The latest move in Paul Hasting’s Texas growth spree builds on another recent prominent addition to its environmental litigation practice.
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Appellate Lawyers Talk About Impact of Judicial Elections
An Election Day “red wave” has left the Texas legal world scrutinizing incoming justices and trying to determine what changes may be coming to the intermediate appellate courts in the state’s most urban areas.
David Aaronson Moves to O’Melveny
Aaronson, a veteran of O&G transactions in the upstream and midstream sectors, departs Orrick where he landed in 2022.
Update: Republicans Sweep Dallas, Houston Court of Appeals Elections, Get Wins in SA
In a stunning political reversal from six years ago, Republican candidates for the Fifth Court of Appeals in Dallas ran the table in Tuesday’s elections. Republican judges made significant gains on the First, Fourth and Fourteenth Courts of Appeals as well.
East Texas Jury Clears Nokia In Patent Case
A federal jury in Marshall deliberated about an hour and a half Wednesday before returning its verdict for Nokia. Correct Transmission had sought to prove Nokia infringed on three of its patents and should pay about $35 million.
Litigation Roundup: PEMEX, Shell Sued Over Fatal Gas Leak, Frost Bank Gets Arbitration Win
In this edition of Litigation Roundup, we offer details on a recent $1.3 million arbitration win a team from Greenberg Traurig secured for Frost Bank, identify the law firm pursuing litigation in the wake of a fatal helicopter crash in Houston and explain a ruling from U.S. District Judge Robert Pitman that will likely change who can build transmission lines in Texas.
Foley Advises TGI Friday’s in Bankruptcy Filing
TGI Friday’s Inc. and 23 of its subsidiaries filed for Chapter 11 bankruptcy protection in the Northern District of Texas over the weekend. In its bankruptcy petition, TGI Friday’s claims $100 million to $500 million in debts and the same range for assets. The Dallas-based company owns 39 actual bar-and-grill restaurants across the U.S. None of the TGI Friday’s franchised operations are part of the Chapter 11.
Joint Ventures Demystified — A Practitioner’s Guide to Structuring Successful Partnerships
In today’s global business environment, market participants continuously seek innovative ways to grow their businesses, obtain capital to execute their business plans and leverage shared resources. One popular strategy is forming a joint venture, which is a business arrangement where two or more parties pool resources to achieve a common commercial goal. Structuring a JV is complex, and success hinges on careful planning, negotiation and management, as poorly structured JVs can lead to conflicts, inefficiencies and ultimately failed outcomes.
This article explores several key issues to be addressed when forming a joint venture and provides a roadmap for avoiding some common pitfalls that derail many partnerships. By carefully defining a JV’s scope, negotiating for appropriate consent rights, protecting against leakage from affiliate agreements, addressing fiduciary duties and establishing clear transfer provisions, parties can create a JV structure that helps to ensure alignment and maximizes the likelihood of success for all involved.
CDT Roundup: 12 Deals, 11 Firms, 107 Lawyers, $52.8B
A $50 billion data center joint venture is nothing to ignore. Neither are the footnotes that occasionally accompany a monumental deal. The CDT Roundup this week looks at the big numbers that are building up around AI-driven data centers, and a few tiny cautions about what to expect of them. FYI, we didn’t ignore our usual roster of last week’s deals — even those under $50 billion.
Nokia Says Dallas-Area Company is ‘Overreaching’ in Pursuit of $35M Patent Infringement Verdict
Correct Transmission, which offices in Allen, rested its case Friday after a damages expert testified that Nokia owes $35 million for its alleged infringement of three patents covering technology used in routers. Nokia denies it uses the patented technology and is challenging the validity of one of the patents.