There were few surprises in the races for district judge seats in the state’s biggest counties, where Democrats have steadily made inroads in recent years. Three judges who were recently appointed to their seats by Gov. Greg Abbott were soundly rejected by voters.
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Arbitration Ruling Has FanDuel, Fox Claiming Victory
Both sides touted the ruling as a win in press releases and statements to reporters. The Nov. 4 ruling means it will cost Fox at least $4.1 billion to exercise its option to purchase an 18.6 percent stake in the online sports betting company.
Republicans and Democrats Score Texas Appellate Court Victories
The three Republican incumbent justices on the Texas Supreme Court easily won re-election Tuesday, but the district courts of appeals seem to have provided mixed results for the two political parties. Republican candidates for the Houston courts of appeals appear to be cruising to victory, as do Democratic appellate candidates in Dallas and Austin. The voters in San Antonio split their votes. And incumbent Texas Supreme Court Justice Rebeca Huddle received more votes than any other candidate statewide.
Winston Counsels Chart Industries on $4.4B Acquisition of Howden
The two major producers of industrial equipment say the merger will allow both the scale and profitability to support their strategic orientation toward decarbonization and other clean alternative energy processes. Claire Poole reports.
Q&A with Newly-Appointed Pro Bono, Public Service and Diversity Reporter Natalie Posgate
Natalie shares why she wanted to take on the new beat, how the public service bucket is different from pro bono and issues of particular importance to her.
CDT Roundup: 25 Deals, 16 Firms, 509 Lawyers, $19B
Is the M&A market becoming a competition between “haves” and “have nots?” Maybe so, according to a recently released survey of nationwide dealmakers conducted by Dykema. Nearly two-thirds of respondents expect the U.S. M&A market to improve in the coming year. But for whom? Where companies with record amounts of cash on hand see opportunity, those who operate as borrowers see obstacles. The Roundup has more on the Dykema report, along with more than 500 names of mostly-Texas lawyers who worked on 25 deals reported last week to the Corporate Deal Tracker. It was, in that way, a record-breaking week.
Litigation Roundup: VLSI, Intel Face Off in Another Jury Trial, Waco JP Can’t Shake Sanction, Baker Botts Draws Malpractice Suit
In this edition of Litigation Roundup, Texas reaches a tentative settlement with Colorado and New Mexico in a nearly decade-old lawsuit over use of the Lower Rio Grande River’s resources, two major tobacco companies say Texas owes them about $8.6 million in taxes paid under protest, and another trial between VLSI and Intel kicks off.
Gibson Dunn, Winston & Strawn Add Houston Deal Lawyers
Gibson Dunn gained a former Blackstone lawyer and Winston & Strawn picked up a former energy executive.
Energy Policy Remains on the Ballot
Whatever the outcome of Tuesday’s mid-term election, the results will likely have great influence over U.S. energy policies in years to come. The various directions of those policies were discussed in a webinar involving partners at Akin Gump. Nushin Huq has their observations on the possibilities.
Talen Energy Bankruptcy Inches Toward Resolution
Lawyers for Talen Energy and its creditors say they are “powering forward” toward a Dec. 15 confirmation hearing that will begin The Woodlands-based company’s exit from bankruptcy. Talen and most of its creditors have until the end of business on Dec. 6 to obtain votes of approval of the proposed plan from claim holders that would eliminate $1.4 billion and make the bondholders owners of the business. Opponents of the plan must file objections that same day, Dec. 6.