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Advertisement Business Divorce: Court Found That There Was A Fact Question On Whether Officers Violated Fiduciary Duties By Obtaining A Side Bonus From A Purchaser When Negotiating A Sale Of The Company’s Assets Monday, March 8, 2021 A business divorce may mean that the owners need to sell the business or the business’s assets. In the following case, some of the owners/officers took advantage of a sale transaction to benefit from that transaction at the expense of their co-owners. In  Rex Performance Prods., LLC v. Tate, a company sued its former officers for breaching fiduciary duties related to the sale of the company’s assets. No. 02-20-00009-CV, 2020 Tex. App. LEXIS 10465 (Tex. App. Fort Worth December 31, 2020, no pet.). The company alleged that the officers intentionally drove down the price of the sale in order to obtain a separate bonus from the buyer. The defendants alleged that the plaintiff knew of the side bonus agreement and consummated the transacti

United statesTexas supreme courtRex performance prodsFort worth decemberBusiness texasBusiness divorceSellinga businessBusiness officers drove down sale priceBonus from buyerRex performance productsv tateஒன்றுபட்டது மாநிலங்களில்டெக்சாஸ் உச்ச நீதிமன்றம்கோட்டை மதிப்பு டிசம்பர்வணிக டெக்சாஸ்வணிக விவாகரத்துபோனஸ் இருந்து வாங்குபவர்