One minute after midnight Friday morning, Energy Future Holdings announced that it reached an agreement to sell Oncor to Berkshire Hathaway Energy for $18.1 billion. EFH GC Andy Wright and Kirkland partners Andy Calder and John Pitts are advising EFH. Pat Villareal of Jones Day represents. Gibson Dunn is advising Warren Buffet. Oncor GC Allen Nye will be the company’s new CEO.
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Texas Lawbook Exclusive: Munck Wilson Acquires Patent Boutique
IP lawyers Bill Munck and Greg Howison have known each other for two decades. They shared clients and sent business to each other. Munck even hired Howison’s son as a lawyer last year. Next week, Howison and the six patent attorneys at Howison & Arnott will officially join Munck Wilson Mandala, making the firm one of the largest patent practices in North Texas. The Texas Lawbook has the details.
Masergy Names Jeff Walker its new GC
Jeff Walker, who spent the past decade in leadership positions in the Energy Future Holdings and RadioShack legal departments, is the new general counsel at Masergy Communications. In an exclusive interview with The Texas Lawbook, Walker discusses his in-house experiences – including having to tell a majority shareholder no and firing his company’s president – his plans for outside counsel at Masergy and his recent family vacation of a lifetime.
5th Circuit: Texas Partnership Liability Withstands 19th Century SCOTUS Ruling
A North Dakota farming couple involved in a defunct West Texas agribusiness cannot rely on a 145-year-old court ruling to avoid paying past debts under Texas general partnership liability law, a federal appeals court has ruled. The decision is a significant win for Dallas lawyer Clayton Bailey, who argued that the Keeleys cannot use a 19th century SCOTUS decision to escape $1.3 million owed his client, Crop Production Services. The Texas Lawbook has complete details.
Congressional GOP Seeks to Curb Environmental Lawsuits
When it comes to expanding U.S. oil and gas production, President Trump has few greater hurdles than litigation from environmental groups that can tie up companies and federal agencies for years. Now Republicans in Congress are examining ways by which to reduce the delays such litigation can bring to drilling and mining projects on federal lands. The Houston Chronicle has all the details.
Norton Rose Fulbright Completes Acquisition of Chadbourne
The largest law firm in Texas has finalized a merger that significantly expands its operations in New York and Washington, D.C., and adds gravitas to its corporate mergers and acquisitions practice. Norton Rose Fulbright announced Friday that it has closed its combination with Chadbourne Parke, a 400-lawyer firm based in New York.
Weil’s Glenn West Leads Two Deals in One Week
Last week marked the official start of summer, but so far it appears to be all work no play for Dallas corporate lawyer Glenn West. In the past week, he has handled a $1.6 billion deal for a concrete block maker and has helped a packaging company expand into the wine, food, produce and e-commerce customer segments.
Gibson Dunn, V&E Handle $1B Equity Commitment for New Company Formation
A group of Vinson & Elkins and Gibson, Dunn & Crutcher lawyers said Wednesday that they advised Canada Pension Plan Investment Board and Encino Energy in their equity commitment to form Encino Acquisition Partners, a joint venture between the two companies that will focus on U.S. oil and gas acquisition opportunities.
Gibson Dunn, V&E Handle $1B Equity Commitment for New Company Formation
A group of Vinson & Elkins and Gibson, Dunn & Crutcher lawyers said Wednesday that they advised Canada Pension Plan Investment Board and Encino Energy in their equity commitment to form Encino Acquisition Partners, a joint venture between the two companies that will focus on U.S. oil and gas acquisition opportunities.
DBJ: TPG Growth Acquires Dallas Oil Pipeline Company
Fort Worth-based TPG Growth said Tuesday that it is acquiring Dallas pipeline company, Discovery Midstream. The financial terms are undisclosed, but the legal teams were public: Weil is representing Discovery, while V&E is representing TPG. Details here.