Judge Andrew S. Oldham and the majority focused their decision on a requirement in the Securities Exchange Act dictating that the SEC must first find that any proposed regulation “is related to the purposes of the Exchange Act” before approving it. Judge Stephen A. Higginson focused his dissent on the “limited reviewing role” Congress carved out for the SEC as it relates to its ability to approve rules proposed by “self-regulatory organizations” like Nasdaq.
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Bloomberg Law: Waco Judge Albright Moving to Austin
U.S. District Court Judge Alan Albright, one of the most popular jurists for handling patent infringement disputes in the U.S., is moving his chambers from Waco to Austin, Bloomberg Law reported late Wednesday. The judges of the Western District of Texas have approved Judge Albright’s request to move his primary chambers to Austin in 2025, according to Bloomberg Law. The transfer must be approved by the U.S. Court of Appeals for the Fifth Circuit’s Judicial Council.
Hunton Andrews Kurth Adds Capital Markets Partner from V&E
Joanna Enns joined HuntonAK’s Dallas office after a nearly five-year tenure at V&E, where she primarily focused on M&A, capital markets and liability management transactions in the natural resources and mining sectors.
Southwest Regroups to Defend Free Flights for Low-Income Hispanic Students Against Lawsuit
A federal judge in Dallas has given Southwest Airlines more time to prepare a legal defense against a lawsuit brought by an organization that claims the airline’s program offering free flights for low-income Hispanic students to go home to visit their parents is illegally discriminatory. Senior U.S. District Judge Sidney Fitzwater ruled Dec. 6 that the lawsuit brought by the American Alliance for Equal Rights must proceed forward even though Southwest officials agreed to end the charitable effort several months ago.
Essential Considerations When Key Law Firm Members Depart
Every successful law firm eventually sees the departure of an influential partner or other key member for one reason or another. Beyond the severed relationships and financial implications, firms must consider and address their key audiences to preserve meaningful external and internal relationships.
King & Spalding, Norton Rose, O’Melveny and Sidley Announce Partner Promotions
The firms have announced their new partnership classes for 2025, which includes 20 lawyers in Texas. So far, 18 corporate law firms have announced the names of 98 new partners.
Husch Blackwell Adds Veteran Litigation Partner to Expand its DFW Presence
Wick Phillips litigation partner and business trial lawyer Darla Gabbitas has joined Husch Blackwell.
Litigation Roundup: New Braunfels’ Short-Term Rental Ban Upheld
In this edition of Litigation Roundup, we have the details on a $60.6 million Tarrant County jury award, Oncor beats back a $10 million jury award on appeal in Dallas and the Department of Justice accuses an Austin man who founded a beverage company of swindling investors.
BakerHostetler Will Ring in New Year with a Texas Expansion
BakerHostetler announced Tuesday that it will kick off 2025 in style by opening its 18th office nationwide and its third in Texas, which will include adding ten transactional lawyers from Locke Lord, including longtime partner Cynthia Bast, who will lead the new office.
Macquarie to Pay $2.4B for 40% Stake in Dow Gulf Coast Assets; Sidley, Linklaters Advise
Assets to be included in a newly-created partnership, Diamond Infrastructure Solutions, involve power and steam production, pipelines and general industrial site infrastructure in Freeport and Seadrift, in Texas and Plaquemine and St. Charles in Louisiana, along with pipeline and storage assets adjacent to NGL and olefin hubs.