Two EFH subsidiaries are issuing $750 million in senior secured notes designed to improve liquidity at two other EFH subsidiaries.
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Fifth Circuit: SEC Case Against Microtune Execs Too Little, Too Late
A former CEO and a former General Counsel at Plano-based Microtune Inc. won a major legal victory Wednesday that is likely to end the SEC’s five-year-long effort to prosecute them for allegedly being involved in a $22.5 million options backdating scheme. The federal appeals court ruled that the SEC waited too long to bring charges against Douglas Bartek and Nancy Richardson.
The three-judge panel also rejected the SEC’s efforts to have the executives banned from serving as an officer or board member of a publicly traded corporation because such efforts are punishment, not merely an equitable remedy.
ABA Meets in Chicago
Scores of Texas lawyers journeyed to Chicago during the past week for the annual meeting of the American Bar Association. Many of those lawyers took time away from debating new ethics rules and attending CLE programs to attend a reception at the Sky Deck, which is on the 99th floor of the old Sears Tower, now known as the Willis Building. Here are photos of some of those who attended.
Q2 Solid for M&A Lawyers in Texas
Business transactional lawyers in Texas saw their workload pick up significantly during the second quarter of 2012. New data by mergermarket shows that there were 96 corporate mergers and acquisitions in Texas during April, May and June, which is a 26 percent increase over the same period in 2011. It was the highest deal count for any quarter since the fourth quarter of 2010. The value of the deals totaled more than $57.6 billion, which is up 13.6 percent from 2011.
“Having a robust energy business in Texas helps everyone, from energy-related service providers all the way down to home builders,” says Main Street Capital CEO Vince Foster. “There’s a lot of balance sheet repositioning going on, as oil and gas prices fluctuate.”
Q2 Solid for M&A Lawyers in Texas
Business transactional lawyers in Texas saw their workload pick up significantly during the second quarter of 2012. New data by mergermarket shows that there were 96 corporate mergers and acquisitions in Texas during April, May and June, which is a 26 percent increase over the same period in 2011. It was the highest deal count for any quarter since the fourth quarter of 2010. The value of the deals totaled more than $57.6 billion, which is up 13.6 percent from 2011.
“Having a robust energy business in Texas helps everyone, from energy-related service providers all the way down to home builders,” says Main Street Capital CEO Vince Foster. “There’s a lot of balance sheet repositioning going on, as oil and gas prices fluctuate.”
Government Employees Can File Whistleblower Lawsuits, 5th Circuit Rules
Court rejects argument by government and Shell that case should be barred because whistleblowers were federal auditors.
V&E Represents Devon Energy in $1.4 Billion JV
Japanese trading house buys ownership stake in two Texas shale oilfields.
V&E Represents Devon Energy in $1.4 Billion JV
Japanese trading house buys ownership stake in two Texas shale oilfields.
Two Electronic Privacy Experts Land New Jobs
Two Baker Botts lawyers with an expertise in electronic privacy and data breach land new jobs.
Murchison Oil Names Dena DeNooyer Stroh Its GC
At age 38, Stroh is one of the youngest general counsels in the oil and gas sector. A former partner at Gruber Hurst, Stroh specializes in complex civil litigation and appellate law. “I’ve basically changed positions – from lawyer to a businesswoman,” she says. “My job is to identify problems early so that I can nip them in the bud or fix it before it becomes a bigger problem.”