A deeply divided Texas Supreme Court issued a landmark decision Friday that legal experts say will likely slam shut the courthouse door to minority investors in hundreds of privately owned Texas companies who feel they have been financially damaged by the actions or inactions of majority ownership.
More Stories
Locke Lord Names New Head and Deputy Chair of Energy Litigation
Locke Lord Dallas partner Michael Powell and Houston partner Derrick Carson have been named the new chair and deputy chair of the firm’s energy litigation practice, the firm announced yesterday.
Shannon Gracey’s Wesly Maness Named American Bar Foundation Fellow
Maness, a Baylor Law School graduate, focuses his practice on construction law, commercial litigation and alternative dispute resolution.
Former KCI GC to Lead Winstead’s San Antonio Office
Seidel most recently served as global president of KCI’s Therapeutic Support System Business.
SCOTX: Courts Cannot Order Corporations to Buy Out Minority Shareholders – UPDATED
Texas’ highest court has reversed two lower court rulings that a minority shareholder was entitled to “fair market value” for his or her shares, including “discounts for lack of marketability and for the stock’s minority position.”
Art Carter Joins Littler
Carter, who focuses his practice on labor relations law, said Littler provides a platform that makes sense for labor and employment services.
Frank Branson Named President-Elect of APITLA
APITLA is a national organization devoted to eliminating unsafe and illegal interstate trucking practices.
Tom Melsheimer Named TEX-ABOTA Trial Lawyer of the Year
The Texas chapters of the American Board of Trial Advocates named Fish & Richardson’s Tom Melsheimer its 2014 Trial Lawyer of the Year.
DLA Piper Adds Litigator Karl Dial
Dial, who joins DLA Piper after more than 20 years at Norton Rose Fulbright, says he hopes to help his new firm become a major player in securities and professional malpractice litigation.
SCOTUS says abstract ideas not patentable, even with computer help
A unanimous Supreme Court ruling Thursday will help courts apply existing patent laws to software inventions, experts say.