Stanford Financial receiver Ralph Janvey is considering whether to appeal a Fifth Circuit opinion issued Monday that invalidated a $65 million settlement agreement in 2016 between the court-appointed receiver in the Allen Stanford Ponzi scheme case and the insurance providers for Stanford directors, officers and employees.
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Bracewell Aids Prosperity on $2.1B LegacyTexas Purchase
Houston-based Prosperity Bancshares is acquiring Dallas-based LegacyTexas Financial Group, a $2.1 billion deal that will help expand Prosperity’s presence in the North Texas market. Bracewell assisted in the transaction and Claire Poole has the specifics.
Kirkland, STB Advise on C&J Energy’s $1.8B Merger with Keane
The Keane Group and C&J Energy announced a merger this week, creating a new pressure pumping giant worth an estimated $1.8 billion in enterprise value. Two national law firms leaned heavily on their Texas-based lawyers to pull off the deal and Claire Poole has the names.
Texas Legal Recruiting Pioneer Susan Pye (1950-2019)
Scores of Texas companies and law firms hired thousands of corporate lawyers and paralegals over the past 25 years for one reason: Because Susan Pye told them to. Pye, a pioneer in legal recruiting and trusted advisor to dozens of corporate general counsel and law firm leaders, died Thursday. She was 69.
Don’t Tell Randy Sorrels He Can’t Be A Lawyer
Houston trial lawyer Randy Sorrels took the reins at the State Bar of Texas on Friday. He overcame one of the most contentious elections in the organization’s history to score a record victory. He spoke to The Lawbook’s Natalie Posgate about his path to becoming a lawyer, and described his ambitious agenda for the coming year.
Recent Changes to the Texas First Amendment Landscape
The Texas Citizens’ Participation Act is changing: literally, in terms of legislative alterations, and judicially, in two new interpretations by the Texas Supreme Court. Laura Lee Prather and Wesley Lewis bring you up to date on the specifics of what’s changed, and what to expect for Anti-SLAPP defenses in this altered landscape.
TCPA Crosses New Terrain in State Securities Case
Anti-SLAPP requests have officially touched down in Texas state courts for a new kind of lawsuit. Two law firms on Friday filed
the state’s first TCPA motion to dismiss for an IPO-related securities class action. Natalie Posgate has the details
CDT Roundup: 13 Deals, 17 Firms, 55 Lawyers, $2.87B
Have we entered a time of the dying deal? Claire Poole examines this question in her weekly Corporate Deal Tracker roundup.
Software Malpractice in the Age of AI: A Guide for the Wary Tech Company
DLA Piper partner Danny Tobey, co-chair of the firm’s new AI practice, received a prestigious Burton Award in May for outstanding legal writing. The Texas Lawbook has published the former software entrepreneur’s award-winning article here.
Butler Snow Grows Texas Offices
The Mississippi-based law firm has recruited attorneys from Weil and Kemp Smith to add depth to its Dallas and Austin offices, respectively.