Enagás Exits Tallgrass in $1.1B Deal with Blackstone
The deal follows Blackstone's purchase last month of Phillips 66's interest in REX, and further consolidates Blackstone control of more than 7,000 miles of midwest oil and gas pipeline.
CDT Roundup: 11 Deals, 11 Firms, 95 Lawyers, $3.9B
Deals are deals, unless they turn out not to be. The proposed $4 billion acquisition of Houston-based Mattress Firm by rival Tempur Sealy seemed like a deal. But the Federal Trade Commission last week voted 5-0 to stop the negotiations and sought to do so in a Houston federal court. The FTC complaint contains the usual language about protecting the U.S. consumer, but it also features allegations of retail bullying by Tempur Sealy along with 182-redactions to back that up. A discussion of that, and the usual fare of Texas-related deal summaries and the firms and lawyers involved, is in this week's CDT Roundup.
Litigation Roundup: Injunctions Against Federal Agencies Mount
In this edition of Litigation Roundup, we look at the lawyers who helped secure recent rulings barring the federal government from regulating horseracing and from enforcing bans on both noncompete agreements and LNG export approvals.
Devon Energy Acquires EnCap Bakken Assets for $5B
Kirkland & Ellis and Vinson & Elkins advised on the upstream/midstream deal which includes more than 300,000 acres and a 950-mile gathering system. It marks the third major upstream transaction by Houston-based EnCap Investments in the past month.
Texas Lawbook Hires Jeff Schnick as Editor
The Texas Lawbook has hired longtime business journalist and editor Jeff Schnick as its new editor. Schnick, 45, is the former editor of the Dallas Business Journal and a former assistant business editor at The Dallas Morning News. He will oversee a news team of nine reporters who cover business litigation and trials, corporate mergers, acquisitions and capital markets, law firm management and business bankruptcies.
“We’re working persistently to make our news product more comprehensive across all our coverage areas, as well as to ensure that our premium subscribers are offered more exclusive data and stories,” Schnick said in a Q&A, where he discusses his background, his passion for newspapers and his plans for enhancing Lawbook content.
Power Struggle Underway in AT&T Data Breach MDL
In early June, the U.S. Judicial Panel on Multidistrict Litigation transferred to U.S. District Judge Ada Brown a group of proposed class action lawsuits brought by dozens of lawyers over the AT&T data breach. Lawyers representing the plaintiffs — who are among the 73 million current and former customers who had their personal information released on the dark web — are already jockeying for leadership positions in the sprawling litigation.
P.S. — Lawyer Joins PUC; DBA Takes Home Slew of Awards
This week’s edition of P.S. includes an upcoming inaugural convention in Houston aimed at supporting and empowering Asian Americans and Pacific Islanders, a series of awards recently received by the Dallas Bar Association and the 4/11 on the PUC’s newest board member, who happens to be a lawyer.
Iconic Texas Department Store Chain Neiman Marcus Sold to Saks for $2.65B
Willkie Farr advised the buyer while Sullivan & Cromwell assisted the Dallas-based seller, which Vogue once noted, "is Texas with a French accent."
Jury Awards $18M to Houston Lawyer Injured in Wreck
John Scott, formerly of Scott, Clawater & Houston, his wife and son were seriously injured in a wreck while visiting family for Christmas in 2020. A Dallas County jury determined a drunken driver was liable after a four-day trial.
Motions Fly, Ex-Judge to be Deposed in SDTX Bankruptcy Court Romance Scandal Litigation
The litigation regarding the secret relationship between former Houston Bankruptcy Judge David Jones and former Jackson Walker partner Elizabeth Freeman heated up Tuesday when the U.S. trustee seeking to claw back $13 million in legal fees from the Texas law firm asked Southern District of Texas Chief Bankruptcy Judge Eduardo Rodriguez to reject Jackson Walker’s “no harm, no foul” defense and Jackson Walker won the battle to depose Judge Jones as part of its defense against the trustee’s efforts.
At the same time, in separate but related litigation, lawyers for former Bouchard Transportation Company CEO Morton Bouchard asked U.S. District Chief Judge Alia Moses of the Western District of Texas to reject the defendants’ motions to dismiss the racketeering and fraud lawsuit he filed earlier this year against Judge Jones, Freeman, Jackson Walker, Kirkland & Ellis and Portage Point Partners.