Philips Brothers, LP, Harry Simmons and Ray Winstead were owners of a catfish hatchery and farm in Mississippi called Kilby Brake Fisheries. Ray Winstead operated the catfish hatchery for eight years and only two of those years were profitable. As a result, Ray Winstead was terminated and sued the owners for the alleged freeze out. The owners suspected Winstead of brokering and asked for his financially documents. The State court denied the request and the jury awarded winstead more than 1.7 million dollars which Kilby Brake appealed.
Mississippi Supreme Court reversed the lower court decision based on the information found during discovery. Winstead financials showed his Cattle Company making profit even though it did no actual business.
Mississippi Supreme Court reversed the lower court decision based on the information found during discovery. Winstead financials showed his Cattle Company making profit even though it did no actual business.