A three-judge panel heard oral arguments Tuesday in a contentious noncompete dispute that is currently deadlocked in an interlocutory Texas Citizens Participation Act battle. Although, a new bill passed by the Texas House might make the debate irrelevant soon. Natalie Posgate has the details.
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CDT Roundup: 18 Deals, 17 Firms, 177 Lawyers, $19.8B
Last week, Chevron dropped out of a $33 billion deal to purchase Anadarko Petroleum Corp. when it declined to match or counter a $38 billion offer by Occidental Petroleum. In her weekly roundup of deal activity, Claire Poole looks at why that happened and what it means along with other deal news.
Magnolia Denver Announces Completion Of Four Year Hotel Renovation Project
To celebrate the completion of this renovation, the Magnolia Denver is offering special incentives for groups including the Wall Street of the West meeting package and “The Reclaim Your Weekend” package for guest travelers. This story has the details.
Jones Day Picks Up Two Houston Laterals
Jones Day added depth to its securities and energy practices with two lateral partner hires.
Sheppard Mullin Adds Dallas Litigation Partner
Amanda Cottrell focuses her practice on white collar criminal defense, internal investigations and complex commercial litigation.
Kirkland M&A Partner Samuel Peca Jumps to Weil’s Houston Office
After a 23-month stint at Kirkland & Ellis, Samuel Peca is back at Weil, Gotshal & Manges, where he spent more than five years as an associate before joining Kirkland in July 2017. Peca worked on some big deals for Kirkland, including TPG’s purchase of a majority stake in Tailwater Capital-backed Goodnight Midstream in March for $930 million.
It’s Official: Reed Smith Opens in Dallas
Reed Smith officially opened its Dallas office with 16 lateral hires from three firms. The newest law firm in Dallas says more laterals are on the way. Natalie Posgate has the details.
Best Practices for Avoiding 401(k) Plan Mistakes
There are several common mistakes that companies make each year with 401(k) plans. These mistakes can cost time and money to remedy, but they can be prevented with planning and cooperation. Jessica Morrison of Thompson & Knight explains how employers and legal counsel can work together to avoid potentially costly administrative errors.
SCOTX Dismisses Defamation Suit Against DMN, Kevin Krause
The Supreme Court of Texas has tossed out a defamation lawsuit against the Dallas Morning News, reversing two lower courts that declined to do so despite it involving a situation that the Texas Citizens Participation Act was actually designed to protect a media outlet in.
SCOTX Rules In Oyster Case
The Texas Supreme Court has ended part of a long-running inter-governmental battle over a coastal navigation district’s exclusive lease with an oyster-farming business; the rest, not so much. The case, which began in 2014, will continue, but with one less party. The Texas Lawbook has the story.