The Texas Supreme Court granted the petition for review in Longview Energy Co. v. The Huff Energy Fund, 482 S.W.3d 184 (Tex. App.—San Antonio 2015, pet granted). In this case, the plaintiff asserted a breach of fiduciary duty claim arising from allegations that directors breached duties by usurping a
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Court Holds That An Officer Can Negotiate New Employment Without Breaching Fiduciary Duties
By David Fowler Johnson on
Posted in Items of Interest
In Great American Food Chain, Inc. v. Andreottola, a corporate officer and director negotiated and accepted employment with a competitor while still employed with his prior employer. No. 3:14-CV-1727-BK, 2016 U.S. Dist. LEXIS 27658 (N.D. Tex. March 4, 2016). After the officer terminated his employment, the prior employer sued…