The Texas Lawbook family this past weekend lost two of its extended family – Dallas Business Journal photographer Jake Dean and former Houston Chronicle and Dallas Morning News writer and editor Michael Lindenberger.
Lawsuit: Elite Privately Owned Texas A&M Dorm ‘Contaminated with Toxic Mold’
A 19-year-old Texas A&M business student has sued the owner and operator of an upscale private dormitory called The Callaway House claiming that her room and other areas of the housing unit are contaminated with toxic mold.
Experts: The Present and Future Needs of the SEC’s Fort Worth Regional Office
The U.S. Securities and Exchange Commission is looking for a new sheriff to aggressively police corporations, cryptocurrency operations, hedge funds and thousands of investment brokers and dealers in Texas, Arkansas, Oklahoma and Kansas. Only a handful of people even qualify for the position, legal experts say.
“The challenge, though, will be to look around the corner for risks that are coming, which may depend on a number of unpredictable variables such as the economy, the markets and financial innovation,” said David Peavler, who resigned as SEC regional director last week.
Winstead Elects Jeff Matthews as Next Leader
Shareholders at the corporate law firm Winstead have elected the chair of its business and transactions practice, Jeff Matthews, as the firm’s next chairman and CEO. A 2003 graduate of the University of Texas School of Law and the son of a former Exxon general counsel, Matthews replaces David Dawson, who has led Winstead since 2014. In an interview with The Texas Lawbook, Matthews discusses the Texas firm’s position in the legal market, how 2022 has gone so far and whether there is any interest in a future merger.
SEC’s David Peavler Joining Jones Day
David Peavler is following in the steps of his two predecessors who were regional directors of the U.S. Securities and Exchange Commission’s Fort Worth office. Peavler, in an exclusive interview with The Texas Lawbook, said he will join the Dallas office of the global law firm Jones Day as a partner leading the firm’s Texas securities litigation and SEC enforcement practice.
Peavler, who announced Thursday that he was resigning as the regional director of the SEC, is a huge catch for Jones Day because of his deep experience in the area of financial accounting and because he has prior experience as a corporate general counsel – the very people who hire Jones Day for legal advice.
Texas Lawyers Lead SEC, AT&T $6.25M Lawsuit Settlement
AT&T and the SEC announced they have agreed to settle a lawsuit that accused the Dallas-based telecom giant of selectively leaking confidential financial information to Wall Street analysts in hopes of potentially manipulating revenue projections during the first quarter 2016. Two AT&T in-house counsel and a slew of lawyers from Norton Rose Fulbright, Tillotson Johnson & Patton, Willkie Farr and Haynes and Boone represented AT&T and its executives.
Baker Botts Awards $20K-$115K Annual Bonuses to Associates
Baker Botts became the first Texas-based law firm to announce year-end bonuses to associates. The Houston-based firm, in a Dec. 2 memo by Baker Botts managing partner John Martin, said associates hired out of law school in 2021 will get a $20,000 bonus this holiday. The scale accelerates up to $115,000 bonuses for seven- and eight-year associates hired in 2015 and before.
David Peavler Leaving SEC is ‘A Big Loss’
For nearly two decades, David Peavler has roamed the offices of the U. S. Securities and Exchange Commission’s Fort Worth Regional Office – first as a rookie lawyer in its enforcement position, later as assistant regional director and for the past three-and-a-half years as the head of the office. The SEC announced Thursday that Peavler is stepping down as the director of the Fort Worth Regional Office this Saturday. Associate regional directors Eric Werner and Marshall Gandy will fill the role until a replacement is announced. Experts say Peavler scored huge successes during his time at the SEC and his departure is a major loss.
The Texas Lawbook Team Gives Thanks
When I started The Texas Lawbook 11 years ago this month, I had no idea what I was doing. My team may tell you that I still don’t. But the success The Lawbook has achieved seems like a miracle.
The reason: The Lawbook team. Without them, I would be operating a blog that not even my parents would pay to read. This week, I celebrate Thanksgiving because of my colleagues.
Fifth Circuit Rejects EDTX Class Action Against Southwest, Boeing
A three-judge panel of the Fifth Circuit ruled Monday that a class action lawsuit pending against Southwest Airlines and the Boeing Company should be dismissed because the plaintiffs suffered no actual damages. Southwest CLO Mark Shaw told The Texas Lawbook the decision is a major win for the airline and he praised three Southwest in-house counsel and lawyers at Norton Rose Fulbright.