Anadarko has emerged the winner in a coverage clash with its surplus liability insurers as the Texas Supreme Court ruled last week that the underwriters are contractually obligated to pay Anadarko’s $112.5 million defense costs related to the Deepwater Horizon disaster. The Lawbook’s Janet Elliott has the details.
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Norton Rose Fulbright Announces Move to New Frost Tower in San Antonio
The firm will occupy nearly 40,000 square feet on floors 17 and 18 at Frost Tower, which is expected to be completed by the end of the first quarter.
SEC Charges Frisco Real Estate Developer with Multimillion-Dollar Fraud
North Texas real estate developer Phillip Michael Carter and two of his colleagues – already facing state criminal fraud charges – found themselves the target of new securities fraud allegations Friday afternoon.
Sidley Advises Luby’s on Proxy Fight Win Over Activist Investor
The management of Luby’s Inc. chalked up a big win on Friday – and so did several Sidley lawyers in Texas. The Houston-based restaurant chain beat back a proxy fight by Bandera, a New York-based investment firm run by Jeff Gramm, son of former U.S. Sen. Phil Gramm. Claire Poole has the details.
Frisco tech firm files for bankruptcy, owes up to $50M
Frisco’s Skinny IT – once a rising star in North Texas – has filed for bankruptcy, the Dallas Business Journal reports.
Updated – Shamoil Shipchandler Resigns as SEC Regional Director
Shamoil Shipchandler, the director of the U.S. Securities and Exchange Commission’s Fort Worth regional office, resigned his position Friday as the federal government’s top official policing Texas corporate executives and financial dealers and brokers. The Texas Lawbook has details and analysis.
AT&T and Toyota Win Multiple 2018 DFW Outstanding Corporate Counsel Awards
The chief legal officers at Adeptus Health, EnLink Midstream Partners and Match.com won General Counsel of the Year awards. Senior counsel at Southern Glazer’s Wine and Spirits, Capital One and NGP Energy also were honored for significant successes during 2018. The Texas Lawbook has exclusive details.
Porter Hedges Mints Five Partners
Three of the five new partners are women.
Former Baker McKenzie Global Head of LNG Rejoins King & Spalding in Houston
David Lang started his legal career at King & Spalding in 2003.
Butler Snow Adds Five Litigators in Austin
Mississippi-based Butler Snow announced Thursday that it has added four commercial litigators and one healthcare litigator to its Austin office. The commercial litigators join from Beck Redden, while the healthcare litigator joins from Bowman & Brooke. Details on who in this article.