DBJ: Property Owners, Dallas Developer Battle on Shores of Possum Kingdom Lake
With the help of a deep-pocketed backer, property owners are duking it out with the owner of the resort, who says he has been unfairly targeted.
Houston Judge Orders Ex Execs to Pay Superior Energy $72M in Global Kickback Saga
A state district judge in Harris County has ordered two former executives of a Superior Energy subsidiary to pay $72 million, after a jury ruled in December that they committed fraud, breached their fiduciary duties and misappropriated trade secrets against their former company. Natalie Posgate reports.
Judge Allows Neiman’s Defamation Suit Against Marble Ridge to Continue
A Dallas judge has declined to dismiss a lawsuit by Neiman Marcus that alleges hedge fund Marble Ridge Capital hurt its business by issuing defamatory and false statements about Neiman being in default with its indentures.
Jared Levinthal’s Peachy, Perfectly Pleasant, Potentially Profitable Good Week
After a week of perfect spring weather, a 20-year anniversary and a $15 million coda to a fraud trial that had lasted nearly a fortnight, Houston lawyer Jared Levinthal was ready to celebrate a very, very good week.
K&L Gates Wins Defense Verdict for Range Resources, Breaks 21-Year Record
The unanimous verdict does far more than exonerate Range from the $17.5 million that the plaintiff royalty owners had sought. The verdict also marks the first time in 21 years for a producer to win a case tied to Oklahoma’s marketable product rule. Litigation writer Natalie Posgate explains.
A Fully-Funded Feud Emerges at Kainos Capital
What began as a bitter legal dispute between Kainos Capital and one of its co-founders exploded into a bitter full-fledged feud Tuesday after the Dallas private equity firm filed a countersuit in Delaware. The company alleges that the original suit, filed by one of its co-founders, was timed to inflict as much damage on Kainos as possible. Natalie Posgate explains. (Editor's Note: this is an in-depth update from an earlier version of the article).
Second Part of Neiman Marcus-Marble Ridge Battle Commences in Court
A Texas judge is considering whether she should end the legal battle between Neiman Marcus and Marble Ridge Capital or further entertain the possibility that the hedge fund issued defamatory statements about Neiman Marcus that hurt its business.
Ex-Employee’s Lawsuit Accuses Intercontinental Terminal of Dumping Waste During Harvey
Intercontinental Terminal Co., the company responsible for this week’s black plume in Houston’s sky, was sued in February 2018 by its former hazardous waste specialist for gender discrimination. In December, the lawsuit was amended her compliant to include allegations that the company intentionally released more than a million gallons of hazardous waste into flood waters during Hurricane Harvey to save money. The Houston Chronicle has details.
Judge Dismisses Marble Ridge’s Lawsuit Against Neiman Marcus
A Dallas County judge on Tuesday dismissed a lawsuit filed against Neiman Marcus that alleged the Dallas-based luxury retailer engaged in a $1 billion fraudulent transfer that harmed Marble Ridge, a creditor.
Trump Nominates Justice Ada Brown to Federal Bench in NDTX
The nomination marks last needed in the pursuit to fill the five vacancies that are currently in the U.S. District Court for the Northern District of Texas. Statewide, there are 12 judicial vacancies in the federal district courts.