SMU Corporate Governance Initiative Cox School of Business and Dedman School of Law

SMU Corporate Governance Initiative · research preview

The Hilltop Docket

Intelligence on the Texas Business Court — read from the signed opinions and cited to the paragraph.

  • 123 Opinions in corpus as of 2026-08-18
  • 2026 Tex. Bus. 60 Latest opinion signed August 17, 2026
  • 550 Cases monitored Business Court & 15th COA
  • 15 Issues published through August 2026

Editions

Every issue, newest first

Published as warranted — typically weekly during the research preview. Each issue is written from the signed opinions and the docket of record; the archive is open.

Latest · No. 15 · August 24, 2026

Is a corporate bond indenture a trust? The Texas Business Court says no — and in Delaware, $800,000 to the lawyers with a ruling from nobody.

Read the issue →

Full archive →

About the publication · The Hilltop Docket

The Hilltop Docket is the SMU CGI intelligence brief on the Texas Business Court, combining opinion summaries, new-petition treatments, weekly hearing schedules, and editorial briefs into dated issues published as warranted; typically weekly during the research-preview period.

A research publication of the SMU Corporate Governance Initiative at SMU Cox and SMU Dedman Law. Every case treatment names the source record it rests on — opinion PDF, docket metadata, filing of record, or a source-pending label. The archive is open.

  • 15Issues published · through August 2026
  • As warrantedTypically weekly cadence
  • Source-statuslabeled

By the numbers

Nearly two years of the Business Court at a glance

Charts derived from the SMU CGI Live Monitor's verified opinion corpus and the Hilltop Docket source-status taxonomy. Color coding by division and doctrinal family is held consistent across this site. Each chart is interactive — click to enlarge.

Cumulative opinions and quarterly postings Cumulative opinions and quarterly postings to the official index 2024 Q4 – 2026 Q3 · n = 123 opinions · dates are the register’s opinion dates 30 60 90 123 10 20 30 8 12 13 12 18 14 26 20 H.B. 40 eff. Sept. 1, 2025 123 2024 Q4 2025 Q1 2025 Q2 2025 Q3 2025 Q4 2026 Q1 2026 Q2 2026 Q3 Per-quarter postings (bars, right axis) Cumulative opinions (line, left axis) Source: opinions.json · generated 2026-08-18 · verified vs live feed 2026-08-18 · regenerated by phase6v_build_hd_figures.py
Figure V-1. Cumulative opinions and per-quarter postings to the court’s official index, October 2024 through August 2026 (n = 123). Bars: opinions posted per quarter (right axis). Line: cumulative opinions (left axis). Dates are register posting dates; signed dates can differ by a day or more. Reference marker: H.B. 40 transition (Sept. 1, 2025) lowering the qualified-transaction threshold from $10 million to $5 million.
Three more charts & method notes
Opinions posted by division and quarter Opinions posted by division and quarter Five operational divisions × eight quarters · color intensity = opinion count · division labels normalized at ingest 1st Div. Dallas 3 4 3 5 4 5 7 8 39 3d Div. Austin 4 1 2 1 1 1 1 11 4th Div. San Antonio 2 1 1 2 2 2 2 12 8th Div. Fort Worth 1 4 2 7 4 4 3 25 11th Div. Houston 2 4 4 2 4 2 12 6 36 2024 Q4 2025 Q1 2025 Q2 2025 Q3 2025 Q4 2026 Q1 2026 Q2 2026 Q3 Total Source: opinions.json · generated 2026-08-18 · divisions normalized at ingest (BM 152.629) · regenerated by phase6v_build_hd_figures.py
Figure V-2. Per-quarter opinions posted, by division. The First Division (Dallas, 39) and Eleventh Division (Houston, 36) account for the largest shares of opinion output; the Eleventh Division’s 2026 Q2 cell (12) is the largest single division-quarter total in the corpus. Division spellings normalized across four register variants.
Doctrinal taxonomy — top tags by opinion count Doctrinal taxonomy — top tags by opinion count Color = doctrinal family · area ∝ frequency · tags from per-opinion mapping (231 tag-instances across 122 of 123 opinions) Contract construction 39 Damages & remedies 24 Amount in controversy 18 Qualified transaction 15 Commencement date 14 Plea to the jurisdiction 14 Fiduciary duty 11 Rule 166(g) 10 Removal timeliness 9 Rule 91a dismissal 9 Jurisdiction & Removal Procedure Substantive — Entity Substantive — Contract & Commercial Substantive — Other Source: tags.json · regenerated 2026-08-18 · spliced 2026-08-18 by phase6v_build_hd_figures.py
Figure V-3. Distribution of opinion tag instances across the SMU CGI doctrinal taxonomy (231 tag instances across 122 of 123 opinions; live tags.json, regenerated 2026-08-18). Contract construction remains the most-tagged single doctrine. One opinion — In re Radical Hoops, 2026 Tex. Bus. 55 — is queued for classification.
Live monitor freshness — minutes since last sync FEED AGE 30 min Opinions fetched twice daily · alerts target 30 min
Figure V-4. Feed freshness, measured. The ring and counter show minutes since the opinions feed’s own generated_at_iso stamp — not a wall-clock animation. Green under 45 minutes; flagged stale beyond that. The opinions register is fetched on a scheduled twice-daily cadence; the 30-minute target applies to the re:SearchTX alert channels (cases, filings, and hearings), which are source-limited.

