Michaels Acquired by Apollo Global in $5B Take-Private Deal
New York-based firms counseled The Michaels Companies in the transaction, which features a 47% premium for stockholders for the 1,275 store chain.
Alamo Drafthouse Files for Bankruptcy
The Austin-based movie theater chain — known as a pioneer for the dine-in-theater experience — is the latest indoor, consumer-oriented business to fall prey to the financial woes of the Covid-19 pandemic. Natalie Posgate details where the company filed and who from Texas has appeared in the case.
Appeals Court Reverses $1.2M Libel Judgment that Stemmed from a Yelp Review
A Texas appellate court has reversed a $1.2 million judgment against a marketing professional who wrote a negative Yelp review about a dentist who owed him money. The marketer's lawyers say the ruling is a win for both the protection of broad-form releases and free speech.
Waco Jury: Intel Infringed on VLSI’s Patents, Awards $2.175B
Jurors in the VLSI v. Intel patent infringement trial ended their deliberations shortly after noon today, awarding VLSI $2.175 billion. The patented technology is related to the speed and power-saving capabilities of computer chips. The Lawbook's Natalie Posgate has the details.
‘It’s an Outrageous Demand’: VLSI and Intel Talk Money and Credibility as Trial Closes
Jurors in the VLSI v. Intel patent infringement trial officially begin deliberations Tuesday morning over whether to follow the advice by VLSI’s lawyers given in Monday’s closing arguments to award their client billions of dollars or side with Intel that the requested damages are an “outrageous” amount and award VLSI nothing. Texas Lawbook litigation writer Natalie Posgate has the in-depth details.
Okin Adams Advises on Castex Energy ‘Chapter 22’ Bankruptcy
In the world of corporate bankruptcy and restructuring, they call it Chapter 22. For the second time in four years, Houston-based oil and gas exploration and drilling company Castex Energy has filed for protection under Chapter 11 of the U.S. Bankruptcy Code in the Southern District of Texas.
Kirkland & Ellis Bets on the Texas Trifecta
Kirkland & Ellis, the world’s most profitable law firm, is expanding its footprint in Texas again. Since it opened its first office in Houston seven years ago, Kirkland has been the fastest growing corporate legal operation in Texas. Now, the Chicago-founded law firm is tripling down on its bet on the Lone Star State with plans to open in Austin.
Electrolit v. Gatorlyte Trademark Infringement Fight in South Texas Flares Up Again
A federal judge in McAllen issued a new, second temporary restraining order Saturday enjoining PepsiCo from making, marketing and selling its new rehydration drink Gatorlyte on the grounds that the global soft drink giant engaged in anticompetitive conduct against Mexico-based Laboratorios Pisa and its trademarked Electrolit drink.
PepsiCo’s Leanne Oliver – 2020 DFW Corporate Counsel’s Lifetime Achievement Award
For a quarter of a century, Leanne Oliver has been a corporate in-house lawyer for PepsiCo and Frito-Lay. She has been a groundbreaker in developing family leave policies and internal training efforts to eliminate sexual harassment. She’s also a highly successful labor and employment lawyer.
Brazos Electric Coop Files for Bankruptcy
Last week, Brazos Electric Power Cooperative got a $2 billion bill from ERCOT demanding payment for power supplied during the winter storm that hit Texas two weeks ago. Early this morning, Brazos, the largest generation and transmission cooperative in Texas, filed for Chapter 11 bankruptcy protection in the Southern District of Texas citing more than $3 billion in debts.