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.
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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.
Federal Judge Denies Class Cert in Nurse Wage Antitrust Conspiracy Case
A federal judge has declined to certify a class of registered nurses who allege San Antonio’s three largest hospital groups conspired to depress their wages over a five-year period. The ruling marks a major step forward for a group of Texas lawyers from Norton Rose Fulbright and Gibson Dunn in defending their hospital clients.
CDT Roundup: 15 Deals, 16 Law Firms, 76 Lawyers, $3.82B
M&A in the U.S. oil and gas exploration and production industry was hot in 2018, hitting its highest total in four years at $84.3 billion, according to Drillinginfo. Eight of the year’s top 10 deals were in the second half. But thanks to sliding oil prices, fourth-quarter deal value came in at $20.9 billion, a bit off from its third quarter 2018 high.