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BEACH CAPITAL P'SHIP v. DEEPROCK VENTURE

No. 01-11-00968-CV.

442 S.W.3d 609 (2014)

BEACH CAPITAL PARTNERSHIP, L.P., Gary M. Beach, Playa Oil and Gas GP LLC, and Playa Oil & Gas LP, Appellants v. DEEPROCK VENTURE PARTNERS LP and Paul Touradji, Appellees.

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

Rehearing Overruled October 1, 2014.

Attorney(s) appearing for the Case

David E. Keltner , Kelly Hart & Hallman LLP, Fort Worth, TX, C. Andrew Weber , Kelly Hart & Hallman LLP, Austin, TX, for Appellants.

Jeff Potts , Smyser Kaplan & Veselka, L.L.P., Houston, TX, Sean O'Brien , Sara Welch , O'Brien LLP, New York, NY, for Appellees.

Panel consists of Chief Justice RADACK and Justices MASSENGALE and HUDDLE.

OPINION

REBECA HUDDLE, Justice.

This appeal arises from a business partnership gone sour. A jury found breaches of fiduciary duties by both sides, breach of a partnership agreement by Beach Capital, and fraud by Gary Beach, chief executive officer of Playa Oil and Gas LP, the partnership at the heart of the dispute. The trial court's judgment ordered Beach and one of the entities under his control to pay damages, attorney's fees, and costs, and dissolved...

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