Michael E. Clark, a former assistant U.S. attorney in the Southern District of Texas, has joined Baker Donelson as of counsel.
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Bradley Adds Government Investigations Partner in Dallas
Gene Besen, who was previously at Gray Reed, represents major pharmaceutical companies, hedge funds, health care providers, financial institutions and energy companies and their executives.
Feds Reach Plea Deal with Final Forest Park Defendant
Carli Adele Hempel, the former director of bariatric services at Forest Park Medical Center, has agreed to plead guilty to a single misdemeanor charge of conspiracy to misapply property of a health care benefit program. Mark Curriden has the breaking details.
Only Five Major Texas Companies Join Legal Brief Favoring LGBT Rights
More than 200 American businesses have jointly filed an amicus brief filed Wednesday asking the U.S. Supreme Court to find that workplace discrimination based on sexual orientation and gender identity is illegal. Only seven – including five major corporations – of the 206 companies are based in Texas. All are in the DFW area. None in Houston or Austin. None in the oil and gas industry.
Houston Chronicle: Weatherford files for bankruptcy protection
The oilfield services company reported to the bankruptcy court in Houston that it had as much as $10 billion in liabilities, including $7.5 billion in unsecured bond debt.
DBJ: DFW company files for bankruptcy, aims to eliminate nearly $900M in debt
Monitronics International Inc. said Monday it had filed and that it hoped to emerge from bankruptcy within about 75 days.
Drillinginfo: O&G M&A Rebounded in Q2
M&A in the oil and gas sector reached $65 billion in the second quarter. Even though $57 billion of that was the Occidental purchase of Anadarko, the remaining $7.6 billion was four times the $2 billion logged in the first quarter. The bad news: it’s still far lower than the $19 billion quarterly averages just a few years ago. Claire Poole clarifies.
Baker McKenzie Announces Leadership Changes in Texas
The changes include a new leader of the global firm’s Houston office.
CDT Roundup: 23 Deals, 15 Firms, 154 Lawyers, $8.29B
It’s S-L-O-W out there in the global M&A market. Deal value reached $842 billion in the second quarter. But that’s down 27% from last year. Deal count is the lowest since 2008. Dealmakers have the jitters. And yet…The first half was the third strongest on record. And U.S. dealmaking hit its first $1 trillion half. Claire Poole deciphers these seeming contradictions in her weekly Roundup, and balances out the week that was.
State Bar Discipline: Two Judges, 20 Lawyers
The State Bar of Texas has released its monthly tally of disciplinary actions. This month’s list of actions includes one resignation, 18 suspensions, three public reprimands and one appellate opinion confirming disciplinary action against a state judge accused of groping three women and behaving injudiciously in open court. The full list is in The Texas Lawbook.