It looks like the 2019 session of the Texas Legislature will likely enact a variety of changes to the state’s business entity laws. Texas lawyers can find out what these changes could mean at the 17th Annual “Choice, Governance & Acquisition of Entities” course to be held on May 24, in Dallas at the Park Cities Hilton.
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Fort Worth Jury Awards Local Telecom Co. Millions in Trade Secret Battle
A Tarrant County jury determined Monday that Plano-based CommTech Sales unlawfully used Fort Worth telecom company XIP LLC’s trademarks and trade secrets and awarded damages that could total $31 million.
T&K Associate Jasmine Wynton Elected to Texas Supreme Court Historical Society Board
Wynton is based in Dallas and practices in the firm’s trial group.
Houston Chronicle: Hurricane Harvey Flooding Victims Get their Day in Federal Court
Residents and business owners whose properties upstream of the Barker and Addicks reservoirs were flooded after Hurricane Harvey argued in Houston federal court Monday that authorities knew for decades that the lakes would likely not be contained during a major flooding event and did nothing to prevent it, resulting in property damage for which they should now be compensated.
Josh Bammel of Kratos: Busy, Busy, Busy
Dallas investment banker Josh Bammel left Generational Equity in 2007 to form Kratos Capital. He hasn’t looked back. Specializing in transactions between $20 million and $75 million, Bammel just closed his 121st deal. He shares his perspectives on the business with Claire Poole.
Judge Dismisses Gensetix’s Latest Suit on TCPA Grounds
A Texas state judge has dismissed with prejudice a lawsuit that claimed a cancer researcher conspired with Baylor College of Medicine and a research firm, Diakanos Research Ltd., to interfere with licenses the plaintiff held with the University of Texas MD Anderson Cancer Center.
CDT Roundup: 10 Deals, 6 Law Firms, 32 Texas Lawyers, $7B
Venture capital is on a tear. Valuations remain at record levels, outlier IPOs seem likely to boost exit values and fundraising should accelerate. So why are PE investments in energy nothing to cheer about? Claire Poole explains in her weekly roundup of Texas deals.
DBJ: Dallas Developer Prevails in Power Struggle at Possum Kingdom Lake Resort
The Dallas developer of an upscale golfing community on the shores of Possum Kingdom Lake was cleared Friday of wrongdoing and won’t have to pay millions of dollars in damages to resort property owners who claimed they were harmed by a slew of alleged misdeeds spread over 20-plus years. Bill Hethcock of the DBJ has been following the saga.
Fifth Circuit Tosses Bulk of $21M Latitude Solutions Judgment
A three-judge panel at the U.S. Court of Appeals for the Fifth Circuit has tossed all but $400,000 of a $21 million judgment against key players in the now-bankrupt Fort Worth-based company, Latitude Solutions Incorporated, which included Paul Mitchell and The Patrón Spirits Company co-founder John Paul DeJoria.
The court said trial evidence was insufficient to support the bankruptcy trustee’s contention of a “pump and dump” stock scheme. Natalie Posgate has more.
Fluor Promotes CLO Carlos Hernandez to Interim CEO
Fluor Corp’s long-time chief legal officer Carlos Hernandez is now the company’s interim CEO. While Fluor has not announced who will replace Hernandez as CLO, it lists two lawyers , Dawn Stout and Kevin Hammonds, as holding the general counsel title. This article looks back at Hernandez’ extraordinary life and career.