In 2022, the SEC brought its first enforcement action centered on the alleged failure of a broker-dealer and its associated persons to comply with the Regulation Best Interest (Reg BI) “care obligation.” The SEC sought to use the case to impose a new standard of knowledge and education about investments upon investment professionals. A close read of the case has important lessons for both financial professionals and attorneys who represent them.
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Clifford Chance Adds CapM Partner in Houston
Clifford Chance has a new partner to its growing Houston office. Om Pandya, one of the top young capital markets lawyers in Texas, has joined the firm.
Match Names former Twitter GC as CLO
Dallas-based Match Group has named former Twitter General Counsel Sean Edgett as its new chief legal officer replacing Jared Sine, who resigned earlier this year to become CLO at GoDaddy.
Litigation Roundup: Court Wins for Porter Hedges, Holland & Knight and Pro Se Plaintiff Against Houston Methodist
The Texas Lawbook has two reporters in federal courts covering jury trials this week — Bruce Tomaso in Sherman following a civil rights trial and Krista Torralva in Marshall covering a big patent dispute. More from those cases this week.
But this week’s Litigation Roundup focuses on three court cases that resulted in two victories for the defense counsel and a federal appellate reversal for a white pro se plaintiff in a race discrimination lawsuit.
V&E Takes Off in Dublin
The Houston-based firm has opened an office in Dublin, the firm’s 12th worldwide, to further invest in its aviation finance practice.
Thought Leadership: Q&A with the Haynes Boone Legal Team Behind TXSE
The Texas Lawbook visited with two Haynes Boone attorneys playing key roles about the major hurdles ahead, how TXSE became a client, and the downstream effects of a national exchange in Dallas for the Texas legal market.
Bracewell Strengthens L&E Practice with Houston Hire
The Houston-based firm has recruited Brian G. Patterson from Akin. He focuses his practice on restrictive covenant litigation, wage-and-hour cases, OSHA enforcement and internal investigations.
Transocean Raises Questions About Plaintiffs’ Healthcare Billing Schemes in Hurricane Zeta Litigation
The first of two-dozen workers aboard the Deepwater Asgard suing Transocean and other companies for ordering them to keep the giant rig operating even though it was in the direct path of Hurricane Zeta in October 2020 get to tell their harrowing stories to a Houston jury starting next week.
But lawyers for Transocean and the other defendants claim in new documents filed Sept. 5 that they have discovered a secret financial scheme involving the plaintiffs’ lawyers, their medical expert witnesses and a private equity firm that is allegedly providing funding for the litigation. The defense attorneys claim the scheme taints the medical testimony of the plaintiffs’ expert witnesses. The Texas Lawbook has the details.
Challenge to 15th COA Transfer is Filed
The jurisdiction of the state’s new Fifteenth Court of Appeals has been challenged by a party in a dispute that had been on appeal before the First Court of Appeals in Houston. A total of 88 cases have been transferred to the Fifteenth Court of Appeals.
After 7 Years, Fired Quitman Police Captain Will Have His Day in Federal Court
When Terry Bevill signed an affidavit in 2017 saying he didn’t think a friend could get a fair trial in Wood County in East Texas, he didn’t know he was signing the death certificate for his law enforcement career.
On Monday, a federal jury will determine if Bevill was wrongly fired.