Unsecured creditors of bankrupt holding company North Texas Bancshares Inc. objected Friday to the company's proposed $7.4 million sale of its interests in Dallas-based Park Cities Bank, saying they lack key data needed to evaluate the deal.
A Texas grand jury indicted a former executive of a state cancer prevention institute on one felony charge stemming from alleged improprieties in an $11 million grant awarded to a pharmaceutical research firm, the Travis County District Attorney’s office said Friday.
Range Resources Corp. last week asked the Texas Supreme Court to reverse a decision throwing out the bulk of its defamation claims against Texas homeowners who alleged that fracking contaminated their water, saying the court should clarify when a free speech law can be applied.
The Fifth Circuit on Friday upheld a decision requiring Lexington Insurance Co. to defend a Louisiana parish against dozens of property owners who sued over the demolition of their houses in the wake of Hurricane Katrina but also found that a lower court erred in forcing the insurer to cover the parish for potential damages.
A judge ruled Wednesday that a vaginal mesh injury lawsuit against Johnson & Johnson should remain in federal court, after concluding that the plaintiff only pursued another defendant, her physician, to try to keep the case in Texas state court.
A Texas bankruptcy judge said Thursday that TMT Group could seek the release of three of its ships seized by bank creditors around the world, on the condition that it finalize plans to hire commercial and technical fleet managers to take control of the boats.
A Texas federal judge denied class certification for investors facing losses in the aftermath of BP PLC's Deepwater Horizon rig explosion in 2010, after determining Friday that the investors' damages calculation was too murky to earn certification in light of a recently bolstered standard from the U.S. Supreme Court.
The states that opted out of the Affordable Care Act’s Medicaid expansion will see a net loss of $35.4 billion in taxpayer dollars per year, according to a study released Thursday.
Hotel builder Rida Development Corp. and private equity firm Ares Management LLC have struck deals securing the financing for a $335 million convention center hotel project in Houston and nailed down Marriott International Inc. as the manager, the companies announced Thursday.
A Texas federal judge on Thursday approved a settlement between power converter maker SynQor Inc. and Cisco Systems over claims that Cisco infringed a pair of patents related to technology for which a jury awarded SynQor $95 million in 2010 for an earlier breach of several other patents.
Former professional basketball player Damon Jones was hit with a suit in Texas federal court Thursday by a marketing and events company that said the athlete backed out of a military goodwill tour to serve as a commentator during the NBA Finals.
The Texas Supreme Court on Friday shot down a German private equity firm’s effort to revive litigation over a $780 million fee the firm said it was owed for work on AT&T Inc.’s failed bid to buy T-Mobile USA Inc.
A Texas federal court on Thursday refused to send a putative class action alleging Samsung didn’t make customers whole on faulty Galaxy S phones into arbitration, finding that clauses in the customers’ wireless carrier contracts did not include the phones’ maker.
A metal processing plant on Thursday argued that if the Texas Supreme Court affirms a jury’s damages award stemming from environmental contamination since cleaned up to meet regulatory standards, it will introduce industry confusion and create open-ended potential liability.
A Texas federal judge dismissed on Wednesday a suit involving wireless network patents developed by an ex-partner of Fish & Richardson PC that were asserted against Starwood Hotels & Resorts Worldwide Inc., after a deal was reached in the case.
Cheniere Energy Inc. said Wednesday that a subsidiary has inked a two-decade deal to sell 800,000 tons of liquefied natural gas per year to Indonesia’s state-owned PT Pertamina, its first customer for an LNG export terminal being developed in Texas.
Winston & Strawn LLP has expanded its global energy practice with the addition of a pair of oil and gas transactional partners to its Houston office who hail from Baker Botts LLP and Norton Rose Fulbright, the firm said Thursday.
America Movil could face forced asset sales based on findings from Mexico's telecom watchdog, while Kyle Bass' Hayman Capital unloaded the hedge fund's remaining stake in J.C. Penney.
