The injunction issued Nov. 22 against the Department of Labor’s new overtime rule is potentially far-reaching, and a Republican-controlled government makes it conceivable that salary thresholds for white-collar exemptions to overtime may ultimately be reduced or eliminated entirely. This injunction from U.S. District Judge Amos Mazzant of the Eastern District of Texas is the latest in a remarkable series of decisions from Texas federal judges blocking Obama administration orders, rules, and regulations.
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Texas Jury Awards Boone Pickens $146 million in West Texas Oil Lawsuit
Two Midland-based oil companies and Dallas-based J. Cleo Thompson intentionally failed to meet their end of a decade-old agreement with Dallas oil mogul T. Boone Pickens to acquire and drill more than 160 oil wells in Reeves and Pecos counties, a West Texas jury ruled Wednesday.
Judge Changes Dee Wyly Bankruptcy from Reorganization to Liquidation
A lawyer for 82-year-old Dee Wyly, the widow of Dallas entrepreneur Charles Wyly, came to tears in her plea Tuesday to Bankruptcy Judge Barbara Houser that a neutral mediator be appointed to try to help reach a settlement with the IRS because the IRS was not negotiating in good faith and using Mrs. Wyly as leverage in their case against Sam Wyly. Judge Houser rejected the argument and instead changed the bankruptcy from a reorganization to a liquidation.
“I realize that this is not a good outcome for Mrs. Wyly,” Judge Houser said. “Mrs. Wyly could lose everything.”
Latham and V&E Advise in $20B ETP-Sunoco Megadeal
As part of the deal, Sunoco will acquire ETP in a unit-for-unit transaction. The deal is the third largest to be announced this year for The Texas Lawbook’s Corporate Deal Tracker.
Latham and V&E Advise in $20B ETP-Sunoco Megadeal
As part of the deal, Sunoco will acquire ETP in a unit-for-unit transaction. The deal is the third largest to be announced this year for The Texas Lawbook’s Corporate Deal Tracker.
Updated – George Bramblett, a Lion of the Texas Bar, has Died
Bramblett, who was 76, practiced law in Dallas for five decades – 40 of those years as a partner and head of litigation at Haynes and Boone – and was widely considered one of the best trial lawyers in Texas.
The Patent for Evolving Intellectually Goes to Baker Botts
From the moment the first gush of oil erupted from Spindletop Hill in Beaumont in 1901, Baker Botts has pioneered its representation of energy clients, which include ExxonMobil, Halliburton, Chesapeake Energy and Shell Oil.
Houston Chronicle: Regional EEOC Lawyer Retires after Three Decades
Jim Sacher has filed hundreds of lawsuits and handled more than 1,000 allegations of discrimination during his 28 years as lead lawyer for the U.S. Equal Employment Opportunity Commission in Houston. Now, he is retiring. In an interview with Houston Chronicle journalist L.M. Sixel, Sacher discusses the progress his agency has made in trying to assure a level playing field for employees.
Houston Chronicle: Texas Gets $50 Million in VW Global Settlement
Volkswagen will pay the state of Texas $50 million to settle a deceptive trade practices lawsuit brought against the automaker. The settlement is part of an $14.7 billion nationwide agreement to resolve allegations that VW mislead consumers by promoting diesel vehicles as “clean” even though the German manufacturer knew the cars were equipped with software to cheat on emissions tests.
Stacey Doré named GC at Hunt Utility Services & InfraREIT
Hunt Consolidated has named former Energy Future Holdings General Counsel Stacey H. Doré as its new senior vice president and chief legal officer for two of its affiliated companies, Hunt Utility Services and InfraREIT.