Catalyst Strategic Advisors, L.L.C. v. Three Diamond Capital SBC, L.L.C., No. 23-20030 (5th Cir. 2024)
Annotate this CaseIn this case, the United States Court of Appeals for the Fifth Circuit ruled on a contractual dispute between Catalyst Strategic Advisors, LLC (Catalyst), a consulting firm, and Three Diamond Capital SBC, LLC, formerly known as Contractors Building Supply Company, LLC (CBS). The dispute arose when CBS refused to pay Catalyst a commission for a sale that occurred within 18 months after CBS terminated its contract with Catalyst. The court held that under the terms of the contract, Catalyst was entitled to a commission for any transaction completed within eighteen months after the termination of the contract. CBS argued that under Texas's procuring cause doctrine, Catalyst was not entitled to a commission because it did not procure the sale. However, the court held that the procuring cause doctrine was displaced by the terms of the contract. The court affirmed the district court's rulings and remanded the case to the district court for consideration of an award of appellate attorney's fees to Catalyst.
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