Longview Energy Company v. the Huff Energy Fund Lp, Wrh Energy Partners LLC, William R. "Bill" Huff, Rick D'angelo and Riley-Huff Energy Group Llc
Texas Supreme Court
1Opinion of the CourtJustice Johnson
This case involves the questions of whether two directors breached their fiduciary duties to a corporation, and if so, whether the evidence and jury findings support the remedies imposed by the trial court.
Longview Energy Company sued two of its directors and entities associated with them after discovering one of the entities, Riley-Huff Energy Group LLC, purchased mineral leases in an area where Longview had been investigating the possibility of buying leases. The case was tried to a jury, which found that the directors breached their fiduciary duties to Longview in two ways: by usurping a…
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