A proposal by Southern Methodist University to move the four buildings that comprise Dedman School of Law to a new campus east of U.S. 75 has ignited blowback from students and alumni caught off-guard by the swiftness and apparent secrecy behind the move. (Photo courtesy Southern Methodist University)
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Texas Business Owner to Pay $5.7M for Workplace Sexual Harassment
This week, Dallas County Judge Sally Montgomery ordered the longtime owner and president of Home Marketing Services to pay $5.7 million for workplace sexual harassment. The findings of fact were handed down Monday. A six-day bench trial concluded last month.
K&L Gates Moves to New Dallas Digs in Uptown
The firm, which called Comerica Bank Tower home for close to four decades, is also consolidating its Fort Worth office with the relocation. The move coincides with a “very concerted” growth initiative in Texas.
Thought Leadership: Essential Considerations for Cryptocurrency in Estate Planning
Digital assets are no longer on the margins of wealth management. Today, cryptocurrency represents a meaningful portion of many estates, from Bitcoin and Ethereum to non-fungible tokens (NFTs), stablecoins and illiquid tokens. According to an article published by State Street Investment Management, 31% of high-net-worth investors hold crypto. With that shift comes a new reality: estate plans that don’t account for digital assets are incomplete.
Litigation Roundup: Fight Between Texas AG, Johnson & Johnson Expands
In this edition of Litigation Roundup, the state of Texas secures a temporary restraining order against Johnson & Johnson from a judge in rural West Texas. The order came a few days after the pharmaceutical company asked a Travis County judge to bring an end to what it said were four retaliatory investigations launched after Johnson & Johnson got a win in Tylenol-related litigation the attorney general initiated in rural East Texas.
Antero Resources and Antero Midstream Buy/Sell in Four Appalachian Basin Deals Totaling $5.1B
Antero Resources and its midstream provider Antero Midstream announced Monday (Dec. 8) their separate but coordinated acquisitions of Marcellus Basin assets from HG Energy II and HG Energy totaling $3.9 billion.
In two more similarly separated and coordinated announcements, Northern Oil and Gas and Infinity Natural Resources said they are acquiring a total of $1.2 billion of Utica Shale with Antero Resources and Antero Midstream on the sell side.
Gibson Dunn, Kirkland, Latham and V&E advised on the various transactions.
Jury Awards $10.45M to Woman Injured at Work Event
A Kaufman County jury found the corporate outing at Cornerstone Ranch was not properly planned and led to Felissa Gamero being struck in the hand with a 9mm projectile and needing surgery.
Ex-VP of Wichita Falls Bank Gets 4 Years in Pandemic Loan Scam
Kaylee Ree Lunn pleaded guilty in July to wire fraud, admitting that she used bank customers’ financial data to apply for bogus loans under the government’s Paycheck Protection Program.
Houston-area Energy Executive Convicted in Scheme to Bribe Mexican Officials
Jurors in the court of U.S. District Judge Kenneth M. Hoyt found Alexandro Rovirosa guilty of conspiracy and violating the Foreign Corrupt Practices Act. A codefendant, Mario Avila, is a fugitive.
A Flavor for Every Sector Keeps Texas M&A Simmering
There was a little bit of everything in Texas M&A for the week ended Dec. 6, with 16 deals reported and a cumulative value of $9.9 billion.
And we do mean everything.
Industrial device manufacturing. Check. Texas bank consolidation. Check. Deals in the AI power generation ecosystem. Check. Billion-dollar Permian midstream deals. Check. Funding for defense drones. Check. Healthcare software. Check. Waste removal investment. Check. Variable PE swaps in school safety software, pool building, and HR assets. Check. And, of course, a few debt offerings reshuffling pandemic era debt. Also check.
That and more in this edition of CDT Roundup.