Three weeks after exiting bankruptcy, Talen Energy announced that GC Andrew Wright will be the company’s next chief administrative officer and V&E partner John Wander will be the energy firm’s next GC effective June 19. Wander also served as V&E’s internal GC. With his departure, the firm announced that partner Vanessa Griffith will be the Houston-based law firm’s new GC.
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.
Texas Lawyers Play Key Role in PGA, LIV Litigation That Led to Merger
Gibson Dunn retired partner Rob Walters and Quinn Emanuel partner John Bash in Austin played key roles on the teams behind the antitrust litigation between the two rival tours. Mark Curriden has the names and details.
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.
Under Attack, Dallas Juvenile Probation Department Hires KRCL
Dallas trial lawyer Brian Hail has successfully represented more than two-dozen clients in business disputes that resulted in multimillion-dollar trial victories. But Hail has been hired by the Dallas County Juvenile Department to fight a subpoena issued by Dallas County Commissioners for tens of thousands of “observation sheets” of children being detained earlier this year. In a lawsuit filed Tuesday, Hail says the subpoena is illegal.
Joe Davidson – ‘A Proud Rice Owl’ Making a Difference
For 28 years, Joe Davidson has worked as an in-house lawyer at Rice University and is GC of Rice Management Company, the entity that includes Rice’s $7.8 billion endowment, which provides about 40 percent of the university’s operating revenues. His list of successes is long.
“My biggest accomplishments have been to be able to facilitate and support the big visions and thinking of Rice’s faculty, students and administrators — supporting them in obtaining research funding, conducting fieldwork, publishing their results and licensing them for further research and commercial development,” Davidson told The Texas Lawbook.
The Association of Corporate Counsel’s Houston Chapter and The Lawbook honored Davidson on May 4 with the 2023 Houston General Counsel of the Year Award for a Nonprofit Institution. This is his story.
Q&A: Joe Davidson, GC Rice Management Co.
For 28 years, Joe Davidson has worked as an in-house lawyer at Rice University and is GC of Rice Management Company, the entity that includes Rice’s $7.8 billion endowment, which
Rahul Vashi Jumps from Kirkland to Gibson Dunn
Rahul Vashi led or co-led 14 transactions for Kirkland & Ellis with a combined value of $3.2 billion, including Devon Energy’s $1.8 billion acquisition of Denver-based Validus Energy, according to The Texas Lawbook’s Corporate Deal Tracker. Gibson, Dunn & Crutcher believes Vashi will have the same success for it.
Will Shearman’s Merger with A&O Impact the Texas Legal Market?
London-based Allen & Overy has coveted a presence in Texas to boost its global energy practice. On Sunday, the Magic Circle firm got it. A&O and Shearman & Sterling, a New York-headquartered corporate law firm with 60 lawyers in Austin, Dallas and Houston, announced Sunday that they are merging. The Texas Lawbook looks at Shearman’s operations in Texas and what the merger might mean.
Former Texas GOP Chief Justice: SB 896 ‘Causes Needless Increases in Litigation Costs for Texas Citizens’
Former Texas Chief Justice Wallace Jefferson has written the Texas Legislature asking them to defeat a bill that would erode free speech rights in Texas and cause Texas citizens to unnecessarily spend large amounts of money to protect their First Amendment rights.