Ex-Dynegy Exec’s Atty Loses Fee Row In Texas High Court

Law360, Dallas (August 30, 2013, 5:37 PM EDT) -- The Texas Supreme Court on Friday said an attorney who represented a former Dynegy Inc. executive in a securities fraud suit can’t recover more than $3 million in legal fees and damages from the company, saying Dynegy’s agreement to pay had to be written, not oral.

Criminal defense attorney Terry W. Yates represented Dynegy’s former senior director of tax planning, James Olis, against a civil suit and multiple criminal charges for securities fraud, conspiracy, and mail and wire fraud stemming from Olis’s work on a transaction...
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