A key step in recovering from a hurricane involves accessing insurance. Many insureds have questions such as: Are we covered? How do we prepare our claim? What if we suffered because our customers or suppliers were impacted? Are governmental funds available to aid our recovery? These and other issues are crucial to accelerating and maximizing the recovery process.
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SDTX Bankruptcy Judge Jones Seeks Dismissal of Romance-Related Lawsuit
A lawsuit against former Houston Bankruptcy Judge David Jones claiming that he conspired with lawyers at corporate law firms should be dismissed because “well-established judicial immunity doctrine … provides absolute immunity from suits for damages” for judges, lawyers for Judge Jones argued in court documents filed Thursday.
“This immunity applies even when the judge is accused of acting maliciously and corruptly, and the immunity extends to allegations of intentional misconduct,” David Boies, lawyer for Judge Jones, wrote in the motion to dismiss.
Update: Judge Tosses Breach of Contract Suit Against Fort Worth Oil and Gas Company
State District Judge Megan Fahey granted summary judgment to Fort Worth-based Tug Hill Inc. in a lawsuit brought by a former executive. The ex-exec argued a verbal agreement was reached with the company’s president that entitled him to management incentive units that should have been paid out to him in an amount over $10 million.
Enagás Exits Tallgrass in $1.1B Deal with Blackstone
The deal follows Blackstone’s purchase last month of Phillips 66’s interest in REX, and further consolidates Blackstone control of more than 7,000 miles of midwest oil and gas pipeline.
CDT Roundup: 11 Deals, 11 Firms, 95 Lawyers, $3.9B
Deals are deals, unless they turn out not to be. The proposed $4 billion acquisition of Houston-based Mattress Firm by rival Tempur Sealy seemed like a deal. But the Federal Trade Commission last week voted 5-0 to stop the negotiations and sought to do so in a Houston federal court. The FTC complaint contains the usual language about protecting the U.S. consumer, but it also features allegations of retail bullying by Tempur Sealy along with 182-redactions to back that up. A discussion of that, and the usual fare of Texas-related deal summaries and the firms and lawyers involved, is in this week’s CDT Roundup.
On Winter Storm Uri, the Texas Supreme Court and the Public Utilities Commission’s Power to Address Statewide Emergencies
Earlier this summer, the Texas Supreme Court decided two highly publicized, high-stakes cases arising out of Winter Storm Uri. The upshot of Luminant and RWE appear three-fold for the Texas electricity industry.
Litigation Roundup: Injunctions Against Federal Agencies Mount
In this edition of Litigation Roundup, we look at the lawyers who helped secure recent rulings barring the federal government from regulating horseracing and from enforcing bans on both noncompete agreements and LNG export approvals.
Bracewell Adds Top Energy Partner Michelle Boudreaux
Bracewell has added an experienced partner to its energy regulatory group. Michelle Boudreaux, previously a partner in the energy projects and transactions group at Baker Botts, has joined Bracewell’s Houston office.
Devon Energy Acquires EnCap Bakken Assets for $5B
Kirkland & Ellis and Vinson & Elkins advised on the upstream/midstream deal which includes more than 300,000 acres and a 950-mile gathering system. It marks the third major upstream transaction by Houston-based EnCap Investments in the past month.
Texas Lawbook Hires Jeff Schnick as Editor
The Texas Lawbook has hired longtime business journalist and editor Jeff Schnick as its new editor. Schnick, 45, is the former editor of the Dallas Business Journal and a former assistant business editor at The Dallas Morning News. He will oversee a news team of nine reporters who cover business litigation and trials, corporate mergers, acquisitions and capital markets, law firm management and business bankruptcies.
“We’re working persistently to make our news product more comprehensive across all our coverage areas, as well as to ensure that our premium subscribers are offered more exclusive data and stories,” Schnick said in a Q&A, where he discusses his background, his passion for newspapers and his plans for enhancing Lawbook content.