June 13, 2018 in Case Summaries
In a long-running dispute between Stanley Graff and the purchasers of a multi-million-dollar apartment complex owned by the estate of Graff’s father, Levinger PC persuaded the Dallas Court of Appeals to affirm the probate court’s summary judgment rejecting Graff’s effort to rescind or recover damages arising from the October 2000 purchase of the complex. Among other rulings, the Court held that Graff’s claims of fraud and conspiracy to commit fraud accrued by August 2002 and thus were barred by the four-year statute of limitations; that the independent executor had the authority to sell the real property and thus the transaction should not be rescinded; and that Graff’s claims for aiding and abetting a breach of fiduciary duty against the purchasers failed because there was no evidence that they assisted an appraiser in his valuation of the property. Graff v. 2920 Park Grove Venture, Ltd., No. 05-16-01411-CV, 2018 WL 2949158 (Tex. App.—Dallas June 13, 2018, pet. denied) (mem. op.).
Courts: Texas Intermediate Appellate Courts
Subject Matter: Business Litigation, Ethics & Professional Liability