date the stock option agreement was breached, minus the exercise price.

Appellate Information

• Argued 10/24/2001
• Decided 10/31/2002
• Published 10/31/2002

Judges

• Justice ENOCH delivered the opinion of the Court, in which Justice HECHT, Justice OWEN, Justice JEFFERSON and Justice RODRIGUEZ joined.

Court

• Supreme Court of Texas

Counsel

• For Appellant:
  
• Scott P. Stolley,P. Jefferson Ballew, Thompson & Knight, Dallas, John Cornyn, Attorney General, Austin, Leasa M. Stewart, Oklahoma City, OK, for Petitioner.


• For Appellees:
  
• B. Frank Cain, Joseph W. Spence, Steven J. Graham, Shannon, Gracey, Ratliff & Miller, Fort Worth, William H. Knull, III, Susan K. Pavlica, Mayer Brown & Platt, Houston, Douglas W. Alexander, Scott Douglass & McConnico, Austin, Anne Gardner, McLean, Sanders, Price, Head & Ellis, Fort Worth, J. Michael Jaynes, Irving, for Respondent.