Phillips Brothers v. Winstead

Defendants Phillips Brothers, Kilby Brake Fisheries, LLC, and Harry Simmons appealed a judgment entered in favor of Ray Winstead on numerous shareholder and employment claims. In September 2009, Winstead filed a complaint against Kilby Brake, Harry Simmons, Chat Phillips, Simmons Farm Raised Catfish, Inc., Five Mile Fisheries, Inc., and H.D. Simmons Corp. and Phillips Brothers, LP. Winstead alleged that Simmons and Phillips Brothers had failed to pay him his agreed-upon salary, asserting claims of fraud, breach of fiduciary duty, corporate freeze-out, conversion, slander, slander per se, and tortious interference with business relations. He also requested an accounting and dissolution of the LLC. The issues raised by the three remaining defendants in this appeal fell into six categories: (1) whether the admission of testimony regarding an oral agreement for cash contributions violated the parol evidence rule; (2) whether there was sufficient evidence to support Winstead’s award for fraud; (3) whether there was sufficient evidence to support Winstead’s award for corporate freeze-out; (4) whether there was sufficient evidence to support Winstead’s award for breach of fiduciary duty; (5) whether Kilby Brake was entitled to a new trial; (6) whether Winstead met the requisite elements of slander per se. Finding multiple errors, the Supreme Court reversed and remanded in part; and remanded in part. View "Phillips Brothers v. Winstead" on Justia Law