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Fifth Circuit Panel Says National Labor Relations Board’s Structure is Likely Unconstitutional

Three federal district courts in Texas saw their judgments affirmed by the U.S. Court of Appeals for the Fifth Circuit Tuesday. The Fifth Circuit determined the district courts did not abuse their discretion in granting preliminary injunctions for SpaceX, Energy Transfer and Findhelp halting administrative proceedings before the NLRB while they pursue constitutional challenges to the agency’s structure.

Nexstar to Buy TEGNA Local Broadcast Properties for $6.2B

Publicly traded Nexstar Media Group, the nation’s largest owner of local television broadcast stations in the U.S., announced Tuesday that it is acquiring TEGNA Inc. and its 65 local stations in 51 markets, including 15 stations in 12 markets in Texas. Kirkland & Ellis, Wiley Rein, Morrison Foerster, Wachtell and Covington & Burling advised on the deal. (Photo by Kristoffer Tripplaar/Sipa USA via AP Images)

Litigation Roundup: Toyota Faces Vehicle Tech Patent Lawsuit

In this edition of Litigation Roundup, Texas loses an appeal to the Fifth Circuit, universities battle over alleged trademark infringement, a religious society must pay delinquent taxes after not filing for exemption, and farmers throw a water fight with a Dallas hedge fund manager.

In Roller-Coaster M&A Market, Billion-Dollar Deals Prove More Resilient Than Most

In what has proven to be an increasingly uneven deal environment week-over-week this year, there’s been a steady stream of billion-dollar transactions to kick off the third quarter. Good news, right? Sure, but the devil is in the details. Even with lingering uncertainties around interest rates and geopolitical tensions (both kinetic and trade), Texas lawyers were part of nine major deals exceeding $1 billion since the beginning of July. The transactions span multiple sectors, from energy infrastructure to data centers, highlighting the state’s continued appeal as a hub for transformative corporate combos and tie-ups. The Lawbook recently asked Texas dealmakers with extensive experience handling billion-dollar transactions to share their perspectives on the current M&A environment, including their assessment of the first half of the year, the third quarter so far and their outlook moving forward.

Changes Are Coming to Healthcare Noncompetes in Texas

Healthcare employers in Texas face new requirements for noncompetition agreements following the passage of Senate Bill 1318. The legislation modifies existing requirements for physician noncompetes under Section 15.50 of the Texas Business & Commerce Code and creates a new Section 15.501, which extends certain noncompete restrictions to dentists, nurses and physician assistants for the first time.

CDT Roundup: Last Week’s Deal Flow was More Mirage Than Momentum

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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