Chris Bankler

Chris Bankler

Jackson Walker

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Business Court of Texas Rebuffs Member’s Duty Claim, Reaffirms Freedom of Contract in LLC Agreement

A recent opinion from the Business Court of Texas, Eighth Division (Fort Worth), provides a crisp reminder that an LLC’s company agreement can all but eliminate fiduciary duties among its members and managers. In Tall v....more

5/22/2025  /  Breach of Contract , Business Entities , Business Litigation , Contract Terms , Fiduciary Duty , Fraud , Limited Liability Company (LLC) , LLC Agreements , Motion to Dismiss , Texas

Business Court of Texas Clarifies “Qualified Transaction” Jurisdiction

The Business Court of Texas’ recent opinion in Atlas IDF, LP v. NexPoint Real Estate Partners, LLC offers important guidance on the meaning of a “qualified transaction” under Texas Government Code Chapter 25A and the...more

5/20/2025  /  Appeals , Breach of Contract , Business Court , Business Litigation , Contract Disputes , Jurisdiction , Litigation Strategies , Promissory Notes , Statutory Interpretation , Texas

Texas Business Court Upholds Fiduciary Duty Waivers and Clarifies Limits on Partnership Agreement Provisions

Only six months into a complicated partnership dispute, the Business Court of Texas, 1st Division, issued a thorough summary judgment opinion and order in the case of Primexx Energy Opportunity Fund, LP v. Primexx Energy...more

4/7/2025  /  Breach of Contract , Business Entities , Business Litigation , Contract Terms , Corporate Governance , Fiduciary Duty , Limited Partnerships , Partnership Agreements , Summary Judgment , Texas
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