A Dallas County probate judge cut a short hearing shorter Tuesday, asking for written arguments in the dispute over a new trustee for the Ruff Management Trust. Allen Pusey reports that the abbreviated, chaotic hearing seemed emblematic of the rancor that has embroiled a Dallas family in their long-running fight for control of a relatively modest family fortune.
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CDT Roundup: 15 Deals, 12 Firms, 56 Lawyers, $23.8B
Activist investors hit one of Texas’ largest companies and dealmaking value reached high numbers thanks to one law firm’s advice to a new real estate fund, the largest ever.
Updated: Former DOE Lawyer & Sunnova GC Joins Baker Botts
George Fibbe, the ex-deputy general counsel for litigation, regulation and enforcement at the U.S Department of Energy said he joined Baker Botts because the opportunity was “too good to pass up.” Find out more about his background in this Lawbook-conducted Q&A.
King & Spalding Transactional Partner Jeff Malonson Jumping to Weil
The move, which King & Spalding has apparently known for weeks, is part of the planned expansion of Weil’s Houston office.
Latham, Kirkland Advise on Energy Transfer’s $5.1B Acquisition of SemGroup
Analysts say the acquisition represents a sharp reversal from Energy Transfer’s recent messaging on portfolio management, capital discipline and accelerated deleveraging.
Chron: Bankruptcy Judge Accepts Weatherford Reorganization Plan
The approved plan gives Weatherford access to $600 million in credit and the ability to issue $1.6 billion of notes that will be used to pay down debt. Sergio Chapa of the Houston Chronicle has the story.
Chron: Alta Mesa Files for Bankruptcy Under Former Anadarko Chief
The Houston oil producer filed for bankruptcy protection Thursday amid collapsing finances and an SEC investigation into possible fraud. Latham & Watkins and Porter Hedges are serving as the debtors’ co-counsel.
Convicted Forest Park Doctors Suspended by State
Four physicians convicted earlier this year in the Forest Park Medical Center bribery and kickback trial have been suspended by the Texas Medical Board. The suspensions are not final, but they are mandatory while the convictions are being appealed. Bruce Tomaso has the details.
Stars Align in Texas for the Gig Economy
The explosive growth in the short-term, by-the-job labor market has forced courts and regulators to wrestle with the status of participating workers: Are they employees or independent contractors? Mark Shoffner and Thomas Case of Bell Nunnally argue that recent rulings by state and federal agencies make Texas a welcoming place for the gig economy.
Birmingham Firm Expands to Dallas
Maynard Cooper & Gale, the second largest firm in Birmingham, is opening an office in Dallas. The move is part of an aggressive expansion by the firm which recently opened in Los Angeles. From the Birmingham Business Journal.