Fifteenth Court of Appeals Dismisses First Reported Derivative Action Appeal from Business Court Following Joint Settlement Motion
In Firoz Dhamani v. Mustapha Oulad-Chikh, derivatively on behalf of Global Real Estate, LLC, the Fifteenth Court of Appeals granted a joint motion to dismiss with prejudice an appeal from Business Court Division 1A of Travis County. The March 26, 2026 memorandum opinion resolved an appeal from a May 23, 2025 order in a derivative action involving Global Real Estate, LLC.
Background and Procedural Posture
This appeal arose from an order signed May 23, 2025, by Business Court Division 1A of Travis County in a derivative action brought by Mustapha Oulad-Chikh on behalf of Global Real Estate, LLC against Firoz Dhamani. The case was assigned trial court cause number 25-BC01A-0014. Dhamani appealed to the Fifteenth Court of Appeals.
The Parties' Joint Motion and Dismissal
On March 20, 2026, the parties filed a joint motion to dismiss the appeal with prejudice under Texas Rule of Appellate Procedure 42.1. The Fifteenth Court of Appeals granted the motion in a brief per curiam memorandum opinion issued March 26, 2026, stating simply:
This is an appeal from an order signed May 23, 2025. On March 20, 2026, the parties filed a joint motion to dismiss the appeal with prejudice. See Tex. R. App. P. 42.1. The motion is granted.
The court then ordered:
We dismiss the appeal with prejudice.
Significance for Texas Business Court Practice
While the memorandum opinion provides no substantive legal analysis of the underlying dispute, the case confirms that Business Court Division 1A is handling derivative actions involving limited liability companies. The panel consisted of Chief Justice Brister and Justices Field and Farris. The dismissal with prejudice indicates the parties reached a resolution that disposed of the appeal on a final basis.