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Austin, TX commercial litigation attorney John W. Thomas talks about the type of issues that commonly give rise to business litigation. He explains that the best way he describes it is as one businessperson cheating another. It’s not a criminal act in the legal sense, but it’s certainly nothing the cheater would want to admit to his mother at Thanksgiving. It usually involves someone reading a contract a little too thin, stretching the language, or inventing loopholes that don’t really exist. Sometimes it’s about misrepresenting facts or numbers to deceive someone into taking action. Other times, it’s outright theft—especially when a fiduciary uses a company’s assets for personal gain instead of fulfilling his duty.
