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The Texas Lawbook

Free Speech, Due Process and Trial by Jury

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Bill Hethcock of the Dallas Business Journal

DBJ: Prosecutors Get More Time to Tally Restitution in UDF Fraud Case

Federal prosecutors say that roughly 30,000 investors are victims of the UDF executives under the Crime Victims Rights Act. Sentencing is set for May 20.

April 28, 2022 Bill Hethcock of the Dallas Business Journal

DBJ: Federal Judge Dismisses Fraud Claims Involving $2B Wade Park in Frisco

The allegations in the case involved the financing for the former Wade Park project located along the “$5 Billion Mile,” a one-mile stretch of land in Frisco that’s home to The Star headquarters and training center for the Dallas Cowboys, Toyota Stadium, and various high-end, mixed-use developments such as Frisco Station and The Gate. 

March 9, 2022 Bill Hethcock of the Dallas Business Journal

DBJ: Concealment of Hedge Fund Manager Kyle Bass’ Bashing of UDF Grounds for New Trial, Defense Lawyers Say

Attorneys for UDF argue in new court filings that jurors should have been allowed to hear about a bitter rift pitting United Development Funding and CEO Hollis Greenlaw against Dallas hedge fund manager Kyle Bass.

February 21, 2022 Bill Hethcock of the Dallas Business Journal

DBJ: UDF CEO, Execs Seek New Trial After Securities Fraud Convictions

CEO Hollis Greenlaw and his colleagues at the Grapevine REIT have demanded a new trial after their securities fraud convictions last month. They claim a “mosaic of cumulative error” caused them to be wrongfully convicted of duping investors and banks in a scheme involving loans to developers of hundreds of residential communities across Texas.

February 17, 2022 Bill Hethcock of the Dallas Business Journal

DBJ: 30K Investors, Banks Bamboozled by UDF in Ponzi-like Scheme, Prosecutors Say

Roughly 30,000 victims nationwide lost money or were misled by the North Texas REIT and the firm’s executives, who were convicted last month of misusing proceeds from investors and financial institutions in a Ponzi-like scheme involving loans to residential housing developers across Texas, prosecutors said.

February 11, 2022 Bill Hethcock of the Dallas Business Journal

DBJ: UDF Execs to Remain Free Pending Sentencing on Securities Fraud Convictions

The CEO and three other executives of Grapevine-based United Development Funding convicted of securities fraud, wire fraud and conspiracy will be free while they await sentencing in May, a federal magistrate ruled Monday. The Dallas Business Journal is providing continuous coverage.

January 25, 2022 Bill Hethcock of the Dallas Business Journal

DBJ Reporter’s Notebook: UDF Execs to Return to Court After Convictions

Four top executives of a Grapevine-based residential development lender United Development Funding return to federal court today in Fort Worth after conviction for securities fraud. The Dallas Business Journal is providing continuous coverage.

January 24, 2022 Bill Hethcock of the Dallas Business Journal

DBJ: Jury Convicts All Four UDF Execs of Securities Fraud

The CEO of North Texas-based residential real estate development lender United Development Funding and three of his colleagues were found guilty late this afternoon on securities fraud, wire fraud and conspiracy charges. After nearly two days of deliberation, the jury convicted UDF CEO Hollis Greenlaw, CFO Cara Delin Obert, director of asset management Jeffrey Brandon Jester and partnership president and committee member Benjamin Lee Wissink on all counts. Dallas Business Journal reporter Bill Hethcock was in the courtroom every day and has the details on the verdict.

January 21, 2022 Bill Hethcock of the Dallas Business Journal

DBJ: Fate of UDF Execs in Jury’s Hands as Closing Arguments End

After a week-long trial, the fate of United Development Funding CEO Hollis Greenlaw and three other top executives at the North Texas-based residential real estate development lending firm is in the hands of the jury.

January 20, 2022 Bill Hethcock of the Dallas Business Journal

DBJ: Prosecution Rests, Defense Starts Calling Witnesses in UDF Trial

The Dallas Business Journal is providing continuous coverage of the trial. The defense put on its first witness yesterday and may call one of DFW’s largest developers of residential and mixed-use communities to the stand Wednesday.

January 19, 2022 Bill Hethcock of the Dallas Business Journal

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Features

  • William Turcotte’s Big Year: Bankruptcy, Two Major Mergers, a Pandemic, Marriage and a Cowboy’s Common Sense - Growing up the son of a South Texas rancher and educator, William Turcotte learned about facing tough times, long days of manual labor and the importance of a great education. Turcotte needed those principles the past two years as the general counsel at Noble Corporation. In a matter of months, he led the offshore drilling contractor in and out of bankruptcy, eliminating $3.4 billion in bond debt. Only weeks after emerging from Chapter 11, Noble acquired Pacific Drilling. In November 2021, Turcotte and Noble were at it again, closing a $3.13 billion all-stock merger with Maersk Drilling.

