Texas Lawbook Online Forum: How Should Lawyers, Firms and GCs Respond to President Trump’s Challenges?

Large corporate law firms have faced unprecedented actions by a presidential administration during the past two weeks, including five presidential executive orders targeting five law firms, a presidential memorandum directing Attorney General Pam Bondi to “review conduct” by lawyers and firms who engage in “frivolous, unreasonable, and vexatious litigation” against the U.S. government and demand letters sent by the Equal Employment Opportunity Commission targeting 20 law firms — 13 of them operating in Texas — seeking their policies and activities regarding diversity and inclusion. The Texas Lawbook seeks your insight and commentary regarding how law firms and the legal profession should respond.

March 28, 2025 Mark Curriden

Excelerate Energy to Purchase New Fortress Energy’s Jamaican Assets and Operations for Over $1B

Excelerate Energy announced on Thursday that it had entered an agreement with New Fortress Energy to acquire its Jamaican assets and operations for $1.055 billion. Lawyers from Gibson Dunn, Vinson & Elkins and Simpson Thacher are advising on the deal.

March 27, 2025 Nick Peck

Family of Ex-SMU Quarterback Sees CTE Case Against NCAA Revived

Roger S. Braugh Sr. played both quarterback and defensive back for the Southern Methodist University football team from 1960 until 1962. He died in March 2019 and an autopsy performed at Boston University showed the cause was stage IV CTE. A Dallas County judge dismissed the suit after agreeing with the NCAA that the two-year deadline to bring the lawsuit had lapsed.

March 26, 2025 Michelle Casady

Municipal Bond Boom Continues as Texas Cities Sell $68B in Bonds to Keep Pace with Migration

Texas continues to experience rapid population growth, adding nearly 563,000 new residents in 2024, pushing its population north of 31 million. To accommodate this influx, municipalities issued about $68 billion in bonds last year to fund critical infrastructure projects like schools, hospitals, and roads. The leading bond counsel firm in the state, McCall Parkhurst & Horton, advised on 372 bond issues last year as managing partner Mark Malveaux attributes the steady bond activity to the strong Texas economy and robust demand for public services and infrastructure.

March 26, 2025 Jason Philyaw

Anti-SLAPP Law’s Automatic Stay Under Fire at Capitol

The Texas Citizens Participation Act has helped media defendants and public advocates fight meritless lawsuits aimed at intimidating them into silence. Now, legislators are reviewing the anti-SLAPP law’s automatic stay of trial proceedings during an interlocutory appeal of a motion to dismiss. Critics of the 2011 law say it is too broadly written, allowing unscrupulous defendants to delay cases that have nothing to do with free speech. The high-stakes battle is playing out at the Capitol where supporters from across the political landscape face off against powerful business interests — with observers wondering if a compromise is possible.

March 25, 2025 Janet Elliott

Litigation Roundup: Fifth Circuit Revives Coast Guard Vaccine Mandate Challenge

In this edition of Litigation Roundup, we give readers one guess as to why Buc-ee’s filed a new lawsuit in Missouri, CBS moves to dismiss a federal lawsuit filed by President Donald Trump, and we detail two new state court lawsuits each seeking more than $100 million in damages.

March 25, 2025 Michelle Casady

Vertical Farming Company Hires Sidley, Jefferies to Advise on Bankruptcy 

Plenty Unlimited Incorporated, a Wyoming-based vertical farming company, and six of its affiliated entities, announced Sunday that it had voluntarily filed for Chapter 11 protection in the Southern District of Texas.

March 25, 2025 Nick Peck

How This Third-Year Haynes Boone Associate Became ‘Professor Potts’

Haynes Boone associate Bradley Potts credits a high school teacher for making him believe he could and should become a lawyer. But that teacher instilled something else in Potts: a love for teachers and teaching. And starting this semester at the UT School of Law, his students are learning what the real world of finance practice looks like from the ground up. Nick Peck explains how that happened after only three years of actual practice.

March 24, 2025 Nick Peck

Paul Weiss: Competitor Law Firms Came for Our Clients, Not to Help Us

The chairman of Paul, Weiss, Rifkind, Wharton & Garrison — a global corporate law firm that has been working to open an office in Houston — said in a memo to its lawyers Sunday that he tried to get other large law firms to join together to fight against the Trump administration’s attacks on his firm and other law firms, but none did. “Disappointingly, far from support, we learned that certain other firms were seeking to exploit our vulnerabilities by aggressively soliciting our clients and recruiting our attorneys,” Brad Karp wrote in a 1,620-word letter, which was first obtained and published by The American Lawyer. The firm counts Texas energy giants Exxon Mobil, Chevron and Noble Corp. as major clients. The firm is currently the lead legal advisor for Party City in its bankruptcy case in Houston.

March 24, 2025 Mark Curriden

CDT Roundup: First Quarter Deadline for Filing Deals is Two Weeks Away

In this edition of CDT Roundup for the week ending March 22, the Corporate Deal Tracker saw 18 deals with an aggregate value of $5.2 billion. That eclipses the prior week in volume (13 deals) but falls far short in value ($13.7 billion). Still, the week parses well against the same week last year which saw 18 deals for $5.4 billion. Also, The Lawbook has new 2025 quarterly deadlines for deal submissions to qualify for its annual firm and lawyer deal rankings. Firms and lawyers who wish to be considered for the first quarter and year-end Lawbook leaderboards for M&A and CapM must submit all of their first-quarter deals by April 7 at 5 p.m.

March 24, 2025 Nick Peck