V&E Advises Targa Resources in $6.7 Billion Acquisition
Houston-based Targa Resources Corp. has agreed to purchase its limited partnership, Targa Resources Partners (TRP), in an all-stock transaction valued at approximately $6.7 billion.
Free Speech, Due Process and Trial by Jury
Mark Curriden is a lawyer/journalist and founder of The Texas Lawbook. In addition, he is a contributing legal correspondent for The Dallas Morning News.
Mark Curriden is a lawyer/journalist and founder of The Texas Lawbook. In addition, he is a contributing legal correspondent for The Dallas Morning News.
Mark is the author of the best selling book Contempt of Court: A Turn-of-the-Century Lynching That Launched a Hundred Years of Federalism. The book received the American Bar Association’s Silver Gavel Award and numerous other honors. He also is a frequent lecturer at bar associations, law firm retreats, judicial conferences and other events. His CLE presentations have been approved for ethics credit in nearly every state.
From 1988 to 1994, Mark was the legal affairs writer for the Atlanta Journal-Constitution, where he covered the Georgia Supreme Court and the U.S. Court of Appeals for the Eleventh Circuit. He authored a three-part series of articles that exposed rampant use of drug dealers and criminals turned paid informants by local and federal law enforcement authorities, which led to Congressional oversight hearings. A related series of articles by Mark contributed to a wrongly convicted death row inmate being freed.
The Dallas Morning News made Mark its national legal affairs writer in 1996. For more than six years, Mark wrote extensively about the tobacco litigation, alleged price-fixing in the pharmaceutical industry, the Exxon Valdez litigation, and more than 25 cases before the Supreme Court of the United States. Mark also authored a highly-acclaimed 16-part series on the future of the American jury system. As part of his extensive coverage of the tobacco litigation, Mark unearthed confidential documents and evidence showing that the then Texas Attorney General, Dan Morales, had made a secret deal with a long-time lawyer and friend in which the friend would have profited hundreds of millions of dollars from the tobacco settlement. As a direct result of Mark’s articles, the U.S. Department of Justice opened a criminal investigation, which led to the indictment and conviction of Mr. Morales.
For the past 25 years, Mark has been a senior contributing writer for the ABA Journal, which is the nation’s largest legal publication. His articles have been on the cover of the magazine more than a dozen times. He has received scores of honors for his legal writing, including the American Bar Association’s Silver Gavel Award, the American Judicature Society’s Toni House Award, the American Trial Lawyer’s Amicus Award, and the Chicago Press Club’s Headliner Award. Twice, in 2001 and 2005, the American Board of Trial Advocates named Mark its “Journalist of the Year.”
From 2002 to 2010, Mark was the senior communications counsel at Vinson & Elkins, a 750-lawyer global law firm.
Mark’s book, Contempt of Court, tells the story of Ed Johnson, a young black man from Chattanooga, Tenn., in 1906. Johnson was falsely accused of rape, railroaded through the criminal justice system, found guilty and sentenced to death – all in three weeks. Two African-American lawyers stepped forward to represent Johnson on appeal. In doing so, they filed one of the first federal habeas petitions ever attempted in a state criminal case. The lawyers convinced the Supreme Court of the United States to stay Johnson’s execution. But before they could have him released, a lynch mob, aided by the sheriff and his deputies, lynched Johnson. Angered, the Supreme Court ordered the arrest of the sheriff and leaders of the mob, charging them with contempt of the Supreme Court. It is the only time in U.S. history that the Supreme Court conducted a criminal trial.
You can reach Mark at mark.curriden@texaslawbook.net or 214.232.6783.

Houston-based Targa Resources Corp. has agreed to purchase its limited partnership, Targa Resources Partners (TRP), in an all-stock transaction valued at approximately $6.7 billion.

A team of Norton Rose Fulbright lawyers led by Brett Govett scored a take-nothing verdict late last week in Texas’s Eastern District for a patent infringement case involving reflective insulation products.

Energy Future Holdings seeks a fresh start in U.S. Bankruptcy Court in Wilmington, Del., today, arguing that breaking up the company offers it and its creditors the best chance to move on with the least possible financial pain. The trial is expected to run through at least the end of the month, pitting rival attorneys against one another in a bid to extract the most value they can from $40 billion in outstanding debts. The Dallas Morning News and The Texas Lawbook are following the case closely.

The Dallas offices of Jones Day and Vinson & Elkins were lead advisers in the two largest acquisitions of the week. Bridgestone Retail Operations selected M&A partners Scott Cohen and Alain Dermarkar of Jones Day to handle its $835 million purchase of Pep Boys. BlueScope Steel Ltd. chose Vinson & Elkins partners Robert Kimball and Marc Rose to advise it in its $720 million acquisition of Cargill’s 50 percent ownership of North Star BlueScope Steel.

The Dallas offices of Jones Day and Vinson & Elkins were lead advisers in the two largest acquisitions of the week. Bridgestone Retail Operations selected M&A partners Scott Cohen and Alain Dermarkar of Jones Day to handle its $835 million purchase of Pep Boys. BlueScope Steel Ltd. chose Vinson & Elkins partners Robert Kimball and Marc Rose to advise it in its $720 million acquisition of Cargill’s 50 percent ownership of North Star BlueScope Steel.

Baker Botts is sending prominent Dallas real estate partner Pat Stanton west to open the firm's new office in San Francisco. Stanton has been the partner-in-charge of Baker Botts’ Dallas office since 2012. Litigation partner Timothy Durst will assume Stanton's duties. This article has full details of Baker Botts' decision to open its second outpost in California.

Half of Texas lawyers donate their services to needy clients, but it isn't enough, Justice Eva Guzman told a Texas Access to Justice luncheon Monday. The value of this work was estimated to be more than $500 million in 2013. Guzman and Chief Justice Nathan Hecht also presented three Texas legislators, state Reps. Todd Hunter, Morgan Meyer and Kenneth Sheets, with its Legislative Hero Award.
This week, three judges on the Dallas Court of Appeals are expected to be chosen to hear the appeal of Energy Trans Partners' $500 million judgment against pipeline competitor Enterprise. Legal experts say could be the biggest and most important business dispute between two Texas companies since Pennzoil clobbered Texaco in the mid-1980s for $10 billion. Both companies have beefed up their legal teams with high-priced legal talent to do battle once again.

The annual Eastern District of Texas 2015 Bench Bar Conference started Wednesday at the Plano Marriott Legacy Town Center in Plano and The Texas Lawbook is there and providing complete coverage.

The Texas Supreme Court is considering whether the accommodation doctrine — a long-time provision in which a mineral rights owner accommodates or balances a surface owner’s use of the land — should be applied in cases involving severed groundwater rights.
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