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Testimony Ends in ExxonMobil’s $1.9B Lawsuit Against IRS
In lieu of closing arguments, the company and the U.S. government agreed to file post-trial briefs with Chief Judge David C. Godbey of the Northern District of Texas, who presided over the weeklong tax dispute trial stemming from ExxonMobil’s natural-gas mining venture with Qatar.
Movie Review: Clemente is a Fitting Tribute to Baseball’s ‘Great One’
When Roberto Clemente made it to “the show” in 1955, sportswriters and baseball card manufacturers took to calling him “Bob” — not out of informality but because they felt the need to deracinate his name and his appeal. Baseball was still decades away from the days when every big league roster became stocked with Latin players, and the Puerto Rican phenom posed some sort of threat to the established (white American) order. Those same writers would quote Clemente by denoting his thick accent — for example, “heet” instead of “hit.” If Clemente sometimes seemed to have a chip on his shoulder, it’s not difficult to see why. The man bluntly and accurately nicknamed The Great One is now the subject of an affectionate and thorough documentary, simply called Clemente, that premiered at the SXSW Film Festival in March. (Photo credit: Les Banos)
Corporate Law Firms Hired Record Number of Texas First-Years in 2023
The competition for first-year associates hit a fevered pitch 2023 as corporate law firms in Texas hired 503 brand new lawyers last fall to join their Texas offices — a 15 percent jump over 2022, according to exclusive new Texas Lawbook 50 data. Twenty-six law firms operating in Texas increased their hiring of new law school graduates in 2023, while 15 firms reduced their first-year hires and nine firms hired the same number in 2023 as they did the prior year.
Locke Lord in Merger Talks with Troutman Pepper
Both sides are confirming that Texas-based Locke Lord is in merger talks with the Georgia-founded firm. Texas Lawbook 50 research shows Locke Lord’s revenues in Texas stayed flat in 2023, but profits per partner increased. An analyst says he sees growth in depth and breadth for both sides in the proposed merger. This isn’t the first time Troutman has tried to break into Texas.
Not Serious, Substantial, or Similar: SCOTUS Holds Title VII Transfer Claimant Must Show Only ‘Some Harm’
The ruling is likely to result in more discrimination cases about job changes surviving defense challenges and moving forward to trial.
SCOTUS Narrows Application of Exchange Act Rule 10b-5(b) to Half-Truths
Until last week, federal circuit courts were split on whether so-called “pure omissions” could support securities fraud claims under Securities Exchange Act Rule 10b-5(b). For those not fluent in the application and enforcement of Rule 10b-5(b), its text does not exactly roll off the tongue and its concepts can be tricky to apply in practice.
Mike Boone Named to Texas Business Hall of Fame
The co-founder of Haynes Boone will be inducted into the TBHF alongside such luminaries as former NBA great David Robinson, EnCap Investments’ David B. Miller and Taylor Sheridan, creator of TV’s “Yellowstone” franchise.
Sheppard Mullin Adds Greenberg Traurig Labor, Employment Pro in Houston
Angeles Garcia Cassin’s practice is focused on defending companies in the healthcare, retail and e-commerce industries. One of her existing clients is already a client of Sheppard Mullin, she shared in an interview with The Texas Lawbook.
SCOTUS Revives Texas Landowners’ Takings Suit Against State
The U.S. Supreme Court on Tuesday unanimously revived the lawsuit that the U.S. Fifth Court of Appeals had dismissed with a one-paragraph ruling. Daniel Charest of Burns Charest, who is the lead trial attorney for the landowners, was confident about the outcome of the case when he was present for oral arguments in January and heard what he viewed as an important admission from Texas Solicitor General Aaron L. Nielson, who was arguing for the state.