Last week’s announcement of a new joint venture between Sentinel Midstream and ExxonMobil connecting Louisiana pipelines marked more than another O&G consolidation. It was another deal to be tallied in what has been a remarkable year for Willkie Farr & Gallagher’s Houston partner, Archie Fallon. As we head into the final month of 2023, the CDT Roundup looks at his major deals on the year, along with those of the 57 mostly Texas lawyers who reported transactions for the week following the Thanksgiving holiday.
More Stories
Litigation Roundup: Federal Circuit Orders New Damages Trial in $2.1B VLSI/Intel Case, Pfizer Again Sued by Texas
In this edition of Litigation Roundup, Texas follows up on a Medicaid fraud lawsuit accusing Pfizer of manipulating data about the efficacy of a pediatric attention-deficit drug with a lawsuit accusing the pharmaceutical company of lying about the effectiveness of its Covid-19 vaccine, Antero Resources continues its fight to recover an $11.9 million judgment from a former manager and an intermediate appellate court finds a fatal products liability suit should be litigated in Dallas.
Judges Reject CirclesX Petition to Separate from MDL
A five-judge panel that decides which Texas civil lawsuits should be consolidated in statewide multidistrict litigation has rejected a plea by lawyers representing data analytics firm CirclesX Recovery and other plaintiffs alleging a multibillion-dollar market manipulation conspiracy among natural gas companies during Winter Storm Uri to separate their lawsuits from hundreds of others. The decision means the case will remain a part of the MDL before a single Houston judge.
SCOTX Tells Fifth Circ. Deadline-Tolling Statute Applies in Flight Attendants’ Boeing Suit
The federal appellate court had asked the Texas Supreme Court to answer two questions clarifying how Texas Civil Practice & Remedies Code § 16.064 applies to the claims of former United Airlines flight attendants, Marvin Sanders and Matthew Sodrok, who say they were injured when a smoke detector activated — despite the absence of smoke or fire on board — at such a high volume that it burst their ear drums, caused their ears to bleed and left them with permanent hearing loss. The justices’ answers revived the lawsuit against The Boeing Company and two companies that provided parts and maintenance for the allegedly defective smoke detector.
Akin, Baker Botts, Yetter Coleman Join Firms in Associate Pay Raises and Bonuses
The three Texas law firms added their names to the growing list of corporate law practices that are increasing associate compensation and handing out big year-end bonuses.
P.S. — Winter Coat Drive, Identity Theft Relief, Squire Patton Boggs’ Distinguished Fellows
This week’s edition of P.S. features a Toyota lawyer’s recognition for her commitment to justice and to helping the underrepresented, a Texas Appleseed pilot program that works to help domestic violence victims break free from coerced debt brought by their abusers, December dates for Dallas Volunteer Attorney Program’s pro bono legal clinics, and a winter coat donation occurring this weekend for low-income students in the Fort Worth Independent School District sponsored by a major Dallas personal injury firm.
V&E, Sidley, McDermott, Norton Rose Fulbright Match Cravath Salary Bump, Bonuses
Christmas came in late November for non-partner lawyers at Vinson & Elkins. In an email Thursday to the firm’s associates, V&E announced it is paying them annual bonuses ranging from $15,000 to $115,000 and increasing their compensation between $10,000 and $20,000 per year. First-year associates will now make $225,000 and eighth-year associates will see their annual comp top $550,000 with the bonus.
‘I Can Have a More Peaceful Life’: Sidley Helps Sexual Assault Survivor Secure VA Benefits
It was the actions of a series of men in the 1970s and 1980s that derailed the rest of Rachel Faili’s life, even almost ending it. It was the decision by a group of Sidley Austin lawyers to take action and represent this Houston veteran pro bono that helped her move forward from decades of the severe post traumatic stress disorder that has haunted her since her military service.
This is the story of both events, the bridge between them and how a lawyer’s skills can be used to truly make a difference in the lives of those who suffer.
SEC Enforcement: Five Trends to Watch
The Securities and Exchange Commission closed fiscal year 2023 on Sept. 30 with a flurry of enforcement filings. A few things stand out, including a sharp increase in cryptocurrency and other digital asset enforcement actions, which far outstrips the agency’s activity in this space in earlier years. There was also a pronounced jump in enforcement focus on corporate internal controls, continuing a trend that started last fiscal year. Meanwhile, the SEC paid record whistleblower awards and stepped up its whistleblower protection efforts, highlighting their importance to the SEC’s enforcement program. On the other hand, ESG enforcement activity appeared to wane, which contrasts with the prominence SEC officials have given to ESG issues in speeches and proposed rulemaking. And SEC administrative proceedings suffered more blows in court challenges, which, while not appearing to slow the pace at which the SEC is filing enforcement cases, could have implications for the SEC’s efforts to regulate the professionals who practice and appear before it.
Simpson Aids KKR on Buying Rest of Global Atlantic for $2.7B
The Simpson team was co-led by partner Christopher May in Houston. KKR already served as Global Atlantic’s asset manager for the last three years, offering access to its global investment and origination capabilities for the benefit of GA’s policyholders.