Texas Supreme Court Weekly Update May 29, 2015
This week, the Texas Supreme Court released one opinion dealing with the standing of a shareholder of a closely held corporation to bring a derivative lawsuit under Texas law. Sneed v. Webre, Case No. 12-0045: http://www.txcourts.gov/media/989197/120045.pdf In this case, the Court was asked whether a shareholder in a parent company of a Texas closely held corporation had standing to pursue…