© 2013 The Texas Lawbook. By Brooks Igo Staff Writer for The Texas Lawbook Partner Marc Epstein and senior counsel Sean Bryan and Randall Quick joined Akin Gump’s real estate
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Patent Litigation Expert Nicolas Barzoukas on Move to Baker Botts
© 2013 The Texas Lawbook. By Brooks Igo Staff Writer for The Texas Lawbook Nicolas Barzoukas, who left Weil to be a partner in Baker Botts’ Houston office at the
V&E, Porter Hedges and Baker Botts Advise in $910 Million Transaction
The deal involves the sale of a midstream asset joint venture, TGGT Holdings, Inc, which is based in Dallas.
V&E, Porter Hedges and Baker Botts Advise in $910 Million Transaction
The deal involves the sale of a midstream asset joint venture, TGGT Holdings, Inc, which is based in Dallas.
Alan Rosenberg Joins The Willis Law Group
© 2013 The Texas Lawbook. By Brooks Igo Staff Writer for The Texas Lawbook The Willis Law Group announced earlier this month that it added litigator Alan Rosenberg to its
Atlas, Hall & Rodriguez’s Dan Worthington Elected to Advisory Board
© 2013 The Texas Lawbook. By Brooks Igo Staff Writer for The Texas Lawbook The University of Texas – Pan American College of Social and Behavioral Sciences has appointed Dan
Atlas, Hall & Rodriguez’s Dan Worthington Elected to Advisory Board
© 2013 The Texas Lawbook. By Brooks Igo Staff Writer for The Texas Lawbook The University of Texas – Pan American College of Social and Behavioral Sciences has appointed Dan
Cantey Hanger Partner Sarah Walls Voted to NTC Board of Directors
© 2013 The Texas Lawbook. By Brooks Igo Staff Writer for The Texas Lawbook After serving on the Board of Directors for the North Texas Commission (NTC) from 2007-2010, Sarah
Mark Cuban Cleared of All Insider Trading Charges: The Full Story
After nearly three and a half hours of deliberation, nine jurors found Dallas billionaire Mark Cuban innocent of insider trading Wednesday afternoon.
The verdict marks the end of the three-week trial, just days before the federal courts will run out of cash if the government shutdown continues. The six-year legal battle is likely the most expensive case the SEC has ever taken to trial.
The heart of the dispute dates back to 2004 when Cuban had an eight-minute phone conversation with Mamma.com CEO Guy Fauré. During the call, Fauré asked Cuban if he wanted to participate in a private placement investment the company was conducting to raise capital.
During a recorded video deposition, Fauré testified he began the conversation saying, “Mark, I’ve got confidential information,” to which Fauré said Cuban replied, “Uh-huh, okay, go ahead.”
Cuban testified he doesn’t recall anything from the conversation except that he was angry. Fauré said in his deposition that at the end of the call, Cuban said, “Well, now I’m screwed. I can’t sell.” The infamous statement was a key piece of the SEC’s argument that Cuban recognized that the information he received was confidential and that he could not trade on it until after it went public.
Throughout the trial, Cuban denied that the information he received was confidential, that he agreed to keep it confidential and that he agreed to restrict trading.
“People who wanted access to that information could get it,” the expert witness said.
The Texas Lawbook is in the courtroom for every minute of the SEC’s insider trading trial against Mark Cuban and we have full details.
Texas M&A Sees Surge in Q3
The third quarter of 2013 witnessed a significant jump in the number of mergers and acquisitions announced by Texas-based businesses, according to mergermarket media. V&E and Latham got the most deals and many of the biggest deals.