Famed ice cream maker Ben & Jerry’s sued Conopco, a subsidiary of parent company Unilever, in Manhattan federal court Tuesday morning alleging a deal Unilever struck regarding sale of the company’s ice cream in the West Bank violates their 2000 merger agreement. The lawsuit, filed by AZA, presents a conflict between the prerogative of Ben & Jerry’s independent board to make decisions about its social missions and its parent company’s authority over finances and operations.
More Stories
Brazos Electric Co-op Nears Deal in Bankruptcy
Brazos Electric Power Cooperative has reached an agreement in principle with most of its creditors that could result in the Waco-based power supplier exiting bankruptcy by fall. The agreement, which has the support of ERCOT and power generators such as Calpine, calls for Brazos to sell some assets, provides concessions from the power generators and allows Brazos to exit bankruptcy with its co-op structure. But there are still major hurdles ahead.
New Fortress, Apollo Join in $2B LNG Venture
The platform will be 80 percent owned by the private equity giant and 20 percent owned by the company, freeing up capital that can be used elsewhere.
CDT Roundup: 18 Deals, 13 Firms, 152 Lawyers, $8.6B
Vinson & Elkins is rocking what seems like a deal a day these days; sometimes two. Of late, Houston partner Steve Gill has been carrying the V&E banner for what sometimes seems like a firm cast of thousands. This week’s CDT Roundup spotlights a couple of his recent transactions, along with the other Texas lawyers who reported more than $8 billion in deals last week.
In a Texas Capital Case, the Supreme Court’s Denial of Cert Bewilders the Appellate Defenders Who Pursued It
The high court’s decision in the long-running Terence Andrus v. Texas capital-murder case was a surprise for Andrus’s lawyers who worked hard to convince courts that Andrus was beset by egregious ineffective assistance of counsel at his earliest trials.
McDermott Opens in Austin
Chicago firm McDermott, Will & Emery has opened an Austin office with the hiring of eight intellectual property partners from Baker Botts. It’s the firm’s third office in Texas and 22nd worldwide.
CDT Roundup: 15 Deals, 13 Firms, 146 Lawyers, $6.1B
Two Texas buddies from high school and college have made millions together in the oil & gas business under the name Double Eagle. In fact, they’re still making deals. The CDT Roundup details their latest venture, as well as the deals reported by Texas lawyers last week.
Litigation Roundup: Pizza Hut Franchise Win, Charter Punis Phase Delayed, More Social Media Addiction
A juror gets Covid, delaying the punitive damages phase of a wrongful death trial that has already rendered a $375 million actual damages verdict. A denied PPP loan turns into litigation. Alleged gossip at a La Madeleine results in a pro se lawsuit. Elon Musk gets sued again. And more.
SCOTX Inks a Bummer for Hempsters
The Texas Supreme Court determines hemp dealers have no constitutional right to manufacture hemp to smoke.
High-Speed Rail Gets SCOTX Approval in Eminent-Domain Challenge
The Texas Supreme Court held that the two companies seeking to take private property for the controversial Dallas-to-Houston high-speed rail have a statutory right to exercise eminent domain to take right-of-way for the 240-mile rail line.