Schmidt v. Richardson

OPINION

Opinion by

Justice LEWIS.

This is an interlocutory appeal from the trial court’s granting of a temporary in*444junction. The injunction granted relief to both Colin Richardson, who brought shareholder derivative claims on behalf of Sun River Energy, Inc. (“Sun River”), and Steven R. Henson, who brought individual claims below. For the reasons discussed below, we reverse the trial court’s Order Granting Temporary Injunction (the “Order”) and remand the case to the trial court for further proceedings.

Background

Sun River is an oil and gas company. Its primary asset is a significant mineral…