‘So You’re Telling Me There’s a Chance!’
At a Texas Lawbook-SMU Forum, white-collar defense lawyers David Gerger and Tom Melsheimer reveal how they overcame big problems to win big cases.
DOJ Announces Significant Policy Changes Affecting Corporate Criminal Enforcement
On the heels of its recent Corporate Enforcement Policy updates, the U.S. Department of Justice announced several new policies around executive compensation clawbacks, ephemeral messaging, and the intersection of corporate crime and national security. The eagerly expected announcements provide tangible guideposts for all companies on key hot-button issues. Questions persist, however, about consistent enforceability of such policies as well as material differences between DOJ's guidance and other rules under federal securities laws for public companies and regulated entities.
Former Justice Michael Massengale’s Mission: ‘Set the Record Straight’ About Uvalde
As a Houston arbitrator and former appellate justice, Michael Massengale was the perfect lawyer for the Texas House investigatory committee to choose to help investigate and write the official report about that tragic day last May when so much went wrong and 19 children and two teachers were murdered. For the first time since the report was released, Massengale has given an in-depth interview to Texas Lawbook reporter Janet Elliott about his role in the investigation, the challenges he and the committee faced and his hopes for legislative improvements to police training and school safety.
Prosecutors Secure Plea Deal, Won’t Retry Ex-Blue Bell CEO
Paul Kruse agreed Wednesday to plead guilty to a misdemeanor and pay a $100,000 fine rather than face another felony fraud trial. Kruse’s attorney, Chris Flood, said the settlement confirms what he’s been saying all along: No one at Blue Bell ever intended to defraud its customers.
Houston Chronicle: Whistleblowers Threaten to Withdraw from $3.3M Settlement with TX AG Ken Paxton
The whistleblowers who sued Texas Attorney General Ken Paxton say they're headed back to court unless he agrees to include in a formal agreement that the Legislature must approve their proposed $3.3 million settlement before the current legislative session ends in May.
Chron: Meet New SDTX U.S. Attorney Alamdar Hamdani, Son of a Cab Driver
Alamdar Hamdani, who was recently sworn in as the chief federal law enforcement officer for the Southern District of Texas, provided free legal representation to members of the South Asian and Muslim community who were interviewed by the FBI after the Sept. 11 attacks. In an exclusive interview with the Houston Chronicle, Hamdani said he "realized people who looked like me or shared my parents' faith would be looked at differently" and he will use that "valuable experience" as an immigrant and person of color to analyze cases during his tenure as a U.S. attorney. "I am thankful and I am humbled that I am the U.S. attorney and all I can do is make my mama proud," Hamdani said.
Former Texas Software CEO Named in Civil, Criminal SEC Actions
Christopher Kirchner, 35, was named in a criminal complaint filed Tuesday for allegedly misappropriating $20 million from the supply-chain management software startup he founded. Additionally, Kirchner has been accused by the SEC in a $67 million offering fraud scheme.
Senior Exxon Mobil Counsel’s Move to Gibson Dunn is ‘Very Personal’
Exxon Mobil assistant general counsel David Woodcock has departed the energy giant to join the Dallas office of Gibson, Dunn & Crutcher as the firm’s SEC enforcement practice co-head. The move surprised many within the legal department at Exxon Mobil because Woodcock, who was a past regional director of the U.S. Securities and Exchange Commission’s Fort Worth office, was viewed as a likely candidate to be the company’s next chief legal officer.
Veteran Dallas Prosecutor Tapped as EDTX U.S. Attorney
If confirmed by the U.S. Senate, as expected, Damien Diggs would be the first Black U.S. attorney in the 166-year-old Eastern District.
3 of 4 Whistleblowers Suing AG Paxton Ask for Abatement
The Texas Supreme Court is considering an opposed motion to hit pause on a whistleblower lawsuit brought by three former top aides to Attorney General Ken Paxton against the Texas AG, accusing him of firing them in retaliation for reporting to the FBI and Texas Rangers that they believed he abused the power of his office to benefit a campaign donor. One of the four whistleblowers isn’t involved in settlement negotiations and wants the lawsuit to proceed now.
Legislative Debate Coming Over Need for Business Specialty Courts
Business groups plan a renewed push to create a separate system of trial and appeals courts to handle complex commercial litigation. A Texas House committee that studied the issue says the Texas Supreme Court first should follow through on a pandemic-delayed pilot program. The Texas Lawbook previews the coming battle and other judiciary and civil justice issues expected to be discussed during the 2023 legislative session.
Pivotal Year on the Horizon for Texas Cryptocurrency Miners
As the so-called crypto winter chases weaker and less committed participants from the market, the remaining players will likely see a vastly changed landscape once the snow melts. From the dot-com bust of the early century to the fallout of the global financial crisis of 2007-2009, market trauma has ultimately led to a heightened regulatory response, and one would expect the effort to regulate the cryptocurrency industry—something that was well underway even prior to 2022—will gain significant momentum in the coming year, not just in terms of crypto’s intersection with securities law but also its relevance to the ongoing energy transition.