Oil and gas services company TechnipFMC, co-headquartered in Houston and London, reached a settlement Tuesday with the DOJ and the SEC to resolve decade-old allegations that company officials violated the Foreign Corrupt Practices Act in business dealings in Brazil and Iraq.
Exclusive: Legal, Financial Advisor Tab Hits $61M in Exco Resources Bankruptcy
Exco Resources is paying its legal and financial advisors $4 million a month to help guide the company through bankruptcy. Since the Dallas oil and gas operation filed for Chapter 11 protection last year, Exco has paid the lawyers and other restructuring experts $61.6 million. The Texas Lawbook has exclusive details.
Police Captain Sues Wood Co., Judge, DA & Sheriff for ‘Vindictive Retaliation’
Former Quitman Police Captain Terry Bevill says he was fired from his job, charged with felony aggravated perjury, lost his family’s much needed health insurance and blackballed from law enforcement – all because he told the truth in a sworn affidavit in 2017. He’s now filed a federal civil rights lawsuit against his former bosses, including Wood County’s sheriff, its former district attorney and the judge, as well as the mayor of Quitman, a town in East Texas. The Texas Lawbook has the in-depth details.
Lubbock Auto CFO Pleads Guilty on Fraud Scheme
The former CFO of Reagor Dykes Auto Group in Lubbock pleaded guilty Tuesday to masterminding a $50 million conspiracy that defrauded the company’s primary lender, Ford Motor Credit Co.
Fifth Circuit Rejects $65M Stanford Settlement with Underwriters
Stanford Financial receiver Ralph Janvey is considering whether to appeal a Fifth Circuit opinion issued Monday that invalidated a $65 million settlement agreement in 2016 between the court-appointed receiver in the Allen Stanford Ponzi scheme case and the insurance providers for Stanford directors, officers and employees.
Texas Legal Recruiting Pioneer Susan Pye (1950-2019)
Scores of Texas companies and law firms hired thousands of corporate lawyers and paralegals over the past 25 years for one reason: Because Susan Pye told them to. Pye, a pioneer in legal recruiting and trusted advisor to dozens of corporate general counsel and law firm leaders, died Thursday. She was 69.
David Peavler: SEC – An Opportunity He Couldn’t Pass Up
HD Vest Financial GC David Peavler, a sleeper candidate to be the SEC’s top corporate cop in Texas, tells The Texas Lawbook in an exclusive interview that tightened resources will be his biggest challenge when he starts as regional director in July. The objective, he said, is “to have as big an impact as possible with the resources we have.” Meanwhile, SEC insiders say Peavler is the perfect choice for the job.
SEC Names David Peavler as Fort Worth Regional Director
The U.S. Securities and Exchange Commission has named its former associate director of enforcement, David Peavler, as the agency’s new regional director for its Fort Worth Regional Office.
SEC Names DFW’s Marshall Gandy Co-Head of Corporate Compliance Program
Gandy, associate regional director for examinations for the U.S. Securities and Exchange Commission in Fort Worth, will continue to lead examinations for the Fort Worth Regional Office.
TechnipFMC’s Lisa Wang: From Scooping Ice Cream to Expertise on Multijurisdictional, Dually Traded Public Companies
Widely viewed as one of the brilliant young stars in the corporate in-house legal community, Lisa Wang played a leading role in the incredibly complex $13 billion merger of Houston-based FMC Technologies and Technip of Paris in 2017 and guided the newly formed company through a $460 million debt offering in 2018. The Texas Lawbook has an in-depth profile of Wang’s life and career.