A Harris County jury recently determined that Matthew Smith, former general counsel to Microvast, had breached his fiduciary duty to his client, and owed it the cost of a laptop computer it purchased for him. The jurors rejected Smith’s argument that he was entitled to $3.4 million based on an oral agreement for stock options.
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Texas Supreme Court Term Preview: Key Business Cases
Business cases involving noneconomic damages, force majeure, TCPA, arbitration, class actions, oil and gas, insurance and ERCOT are on the docket at the Texas Supreme Court this term.
What this Summer’s Blockbusters Can Teach Us About LinkedIn
Is your LinkedIn profile in need of a summer reboot? Award-winning business development and marketing professionals from Dykema share best practices inspired by the summer’s blockbuster movies.
Bankruptcy Judge ‘Conditionally Approves’ Brazos Disclosure Agreement After Intense Hearing
Over the objection of a single power generator and distributor, U.S. Bankruptcy Chief Judge David Jones of Houston gave “conditional approval” of a multibillion-dollar preliminary settlement agreement – aka a “disclosure statement” – in the Brazos Electric Power Cooperative bankruptcy case. The 74-minute hearing was intense at times because of an exchange with a lawyer for South Texas Electric Coop, but Judge Jones said Brazos’ “very complicated” 172-page proposed agreement “strikes a very nice balance.”
Key Items for Associates to Consider in a Public M&A Transaction
This article goes behind the scenes of a merger earlier this year involving a Richardson-based digital signage company from the vantage point of an associate.
Starr Remembered by Lanier as ‘Kind,’ ‘Smart Beyond Measure,’ and ‘Not Perfect’
Mark Lanier, who hired Ken Starr to join his law firm in 2018, recalled helping his mentor navigate his departure from Baylor amid a scandal, Starr’s role as ‘principal architect’ of the firm’s appellate strategy in the $2.5 billion Johnson & Johnson talc powder case and other memories from their nearly 40-year relationship.
Texas Panel Trims Vitol Americas’ Win by $10.5M, Leaves $129M Intact
On appeal, Targa Channelview argued the award rested on a faulty interpretation of the contract between the parties related to a crude oil storage and processing facility. Both Vitol and Targa had an impressive list of legal leaders representing the companies on appeal.
Dallas Public Finance Pro Lands at Locke Lord
Steve Bolden, whose clients have included DFW Airport, the North Texas Tollway Authority, the Texas Water Development Board and the City of Dallas, was most recently at Bracewell.
Q&A with GI Alliance CLO Cheryl Camin Murray
Cheryl Camin Murray and her legal team at DFW-based GI Alliance helped steer the nation’s largest gastroenterology practice through a physician-led buyout in August that valued the company at $2.2 billion. The deal happened a little over a year after Murray, a mother of triplets who built a thriving healthcare practice over more than two decades in private practice, joined GI Alliance as its chief legal officer.
The Texas Lawbook caught up with Murray about the Apollo-backed financing and her move in-house.
CDT Roundup: 15 Deals, 10 Firms, 126 Lawyers, $20B
Climate change pressures on utilities and their resources may have long-term significance for investors; but they also represent shorter-term opportunities, even in a complicated investment environment. For example, there were four major upstream/midstream energy deals last week — including the three largest transactions — that accounted for more than $15 billion and were led by Texas-based lawyers. Claire Poole has the rationale for near-term optimism, along with the Roundup’s usual review of all of last week’s reported transactions.