BP’s sale of its long-owned Alaska assets to Houston billionaire Jeffery Hildebrand will help it achieve its $10 billion divestment target and advance its strategic agenda.
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CDT Roundup: 16 Deals, 14 Firms, 82 Lawyers, $10B
Oil and gas dealmaking expo NAPE saw fewer attendees last week, which many observers attribute to low commodity prices – and deal flow – that are hurting the industry. Claire Poole reports on that and what Texas deal lawyers have been working on.
The Weakest Links – Vendors in the Spotlight, Again
The recently reported American Medical Collection Agency data breach should remind businesses of the headaches they could face in the event of a cyber attack on a third-party vendor. Michael Titens of Thompson & Knight highlights the issues raised by such breaches and recommend steps businesses should take to protect themselves.
Abbott Appoints Jane Bland to Texas Supreme Court
Former Houston judge and appellate law expert Jane Bland will soon have her third job in nine months: Justice on the Texas Supreme Court. Gov. Abbott announced Monday that he intends to appoint Bland, who is now a partner at V&E in Houston, to the state’s highest court.
Dallas Mayor Moves Law Practice to Locke Lord
Eric Johnson has maintained his public finance law practice over the last decade of his public service.
Skadden Signs Houston Litigator
Kenneth Held, who started his career at an elite New York law firm, has lateraled from Thompson & Knight to Skadden.
Feds Seek More Than $17M in Forfeitures from Forest Park Defendants
The U.S. government is seeking more than $17 million in forfeitures from the seven defendants found guilty in April in the Forest Park medical fraud trial. Defrauded insurance companies could be demanding more. Bruce Tomaso has the latest in the Forest Park MC kickbacks case.
Akin Gump Advises SRC on $1.7B Sale to PDC
PDC expects the all-stock merger with SRC to create the second largest oil and gas producer in the DJ Basin and significantly boost its cash flow, an all-important metric to today’s energy investors.
McGuireWoods Boosts Oil & Gas Expertise in Texas
The firm has recruited two partners to the firm this month who represent oil and gas clients in different areas of the law.
Houston GC Joins Bradley’s Construction Practice
Kenneth Milne has left his post as vice president and general counsel of Houston-based Way Service, Ltd. for the Alabama-based law firm.