A recent decision by the 5th Circuit Court of Appeals vacated the Department of Labor’s so-called fiduciary rule, a set of regulations which would require that all retirement investing advice provided by financial professionals be in the best interest of their clients. The law’s uncertain future now rests in the hands of the Trump administration’s DOL. Timothy G. Verrall and Ron Chapman, Jr. of Ogletree Deakins provide an analysis.
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Stewart Bradbury Debuts Pro Bono Efforts with Female Veteran Community
Stewart Bradbury kicked off Women’s History Month by sponsoring an event at the veterans’ empowerment center, Honor Courage Commitment. The attorneys at Stewart Bradbury were among 30 Dallas-area lawyers, judges, HR professionals, entrepreneurs and marketing professionals who helped female veterans create vision boards of what they want for themselves professionally and personally in their post-service life. Firm founder Amy Stewart explains why her 7-month-old firm made assisting women veterans a priority this year in this article.
Greenberg Traurig Promotes Four to Shareholder in Texas
Greenberg Traurig promoted attorneys in each of its Texas outposts.
Data Privacy & Cybersecurity Expert Jumps to Michael Best in Austin
Elizabeth Rogers is the former chief privacy officer of the Texas Comptroller of Public Accounts Office.
Corp. Deal Tracker Weekly Round-Up: 13 Firms and 51 Texas Lawyers Advise on 17 Transactions Worth $5.8B
Spring break in parts of Texas is typically pretty slow in the deal-making world, and this past week was no exception. It was also a secretive bunch this past week, with nine transactions out of the 17 not revealing values and several companies not willing to share their deal counsel. Come on, give these poor vacationing lawyers some credit. Claire Poole has the details in her weekly roundup.
Dallas Lawyers, Including AT&T GC McAtee, Take Center Stage in Historic Antitrust Trial
This week, a potentially epic and landmark trial gets underway in a federal courtroom in Washington, D.C., pitting the mighty power of the United States government against telecommunications giant AT&T of Dallas. A handful of Texas lawyers, including several AT&T in-house counsel and partners in the Dallas office of Gibson, Dunn & Crutcher, are playing prominent roles in the litigation. The Texas Lawbook has details.
iHeartMedia Taps Kirkland, Jackson Walker as Debtor’s Counsel
iHeartMedia General Counsel Robert Walls chose Kirkland & Ellis and Jackson Walker to guide the San Antonio-based radio giant through corporate restructuring. iHeartMedia filed Thursday in U.S. Bankruptcy Court in Houston for protection under Chapter 11.
Updated – Akerman Adds Dallas Investor Recovery Specialists
Eduardo Espinosa and Michael Napoli lateraled over from Dykema.
EFH Bankruptcy Legal & Financial Advisor Fees to Near $1 Billion
The bankruptcy case of Energy Future Holdings is essentially over, but the millions of dollars in fees being paid to lawyers and financial advisers are likely to continue for a few more months. New research by The Texas Lawbook shows that law firms, banks and consultants working on the EFH restructuring have received so far more than $600 million, making it one of the most complex and expensive corporate bankruptcies in U.S. history. The final price tag could approach 10-digits.
Kilpatrick Townsend Adds Houston Bankruptcy & Restructuring Pro
Lenard Parkins was most recently at Greenberg Traurig.