Commercial Litigation Articles

Abraham Watkins

Texas Supreme Court Recognizes Expanded Standing for Shareholders of Closely Held Corporations

On May 29, the Texas Supreme Court issued its decision in Sneed v. Webre, in which it tackled two issued regarding shareholder derivative suits involving closely held corporations: First, whether these suits may be barred by the business judgment rule, and, second, whether Texas recognizes the “double-derivative” standing of a parent company’s shareholder tof sue…

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Abraham Watkins

Labor Department Considering New Safeguards to Protect Retirees

The U.S. Department of Labor is considering new rules to protect retiree-investors by cracking down on arrant investment brokers. The rules would help ensure that retired investors, many of whom rely on their retirement investment accounts to provide for them in old age, are not taken advantage of by brokers harboring undisclosed conflicts of interest….

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Abraham Watkins

Product and Premises Liability Cases Require Resources and Skill

Cases involving defective and dangerous products or property conditions, known as product liability and premises liability cases, are very challenging. The evidence needed to prove negligence can be highly specialized and complex. It can take many years to actually obtain a verdict or settlement. These types of cases require that a law firm invest significant…

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Abraham Watkins

Texas Supreme Court Extends Statute of Limitations for Partner Liability

Last Friday, the Texas Supreme Court held in American Star Energy and Minerals Corp. v. Stowers that the statute of limitations on a claim against a partner to enforce his or her liability for a claim against the partnership does not begin to run until the creditor can proceed directly against partner’s assets, which is…

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