In dealmaking 2022 was no 2021. Still, the CDT Roundup reported a total of 778 deals during the 52 weeks just ended, and we can show you how the CDT Roundup’s year stacked up against last year’s record-smasher — not to mention the names of those Texas lawyers who worked before and during the holidays.
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Fight Over Noneconomic Damages Cap Teed Up for Texas Supreme Court
If a trucking company gets its way at the Texas Supreme Court, the grief of rich plaintiffs will be worth more in wrongful death damages than the grief of poorer plaintiffs, numerous law professors and a trial attorney interest group argue.
Trustmark Bank Settles Stanford Ponzi Scheme Lawsuit for $100M
One of five banks facing a multibillion-dollar fraud trial next month in Houston for providing financial services to Ponzi scheme perpetrator R. Allen Stanford and his investment firm has agreed to settle its part of the case for $100 million. Mississippi-based Trustmark Corporation, the parent of Trustmark National Bank, agreed late New Year’s Eve to pay the $100 million instead of facing a federal jury alongside four other banks accused of “aiding, abetting and participating in the fraudulent scheme” perpetrated by Stanford and his associates.
Texas Law Firms Predict 2022 Revenues, Profits Will Hit Record Highs
Boosted by a huge burst in complex commercial litigation in 2022, many of the largest corporate law firms operating in Texas predict they scored another record year of revenues and profits, according to a new survey of law firm leaders by The Texas Lawbook.
The new survey, which also looks at revenues from firms’ 2022 litigation and M&A practices in Texas, builds on other recent evidence of the successful year for corporate law firms in 2022, including rates of promotion to partner and year-end bonuses for associates. In addition, several law firm leaders openly declare their firms experienced record revenues and profits in 2022.
The Texas Lawbook has exclusive details.
2022 DFW Corporate Counsel Awards Finalists: Debbie Bartlett, Juli Greenberg, Bill Dunne and Kelli Roach
The Association of Corporate Counsel’s DFW Chapter and The Texas Lawbook have announced the finalists for the 2022 DFW Corporate Counsel Awards for Achievement in Diversity and Inclusion, General Counsel of the Year for a Solo Legal Department and the Lifetime Achievement Award. The legal departments include Texas Instruments, General Motors, Black Mountain Sand and Civitas Capital Group.
Top 10 Texas Legal News for 2022
Texas was once again at the forefront of some of the biggest legal stories of the year. The Androvett Legal Media & Marketing staff identified 10 that stood out in 2022.
The Top 10 Texas M&A Deals of 2022
The year about to elapse may not have been a year for record-breaking deals, but it was a year of more than a few notable deals. Tracking the most important transactions is, at best, a fool’s errand. But here are ten deals that the CDT Roundup considers the most significant. Not everyone will agree with the choices, but they are worth arguing for or against as we toast the New Year.
‘Medical Emergency’ Forces Mistrial in Oft-Delayed $158M Pharmacy Fraud Case
After eight aborted settings since 2017, the trial on bribery and kickback charges was under way in Dallas when a defense lawyer needed surgery. Rather than resuming after a monthlong delay — and making jurors work through the holidays — U.S. District Judge Sam Lindsay rescheduled the trial for next September.
Senior U.S. District Judge Thad Heartfield Dies
Senior U.S. District Judge Thad Heartfield, who served in the Eastern District of Texas, died Tuesday. He was 82.
Fort Worth Bank, Former VP Allegedly Aided Home Flipper’s Ponzi Scheme
Bankruptcy trustee James E. Cross alleges Dallas-area home flipper Skyler Aaron Cook, who has filed for bankruptcy in Arizona, defrauded investors out of at least $3 million in a scheme aided by Valliance Bank. The bank and its former executive vice president have denied the allegations.