Last month we provided a Locke Lord LLP QuickStudy outlining Texas law on force majeure in light of COVID-19 and the oil price war. While the price war may have reached a cease-fire, the pandemic and its effect on the global...more
Force majeure is a doctrine that excuses performance under a contract when a supervening event prevents that performance. In recent days, COVID-19 has caused many executive and in-house lawyers to examine their contractual...more
A Houston federal court recently held that neither an oil and gas company nor two of its directors were liable for federal securities fraud—and were not liable to shareholders—even though the company issued annual financial...more