The sellers of a gas gathering company in far West Texas seek more than $100 million from Energy Transfer for a breach of contract. Energy Transfer says the agreement was a scheme to collect a $93 million check and should be nullified.
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‘The Ticket’ Settles with Ex-Hosts McDowell and Kemp
The radio station’s owners sued the two broadcast celebrities, accusing them of violating their noncompete agreements by starting a sports-talk podcast shortly after quitting in July. U.S. District Judge Karen Gren Scholer, presiding over the case, repeatedly encouraged to two sides to resolve their differences.
Texas Legal Market: Soft Landing, New Take-Offs or Just More of the Same?
The Texas legal market — just like the national economy — seems to be moving forward but at a considerably slower and more cautious pace. Lateral hiring of associates, especially transactional practitioners, is rare and six-digit signing bonuses are history. Partners with strong books of business, however, remain in demand.
Litigation partners, senior associates and counsel are more sought-after than those in the transactional practices. The DFW lateral hiring legal market is a tad stronger than Houston right now. Austin’s legal hiring has cooled considerably.
The Texas Lawbook interviewed four Texas legal industry insiders to get their insights on the Texas legal market and what they expect for the rest of 2023 and 2024.
The ‘Lasso Way’: Lessons for Lawyers from Ted Lasso Season Three
Season Three provided more takeaways for enriching attorneys on “The Lasso Way.” And of course, more quotable pearls of wisdom.
Appellate Court Threatens Contempt Proceedings Against Harris County District Judge
Harris County Judge Ursula Hall has until 5 p.m. Monday to rule on a motion that has been pending before her in a foreclosure dispute for three years and five months or the First Court of Appeals has said it will initiate contempt proceedings.
CDT Roundup: 23 Deals, 17 Firms, 230 Lawyers, $6.4B
Hydrogen ranks No. 1 in the Periodic Table of Elements, but its carbon-heavy production process has made it a target – not only of environmental concerns — but of potential solutions. Its elemental role in a variety of industrial production processes has made the pursuit of CCS technologies (carbon capture and sequestration) a rising star in a Texas-led pursuit of scalable environmental abatement. Alan Alexander, a partner at Vinson & Elkins, has made himself part of that pursuit. His views are part of this week’s CDT Roundup, along with the usual summaries of new transactions and the roster of lawyers who made them.
CapM Lawyers Lionberger, Brown Leave Winston for H&K
The pair worked on various public and private offerings of equity and debt securities as well as IPO’s, often involving SPACs.
Texas Lawyers Hit $2,000 an Hour
Just a dozen years ago, a handful of lawyers in Texas breached the $1,000 hourly rate barrier. The $1K lawyers were the best of the best in their practice areas: trial lawyers Steve Susman, Tom Melsheimer, Charles Schwartz and Harry Reasoner for bet-the-company litigation, or deal lawyers like Jeff Chapman, Andy Calder, Tom Roberts or Michael Dillard to lead mega-billion-dollar transactions. This year, a handful of Texas lawyers broke through another billing barrier: $2,000 an hour. Dozens more are expected to start charging clients $2K next year.
Litigation Roundup: Hogan Lovells to Defend Against FTC’s Texas Anesthesiology Monopoly Suit, Houston Jury Awards Defendant $32.5M in Construction Dispute
In this edition of Litigation Roundup, the former general counsel of the Houston Housing Authority has her qui tam False Claims Act suit partially revived by the Fifth Circuit, an allegedly undisclosed personal relationship between a magistrate judge and a plaintiff attorney who secured a $124.5 million award in her court gets a second look, and a former CEO of a software company loses his bid to keep a $20 million suit in Texas courts.
Judge Dropped the Ball by Upping Disabled Ex-Player’s Benefits, NFL Pension Plan Tells 5th Circuit
The league’s retirement plan is appealing a Dallas federal judge’s 2022 ruling in favor of former running back Michael Cloud, who said he was denied the benefits he deserved after concussions and other injuries cut his playing career short. The judge wrote that Cloud’s case fits a pattern by the pension plan of nickel-and-diming retired players “suffering from the devastating effects of severe head trauma.”