Neiman Marcus countered a $1 billion fraudulent transfer lawsuit filed by one of its debtholders, charging that the suit is part of an illegal scheme for the debtholder to injure the Dallas-based luxury retailer and “extract improper benefits for itself.” The Lawbook’s Natalie Posgate details the new litigation.
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Patent Suit Against Baylor Rejected After UT Refused to Join as Plaintiff
Baylor College of Medicine and the inventor of a cancer immunotherapy won, in effect, dismissal of a patent-infringement suit when a federal judge ruled that Baylor rival, the University of Texas, had a sovereign right to refuse to participate as a plaintiff. The loser: the company that tried to drag UT into the litigation. Natalie Posgate explains.
Foley Gardere Adds Dallas Real Estate Transactions Partner Clifton Dugas
Dugas, who lateraled over from Polsinelli, says there is “tremendous opportunity” within Foley Gardere’s real estate practice group.
Will the 2018 Judicial Elections Breathe New Life into Factual Sufficiency Review?
Newly-elected judges on the Texas courts of appeals may soon revisit a firmly rooted – albeit faded – distinction between factual and legal sufficiency as they grapples with their differences with pro-business justices on the Texas Supreme Court. Specifically, courts of appeals may be able to limit state Supreme Court review by deciding cases based on factual sufficiency of the evidence. The Texas Lawbook has details.
TX Supremes Weigh Reliance on Contracts v. Texas Law
Mercedes-Benz is asking the Texas Supreme Court to declare that signed written contracts are sacrosanct and override all extra-contractual statements, even if those extra-contractual promises amount to felony fraud, directly contradict Legislative policy and cause severe financial harm to a Texas business. The Texas Lawbook has details.
Mid-Market YTD 2018: Law Firms
Middle market M&A has been eroding across the nation, and even in the otherwise thriving Texas market Texas-headquartered firms will likely finish 2018 with less than 200 mid-range transactions for the first time since the Great Recession. Click here for an expanded chart of how law firms stack up by deal count in the mid-market so far this year.
Dallas-based NuVinAir Adds Kathryn Shilling to Leadership Team as GC
Shilling was previously the owner of Shilling Law Group, where she represented local businesses in mergers and acquisitions, real-estate transactions, business disputes, employment matters, and insurance coverage.
Akerman Mints Two Partners in Texas
The firm promoted 21 new partners firmwide across 10 offices.
Husch Blackwell Moving into New Dallas Digs
The Kansas City-based firm, which has more than 40 attorneys in Dallas, will relocate from the Trammell Crow Center.
Locke Lord Partner Ann Ryan Robertson Elected President of the Chartered Institute of Arbitrators
Robertson, who is based in Houston, is the first American woman – and just the second American – to be selected for the top post in the CIArb’s 104-year history.