The public markets are shrinking while private equity is expanding, with investors putting 14% of their assets in private markets, a number that’s expected to balloon to 20% over the next 10 years. Private equity deals are increasingly showing up on the Corporate Deal Tracker, making up half of last week’s activity after the Labor Day holiday. Claire Poole reports on the trend.
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Ruff Family Seeks Criminal Inquiry against Lawyer, Bank over Millions in Trust Fund
A Texas judge has initiated a “court of inquiry” to handle allegations of criminal misconduct made by the children of deceased Dallas banker Arthur Ruff against Texas lawyers and bankers involved in their family’s multimillion-dollar trust. The judicial led probe comes as Ruff’s widow seeks to enforce a $66 million judgment against her own son. The web of lawsuits shows just how nasty family disputes over cash and control can get.
International Transactional Lawyer Returns Home, Lands at NRF
John Chrisman, who received degrees from UT and SMU, was most recently practicing in Dubai.
Clerk to Chief Federal Bankruptcy Judge Joins Jones Day
Michaela C. Crocker has joined Jones Day’s Dallas office. Crocker was a career clerk for Chief Judge Barbara Houser of the U.S. Bankruptcy Court for the NDTX.
Veteran Dallas IP Litigator Launches Own Shop
Anthony Magee, who has practiced at three Dallas litigation firms over the past 25 years, was looking for more freedom in deciding to set out on his own.
McGuireWoods Names New Dallas Office Managing Partner
Jason Cook, a patent litigator, succeeded corporate partner Akash Sethi at the beginning of the month.
Haynes and Boone Brings San Antonio Real Estate Partner Back
George Hinchey has returned to Haynes and Boone after making partner at Jackson Walker last year.
Houston Jury: Lawyer Pursley Guilty of Federal Tax Evasion – Updated
HOUSTON – Nine men and three women found Houston attorney Jack Stephen Pursley guilty of three counts of tax evasion and one count of conspiracy to defraud the United States late Friday. He faces up to 20 years in prison.
Judge Boots Bird-Flipping, Profanity-Spewing Juror as Pursley Tax Trial Winds Down
HOUSTON – Closing arguments concluded Friday afternoon in the Jack Stephen Pursley federal tax evasion trial, but the case will proceed without a juror who the judge has dismissed because the juror apparently flashed a middle finger to others in the courtroom and used the F-word in response to testimony.
Kirkland, DLA, Gibson Dunn Counsel on Concho’s $925M Asset Sale to KKR’s Spur
The Midland-based seller plans to use the proceeds to buy back stock and pay down debt in an investor-friendly move.