Crescent Captures SilverBow Resources for $2.1B
Vinson & Elkins counseled Crescent, which counts KKR as a major investor, and Gibson Dunn advised SilverBow on the deal, which builds scale in South Texas' Eagle Ford shale.
Office Manager for Imprisoned Telemedicine Exec Points Finger at Texas Doctor in Phony Prescription Scam
“If I sent him 25 prescriptions, within 20 or 30 minutes, they were signed,” the onetime employee of Sunrise Medical Inc. of Florida told jurors in the Dallas trial of Dr. David M. Young.
Dallas Trial Begins for Physician Indicted in $39M Medicare Fraud
Dr. David M. Young of Fredericksburg, Texas, is accused of electronically prescribing orthotic devices and genetic tests for thousands of patients he never met. U.S. District Judge Brantley Starr told the 14 jurors and alternates chosen Tuesday that the trial is expected to take about two weeks.
CDT Roundup: 22 Deals, 14 Firms, 227 Lawyers, $14.9B
The $6.2 billion take-private sale of Minnesota utility Allete to a joint venture of the Canada Pension Plan Investment Board and Global Infrastructure Partners would be noteworthy if just for the price tag alone. But a closer look reveals a common bond among the lawyers involved that graduates from noteworthy to extraordinary. The Roundup's Claire Poole takes that closer look, along with her usual list of Texas-related transactions reported last week.
Litigation Roundup: American Airlines Sued Over In-Flight Death of Teen
In this edition of Litigation Roundup, a mother from the Bronx sues American Airlines in federal court in Fort Worth over the in-flight death of her 14-year-old son, USAA is accused in a proposed class action lawsuit of covertly operating a two-tier benefits system and a divided ruling from the state’s court of last resort for criminal cases makes a surprise appearance in this civil courts-focused article.
Texas GCs: Litigation Spend Soars in Post-Covid Era
Litigation spend by Texas companies with revenues of $1 billion or more reached an average of $3.9 million, according to Norton Rose Fulbright’s 19th annual trends survey of corporate general counsel. Two top lawyers from the firm discussed with The Texas Lawbook what is driving up the costs.
Phillips 66: Taking Two Deals to Take a Midstream Private
When Jenarae Garland arrived as a new managing counsel at Phillips 66, she could be excused for not being fully prepared for the part she would come to play in the $3.8 billion take-private purchase of DCP Midstream LP. She was the junior member of a three-attorney team leading the deal, ranking behind Deputy General Counsel Rob Task and Managing Counsel Maine Goodfellow. Along with their outside counsel Bracewell, the deal has also resulted in their nomination as finalists for 2024 M&A Transaction of the Year by the Association of Corporate Counsel's Houston Chapter and The Texas Lawbook.
Houston Not Liable for Cop Car Crash with Bicyclist
Justices decided the first of three cases that test cities’ immunity when officers were involved in vehicle crashes while responding to calls for service. The court dismissed a wrongful-death case filed by the family of a Houston bicyclist killed by a cop car speeding at night without emergency lights and sirens. The court found that the officer acted in good faith while responding to a suicide in progress call.
P.S. — A Special Lawbook Foundation Announcement, A Five-digit Law School Scholarship & A Six-digit College Scholarship
This week’s edition of P.S. features an award-winning environmental justice paper that earned a University of Houston law student a law firm-sponsored scholarship, an upcoming cluster of scholarships worth $150,000 that will be awarded to graduating high school seniors by a Dallas law firm, info on The Lawbook’s new pro bono advocacy award honoring a great pro bono legend in the state and a thank-you note from the Texas Lawbook Foundation to recent donors.
Plus: how to get a charitable deduction by donating to the Texas Lawbook Foundation if the recent tax season bummed you (and your wallet) out.
Texas Supreme Court Reverses $12M Verdict Due to Racially Biased Closing Argument
The Texas Supreme Court reversed a $12 million jury verdict on Friday because the plaintiffs’ lawyer during closing arguments injected the idea of racial and gender bias as a possible reason that the defendants wanted reduced amounts awarded to the plaintiffs, one of whom is an African American woman. The justices said the plaintiffs’ lawyer injected “inflammatory argument that was uninvited and unprovoked” in his final comments to the jury that essentially accused opposing counsel of race and gender discrimination when no evidence of either existed in the trial record.