Chris Popov and Mike Heidler, partners at Vinson & Elkins, talk through a major opinion from the Texas Supreme Court, their role in the case, and what it means for investors in Texas companies....more
10/17/2023
/ Abuse of Discretion ,
Alter Ego ,
Appeals ,
Bankruptcy Court ,
Corporate Structures ,
Failure To Maintain ,
Investors ,
Motion to Dismiss ,
Multidistrict Litigation ,
Negligence ,
Portfolio Companies ,
Private Equity ,
Property Damage ,
Safe Harbors ,
TX Supreme Court
In its In re First Reserve decision, the Texas Supreme Court addressed categories of corporate conduct that investors can engage in without incurring direct tort liability for incidents that occur on the premises of a...more
On June 23, 2023, the Texas Supreme Court issued a decision embracing the rule that an investor can engage in customary investment practices without becoming liable for torts committed by a portfolio company....more