A $50 billion data center joint venture is nothing to ignore. Neither are the footnotes that occasionally accompany a monumental deal. The CDT Roundup this week looks at the big numbers that are building up around AI-driven data centers, and a few tiny cautions about what to expect of them. FYI, we didn’t ignore our usual roster of last week’s deals — even those under $50 billion.
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Nokia Says Dallas-Area Company is ‘Overreaching’ in Pursuit of $35M Patent Infringement Verdict
Correct Transmission, which offices in Allen, rested its case Friday after a damages expert testified that Nokia owes $35 million for its alleged infringement of three patents covering technology used in routers. Nokia denies it uses the patented technology and is challenging the validity of one of the patents.
P.S. Spotlights Chevron, Jennifer Banda, Lael and Peter Brodsky, Latham, Sidley and Haynes Boone
In this week’s P.S. column, we highlight upcoming events such as Texas Appleseed’s annual Good Apple Dinner and the Institute for Energy Law’s Excellence in Diversity and Inclusion Award reception. The Center for Women in Law at the University of Texas School of Law has a new executive director. Haynes Boone gives the Dallas Volunteer Attorney Program $25,500. And the Texas Chapters of the American Board of Trial Advocates honor Fort Worth trial lawyer Steve Laird with its first-ever Ethics and Civility Award.
Plus, The Texas Lawbook seeks your contributions or efforts in helping those in need for the holidays.
Sonida Selects a New GC: Tabitha Bailey
Dallas-based Sonida Senior Living Corporation has hired former Avantax General Counsel Tabitha Bailey as its new chief legal officer starting Jan. 1.
V&E Announces New Denver Office
The Houston-based firm announced on Halloween that it is launching a Denver office led by three leading corporate partners at the firm. V&E has been involved in several deals in the region this year.
Texas Lawyer Leads Trump Lawsuit Against CBS in Amarillo
Former president Donald Trump has hired Amarillo lawyer Christopher D. Parker, a shareholder at Farris, Parker & Hubbard, as one of three attorneys to file a lawsuit against CBS Broadcasting claiming that the TV network committed “unlawful acts of election and voter interference through malicious, deceptive and substantial news distortion” by editing interviews with Vice President Kamala Harris that were broadcast in early October.
DOJ’s Updated Corporate Compliance Guidance Gives Companies More Reasons to Focus on AI and Technology
Tracking themes apparent in other recent guidance issued by DOJ, companies now have more reason to focus on AI and the effective use of emerging technologies and data analytics, even when engaging in M&A deals, to enhance corporate compliance programs. Perhaps most significantly, the DOJ now asks companies to demonstrate how they are utilizing newly available technology such as AI and whether the companies have adequately prepared for the risks associated with using such technologies.
Trial Begins in $30M Patent Infringement Case Against Nokia
Lawyers for a Dallas-area company that holds the patents told an East Texas jury tech giant Nokia of America Corporation used its technology to improve Nokia routers without paying royalties as trial began Wednesday. Nokia denies it uses the patented technology and alleges the marketplace wasn’t interested in the technology.
The Vanishing Texas-based Corporate Law Firm
At midnight on Dec. 31, the sign on the front door at Locke Lord will come down, and the corporate law firm’s 130-year history as a Dallas-based institution will come to an end as the result of a merger with Troutman Pepper. Over the last dozen years, more than 30 business law firms headquartered in Dallas, Houston, Austin and San Antonio have merged with or been swallowed up by larger, more profitable corporate law firms seeking to enter the thriving Texas business market or expand specific practice areas. None of them call Texas HQ anymore.
Since 2012, seven of the 25 largest Texas-based corporate law firms have merged out of existence. Legal industry analysts predict that more Texas legacy firms — small, medium and large — will be takeover targets within the next 18 months.
15th COA Hears First Arguments in Cases Involving State Entities
Justices on the newly created court engaged in spirited questioning over appeals involving DPS’ Uvalde school shooting records, the AG’s biometric data case against Google, and the firing of a Crowley ISD teacher who pinned down a student. Lawmakers gave the court broad authority over appeals involving the state and cases from the new business courts.