The deal marks yet another consolidation in the sourcing, transportation and processing of LNG, this time in the Marcellus and Utica Shales. The Lawbook has the names of the Texas lawyers involved.
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Texas Capital Bank Sheds Insurance Premium Finance Unit to Truist for $3.4B
The move is part of Dallas-based Texas Capital’s strategy to re-focus its capital and expenses for the creation of a full-service financial services firm in the state. Texas Capital CLO Anna Alvarado tapped Cravath to guide it through the deal while Truist turned to lawyers at Willkie.
Former SCOTX Justice Eva Guzman Jumps to Houston Litigation Firm
Eva Guzman, who launched a failed bid to unseat Texas Attorney General Ken Paxton after resigning from the court last summer, will start at Wright Close & Barger on Sept. 12.
Fifth Circuit Judge Joins Gibson Dunn
Federal appellate judges almost never resign; and they never ever go back to practicing law. Gregg Costa, the Houston federal prosecutor who sent billionaire financial fraudster Allen Stanford to prison in 2012 and then was appointed to the U.S. Court of Appeals for the Fifth Circuit by President Obama, is doing both. Costa is giving up his black robe and the lifetime job security of a federal judgeship to join the Houston office of Gibson Dunn as co-lead of the firm’s global litigation and trial practice.
Costa is moving his Houston office seven blocks. His new Gibson Dunn office at is about one-tenth the size of his 3,000-square-foot suite at the federal courthouse, but he is getting a bit of a compensation boost. The Texas Lawbook talked with Costa exclusively and has the details.
CDT Roundup: 9 Deals, 9 Firms, 62 Lawyers, $2.3B
Sure, oil and gas transactions are still a big deal in the Texas deal markets. But starting just a few years ago, other business sectors are beginning to make their presence felt in the Lone Star State. Peruse the deals in this week’s CDT Roundup and note the rising role of technology. The Lawbook’s Claire Poole has a few observations on the trend, along with the names of last week’s dealmakers.
Texas Supreme Court Accepts ERCOT’s Appeal over Immunity
The Supreme Court of Texas agreed late Friday to hear the two cases brought by electric power companies against the Electric Reliability Council of Texas that involved billions of dollars individually and could impact tens of billions of dollars at stake in thousands of lawsuits related to Winter Storm Uri. The two cases, which are unrelated to each other, are likely to be argued jointly because the same questions are at the heart of both matters: Is ERCOT a division of state government and is it immune from civil lawsuits?
V&E Counsels Brigham Minerals on $4.8B Stock Merger with Sitio
The combination would create a leader in the oil and gas mineral and royalty sector. Claire Poole has the details of the deal and the names of the lawyers involved.
Litigation Roundup: Ericsson Dinged with $31.5M Infringement Verdict; BMC, Baker Hughes March Toward TM Trial; and More
In this week’s edition of Litigation Roundup, a team from Susman Godfrey obtained a patent infringement win against Ericsson, two Kilpatrick Townsend attorneys took another step toward ending a recruiter’s fee lawsuit, the Fifth Circuit affirmed a $3 million award in a trade secrets lawsuit between competing oil industry employment websites and Baylor College of Medicine won a $48 million Covid-19-related jury award.
Fifth Circuit Judge Gregg Costa’s Exit Interview: ‘A Monumental Loss’ for the Courts
As Gregg Costa neared graduation at Dartmouth College in 1994, he faced a choice: Follow his dream and go directly to law school or take a couple gap years and get a job. He chose the latter. The decision changed his life forever. Last week, Costa stepped down as a judge on the U.S. Court of Appeals for the Fifth Circuit to return to private practice, stunning nearly everyone in the legal community and left lawyers and judges asking why a 50-year-old just one step away from the U.S. Supreme Court would give up a lifetime appointment.
In an exclusive interview with The Texas Lawbook, Costa said there were a handful of reasons. At 50, he believed he needed a change. The makeup of the Fifth Circuit left the more moderate Costa in the minority on issue after issue. But Costa’s decision to leave the Fifth Circuit – like many of his biggest career choices – can be traced back to Sunflower, Mississippi, an impoverished town of 1,100 and his two years of teaching third and fourth graders.
Photo: Sharon Ferranti
Remembering Harold Kleinman, ‘A Giant of the Legal Profession’ and a Lion of the Texas Bar
Harold Kleinman, a pioneer of the modern-day corporate M&A law practice in Texas, lawyer to some of the state’s biggest businesses and a founding father of Texas Access to Justice, died Friday. He was 91.
For five decades, Kleinman was a lawyer and leader at Thompson & Knight, guiding the firm through extraordinary growth and turning it into a powerhouse in the energy sector. Bar associations, community groups, Jewish organizations and businesses honored Kleinman with award after award. In fact, the State Bar of Texas and Texas Access to Justice named its top honor for commitment to the legal profession the Harold F. Kleinman Award. “I was just a lawyer who represented clients and believed everyone deserved a fair shake under the law,” Kleinman told The Texas Lawbook in 2015. The Lawbook looks at the life and career of one of the greatest corporate lawyers in Texas history.