Baker Botts and V&E Close $1 Billion IPO
Pennsylvania-based Rice Energy Inc. this week closed its $1.05 billion initial public offering of 50 million common shares priced at $21 per unit.
Baker Botts and V&E Close $1 Billion IPO
Pennsylvania-based Rice Energy Inc. this week closed its $1.05 billion initial public offering of 50 million common shares priced at $21 per unit.
UPDATE: Jury Says ETP and Enterprise Were in a Partnership, Awards $319 Million
A Dallas jury, in a potential landmark verdict that has attracted a lot of attention from energy companies and general counsel, ruled last Tuesday that two businesses can be involved in a legally binding partnership even when one of the parties never intended for the joint venture to be official. The jury ordered Enterprise to pay ETP $319 million in damages for violating the corporate version of a common law marriage. The victory was the largest for prominent trial lawyer Mike Lynn and one of the largest ever awarded by a North Texas jury. However, it did not find that Enterprise and Enbridge conspired for Enterprise to breach its duty to ETP for their partnership. Jurors awarded ETP $319 million in actual damages to ETP, but an additional amount for restitution could be added. The jury’s conclusion is a landmark decision for Texas business lawyers and their corporate clients for what under State law constitutes a business partnership. The decision follows four full weeks of intensive testimony from the three oil and gas giants. ETP claimed that Enterprise violated their “Double E” partnership agreement by cutting ties with ETP to pursue a more financially viable pipeline project with Enbridge and that the two conspired to cut ETP out of their new deal. More details as the story develops.
Austin Bar Foundation to Honor Pete Winstead
© 2014 The Texas Lawbook. By Brooks Igo Staff Writer for The Texas Lawbook (January 30) — The Austin Bar Foundation will honor Winstead PC founder Pete Winstead at its
Carrington Coleman Opens East Texas Office
© 2014 The Texas Lawbook. By Brooks Igo Staff Writer for The Texas Lawbook (January 30) — Dallas-based Carrington Coleman has opened an East Texas office in Longview, the firm
Ford Nassen Names New Shareholder
© 2014 The Texas Lawbook. By Brooks Igo Staff Writer for The Texas Lawbook (January 30) — Patrick “Gene” Blanton has been promoted to shareholder at Ford Nassen, the firm
Fish & Richardson Principal Named to LCLD Fellows Program
© 2014 The Texas Lawbook. By Brooks Igo Staff Writer for The Texas Lawbook (January 30) — Wasif Qureshi, a principal in Fish & Richardson’s Houston office, has been selected
Fish & Richardson Principal Named to LCLD Fellows Program
© 2014 The Texas Lawbook. By Brooks Igo Staff Writer for The Texas Lawbook (January 30) — Wasif Qureshi, a principal in Fish & Richardson’s Houston office, has been selected
Gardere Attorneys Named Texas Bar Foundation Fellows
© 2014 The Texas Lawbook. By Brooks Igo Staff Writer for The Texas Lawbook (Updated — February 17) — Three Gardere attorneys in the firm’s Houston office, Rhonda Reed Weiner,
State Bar of Texas Honors San Antonio Lawyer for Pro Bono Work
© 2014 The Texas Lawbook. By Brooks Igo Staff Writer for The Texas Lawbook (January 30) — The State Bar of Texas announced it is presenting a resolution to San
Greenberg Traurig Shareholder Becomes Chairman of Texas Business Hall of Fame
© 2014 The Texas Lawbook. By Brooks Igo Staff Writer for The Texas Lawbook (January 30) — Jordan Cowman, a shareholder in Greenberg Traurig’s Dallas office, became chairman of the
Texas M&A Rebounded in Q4 of 2013
Texas-based businesses rediscovered their M&A mojo during the fourth quarter of 2013, ending an otherwise slightly above average year of mergers, acquisitions, joint ventures and initial public offerings with a flurry of deals. The final quarter of 2013 witnessed the third most M&A activity in a three-month span among Texas companies since the start of the recession in 2008, according to mergermarket. The Texas Lawbook has the list of top 15 law firms and financial advisors for 2013.