Topgolf Callaway Brands said Tuesday that it sold a 60 percent stake in its Topgolf and Toptracer business to Los Angeles private equity firm Leonard Green & Partners in a deal valued at $1.1 billion, with the sale of the stake generating approximately $770 million for Topgolf Callaway. The deal is expected to close early next year.
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Former SCOTX Chiefs Make Case for Judicial Independence
Nathan Hecht, Wallace B. Jefferson and Thomas Phillips held court in a large tent on Austin’s Congress Avenue last weekend to discuss issues related to the Third Branch of government. They fielded questions about a recent constitutional amendment that gave the governor greater authority over judicial discipline and the rise of claims under the Texas Constitution.
Houston Retirement Home Files for Bankruptcy in DFW
Buckingham Senior Living Community cited between 1,000 and 5,000 creditors who are owed between $100 million and $500 million, according to court documents. Buckingham has hired McDermott, Will & Schulte as its lead legal advisor. Partner Marcus Alan Helt of the firm’s Dallas office filed the first day documents in the case.
The Legacy of Pennzoil v. Texaco 40 Years Later — The Civil Jury Trial of the Century
Pennzoil v. Texaco’s legacy remains significant, as it changed how companies handle mergers and acquisitions, caused the Chamber of Commerce to designate Texas as a judicial hellhole in 1986 and directly led to two decades of massive tort reform efforts that dramatically limited the rights of Texans to sue businesses, doctors and insurance companies for wrongdoing. It also launched Texas trial lawyer Joe Jamail to national stardom and made him the richest trial lawyer in American history.
In this in-depth article, The Texas Lawbook provides a detailed timeline of the events involved in the historic litigation, as well as comments from more than a dozen lawyers about the legal strategies employed.
Samsung Recruits Dallas Litigation Partner Paulette Miniter In-House
Miniter joins Samsung Electronics America as director and senior counsel of litigation and government investigations from Dallas-based law firm Brown Fox.
Carrington Coleman Strengthens Dallas Office with Transactional Trio
Carrington Coleman has hired three veteran corporate and M&A lawyers, Brandon Hurwitz, David Campbell and Val Cronin, from the Dallas office of Underwood Perkins. Joining them at Carrington is Christopher Pride, who has worked alongside Hurwitz, Campbell and Cronin since 2024.
Litigation Roundup: Kirkland Gets a Win in Texas’ Tylenol Suit
In this edition of Litigation Roundup, a new trial is ordered in a dispute involving heirs of deceased oil tycoon J. Howard Marshall, The Goldwater Institutes asks the Texas Supreme Court to grant review in a public records fight involving Highland Park Independent School District and fine-dining steakhouse Perry’s is found to be in violation of the Fair Labor Standards Act.
The 44 Law Firms in Texas in Billion-dollar Deal Club
Since 2018, Texas lawyers from 44 law firms have been the lead legal advisors to buyers, sellers or targets in 554 mergers, acquisitions and joint ventures with price tags of $1 billion or higher. Sixteen law firms in Texas have led or co-led 10 or more deals valued in the billions. The Texas Lawbook breaks down the data for Texas-led billion-dollar deals from its transactions database.
Electricity Is the New Oil: Texas Power Deals Top $100 Billion So Far This Year
Texas is at the center of a historic boom in power and utility M&A, fueled by the massive energy demands of data center expansions and the global power race driven by the AI revolution.
It’s no secret that energy, particularly in the form of electricity, has become the foundation of dealmaking in anticipation of the need for hyperscale computing and data storage.
But the demand for power and utility deals, large and small, would be hard to overstate.
In the first three quarters of 2025, Texas lawyers handled more M&A transactions involving power and utility projects than in any full year since 2018.
Not only are there more deals, but they are larger. Far larger. In the first three quarters of 2025, Texas-related deals in the power and utilities sector hit $106.5 billion. By comparison, the record-setting M&A year of 2021 saw eight P&U transactions totaling $3.7 billion. (Photo by Stephanie Tacy/NurPhoto via AP)
From Jet Engines to Electric Wings: Aerospace Leads the Week
The week that ended Nov. 15 saw 16 deals reported to the Roundup, evenly split between M&A and capital/credit markets, with a total value of $16.4 billion. That’s down more than a tad from last week’s 21 deals valued at nearly $76 billion. But it continues a remarkable run of nine consecutive weeks with total reported values of $11 billion or more.
That and more in this edition of CDT Roundup.