Austin, Texas – Earlier this year the firm’s Geoff Weisbart and Nicole LeFave obtained a jury verdict on behalf of Austin investment entity FWH Investments IRA, LLC after a one-week trial in Travis County District Court.
The case arose from the financial fallout related to the closing of Run-Tex, Inc., a longtime and iconic Austin running store. In rendering its verdict, the jury found that Ron Garriques, a former Dell executive, had guaranteed a portion of the loans made by FWH to Run-Tex, despite his contention that he had never executed a guaranty agreement.
“What made the case challenging was that a signed document regarding the guarantee was never found,” said Weisbart. “I was very proud of our trial team, because we carefully developed the evidence to show the jury that Mr. Garriques had signed the guaranty, despite the fact the executed agreement could not be located, and as a result the jury determined he had in fact signed it.”
Based on the jury’s verdict, the Court has now entered a final judgment against Mr. Garriques for just under $400,000. The Court also awarded attorney’s fees against Mr. Garriques in the event he seeks to appeal the judgment. A judgment in the amount of $997,163.72 was obtained against Run-Tex, Inc.
“We could not be more pleased with the results we obtained on behalf of our client,” said LeFave.