Former NFL quarterback Vince Young settled a $5.5 million breach of contract lawsuit that accused his former agent and a financial adviser of misappropriation, heading off a trial that was set to start this week, his attorney said Monday.
Private equity-backed NET Midstream on Monday announced that it had secured $665 million in funding for its planned 124-mile NET Mexico natural gas pipeline in South Texas, closing a financing round led by Japanese bank Mitsubishi UFJ Financial Group Inc.
WhiteWave Foods Co. said Monday it will acquire organic food company Earthbound Farm from existing Earthbound investors led by Dallas-based Kainos Capital and Earthbound founders Drew and Myra Goodman for about $600 million in cash, in a move meant to help expand WhiteWave's organic offerings.
Texas-based civil litigation and transaction boutiques Roberts Markel Weinberg PC and Butler Hailey will merge at the beginning of 2014, creating a 31-attorney firm representing commercial and community association clients throughout the state, the firms said Monday.
Texas and six other states were permitted to intervene Friday in a federal lawsuit that will set a deadline for the U.S. Environmental Protection Agency to determine which areas of the country don’t comply with a critical part of its sulfur dioxide emissions standards for power plants and other sources.
American Airlines Inc. parent AMR Corp. and US Airways Group Inc. on Monday consummated their much buzzed-about merger, two years after AMR entered bankruptcy and about four months after the federal government threatened to derail the massive tie-up over antitrust concerns.
Oil and gas company EnerVest Ltd. agreed to sell its Permian Basin assets in Texas to QEP Resources Inc. for $950 million, the companies said Monday.
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.
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.
With the onslaught of wage-and-hour litigation in recent years, employers are sometimes bullied into settlements. But Moore v. Citgo Refining & Chemicals Co. shows that defendants can succeed by holding the plaintiffs' feet to the fire and forcing them to participate in discovery, say John Collins and Rachel Hoffer of Seyfarth Shaw LLP.
The odds of succeeding on a motion to transfer venue for convenience in the Eastern District of Texas are somewhat better post-America Invents Act. But even if a transfer motion is successful, if recent cases are any indication, transfer may still not take place until after a claim construction order issues to facilitate judicial economy and avoid inconsistent Markman rulings, say Margaret Sampson and Stephanie Lollo Donahue of Vinson & Elkins LLP.
Perhaps it is time for Congress to amend the Tax Injunction Act to allow federal courts to hear state tax cases where a federal constitutional provision or a federal statute is a material issue in the case. This would help tame the current Wild West atmosphere when it comes to state tax jurisprudence, says Marvin Kirsner of Greenberg Traurig LLP.
From dog sniffs and DNA to the Voting Rights Act and DOMA, the U.S. Supreme Court had its hands full in the last term. And 2013 brings an equally lively docket, with decisions expected on campaign spending, recess appointments and affirmative action, to name a few. There will also be more cases on Fourth and Fifth Amendment issues, and no fewer than eight cases involving the U.S. Environmental Protection Agency, says Jason Steed of Bell Nunnally & Martin LLP.
For the energy sector non-accountant, Section I of the 2005 Commission of Petroleum Accountant Societies' accounting procedure is important because it contains the general provisions that may affect the parties’ relationship. With a better understanding of these procedures, oil and gas well co-owners can resolve issues before they arise, rather than address them after the fact — or be forced to accept the consequences, says Brian Tully of Pierce & O'Neill LLP.
If an insurance policy contains a contractual limitations period, the insured should determine at the outset of a dispute whether the provision is enforceable and, if not, what limitations period will apply to the insured’s claims. However, in some states, the answer may not be as clear, says Noah Nadler of Haynes and Boone LLP.
It is a violation of the Texas Insurance Code for a public adjuster to profit from both adjusting an insurance claim and making the required repairs, but surprisingly, this has historically failed to stop Texas roofing contractors from engaging in similar conduct. A new legislation and the recent decision in Reyelts v. Lon Smith Roofing and Construction might bring about a change, says Todd Tippett of Zelle Hofmann Voelbel & Mason LLP.