High Court Denies JPMorgan's Bid To Stall Oil Trust Suit

Law360, Houston (October 19, 2012, 10:01 PM EDT) -- Texas' highest court on Friday denied a bid by JPMorgan Chase Bank NA to delay a suit to take away its control of oil and gas interests worth millions of dollars, overruling the bank's objection to proceeding without the participation of every mineral rights beneficiary.

Without comment, the Texas Supreme Court denied JP Morgan’s petition for writ of mandamus, in which it argued that the suit should not go forward until all 259 beneficiaries of the South Texas Syndicate Trust join the suit to overthrow the...
To view the full article, register now.