The American Alliance for Equal Rights, headed by political conservative Edward Blum, has filed a lawsuit against Fort Worth-based American Airlines and its supplier, alleging the airline’s diversity policy for awarding certain contracts violates civil rights law. Blum, who took down affirmative action in college admissions, has recently been targeting diversity programs in law firms and corporations, including Southwest Airlines in a lawsuit last year alleging a charitable program that provided free tickets to low-income Hispanic students flying home to visit their parents is illegally discriminatory.
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Katten Lands PwC Expert to Grow Private Wealth Practice
John Collins III assists prominent families in multiphase estate planning, executing advanced trust and gift strategies, and working through complex tax, wealth transfer and business planning needs across a range of asset mixes, industries and stages of development.
CPS Energy Hit with $109.5M Verdict in Residential Explosion Trial
A cap on damages agreed to by CPS Energy and Robert and Virginia Rymers in advance of trial means the utility will only owe $60 million. The Rymerses suffered burns, and lost two pet dogs as well as all possessions inside their rental home as a result of the blast.
Litigation Roundup: Another OAG Alum Heads to Washington
In this edition of Litigation Roundup, Beck Redden and Dykema Gossett go head-to-head in a jury trial in Harris County, a group of Dallas residents get an appellate win in the fight over restrictions on short-term rentals and the U.S. Court of Appeals for the Fifth Circuit undoes a victory for the Austin American-Statesman in a lawsuit over an anonymous advertisement.
Akin Strengthens Special Situations Practice with Familiar Hire
Chad Nichols is returning to Akin after two years at Gibson Dunn. In 2024, Nichols provided financing advice on the divestiture of Arcosa’s steel unit as part of the Dallas company’s $1.2 billion acquisition of Stavola and on the formation of a joint venture in the deepwater Gulf of Mexico.
Exclusive CDT Data — Kirkland, Gibson, V&E, Haynes Boone and Latham Top 2024 Texas-Led M&A Rankings
Mergers and acquisitions practices at nearly all law firms operating in Texas thrived in 2024. Eight law firms in Texas saw their M&A lawyers lead buyers, sellers and targets in 50 percent more M&A deals last year than they did in 2023, according to exclusive new data from The Texas Lawbook’s Corporate Deal Tracker. Nine other law firms witnessed a 10 percent or more increase in leading the principals in M&A activity in 2024, CDT data shows. But no law firm’s Texas deal lawyers were busier in 2024 than those at Kirkland & Ellis.
Citi — Big Law in Texas Had Strong 2024, and 2025 Looks Even Better
The bad news for Texas-based corporate law firms is that revenues, profits per partner and demand for legal services significantly trailed their out-of-state competitors during 2024, according to new Citi Law Firm Group data provided Monday to The Texas Lawbook. But the good news is that those outside national law firms — including Kirkland & Ellis, Gibson Dunn, Latham & Watkins and Sidley — growing faster and richer now make up about 60 percent of the Texas corporate legal market, according to the Texas Lawbook 50 report for 2024.
Sidley Austin Adds Veteran Houston-based M&A Partner From White & Case
Sidley Austin has added Houston-based partner Steven Tredennick to its energy, transportation and infrastructure practice.
Buc-ee’s v. Everybody: A Look at the Convenience Store Giant’s Trademark Litigation History
What do a monkey, two chickens, a duck, an alligator and a dog have in common with a beaver? Quite a bit if you ask Buc-ee’s, the popular convenience store and gas station that has earned a reputation for aggressively defending its trademarks in federal court.
CDT Roundup: 14 Deals, 9 Firms, 179 Lawyers, $7.2B
On Feb. 5, Houston-based Mattress Firm was finally sold to Tempur Sealy, the largest mattress manufacturer on the globe. It only took 639 days. Blocked by the Federal Trade Commission, the deal had been unblocked on Jan. 31 by a Houston federal judge. Shaking off some provocative language found in Tempur Sealy company emails, Judge Charles Eskridge decided that the FTC not only misunderstood the mattress market, but effectively ignored the very class of consumers he expected them to protect. The CDT Roundup looks at the end of the long-running transaction, as well as the Texas-related transactions reported last week.