In the cash-and-stock deal, Dallas-based Sunoco has agreed to to maintain a headquarters in Canada, along with Canadian employment, with Stikeman Elliott, Vinson & Elkins and Weil advising Sunoco on the transaction. But the deal is likely to be challenged in court by Parkland’s largest stockholder.
CDT Roundup: Deal Volume Drops, But Big Moves Capture Spotlight
We saw a major DFW brand, Sabre, make a $1.1 billion divestiture, a shipping logistics acquisition, a good-sized banking deal, funding for a social care navigation platform, the acquisition of a Mexico-based supply chain platform and a $400 million PE commitment to a new E&P.
Former PepsiCo GC Leanne Oliver Joins Phillips Murrah
Oliver achieved many successes during her nearly three decades at PepsiCo and was promoted six times. She successfully defended the multinational food and beverage company against major class-action lawsuits, led strategic corporate acquisitions, and developed innovative employment policies and management training programs. Ex-PepsiCo General Counsel Larry Thompson told The Texas Lawbook in a 2021 profile of Oliver that, “No one really knows PepsiCo as well as Leanne. She has brought enormous value to the company and to the entire legal profession.”
Texas Lawbook 50 — Susman Godfrey Scores ‘Second Best Year Ever’ in 2024
Even as Susman Godfrey is engaged in a monumental federal court fight with President Donald Trump that threatens the law firm’s very existence, the Houston-based litigation powerhouse reported 2024 revenues and profits that are once again the envy of their competitors. The firm’s revenues last year were down from its record-smashing numbers of 2023, but it was still Susman Godfrey’s second-best year in its 44-year history.
SEC Says 3 DFW Residents Ran $91M Ponzi Scheme
Kenneth W. Alexander II, Robert D. Welsh and Caedrynn E. Conner are accused of defrauding more than 200 investors out of millions via a trust Alexander controlled called Vanguard Holdings Group Irrevocable Trust. The SEC filed the 37-page lawsuit against the trio in the Eastern District of Texas, Sherman Division, on Tuesday.
57 Texas Law Students Sign Amicus Brief for Susman Godfrey
The amicus briefs in the case of Susman Godfrey v. Executive Office of the President continue to stack up. On Tuesday, 1,129 law students and 51 law school student organizations filed a brief claiming that President Donald Trump’s April 9 executive order against Susman Godfrey “will cause enduring damage to the legal profession and amici as America’s future lawyers.” Fifty-seven law students from all 10 of the law schools in Texas signed the amicus brief, as did three Texas law student groups.