Main Content
Breaking News
Exclusive
Outline
Update: Republicans Sweep Dallas, Houston Court of Appeals Elections, Get Wins in SA - In a stunning political reversal from six years ago, Republican candidates for the Fifth Court of Appeals in Dallas ran the table in Tuesday’s elections. Republican judges made significant gains on the First, Fourth and Fourteenth Courts of Appeals as well. November 6, 2024Mark Curriden
Top Stories
Top Stories
David Aaronson Moves to O’Melveny - Aaronson, a veteran of O&G transactions in the upstream and midstream sectors, departs Orrick where he landed in 2022. November 6, 2024Allen Pusey
East Texas Jury Clears Nokia In Patent Case - A federal jury in Marshall deliberated about an hour and a half Wednesday before returning its verdict for Nokia. Correct Transmission had sought to prove Nokia infringed on three of its patents and should pay about $35 million. November 5, 2024Krista Torralva
Litigation Roundup: PEMEX, Shell Sued Over Fatal Gas Leak, Frost Bank Gets Arbitration Win - In this edition of Litigation Roundup, we offer details on a recent $1.3 million arbitration win a team from Greenberg Traurig secured for Frost Bank, identify the law firm pursuing litigation in the wake of a fatal helicopter crash in Houston and explain a ruling from U.S. District Judge Robert Pitman that will likely change who can build transmission lines in Texas. November 5, 2024Michelle Casady
Foley Advises TGI Friday’s in Bankruptcy Filing - TGI Friday’s Inc. and 23 of its subsidiaries filed for Chapter 11 bankruptcy protection in the Northern District of Texas over the weekend. In its bankruptcy petition, TGI Friday’s claims $100 million to $500 million in debts and the same range for assets. The Dallas-based company owns 39 actual bar-and-grill restaurants across the U.S. None of the TGI Friday’s franchised operations are part of the Chapter 11. November 4, 2024Mark Curriden
Nokia Says Dallas-Area Company is ‘Overreaching’ in Pursuit of $35M Patent Infringement Verdict - Correct Transmission, which offices in Allen, rested its case Friday after a damages expert testified that Nokia owes $35 million for its alleged infringement of three patents covering technology used in routers. Nokia denies it uses the patented technology and is challenging the validity of one of the patents. November 1, 2024Krista Torralva
Sonida Selects a New GC: Tabitha Bailey - Dallas-based Sonida Senior Living Corporation has hired former Avantax General Counsel Tabitha Bailey as its new chief legal officer starting Jan. 1. November 1, 2024Mark Curriden
V&E Announces New Denver Office - The Houston-based firm announced on Halloween that it is launching a Denver office led by three leading corporate partners at the firm. V&E has been involved in several deals in the region this year. October 31, 2024Brooks Igo
Centerpiece
CDT Roundup: 12 Deals, 11 Firms, 107 Lawyers, $52.8B - A $50 billion data center joint venture is nothing to ignore. Neither are the footnotes that occasionally accompany a monumental deal. The CDT Roundup this week looks at the big numbers that are building up around AI-driven data centers, and a few tiny cautions about what to expect of them. FYI, we didn't ignore our usual roster of last week's deals — even those under $50 billion. November 3, 2024Allen Pusey
The Vanishing Texas-based Corporate Law Firm - At midnight on Dec. 31, the sign on the front door at Locke Lord will come down, and the corporate law firm’s 130-year history as a Dallas-based institution will come to an end as the result of a merger with Troutman Pepper. Over the last dozen years, more than 30 business law firms headquartered in Dallas, Houston, Austin and San Antonio have merged with or been swallowed up by larger, more profitable corporate law firms seeking to enter the thriving Texas business market or expand specific practice areas. None of them call Texas HQ anymore.
Since 2012, seven of the 25 largest Texas-based corporate law firms have merged out of existence. Legal industry analysts predict that more Texas legacy firms — small, medium and large — will be takeover targets within the next 18 months. October 31, 2024Mark Curriden
Since 2012, seven of the 25 largest Texas-based corporate law firms have merged out of existence. Legal industry analysts predict that more Texas legacy firms — small, medium and large — will be takeover targets within the next 18 months. October 31, 2024Mark Curriden
Expert Voices
Joint Ventures Demystified — A Practitioner’s Guide to Structuring Successful Partnerships - In today’s global business environment, market participants continuously seek innovative ways to grow their businesses, obtain capital to execute their business plans and leverage shared resources. One popular strategy is forming a joint venture, which is a business arrangement where two or more parties pool resources to achieve a common commercial goal. Structuring a JV is complex, and success hinges on careful planning, negotiation and management, as poorly structured JVs can lead to conflicts, inefficiencies and ultimately failed outcomes.
This article explores several key issues to be addressed when forming a joint venture and provides a roadmap for avoiding some common pitfalls that derail many partnerships. By carefully defining a JV’s scope, negotiating for appropriate consent rights, protecting against leakage from affiliate agreements, addressing fiduciary duties and establishing clear transfer provisions, parties can create a JV structure that helps to ensure alignment and maximizes the likelihood of success for all involved. November 4, 2024Robert Little & Jonathan Sapp
This article explores several key issues to be addressed when forming a joint venture and provides a roadmap for avoiding some common pitfalls that derail many partnerships. By carefully defining a JV’s scope, negotiating for appropriate consent rights, protecting against leakage from affiliate agreements, addressing fiduciary duties and establishing clear transfer provisions, parties can create a JV structure that helps to ensure alignment and maximizes the likelihood of success for all involved. November 4, 2024Robert Little & Jonathan Sapp
DOJ’s Updated Corporate Compliance Guidance Gives Companies More Reasons to Focus on AI and Technology - Tracking themes apparent in other recent guidance issued by DOJ, companies now have more reason to focus on AI and the effective use of emerging technologies and data analytics, even when engaging in M&A deals, to enhance corporate compliance programs. Perhaps most significantly, the DOJ now asks companies to demonstrate how they are utilizing newly available technology such as AI and whether the companies have adequately prepared for the risks associated with using such technologies. October 31, 2024Fry Wernick & Zach Terwilliger
Stories You Might’ve Missed
- The Dallas Morning News, The Texas Lawbook Form News Partnership - The Texas Lawbook, the largest and most influential legal publication in Texas with more than 16,000 paid subscribers, is expanding its reach into the Texas business community with a new content partnership with The Dallas Morning News. October 3, 2024Mark Curriden