The SEC is investigating Houston-based SAExploration Holdings for allegedly providing “material misstatements” and misleading financial information to investors and the federal agency over the past four years. In response, the oilfield services company says it will cooperate with the SEC, is restating past financial reports, has fired its general counsel and has removed its chairman and chief executive officer.
More Stories
Gamer’s Lawsuit Highlights Issues in Esport Player Contracts
Online gaming star “Tfue” recently sued his gaming organization, the FaZe Clan, alleging that his player contract is “grossly oppressive, onerous, and one-sided.” What does this lawsuit tell us about the state of esports contracts? Johnathan Jordan of KRCL explains.
Bankruptcies = Big Dollars, Big Risks for Texas Corporate Law Firms
Nine corporate law firms in Texas have added lawyers to their bankruptcy practices and 20 other firms are aggressively recruiting experienced restructuring partners. Legal and financial advisors believe a surge of business bankruptcies is heading toward Texas and there is big money to be made representing clients in deep economic distress.
CDT Roundup: 10 Deals, 5 Firms, 52 Lawyers, $1.68B
Deal flow involving Texas lawyers was slower than slow this past week. But better times may be ahead, with one firm predicting an increase in North American transactions in the second half of 2019, particularly in energy and power, materials and consumer/retail. Claire Poole reports.
Remember the 5 D’s of dodgeball: Dodge, duck, dip, dive and DONATE
Whatever comes to mind when you think “dodgeball,” you probably don’t imagine corporate America battling it out on the floor of the American Airlines Center in the name of philanthropy. Weil partner David Gail shares details about an annual fundraiser that does just that.
Fifth Circuit Hands Win to TX Billionaire for Due Process Violations by Moroccan Court
In addition to the compelling elements the case brings – royal intrigue, a foreign proceeding, a billionaire, and even a death threat – the case involves novel legal issues that any appellate lawyer would gobble up. Natalie Posgate explains.
Judge Awards $339M in Home Healthcare Fraud Qui Tam Action
A federal judge in Dallas on Wednesday ordered four healthcare professionals to pay the federal government $339.4 million in a whistleblower action tied to one of the largest home healthcare fraud cases in U.S. history.
Norton Rose Fulbright Adds Depth to Renewable Energy Practice
NRF picked up a pair of experts with industry experience from McGuireWoods.
Six Forest Park Defendants Seek Acquittals or New Hearings
In separate pleadings filed last week, six of the defendants found guilty in the spring for their roles in a bribery and kickback scheme at the now-defunct Forest Park Medical Center are asking the U.S. District Court in Dallas for judgments of acquittal or, alternatively, new trials. Texas Lawbook correspondent Bruce Tomaso provides a summary of the arguments.
Firm Report: E&P Bankruptcies On Rise
Bankruptcies have hit North American oil and gas explorers and producers harder than oilfield service and midstream operators over the last four-and-a-half years, with an uptick so far this year, according to Haynes and Boone.