A South Central Texas wagyu beef company filed for bankruptcy Monday in the Southern District of Texas after getting hit a year ago with a $30 million breach of contract and fraud verdict. Flatonia-based HeartBrand Holdings and its subsidiary American Akaushi Association filed for Chapter 11 citing liabilities between $10 million and $50 million and assets between $50 million and $100 million.
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Sources: Veteran Prosecutor Front-Runner for EDTX U.S. Attorney
Damien Diggs would be the first African American to serve as top federal prosecutor in the 43-county district, which encompasses Plano, Tyler, Sherman, Marshall, Texarkana, Lufkin and Beaumont.
Ex-CEO In $2B Tax Fraud Case In Hospice Care Judge Told
During a hearing Wednesday morning before U.S. District Judge George C. Hanks Jr. in Houston, Brockman’s attorney told the court her client is not doing well. Brockman, who has dementia, is facing a criminal trial in which the government alleges he concealed about $2 billion in income.
Only Four Texas Corporations Sign Pro-Diversity Briefs in College Admissions Case
The four companies are supporting Harvard University and the University of North Carolina, which have been sued by Students for Fair Admissions, an organization that claims that Asian Americans are being discriminated against when colleges consider race or ethnicity as a factor in admitting students.
K/G’s Ryan Gravelle: “We’re a startup; we just sell legal widgets.”
Kastner Gravelle founding partner Ryan Gravelle wasn’t always a tech lawyer, but he says he got there as fast as he could. In this Q&A, the Austin corporate lawyer talks about the climate for startup funding and M&A for tech companies, competitors that have moved to Austin and how a potential recession will affect Austin’s tech community.
CDT: 2022 Capital Markets Transactions
Below is a list of qualified capital markets transactions reported to The Texas Lawbook for 2022. The list is organic, designed to grow as deals are reported. So if you
Texas Panel Tosses Al Hill III’s Suit Against Prominent Dallas Litigators
The First Court of Appeals on Tuesday issued an opinion affirming a trial court’s dismissal of malicious prosecution and derivative claims against Lisa Blue, Stephen Malouf, Charla Aldous, Mike Lynn and Jeff Tillotson. It wasn’t clear Tuesday whether Hill III would take the long-running fight to the Texas Supreme Court.
CDT Roundup: 8 Deals, 9 Firms, 78 Lawyers, $6.9B
There are two energy deals this week — the week’s two largest deals, in fact — that are both more, and less, than they seem. While on the surface they involve the mergers of large energy corporations, they are simply simplifications of two large corporate structures. What’s going on here? The Corporate Deal Tracker Roundup has the details, as well as the names of all of the Texas lawyers behind this week’s deals.
Litigation Roundup: Private Planes, Insurance Claims, Patent Suits Against Big Names
A lender that recently emerged from bankruptcy sues its insurance company. An out-of-state bank defeats a Dallas-based homebuilder in a dispute over an airplane. Patent infringement litigation begins against two giants in the smartphone and beverage industries. This week’s Litigation Roundup details it all.
Abortion, Texas Republicans and the Slaughterhouse Cases: A Collision Ahead
Despite the recent threats of conservative lawmakers to impose civil and criminal penalties on Texas residents seeking an abortion in another state, the privileges-or-immunities clause and the dormant commerce clause can protect interstate travel for those parties. But will they given the current makeup of the federal courts?