Dallas real estate counsel Martha Wach of Jones Day co-led Verizon’s agreement to sell 24 of its data center sites to California-based Equinix for $3.6 billion.
Updated – Johnson & Johnson Plans to Appeal $1 Billion on Defective Hip Implant
A federal jury in Dallas ruled Thursday that pharmaceutical and medical device maker Johnson & Johnson and one of its subsidiaries is guilty of “despicable and vile conduct” for knowingly and fraudulently selling metal-on-metal hip implants that they knew were seriously defective.
Updated – Johnson & Johnson Plans to Appeal $1 Billion on Defective Hip Implant
A federal jury in Dallas ruled Thursday that pharmaceutical and medical device maker Johnson & Johnson and one of its subsidiaries is guilty of “despicable and vile conduct” for knowingly and fraudulently selling metal-on-metal hip implants that they knew were seriously defective.
Highland Capital GC ‘Pleased’ with Settlement Result in Marathon Trial
Highland Capital Management General Counsel Scott Ellington said he is “pleased” with the settlement that was signed yesterday afternoon between the Dallas hedge fund’s Cornerstone Healthcare Group, private equity firm Nautic Partners, and a consortium of defendants the Texas hospital chain has spent the last nine weeks in trial against.
Kelly Hart, Latham Handle $855M Reeves County Oil Assets Deal
Riverstone Holdings-backed Centennial Resource Development said Monday that it will acquire 100 percent of Silverback Exploration’s interests in upstream assets located in the Reeves County area of the Permian Basin for $855 million.
Reptilian Plagiarism? CSI Sues Rival DecisionQuest
Las Colinas-based Courtroom Sciences has filed a federal lawsuit accusing rival DecisionQuest of plagiarizing a CSI copyrighted, analytical report that debunks one of the most popular trial strategies used by plaintiff’s lawyers in big-dollar cases.
Derailing the Obama Workplace Agenda: Texas Federal Courts and the Incoming Administration
The injunction issued Nov. 22 against the Department of Labor’s new overtime rule is potentially far-reaching, and a Republican-controlled government makes it conceivable that salary thresholds for white-collar exemptions to overtime may ultimately be reduced or eliminated entirely. This injunction from U.S. District Judge Amos Mazzant of the Eastern District of Texas is the latest in a remarkable series of decisions from Texas federal judges blocking Obama administration orders, rules, and regulations.
Texas Jury Awards Boone Pickens $146 million in West Texas Oil Lawsuit
Two Midland-based oil companies and Dallas-based J. Cleo Thompson intentionally failed to meet their end of a decade-old agreement with Dallas oil mogul T. Boone Pickens to acquire and drill more than 160 oil wells in Reeves and Pecos counties, a West Texas jury ruled Wednesday.
Judge Changes Dee Wyly Bankruptcy from Reorganization to Liquidation
A lawyer for 82-year-old Dee Wyly, the widow of Dallas entrepreneur Charles Wyly, came to tears in her plea Tuesday to Bankruptcy Judge Barbara Houser that a neutral mediator be appointed to try to help reach a settlement with the IRS because the IRS was not negotiating in good faith and using Mrs. Wyly as leverage in their case against Sam Wyly. Judge Houser rejected the argument and instead changed the bankruptcy from a reorganization to a liquidation.
“I realize that this is not a good outcome for Mrs. Wyly,” Judge Houser said. “Mrs. Wyly could lose everything.”
Latham and V&E Advise in $20B ETP-Sunoco Megadeal
As part of the deal, Sunoco will acquire ETP in a unit-for-unit transaction. The deal is the third largest to be announced this year for The Texas Lawbook’s Corporate Deal Tracker.