A federal court in Minnesota has ordered an Indian conglomerate to pay Houston-based Great Lakes Gas Transmission $32.9 million for failing to pay Great Lakes for natural gas transmission services the parties had agreed to in a 15-year contract.
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Ten Things: Explaining Litigation to the Board and the CEO
When facing a large lawsuit, corporate general counsel sometimes need to remember to the CEO and the board of directors informed about the litigation. Neither senior management nor the directors have much, if any, experience with litigation. GCs can avoid a lot of frustration and second-guessing by taking the time upfront to explain the litigation process to them and provide regular updates thereafter.
Because GCs need sign-off from the CEO or board regarding many decisions, including settlement authority, alternative dispute resolution (e.g., mediation) and budgeting, GCs will avoid second-guessing by keeping senior management and the board fully informed. This column provides a check list for GCs.
Appeals Court Favors ex-CFO in Insurance Dispute over Coverage in Bankruptcy
A Houston appeals court ruled Tuesday that a lower trial court must consider whether an insurance company breached its duty to a former Superior Offshore International executive when it refused to provide certain coverage the executive claimed was included in the director-and-insurer policy.
Ten Things: Your Business has just been Sued – Now What?
It’s hard to recall a more disconcerting feeling as a GC than getting a copy of a lawsuit filed against your company. Litigation in the commercial context is almost inevitable for companies, especially in the United States. It’s going to happen at some point. When it does, it’s your chance to step up and be the calm in the eye of the storm.
This column is 10 things you need to do immediately. Above all, don’t panic.
Baker Botts Expands in Asia
Michael Arruda, Joanne Du and Phillip Georgiou jump to Baker Botts’ Hong Kong/Beijing office from Jones Day.
Cantey Hanger Merges with Fort Worth Labor and Employment Firm
David Fielding, Frank Parker and Laura Hallmon join Cantey Hanger as partners with paralegal Eileen Cummo.
Texas Access to Justice Foundation Appoints Two New Board Members
Tim Kelly and Denise Scofield, a partner at Morgan Lewis in Houston, will serve a three-year term.
McDermott Will & Emery Snags Erin Turley and Allison Wilkerson, Boosts Employee Benefits Practice in Dallas
Turley and Wilkerson join from K&L Gates.
McDermott Will & Emery Snags Erin Turley and Allison Wilkerson, Boosts Employee Benefits Practice in Dallas
Turley and Wilkerson join from K&L Gates.
Gibson Dunn Bolsters Dallas Office with Litigation Partner Jeremy Brandon
Brandon was previously at Susman Godfrey, where he handled antitrust, class actions, intellectual property, shareholder/creditor derivative litigation and securities litigation.