Free Speech, Due Process and Trial by Jury
After what seemed a last-minute recusal in a case with millions on the line, the Texas Supreme Court asked for the governor's appointment of two temporary justices to break a probable stalemate in reaching a resolution in the Volkswagen emissions-cheating scandal case. Now the court must determine whether, as VW argues, the governor's commission of special justices poses due-process violations.
Sidley Austin advised the private equity firm, including partner Tim Chandler, who also led its sale of thermal power generation projects in New England to Japan’s JERA in May for undisclosed terms.
A handful of conservative Republicans are threatening corporate law firms operating in Texas with criminal prosecution, civil sanctions and even disbarment if they play any role in their Texas employees going out of state to get abortions. Texas Freedom Caucus accuses the global law firm Sidley Austin of being “complicit in illegal abortions” and assert the “consequences that you and your colleagues will face for these actions.” But leaders at several law firms tell The Texas Lawbook that the threats are “extreme political debauchery and legally dubious.”
A Houston appellate court has reversed a 2019 jury verdict that awarded European cosmetics distributor Benelux Cosmetics $2.7 million against Houston-based gel nail polish manufacturer GHP Nail Systems and its parent company. The decision by the Fourteenth Court of Appeals is a win for a group lawyers at Hicks Thomas and Wright Close Barger.
A final judgment in a commercial landlord-tenant dispute. Another juror contracts Covid-19, delaying trial proceedings for a second time. A group of Houston lawyers score big in Las Vegas. All that and more in this week's litigation roundup.
As Brazos Electric Co-op edges closer to a solution in its $1.9 billion bankruptcy case, the Waco-based power retailer is discovering the cost of getting a resolution is not cheap. The lawyers and financial advisors working on the Brazos restructuring for the past 15 months have already billed nearly $80 million for their services, according to court records. The final price tag will likely exceed $100 million, according to lawyers involved in the case. The Texas Lawbook has the details.
Famed ice cream maker Ben & Jerry’s sued Conopco, a subsidiary of parent company Unilever, in Manhattan federal court Tuesday morning alleging a deal Unilever struck regarding sale of the company’s ice cream in the West Bank violates their 2000 merger agreement. The lawsuit, filed by AZA, presents a conflict between the prerogative of Ben & Jerry’s independent board to make decisions about its social missions and its parent company’s authority over finances and operations.
Brazos Electric Power Cooperative has reached an agreement in principle with most of its creditors that could result in the Waco-based power supplier exiting bankruptcy by fall. The agreement, which has the support of ERCOT and power generators such as Calpine, calls for Brazos to sell some assets, provides concessions from the power generators and allows Brazos to exit bankruptcy with its co-op structure. But there are still major hurdles ahead.
The platform will be 80 percent owned by the private equity giant and 20 percent owned by the company, freeing up capital that can be used elsewhere.
Vinson & Elkins is rocking what seems like a deal a day these days; sometimes two. Of late, Houston partner Steve Gill has been carrying the V&E banner for what sometimes seems like a firm cast of thousands. This week's CDT Roundup spotlights a couple of his recent transactions, along with the other Texas lawyers who reported more than $8 billion in deals last week.
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