Anglo - Dutch Petroleum International, Inc. and Anglo - Dutch (Tenge) LLC v. Littlemill Limited

CourtCourt of Appeals of Texas
DecidedOctober 2, 2007
Docket14-06-00921-CV
StatusPublished

This text of Anglo - Dutch Petroleum International, Inc. and Anglo - Dutch (Tenge) LLC v. Littlemill Limited (Anglo - Dutch Petroleum International, Inc. and Anglo - Dutch (Tenge) LLC v. Littlemill Limited) is published on Counsel Stack Legal Research, covering Court of Appeals of Texas primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook
Anglo - Dutch Petroleum International, Inc. and Anglo - Dutch (Tenge) LLC v. Littlemill Limited, (Tex. Ct. App. 2007).

Opinion

Affirmed in Part and Reversed and Remanded in Part and Memorandum Majority and Concurring Opinions filed October 2, 2007

Affirmed in Part and Reversed and Remanded in Part and Memorandum Majority and Concurring Opinions filed October 2, 2007.

In The

Fourteenth Court of Appeals

____________

NO. 14-06-00921-CV

ANGLO-DUTCH PETROLEUM INTERNATIONAL, INC. AND

 ANGLO-DUTCH (TENGE) LLC, Appellants

V.

LITTLEMILL LIMITED, Appellee

On Appeal from the 152nd District Court

Harris County, Texas

Trial Court Cause No. 2004-60996

M E M O R A N D U M   M A J O R I T Y   O P I N I O N


Appellee, Littlemill Limited, filed suit against appellants, Anglo-Dutch Petroleum International, Inc. and Anglo-Dutch (Tenge) LLC, for breach of contract and other causes of action.  The trial court granted appellee=s motion for partial summary judgment holding that the contracts were valid and enforceable.  The trial court then granted appellee=s motion for summary judgment on appellee=s contract damages and attorneys= fees.  In two issues, appellants contend that: (1) the trial court erred in concluding the contracts at issue were valid and enforceable and that appellants had breached the contracts as a matter of law; and (2) the trial court erred in awarding appellee its attorneys= fees.  We affirm in part and reverse and remand in part.

Factual and Procedural Background

For reasons not relevant to this appeal, appellants filed suit against Halliburton Energy Services, Inc. (AHalliburton@) and Ramco Oil and Gas, Ltd. (ARamco@).  Appellants sought damages in the amount of $677 million in their lawsuit against Halliburton and Ramco.  Faced with the expense of maintaining the lawsuit, as well as operating their business, and unable to obtain bank loans due to a lack of collateral, appellants sought to raise money by soliciting investors in its litigation with Halliburton and Ramco.  Appellants entered into Claims Investment Agreements in which investors agreed to fund the litigation and office expenses of appellants in return for a portion of the cash recovery, if any, from Halliburton and Ramco.  The investors were divided into four tiers, with each tier taking priority over the lower tiers in the event appellants were successful in their lawsuit against Halliburton and Ramco.


Appellee became a third-tier investor when it signed three Claims Investment Agreements (the AAgreements@) in which it agreed to invest a total of $149,972.  Appellants agreed that if they made a cash recovery in their lawsuit against Halliburton and Ramco, they would pay appellee its initial investment, plus ninety percent of the amount of the initial investment, plus an additional ninety percent of the initial investment for every year that passed from the date of the agreement to a final recovery.[1]  In addition, appellants and appellee agreed that A[i]f a final disposition or settlement of the [Halliburton and Ramco] lawsuit fails to result in a cash recovery, as defined herein, for whatever reason, then [appellants] shall have no obligation to make any payment to [appellee] for any portion of the investor=s total return.@

Appellants= suit against Halliburton and Ramco went to trial and the jury awarded damages against Halliburton in excess of $64 million and against Ramco for $6.4 million.[2]  Appellants and Halliburton subsequently entered into a settlement agreement, the terms of which are undisclosed.[3]  Following the settlement, appellants contacted their litigation investors, including appellee, and attempted to negotiate a reduced payment contrary to the terms of the Claims Investment Agreements.  Appellants alleged for the first time in letters to the investors that the Claims Investment Agreements, which they prepared and provided to the investors, were contrary to public policy and unenforceable under Texas law.  Appellee refused appellants= offer of reduced payments and filed suit against appellants asserting causes of action for breach of contract, fraud, and conspiracy to breach the Agreements and to commit fraud.  Appellee also sought a declaration that the Agreements were valid and enforceable, and that the transactions were not loans.


On May 17, 2006 the trial court signed its Amended Order Granting Partial Summary Judgment in appellee=s favor as to appellee=s breach of contract claims against appellants.  In that order, the trial court found that the Agreements were valid and enforceable, and that appellants had breached them.  On June 6, 2006, the trial court granted appellee=s motion for summary judgment as to appellee=s breach of contract damages and attorneys= fees.  The trial court awarded appellee $440,315.00 in contractual damages and $130,641.75 in attorneys= fees.[4]  On July 10, 2006, the trial court severed all claims except appellee=s breach of contract claim against appellants into a separate lawsuit making the summary judgments on appellee=s breach of contract claim final and appealable.  This appeal followed.

Discussion

This is a summary judgment case.  In their first issue, appellants assert the trial court erred when it concluded that the Agreements were valid and enforceable,  and that appellants, by not paying appellee the contractually agreed amount, breached the Agreements.  In their second issue, appellants assert the trial court erred when it granted appellee=s motion for summary judgment and awarded appellee

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Anglo - Dutch Petroleum International, Inc. and Anglo - Dutch (Tenge) LLC v. Littlemill Limited, Counsel Stack Legal Research, https://law.counselstack.com/opinion/anglo-dutch-petroleum-international-inc-and-anglo--texapp-2007.