The State Bar of Texas has released its monthly tally of disciplinary actions. This month’s list of actions includes one resignation, 18 suspensions, three public reprimands and one appellate opinion confirming disciplinary action against a state judge accused of groping three women and behaving injudiciously in open court. The full list is in The Texas Lawbook.
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Seventeen Law Firms in Texas Hit Elite Status
There are many ways to judge the financial success of a law firm, including head count, total revenues, net profits and profits per partner. The Texas Lawbook uses revenue per lawyer. A new Texas-based law firm crashed into the group of elite firms that had RPLs of $1 million or more in 2018. The Lawbook has the exclusive rankings.
Language Edges Custom in SCOTX Farmout Case
AUSTIN – SCOTX held to its preference for plain language over industry custom, rejecting a $27.7 million verdict in a closely-watched farmout dispute. But the narrow 5-4 decision generated two very vigorous dissents. Janet Elliott reports.
A Safe Place, A Serial Killer and A ‘Chickenshit Move’
Six families who lost elderly relatives – presumably at the hands of an accused serial killer – filed lawsuits against the upscale senior living community that had pledged to protect them. The suits didn’t have to happen; but a seemingly ham-handed legal maneuver changed everything. Lawbook litigation writer Natalie Posgate explains.
Orrick Partner Becomes GC of ROX Financial
Orrick partner David Ronn is moving in-house, becoming general counsel of a company that plans to create exchange-traded securities that will allow investment in single-property real estate.
Houston Company Defeats Berkshire Hathaway in Nebraska Supreme Court
The ruling is a slam-dunk win for Houston firm Gibbs & Bruns, which essentially defeated billionaire Warren Buffett in the case. Gibbs & Bruns’ courtroom opponent is an Omaha-based company owned by Berkshire Hathaway.
Get Your Popcorn Ready: ETP & Enterprise Are Headed to the TX Supreme Court
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.
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.