The deal adds more than 25,000 royalty acres to Diamondback’s Permian inventory and cuts Viper’s dividend breakeven to under $20 per barrel WTI. Wachtell, Vinson & Elkins and Gibson Dunn advised on the deal.
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Legislature Revives 25% Judicial Pay Hike After Frantic Negotiations
A longstanding statutory link between judicial pay and legislative pensions almost derailed a bill to increase district court judges’ salaries. Last-minute negotiations between the House and Senate led to an agreement to end the link by 2030. (File photo of Texas House Rep. Jeff Leach by Tony Gutierrez/AP)
Litigation Roundup: Intel Gets a Win in $3B VLSI Fight
In this edition of Litigation Roundup, a woman who alleges she was raped by the NBA’s Zion Williamson hires The Lanier Law Firm to pursue her claims in California court and two former high-ranking lawyers in Attorney General Ken Paxton’s office who launched their own firm are named as defendants in a lawsuit brought by a former coworker who alleges she was the victim of sexual harassment.
What Two Former Texas U.S. Attorney’s Office Heads Want Business Leaders to Know About DOJ Corporate Enforcement in 2025
The C-suite crowd seems to be letting out a collective sigh of relief at the dawn of a perceived era of decreased enforcement, while compliance officers worry aloud about their businesses moving resources to other parts of the company and letting up on their carefully cultivated “cultures of compliance.” We read the room differently, and we thought it important to share seven reasons why there has never been a more important time to keep your compliance frameworks in place and, if possible, provide even more resources to them.
Legendary Trial Lawyer H. Lee Godfrey Dies
In an announcement, the firm said he died following a long illness. In 1982, Godfrey joined his friend, Steve Susman, who launched his own firm two years earlier. Together, the pair built Susman Godfrey into a preeminent, commercial litigation boutique with a reputation for taking big cases on a contingency basis.
Fisher Phillips Hires Reed Smith Partner to be Regional Managing Partner in Houston
Fisher Phillips on Monday announced it has hired Reed Smith labor and employment partner Emily Harbison, who will serve as the firm’s regional managing partner in Houston.
Gibson Dunn Partner Launches Solo Dallas Firm to ‘Reengineer Litigation Models for Businesses’
Texas legal history is replete with young hot-shot trial lawyers leaving their big corporate firms to start their own operations — from David Beck, Paul Yetter and John Zavitsanos in Houston to Mike Lynn, Pete Marketos and Clayton Bailey of Dallas. This week, John S. Adams hopes to join this elite group of highly successful trial lawyers-turned-business leaders who have their name on the front door. Friday was Adams’ last day as a partner in the Dallas office of the elite global law firm Gibson, Dunn & Crutcher. Today, he launched his own law litigation boutique, the John S. Adams Law Firm, where he is the only lawyer but plans to add lawyers quickly.
CDT Roundup: Another Week for the $20B Streak, Unusual Deals and a SPAC Twist
The week ending May 31 saw 19 deals reported involving Texas businesses or Texas lawyers. They were valued at $23.4 billion, representing the fourth week in a row reporting transactions valued at a total of $20 billion or more. Last week, we saw 15 deals for $24 billion. And this time last year, there were 12 transactions for $34 billion. And it was a week that was more than usually unusual.
U.S. Trustee and Jackson Walker to Mediate Judge Jones Fee Dispute
Jackson Walker has agreed to attempt to mediate claims brought by federal officials that the Dallas-based law firm should be forced to return millions of dollars it was paid in legal fees from 33 bankruptcy cases in which Jackson Walker lawyers failed to disclose that one of its former partners had a romantic relationship with the Houston judge who was presiding over those cases. The U.S. Bankruptcy Trustee in the Southern District of Texas and lawyers for Jackson Walker filed a joint notice Friday stating that they “intend to participate in an in-person mediation” between June 16 and July 1.
(2020 file photo of David Jones by Brett Coomer/Houston Chronicle via Getty)
TX Chief Justice ‘Urgent Memo’ to Legislature: Texas Judicial Pay is an ‘Embarrassment’ and Pleads for 11th Hour Pay Hike
New Texas Supreme Court Chief Justice Jimmy Blacklock sent a last-minute email on Saturday to members of the state house and senate with the subject line “Urgent Memo”, begging them to hike the compensation of judges, which currently ranks 49th in the U.S. — only West Virginia pays its judges less.