The deans at Texas law schools are declining to take a stand regarding allegations that the U.S. News law school rankings system is biased, flawed and hurting the future of the legal profession. Law deans at Yale, Harvard, California-Berkeley, Georgetown, Stanford and Columbia have quit participating in the rankings. Leaders at all but one of the 10 law schools in Texas declined to comment to The Texas Lawbook.
Just Energy’s $335M Bankruptcy Dispute at Fifth Circuit
In yet another example of the massive complex litigation stemming from 2021’s Winter Storm Uri, the U.S. Court of Appeals for the Fifth Circuit is being asked to balance the usually broad authority of federal bankruptcy judges in restructuring cases against the potential sovereignty of Texas energy regulators to set rates. Canadian energy retailer Just Energy and the ERCOT squared off Tuesday before a three-judge panel in a dispute over whether a Houston bankruptcy judge can order ERCOT to repay Just Energy up to $335 million from payments made following the February 2021 storm.
Paul Yetter’s Excellent 25-Year Adventure
Paul Yetter was a thriving young partner at Baker Botts in 1997 when he faced a decision: Drop a big client or leave one of the most prestigious corporate firms in Texas. He chose the later and this year Yetter Coleman, now a highly-respected 50-lawyer boutique in Houston, is celebrating its 25th anniversary. The Texas Lawbook recently interviewed Yetter about the firm’s successes and challenges during the past quarter century, why he thinks Yetter Coleman survived and thrived and what still lies ahead.
Republicans and Democrats Score Texas Appellate Court Victories
The three Republican incumbent justices on the Texas Supreme Court easily won re-election Tuesday, but the district courts of appeals seem to have provided mixed results for the two political parties. Republican candidates for the Houston courts of appeals appear to be cruising to victory, as do Democratic appellate candidates in Dallas and Austin. The voters in San Antonio split their votes. And incumbent Texas Supreme Court Justice Rebeca Huddle received more votes than any other candidate statewide.
Q&A with Newly-Appointed Pro Bono, Public Service and Diversity Reporter Natalie Posgate
Natalie shares why she wanted to take on the new beat, how the public service bucket is different from pro bono and issues of particular importance to her.
Talen Energy Bankruptcy Inches Toward Resolution
Lawyers for Talen Energy and its creditors say they are “powering forward” toward a Dec. 15 confirmation hearing that will begin The Woodlands-based company’s exit from bankruptcy. Talen and most of its creditors have until the end of business on Dec. 6 to obtain votes of approval of the proposed plan from claim holders that would eliminate $1.4 billion and make the bondholders owners of the business. Opponents of the plan must file objections that same day, Dec. 6.
Texas Lawbook Foundation Launches, Natalie Posgate to Lead Pro Bono, Public Service and Diversity Coverage in Texas
The daily news is filled with articles about lawyers scoring multimillion-dollar jury verdicts, closing billion-dollar M&A deals or reaping tens-of-millions of dollars in annual firm profits. The Texas Lawbook announces today its commitment to focus significantly more on what is essentially the legal profession’s ESG. From this day forward, The Lawbook has a full-time reporter — Natalie Posgate — doing nothing but researching and writing about pro bono, public service and diversity efforts involving Texas law firms and corporate legal departments. She will publish articles that highlight the successes of Texas lawyers and firm leaders, but also examine where and how the legal profession is failing. Posgate will be the first legal journalist in Texas to write exclusively about pro bono and diversity.
Blue Peak Fiber Hires Marc Krasney as VP of Legal Affairs
Blue Peak Fiber, a high-speed internet service in the Midwest, has hired Houston lawyer Marc Krasney as its first vice president of legal affairs. Krasney, who started his new position Monday, had served as general counsel at Houston-based internet provider Pure Speed Lightwave for more than seven years.
Dallas Tax Lawyer Joseph Garza Charged in Billion-dollar Scheme
A Dallas tax lawyer who “exploited his position as an attorney” and promoted illegal tax shelters for wealthy Texas clients for several years has been charged with 41 counts of tax and wire fraud.
Austin Software Company Wins $105M IP Verdict Against Ford Motor
A federal jury in Detroit listened to 15 days of testimony and arguments and then deliberated nearly 10 hours before ruling Wednesday that Ford Motor Co. misused Versata’s trade secrets and the carmaker to pay Austin-based Versata Software $105 million in damages. The nine-digit verdict is the largest courtroom victory for Houston-based Mitby Pacholder Johnson, a three-partner litigation boutique formed earlier this year. The Texas Lawbook has the inside story.