The triangulation of recent successful Caremark claims, the pandemic and the economic downturn potentially increase directors’ liability and exposure and should further motivate directors to strengthen their oversight systems. This article provides guidance for directors post-Marchand.
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Texas Regains Title as the Land of Patent Litigation
New patent infringement complaints filed in Texas doubled during the first six months of 2020 compared to a year earlier. All focus is on the federal court in Waco, which had a 1,127% jump in patent disputes over the same six months in 2018, according to new data provided exclusively to The Texas Lawbook by Androvett Legal Media Research.
Fieldwood Energy Files for Bankruptcy, Again
Houston-based Fieldwood Energy filed for bankruptcy for the second time in two years in SDTX. Fieldwood GC Thomas Lamme turned to Weil Gotshal, Thompson & Knight and Jones Walker as its legal advisors.
NY Judge Dismisses $130M Lawsuit Against Trinity Industries Spinoff
A New York federal judge has dismissed a $130 million brought by an electrical components maker against Dallas-based Arcosa and its Meyer Utility Structures subsidiary in a complex breach of contract dispute. Arcosa CLO Bryan Stevenson and lawyers from the Dallas office of Gibson Dunn scored the big courtroom victory.
Feds: Houston Entrepreneur Used PPP Money for Strippers, Lamborghini, Rolex
A Houston businessman fraudulently obtained $1.6 million from the Paycheck Protection Program on several luxury items, including a 2020 Ford F-350, and a few expensive nights at Houston area strip clubs, according to federal prosecutors in Houston.
CDT Roundup: 7 Deals, 8 Firms, 76 Lawyers, $5.3B
How hard has the coronavirus been on transactional activity from week to week? We decided to check the figures from March through July against the same time period during the two previous years. Here’s what we found.
Answers to Key Workplace Safety Questions in the Age of COVID-19
Months after the COVID-19 pandemic brought business to a screeching halt, companies across the country are eager to reopen and to get back to work. But these employers are facing a completely new set of unknowns when it comes to keeping their employees safe. Kasi Chadwick of Hicks Thomas has the latest guidance.
Stephen Olson Vaults to Gibson Dunn
The UT Law School grad with a New York background and a strong PE client base, previously led the Houston office and Texas transactional practice at Jones Day.
Updated: Another Retailer & National Dental Practice Land in Houston Bankruptcy Court
Less than a day after the company that owns Men’s Wearhouse filed for bankruptcy in the Southern District of Texas, a dental services firm also appeared on the docket in hopes of scraping some tartar off its balance sheet. What do they have in common? A Texas law firm and a bankruptcy judge in Houston federal court.
Record-Breaking SCOTUS Advocate Lisa Blatt Talks Texas
Lisa Blatt has argued more cases before the U.S. Supreme Court than any other woman in history – 40 cases, 37 wins. Born in San Angelo and educated at UT, Blatt embraces the state’s “Don’t Mess with Texas” bravado.