The SEC’s Fort Worth office has charged Dallas-based Americrude and two of its executives with defrauding 17 investors out of $950,000 in an oil and gas offering scheme. The alleged scammers created a boiler room of sales employees who cold called potential investors, “using a combination of high-pressure and deceptive sales pitches and false and misleading offering materials.” The Texas Lawbook has details.
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Updated – CHRISTUS Health CLO Moves to Bracewell
Nancy LeGros led a legal department that advised on strategic transactions in the United States and Latin America; conducted regulatory investigations; advised on establishment of Medicare Advantage and Healthcare Exchange plans; implemented a physician contract management system; assumed management of all claims and litigation; and advised senior leadership and multiple boards of directors on compliance and governance matters.
Texas Law Leaders Predict More Mergers, More Competition from Nat’l Firms
A new survey by the legal industry consulting firm Zeughauser Group shows that Texas-based business law firms are facing extraordinary competitive pressures from out-of-state corporate legal operations and one-third predict they will need to merge with larger law firms in order to survive or thrive. The survey shows that younger partners are pushing firms to either consider merging or face losing young talent to competitors.
Ex-Managing Partner of Cozen O’Connor’s Houston Office Laterals to Littler
Charles Wilson represents national and international companies against discrimination and harassment claims, wage and hour matters, whistleblowing and retaliation, workplace injury and trade secret matters.
Munsch Hardt Adds Dallas Real Estate and Finance Shareholder Melissa Jenner
Melissa Jenner was previously senior counsel at Thompson & Knight.
Larry Anders’ Firm Sues Transamerica in Dallas Federal Court
Life insurance giant Transamerica has had its share of legal troubles over the past few years after getting hit with class action lawsuits for sharply raising premiums on tens of thousands of policyholders. Now, Transamerica will have to lawyer up in Dallas since its major general agency, Summit Alliance Financial, has just filed suit against the Iowa-based insurer.
Another LA Firm Expands into Dallas
Two California attorneys are relocating their practices to Dallas to launch Los Angeles-based Manning & Kass’ first Texas outpost.
Wick Phillips Opens Collin County Office
Kristin Jordan Harkins, who recently joined the firm, and the firm’s IP group have been tasked with leading the office.
T&K Partner Named Chair of Downtown Dallas Inc. Board of Directors
Ted Benn, a partner in the firm’s real estate and banking groups, has previously served as treasurer and an executive committee member of DDI.
Munsch Hardt Shareholder Appointed to Arbitration Board
Jeff Dunn has been appointed by NACHA – The Electronic Payments Association to its national arbitration board.