Latham partner Jeffrey Munoz represents Plains. Gardere partner Douglas Eyberg advises BP.
V&E Leads Riverstone’s Investment in Sage Midstream
Private equity firms continue to invest big money in the oil patch, and that is good news for Texas energy lawyers.
Did Greg Abbott Just Save the Voting Rights Act?
The Texas Attorney General claims in court that the federal Voting Rights Act of 1965 is outdated, unnecessary and an unconstitutional encroachment on the sovereignty of the state, but his legal efforts may have just assured the law’s survival. Election law experts say that the VRA rose from near death – or at least irrelevance – last week when a federal court ruled that Texas legislators committed intentional racial discrimination when they drew new voting districts in 2011.
“It is amazing that Texas officials intended to kill the Voting Rights Act, but because of the evidence of intentional discrimination, they may have just resurrected it,” says University of Michigan law professor Ellen Katz, a nationally recognized election law expert.
Texas Justices Reverse $46 Million Award in Defective U-Haul Truck Case
The Texas Supreme Court threw out a $46 million award to a man who was crushed by a rolling U-Haul truck, finding that evidence of safety problems in Canadian trucks was improperly admitted in a Dallas County trial.
The justices said there is enough evidence for a re-trial on negligence and actual damages, but rendered a take-nothing judgment on the jury’s gross negligence findings and punitive damages. The six-person jury’s initial award of $84 million in the case was the fifth largest verdict in the nation in 2008, according to Dunn & Bradstreet. V&E’s Tom Leatherbury represents U-Haul.
Marathon Oil’s Richard Horstman is Poster Child for Pro Bono – UPDATE
Richard Horstman, who is widely recognized as one of the leading lawyers for international oil exploration and production, didn’t do much pro bono during his first 30 years at Marathon Oil. Five years ago, the energy giant implemented a formal pro bono effort. The assistant GC now performs more than 200 hours of pro bono a year handling child immigration cases.
“Pro bono certainly changed my view of myself as a lawyer,” says Horstman. “I realized that I am one of the few who can do this because of my expertise as a lawyer.”
Baker Botts Leads $850 million TPC Group Deal
Two private equity firms are paying $850 million to take publicly traded Houston-based TPC Group private.
Vince Murchison Forms Energy Pipeline Boutique
Murchison, who worked on Longhorn Pipeline legal matters for 15 years, says starting his own shop will make him more affordable for energy clients.
Wilson Elser Adds a Former Investigative TV Reporter & a Higher Ed Expert to Dallas Office
Valeri Williams and James Sears Bryant have two things in common: they both have non-traditional legal backgrounds and they both recently have joined a New York Firm’s Dallas office.
Baker Botts Leads $3.3 Billion Tallgrass Energy – Kinder Morgan Deal
Austin Partner Laura Tyson represents Houston-based Energy & Minerals Group, a primary investor in Tallgrass.
Judge Orders Life Partners to Cease Selling Unregistered Securities
An Austin judge also issued a TRO instructing the Waco-based company to preserve all financial documentation, but declined Texas Attorney General Greg Abbott’s request to immediately appoint a receiver to take control of the corporation’s financial operations.
Travis County District Judge Orlinda Naranjo ruled Friday that Life Partners has likely been violating the Texas Securities Act through its practice of buying life insurance death benefits from elderly and terminally ill policyholders, then reselling them to investors without disclosing the actual life expectancies of the insured.