In a cease-and-desist order, state regulators bar BigWhale.io and two individuals based in the United Arab Emirates from offering unregistered, deceptive securities to Texans.
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Metropolis Technologies Buys SP Plus for $1.5B
Skadden’s Eric Otness co-led the team advising the Chicago-based target, which manages 2 million parking spaces, and Sidley’s Bill Howell counseled the buyer’s investor Eldridge.
The Evolving Role of ESG in M&A: Balancing Risks and Opportunities
Environmental, social and governance considerations play an increasingly important role in M&A transactions. In any given deal, however, it can be challenging to qualitatively and quantitatively assess relevant ESG factors, perform appropriate levels of ESG due diligence and plan for appropriate remedial steps or capture ESG opportunities post-closing. M&A acquirers should seek experienced guidance on these considerations to enhance value, mitigate risks and better incorporate financial and non-financial measures into their deal evaluations.
WTF Does ESG Really Mean for M&A?
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.
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.