According to a recent report by PitchBook, private equity deals are a mixed bag of late: deal count up a wisp from Q1; deal value down double-digits. Is that terrible? Maybe not. The Roundup looked at the numbers from PitchBook and there are a few surprises and maybe a little perspective; that, along with the usual run-down of the week’s M&A deals.
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Foley’s Austin Office is Hub for Firm’s Government, AG Practices
Ed Burbach, a former top deputy in the Texas attorney general’s office, has assumed a national leadership role in the firm’s government practice groups. He is determined to grow the practices, saying that clients are thinking about state and federal regulatory issues and their lawyers should be, too. Burbach represents clients targeted by state attorneys general and the Federal Trade Commission. He also has managed the Austin office since the December death of longtime leader Kim Yelkin.
In Netflix’s Lincoln Lawyer, Law is a Source of Fun – and Storytelling Style
Created by David E. Kelley, adapted from the Michael Connelly novels, The Lincoln Lawyer series piles up legal and ethical dilemmas in the service of drama and suspense. The key ingredient: Manuel Garcia-Rulfo’s Mickey Haller, a Los Angeles defense attorney who stays likable even when he seems to slither as much as he strolls. Texas entertainment and arts critic Chris Vognar provides a peek into Season 2, which resumes Aug. 3.
Litigation Roundup: Convictions Upheld for UDF Execs, Texas Sued Over Book Law
In this edition of Litigation Roundup, a federal judge in Texas determines an insurer does not have to cover policyholders accused of stealing $80 million in Bitcoin through a malware attack, the operators of a pyramid scheme agree to pay Texas $10.76 million and the state draws a lawsuit from booksellers over a new regulation.
SEC Charges Crypto Network/Internet Marketing CEO with Securities Fraud
Lawyers in the Fort Worth Office of the U.S. Securities and Exchange Commission have charged an internet marketing guru turned cryptocurrency network founder with securities fraud and using $12.1 million of investor funds to buy a Ferrari Roma sports car, a Rolex Daytona Eye of the Tiger watch and a 555-carat black diamond called “The Enigma.”
Revitalized and Revamped, Energy Still Rules in Texas
Whether upstream or midstream or energy services, the energy sector seems to have adapted to realities of the marketplace to hold its place at the top of the M&A food chain.
V&E Advises on $7.3B Biogen Acquisition of Reata Pharmaceuticals
Plano-based Reata specializes in the treatment of neurological complications with cellular metabolism and inflammation associated with neurological diseases. The all-cash transaction is being treated as a combination and is expected to close in the fourth quarter of this year.
P.S. — Standouts in Pro Bono, DEI; August Legal Clinics
This week’s edition of P.S. highlights three awards received by law firms, individuals and bar associations for their commitment to diversity and pro bono legal services, as well as upcoming August dates for pro bono legal clinics in Dallas.
Pharma Boss Guilty on 5 of 6 Charges in $55M Fraud Trial
The jury cleared Richard Hall of conspiring to defraud the government but convicted him on charges of paying kickbacks and conspiring to launder money. Hall, the former owner of Rxpress Pharmacy and Xpress Compounding, faces decades in prison.
Man Left Quadriplegic After Low-Speed Crash with Postal Truck Gets $26.5M
In the nine months attorney Kyle Pugh worked on the case, he took 20 depositions, hired numerous experts and prepared to simultaneously prove the government was responsible for his client’s injuries and that the orthopedic surgeon who treated Michael Le was not.