ALLEN v. DEVON ENERGY HOLDINGS, L.L.C.

No. 01-09-00643-CV.

367 S.W.3d 355 (2012)

Robert B. ALLEN, Appellant, v. DEVON ENERGY HOLDINGS, L.L.C. f/k/a Chief Holdings, L.L.C. and Trevor Rees-Jones, Appellees.

Court of Appeals of Texas, Houston (1st Dist.).

March 9, 2012.


Attorney(s) appearing for the Case

Gregg C. Laswell , J. Stephen Barrick , Hicks Thomas, LLP, Justin Brett Busby , Bracewell & Giuliani LLP, Houston, TX, for Appellant.

Roger D. Townsend , Alexander, Dubose & Townsend, LLP, Wallis M. Hampton , Charles W. Schwartz , Skadden, Arps, Slate, Meagher & Flom, LLP, David Michael Gunn , Beck, Redden & Secrest LLP, Robert M. Roach Jr. , Roach & Newton, L.L.P., Houston, TX, Carrie T. Carter , Craig A. Haynes , Michael Stockham , Scott P. Stolley , Thompson & Knight LLP, Dallas, TX, Scott Brister , Andrews & Kurth, Austin, TX, for Appellees.

Panel consists of Justices HIGLEY, BROWN, and HALBACH.


OPINION ON REHEARING1

HARVEY BROWN, Justice.

In this securities action, Robert Allen appeals from the trial court's summary judgment in favor of Devon Energy Holdings, L.L.C. formerly known as Chief Holdings, L.L.C. (Chief)2 and its manager and majority owner, Trevor Rees-Jones.

Introduction

Two years after Allen redeemed his minority interest in Chief, Chief sold for almost...

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