It wasn’t the biggest week of the year, but Chevron’s $13 billion blockbuster buy of Noble Energy assured big value. But in the grand scheme of global energy values, the deal may suggest that better times are coming. Allen Pusey explains in this week’s Corporate Deal Tracker Roundup.
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Two More Permian-Focused Oil Companies File for Chapter 11 Bankruptcy
Gibson Dunn, Haynes and Boone and Okin Adams are on the latest oil patch bankruptcies to appear on Houston federal judge David Jones’ docket.
Legal Experts: COVID-19 Litigation So Far a Ripple, Not a Wave
Lawyers who were hoping for a wave of litigation to emerge from COVID-19 should perhaps grab a cold one before changing into their wetsuits. Legal experts and recent data suggest that pandemic-related lawsuits are yet to generate the amount of work that some had predicted. Natalie Posgate explains.
Texas Bar Board Seeks to Restrict Bar President’s Duties, Require Implicit Bias Training
The governing body of the State Bar of Texas cannot oust its president for his past comments about women lawyers, police brutality and the Black Lives Matter movement, but it has decided to take steps to make sure that no future leaders with a history like Larry McDougal’s could or would be elected again.
‘Meatspace,’ Cyberspace and the Dallas Court of Appeals
Cyberpunk fiction often calls the physical world “meatspace,” as distinct from the online world of cyberspace. Litigation does not observe that distinction. Disputes about personal jurisdiction often ask a court to review the interaction between the physical and online worlds. The Dallas Court of Appeals recently reviewed the current state of that important law in Shopstyle, Inc. & Popsugar, Inc. v. rewardStyle, Inc.
Texas Bar Virtual Meeting Gets Heated Over President’s BLM Comments
State Bar President Larry McDougal issued his third apology Monday for past comments that Black Lives Matter is a terrorist group. His statements came during a multi-hour stare bar board meeting in which more than five dozen Texas lawyers appeared on Zoom to express their outrage about the situation.
Ryan, EY Agree on Temporary Injunction in Energy Tax Trade Secrets Suit
The injunction is tied to a lawsuit Ryan filed last month against Ernst & Young that claims EY stole Ryan’s trade secrets in order to benefit a competing practice group that EY built out.
UT Admissions Suit Redux Will Gauge Trump Court Appointees
The complaint filed by Students for Fair Admissions and orchestrated by UT grad Edward Blum is aimed at dismembering the Fisher and Grutter decisions that have sustained diversity in college admissions. Tony Mauro discusses the background.
Dallas Appellate Judge David Bridges, ‘a True Gentleman,’ Killed in Car Crash
Justice David Bridges, a 24-year veteran of the Fifth District Court of Appeals in Dallas, died late Saturday night, a victim of a crash with an apparent drunken driver. “We are stunned and heartbroken by this news,” said Justice Ken Molberg. “We couldn’t have asked for a better public servant or a finer gentleman as a colleague.”
Baker Botts, Latham Advise in NRG’s $3.6B Acquisition of Direct Energy
North American power company NRG announced Friday it is acquiring Houston-based Direct Energy. The deal extends the reach of NRGs retail power business well beyond Texas.