In the world of corporate bankruptcy and restructuring, they call it Chapter 22. For the second time in four years, Houston-based oil and gas exploration and drilling company Castex Energy has filed for protection under Chapter 11 of the U.S. Bankruptcy Code in the Southern District of Texas.
Kirkland & Ellis Bets on the Texas Trifecta
Kirkland & Ellis, the world’s most profitable law firm, is expanding its footprint in Texas again. Since it opened its first office in Houston seven years ago, Kirkland has been the fastest growing corporate legal operation in Texas. Now, the Chicago-founded law firm is tripling down on its bet on the Lone Star State with plans to open in Austin.
Electrolit v. Gatorlyte Trademark Infringement Fight in South Texas Flares Up Again
A federal judge in McAllen issued a new, second temporary restraining order Saturday enjoining PepsiCo from making, marketing and selling its new rehydration drink Gatorlyte on the grounds that the global soft drink giant engaged in anticompetitive conduct against Mexico-based Laboratorios Pisa and its trademarked Electrolit drink.
PepsiCo’s Leanne Oliver – 2020 DFW Corporate Counsel’s Lifetime Achievement Award
For a quarter of a century, Leanne Oliver has been a corporate in-house lawyer for PepsiCo and Frito-Lay. She has been a groundbreaker in developing family leave policies and internal training efforts to eliminate sexual harassment. She’s also a highly successful labor and employment lawyer.
Brazos Electric Coop Files for Bankruptcy
Last week, Brazos Electric Power Cooperative got a $2 billion bill from ERCOT demanding payment for power supplied during the winter storm that hit Texas two weeks ago. Early this morning, Brazos, the largest generation and transmission cooperative in Texas, filed for Chapter 11 bankruptcy protection in the Southern District of Texas citing more than $3 billion in debts.
2020 DFW General Counsel of the Year Finalists
American Airlines and Chuck E. Cheese. Farmer Brothers and HMS Holdings. Southwest Airlines and Aventiv. The CLOs and GCs at these six North Texas companies utilized their legal acumen and business leadership skills to lead their employers through a monumentally challenging year. They are finalists for the 2020 DFW Outstanding Corporate Counsel Awards.
Texas Supreme Court: Is Facebook Immune from Claims It ‘Failed to Warn’ Teen Rape Victims?
Lawyers for three Texas teenagers who were targeted by sexual predators on Facebook, raped and forced into sex trafficking told the Supreme Court of Texas Wednesday that a federal law protecting social media sites from defamation litigation should not shield them their duty to warn and protect minors using its website. The case is being monitored by legal experts nationwide. A win for the plaintiffs could open the floodgates for litigation against Facebook and other social media outlets brought by victims of sexual predators across the country.
Power Outage Lawsuit Avalanche Coming
A dozen lawsuits against ERCOT and four Texas energy companies have already been filed and hundreds more are expected as a result of the winter storm-induced power outages. The initial lawsuits are by individuals, but legal experts say that the biggest cases – those pitting energy companies against each other over contract breaches – are several months away from being lodged. The Texas Lawbook has an in-depth report.
Alston & Bird, Baker Botts Spend Tizzying Weekend in Electrolit v. Gatorlyte Fight
For 76 hours this weekend, two corporate law firms representing two makers of rehydration drinks did battle in a trade dress, trademark dilution, tortious interference and antitrust lawsuit in Texas. The heated litigation with Alston & Bird representing Laboratorios Pisa and Baker Botts defending PepsiCo ended Sunday at 10:19 p.m. at the Fifth Circuit. Lawyers on both sides anticipate the fight to continue later this week.
Bobby Lee Cook: The Death of the ‘Best There Has Ever Been’
For 72 years, Bobby Lee Cook defended suspected criminals and prosecuted corporate desperados through civil litigation across the U.S., including a dozen in Texas. His clients included moonshiners, murderers and politicians. Matlock was based on his life. His defense of Savannah socialite Jim Williams helped bring to life John Berendt’s true-crime classic Midnight in the Garden of Good and Evil.
As a lawyer/journalist, I have covered hundreds of trials. In the courtroom, Bobby Lee Cook is the best there has ever been.