After a November hearing on a motion to dismiss, the two stock exchanges were sent to mediation. Almost a month later, the mediator announced the Texas Stock Exchange and the Toronto Stock Exchange have come to a resolution in mediation and have until January to file dismissal.
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ACC-DFW 2025 M&A Transaction of the Year Finalists Announced
The Association of Corporate Counsel’s DFW Chapter and The Texas Lawbook have announced that the corporate legal departments at Celanese and Comerica are the two finalists for the 2025 DFW Corporate Counsel Awards for M&A Transaction of the Year.
The DFW Corporate Counsel Awards honor in-house lawyers for their extraordinary legal and business successes during the past year.
Fifteen Deals, $10 Billion and a Few Accounting Quirks
For the week ended Dec. 13, the CDT Roundup saw 15 deals reported with a total value of just under $10 billion. At this time last year, we saw 15 transactions come across our desks with an aggregate value of $5.3 billion.
In M&A, this edition of CDT Roundup includes a handful of energy-related deals with a shuffling of midstream assets, Texas solar projects selling minority stakes and some offshore rigs trading hands.
And on the CapM side: a SPAC IPO, a nearly $1 billion private placement, a stock buy-back and a post-merger holiday cleanup on the Constellation-Calpine aisle.
Dallas Fed Survey Reveals Anxiety in Manufacturing, Services and Retail
The latest tranche of Texas Business Outlook Surveys from the Dallas Fed was released and the outlook self-described — at least among the Texas manufacturing, services and retail sectors surveyed — is not one of unbridled optimism. Kevin Henderson, a founding partner of SMB Law, says, “We still see a ton of M&A activity in the SBA space, but when talking to current business owners, things are definitely not as rosy as they have been in the past in terms of excitement on outlook. People are nervous about tariffs and overall economic impact and how it will affect their businesses.”
New Mexico Jury Slams Michelin with $220M Verdict in Defect Case
A jury in New Mexico sided with a Texas family on Friday, agreeing a defect in a Michelin tire was to blame for an incident that left three people dead. The lawsuit was filed in New Mexico district court in San Miguel County against Michelin North America and Discount Tire Company of New Mexico in 2021.
Dallas Jury Awards $44.2M in I-35 Pileup Trial
In a 10-2 decision reached after deliberating over two days, a jury in Dallas County last night determined New Prime and its driver owe $44 million in damages to the family of a man who was killed during a fatal pileup on an icy Interstate 35 in February 2021.
P.S. — Texas Attorneys Step in as Santa for Kids in Need, Kiosk in Travis County Boosts Access to Legal Aid
Holiday giving is in full swing across Texas law firms, with many stepping up to ensure kids across the state have gifts waiting for them. In Houston, the Holland & Knight office “adopted” a whopping 141 children through the Houston Young Lawyers Foundation’s drive. Boutique law firm Ahmad, Zavitsanos & Mensing set a firm record by adopting 56 children among 35 volunteers. The Texas Lawbook‘s Krista Torralva and Elle Grinnell cover that and more in this edition of P.S.
Judge Isgur Says Trustee’s Settlement Demand in D&O Insurance Dispute ‘Reasonable,’ Insurer’s Refusal ‘Wrongful’
A federal bankruptcy judge in Houston has determined that while a litigation trustee’s $4.65 million settlement demand is reasonable, the court cannot compel Relm Insurance Ltd. to fund the within-limits settlement.
Houston’s U.S. Attorney Wins Key Senate Vote for Federal Judgeship
The nomination of Nicholas Ganjei to the bench of the Southern District of Texas goes next to the full Senate, where swift approval is expected. Ganjei, currently the Southern District’s top federal prosecutor, is a former chief counsel to Sen. Ted Cruz.
Houston Suit Against Dollar Tree Over Ejaculation Incident Alleges Nationwide Pattern
Houston personal injury attorney Anna Greenberg represents four women who allege they were ejaculated on while shopping at Dollar Tree stores — one in Miami, one in San Diego, a client in Colorado Springs who was shopping with her mother and 2-year-old child, and one in Houston.
“I would say it’s a uniquely vile sex crime, and my clients are uniquely injured here because it’s happening to them in a public space,” Greenberg told The Texas Lawbook in a recent interview. “They are customers at a store, minding their own business and often are approached from behind and don’t know what’s happening to them until it’s too late.” (Photo by Erik McGregor/Sipa USA via AP Images)