Texas-based Blue Bell Creameries Inc. agreed to a $60 million settlement of one of the stockholder lawsuits filed in Delaware that emanated from an outbreak of listeriosis traced to its ice cream. Investors have claimed they were blind-sided by the financial fallout that resulted from allegations that the company failed to maintain food production safety standards.
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Federal Judge Releases Ill Detainees on COVID-19 Concerns, Tells ICE: ‘We are living in unprecedented times’
U.S. District Judge Keith Ellison ruled federal courts do have habeas corpus authority to release migrant detainees when the conditions of their detention put their immediate health and life at risk. The decision is a huge pro bono win for Weil Gotshal lawyers in Texas, including Paul Genender (pictured above) who say there are other similar cases they might be pursuing.
SCOTX Tosses Highland Capital’s $211M Judgment against Credit Suisse, Upholds $40M
Any other day, a plaintiff would be thrilled that the Texas Supreme Court upheld a $40 million jury verdict in their favor. But Highland Capital is no ordinary plaintiff and its fraud case against Credit Suisse over a 2007 Las Vegas residential real estate project has been far from run-of-the-mill.
Varsity Brands Wins Again at Alabama Supreme Court
Dallas-based Varsity Brands has sealed last year’s $3.1 million Alabama jury verdict with a final win at the Supreme Court of Alabama. The court let stand a judgment against Jostens for luring 47 school clients by hiring two salesmen bearing key trade secrets from a Varsity Brands subsidiary.
SCOTX: No Evidence Bill Brewer Acted in Bad Faith, Sanctions Reversed
Dallas trial lawyer Bill Brewer should not have been sanctioned by a Lubbock judge for conducting a survey or poll months before a trial because there “is no evidence” that the controversial attorney acted in bad faith or tried to improperly tamper with the jury process, the Texas Supreme Court ruled Friday.
Southern District Hands Chevron a $15.6M Win in Trademark Infringement Case
SDTX District Judge David Hittner Thursday slapped Houston-based Sariel Petroleum and several individuals with a $15.6 million judgment for counterfeiting and infringing on trademarks owned by energy giant Chevron USA. Chevron had filed suit against the company in 2018, alleging the Sariel defendants were duping prospective clients into believing the company was affiliated with Chevron. Natalie Posgate reports.
Dallas Litigation Firm Adds Head of McKool Smith’s Austin Office
Kevin Burgess, who also was on the McKool Smith management committee, is the first lateral principal hire at his new firm.
Texas Lawyers’ Capital Markets Deals Down Nearly 25% in 2019
Blame the oil and gas industry, which even before the market collapse had difficulty attracting funding given its out-of-favor status on Wall Street.
Morgan Stanley Holds Top Spot in Q1 Dealmaking Value in Texas
Houlihan Lokey ranked-one in deal count, handling 11 transactions in the state. Claire Poole reports on the latest exclusive Mergermarket numbers.
Three Weeks After Whopping Judgment, Diamondback Industries Files for Bankruptcy
Three weeks after losing the very first IP trial decided by U.S. District Judge Alan Albright, Crowley-based Diamondback Industries filed for bankruptcy protection, citing the $40 million judgment as first among their debts. Natalie Posgate has the details.