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CDT Roundup: Deals Pop, Dollars Drop in Mixed Week

For the week ended April 18, the CDT Roundup reported on 14 deals with a total valuation of just over $3.5 billion, and nearly half of that value came from one deal. The prior week had 10 deals reported with a total value of slightly more than $5 billion, while a year ago at this time, the Roundup reported on 13 deals valued at nearly $2.4 billion. While total deal volume is up of late, total values are muted somewhat by a number of deals reported sans financial terms.

That and more in this edition of CDT Roundup.

The Texas Trio: Different Paths to Breakout Results

Three large corporate firms — all with deep Texas roots and Texas-sized offices. They are the second, third and fourth largest law firms operating in Texas by lawyer headcount. All three are in growth mode. All three reported record revenues and record profits in 2025.

Combined, Jackson Walker, Haynes Boone and Norton Rose Fulbright saw their 1,364 Texas lawyers generate a combined $1.53 billion in revenue last year — a 15 percent increase over 2024, according to new Texas Lawbook 50 data.

Leaders for the trio of firms say the first quarter of 2026 is off to another record start.

Founder of Houston O&G Company Owes $39M in Breach of Contract Trial, Colorado Jury Finds

DENVER — The eight-member jury unanimously found Tellurian founder Charif Souki breached a contract with an investor and awarded $39 million in damages after deliberating just over three hours on a snowy Friday afternoon. While the jurors found Parker prevailed on his breach of contract claim based on a 2019 text message exchange, they rejected his five other claims, including breach of a separate agreement, fraudulent inducement, unjust enrichment and promissory estoppel.

Chevron USA Wins Big at SCOTUS

The U.S. Supreme Court Friday decided that an environmental damages lawsuit in a Louisiana state court against oil and gas giant Chevron USA should rightly be removed to federal jurisdiction because of the company’s history as a vendor for petroleum products during World War II.

Chevron was represented by Paul Clement of Clement & Murphy. Plaquemines Parish was represented by Louisiana Solicitor General J. Benjamin Aguiñaga and Victor Marcello of Talbot, Carmouche & Marcello in Baton Rouge.

QVC Group Hires Kirkland, Gray Reed for Bankruptcy Case

Television in the 1980s disrupted the media landscape with MTV and the QVC Shopping Network. MTV long ago gave up playing music videos, and the QVC Group on Thursday officially filed for Chapter 11 protection in the bankruptcy court in the Southern District of Texas, citing $6.6 billion in debts.

Tellurian Founder Testifies, Motion for Judgment Denied

DENVER — Parties rested their cases Thursday afternoon in the breach of contract case between investor Chris Parker and Tellurian founder Charif Souki over an alleged agreement not to sell Tellurian stock. The eight-member jury will decide whether a text message exchange is a binding contract Friday.

TPG Aquires Sports IP Platform Learfield

Fort Worth private equity firm TPG announced this week that it has agreed to acquire Learfield, a Plano-based media company that specializes in monetizing the intellectual property of college athletics.

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