Oil Developer Can't Target Biz Partners, Texas Court Says

Law360, Dallas (May 15, 2013, 4:07 PM EDT) -- A Texas appeals court on Tuesday held an oil and gas developer waited too long to sue individuals in a partnership that failed to contribute operating expenses after the partnership itself was hit with a judgment for the contract breach.

A three-judge panel of the Amarillo Court of Appeals issued majority, concurring and dissenting opinions in the case, which affirmed a trial court decision blocking American Star Energy & Minerals Corp. from pursuing claims against the partners of S&J Investments LLC.

The majority decision interpreted the...
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