When Houston Astros owner Jim Crane and another investor bought a new aircraft for $19.85 million in 2010, they apparently expected it to be…well, new. When they discovered two years later it had been equipped with a used left engine with a troubled history, they sued. Now the SCOTX is weighing whether the evidence supports their $8M verdict.
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GC Ryder Leads Nexstar’s $6.4B Purchase of Tribune Media
Irving-based Nexstar Media Group Inc. will become the largest owner of local TV stations in the U.S. after its $6.4 billion acquisition of Tribune Media Co. announced Monday. The Lawbook’s Claire Poole discussed the deal with Nexstar GC Elizabeth Ryder who led the transaction.
Kelly Rentzel: GC of a Bank; ‘Pioneer’ for Mental Health Advocacy
Only four months before Texas Capital Bank General Counsel Kelly Rentzel became the bank’s first in-house lawyer, she tried to kill herself in her bathtub. Rentzel’s journey with bipolar disorder has seen both struggle and revelation. Natalie Posgate profiles Rentzel’s remarkable personal trials and her brave new effort to educate others.
Is the SCOTX about to Kill Punitive Damages Once and For All?
This week, the Texas Supreme Court is handling a business v. business case that could either reinstate one of the largest punitive damage verdicts in the court’s history or be the death of exemplary damages in many types of civil disputes in Texas. It features some of the best lawyers in Texas, including two former chief justices. The Texas Lawbook has details.
Dispute Involving Apache to Continue in Arbitration, Appeals Court Rules
An appellate court ruled Thursday that the arbitrability of a $15 million legal dispute between Houston-based Apache Corp. and Fort Worth-based Wagner Oil Company will have to be debated in front of an arbitrator in Houston, not a trial court in Fort Worth as WOC had hoped.
Commercial Litigation Funder with Houston Office Launches $500 Million Fund
IMF Bentham Limited, the parent company of U.S.-based commercial litigation funder Bentham IMF, announced on Friday the launch of a new $500 million fund focused on U.S. litigation finance investments.
Skyview Capital’s Darryl Smith: Looking to Tap Texas Market for Carve-outs
Skyview is a Los Angeles-based private equity firm that recently opened a new office in Dallas, one of several PE firms that have set up shop in Texas. The Lawbook’s Claire Poole had a chance to chat with Darryl Smith, who heads the new Texas outpost, about the company’s market outlook and what their presence might mean for lawyers in the Lone Star State.
Administrative Law Judge Joins McGinnis Lochridge
Travis Vickery, a graduate of the University of Texas School of Law, will be a member of the firm’s electric energy practice.
Bell Nunnally Wins Texas Appleseed Pro Bono Leadership Award
The firm, led by Dallas partner Ben Riemer, and Texas Appleseed represent the Cameron County Housing Authority (CCHA) in the matter, which is expected to go to trial in March 2019.
T&K Partner Demetra Liggins Named American College of Bankruptcy Fellow
Liggins will be officially inducted into the College with the 30th class of fellows on March 15, 2019 at a ceremony in Coronado, California.