Panelists from five firms at the UT Law M&A Institute on Thursday concluded that ESG issues, both financial and legal, are moving toward greater focus in M&A transactions; perhaps at different paces depending on industry or geography, but evolving nonetheless in ways that need the attention of lawyers.
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Former Federal Prosecutor Charles Fowler Returns to McKool Smith
Fowler’s experience raising unprecedented constitutional issues in federal courts will enhance McKool Smith’s growing appellate practice, the firm says.
Yetter Coleman Wins $25.7M Winter Storm Uri Contract Dispute for DC Transco
U.S. District Judge Robert Pitman last week ordered Rainbow Energy Marketing Corporation to pay $25.7 million to DC Transco as part of dispute over a series of derivative financial transactions related to Winter Storm Uri in February 2021.
Civitas to Acquire $2.1B in Permian Assets from Vitol’s Vencer Energy; Kirkland and Latham Advised
Vowing to pursue a net-zero emissions strategy when it was formed just two-and-a-half years ago with the merger of two Denver-based producers, Civitas has been aggressive in its acquisition of assets in the Permian and Denver-Julesburg Basins. And Vitol, a global energy giant, has been an active player in virtually every energy platform available in the U.S. Lower 48.
Texas Justices Wrestle with Attorney Fee Recovery in Prompt Payment Act Dispute
The Texas Supreme Court heard oral arguments Wednesday morning on a certified question from the U.S. Court of Appeals for the Fifth Circuit in a dispute that tees up the interpretation of a 2017 amendment to the Texas Prompt Payment of Claims Act. Noting a federal court split on the issue and that only one intermediate appellate court in Texas has addressed the issue, the Fifth Circuit asked: In an action under Chapter 542A of the act, does an insurer’s payment of the full appraisal award plus any possible statutory interest preclude recovery of attorney fees?
SCOTX Ponders Order Shutting Down Stinky Poultry Operations
The appeal involves high-powered lawyers and noxious fumes from East Texas industrial chicken farms. It presents important legal questions arising out of recent Texas Supreme Court decisions on temporary nuisances and permanent equitable relief.
McDermott Picks Up Houston Tax Leader from Mayer Brown
Shawn O’Brien was previously the co-head of the energy tax practice at Mayer Brown.
Reed Smith Names Alan York New Global DEI Chair
In an interview with The Texas Lawbook, York discusses his new responsibilities as global DEI chair, immediate and long-term goals, why diversity, inclusion and equity is important at a law firm and to him personally, and his take on the aftermath of the SFFA v. Harvard U.S. Supreme Court decision.
A New JV has Astros and Rockets Playing Ball — Together
With the announcement of a joint venture between the Houston Astros and the Houston Rockets, Houston sports fans can breathe a sigh of relief that, at least, for the immediate future they will be able to witness live sports on live TV. But a bankruptcy filed in March in Houston remains the center of similar sports storms in cities from New York to San Diego.
Houston Judge Beats the Buzzer on Facing Contempt Proceedings
According to a time-stamped copy of a letter Harris County District Judge Ursula Hall sent to the First Court of Appeals Monday, she avoided by one hour and 44 minutes what the justices had threatened would be the “immediate initiation” of contempt proceedings for her lengthy delay in ruling on two pending motions in a foreclosure dispute. When the court issued a writ of mandamus to Judge Hall Sept. 25, she had failed to rule on a motion for summary judgment for three years, five months and 18 days.