A Texas appeals court on Friday reversed a $1 million award of attorneys' fees and “death penalty” sanctions assessed against a couple who allegedly doctored photos of flooding damage to collect insurance money from State Farm Lloyds, finding the penalties excessive.
The denationalization of the Mexican energy market after 75 years of government control will give Texas industry enormous opportunities for growth, with Mexico expected to spend more than $10 billion to import Texas goods and services in early stages of the overhaul, experts told a Texas Senate panel Friday.
A Texas bankruptcy judge on Thursday cut claims from a $10 million malpractice suit that alleges Johnson DeLuca Kennedy & Kurisky PC should not have advised a former hospital owner to file for Chapter 11, but he stopped short of dismissing the case.
A former investment adviser was sentenced Thursday to 20 years in Texas state prison after being convicted of securities fraud and theft stemming from a Ponzi scheme, in which he solicited clients' investment in gold, silver and commodities and used the funds for personal expenses, according to a state regulator.
Russian gas giant OAO Gazprom said Friday that a $1.3 billion trade secrets suit being pursued by Moncrief Oil International Inc. belongs in Texas federal court because the dispute is subject to a foreign arbitration agreement governing a failed Siberian gas field deal.
Texas Rep. Matt Krause, R-Fort Worth, said Thursday that a complaint he filed against members of the Texas Racing Commission seeking to block the introduction of historical racing machines at state racetracks had been tossed by a state judge because the lawmaker lacked standing.
Ryan Kirkpatrick, general counsel at McCourt Global, a real estate developer that's active across the country, says he's seeing more complex joint ventures, and more capital players at the table means additional investment opportunities but also added legal challenges. Here, Law360 sits down with the man responsible for structuring the joint ventures for the former Dodgers owner's real estate firm.
Polsinelli LLP hired a longtime Fish & Richardson PC litigator who specializes in trade secret theft cases and wage-and-hour disputes to join its labor and employment and commercial litigation practices in Dallas, the firm announced Friday.
A pair of studies released this week concluding that hydraulic fracturing isn’t linked to groundwater contamination could further shift the emphasis of federal and state regulators to the fracked wells themselves, which can foul water supplies if they’re faulty, and put a major dent in lawsuits that claim groundwater contamination was caused by fracking, experts say.
A Texas federal jury on Thursday cleared Toyota Motor Sales USA Inc. of allegations it ripped off a Dallas market research firm’s proprietary methodology for conducting a multicultural study of minority car buyers and rejected Toyota’s bid to recover an overpayment made to the firm.
Exxon Mobil Corp. on Thursday beefed up its presence in the oil-rich Permian Basin of west Texas, acquiring nearly 18,000 acres from Linn Energy LLC in exchange for an interest in about 500 acres in the South Belridge oil field in central California.
Branscomb PC has lured an attorney from Bracewell & Giuliani LLP with expertise defending employers in discrimination disputes and drafting employee handbooks to boost its labor and employment team in San Antonio, the firm announced this month.
The Fifth Circuit ruled on Thursday that the U.S. Chemical Safety and Hazard Investigation Board has the authority to investigate the Deepwater Horizon oil spill and to subpoena Transocean Ltd. for documents related to the accident, affirming a district court’s judgment in the case.
Texas’s highest criminal court on Wednesday allowed a trial court to move forward with a contempt proceeding against defense attorney Mike McCrum, who’s currently serving as the special prosecutor in the abuse-of-office case against Gov. Rick Perry, for alleged witness tampering in another case.
Apartment manager The Lynd Co. on Thursday defended in Texas Supreme Court an appellate win that awarded it $7.5 million in coverage from insurer RSUI Indemnity Co. for damage caused during Hurricane Rita in 2005, saying that under the four corners of its policy, the insurers couldn’t avoid paying up.
A Texas federal judge on Thursday ordered Bitcoin Savings & Trust and its founder to pay more than $40 million in disgorgement and penalties, ruling that the U.S. Securities and Exchange Commission showed they defrauded investors by running a Ponzi scheme involving the bitcoin virtual currency.
