Houston-based NRG Energy made news last week with their $5.2 billion acquisition Vivint Smart Home Inc. The deal included the assumption of $2.4 billion in debt, and was immediately unpopular with the market, but the company says the deal’s expansion of its retail utility product line is worth the price. The CDT Roundup has the lawyers behind that deal, as well as 13 others and a bonus Q&A with Latham partner Ravi Purohit, who has reported several high-profile deals in recent weeks.
In-House & Outside Lawyers Talk Need, Best Practices at Pro Bono Summit
A group of high-ranking in-house counsel and private practice pro bono specialists swapped stories and methods for how they’ve been able to achieve pro bono engagement and keep their lawyers incentivized to give back through pro bono. Plus, the in-house lawyers discussed their positions on partnering with law firms on pro bono projects.
Lawsuit: Elite Privately Owned Texas A&M Dorm ‘Contaminated with Toxic Mold’
A 19-year-old Texas A&M business student has sued the owner and operator of an upscale private dormitory called The Callaway House claiming that her room and other areas of the housing unit are contaminated with toxic mold.
Experts: The Present and Future Needs of the SEC’s Fort Worth Regional Office
The U.S. Securities and Exchange Commission is looking for a new sheriff to aggressively police corporations, cryptocurrency operations, hedge funds and thousands of investment brokers and dealers in Texas, Arkansas, Oklahoma and Kansas. Only a handful of people even qualify for the position, legal experts say.
“The challenge, though, will be to look around the corner for risks that are coming, which may depend on a number of unpredictable variables such as the economy, the markets and financial innovation,” said David Peavler, who resigned as SEC regional director last week.
Jury Awards Families of Fatal Crash Victims $12.1M
A Harris County jury awarded the money to the families of three individuals who were among six killed when a twin-engine plane crashed outside Kerrville in 2019. Deliberations took about five hours before the panel determined a Raymond James financial advisor who was piloting the plane was responsible for the crash and was on the clock at the time.
CDT Roundup: 26 Deals, 11 Firms, 172 Lawyers, $12.7B
There’s no surprise in the fact that global PE deals are down. With inflation, market volatility and geopolitical concerns, investors have become increasingly cautious and borrowers increasingly concerned, according to a new Mergermarket report. But there are also indications that some underlying changes are taking place in the PE pipeline. This week’s CDT Roundup has more on the Mergermarket survey, as well as the usual roster of lawyers who reported deals last week.
Litigation Roundup: Targa Wants $129M Award Axed, 5th Circ. Won’t Rehear Courtroom Prayer Case
In this week’s edition of litigation roundup, Targa Channelview files its opening brief with the Texas Supreme Court in a long-running $129 million fight with Vitol Americas, Maersk says its not responsible for cargo lost at sea and a former Abraham Watkins’ associate accused of taking files and clients from the firm fires back with an anti-SLAPP dismissal bid.
SEC’s David Peavler Joining Jones Day
David Peavler is following in the steps of his two predecessors who were regional directors of the U.S. Securities and Exchange Commission’s Fort Worth office. Peavler, in an exclusive interview with The Texas Lawbook, said he will join the Dallas office of the global law firm Jones Day as a partner leading the firm’s Texas securities litigation and SEC enforcement practice.
Peavler, who announced Thursday that he was resigning as the regional director of the SEC, is a huge catch for Jones Day because of his deep experience in the area of financial accounting and because he has prior experience as a corporate general counsel – the very people who hire Jones Day for legal advice.