An administrative law judge ruled Thursday that two Colleyville financial executives did little-to-nothing wrong in their leadership positions at Dallas-based Penson Financial, a now-defunct clearing service for U.S. brokerage houses dealing in stock trades. The case is a significant win for Haynes and Boone, which led the defense team and a major loss for the SEC, which lost only one of the 23 cases it filed with ALJs. By comparison, the agency lost one-third of the cases it brought in federal court during the same time period.
Locke Lord and Bracewell Advise in $500 Million Gas Gathering Transaction
Houston-based Southwestern Energy Partners and San Antonio-based Howard Energy Partners have reached an agreement in which a subsidiary of HEP will purchase gas gathering assets from Southwestern and its subsidiary, Angelina Gathering Company, for $500 million.
Sam Wyly Hires Kathleen Sullivan, Fights for Office Staff Allowance in Bankruptcy Court
Dallas entrepreneur and philanthropist Sam Wyly has hired former Stanford Law School Dean Kathleen Sullivan to lead his legal efforts to reverse a New York jury decision last May that he and his deceased brother, Charles, violated federal securities laws involving trusts they established in the Isle of Man more than two decades ago.
Texas M&A: The Lawyers, Firms and Deals
Texas M&A: The Lawyers, Firms and Deals
East Texas Trial Firm Ward & Smith Changes Name
Wesley Hill, who has been with the firm since 2009, is being added as a named partner.
East Texas Trial Firm Ward & Smith Changes Name
Wesley Hill, who has been with the firm since 2009, is being added as a named partner.