Earlier this month, in one of the first opinions in which the newly established Texas Business Court has addressed the merits of a claim, the court granted in part and denied in part a motion for summary judgment in Primexx Energy Opportunity Fund, LP v. Primexx Energy Corporation. The opinion provides a first look at how the newly established Texas court will compare to Delaware courts in its approach to a foundational issue for many limited partnerships: the extent to which partners can modify or even eliminate their fiduciary duties and obligations by contract.
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