The Supreme Court of Texas will consider whether a business version of common law marriage exists when companies do deals with each other in the Lone Star state, according to a ruling Texas’ high court issued on Friday. The case has been viewed by the Texas legal community as the most important business dispute since Joe Jamail’s $10 billion win against Texaco in the 1980s.
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Fifth Circuit: Securities Offering Fraud Cases Require More SEC Fact-finding
When is an investor buying a security versus purchasing a partnership in a joint venture? It depends on some very specific but basic facts that usually are only available via a full trial, according to the U.S. Court of Appeals for the Fifth Circuit.
Baker Botts, V&E Advising on Sunnova’s Planned $1B IPO
Baker Botts and Vinson & Elkins are the law firms of record for Sunnova Energy International’s initial public offering, which is providing a glimmer of hope in an otherwise barren environment for energy issues.
Houston Chronicle: Injured Astros Fan’s Family Hires Richard Mithoff
While no lawsuit has been filed, the family of the 2-year-old girl who suffered a fractured skull when she was struck by a foul ball at an Astros game in May has retained Houston attorney Richard Mithoff to represent them in potential discussions with the ball club. Mithoff gave an exclusive interview to the Houston Chronicle.
Houston Chronicle: Kinder Morgan Wins $2B Court Victory
Lawyers for Baker Botts in Houston and Austin scored a huge courtroom victory Tuesday for Houston based Kinder Morgan. A state district court judge in Austin tossed out a lawsuit that sought to stop a Kinder Morgan pipeline from being routed through the Texas Hill Country.
Baker Botts, Locke Lord Counsel on Texas Monthly Sale to Billionaire Houston Heiress
Two law firms with deep Texas roots were involved in Genesis Park’s sale of award-winning magazine Texas Monthly to billionaire Houston heiress Randa Duncan Williams. Claire Poole has the names of the lawyers involved and details on a sale that kept a Texas icon Texan.
TechnipFMC Settles FCPA Case for $296M
Oil and gas services company TechnipFMC, co-headquartered in Houston and London, reached a settlement Tuesday with the DOJ and the SEC to resolve decade-old allegations that company officials violated the Foreign Corrupt Practices Act in business dealings in Brazil and Iraq.
Jury Finds Both Sides Liable in Antenna IP Dispute
A Dallas federal jury has found that two tech companies have infringed on each other’s patents, but the larger company in the legal battle, North Carolina-based CommScope, got the short end of the stick with a $9 million judgment. Natalie Posgate reports.
CDT Roundup: 17 Deals, 10 Firms, 139 Lawyers, $11.7B
IPOs are hot, especially among venture capital-backed firms. How hot? In the first two months of Q2 there have been 21 offerings that generated more value than 10 of the last 11 years. And with some big names reportedly in the wings, things could get hotter. Claire Poole takes the market’s pulse in Texas, along with her weekly report on the week in deal-making in the Lone Star State.
Exclusive: Legal, Financial Advisor Tab Hits $61M in Exco Resources Bankruptcy
Exco Resources is paying its legal and financial advisors $4 million a month to help guide the company through bankruptcy. Since the Dallas oil and gas operation filed for Chapter 11 protection last year, Exco has paid the lawyers and other restructuring experts $61.6 million. The Texas Lawbook has exclusive details.