Simmons v. Compania Financiera Libano, S.A.

MAJORITY OPINION

MAURICE E. AMIDEI, Justice.

William H. Simmons, Mary Simmons Hensley, and the W.H. Simmons Trust, appellants, appeal a partial summary judgment and a judgment rendered in favor of Compañía Financiera Líbano, S.A. and Armando Fong Najarro (hereinafter “Compa-ñía”), appellees. Appellants and Compañía were opposing parties in a lawsuit filed in the 270th District Court in Harris County. In August 1996, appellants and Compañía entered and filed with the court a Rule 11 agreement to settle the suit. In this agreement the parties agreed, inter alia: (1) that appellants would transfer…