Dallas District Judge Dale Tillery on Friday ordered Toyota Motor Corp. to pay a Dallas family $213 million – the bulk of a $242 million jury verdict from August that found the automaker liable for a 2016 rear-end accident that left two small children with permanent brain damage. Toyota says it will ask for a new trial. The Lawbook has the details.
CDT Roundup: 13 Deals, 13 Law Firms, 126 Texas Lawyers, $6.14B
Texas dealmaking slowed a bit last week, but continued the recent brisk tempo. Don’t be surprised if there is a significant uptick in the making. The recently released Dykema survey reveals remarkable optimism for M&A activity in the coming year. The Lawbook’s Claire Poole explains.
Fifth Circuit Affirms Verdict in Favor of Saudi Prince
The U.S. Court of Appeals for the Fifth Circuit has affirmed a 2017 jury verdict that awarded $3 million to a member of the Saudi royal family in a breach of contract dispute. The ruling benefits Prince Mansour Bin Abdullah Al-Saud of the Kingdom of Saudi Arabia. Details here of the ruling.
Kirkland, V&E Top M&A Legal Advisor Rankings in TX
New Mergermarket data provided exclusively to The Texas Lawbook shows that Kirkland & Ellis widened its lead in advising Texas companies involved in M&A activity during the first three quarters of 2018. V&E and Jones Day rank second and third. The Lawbook has the top 30 law firms by deal count.
Barry Sorrels Represents Ex-Dallas Councilman in Tax Evasion Plea Deal
The Dallas County schools bribery scandal, which has led to convictions of two high-ranking Dallas city officials, a school superintendent and two businessmen, appears to be winding down. Four-term Dallas City Councilman Larry Duncan pleaded guilty Monday to one count of tax evasion. The Texas Lawbook has the lawyers involved.
Mergermarket Data : Texas M&A Transactions Continue To Churn
Mergers and acquisitions involving Texas companies continue to be upbeat, with third-quarter deal value up almost 70 percent over the second to $131.9 billion, according to Mergermarket data provided exclusively to The Texas Lawbook.
A Word with USPTO Director Andrei Iancu
Under Secretary of Commerce for Intellectual Property and USPTO Director Andrei Iancu spoke at the SMU Dedman School of Law Friday during its Tsai Leadership Lecture series. The Texas Lawbook’s Natalie Posgate had the opportunity to sit down with Director Iancu for a few minutes after the program. Check here to find out what he said.