For some, it may be too soon to talk about it, but business leaders are already weighing in on how their industries might be impacted by the election results. In one of the first survey’s we’ve seen, Endeavor Business Intelligence deployed a short questionnaire to U.S. business leaders on their perceptions of the upcoming change in administrations. There were 160 respondents, not bad for a one-week project; and the answers proved more complex than one might expect. That and the usual review of last week’s reported transactions.
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ONEOK to Complete Its Takeover of EnLink Midstream with $4.3B All-Stock Deal
Kirkland & Ellis advised ONEOK and Baker Botts advised EnLink on the transaction in which ONEOK acquires the 56 percent of EnLink it doesn’t already own. The deal finishes off an $11.6 billion flurry of transactions by the Tulsa-based midstream.
Blackstone Buys Into JV with EQT for $3.5B
Kirkland & Ellis and Milbank are advising the two of the joint venture, which will involve three midstream assets in the Appalachian Basin including the Hammerhead Pipeline and the Mountain Valley Pipeline systems.
New Trial Order Predicated on Juror Misconduct Allegations Undone in Nissan Products Liability Case
A jury had sided with Nissan in March, issuing a take-nothing verdict in the lawsuit brought by Deana A. Rios following the April 2022 death of her husband. In a 46-page opinion issued Thursday and authored by Chief Justice Terry Adams, the panel held Harris County District Judge Fredericka Phillips had abused her discretion by granting Rios a new trial, in part by relying on inadmissible testimony from some of the jurors about deliberations in the case.
Kirkland, Haynes Boone, A&O Shearman Lead Northvolt AB Bankruptcy in SDTX
Swedish-based electric car supplier Northvolt AB filed for Chapter 11 bankruptcy protection in the Southern District of Texas Thursday. The case has been assigned to U.S. Bankruptcy Judge Alfredo Perez.
Blackstone’s ‘Rushed’ $788M Sale of Energy Company Kicks Off Docket of Dallas Business Court
Oral arguments on a motion for summary judgment, pitting Kirkland & Ellis against Susman Godfrey, are believed to be a first for the newly created court.
P.S. — Oncor GC Matt Henry: ‘We Can Do This!’
The Dallas Bar Association’s annual Equal Access to Justice Campaign is hitting crunch time in its efforts to raise $1.25 million for legal aid for the poor and disadvantaged. More than 50 lawyers, law firms and corporate legal departments have already donated between $5,000 and $25,500. The State Bar of Texas has awarded its annual Minority Counsel honors. The personal injury law firm J.D. Silva & Associates is giving away 500 new winter coats.
Judge Isgur Tosses Insurers’ $1.3B Claims Against Zachry, Chiyoda
According to audio of the hearing available on the docket, Judge Isgur told counsel for the insurers about four minutes before he issued an oral ruling from the bench dismissing the subrogation that he wasn’t inclined to adopt his arguments. “I’m not even following a little bit of your argument, just so you know,” he said. “It seems obvious that you’re wrong.”
Hecht, Yes! Longest-serving SCOTX Member Had Unparalleled Impact on Business Litigation, Legal Aid
Not since the frontier days when Texas jurisprudence was being developed from Spanish law has there been a Supreme Court justice as influential as Nathan Hecht. While serving on the court for 35 years as a justice and chief justice, Hecht was a leader in the court’s transition from a plaintiffs-oriented body to one that pleased the business community with skepticism about large jury verdicts in tort cases. He played key roles in writing procedural rules that make litigation more efficient and vigorously advocated for civil legal services funding. As the longest-serving judge in Texas history hangs up his judicial robe due to state-mandated retirement, he recalls elections past and decisions that helped shaped the current court.
Judge Cuts $2.17M Jury Award in SkyWest Airlines Sexual-Harassment Case to $300K, as Prescribed by Law
In accordance with federal damages caps, U.S. District Judge Sidney A. Fitzwater on Thursday reduced a jury’s $2.17 million verdict against SkyWest Airlines to $300,000.