Free Speech, Due Process and Trial by Jury
SpaceX announced on June 16 in a social media post that it exercised an option to acquire Cursor in an all-stock transaction valued at $60 billion, with Gibson Dunn and Kirkland advising.
SpaceX plans to fold Cursor into its X67 Inc. unit. The deal was first announced in April, when SpaceX said it would “pay $10 billion for our work together” if it didn’t exercise the option.
Olin Corp. and Huntsman Corp. announced June 16 that they have merged in an all-stock deal that creates a chemicals company with more than $12 billion in annual sales.
Kirkland, Cravath and Sidley advised on the transaction.
Yum! Brands has agreed to sell Pizza Hut to Connecticut private equity firm LongRange Capital for about $1.5 billion, with an earn-out option of $75 million by 2030, while Pizza Hut in mainland China will be acquired by Yum China Holdings for about $1.2 billion.
Sidley, Weil and Mayer Brown are serving as outside legal advisors.
In this edition of Litigation Roundup, the U.S. Securities and Exchange Commission’s Fort Worth regional office gets a final judgment against a Mansfield man accused in a $2.9 million fraud, and a company that offers an array of services to fuel retailers turns to the Texas Business Court in pursuit of $21 million in damages.
Mediation is intended to resolve disputes, not to check a procedural box or make a perfunctory settlement attempt. Too often, avoidable missteps derail that objective. Here are common mediation mistakes that make resolution harder to achieve.
Customers at Dave & Buster’s and Main Event in Dallas-Fort Worth were introduced to a new employee at the entertainment and restaurant operations company: New D&B CLO Rachel Morgan, who spent her first week on the job working among its rank-and-file employees of all levels.
“Everything I ate was delicious, but my favorite was the pepperoni pizza with a cauliflower crust and the key lime pie cheesecake,” Morgan told The Texas Lawbook. “As for games, the new Stranger Things and John Wick games were a blast. At Main Event, they convinced me to try to ropes course and the human crane — I looked ridiculous, but both were a blast. And the staff beat me badly in laser tag. I had hoped they would have mercy on me, but they did not.”
For the week ended June 13, the CDT Roundup reported on ten deals with a disclosed value of $11 billion.
A year ago at this time, the Roundup reported on nine deals with a combined disclosed value of $478 million.
By far the largest deal of the week was a massive venture involving PE, a sovereign fund, a power provider and a major chipmaker. That and more in this edition of CDT Roundup.
The crisis in the Strait of Hormuz may be creating a profound sense of uncertainty among consumers at the gas pump, but the bankers who will be lending billions for oil and gas production are sanguine about the prospects of oil and gas prices returning to normal by the end of the year. In the latest survey of energy lenders conducted by Haynes Boone, energy lenders are expecting oil prices to subside by the end of the year, with long-term projections reaching pre-conflict levels by 2028.
In its recent decision in K&K Inez Properties v. Kolle, Texas Supreme Court clarifies the required showing for a “responsible third party” designation. This article examines the holding and its implications for practitioners.
Martha Hardwick Hofmeister was a freshly minted lawyer and new to Dallas when she joined the Dallas Bar Association because, she recalled, “I thought that’s what you were supposed to do when you’re a lawyer.”
She joined the association’s entertainment committee and had to miss a meeting. She got a letter shortly thereafter appointing her director of a new project, a show without a lot of structure, that would raise funds for the newly established Sarah T. Hughes Diversity Scholarship.
Four decades later, Hofmeister is still the director of that production. Bar None, a lawyer-written and lawyer-performed musical comedy, has raised more than $2.5 million for full-ride law school scholarships. Over the years, the cast and crew have cultivated a Bar None family that has celebrated cast members who marry and have children and have rallied together in the hard times, including the loss of teammates.
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