Free Speech, Due Process and Trial by Jury
Did a newlywed couple turn ‘bridezilla’ and purposely damage their wedding photographer’s career and reputation after not getting their way? Or did they simply express their opinions publicly about their negative experience with the photographer?
A group of primarily Texas-based lawyers from Norton Rose Fulbright said Tuesday that they are advising Charles Schwab in the development of its new campus in North Texas, which is projected to bring at least 1,200 jobs to the area.
Riverstone Holdings said Monday that it is selling its Permian Basin-focused oil and gas company, Rock Oil Holdings, to Denver-based SM Energy for $980 million.
The Corporate Deal Tracker rankings for the first half of 2016 are official. The usual law firms and individual lawyers rank in the top 20 for M&A and securities offerings, but there are a few surprises. The numbers show that, despite the oil and gas slow down, Houston transactional lawyers are still busier than their Dallas counterparts. The bottom line is that competition among M&A and capital markets lawyers is fiercer than ever, even as deal activity remains slow.
Delaware recently adopted amendments, effective August 1, 2016, to an oft-used statute that streamlines the acquisition of a Delaware public corporation structured as a tender offer followed by a back-end merger. Since its adoption, this statute has been welcomed by buyers, targets and their stockholders, as well as the lawyers who work on these transactions. The effectiveness of the Delaware amendments presents an opportunity to highlight the fact that Texas adopted a statute in its last legislative session that permits the same transaction structure and carries many of the same advantages.
As demand for water grows throughout Texas, there has been an increasing focus on the rights relating to the ownership and use of groundwater in our state. As a result, a number of significant issues relating to groundwater rights have found their way into our state courts, and the Texas Supreme Court has not been shy in its willingness to jump in to clarify these issues as they arise.
Sean McKenna was most recently the co-chair of Haynes and Boone’s healthcare practice.
Energy Future Holdings has paid its lawyers and financial advisers about $600,000 a day for each and every one of the 827 days – including weekends and holidays – since it filed for bankruptcy in April 2014. The Texas Lawbook reviewed 450 federal court records and discovered that more than 380 business lawyers and more than 240 financial advisers have billed EFH thousands and thousands of hours for work they’ve done on the bankruptcy – some of them charging as much as $1,400 an hour. As a result, the Dallas power company bankruptcy is now one of the five most expensive corporate restructurings in U.S. history.
Texas lawyers from Porter Hedges and Weil, Gotshal & Manges worked on a couple of the biggest deals announced in the past week.
In a precedent-setting decision, the Circuit ruled that PTAB improperly threw out Magnum Oil’s patent by essentially adopting arguments on behalf of an outside party that had challenged the patent’s validity – even though that party did not make those arguments and failed to present valid reasons to support them.
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