    “The joke was ‘You can always sleep when you’re dead,’” Turcotte told The Texas Lawbook. The Association of Corporate Counsel’s Houston Chapter and The Texas Lawbook have named Turcotte as one of two finalists for the 2022 Houston Corporate Counsel Award for General Counsel of the Year for a Small Legal Department.
    May 19, 2022Mark Curriden
  • Phillips 66 Team Used 11 p.m. Nightly Calls and Creative Legal Work to Complete $3.4B Transaction - Each night at 11 p.m. for nearly a year, Robert Task, Julie Pradel and Maine Goodfellow were on the phone discussing the problems they faced, the challenges lying ahead and the successes achieved that day. The three senior-level in-house counsel at Phillips 66 spent hundreds and hundreds of hours negotiating the terms, handling due diligence, doing the paperwork and getting the necessary approvals to push Phillips 66’s $3.4 billion acquisition of its limited partner, Phillips 66 Partners, over the finish line. Task, Pradel and Goodfellow faced multiple headwinds: stresses from the lingering pandemic, fluctuating oil and gas prices, rising interest rates, a tumultuous global economic environment and wild swings in stock prices. But they got the deal done and it is a finalist for the 2022 Houston Corporate Counsel Award for Transaction of the Year. May 17, 2022Mark Curriden

GCs, Lawyers & Firms

  • Gibson Dunn Adds Another PE Partner from Willkie - After only 16 months at Willkie, Jesse Myers has moved to Gibson Dunn. He joins former Willkie colleague, Michael De Voe Piazza, who made the move to Gibson in March. He also joins a cadre of transactional partners who have left Willkie in the past several months. Claire Poole has the details.
  • Two Energy Deal Lawyers Boomerang to Norton Rose Fulbright
  • TX GC Forum Honors Mary Kay’s Julia Simon for Ethics and Law
  • Capital Markets Pro Michelle Earley Moves to O’Melveny
  • Former Texas SG Kyle Hawkins Exits Gibson Dunn for Lehotsky Keller Litigation Boutique
  • Christopher Peponis Leaves White & Case for Latham
  • Updated — Answering a Call of Duty, KRCL Attorney Johnathan Jordan Joins Envy Gaming as VP of Legal
  • Jackson Walker’s Recruiting Chief on Recent Wave of Partner Hires, TX Legal Market and More
More GCs, Lawyers & Firms

Coming Soon

Please click here for an advance look at excerpts from Texas lawyer Marc Gravely’s upcoming book.

Firms in the News

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Akin Gump
Allegion
American Airlines
Ashford
AZA
Baker Botts
Bell Nunnally
BHP
Blueknight
Bracewell
Cardinal Midstream 
Citi Private Bank
Convene
Crescent Energy
Dykema
EnCap Flatrock
EN Engineering
Enoch Kever
Ergon
FBFK
Gibson Dunn
Gray Reed
Harrison Steck
Hilcorp
Hines
Holland & Knight
Hunton AK
Huntsman
Jackson Walker
Jones Day
K&L Gates
Kelly Hart
Kirkland
Kizzia Johnson
Lehotsky Keller
Locke Lord
Lynn Pinker
Mary Kay
McGuireWoods
Medical Informatics
Miller Bryant
Munck Wilson
Munsch Hardt
Norton Rose Fulbright
O'Melveny
Pan Capital Management
Phillips 66
Pillsbury
Precisely
Remington Hotels
Rogge Dunn Group
Schlumberger
Sentry Center Holdings
Shearman & Sterling
Shell 
Sheppard Mullin
Sidley
Siltstone Capital
Simpson Thacher
Stanley Access
Sun Communities
TG Advisers
TotalEnergies
V&E
Weil
White & Case

Lawyers in the News

Hover right to see full list

Will Anderson
Larry Barden
Will Becker
Lisa Bennett
Kathleen Bertolatus
David Beveridge
Jeff Brooker
Alaina Brooks
Shonn Brown
Brad Butwin
Andy Calder
Chrysta Castaneda
Matt Cavenaugh
Jeff Cody
Wade Cooper
Mike Considine
Jay Cuclis
Josh Davidson
Trey DeLoach
Tess Dennis
Alyssa Desgranges-Ellett
Michelle Earley
Adam Endick
Kimberly Fitzpatrick
Keith Fullenweider
Paul Genender
Doug Getten
Catharine Hansard
Clifford Harrison
Henry Havre
Kyle Hawkins
Ashley Hill
Allyson Ho
Brad Honeycutt
Michael Hurst
Scott Keller
Mehdi Khodadad
Brad Kizzia
Peter Kosydar
Chris Kratovil
Melissa Lorber
Todd Lowther
John Martin
Cynthia Martinez
Greg McAllister
Sarah McLean
Harriet Miers
Rob Miller
Yvette Ostolaza
Scott Parel
Andrew Piel
Veronica Polnick
Robert Rabalais
Dianne Ralston
David Rassin
Doug Rayburn
Courtney Roane
Whit Roberts
Anna Rotman
Casey Shaw
Bo Shi
Julia Simon
Rachael L. Smiley
Macey Reasoner Stokes
David Stryker
Saba Syed
Theresa Terrell
Travis Torrence
Tyler Vinal
Cliff Vrielink
Dale Wainwright
Mani Walia
Rob Walters
Jonathan Whalen
Kelsi White
Wesley Williams
Angela Zambrano
Kent Zimmermann

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