Blackstone Real Estate Income Trust has purchased a multifamily portfolio that includes properties in Texas, Illinois and Florida from TA Realty LLC for roughly $430 million, according to an announcement on Wednesday from TA Realty.
Less than a week after a Texas federal judge unblocked arbitration between a group of Lloyd's of London underwriters and a Connecticut insurer fighting over covering an offshore drilling platform injury, the Lloyd's underwriters sought the next logical step with a motion Wednesday seeking to toss the suit outright.
A Texas federal jury on Tuesday found a self-described "black hat search engine optimizer" guilty of retaliating against a Dallas-based mergers & acquisitions advisory firm by posting negative online reviews, after he had been sentenced to federal prison last year for extorting money from the firm by threatening to post them.
A split Fifth Circuit panel on Tuesday affirmed the award of more than $605,000 in attorneys' fees and costs to two couples who successfully challenged Texas' ban on same-sex marriage, with one judge writing that most of the fees were rightfully awarded but some “noncompensable tasks” were wrongly reimbursed.
The Fifth Circuit on Tuesday upheld the dismissal of a Louisiana property owner's suit claiming Hess Corp. was liable for contamination of the property due to drilling activities completed more than 30 years before he bought the property, backing the lower court's conclusion that such claims are barred by state law.
A report issued on Tuesday by Senate Democrats claims that the Trump administration has severely underestimated the expense and time needed to build its planned southern border wall project, saying the project could cost around $67 billion and be tied up in land acquisition negotiations and disputes for more than a decade.
A former executive of Chimera Energy Corp. entered a guilty plea before a Texas federal judge on Tuesday for his role in a scheme to manipulate the price of the company's stock, and agreed to a deal with the government to pay as much as $1 million in restitution and testify about the scam.
A Texas appellate court on Tuesday affirmed a trial judge’s decision to wipe out a jury’s $900,000 damages award to a life settlement firm in a trade secrets dispute with one of its former sales representatives, holding the firm didn’t show evidence establishing its damages.
National fitness club chain Curves on Tuesday urged a Texas federal judge to toss franchisees' breach of contract claims without jury deliberation, saying that the business owners had failed to present any evidence to support allegations that the company failed to support their franchises.
A Texas federal jury will begin deliberations Wednesday in the trial of Dallas County Commissioner John Wiley Price, after hearing the government detail its theory that Price took $1 million worth of bribes from a consultant whose clients he helped win county contracts.
Oilfield waste recycler Polk Operating LLC hit competitor Sprint Energy Services LLC with a $1 million defamation suit in Texas court Monday, alleging Sprint carried out a malicious scheme to destroy Polk’s reputation with its customers and regulators.
A Texas federal judge on Monday once again tossed a False Claims Act suit alleging improper billing of Medicare and Medicaid for advanced life support by an ambulance company and said the whistleblowers won’t get another chance to strengthen their case.
A Texas appellate court on Tuesday sided with a trial court and affirmed an early win for Jackson Lewis LLP and one of its attorneys, holding that neither could be held liable for a settlement forgery allegedly committed by opposing counsel in an employment discrimination suit.
TPG Pace Energy Holdings Corp. filed a $600 million initial public offering Monday, marking the latest of several private equity-affiliated blank check companies to seek money for an energy acquisition, guided by Weil Gotshal & Manges LLP.
Willkie Farr & Gallagher LLP announced on Tuesday the addition of an oil and gas transactional attorney, who had spent almost two years as a partner at Kirkland & Ellis LLP, to its Houston office as a partner.
Private equity merchant power developer Panda Power Funds put a Texas gas-fired power plant into Chapter 11 protection Monday and said the Lone Star State's grid operator is to blame because it provided false and misleading information about the need for the plant.
Fourteen states on Monday weighed in to support the Trump administration’s executive order mandating that executive agencies eliminate two regulations for every new one, saying it is likely to lessen regulatory burdens on the states and their residents.
Online travel companies including Expedia Inc. and Hotels.com that were slapped with an $84 million judgment for underpaying hotel occupancy taxes in various Texas cities should now pay an additional $25 million to attorneys representing the cities, a magistrate judge recommended Monday.
In a fiery answer to claims filed against him last month by his former intellectual property law firm Matthews Lawson McCutcheon & Joseph, a Houston attorney told a Texas court Monday that a deposition has shown that claims he stole the firm’s clients' information to start his own firm are baseless and sanctions are warranted.
Five hospice companies have agreed to pay the government a total of $12.2 million to settle allegations brought by whistleblowers accusing the companies of paying kickbacks in exchange for patient referrals, the Department of Justice announced Tuesday.
Most people have never had an opportunity to personally take part in a legal case that directly challenges laws or policies they don’t agree with. Now that crowdfunding is available for legal cases, people can engage directly with legal change in the community and be a check on the powerful, says Julia Salasky, CEO of CrowdJustice.
Perhaps lost in the presidential post-election tumult was a report issued in late 2016 by an international body evaluating U.S. compliance with anti-money laundering and counter-terrorist financing standards. Considering repeated criticisms of the legal profession, the American Bar Association should seriously consider a new model legal ethics rule, says Kevin Shepherd of Venable LLP.
In the final segment of his series on lateral recruitment, Howard Flack, a partner of Volta Talent Strategies LLC and former leader of the lateral partner recruiting team at Hogan Lovells, shares a number of factors law firms should consider when measuring lateral hire success.
The Senate must now make a decision that holds the potential of striking at the essence of what it means to live in a free nation of laws, where each of us has the right to define who we love, who we are, and the very purpose of our lives — and it must do so without the benefit of essential information, says Nancy Northup, president of the Center for Reproductive Rights.
In the second installment of this series on lateral recruiting, Howard Flack of Volta Talent Strategies LLC challenges law firms to ask themselves whether business strategies are determining lateral hires — or vice versa.
While a patchwork of autonomous vehicle regulations that vary from state to state is ultimately unsustainable, it may prove to be quite beneficial for short-term, early stage development and could serve as a blueprint that offers a safe and effective means of regulating the autonomous vehicle without severely limiting its development, say Mike Nelson and Trevor Satnick of Eversheds Sutherland LLP.
The surveys that report lateral partner hiring as more or less a 50-50 proposition keep being published, and yet the lateral partner market is as robust as ever. So, what are firms looking at to measure their success and justify the level of investment they continue to make in the lateral market? asks Howard Flack of Volta Talent Strategies LLC.
While progress has been made toward eliminating gender-based wage disparity, Equal Pay Day, observed Tuesday, is a reminder that more work needs to be done, and long before the next 50 years tick past. But hopefully it will be done through education about the law, and not more litigation, says Eve Wagner of Sauer & Wagner LLP.
The U.S. District Court for the Southern District of New York has affirmed that Sabine Oil & Gas Corporation can reject some gathering contracts with midstream energy companies, for lack of valid covenants running with the land. The ruling is another unfavorable result for midstream firms dealing with distressed oil and gas producers, say Mark Sherrill and Stephany Olsen LeGrand of Eversheds Sutherland (US) LLP.
President Trump's draft budget proposes total defunding of the Legal Services Corporation. Yet leaders of over 160 of the nation's top law firms and 185 general counsel from leading corporations, who make their living at the intersection of business and law, make the case that destroying the LSC is bad for both, says Kevin Curnin of the Association of Pro Bono Counsel.