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Commercial Litigation

Plaintiffs Lawyers Face Critical Stage in Winter Storm Uri Litigation

For 11 months, hundreds of wrongful-death, personal-injury and property-damage lawsuits seeking billions of dollars in damages related to Winter Storm Uri edged along at a snail’s pace. But a Houston judge appointed to oversee the litigation has put strict new deadlines on the lawyers who suddenly find themselves in the midst of a make-or-break few months that could determine the legitimacy and survival of their lawsuits. The Texas Lawbook has the details.

Tellurian’s Charif Souki Responds to Investor Lawsuit

Tellurian co-founder Charif Souki went on the record with The Texas Lawbook in response to a lawsuit filed against him a couple weeks ago by a Tellurian investor that claims he lost tens-of-millions after Souki reneged on a promise to pay back the shareholder’s losses. Souki has retained Yetter Coleman in Houston to defend him in the litigation.

Brian Robison Expands Practice to Mediation,
Moves to Brown Fox

For 25 years, Brian Robison has practiced commercial and antitrust litigation at V&E and Gibson Dunn – two large corporate firms. He’s wanted to be a mediator for several years and the law firm structure was not a good fit. On Tuesday, he started as a partner at business boutique Brown Fox. But there’s more to this story than just another lateral lawyer move.

DBJ: Jury Convicts All Four UDF Execs of Securities Fraud

The CEO of North Texas-based residential real estate development lender United Development Funding and three of his colleagues were found guilty late this afternoon on securities fraud, wire fraud and conspiracy charges. After nearly two days of deliberation, the jury convicted UDF CEO Hollis Greenlaw, CFO Cara Delin Obert, director of asset management Jeffrey Brandon Jester and partnership president and committee member Benjamin Lee Wissink on all counts. Dallas Business Journal reporter Bill Hethcock was in the courtroom every day and has the details on the verdict.

Judge: $4B Stanford Fraud Case Against Banks to Go to Trial in Houston

After more than a dozen years of motions, objections, petitions and appeals, the multibillion-dollar civil fraud case against five banks that provided financial services to Ponzi scheme perpetrator R. Allen Stanford and his investment firm will finally go to trial later this year in Houston.

A federal judge, who has overseen the massive litigation brought by thousands of investors who claim they were defrauded more than $5 billion in hard money by Stanford and the Stanford Financial Group between 1999 and 2008, said the biggest and final of all the lawsuits is ready to be sent back to Houston to be decided by a judge and jury in the town where the scheme took place.

Tellurian Founder Sued by Major Investor — Updated

An investor in Houston-based Tellurian Investments has sued Charif Souki on claims that the company co-founder and chairman of the board reneged on a promise to pay back the investor for tens of millions in losses after Tellurian’s stock value plummeted.

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