Baker Hughes said on Tuesday it has agreed to acquire Chart Industries for $210 a share in cash, or about $13.6 billion, as the Houston energy technology company furthers its expansion in liquified natural gas and data centers. Also Tuesday, Irving-based Flowserve Corp. said it terminated its offer to acquire Chart because the Baker Hughes offer is a “superior proposal.”
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WhereverTV is Headed Back to Trial in its Infringement Claims Against Comcast
WhereverTV accused Comcast of infringing a patent covering its interactive program guide and was trying the case before a jury in April 2023. But before the jury heard closing arguments or began deliberations, a federal judge in Florida agreed with Comcast that it was entitled to judgment as a matter of law, ending the case. Now, the Federal Circuit Court has remanded the case for a second jury trial.
Litigation Roundup: Southwest Airlines ‘A-Lister’ Alleges Racial Discrimination
In this edition of Litigation Roundup, Skechers draws a patent infringement lawsuit in the Eastern District of Texas over its line of slip-on shoes, Dallas-based Southwest Airlines is accused of race discrimination by a doctor who was removed from a flight, and the Fifth Court of Appeals clarifies the rules on supersedeas bonds in an appeal from a $30.7 million jury award.
Marita and Derek — A Shared Journey of Extraordinary Success and Partnership
Marita Covarrubias is a high-ranking Dallas lawyer at Tenet Healthcare who shares a name with a secret agent on The X-Files. Derek Lipscombe was a former Houston Astros bat boy turned award-winning newspaper reporter who is managing counsel for Toyota North America. Both lawyers of color, Covarrubias and Lipscombe have represented their multibillion-dollar corporations in bet-the-company litigation matters — from class-action lawsuits involving cybersecurity and data breaches to massive antitrust challenges — in courtrooms across the country, and both have become critical advisors to the top executives and board members at Tenet and Toyota. Earlier this year, Covarrubias and Lipscombe became the first husband-wife duo to receive the 2024 DFW Corporate Counsel Award for Lifetime Achievement. “Marita and Derek exemplify what it means to dedicate a lifetime of excellence, integrity and the betterment of the legal profession and the North Texas business community,” said Association of Corporate Counsel DFW Chapter President Alvin Benton, who is senior counsel for corporate compliance at Capital One in Dallas.
Premium Subscriber Q&A: Marita Covarrubias and Derek Lipscombe
In this Q&A with The Texas Lawbook, Tenet’s Marita Covarrubias and Toyota North America’s Derek Lipscombe discuss the traits they seek in outside counsel, what outside counsel needs to know when working with them, how their jobs have changed over three decades and being parents to an amazing son with special needs.
Teaming Agreements Can Help Government Contractors Capitalize on Increased Defense Spending
In order to take full advantage of these opportunities from increased defense spending, companies must familiarize themselves with the legal regime that governs preliminary contracts in the industry. In particular, companies considering entering into a teaming agreement — often used to meet the multifaceted needs of a government contract — must understand their agreement’s enforceability and the obligations each party in the “team” incurs. Without this knowledge, companies might find themselves tied up in disputes over the requirements of a potential subcontract, which may delay the project’s completion and undercut its ultimate success.
Industrial 3D Printer Files for Bankruptcy in Houston
Massachusetts-based Desktop Metal Operating and 15 of its affiliated companies have filed for Chapter 11 bankruptcy protection in the Southern District of Texas.
Paul Hastings Continues TX Growth Play with Energy M&A Hire
Peter Hays has had a career-long focus on onshore and offshore energy and a practice spanning both domestic and international markets.
CDT Roundup: Watt a Week as Deals Spark Up Power and Security
The week ending July 26 saw 15 transactions for just over $3 billion, which doesn’t sound like much. The volume is akin to the week before, in which 14 deals were reported for $6 billion. But both pale against the 19 transactions for $16.4 billion reported last year. The plain truth is that transactions in M&A dwindled in Q2 and have stayed dwindled in the first few weeks of Q3. But take heart; Q2 was the weakest quarter in Texas M&A deals last year and the year before. But there was plenty of diversity in the mix.
Seadrill Partners Seeks Approval of Jackson Walker Bankruptcy Settlement
Seadrill Partners and Seadrill Limited — the offshore drilling rig operators whose bankruptcy proceedings are among the 33 cases where the U.S. Trustee’s Office is trying to claw back millions in fees awarded to Jackson Walker — asked the court on Friday to approve its $485,000 settlement with the Dallas-based law firm.