Two Texas law firms are one step closer to obtaining what they say are long-overdue reforms to the state’s foster care system after a ruling issued Monday by the Fifth Circuit. Natalie Posgate has the details on the ruling and the 411 on the Texas lawyers involved and how they got on the case.
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CDT Roundup: 7 Deals, 9 Firms, 85 Lawyers, $2.5B
Almost 4,000 PE funds are now competing in a congested market for money-raising and PE-backed buyouts are down in number and value for the second quarter, according to Preqin. In her weekly roundup, Claire Poole has the major deals last week involving Texas lawyers and stats that describe an increasingly circumspect market for M&A.
Magnolia Houston Announces Completion of Major Hotel Renovation Project
The Tribute Portfolio Hotel has made enhancements to all meeting & event spaces, rooms and public spaces. The revival of the Magnolia Houston pays homage to its roots as the former Post Dispatch building and rich history as an iconic Houston building.
Dallas Public Finance Pros Join Bracewell
Bill Mahomes and Steve Bolden count DFW Airport, NTTA and the City of Dallas as clients.
Baker Donelson Signs Ex-Federal Prosecutor in Houston
Michael E. Clark, a former assistant U.S. attorney in the Southern District of Texas, has joined Baker Donelson as of counsel.
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.