The Simpson team was co-led by partner Christopher May in Houston. KKR already served as Global Atlantic’s asset manager for the last three years, offering access to its global investment and origination capabilities for the benefit of GA’s policyholders.
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SCOTX Ponders if ‘Wrongful Pregnancy’ is Gift from God or Grounds for Damages
The Texas Supreme Court heard oral arguments Tuesday morning in a lawsuit where mother of four Grissel Velasco is suing Dr. Michiel R. Noe for both his failure to perform a sterilization procedure she requested and his failure to inform her the procedure had not been done. Velasco is seeking pain and mental anguish damages for the so-called wrongful pregnancy that came about 15 months after she thought she had been sterilized.
Law Schools Could House New Business Courts
Tasked with implementing new laws creating a business court system for complex, expensive litigation, the Texas Supreme Court is gauging whether the state’s law schools might want to provide courtroom space. With 10 new trial courts and an intermediate appellate court coming online next September, Chief Justice Nathan Hecht discusses logistics and substantive issues the court is considering during its rulemaking process. Meanwhile, the chief justices for the 14 courts of appeals are identifying cases involving state government for likely transfer to the new Fifteenth COA, which will have exclusive jurisdiction over those cases and appeals from the business courts.
CDT Roundup: 9 Deals, 9 Firms, 131 Lawyers, $4.8B
BlackRock is a dirty name, at least among some Texas legislators, for its vigorous investments in energy transition. But it is also the world’s largest asset manager with $9.42 trillion under management. This week’s CDT Roundup looks at BlackRock and the law firms whose Texas offices often count BlackRock as a client. That, along with the Texas lawyers and firms behind the nine deals reported during the holiday-shortened week.
White & Case Has ‘Vastly Exceeded Expectations’ in Texas
In February 2018, the global law firm White & Case opened its Houston office with four lawyers, no associates, no support staff and sublet space in Two Allen Center. The goal, firm leaders announced at the time, was to grow the office to 50 attorneys. Nearly six years later, White & Case now has more than 100 attorneys in its Houston office and occupies three floors in 609 Main Street. The firm has seen revenues double over two years and expects even more growth ahead.
Litigation Roundup: Pharma Cos Draw Texas Fraud Suit, Small Refineries Beat EPA at Fifth Circuit
In this edition of Litigation Roundup, the U.S. Court of Appeals for the Fifth Circuit sides 2-1 with a group of small refineries challenging an EPA decision to deny their requested exemptions from certain obligations under the Clean Air Act, the founder of SAExploration reaches a settlement with the SEC in a $100 million fraud case and private equity firm Welsh, Carson, Anderson & Stowe XI moves to toss an FTC monopoly suit lodged against it.
M&A/CapM Partner Leaves Sidley for Locke Lord
Houston deal lawyer Jon Daly has counseled a range of clients so far this year, including Intrepid Partners, Blue Ocean Acquisition Corp. and Sunoco on M&A and Western Midstream Partners and JP Morgan on capital markets.
Federal Jury in Dallas Awards $210M in Software Trade Secrets Trial
After hearing six days of testimony, a jury in the Northern District of Texas unanimously sided with Computer Sciences Corporation and found the company was entitled to $70 million in actual damages for Tata Consultancy Services’ misappropriation of its proprietary source code and $140 million in exemplary damages because the misappropriation was willful and malicious.
P.S. — Pro Bono Turkeys and Fixings
A short and sweet P.S. this week highlights two Thanksgiving-themed public service efforts led by Winston & Strawn, a name partner at Lynn Pinker Hurst & Schwegmann and the Dallas Volunteer Attorney Program. Plus: a movie recommendation.
Biz Community Tells SCOTX Abortion Ban Has Cost Texas $14.5B
An amici army 40 strong, led by dating app Bumble Inc. and joined by Match Group, SXSW, Amalgamated Bank, Central Presbyterian Church, a handful of boutique law firms, doctors and hospitality companies, filed their brief with the Texas Supreme Court Monday, about a week before the court is slated to hear oral arguments in Texas v. Zurawski. But the business community is far from the only voice trying to persuade the Texas Supreme Court. A group of 20 states filed an amicus brief, as did a group of 90 Texas legislators and a handful of national women’s rights organizations.