A Delaware chancery judge Wednesday ordered Dallas-based Energy Transfer to pay Tulsa-based The Williams Companies a $410 million breakup fee for the megamerger between the two companies that Energy Transfer called off in 2016 after market conditions in the energy industry became abysmal. The decision follows a six-day trial in May in Delaware that The Texas Lawbook covered in-depth.
Monsour Law Firm Wins Record $22.5M in 3M Earplug Litigation
The verdict by a federal jury in Florida is the largest to date in an ongoing wave of suits alleging that 3M sold the U.S. government faulty protective equipment, resulting in hearing damage to thousands of military personnel.
UnitedHealthcare Hit with $60M Punitive Verdict in Nevada Suit by ER doctors — Updated
After finding last week that the insurance giant acted with malice, oppression and fraud in setting low reimbursement rates for claims submitted by the plaintiff physicians, the jury reconvened Tuesday to decide punitive damages.
Toyota and Reavis Family Reach Settlement
Toyota Motor Corp has reached a settlement in a case on appeal in which a Dallas family obtained a $213 million judgment in a car crash case, according to a joint motion the parties filed with the Supreme Court of Texas on Wednesday.
The settlement agreement follows the preservation of the nine-figure judgment this summer in Dallas’ Fifth Court of Appeals and a 2018 jury trial that rendered a $242 million verdict for Benjamin and Kristi Reavis and their two young children, Emily and Owen, who suffered permanent brain damage after a 2016 rear-end crash in the family’s Lexus ES 300.
DBJ: Match to Pay $441M in Lawsuit Settlement with Early Tinder Employees
The heated, highly-publicized trial in New York between Match and Tinder founders came to a screeching halt as the parties reached a $441 million settlement, a new regulatory filing by Match Chief Business Affairs and Legal Officer Jared Sine revealed. Leading the settlement were New York lawyers from Gibson Dunn, Wachtell and Susman Godfrey.
Pandemic Has Slowed U.S. Building and Development Projects, Creating EB-5 Problems
The unique nature of the EB-5 program poses distinctive risks. This article highlights five things to keep in mind when an EB5 project struggles.
Vegas Jury Awards TeamHealth Millions, Says ‘Yes’ to Punis
A Vegas jury returned a roughly $3 million verdict on Monday in the first trial involving emergency room doctor reimbursement from employer-sponsored health insurance. But TeamHealth’s AZA lawyers from Houston expect millions more could be awarded when they meet the defense team for UnitedHealthcare back in court next week for the punitive damages phase of the trial. Natalie Posgate details the case and how TeamHealth’s lawyers won the first phase of the trial.
Rapper Travis Scott Hires Dan Petrocelli in Astroworld Litigation
Prominent Los Angeles trial lawyer Daniel Petrocelli sent an electronic letter late last Wednesday to lawyers for the plaintiffs in the Astroworld Festival tragedy announcing that he now represents rapper Travis Scott and offering to pay the funeral costs of those who died at the Nov. 5 concert in Houston.
“Your client’s offer is declined,” Corpus Christi attorney Bob Hilliard, who represents the family of 9-year-old Ezra Blount, who died at the concert, said in an email response to Petrocelli.