Baker Hughes Sells Waygate Technologies to Swedish Firm for $1.45B
Houston energy technology company Baker Hughes has agreed to sell its Waygate Technologies business to Hexagon, a Swedish measurement technologies firm, for about $1.45 billion cash.
Trial Begins in Breach of Contract Case Against Tellurian Founder
DENVER — What’s expected to be a five-day trial commenced Monday in U.S. District Judge William Martinez’s courtroom in the case between Chris Parker and Charif Souki over an alleged agreement not to sell Tellurian stock. The eight-member jury will decide whether a text message exchange is a binding contract.
Litigation Roundup: SCOTX Undoes New MedMal Trial Order, Calls for TUFTA Cases
In this edition of Litigation Roundup, a distributor of energy drink Alani is sued by the family of a 17-year-old girl who died after consuming the beverages, and Samsung tells a Texas judge the invalidation of a patent by a California judge means it's entitled to a new trial in a dispute that had ended with a $78 million verdict against it.
Energy Transfer, KBR, LyondellBasell, Plains All American & P66 Win Top 2026 Houston Corporate Counsel Awards
The Association of Corporate Counsel’s Houston Chapter and The Texas Lawbook announced Monday the recipients of the 2026 Houston Corporate Counsel Awards for Business Litigation of the Year, M&A Transaction of the Year, Creative Partnership, Corporate Legal Department of the Year, Lifetime Achievement and Rookie of the Year.
ACC Houston and The Lawbook disclosed the GCs of the Year, Senior Counsel of the Year, Harry Reasoner Pro Bono Advocacy and Achievement in Diversity and Inclusion honorees last week.
"The Houston Corporate Counsel Awards celebrate the exceptional legal talent driving business success across our city, honoring the in-house counsel who work tirelessly behind the scenes to protect and advance the companies and communities that make Houston thrive,” said ACC Houston President Emily K. Shields. “When accomplished lawyers take time to nominate a peer, it speaks volumes about the standard of excellence this recognition represents.”
CDT Roundup: Deal Flow Slows, but Debt Steps In to Fill the Gap
For the week ended April 11, the CDT Roundup saw 10 deals reported with a total valuation of just over $5 billion. The prior week had 11 deals reported with a total value of $33 billion, dominated by a $29.1 billion megamerger between food distribution giants Sysco and Jetro Restaurant Depot. A year ago at this time, the Roundup reported on eight deals valued at about $2.4 billion.
This week, however, credit and capital markets dominate the deal numbers. Maybe "dominate" is strong a word to describe three debt issues, a $167 million PIPE and a secondary equity offering that forced a dip in a company stock.
DOJ: Only President — Not Courts — Decides if Susman Godfrey is National Security Threat
The Trump administration is trying to persuade a federal appeals court to restore President Donald Trump’s executive orders against Houston-based Susman Godfrey and three other law firms, arguing that a president’s power to declare the firms national security threats is "unreviewable" by the courts.
Mavs Drop Tortious Interference Claim as Case Heads Toward Resolution
The Dallas Mavericks franchise filed notice that it was immediately dropping its tortious interference claim in its battle against the Dallas Stars. The move comes a week after the Texas Business Court denied the Stars’ five motions for summary judgment and granted the Mavericks' motion for declaratory judgment.
Texas Business Court Boots Fraud Suit Against Indiana Trailer Manufacturer
The Texas Business Court dismissed a fraud lawsuit against an Indiana-based trailer manufacturer, determining the dispute did not belong in Texas courts. Texas-based Daimler Truck Financial Services was seeking $28 million in damages.
Texas Lawbook Honors Sidley Austin Chair Yvette Ostolaza
Yvette Ostolaza grew up in an immigrant neighborhood in Miami, the daughter of parents who fled Cuba in the 1960s. She learned English from watching Sesame Street. As a young teenager, she lied about her age to get a job at Sears to make extra money for her family. When she announced that she wanted to be the first in the family to go to college, they told her she was crazy.
Four decades later, Ostolaza became the first Latina and first Dallas lawyer to lead a global corporate law firm — a position she has held since 2022 at Sidley Austin, a 2,300-lawyer firm with 21 offices and more than $3.7 billion in annual revenue.
The Texas Lawbook announced Thursday that it is awarding the first-ever Texas Lawbook Law Firm Leadership Award to Ostolaza.
Ares Management Buys Whitestone REIT for $1.7B
Alternative investment manager Ares Management Corp. said on Thursday that it has agreed to acquire Houston-based Whitestone REIT for $19 a share, or about $1.7 billion, in cash.
Kirkland is outside legal advisor to Ares and Whitestone's general counsel is Peter Tropoli.