Below is a list of qualified M&A transactions reported to The Texas Lawbook for 2024. The list is organic, designed to grow as needed. So if you have deals that qualify or
More Stories
Vartabedian & Hester Announces New Name Partner, New Offices, 2 More Additions
The energy-focused team from Alston & Bird that launched a new firm in Fort Worth late last month has added Craig Haynes from Holland & Knight to become Vartabedian, Hester & Haynes. The firm has also officially opened an office in Dallas and is in the process of opening an office in West Texas.
Steptoe, Blank Rome Add Litigators to Houston Offices
The firms announced new hires Monday to their Houston offices. Claudia Wilson Frost comes to Steptoe from Orrick, while Audrey F. Momanaee leaves Balch & Bingham for Blank Rome.
SCOTX Answers Fifth Circuit’s Prompt Payment Question in Favor of Insurer
The court heard oral arguments in October in Rodriguez v. Safeco Insurance Company, a case that that asked the court to interpret a state insurance law as it related to recovery of attorney fees. “Rather than speculate about whether the Legislature intended recovery of attorney’s fees to be likely, unlikely, or impossible, we should instead stick with the bedrock principle that the Legislature intends the courts to follow its instructions as written,” Justice Jimmy Blacklock wrote for the unanimous court. “In this instance, the Legislature has required the use of a mathematical formula that yields zero attorney’s fees in cases like Rodriguez’s.”
Fifth Circuit Knocks $366M Judgment Against FedEx Down to $248K
Jennifer Harris’ attorney, Brian Sanford of Sanford Firm, told The Lawbook he plans to appeal the ruling either by seeking rehearing en banc at the Fifth Circuit or by petitioning the U.S. Supreme Court to hear the case. Harris was awarded $366 million, including $365 in punitive damages, by a jury that rejected her claim of racial discrimination but did find that Harris’ firing was retaliatory.
P.S. — A CMO Honored, An Allied Mixer, A 50th Birthday for LSC
This week’s edition of P.S. features new board leadership at the Dallas LGBT+ Bar Association, an Austin-based chief marketing officer who recently won an award from the Travis County Women Lawyers’ Association, an upcoming mixer involving Dallas-area allied bar associations and the judiciary, and a group of Texas lawyers — including top-ranking lawyers at American Airlines and Energy Transfer — who were recently recognized by Legal Services Corporation for their contributions to pro bono work at the state legal aid organizations that LSC funds.
Plus: info on the North Texas charity Carrington Coleman donated thousands of diapers to last year.
Baker Botts Adds L&E Pro in Houston
Scott Nelson will join as the firmwide leader of the labor and employment practice and will also be a partner in the Houston office’s litigation department. He was previously a partner with Hunton Andrews Kurth.
IRS Leans “Green” — Much-Awaited Section 45V Guidance Creates New Opportunities for Hydrogen Markets
The proposed regulations address many gating questions, including providing rules for determining lifecycle greenhouse gas emissions rates resulting from hydrogen production processes and the introduction of qualified “energy attribute certificates” to ensure feedstock electricity source eligibility.
2023 M&A: A Statistical Elephant and a Parallax View
Texas-related M&A data for 2023 compiled from The Texas Lawbook’s exclusive Corporate Deal Tracker reveals a strangely successful year — even a record year in some quarters. A record number of Texas-related deals were reported: 1,225 mergers, acquisitions, and joint ventures with an aggregate value of $739.7 billion. That’s a 13.2 percent climb in deal volume over 2022 (1,082) and more than double year-over-year values ($367.1 billion).
Brister, Gunn, Matthews Among Applicants for TX Business Court and 15th Court of Appeals
Twenty lawyers, including several former Texas appellate and trial court judges, have applied for appointment to the newly created business courts and intermediate appellate court. They include prominent figures such as former Texas Supreme Court Justice Scott Brister, appellate specialist David Gunn and Houston MDL Judge Sylvia Matthews. Five candidates from the Texas AG’s office also are seeking positions. Gov. Abbott will appoint the judges and justices, who begin hearing cases in September. The Texas Lawbook obtained the applications through a public information request.