You are here


Light v. Whittington (In re Whittington) (Aug. 20, 2014)
The Debtor failed to disclose side profits made on land deals to the plaintiffs who had invested in the land deals as limited partners. The Court found that, under Texas law, the thorough control the Debtor exercised over the partnerships made him a fiduciary with respect to the limited partners and that his failure to disclose the side deals to the limited partners constituted a misrepresentation and a breach of fiduciary duty.
Light v. Whittington (In re Whittington), 530 B.R. 360 (Bankr. W.D. Tex. 2014).