In a recent decision, the Delaware Chancery Court broke new ground when it allowed a buyer to back out of a deal by invoking the acquisition agreement’s material adverse effect clause. Michael Blankenship and Whit Roberts of Locke Lord explore how this case might impact businesses in Texas.
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CDT Roundup: 10 Deals, 8 Law Firms, 26 Texas Lawyers, $2.86B
With a new year barreling in, what do we expect of 2019? Well, maybe a slow start, at least in IPOs. New issues are likely down for 2018, and though their value is up, that might not continue. Still, in a slow starting season there are a few issues that may hit the market soon. The Lawbook’s Claire Poole has the names and numbers in her weekly CDT Roundup
V&E Elects Eight New Partners, including Six in Texas
Of the six newly-promoted Texans, half are based in Dallas and the other half office at the firm’s Houston headquarters.
Gibson Dunn and Kirkland Promote Five Texans to Equity Partner
Two of the largest and most profitable law firms in the world – Gibson, Dunn & Crutcher and Kirkland & Ellis – are each promoting two lawyers from its Texas to equity or share partner.
Akin Gump and Sidley Austin Each Promote Two Texas Attorneys to Partner
Houston is home to three of the newly-promoted Texans, while one is based in Dallas. All four have corporate transactional practices.
Seyfarth Shaw Signs Intellectual Property Duo in Houston
Lisa Meyerhoff, who led Baker McKenzie’s intellectual property group in Houston, and Myall Hawkins, a former engineer for aerospace and aviation manufacturers, were formerly at Baker McKenzie.
Locke Lord Partner George Bowles Named Fellow of American College of Construction Lawyers
Bowles, also a fellow of the American College of Trial Lawyers, focuses his litigation practice on construction, breach of contract, fraud, intellectual property and business torts.
DFW Attorney at The Cochran Firm Named Chair of AAJ New Lawyers Division
Larry Taylor, Jr. concentrates his practice on personal injury litigation concentrating in the areas of wrongful death, automobile accidents, truck accidents, as well as criminal defense cases.
Neiman Marcus Countersues Creditor Hedge Fund
Neiman Marcus countered a $1 billion fraudulent transfer lawsuit filed by one of its debtholders, charging that the suit is part of an illegal scheme for the debtholder to injure the Dallas-based luxury retailer and “extract improper benefits for itself.” The Lawbook’s Natalie Posgate details the new litigation.
Patent Suit Against Baylor Rejected After UT Refused to Join as Plaintiff
Baylor College of Medicine and the inventor of a cancer immunotherapy won, in effect, dismissal of a patent-infringement suit when a federal judge ruled that Baylor rival, the University of Texas, had a sovereign right to refuse to participate as a plaintiff. The loser: the company that tried to drag UT into the litigation. Natalie Posgate explains.