Suarez v. Sherman Gin Co.
Lucio Suarez sued Sherman Gin Co. and others for personal injuries sustained in a cotton ginning machine accident that occurred after Sherman Gin Co. was dissolved. Suarez sought to recover damages under the trust fund theory from former directors, officers, and shareholders, and through the de facto merger doctrine against Continental Conveyor & Equipment Co. The trial court granted summary judgment for the appellees. The appellate court affirmed, holding that the trust fund theory does not apply to post-dissolution claims, and no de facto merger occurred. Texas Employers' Insurance Association's claim for workers' compensation and medical benefits paid to Suarez was also denied.