Phillips 66 Sells Stake in Swiss Venture for $1.24B
As part of a promised $3 billion in divestitures, P66 is selling off its minority share in Coop Pronto, an operator of food-and-gas locations across Switzerland.
Pharmacy CEO Convicted on All Counts in $160M Medicare Fraud Trial
Mohamed Mokbel was convicted on 15 charges for his role in what prosecutors said was a multipart scheme to defraud the government that involved deceiving doctors and patients, too. Mokbel, former CEO of 4M Pharmacies, argued all he was guilty of was trying to compete with the powerful pharmacy benefit managers, entities that manage prescription drug programs for health plans and control 80 percent of the market. The panel of 12 deliberated for about five hours Tuesday before returning the unanimous verdict.
Fort Worth Jury Awards American Airlines $9.4M in Suit Against Bargain-Fare Site Skiplagged
After deliberating for parts of two days, jurors in the court of U.S. District Judge Mark T. Pittman ordered Skiplagged Inc. to pay American Airlines $4.7 million in damages for copyright infringement, and another $4.7 million in disgorged profits.
Litigation Roundup: A $2.2B Zantac Settlement and More
In this edition of Litigation Roundup, Big Oil is denied its request to bring an early end to a climate suit in California, Marriott reaches a data breach settlement with all 50 states, and we bring you details of the $2.2 billion settlement GlaxoSmithKline reached to bring an end to thousands of Zantac lawsuits.
Secret Courthouse Romance, Ethics Investigations, Tens of Millions in Legal Fees: The SDTX Bankruptcy Scandal One Year Later
Houston Bankruptcy Judge David Jones’ voice was filled with emotion one year ago today in an interview with The Texas Lawbook. “I don’t know. I don’t know. I don’t know what is going to happen next. I just don’t know. I guess I have to resign.”
The Fifth Circuit had just published notice that it was investigating possible misconduct by Judge Jones over allegations that he had been involved in a multiyear secret romance with a former bankruptcy partner at Jackson Walker. The firm had been paid more than $20 million — fees often approved by Judge Jones — for its role in dozens of high-profile bankruptcies in which Jones served as judge or mediator. Jones officially resigned Oct. 15, 2023. The 365 days since have been pure chaos in the Houston bankruptcy courts, which is one of the three busiest courts in the nation for business bankruptcies.
“The whole thing is a mess, a complete fiasco,” said former UNT Dallas law dean Royal Furgeson. In a first-ever detailed timeline of the events of the past year and several years prior, The Lawbook documents a scandal about romance, secrecy, tens of millions of dollars in legal fees and ethical lapses that have engulfed the bankruptcy courts in Houston.
CDT Roundup: 17 Deals, 12 Firms, 150 Lawyers, $8.4B
Chevron's announcement last week of a $6.5 billion divestiture of a couple of Canadian upstream interests reminded us that the California company is on the verge of relocating its C-Suite to Houston. But included, along with the household furniture and company file cabinets, is an ongoing beef with their new Texas neighbors, Exxon Mobil, over Chevron's proposed $53 billion merger with Hess Corp. The CDT Roundup catches up with recent developments regarding the disputed merger, along with the usual list of firms and lawyers behind last week's Texas-related transactions.
Prosecutors Must Narrow Charges in Criminal Suit Over West Texas Hydrogen Sulfide Death After Successful ‘Multiplicity’ Challenge
Aghorn Operating had argued the government was charging it three times for the same death, while prosecutors argued that each count related to an alleged violation of a different environmental law and that forcing it to narrow the charges would cut against the legislative intent and “undermine the deterrent value of the OSH Act.”
U.S. District Judge David Counts became the first federal judge in history to interpret the contours of a multiplicity challenge — that is, an argument that the Department of Justice is impermissibly spreading a single offense over several counts — related to alleged violations of the Occupational Safety and Health Act resulting in an employee’s death.
Jury Deliberating in AA’s Trademark Suit Against Skiplagged
The airline is seeking at least $19.9 million in actual damages from the online company that promotes bargain-priced ‘hidden city’ ticketing. Skiplagged Inc. argues that American failed to prove there was infringement of its trademarks and deserves nothing.
Lawyer for Foster Care Children Will Appeal Fifth Circuit Rejection
The lead lawyer for tens of thousands of foster care children in Texas said Sunday that he will appeal a decision handed down Friday by a federal appeals court removing the federal judge who has overseen the litigation for 13 years and whose orders have forced Texas officials to greatly improve how they investigate accusations of abuse in the state’s foster care system.
Houston trial lawyer Paul Yetter told The Texas Lawbook in an interview Sunday that he believes the opinion by the three-judge panel of the U.S. Court of Appeals for the Fifth Circuit focuses too much on procedure and not enough on specific evidence involving dozens of mentally challenged and disabled children in the foster care system who remain in serious danger because of the lack of attention from Texas officials.
Fifth Circuit Reverses Sanctions Against Texas in Foster Care Case, Removes Trial Judge
A three-judge panel of the U.S. Court of Appeals for the Fifth Circuit in a decision issued late Friday blasted the federal trial judge overseeing the litigation over the allegedly disgraceful conditions of the Texas foster care system for telling lawyers for the state of Texas that “doesn’t hurt” for state officials to “go over and above the minimum standards for protecting Texas children. The federal appeals court panel said that U.S. District Judge Janis Jack has made courtroom remarks that “implied bias” that “raise serious questions concerning … the appearance of justice.”