With the acquisition Marathon will double its presence in the Eagle Ford Shale to become one of the top producers in the basin. The company anticipates a post-close dividend raise of 11 percent. Claire Poole reports.
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Kirkland, Eversheds, Paul Hastings, Latham Advise on $1.8B ESG Acquisition of 1.7M acres of Sustainable Forestlands
The deal would make Blue Source Sustainable Forests Company — a joint venture with Oak Hill Advisors — the seventh largest private owner of forestlands in the nation. The Lawbook has the names of the Texas lawyers involved in the ground-breaking ESG deal.
Worker’s Electrocution Blamed on Multiple Failures at West Texas Midstream Plant
In opening statements in state court in Dallas, lawyers for the family of Gabriel Vela say EnLink Midstream cut corners in its rush to expand the plant. Defense lawyers say Vela’s actions led to his death.
Dallas Minority Bar Orgs Launch New Job Board
Finding diverse job candidates in Dallas just got easier for firms. Six minority bar organizations have launched the Dallas Legal Equity and Diversity job board, a diversity and inclusion-focused job site. Natalie Posgate reports on how it came together and how employers and diverse attorney candidates can begin connecting on the platform.
PTAB Invalidates Oil & Gas Patent at Heart of Multiple Infringement Suits
A team from Alavi Anaipakos successfully represented oil field products manufacturer G&H in a post-grant review challenge before the Patent Trial and Appeal Board. The ruling could impact nearly a dozen patent infringement lawsuits pending against other manufacturers.
$10.9B Atlas Corp to be Acquired in Take-Private Transaction
Hong Kong-based Atlas Corp. is being taken private by a consortium of investors that includes the company’s major stockholders and management. The deal was advised by some Texas-based lawyers. The Lawbook has the details.
V&E Taps Bracewell, Simpson Thacher to Bolster L&E and Executive Compensation Practices
V&E is adding Rebecca Baker, who is a past chair of Bracewell’s labor and employment practice, and two New York executive compensation partners from Simpson Thacher & Bartlett.
Texas Lawbook Foundation Launches, Natalie Posgate to Lead Pro Bono, Public Service and Diversity Coverage in Texas
The daily news is filled with articles about lawyers scoring multimillion-dollar jury verdicts, closing billion-dollar M&A deals or reaping tens-of-millions of dollars in annual firm profits. The Texas Lawbook announces today its commitment to focus significantly more on what is essentially the legal profession’s ESG. From this day forward, The Lawbook has a full-time reporter — Natalie Posgate — doing nothing but researching and writing about pro bono, public service and diversity efforts involving Texas law firms and corporate legal departments. She will publish articles that highlight the successes of Texas lawyers and firm leaders, but also examine where and how the legal profession is failing. Posgate will be the first legal journalist in Texas to write exclusively about pro bono and diversity.
CDT Roundup: 15 Deals, 9 Firms, 116 Lawyers, $7.8B
With blank check IPOs and de-SPAC mergers dwindling in number, the third quarter of 2022 may have spelled the most conclusive evidence yet that the SPAC track has peaked as a quick path to public trading for companies that covet a ticker symbol. Blame it on inflation or on the quality of the targets themselves, but according to Pitchbook SPACs have proved themselves unable to sustain the enthusiastic pricing they experienced just a year ago. The CDT Roundup has those details, as well as the names of the firms and Texas lawyers who reported transactions last week.
Government Contracts Expert Returns to K&L Gates in Dallas
Sheila Armstrong has left Morgan Lewis to go back to the firm where she made partner earlier in her career.