The week ending August 16 saw 13 deals for $26 billion. At first blush that meshes nicely with the week prior, which saw 19 deals valued at $16 billion. But don’t be deceived. Of those 19 deals in the prior week, 15 of the volume (and $11 million of their value) were for M&A or fundings. Last week saw only seven M&A/Fundings valued in total at just over $3 billion. And the big deal of the week was a capital markets filing: a $20 billion upgrade in a previously announced At-The-Market issue for a crypto miner. That’s a questionable week masking as a blockbuster. That and more in this edition of CDT Roundup.
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Family Seeks More Than $1M for Daughter’s Death in Kerr County Floods
The first lawsuit in the aftermath of the Fourth of July Kerr County floods was filed in Kerr County District Court. The family of a woman who died in the flooding alleges an RV park committed negligence and is seeking a jury trial and damages.
U.S. Trustee Opposes Jackson Walker Bankruptcy Settlements, Seeks Trial and Stronger Penalties
The federal government’s bankruptcy court watchdog asked a federal judge Friday to reject efforts by Jackson Walker to individually settle claims against it involving the law firm’s critical role in the secret romance scandal between one of its partners and former Houston Bankruptcy Judge David Jones.
Clark Hill Adds Estate Planning Pro
Clark Hill recently added Jason McCuiston as a member to its tax and estate planning group in the Collin County office.
Bradley Adds Another Partner in Dallas
Bradley Arant Boult Cummings named Jeffrey M. Harvey partner in its corporate and securities practice group in Dallas.
P.S. — Magna Stella Awards Spotlight State’s Leading In-House Counsel, Memorabilia from Judge Barbara Lynn Goes to Auction
In this week’s P.S. Column, we celebrate the winners of the Texas General Counsel Forum’s Magna Stella Awards, honoring in-house legal leaders for their outstanding achievements ahead of the Nov. 20 ceremony in San Antonio. We also highlight the ongoing Dallas Women Lawyers Foundation’s auction of memorabilia from Judge Barbara Lynn’s career.
15 Firms in Texas Achieve Lawbook 50 Elite Status
Despite ever-higher standards, more corporate law firms in Texas achieved Texas Lawbook 50 elite financial status last year than ever before. Eighteen business law firms reported revenue per lawyer for their Texas offices of $1.5 million in 2024. Eighteen firms also scored profits per partner of $3 million or more — though not the same 18. Thanks to scores of senior corporate lawyers now billing at hourly rates exceeding $2,000, 15 law firms operating in Texas achieved both of those criteria — up from 11 in 2023.
Fifth Circuit Splits in Property Rights Case, Reverses Southern District’s Judgment
An apartment complex damaged by Hurricane Harvey sees a reversal in a constitutional takings case that the city of Houston shouldn’t have denied its request for a repair permit. The case returns to the Southern District for further proceedings to compensate the apartment complex.
Online Dating Company to Pay $14M to FTC
A settlement between Match Group and the Federal Trade Commission will resolve the dating website’s alleged misleading practices. The Dallas-based company has agreed to pay $14 million and clarify its “guarantees.”
Asked & Answered with V&E’s Quentin Smith: Morehouse, Michigan and MDL — the Making of a Texas Litigator
Asked & Answered is a new standing feature The Texas Lawbook will bring readers twice a month, highlighting the work of leading Texas lawyers and offering insight into their lives outside the courtroom. In this edition, Alexa Shrake sits down with Vinson & Elkins partner Quentin Smith, who discussed securing an $80 million breach of contract verdict for Huntsman Chemicals in Louisiana and representing Oncor Electric in litigation stemming from Winter Storm Uri — as well as the only brand of jelly beans worthy of the war room.