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Holiday Hangover Hits the Deal Table - The abbreviated Thanksgiving week that ended Nov. 29 saw six deals reported to the CDT Roundup with a total reported value of $4.1 billion.
We'd compare it to last week's 20 deals for $5 billion, but there's really no comparison. It's easy to hide value in 14 M&A/Funding transactions. With only two M&A deals reported on the week, it's hard to hide anything.
It was the lowest number of M&A transactions since mid-June 2020. And there's no pandemic to blame it on.
That and more in this edition of CDT Roundup. November 30, 2025
We'd compare it to last week's 20 deals for $5 billion, but there's really no comparison. It's easy to hide value in 14 M&A/Funding transactions. With only two M&A deals reported on the week, it's hard to hide anything.
It was the lowest number of M&A transactions since mid-June 2020. And there's no pandemic to blame it on.
That and more in this edition of CDT Roundup. November 30, 2025
Texas Law Firms Start Announcing Year-End Associate Bonuses - Four Texas-based law firms and a half-dozen national law firms with offices in Texas have announced that they are awarding their associates with year-end or holiday bonuses and special achievements ranging from $15,000 to $140,000. November 25, 2025Texas Solar Panel Maker Files for Bankruptcy - Houston-headquartered PosiGen and 10 of its affiliated companies filed for Chapter 11 bankruptcy protection Monday in the Southern District of Texas. November 25, 2025
Litigation Roundup: Harrison County Pharma Lawsuit Nets $41.5M Settlement - In this edition of Litigation Roundup, Texas Attorney General Ken Paxton announces a $41.5 million settlement of one Harrison County state court lawsuit against pharmaceutical industry defendants and files another in the same venue, and a fraternity at the University of Texas at Austin draws a wrongful death lawsuit in the wake of a freshman’s death by suicide. November 24, 2025
SPACs Gobble Targets Ahead of Thanksgiving - The week that ended Nov. 22 saw 20 deals reported with a total reported value of $5.5 billion, heavy on deal volume and private equity transactions, including a PE firm buying a majority stake in Topgolf. The seven days prior saw 16 deals at $16.4 billion, marking ten straight deal-weeks of $11 billion or more. Tailing that streak, a week in the single-digit billions seems like a literal downer.
But this time last year saw fewer deals (15) at a lower reported value ($4.55 billion), and a heavy volume of private transactions tends to depress reported values.
It also proved a special week for SPACs — that and more in this edition of CDT Roundup. November 23, 2025
But this time last year saw fewer deals (15) at a lower reported value ($4.55 billion), and a heavy volume of private transactions tends to depress reported values.
It also proved a special week for SPACs — that and more in this edition of CDT Roundup. November 23, 2025
Centerpiece
Texas GC Forum Awards 20th Annual Magna Stella Honors - The Texas General Counsel Forum recently honored 10 chief legal officers and senior in-house counsel with the 20th annual Magna Stella Awards, which recognizes success and leadership.
The awards ceremony, held Nov. 20 at the Hyatt Regency Hill Country Resort in San Antonio, unveiled the lifetime achievement award in honor of GC Forum CEO Lynn Bozalis, a beloved leader in the Texas corporate law community. November 28, 2025
Dallas PE Firm Largely Cleared in $180M Alliance of American Football Bankruptcy Case - Western District of Texas Chief U.S. Bankruptcy Judge Craig A. Gargotta issued a 199-page opinion and order Tuesday in a case he’s been presiding over for six years. He wrote that the trustee failed to prove all but one of its claims for relief and awarded just $1 in damages. “Further, there was insufficient evidence to support an award of damages or attorney’s fees in this case,” he wrote. “The result may be viewed as harsh, but it is appropriate.” November 26, 2025
Expert Voices
Covenants Not to Compete on ‘Y’all Street’ — Insights on Texas Law for Newly Relocated Texas Professionals - In the midst of a relocation, it’s tempting for companies and professionals alike to narrow their focus on the obvious to-dos, like finding new homes or offices or hiring new staff. But what’s equally important is ensuring all parties understand what their move means in terms of employee job mobility, specifically when it comes to covenants not to compete. November 24, 2025
Stories You Might’ve Missed
The Legacy of Pennzoil v. Texaco 40 Years Later — The Civil Jury Trial of the Century - Pennzoil v. Texaco's legacy remains significant, as it changed how companies handle mergers and acquisitions, caused the Chamber of Commerce to designate Texas as a judicial hellhole in 1986 and directly led to two decades of massive tort reform efforts that dramatically limited the rights of Texans to sue businesses, doctors and insurance companies for wrongdoing. It also launched Texas trial lawyer Joe Jamail to national stardom and made him the richest trial lawyer in American history.
In this in-depth article, The Texas Lawbook provides a detailed timeline of the events involved in the historic litigation, as well as comments from more than a dozen lawyers about the legal strategies employed. November 18, 2025
