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Two Houston Heavyweights Representing Ken Paxton Call Impeachment ‘Baloney’ and ‘Tomfoolery’ - At an Austin news conference, lawyers Tony Buzbee and Dan Cogdell promise a protracted fight to acquit the beleaguered attorney general. They also poked fun at the lead impeachment prosecutors, Rusty Hardin and Dick DeGuerin, saying the pair were introduced earlier by the Texas House “like they were the homecoming king and queen.” June 7, 2023Bruce Tomaso
Texas Lawyers Play Key Role in PGA, LIV Litigation That Led to Merger - Lawyers from Gibson Dunn in Dallas and Quinn Emanuel in Austin played key roles on the litigation teams behind antitrust litigation between the two rival tours. Mark Curriden has the names and details. June 6, 2023Mark Curriden
CDT Roundup: 12 Deals, 12 Firms, 138 Lawyers, $6.1B - PureWest was sold last week for $1.84 billion to an unusual consortium of family offices and financial institutions. But you knew that because we wrote about the 67 lawyers at four different firms that worked on it. But PureWest has an interesting history that winds from Wyoming to Appalachia through a couple of bankruptcies and a couple of different names. The CDT Roundup recounts that history, along with a list of the lawyers and firms who reported their deals last week. June 6, 2023Claire Poole
Litigation Roundup: SCOTX Takes Honda’s $25.9M Seatbelt Injury Appeal, Houston Firm Gets $9.8M Win in Mississippi - In this edition of Litigation Roundup, a Houston firm gets a $9.8 million verdict in a workplace fatality case while the Texas Supreme Court agrees to decide both if a libel suit brought against a newspaper by a prosecutor should be tossed and if a $25.9 million product liability jury verdict against Honda can stand. June 5, 2023Michelle Casady
Clifford Chance Officially Hangs Shingle in Houston - The Texas Lawbook exclusively reported on Friday that Jonathan Castelan joined the Magic Circle firm from Latham & Watkins' Houston office. Trevor Lavelle, a partner at Latham, will also be accompanying him. June 5, 2023Claire Poole
Dick Sayles’ Fourth and Final Act: Master of the Courtroom - Dick Sayles announced Friday that he has departed Bradley Arant to start The Sayles Law Firm with a unique business strategy: He is not seeking any new clients. He is hiring no additional lawyers. And his business plan calls for no future growth or expansion. Instead, Sayles, who has taken more than 150 complex commercial litigation disputes to trial, plans to use his independent status to work with lawyers at other firms, including Bradley Arant, who are involved in high-stakes courtroom battles. The Texas Lawbook has an exclusive interview. June 2, 2023Mark Curriden
Centerpiece
Gibson Dunn, Weil Lead Serta Simmons and Lenders to Bankruptcy Court Victory in SDTX - U.S. Bankruptcy Judge David Jones of Houston has approved the billion-dollar bankruptcy reorganization of mattress giant Serta Simmons, which also meant a monumental victory for a handful of investors in distressed debt and a huge legal defeat for some Wall Street leaders. The debt restructuring plan approved by Judge Jones cuts Georgia-based Serta Simmons’ secured debt from $1.9 billion to $315 million. In doing so, the judge coined a new term – position enhancement transaction or PET – that you need to learn.
The five-day trial was led for the Serta Simmons lenders by new Gibson Dunn partner Gregg Costa. This was Costa’s first trial since retiring from the U.S. Court of Appeals for the Fifth Circuit and his first-ever trial in bankruptcy court. June 8, 2023Mark Curriden
The five-day trial was led for the Serta Simmons lenders by new Gibson Dunn partner Gregg Costa. This was Costa’s first trial since retiring from the U.S. Court of Appeals for the Fifth Circuit and his first-ever trial in bankruptcy court. June 8, 2023Mark Curriden
Expert Voices
Texas Business Court Poised to Usher in New Era of High Stakes Commercial Litigation - The Texas business litigation bar is abuzz with anticipation as the Texas business court bill from 2023 heads to Gov. Greg Abbott’s desk for signature. Arguably the most transformative change to the Texas judiciary since tort reform, the bill has potential to reshape the way businesses in Texas resolve complex disputes. Despite many open questions, the bill, which would require the business court to begin hearing qualifying cases beginning on Sept. 1, 2024, stands to impact business litigation in Texas sooner than later. May 31, 2023Anna Rotman, Nick Brown & Ben Barnes
Stories You Might’ve Missed
- Texas Law Schools Make Jumps in 2024 U.S. News Rankings - U.S. News & World Report had to delay its release of the 2024 rankings after some institutions raised questions about the data. The new list shows the University of Texas at Austin School of Law still leads the state, but Texas A&M University School of Law is rising rapidly. May 12, 2023Michelle Casady