Insurance. It touches everything you do as a lawyer and suffuses the entire scope of human endeavor. Think for a moment how crucial insurance, in general, and the claim process, in particular, is to the smooth functioning of every Texas business. This article considers the insurance industry’s influence in fostering a flourishing commercial environment in Texas.
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Receiver’s Request for Criminal Defense Lawyer’s File Draws NACDL, TCDLA Challenge
The subpoenaed criminal defense attorney, former federal prosecutor Richard Kuniansky, told The Lawbook the request from receiver Levi Benton, a former Harris County civil district judge, was “crazy,” and said if Benton is allowed access to the entire file it would have ramifications well beyond this case. The client, Ataa Shadi, was sued in civil court by duped investors who got a $3 million default judgment against him in 2020. He was indicted on related criminal fraud charges in May.
SCOTX to Decide if Thousands of Plaintiffs Can Sue Their Former Fen-Phen Lawyer
Houston lawyer George Fleming says Texas law should bring an end to the claims of thousands of his former clients by analyzing “privity,” or the existence of a legally binding relationship between them, under standards articulated both in the U.S. Supreme Court’s Taylor v. Sturgell and Section 40 of the Restatement of Judgments. SCOTX justices heard arguments Tuesday and had plenty of questions.
‘Think Like an In-House Lawyer’
Porter Hedges founder Bill Porter must have seen something special when he recruited Vanderbilt University second-year law student Joyce Soliman in 1996. Twenty-seven years later, the Houston-based, 125-attorney, full-service law firm has named Soliman, a corporate finance lawyer and the past chair of the Asian American Bar Association’s board of trustees, as its new co-managing partner.
CDT Roundup: 16 Deals, 13 Firms, 165 Lawyers, $6.8B
This week’s transactions include two take-private deals. According to studies by Bloomberg and White & Case, turmoil across the equity capital markets is making such deals attractive, with more companies being taken private so far this year than traditional public offerings. In the 18 months from January 2022 through June 2023, there were 47 P2P transactions in the U.S. versus 39 IPOs. And the P2P pace for 2023 may be even quicker. Claire Poole has the specifics, along with the usual roundup of deals and dealmakers for the week.
Litigation Roundup: Ernst & Young Beats Fraud Claims, Sandy Hook Families Prevail in Alex Jones Bankruptcy
In this edition of Litigation Roundup, a massage company pays $1 million to end the sex assault claims lodged by two female customers, a lawsuit between the parent company of Ace Cash Express and a former business partner seeks as much as nine-figure damages, and American Airlines wins an appeal in a discrimination lawsuit venue fight.
Texas Attorneys for Chevron Co-Lead on $60B Acquisition of Hess
A pair of in-house attorneys for Chevron in Texas is co-leading on the company’s purchase of New York-based Hess Corp. for $60 billion, including debt. Paul Weiss is serving as outside counsel to Chevron, while Wachtell Lipton advised Hess.
Bill Munck’s Silver Jubilee: ‘Finding Larry and Mike’
When Bill Munck started his law firm in 1998, he made three decisions that proved critical for success. The firm would be technology-focused. It would be based in DFW. And the partners he chose to join him would be make or break. During the past 25 years, Munck Wilson Mandala has jumped from six to 94 lawyers, has expanded to eight offices, has increased firm revenues and revenue per lawyer each year and developed a national reputation as a leading technology firm. Munck, Wilson, Mandala and several more deserve the credit.
Big Day for the Ho Family at SCOTUS
Allyson Ho called her husband, Fifth Circuit Judge James Ho, with exciting news: She’ll get to argue before the U.S. Supreme Court, her fifth time before the high court. He looked up the case and discovered SCOTUS was also taking on a case he’d drawn attention to.
Jury Says No Breach, No Bad Faith, No $30M
A Harris County jury recently heard three weeks of evidence in a breach of contract and bad faith lawsuit stemming from the $90 million sale of a business that rents pumps used in the oil and gas industry. Jurors had to answer two questions: Did GR Energy Services breach a noncompete agreement by communicating with SpaceX about the possible purchase of pumps after it sold its Flex Flow pump business? And did Odessa Pumps act in bad faith in managing Flex Flow after the purchase from GR to keep profits artificially low in order to avoid paying GR a $30 million earnout? No, and no, the jury said.