Free Speech, Due Process and Trial by Jury
After nearly four hours of deliberations and an eight-day trial, the Dallas County jury unanimously found a supplier of golf carts breached its exclusivity agreement and purposefully interfered with a retailer’s business by selling its products directly to Lowe’s. One attorney said the jury “sent a message” with its verdict.
Occidental announced the $9.7 billion sale of its chemical unit OxyChem to Berkshire Hathaway, potentially Warren Buffett’s final major deal. The move follows Occidental’s $12 billion CrownRock acquisition and is aimed at cutting debt. Cravath advised Occidental, while Berkshire Hathaway was advised by Kirkland & Ellis.
A filing this week marked the second time the U.S. Trustee’s Office, referred to as the watchdog of the bankruptcy system, has urged the presiding judge to reject proposed settlements the Dallas-based law firm has reached with its former bankruptcy clients.
The federal government has shut down for lack of funding for the first time in seven years. With lawmakers in a deadlock, it is uncertain when the shutdown will end. Federal workers will continue to be paid for two weeks.
The Texas-based company is building one of the largest AI data centers on the planet. Meet the Haynes Boone lawyers who advised on the offering, which values the company at more than $13 billion.
The two-week-long hearing in the Dr. Phil McGraw bankruptcy case concluded Monday afternoon. Counsel presented their closing arguments to the Northern District bankruptcy court on whether the case should be dismissed or converted to a Chapter 7.
The general counsel at Valero Energy, Howard Energy Partners, OCI Enterprises and Stakeholder Midstream and the legal department at Zachry Group are among the recipients of the first annual San Antonio Corporate Counsel Awards.
In this edition of Litigation Roundup, a Dallas lawyer secures an important ruling in a case involving NCAA eligibility for an Indiana University football player from Mesquite, and the brother of the Houston Texans principal owner hires Tony Buzbee to bring a $100 million tortious interference lawsuit against the National Football League. There is also coverage of non-football-related cases.
A Texas-heavy Sidley Austin team advised Ares in the purchase, which secures a 40 percent stake in the Central Penn Line, a major connection between Pennsylvania natural gas fields and major East Coast markets.
The week ending Sept. 27 had 16 deals reported with an overall value of nearly $22.8 billion led by $17 billion in in just two transactions by one of the largest utility builders in North America.
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