Expert Witness: Hunt’s Learjet Value is Significantly Diminished

By Natalie Posgate
Staff Writer for The Texas Lawbook

DALLAS (April 22) – Hunt’s first expert witness testified Friday that the damages Hunt’s corporate jet suffered diminished the value of the aircraft by 16 to 18 percent, which he said was a “significant” amount.

The cause of the diminished value, Hunt claims, is due to damage the Dallas-based oil and gas company’s Learjet engine underwent due to mass blade retainer failure and domestic object damage. Hunt discovered this in 2011 after one of the jet’s engines failed to start during pre-flight operations.

The Texas Lawbook is providing extensive daily coverage on the trial. Check here for updates Spoiler alert: Hunt's first expert witness testified Friday morning says the diminished value of Hunt's Learjet is "significant."

Study: Businesses Spending More on Litigation, Arbitration & Investigations

By Mark Curriden, JD
Senior Writer for The Texas Lawbook

HOUSTON (April 15) – Businesses in Texas and across the U.S. continue to spend more and more money on legal fees to fight high-stakes litigation and to deal with a growing number of regulatory enforcement actions from state, local and federal government agencies, according to a new survey scheduled to be released Tuesday.

Norton Rose Fulbright’s 10th Annual Litigation Trends Survey found that 71 percent of corporations spent $1 million or more on litigation costs in 2013 – up from 53 percent the two previous years. More than 26 percent of companies saw their litigation costs exceed $10 million last year – an increase from 11 percent in 2011.

Also, Marsha Gerber and Richard Smith take an indepth look into survey results about an increasingly active regulatory environment, and William Wood discusses why energy companies are concerned about the jump in investigations and regulatory matters.

Norton Rose Fulbright’s Litigation Trends Survey Reveals an Increasingly Active Regulatory Environment

By Marsha Gerber and Richard Smith
Contributing Writers to The Texas Lawbook

(April 15) – Regulatory/investigations are near the top of the list of litigation concerns for senior in-house counsel, and more time is being spent on government or regulatory investigations in company legal departments.

ETP Demands $915 million from Enterprise

By Mark Curriden, JD
Senior Writer for The Texas Lawbook

(April 22) – Energy Transfer Partners is asking a judge to award it $914.6 million for damages it suffered over an alleged joint venture with Houston-based Enterprise Products Partners that failed in 2011.

Dallas Court Rejects Developer Billingsley’s Carrollton Airport Efforts

By Mark Curriden, JD
Senior Writer for The Texas Lawbook

(April 12) – The Dallas Court of Appeals, in a case that exposes the influence of big money on local politics, has rejected a complex legal effort by real estate developer Henry Billingsley to shut down a residential air park community in Collin County so that he could turn the airport and its land into a shopping and office center.

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Energy Companies Concerned About Jump in Investigations and Regulatory Matters

By William D. Wood
Contributing Writer to The Texas Lawbook

(April 15) – Energy company general counsel face significantly different litigation issues than the corporate legal departments in other business sectors. Norton Rose Fulbright's 10th Annual Litigation Trends Survey found that 56 percent of energy GCs faced litigation over contract disputes during the past year. Personal injury and environmental/toxic tort litigation were the next, followed closely by labor and employment.

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Norton Rose Fulbright Builds Chemistry On Way to Setting BP MS 150 Record

By Dan McClure
Special Contributing Writer to The Texas Lawbook

(April 22) – The firm fielded a team of 142 riders from 24 different offices in 11 countries were represented, including all of the firm's Texas locations. They raised more than $250,000 to battle multiple sclerosis and benefited from a wonderful team-building experience.