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.
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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.
SCOTUS Hands Win to Grocery Store Chains in FOIA Case
The U.S. Supreme Court Monday granted a new level of protection to businesses that provide the government with confidential data, requiring lower courts to consider the actual meaning of “confidential” before granting access to such data under the Freedom of Information Act. Critics say the case provides a new obstacle to public access to government. But Baker Botts Austin partner Evan Young, who argued the winning case before SCOTUS, says nothing could be further from the truth. Natalie Posgate reports.
Antero Wins $96M Natural Gas Dispute Against WGL
A Colorado jury has handed a $96 million win to a team of Houston lawyers representing Denver-based Antero Resources Corp. in a dispute over what’s believed to be one of the largest natural gas purchase agreements in the U.S.
Shearman Adds Another Restructuring Partner from Baker Botts
Shearman & Sterling has added a second restructuring partner from Baker Botts since the beginning of May. Dallas-based lawyer Ian Roberts, who is listed on the firm’s website as being
Ex-Waller Creek Conservancy GC Joins Austin Law Firm
Mary Allen has joined McGinnis Lochridge.
Greenberg Traurig Signs Health Care Expert in Houston
Charles Dunham, who was previously at Epstein, Becker & Green, focuses his practice on regulatory matters in the health care arena.