Free Speech, Due Process and Trial by Jury
Global investment firm Brookfield Asset Management acquired a 19.7 percent stake in Duke Energy Florida for $6 billion. The utility plans to use proceeds to further its energy modernization strategy and reduce debt. Kirkland & Ellis and Skadden Arps advised.
A West Texas justice of the peace, sheriff and constable walked into a Fifth Circuit courtroom. No joke. This is the story of six residents of Loving County — together, they account for about one-tenth of the county’s total population — who took their decade-long political dispute over allegations of voter intimidation, jury fraud, “lawfare” and even cattle rustling and turned it into a billion-dollar civil rights litigation. Such is life in Loving County, population 64, but only one lawyer. (2021 file photo by David Goldman/AP)
In this edition of Litigation Roundup, Phillips 66 must pay $195 million in exemplary damages — on top of nearly $605 million in compensatory damages — in a trade secrets case in California, a federal judge in East Texas sides with female athletes at Stephen F. Austin State University who brought a Title IX lawsuit after the university announced it would end several women’s sports programs, and Amazon is the latest target of a company accusing retail behemoths of infringing barcode technology.
A Texas attorney served as lead counsel in what could be a $2 billion settlement in New Jersey with chemical giants DuPont, Chemours and Corteva, marking the largest environmental recovery for a single state’s claim in U.S. history, according to New Jersey officials. (File photo by Joshua A. Bickel/The Associated Press)
The week ending Aug. 2 saw 17 transactions reporting values of $19 billion. You can compare that to last week's 15 deals for $3 billion or the 26 deals for $16 billion we reported this time last year. The news this week is the same news last week: It's all about AI infrastructure. The good news is that even those deals cut a healthy swath across emerging data-related business sectors. That and more in this edition of CDT Roundup.
Information technology company Sungard AS New Holdings has asked the court to approve a $385,000 settlement it reached with Jackson Walker that would end its bankruptcy fee dispute with the Dallas-based law firm. This marks back-to-back weeks companies involved in the bankruptcy fee dispute have asked the court to approve settlements with the firm.
Marking their first investment in a $50 billion joint venture campaign announced last year, Energy Capital Partners and KKR said Friday they are investing $4 billion into the development of a data center campus in Bosque County, about 75 miles southwest of Fort Worth. Kirkland & Ellis advised on the JV.
MPLX said Friday it has agreed to pay $2.375 billion in cash to Houston-based Five Point Infrastructure for Northwind Delaware Holdings, a New Mexico sour gas gathering, treatment and processing service operating in the Permian Basin. Latham & Watkins advised Five Points on the transaction.
Seeking to expand its presence in the surge of data center development, Quanta Services, a Houston-based platform for industrial energy and power services, announced Thursday the completion of its acquisition of mechanical and plumbing specialists Dynamics Services for $1.35 billion. King & Spalding advised on the deal.
Texas’s 2025 legislative session marked a major shift in land‐use policy. With Gov. Greg Abbott’s signature on SB 840, the state joined a broader wave of reforms aimed at unlocking housing supply by curbing municipal zoning and regulation. These laws will work in concert to dismantle longstanding barriers to multifamily development by streamlining conversions of commercial properties, raising the bar for rezoning protests and reducing lot‐size mandates. Together, these measures represent one of the most sweeping efforts to expand housing options and revive underused urban assets in Texas cities.
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