Texas Case Law Update

In Italian Cowboy Partners, Ltd. v. The Prudential Ins. Co. of America, ___ S.W.3d ___, 2011 WL 1445950 (Tex. Apr. 15, 2011), the Texas Supreme Court held that a fairly typical merger clause, absent an expressed clear and unequivocal intent to disclaim reliance or waive claims for fraudulent inducement, did not have the effect of precluding claims for fraudulent inducement.