Oklahoma City-based Gulfport Energy Corporation has agreed to purchase Paloma Partners, III from Houston-based Paloma Resources for $300 million.
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Texas Rangers Corporate Counsel Kate Cassidy has a Room with a View
Lawyers often boast about the view from their office windows, but none can match the scene from Kate Cassidy’s desk: home plate at Globe Life Park in Arlington. Baseball is in her DNA. Her father was a catcher in the Minnesota Twins farm system. She was sitting in the centerfield bleachers when Kenny Rogers pitched a perfect game.
“My job is very similar to lawyers who work in just about any corporate legal department, except..” Cassidy says. “I love baseball.”
Updated – IRS Hits Wylys with ‘Unprecedented’ $3 Billion Tax Bill
The IRS levied a record-setting $3.2 billion tax bill Wednesday against Dallas entrepreneur and philanthropist Sam Wyly and the estate of his brother, Charles Wyly. The IRS claims Sam Wyly owes $2 billion in back taxes, penalties and interest from income generated from trusts that the brothers established in the Isle of Man more than two decades ago.
“The IRS figures are baloney,” Sam Wyly told The Texas Lawbook. “We believe the IRS figures are so absurd as to undermine the credibility of the IRS.”
Prescription for Preemption: Texas High Court Strikes Down Hurdles To Arbitration In Care Provider/Patient Agreements
A few weeks ago, the Texas Supreme Court issued a landmark holding for health care providers seeking an easier path to arbitration. The justices essentially overturned a state law that placed onerous requirements on care providers seeking to require potential patients to prospectively submit disputes to arbitration before agreeing to admission at a facility. This article is an analysis of the decision and the impact it will have on health care providers.
I can fly it for fun—why not for profit?
Proposed FAA Rules For Unmanned Aerial Vehicles
Every week it seems another business is using unmanned aerial vehicles. So why is your company still grounded? That could change soon. This article takes an in-depth look at the FAA’s proposed rules for small UAS and how they might affect companies eager to monetize this promising new technology. The FAA’s comment period ends April 24.
I can fly it for fun—why not for profit? Proposed FAA Rules For Unmanned Aerial Vehicles
Every week it seems another business is using unmanned aerial vehicles. So why is your company still grounded? That could change soon. This article takes an in-depth look at the FAA’s proposed rules for small UAS and how they might affect companies eager to monetize this promising new technology. The FAA’s comment period ends April 24.
I can fly it for fun—why not for profit? Proposed FAA Rules For Unmanned Aerial Vehicles
Every week it seems another business is using unmanned aerial vehicles. So why is your company still grounded? That could change soon. This article takes an in-depth look at the FAA’s proposed rules for small UAS and how they might affect companies eager to monetize this promising new technology. The FAA’s comment period ends April 24.
Is Mike Wortley Having a (Very Late) Mid-life Crisis? No, Just Retiring from V&E and Becoming a GC
During the past 37 years, Mike Wortley crafted billion-dollar deals involving radio stations and dress pants, semi-conductors and oil companies. He was the lead lawyer in more than 120 major mergers, acquisitions and IPOs that had a combined value of more than $250 billion.
“Simply put, Mike Wortley is a legend,” said Rick Lacher of investment bank Houlihan Lokey.
Last week, Wortley retired and became the chief legal officer at Reata Pharmaceuticals.
Is Mike Wortley Having a (Very Late) Mid-life Crisis? No, Just Retiring from V&E and Becoming a GC
During the past 37 years, Mike Wortley crafted billion-dollar deals involving radio stations and dress pants, semi-conductors and oil companies. He was the lead lawyer in more than 120 major mergers, acquisitions and IPOs that had a combined value of more than $250 billion.
“Simply put, Mike Wortley is a legend,” said Rick Lacher of investment bank Houlihan Lokey.
Last week, Wortley retired and became the chief legal officer at Reata Pharmaceuticals.
Commission Supports Veterans’ Access to Justice
The Champions of Justice Gala Tuesday in Austin raised $401,000 to support legal aid for veterans. That’s the good news. The bad news: Texas has nearly 1.7 million veterans, and resources are not sufficient to meet their demand for legal services. “Getting aid can make the difference between life and death,” said Harry Reasoner, chair of the Texas Access to Justice Commission. And while the gala brought together diverse groups of the legal community, the Vinson & Elkins attorney encouraged the state’s lawyers to do more.
The Texas Lawbook has the scoop and photos from the gala.