Figures V-1 and V-2 are rendered from the canonical opinions.json (123 opinions, division-normalized) and were regenerated against the live feed on 2026-08-18. Figure V-3 is rendered from the live tags.json (regenerated 2026-08-18; 231 tag instances across 122 of 123 opinions). Figure V-4 measures live feed age. Click any figure to enlarge. The ring measures feed generation age, not channel health: the re:SearchTX alert channel is currently degraded, and docket events arrive through verified manual backfill, as disclosed on the Live Monitor.

Recurring elements

Six recurring sections

Opinions, new petitions, hearings, editorial briefs, cognate-jurisdiction coverage, and primary-source excerpts.

What’s in every issue

Each edition is built atop the SMU CGI live-monitor pipeline. The live monitor checks source channels on separate cadences. Opinions are checked against the official Texas Judicial Branch opinions page; cases, filings, and hearings are drawn from permitted re:SearchTX alert or export channels and are source-limited. Each issue is reviewed by a human editor before publication.

From the editor

Editorial commentary on the day's most consequential development — a new opinion, a doctrinal shift, a notable filing or hearing.

From the Bench

Case-by-case treatment of newly issued TBC opinions — caption, citation, ruling, procedural posture, numbered holdings, and tagged keywords for cross-edition search.

Summaries of New Petitions

Structured summaries of newly filed TBC cases surfaced by the alert channels — parties, counsel, claims, jurisdictional basis, and any preliminary motions pending.

Hearings & Calendar

Selected hearings, conferences, and trials across all five currently operational divisions, as surfaced by the alert channels (First · Dallas; Third · Austin; Fourth · San Antonio; Eighth · Fort Worth; Eleventh · Houston), with case captions and motion types.

Cross-Jurisdiction

Developments outside Texas that bear on Business Court litigants and doctrine — Delaware Chancery, Nevada’s business courts, the federal courts, SEC actions.

Verbatim

Quoted excerpts from court orders and opinions, presented as primary source material with citation and link to source PDF where available.

Editorial

Standards.

Editorial standards in full

Primary sources only.

Every verified factual claim in The Hilltop Docket is anchored in a primary source — a court opinion, a public filing, an enacted statute, or a transcript. Footnote URLs point to primary sources, not commentary. Claims of fact rest on filings, opinions, statutes, dockets, and transcripts. Attributed practitioner commentary may be linked — and is labelled as commentary — but it is never load-bearing: no holding or definitive docket status stands on secondary reporting, and any fact resting on secondary reporting is labelled as such.

Human review.

Every opinion summary is reviewed by a human editor against the court's actual order before publication. We do not publish AI-generated summaries that no person has read. We mark our sources, we mark our methods, and we mark our editors. The masthead identifies the editor responsible for each issue.

Independence.

The Hilltop Docket is a research publication of the SMU Corporate Governance Initiative. Interpretations are the authors' own.

Editor

Shane Goodwin, Ph.D., LL.M.

Executive Director, SMU Corporate Governance Initiative
Professor of Practice in Finance, SMU Cox School of Business
Adjunct Professor of Law, SMU Dedman School of Law
sgoodwin@smu.edu · Faculty profile

Questions

Frequently asked.

Frequently asked

Is The Hilltop Docket free?

Yes — free during the research preview. Any future change will be announced on this page before it takes effect.

How often will it publish?

Publishing as warranted; typically weekly during the research-preview period. The inaugural Issue No. 1 was published on Wednesday, May 20, 2026 (soft launch); public launch was Friday, May 22, 2026. The companion live monitor at smucgi.org/research/texas-business-court/opinions/ updates its docket-alert channels on a target 30-minute cadence and fetches the opinions register twice daily (actual freshness disclosed on the monitor), regardless of digest cadence.

Who is on the editorial team?

Editorial direction by Shane Goodwin (Executive Director, SMU CGI). Case-level review by SMU CGI research staff and Dedman Law students. Data pipeline by SMU CGI. A complete masthead is at /hilltop-docket/about/.

How do I cite a Hilltop Docket edition?

Recommended citation: The Hilltop Docket, Issue No. [N], [Section name] ([Date]), https://smucgi.org/hilltop-docket/[YYYY-MM-DD]/. We track our own corpus with stable URLs that will not change as the site evolves.

Can I redistribute or quote?

Editorial content is © SMU Corporate Governance Initiative. Fair-use quotation with attribution and link is welcome. For broader redistribution, please write to sgoodwin@smu.edu. The case summaries themselves are reportorial; the underlying court orders are public.

Subscribe

Future editions of the Hilltop Docket are distributed by email to interested practitioners, scholars, and Texas Business Court counsel.

By subscribing you consent to receive editions of The Hilltop Docket. You can unsubscribe at any time. We do not sell subscriber data. Buttondown processes email addresses to deliver the newsletter and manage subscriptions. Privacy policy.

How we work

Editorial standards.

How we work — sources, citations, conflicts

Our disciplines: primary sources, human review, declared conflicts, and a refusal to take paid placement on coverage.

01 / Sources

Court text, dockets, filings of record.

Opinions are pulled from txcourts.gov/businesscourt; dockets from re:SearchTX; statutes from capitol.texas.gov. Practitioner blogs may appear in scholarship cites but are never load-bearing.

02 / Citations

Citation discipline on every entry.

Per-opinion entries follow Bluebook 21st short-form conventions; sequential per-year citations are preserved (e.g., 2026 Tex. Bus. 29 follows 28).

03 / Review

Every opinion summary read by a human editor.

AI assists with first-pass extraction. Every published characterization is read against the underlying opinion PDF; errors are corrected at the source with a dated note.

04 / Independence

No party may purchase coverage. Conflicts declared in-issue.

SMU CGI is funded institutionally. The Hilltop Docket accepts no paid placement and declares conflicts in the closing section of each issue. Editorial policy.