Bell Nunnally has had the same managing partner for two decades. That changes Sept. 1 when trial partner Christopher Trowbridge takes the reins of the 63 lawyer corporate firm. But he knows there will be many challenges ahead.
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Fifth Circuit Puts Pier 1 Shareholder Suit to Bed
Not only is the decision likely to save the Fort Worth retailer millions of dollars in legal fees, Pier 1 Imports’ legal team says; it frees up Pier 1’s in-house team to focus on something essential: running the business. Natalie Posgate elaborates.
Fifth Circuit: Sachse Police Denied Immunity, Face Jury Trial in 2010 Shooting
Eighteen federal appellate judges. An 11-6-1 split. A majority decision by Judge Patrick Higginbotham. Five separate blistering dissenting opinions. Some dissenters even poke at each other. In all, 75 pages of wisdom from the U.S. Court of Appeals for the Fifth Circuit about qualified immunity. The result: two Sachse police officers will stand trial for allegations that they used excessive force and fabricated evidence in the 2010 shooting of Ryan Cole of Garland.
DBJ: DOJ Sues Sabre to Block $360M Acquisition Over Competition Concerns
The DOJ on Tuesday filed an antitrust suit in Delaware attempting to block Southlake-based Sabre’s $360 million deal with a Miami-based airline technology firm. The DBJ has the details.
Latham, Bracewell Assist on Pembina’s $3.3B Purchase of Kinder Morgan Canada, Cochin Pipeline
As The Lawbook previously reported, analysts thought Houston-based Kinder Morgan might sell its remaining stake in Kinder Morgan Canada after encountering opposition to the Trans Mountain pipeline project. Now it has, and Claire Poole has the scoop.
Appeals Court Awards $4M to PE Firm in Insurance Dispute
In a 36-page ruling, the Dallas Court of Appeals on Monday ruled for a Southlake-based private equity firm that was in a dispute with its insurer after it denied coverage related to a legal battle with one of its ex-execs. Natalie Posgate explains.
SAExploration Fires GC, Dismisses CEO Amid SEC Probe
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.
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.