It’s hard to say where the current capital markets would be without special purpose acquisition corporations. But it’s not hard at all to say that they are becoming more and more important. The CDT Roundup explores.
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Mergermarket Q3 Law Firm Deal Value Leaders: Alston & Bird, White & Case and Simpson Thacher
Nearly all the firms handling the largest M&A deals in Texas are based outside of the state. Nearly a half of them have no office in Texas. And only three of the top 40 are headquartered in Dallas or Houston. The deal value rankings can be highly misleading, and all legal analysts agree it is an inferior measure to deal count rankings. Even so, it is a fun number to discuss. So, we do.
UPDATED: Houston Appellate Races Tighten Between Red & Blue (Again); Dems Sweep Dallas COA Races
The four races for seats on Houston’s First and Fourteenth courts of appeals are incredibly close. Three incumbent Republican justices are leading their opponents by 1%, while one Democratic candidate is ahead of the GOP incumbent justice by 1%. By contrast, three Democratic district court judges are leading the incumbent Republican justices on the Dallas Court of Appeals by significant margins. Natalie Posgate has the details.
Republican Jim Wright Defeats Dallas Lawyer Chrysta Castañeda for RRC Seat
No Democrat has won a seat on the industry-friendly Railroad Commission since 1990.
Democrats Hold Grip on Dallas, Harris County District Courts
With results still trickling in, Democrats seemed certain to maintain their lock on the civil District Court benches in the state’s two most populous counties.
TX Supreme Court Stays Solidly All Republican
At a time when political analysts say Texas is trending blue, the state’s voters overwhelmingly decided to keep the Texas Supreme Court totally Republican. With 90% of the counties reporting, all four incumbent state Supreme Court justices cruised to re-election Tuesday. In fact, all four justices won their races by larger vote margins than did their colleagues in 2018. The Texas Lawbook has the details.
Texas Judicial Election Results
The Texas Lawbook has five journalists tonight – election night – covering the judicial appellate and trial court races and will provide details as the election results are provided.
McKinney Investor Pleads Guilty to $13M Securities Fraud
North Texas venture capitalist Patrick O. Howard pleaded guilty Tuesday via video teleconference to running a Ponzi-type scheme and committing federal securities fraud in 2015, 2016 and 2017. The Texas Lawbook has details.
Pacific Drilling Files for Bankruptcy
Texas lawyers from Latham & Watkins and Jones Walker are advising the company.
State Bar Discipline: 8 Judicial Actions, 1 Disbarment, 5 Suspensions, 1 Public Reprimand
The State Bar of Texas released its monthly compendium of disciplinary actions Monday. The reprimands of eight judges include: one who revoked a probation without a proper hearing; one who withheld court records from a disabled defendant; a judge who publicly called out a victim of domestic violence; another who brandished a gun during a private argument on a public street and a judge in East Texas who attempted to recruit state law enforcement to harass construction at a solar farm next to her family’s property.