KCM Financial LLC v. Bradshaw (Opinion)
Annotate this CaseAt issue in this oil and gas dispute was the validity of a mineral lease on nearly two thousand acres of land in north Texas. The non-participating royalty interest holder (non-executive) claimed the executive-right holder (executive) procured the mineral lease in breach of a duty of good faith owed to her. The non-executive further alleged that the lessee acted in concert with the executive in facilitating the breach of duty and that the executive’s ill-gotten gains were fraudulently transferred to third parties. The trial court granted a take-nothing summary judgment on all claims. The court of appeals reversed, concluding that issues of material fact existed that precluded summary judgment. The Supreme Court affirmed in part and reversed in part, holding (1) fact questions precluded summary judgment as to the non-executive’s breach-of-duty claim against the executive; but (2) summary judgment was proper as to the claims against the remaining defendants.
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