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CRUTCHER-TUFTS RESOURCES, INC. v. TUFTS

No. 2010-CA-1254.

61 So.3d 41 (2011)

CRUTCHER-TUFTS RESOURCES, INC., Crutcher-Tufts Resources, L.P., Albert B. Crutcher, Jr., Frederick J. Tufts, Allison McAshan, and Crutcher Oil and Gas-III, L.P. v. J. David TUFTS, III, Tufts Energy, L.L.C., Claudia Tufts, Robert Tufts, and Hal Simeon, in his capacity as a trustee of the JDT/CLT Family Trust.

Court of Appeal of Louisiana, Fourth Circuit.

February 9, 2011.

Attorney(s) appearing for the Case

Robert A. Kutcher , Nicole S. Tygier , Chopin Wagar Richard & Kutcher, LLP, Metairie, LA, for Plaintiff/Appellee, Crutcher-Tufts Resources, L.P., through Trevor G. Bryan, Liquidator.

Walter C. Thompson, Jr. , Charles M. Pisano , Jan K. Frankowski , Barkley & Thompson, L.C., New Orleans, LA, for Defendant/Appellant, J. David Tufts, III.

(Court composed of Judge PATRICIA RIVET MURRAY, Judge EDWIN A. LOMBARD, Judge PAUL A. BONIN).

PATRICIA RIVET MURRAY, Judge.

J. David Tufts, III, appeals the trial court's granting of partial summary judgment finding him liable for any damages caused to Crutcher-Tufts Resources, LP by his improper signing of certain hedge contracts on its behalf. For the reasons that follow, we reverse the trial court's granting of partial summary judgment.

FACTS AND PROCEEDINGS BELOW

This lawsuit, which began in 2002, essentially involves allegations of mismanagement...

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