In the biggest M&A deal in the history of the Permian Basin, Midland-based Concho Resources is buying rival oil producer RSP Permian for $9.5 billion in an all stock transaction.
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Carter Arnett Clears Nonprofit of $224 Million Antitrust Claim in SA Trial
A federal jury in San Antonio has ruled that a local allergy testing and immunotherapy provider take nothing on $224 million worth of antitrust claims it had brought against a patient advocacy nonprofit group.
Corporate Deal Tracker 2017: A Year of Market Contrasts
Dealmaking in 2017 was confounding: deals were up, but values were down. The deal count hit 735, but total reported value dropped below $400 billion. There are lots of reasons, of course. But maybe the best explanation is the market itself. Claire Poole sums up the year based on the 2017 annual Corporate Deal Tracker tallies exclusively in The Texas Lawbook.
McGinnis Lochridge Adds Corporate Partner
Clarke Heidrick was most recently at Graves Dougherty.
SCOTX To Orca: ‘Vague Assurances’ Should Have Been A Clue
In hot pursuit of mineral leases in the frenzied 2010 Eagle Ford Shale play, Orca Assets paid $3.2 million for six leases in DeWitt County that they later discovered belonged to another company. Rather than simply accept a return of their cash, Orca sued the owner’s agent, accusing them of fraud, demanding $400 million in unrealized revenues. On Friday, the Texas Supreme Court suggested that Orca should have known better. Janet Elliott reports on the court’s reasoning in The Texas Lawbook.
Sheppard Mullin Adds Bill Mateja in Dallas
The Texas Lawbook has learned that prominent white-collar criminal defense attorney Bill Mateja, who represents Texas Attorney General Ken Paxton in his ongoing legal battles, is joining two fellow partners from the Dallas office of Polsinelli in kicking off Sheppard Mullin’s Texas operations.
Texas Lawbook Exclusive: New Federal Judge Karen Gren Scholer’s ‘Crazy Busy’ Three Weeks
As the first new U.S. District judge in North Texas in more than a decade, Karen Scholer has undertaken a fevered pace her first 18 days on the bench. She’s hired two law clerks, been assigned 300 civil cases, conducted 55 status conferences and set two lawsuits for trial. In an exclusive Texas Lawbook interview, Judge Scholer discusses the nomination and vetting processes, the “judicial emergency” facing the federal courts in Texas and her first three weeks on the job.
Sabre’s Top Lawyer, Rachel Gonzalez, Heads to Starbucks
Rachel Gonzalez, who has held senior in-house legal positions at several Texas companies, will no longer have to pay for a cup of coffee starting next month.
Updated – K&L Gates Expands Energy Practice in Texas with Five-Lawyer Team
K&L Gates announced Thursday that it has beefed up its energy practice in Texas with several familiar faces.
Sheppard Mullin Pulling Together Partners in Dallas
The Texas Lawbook has learned that two partners from the Dallas office of Polsinelli and two lawyers from K&L Gates’ office in Dallas have already joined Sheppard Mullin’s operation.