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Summary Judgment in Favor of Executive Rights Holder Reversed on Appeal

Brett Kutnick and Jennifer Rangel Stagen successfully represented plaintiff Betty Lou Bradshaw, the holder of a non‑participating royalty interest, in her appeal of the trial court’s orders granting summary judgment to multiple defendants on her claims for breach of fiduciary duty, conspiracy, and a constructive trust. After Brett Kutnick presented oral argument, the Court of Appeals for the Second District of Texas in Fort Worth held that the executive rights holder owed a fiduciary duty to Ms. Bradshaw and that genuine issues of material fact existed as to whether the executive rights holder breached its fiduciary duty to Ms. Bradshaw.  The court therefore reversed the trial court’s orders granting summary judgment to the defendants and remanded the case to the trial court for further proceedings.  Bradshaw v. Steadfast Financial, L.L.C., 39 S.W.3d 348 (Tex. App.—Fort Worth 2013, pet. filed).