Reata Pharmaceuticals CLO Mike Wortley has turned to his old law firm, Vinson & Elkins, as its legal adviser handling its underwritten public offering of 3.25 million shares, which is expected to raise more than $100 million for the Irving company.
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SEC Names Jessica Magee as FWRO Head of Enforcement
The U.S. Securities and Exchange Commission Wednesday named Jessica Magee, a tough-mind prosecutor, to become the agency’s new associate director of enforcement in its Fort Worth Regional Office. The Texas Lawbook has the details.
Analysis: SCOTUS Reins in Litigation Tourism and the Reach of Personal Jurisdiction
In a decision that will likely have a huge impact on mass tort and products liability litigation, the Supreme Court held in Bristol-Myers Squibb Co. v. Superior Court of California that California courts did not have the power to decide claims against the drugmaker by non-residents whose injuries were not related to conduct that occurred within the state. Experts at Thompson & Knight believe the decision will significantly restrict litigation tourism while giving companies a powerful means to challenge personal jurisdiction.
Baker Botts, Vinson & Elkins Advise on QEP Transaction That Was in Doubt
Some thought QEP’s $740 million divestiture deal might not happen. But lawyers in Dallas, Houston and Austin saw it through. Details are in The Texas Lawbook.
Baker Botts Names Van Beckwith Chair of Litigation Department
Beckwith is also a member of the firm’s executive committee.
Cantey Hanger Adds Former Tarrant County Bar Association President as Partner
Robert Aldrich, Jr. returns to the firm he started in private practice.
Former UT System GC Jumps to Pillsbury in Austin
Barry Burgdorf was most recently the chief operating officer at Remeditex Ventures, a $300 million biotech venture capital firm.
Mergermarket Law Firm H1 2017 M&A Rankings: V&E, Kirkland, Latham – and a lot of Non-Texas Firms
The Texas Lawbook has exclusive new Mergermarket M&A data on the law firms doing the most deals for Texas companies during the first half of 2017. Twenty-three of the top 30 law firms advised on more transactions than they did one year earlier. Four law firms did fewer deals than they did in H1 2016. Eight firms doubled the number of transactions they handled and 21 of the 30 firms doing the most deals are based outside of Texas. The Lawbook has all the details.
Gibson Dunn, Jones Day Advise on $170M Propane Deal
Houston-based American Midstream Partners said Monday that it will sell its propane marketing and services business to Netherlands-based SHV Energy NV for $170 million in cash.
Baker Botts, Locke Lord Advise on $450M Quanta-Stronghold Deal
A cluster of Houston-based lawyers from Baker Botts and Locke Lord said Friday that they closed Quanta Services’ $450 million acquisition of Stronghold Specialty, a La Porte-based services provider for clients in the refining and petrochemical industries.