IGT Spins Off Gaming/PlayDigital Units to Everi for $2.6B, Creating $6.2B Company
Dallas finance lawyers from Sidley counseled IGT, which plans on using a big chunk of the proceeds to reduce debt and focus on its lottery business.
Feel Familiar? Texas-related Capital Markets Activity Might Seem That Way
To no one’s surprise, energy dominated other capital market sectors in Texas-related activity.
Top Executives Sentenced for Roles in Kickback Schemes
U.S. District Judge Brantley Starr sentenced former Medoc Health Services Chief Executive Kevin Kuykendall and his wife, former vice president of finance, Sabrina Kuykendall on Wednesday. A poignant moment came from the judge at the conclusion of the hearing, when he addressed the Kuykendalls’ two adult sons who sat in the gallery.
Waco Jury Hits Google with $12M Infringement Verdict
U.S. District Judge Alan D. Albright presided over the trial that began with jury selection Feb. 15. Testimony began Feb. 20 and the jury returned its verdict Monday, determining Google had infringed five patents held by communications company Flyp with its Google Voice internet phone service.
Dallas Judge Rules Parkland Nurse Training and Employment Contracts Are Invalid
Judge Martin Hoffman dismissed Parkland Health’s claims against 10 of its former nurses who filed a motion for summary judgment. Several more nurses are still fighting the lawsuit. Hoffman said he wants to see how the appeals court justices rule in a similar case now before them.
As FW Trial Begins, Tax Preparer Pleads to $2.6M Scam
Federal investigators said Anthony Floyd of Kennedale, Texas, would tweak tax returns he prepared for clients, causing the government to overpay refunds, which he then pocketed.
Wish Granted for Judge Who Hoped for Reversal
A three-justice panel of the Fourteenth Court of Appeals issued an opinion reviving the lawsuit brought by the family of Carolyn Burford against her husband’s former employer, Alcoa Inc., over her allegedly fatal exposure to asbestos. At a hearing before dismissing the case, Judge Mark Davidson, who presides over the asbestos multidistrict litigation court in Harris County, had said he was “reluctantly” granting Alcoa’s no-evidence motion for summary judgment and hoped his ruling would be reversed on appeal.
Three Courts, Two Eviction Actions and One 11-Hour Move: How Four V&E Associates Kept a Pro Bono Client Off the Streets
It took six months, 177 pro bono hours, $167,000 of their firm’s resources, a U-Haul and an 11-hour move for a team of four Vinson & Elkins associates to secure a favorable resolution for their 74-year-old client who was facing eviction, but they never gave up. The V&E team recently spoke with The Lawbook about what made this case unusual from typical landlord-tenant disputes, why this pro bono matter was important to them and how the many twists and turns of the case mirrored some of their billable commercial litigation work.
“It took me days to figure out what the law on this was,” said Josh Jilovec, one of the lawyers on the case. “To expect a tenant to prepare a legitimate case in defense … it’s just a tall task.”
CDT Roundup: 19 Deals, 12 Firms, 248 Lawyers, $16.4B
Before Houston-based Intuitive Machines landed the first privately funded craft on the moon, they landed a merger partner and a major investor with the help of the Houston office of Latham & Watkins. This week, The Roundup looks back at those deals and the lawyers who worked on them — along with the $16 billion in Texas-related deals reported last week.
Litigation Roundup: Attorney Gets 50 Years for ‘Ponzi-like’ Scheme; A Look at Recent SCOTX Rulings
In this edition of Litigation Roundup, a few recent rulings from the Texas Supreme Court are highlighted, a San Antonio attorney charged with defrauding clients out of as much as $65 million over 20 years goes to prison, and cryptocurrency miners sue the Department of Energy over an effort to get data on energy use.