Chris Bankler

Chris Bankler

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Texas Business Court Upholds Exculpation Clause—Limits Fiduciary Duty Exposure

In its May 22, 2025, memorandum opinion, the Business Court of Texas dismissed all claims against Christopher Doyle (PEC’s CEO) and certain Blackstone-affiliated entities. The Court held that § 13.9 of the Third Amended...more

6/10/2025  /  Business Court , Business Litigation , Contract Disputes , Dispute Resolution , Exculpatory Clauses , Fiduciary Duty , Partnership Agreements , Private Equity , 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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