In The Mark at Weatherford Owner, LLC v. Darwin German, the Texas Business Court’s Eighth Division enforced a contractual put right and clarified how “default” and “payable” are interpreted in commercial agreements.
Texas Business Court Reinforces Standing Rules for LLC Derivative Lawsuits
Texas Business Court confirms only current LLC members have standing to bring derivative claims under the Texas Business Organizations Code.
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Texas Business Court Addresses Executive Noncompete Enforcement in Galderma v. Brenner
In Galderma Laboratories, L.P. v. Erick Brenner, Judge Brian Stagner of the Eighth Division (Fort Worth) granted in part a temporary injunction to enforce a noncompete agreement against a former senior executive who accepted a CEO position with an alleged direct competitor.