Legal Opinion
Maxus Energy Corp. v. Occidental Chemical Corp.
Texas Court of Appeals, 5th District (Dallas)
Decided February 1, 2008No. 05-06-01299-CVPublishedCited by 3 opinions
1Opinion of the Court
OPINION
Opinion by
Justice LANG-MIERS.
This appeal involves the interpretation of an indemnity provision in a stock purchase agreement. Maxus Energy Corporation appeals the trial court’s judgment in favor of Occidental Chemical Corporation. We affirm the judgment.
Background
On September 4, 1986, Maxus, then known as Diamond Shamrock Corporation, sold one hundred percent of the stock of Diamond Shamrock Chemicals Company (DSCC) to Oxy-Diamond Alkali Corporation pursuant to a stock purchase agreement. In that agreement, Maxus agreed to indemnify the buyer and its affiliates, including Occidental,…
2Cases cited21 opinions
- Rhone-Poulenc Basic Chemicals Co. v. American Motorists Insurance Co.Supreme Court of Delaware · 1992
- In Re D. Wilson Const. Co.Texas Supreme Court · 2006
- Lorillard Tobacco Co. v. American Legacy FoundationSupreme Court of Delaware · 2006
- State Farm Lloyds v. NicolauTexas Supreme Court · 1997
- Randy v. Progressive Northern Insurance Co.Supreme Court of Delaware · 2001
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3Cited by3 opinions
- TREMONT LLC v. Halliburton Energy Services, Inc.District Court, S.D. Texas · 2010
- Cabot Oil & Gas Corporation v. Healey, L.P., Texas Court of Appeals, 12th District (Tyler)2013
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