Dairy Farmers of America will acquire 44 of Dean’s fluid and frozen assets for $433 million in cash. The Dallas Business Journal has more on the story.
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Report: Borrowing Bases Expected to Slide at Least 20% After Oil Free-Fall
The results contrast with Haynes and Boone’s fall survey, which found the largest share of respondents predicting a 10% decrease during redetermination season.
Fed Circuit Gives Schlumberger, Latham Huge Win in Patent Dispute
A widely monitored and hotly contested patent dispute in the oil patch likely ended Tuesday when a federal appeals court ruled that energy giant Schlumberger did not infringe on the intellectual property of legendary Houston energy inventor and lawyer, Dr. Claude Cooke.
Dallas Trial Lawyer Trey Cox Jumps to Gibson Dunn
Gibson, Dunn & Crutcher is expected to announce that Trey Cox, a name partner at Lynn Pinker Cox & Hurst, is joining the firm as a partner in its trial section. Cox, who is married to Northern District of Texas U.S. Attorney Erin Cox, was a lead lawyer representing Purdue Pharma in litigation over the opioid epidemic in Oklahoma and had been with the Lynn Pinker law firm for 23 years.
Fifth Circuit Gives AT&T, Arbitrators Big Win
Arbitrators in commercial civil disputes may change their minds and reverse their own final decisions without the worry of any review by federal judges, even in cases in which judges believe the arbitrator committed “grave error.” The Fifth Circuit ruled in favor of AT&T, which has been in a five-year-long labor dispute with one of its labor unions, the Communications Workers of America.
CDT Roundup: 16 Deals, 13 Firms, 96 Lawyers, $6.5B
Preliminary data shows that global deal value slid 28% in the first quarter, with private equity firms making up a bigger chunk. Texas dealmakers haven’t been immune, although last week saw flat activity year-over-year with deal closings, restructuring work and private equity reloading to hunt for opportunities.
COVID-19 has Law Firms Considering Changes to Summer Associate Programs
Corporate law firm leaders across Texas are scrambling to figure out what to tell the hundreds of increasingly nervous law students scheduled to participate in summer associate programs scheduled to start in about six weeks. Sidley is delaying its summer clerks arrival for two weeks. Other firms are not sure.
Bradley Arant Energy Attorney Moves to Munsch Hardt in Houston
The new shareholder has in-house experience, including as general counsel at private equity-backed Northern Star Generation.
Supreme Court Raises Liability for Energy Companies in Oil Spill Litigation
The U.S. Supreme Court Monday imposed a stiffer level of liability for energy companies involved in tanker ship oil spills and other marine accidents near ports. Amicus briefs filed in the case sounded the alarm, including a brief by Houston lawyer George Diaz-Arrastia who said his client, Houston-based Tricon Energy, could be severely affected if the high court adopted the lower court’s interpretation.
2019 Capital Markets Transactions
The Texas Lawbook’s Corporate Deal Tracker documents all M&A activity and securities offerings handled by in-house and outside counsel in Texas. Today, The Lawbook publishes a list of the 139 IPOs and equity and debt offerings that Texas lawyers worked on in 2019.