In the second major portfolio transaction to make waves in the hotel market Thursday, Hyatt Hotels Corp. announced it has struck a deal to sell off 38 properties for $590 million to a company organized by Texas-headquartered private equity firm Lone Star Funds.
PlainsCapital Bank on Thursday asked the Texas Supreme Court to reverse a ruling it says unfairly prevents banks from recovering the costs of marketing and reselling foreclosed properties under a statutory definition of fair market value.
A Texas federal judge on Tuesday left Hallwood Energy LP’s estate trustee a single “narrow” claim in its $50 million malpractice suit against Hunton & Williams LLP, agreeing with a bankruptcy judge who ruled the trustee could only seek a recovery of fees.
Johnson & Johnson unit DePuy Orthopedics Inc. on Wednesday attacked claims it promoted Pinnacle metal-on-metal hip implants in spite of knowing the product had high failure rates, with a DePuy executive telling a Texas federal jury outlier doctors had skewed the statistics.
Parties contemplating a lawsuit over anonymous online postings may seek court-ordered, presuit discovery to investigate who owns and operates the social media account. Recent New York and Texas decisions evidence the necessity to research and understand fully the extent to which a jurisdiction allows presuit discovery, says Steven Richard of Nixon Peabody LLP.
Taken together, Barzoukas v. Foundation Design Ltd. and two prior Texas cases on the economic loss rule suggest that establishing an owner as subcontract third-party beneficiary might be a possible line of defense for a subcontractor that invokes the rule when trying to shield itself from owner negligence claims, say Pierre Grosdidier and Mike Stewart of Haynes and Boone LLP.
Recent decisions from the Texas Supreme Court and the Dallas Court of Appeals show that under Texas law, an insurer bears the risk of improper conduct by its insured in depositing a claim payment without obtaining the proper endorsement of all payees, says David Winter of Zelle Hofmann Voelbel & Mason LLP.
The Supreme Court of Texas' decision in Drennen v. Exxon Mobil Corp. approved an alternative approach for employers to garner periods of noncompetition from prior employees and continues the court’s recent trend toward broader enforcement of restrictive covenants, says David Gregory of Locke Lord LLP.
After the Phase One rulings in the Deepwater Horizon oil spill litigation, any oil spill plaintiff still seeking punitive damages from BP PLC will face a gauntlet of legal obstacles, which is good reason to doubt BP will ever pay punitive damages in personal injury cases — a small consolation given BP's potential liability for civil penalties, says B.D. Daniel of Beck Redden LLP.
Concern has been expressed that a Fifth Circuit opinion in the bankruptcy case of TMT Procurement Corp. will put a chill on the willingness of lenders to enter into debtor-in-possession financing facilities. However, these concerns are unfounded in the context of usual and customary DIP financing, says Judith Elkin of Haynes and Boone LLP.
The recent case of Groen v. Safeway represents a clear move by California to join the growing list of states going on record to endorse the enforceability of forum selection provisions in corporate bylaws, say Robert Friedel and Melissa Nunez of Pepper Hamilton LLP.
In an effort to avoid controversy — and confrontations with armed patrons — many restaurants and retailers take a “live-and-let-live” approach to Second Amendment activists openly carrying firearms in their businesses. However, they may be doing so at the risk of losing their liquor licenses, especially in Texas, says Alex Fuller of Gray Reed & McGraw PC.
Two takeaways from the Texas Supreme Court's unanimous opinion in Texas Coast Utilities Coalition v. Railroad Commission of Texas are the commission's broad new authority to adopt formula rates and the potential for the court's analysis to apply to the Public Utility Commission's adoption of formula rates for electric utilities, says Dane McKaughan of Greenberg Traurig LLP.
At first blush, Halliburton Co.'s recent $1.1 billion settlement looks like a complete victory for the Plaintiffs’ Steering Committee as the ruling shifts any remaining actual damage liability from Halliburton to BP Exploration and Production Inc., thus relieving Halliburton of any liability for punitive damages — it is hard to see where it now has any further exposure, says B.D. Daniel of Beck Redden LLP.