The former CFO of Reagor Dykes Auto Group in Lubbock pleaded guilty Tuesday to masterminding a $50 million conspiracy that defrauded the company’s primary lender, Ford Motor Credit Co.
Fifth Circuit Rejects $65M Stanford Settlement with Underwriters
Stanford Financial receiver Ralph Janvey is considering whether to appeal a Fifth Circuit opinion issued Monday that invalidated a $65 million settlement agreement in 2016 between the court-appointed receiver in the Allen Stanford Ponzi scheme case and the insurance providers for Stanford directors, officers and employees.
Texas Legal Recruiting Pioneer Susan Pye (1950-2019)
Scores of Texas companies and law firms hired thousands of corporate lawyers and paralegals over the past 25 years for one reason: Because Susan Pye told them to. Pye, a pioneer in legal recruiting and trusted advisor to dozens of corporate general counsel and law firm leaders, died Thursday. She was 69.
David Peavler: SEC – An Opportunity He Couldn’t Pass Up
HD Vest Financial GC David Peavler, a sleeper candidate to be the SEC’s top corporate cop in Texas, tells The Texas Lawbook in an exclusive interview that tightened resources will be his biggest challenge when he starts as regional director in July. The objective, he said, is “to have as big an impact as possible with the resources we have.” Meanwhile, SEC insiders say Peavler is the perfect choice for the job.
SEC Names David Peavler as Fort Worth Regional Director
The U.S. Securities and Exchange Commission has named its former associate director of enforcement, David Peavler, as the agency’s new regional director for its Fort Worth Regional Office.
SEC Names DFW’s Marshall Gandy Co-Head of Corporate Compliance Program
Gandy, associate regional director for examinations for the U.S. Securities and Exchange Commission in Fort Worth, will continue to lead examinations for the Fort Worth Regional Office.
TechnipFMC’s Lisa Wang: From Scooping Ice Cream to Expertise on Multijurisdictional, Dually Traded Public Companies
Widely viewed as one of the brilliant young stars in the corporate in-house legal community, Lisa Wang played a leading role in the incredibly complex $13 billion merger of Houston-based FMC Technologies and Technip of Paris in 2017 and guided the newly formed company through a $460 million debt offering in 2018. The Texas Lawbook has an in-depth profile of Wang’s life and career.
Fluor Names South Carolina Lawyer as its New CLO
The Irving-based company has named a replacement for long-time CLO Carlos Hernandez, who was recently promoted to be Fluor’s CEO.
Texas-Based Law Firms Made More Money in 2018; Struggle to Grow Outside of State
Corporate law firms headquartered in Texas saw revenues increase in 2018 despite the fact that there are fewer such law firms and employed a shrinking number of lawyers. Texas Lawbook data shows there are now only 17 Texas-based firms ranked in the 50 largest revenue-generating firms in Texas – down from 43 in 2010. Research also shows that Texas firms – with a few exceptions – are struggling to grow their operations on the East and West coasts.
Updated: Kirkland, V&E, Latham Lead in Q1 M&A
New data from Mergermarket shows that Kirkland & Ellis, Vinson & Elkins and Latham & Watkins represented the most Texas businesses involved in mergers and acquisitions during the first quarter of 2019. Inside are the top 20 firms by deal count for January through March 2019.