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.”
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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.
Texas Stands Apart — And That’s Not a Good Thing: ‘Concurrent Causation’ in Texas Coverage Litigation
Texas prides itself on its rugged, independent spirit. Often, that’s a good thing. However, there is an aspect of insurance law in which Texas stands gloomily distant from the other 49 states. They are united, and Texas is a stuck-in-the-mud outlier rather than a paragon in its isolation. Ironically, it’s an area in which the Texas jurisprudence is distinctly detrimental to Texas businesses.
Jurors Have Case Against FW Pharma Boss
Deliberations, which began Wednesday afternoon, are to continue Thursday morning in the federal fraud trial. The defendant, Richard Hall, is accused of running a bogus-prescription scam that cost U.S. taxpayers $55 million.
Schlumberger Cleared in Female Field Engineer’s Harassment, Retaliation Suit
The jury of five women and three men heard six days of testimony before beginning deliberations around 1 p.m. Wednesday. About three hours later they determined Schlumberger had not discriminated against Jessica Cheatham based on her sex, had not subjected her to a hostile work environment, had not retaliated against her and had not constructively discharged its former field engineer.
DOJ Guidance May Put Executives at Risk — WhatsApp with That?
This article highlights U.S. Department of Justice guidelines regarding employee conversations on encrypted chat applications such as WhatsApp and offers guidance for companies to mitigate risk.