Husky Int'l Elecs., Inc. v. Ritz, 459 B.R. 623 (Bankr. S.D. Tex. 8/4/11), appeal pending, (4:11-CV-03020, S.D. Tex. 2012).

William David Weber

Case Conclusion Date: August 4, 2011

Practice Area: Bankruptcy / Debt

Outcome: The Court held that Debtor was not personally liable to Creditor, and that Creditor failed to prove that Debtor committed fraud, or had any fiduciary duty to creditor. Discharge was granted.

Description: Creditor filed a lawsuit claiming that Debtor, a shareholder of Chrysalis, a Corporation, was personally liable for a contract debt owed by Chrysalis to Creditor. Creditor alleged theories of fraud, breach of fiduciary duty, and willful injury to property.