Snack food giant Frito-Lay Inc. on Wednesday took shots at the U.S. Department of Labor’s administrative trial system for government contractors, telling a Texas federal judge the agency never had authority to request its employment data as part of a gender discrimination investigation.
A Texas appeals court said Thursday that an industrial engineering firm must face a general contractor's suit over allegedly flawed designs for a hazardous waste facility expansion, saying trial courts have broad discretion to extend the deadline for filing a required expert affidavit in such cases.
Every appellate court to consider the issue has now rejected the National Labor Relations Board’s anti-arbitration position in D.R. Horton as out of step with the Federal Arbitration Act and the U.S. Supreme Court’s decision interpreting the statute in AT&T Mobility LLC v. Concepcion. And that growing consensus is a positive development for employers and employees alike, say Archis Parasharami and Scott Noveck of Mayer Brown LLP.
Texas, Nevada and other low- and no-tax states are trying to woo California’s high-earners and business owners, for whom Proposition 30’s passage in November 2012 was a “cross the Rubicon” moment. But moving one’s tax residence from California is not a simple matter of finding a crash pad in Vegas and sending a goodbye note to Sacramento, says Douglas Schwartz of Nossaman LLP.
In re Flugence in the Fifth Circuit is important because of its implications for other instances in which litigation is commenced for the purpose of making creditors whole, but which may nonetheless produce recoveries in excess of the amount necessary to do so. Courts outside the Fifth Circuit are not in clear agreement, says Steven Wilamowsky of Bingham McCutchen LLP.
What is the thinking as to whether leaky air conditioner cases warrant multidistrict litigation treatment? On Dec. 5, the Judicial Panel on Multidistrict Litigation heads to Vegas to find out. This will bring a temperature shift in more ways than one from the September hearing, where the panel considered a potential MDL proceeding arising from allegedly defective clothes dryers, says Alan Rothman of Kaye Scholer LLP.
Two recent decisions in the Fifth Circuit and the Federal Circuit involving Kellogg Brown & Root Services Inc. dealt with vicarious liability under the Anti-Kickback Act for subcontractor kickbacks accepted by KBR’s employees. Both decisions are flawed, but they should alert contractors to a serious need to revisit ethics and compliance programs to address kickback situations, says John Pachter of Smith Pachter McWhorter PLC.
Proposition 6 and its related enabling legislation provide a unique opportunity for Texas to begin addressing its significant water infrastructure needs. But, as with any ambitious plan, the program faces a variety of challenges, including achieving a proper (and politically acceptable) balance between urban and rural needs and navigating through ongoing water rights disputes, say C. Brian Cassidy and Brian O’Reilly of Locke Lord LLP.
Five years ago, the Federal Trade Commission waded into the debate regarding the competition issues posed by “follow-on biologics.” Some three years after Congress provided a pathway for approval of such products, no follow-on biologic has been approved by the U.S. Food and Drug Administration. Now the FTC is revisiting the issue — particularly state restrictions, say attorneys with Wilson Sonsini Goodrich & Rosati.
Two line items — overhead and profit — in roof replacement insurance claims are causing considerable debate in Texas, as neither Texas law nor the Texas Department of Insurance has provided determinative guidance. Use competitive roof replacement bids submitted by reputable roofing contractors, rather than estimates generated by computer software, to determine the appropriate claim measure, says Todd Tippett of Zelle Hofmann Voelbel & Mason LLP.
The connection between Houston, Texas, and Philadelphia for value-added energy- and refining-related activity is palpable. Companies like Shell, Chevron, ExxonMobil and many others with a strong Houston presence are connecting to Pennsylvania, and we are just seeing the tip of the iceberg, says Michael Krancer of Blank Rome LLP.
A fierce debate has now emerged over whether the phrase "exceeds authorized access" in the Computer Fraud and Abuse Act applies to violations of internal computer use policies. With circuits lining up on both sides of the argument, it appears that this issue may be ripe for a decision by the U.S. Supreme Court, say Brandon Krajewski and Steven Berryman of Quarles & Brady LLP.