When Capital One’s financial services division decided to exit the mortgage origination and servicing business in 2017, it had a pretty sticky problem: How do you shed a portfolio of 113,000 mortgages valued at $17 billion in an orderly and cost-conscious fashion? Apparently, you task your Assistant GC Elizabeth Chostner to deal with the details.
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Lathrop Gage Opens in Dallas
The 145-year-old Kansas City legal operation announced Thursday evening it is launching in Dallas with four lawyers and plans to have several more.
SCOTX Mulls Role of Reasonableness in ‘Farm Out’ Agreements
After spending $22 million on some dry holes in North Texas, Barrow-Shaver Resources Co. jumped at a $27.7 million offer for its development rights. But one of 32 parties blew up the deal by asking $5 million for its approval. Now the Texas Supreme Court is being asked to resolve a question of industry use vs. oil and gas tradition. Janet Elliott explains.
In Midst of Gov Shutdown, Trump Nominates 3 to Federal Bench in TX
President Trump has nominated three lawyers to the federal bench in Texas, but amidst the government shutdown, when they can be approved is uncertain. Details on who in this article.
Southern Glazer’s Lauren Mutti is ‘A Rock Star’
As lead labor and employment counsel at Southern Glazer’s Wine & Spirits, Lauren Mutti handles everything from a $9 million litigation docket to sales compliance policies nationwide. She describes herself as the daughter of a “corporate gypsy,” but others describe her as a community-committed lawyer who is terrific at her job.
Fifth Circuit Hands Receiver Latest Win in Stanford Ponzi Saga
The U.S. Court of Appeals for the Fifth Circuit has reversed a trial court ruling that determined one of infamous Ponzi schemer Allen Stanford’s largest investors received a $79 million fraudulent transfer in good faith.
Brooks & Talbott – Two EnLink Lawyers, One Team, Lots of Growth
EnLink Midstream Partners CLO Alaina Brooks and Deputy GC Kendall Talbott have been a team for a half-dozen years. Together, they implemented a $13 billion simplification, brought several midstream projects online, eliminated dozens of nuisance lawsuits and sold a $3.12 billion interest in EnLink. Now they’re finalists for an ACC-DFW award.
Adeptus GC Tim Mueller: IPO, Bankruptcy, Private Equity in Three Years
Adeptus Health General Counsel Tim Mueller has seen good times and bad times. During a three-year period, Adeptus experienced wild expansion, did an IPO, had its market cap hit $1 billion, filed for bankruptcy and restructured with a new plan for steady growth. Through it all, Mueller’s legal counsel has been both sound and poised. The Lawbook has the story.
Chip Brooker Starts His Own Firm
In the D Magazine building of downtown Dallas, Brooker has opened up his own shop, Brooker Law PLLC, where he will continue his plaintiffs’ litigation practice representing individuals and families nationwide in cases involving wrongful death and personal injury.
Interstate Batteries GC Kelvin Sellers is ‘Outrageously Dependable’
Interstate Batteries’ Kelvin Sellers has crafted partnership agreements with 200 retail stores, penned sponsorship contracts with NASCAR’s Kyle Busch, engineered the 19 percent acquisition of Aqua Metals and helped the company’s expansion into South America and China. Now, he is a finalist for the 2018 Outstanding Corporate Counsel’s GC of the Year Award.