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Funds affiliated with private equity giant Warburg Pincus said Tuesday that they have agreed to purchase Kingwood, Texas-based Ascentium Capital, the third largest private-independent equipment finance company in the U.S, for $1.1 billion.

Funds affiliated with private equity giant Warburg Pincus said Tuesday that they have agreed to purchase Kingwood, Texas-based Ascentium Capital, the third largest private-independent equipment finance company in the U.S, for $1.1 billion.

Plaintiffs seeking class action status in federal civil racketeering lawsuits in Texas, Louisiana and Mississippi involving pyramid scheme saw their path to victory in the courtroom get significantly easier this weekend. In an 11—5 en banc decision, the Fifth ruled that a trial judge in Houston was correct when he granted class action status to alleged victims in a lawsuit against a multilevel marketing unit of utility provider Stream Energy. Legal experts say the signals a major shift by the appeals court.

Business lawyers in Texas are finding there are more alternative travel options than ever.

Dallas business entrepreneur and philanthropist Samuel Wyly and his family are in negotiations with federal officials to resolve claims that the Wylys hid from tax collectors more than $1 billion in income in offshore trusts in the Isle of Man and the Cayman Islands. The SEC announced late Friday that Wyly agreed to pay $198 million to end the agency’s financial fraud case against the 83-year-old. Now, lawyers for the Wylys are in negotiations to settle separate, even larger claims with the IRS.