Three hours before the Houston Astros reacquired pitcher Justin Verlander in a huge trade Tuesday, O’Melveny & Myers announced its continued expansion into Texas by hiring away two prominent litigation partners from Baker Botts in Houston.
SEC Charges Crypto Network/Internet Marketing CEO with Securities Fraud
Lawyers in the Fort Worth Office of the U.S. Securities and Exchange Commission have charged an internet marketing guru turned cryptocurrency network founder with securities fraud and using $12.1 million of investor funds to buy a Ferrari Roma sports car, a Rolex Daytona Eye of the Tiger watch and a 555-carat black diamond called “The Enigma.”
Q&A: Carolyn Benton Aiman at Sempra Infrastructure
During her three decade career, Carolyn Aiman practiced litigation at a national corporate law firm, handled employment law at former oil giant Texaco, served as managing counsel over corporate governance
Sempra Infrastructure CLO Carolyn Aiman: A Leader in ‘Extraordinary Times’
During her three decade career, Carolyn Aiman practiced litigation at a national corporate law firm, handled employment law at former oil giant Texaco, served as managing counsel over corporate governance and capital markets at global energy titan Shell and is now chief legal officer at Sempra Infrastructure. Along the way, Aiman has shepherded some groundbreaking energy initiatives, including Sempra Infrastructure’s $13 billion joint venture to develop, build and operate a project that would supply liquified natural gas to Europe. In addition, Aiman has pioneered innovative and highly successful diversity and inclusion efforts at Shell and Sempra.
In May, the Association of Corporate Counsel’s Houston Chapter and The Texas Lawbook recognized Aiman’s successes by honoring her with the 2023 Houston Corporate Counsel Award for Lifetime Achievement. This is her story.
Judge Asked to Separate Market Manipulation Cases from Winter Storm Uri MDL
Plaintiffs’ lawyers suing more than 90 energy companies for alleged market manipulation of natural gas prices during Winter Storm Uri are asking a Houston judge to separate their lawsuits from the more than 300 other wrongful death, personal injury and property damage cases currently consolidated in the MDL in Houston. Data analytics firm CirclesX Recovery argues its lawsuit is legally different from the others and should be handled outside of the MDL.
Texas Supreme Court: ERCOT is Government Agency, Has Sovereign Immunity
A sharply divided Texas Supreme Court ruled Friday that the Electric Reliability Council of Texas is a government agency and is entitled to sovereign immunity from civil lawsuits. In a highly anticipated decision, the state’s highest court for civil litigation ruled that “because ERCOT performs a ‘uniquely governmental’ function as part of a ‘larger governmental system’, it is an organ of government.”
The decision to declare ERCOT a state agency and grant it immunity directly impacts thousands of wrongful death, personal injury and property damage lawsuits brought by victims of Winter Storm Uri and currently pending in a multidistrict litigation in Harris County District Court. ERCOT is a defendant in nearly all of those cases.
Clifford Chance Adds Ninth Partner to New Houston Operation
Baker Botts transactional partner Jonathan Bobinger became the ninth lawyer on Tuesday announced by Clifford Chance to be joining the London-based corporate law firm’s new Houston office.
Fifth Circuit Rejects Houston IP Law Firm’s Suit Against Bank Over PPP Funds
The U.S. Court of Appeals for the Fifth Circuit ruled that a federal judge in Houston correctly rejected Ramey LLP’s claims against Amegy Bank’s parent company, Zions Bancorporation, regarding the bank’s decision to freeze and seize $249,300 related to Ramey’s forgivable loan request under the Paycheck Protection Program.
Updated — Baker Botts’ Next MP: ‘Merger May Be in Our Future’ But Priority Is Strategic Growth in Texas and Beyond
For the first time in more than four decades, Baker Botts has elected a litigation partner to lead the 600-attorney, Houston-headquartered corporate law firm. The firm’s partners have chosen corporate securities litigation partner Danny David to replace John Martin, who has been managing partner since 2019 but faces mandatory retirement later this year. In a Friday morning interview, David told The Texas Lawbook that his top priority is to “grow smart to the strengths of our leading practices.”
Three Law Firms, Extraordinary Growth — The LA Connection
Three of the five fastest growing law firms in Texas today were founded or headquartered in Los Angeles. Gibson Dunn, Latham and O’Melveny added many times more lawyers and revenues in 2022 than the average corporate law firm operating in Texas, according to The Texas Lawbook 50. The three firms with California roots employed 368 lawyers who generated $595 million in their Texas offices in 2022 — up from 140 Texas attorneys in 2016 who brought in $179 million in business.
This is the story of three global corporate law firms and their extraordinary growth in Texas, as well as their strategies for the next two years. Spoiler alert: All three have deep pockets and big plans for Austin, Houston and Dallas.