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NEFF v. BRADY

NO. 01-15-00544-CV.

527 S.W.3d 511 (2017)

Terry NEFF and Iron Workers Mid-South Pension Fund, Derivatively on behalf of Weatherford International, Ltd., Appellants v. Nicholas F. BRADY, David J. Butters, William E. Macaulay, Robert B. Millard, Robert K. Moses, Jr., Robert A. Rayne, Bernard J. Duroc-Danner, Burt M. Martin, and Weatherford International, Ltd., a Swiss Corporation, Appellees.

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

Opinion issued June 29, 2017.

Attorney(s) appearing for the Case

Joe Kendall , Jamie J. McKey , KENDALL LAW GROUP, LLP, 3232 McKinney Avenue, Suite 700, Dallas, TX 75204, George C. Aguilar , ROBBINS' ARROYO LLP, 600 B Street, Suite 1900, San Diego, CA 92101, for Appellants.

Noelle M. Reed , Wallis M. Hampton , Jason E. Beesinger , SKADDEN, ARPS, SLATE, MEAGHER & FLOM LLP, 1000 Louisiana, Suite 6800, Houston, Texas 77002, N. Scott Fletcher , Elizabeth G. Myers , JONES DAY, 717 Texas Street, Suite 3300, Houston, Texas 77002, Thomas F. Allen, Jr. , Margaret I. Lyle , JONES DAY, 2727 North Harwood Street, Dallas, Texas 75201-1515, Rebecca N. Brandt , LATHAM & WATKINS LLP, 811 Main Street, Suite 3700, Houston, Texas 77002, Colleen C. Smith (pro hac vice), LATHAM & WATKINS LLP, 12670 High Bluff Drive, San Diego, California 92130, Peter A. Wald (pro hac vice), LATHAM & WATKINS LLP, 505 Montgomery Street, Suite 2000, San Francisco, California 94111, Kevin H. Metz (pro hac vice), Marissa Boynton (pro hac vice), LATHAM & WATKINS LLP, 555 Eleventh Street, NW Suite 1000, Washington, D.C. 20004-1304, for Appellees.

Panel consists of Justices Jennings, Keyes, and Brown.

OPINION

Appellants, Terry Neff and Iron Workers Mid-South Pension Fund, derivatively on behalf of nominal defendant, Weatherford International, Ltd., a Swiss Corporation ("Weatherford"), challenge the trial court's orders dismissing their claims for breach of fiduciary duty, abuse of control, and corporate waste...

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