Haynes and Boone News

Susan Wetzel in FundFire: Hedge Funds Face Massive Tax Bill for Billions in Deferred Comp

U.S.-based hedge funds with offshore versions of their funds need to act fast to avoid a massive tax bill as a result of changes to rules concerning deferred compensation in offshore funds. But many fund managers are unprepared for the 2017 deadline. >>

Haynes and Boone in Corporate Disputes: Inter Partes Review in Patent Disputes

Haynes and Boone, LLP Partners David McCombs and Andy Ehmke participate in Corporate Dispute's mini roundtable, "Inter Partes Review in Patent Disputes." >>

Haynes and Boone in the Texas Lawyer: $21.4 Million Merger Completed After Motion for Preliminary Injunction Denied

After a federal judge denied a motion for a preliminary injunction that would have halted its merger, Hastings Entertainment of Amarillo completed a merger with Draw Another Circle in a deal valued at $21.4 million. >>

Recent Publications

International Finance Law Review Guest Article: Cfius Subject to New Due Process Requirements

A DC Circuit Court ruling on the matter dated July 15 could represent a small victory for the due process rights afforded to foreign investors in the national security review of their inbound acquisitions by the Committee on Foreign Investment in the United States (Cfius). >>

Turning Lemons into Lemonade: Insurance Coverage Lessons Learned from Heartland Payment Systems

This past June marks nine years since the data breach at CardSystems Solutions, which involved the disclosure of names, account numbers and verification codes for some 40 million cardholders. >>

Law360 Guest Article: A Victory For State Anti-SLAPP Laws

As more states adopt anti-SLAPP legislation (i.e. Oklahoma’s passage this spring and Nevada’s expansion of its anti-SLAPP statute last year), more federal courts must decide whether such laws create a substantive right that should be applied by the federal judiciary. >>

Nina Cortell in the Texas Lawbook: Dallas Judge Awards ETP $500 Million in Enterprise Partnership Dispute

In the largest civil judgment ever awarded by a Dallas state court judge, Enterprise Products has been ordered to pay half-a-billion dollars to Energy Transfer Partners in a dispute over an attempted partnership that went awry.

The case is considered a landmark because a jury in March found that two businesses can be involved in a legally binding partnership even when there is no official partnership agreement and when one of the parties claims it never intended for the joint venture to be official.

Hastings Entertainment Special Committee Advised in Merger By Haynes and Boone Legal Team

Hastings Entertainment, Inc. reported July 15 that its shareholders approved the merger of Hastings and Draw Another Circle, LLC at a special meeting of Hastings’ shareholders in Amarillo, Texas.

The transaction is valued at about $21.4 million. The vote and merger come after a Texas federal court judge earlier denied a motion for preliminary injunction to halt the deal.

Tom Harris in Dallas Business Journal: Merger mania sweeps Texas, Dallas

In the midst of Texas’ economic prosperity is roaring activity in its mergers and acquisitions market, with the state seeing its highest rate in years during the first half of 2014 ...

Haynes and Boone ranked fifth in Mergermarket’s data for number of deals, completing 19 in the first six months of the year. That netted more than $1.3 billion. Last year, the firm brought in nine deals.

Jason Bloom in Yahoo Finance: Could Aereo Come Back from the Dead?

Controversial online television service Aereo is trying to make a comeback, after the Supreme Court ruled last month it was violating copyright laws by transmitting local channels over the Internet.

Now Aereo says in a new court filing that it wants to be treated just like cable TV carriers, which are entitled to carry local broadcast channels if they pay a government-set compulsory license fee. That’s the opposite of what the Barry Diller-backed startup had argued for the past two years, when it claimed to be providing customers with individual service via thousands of tiny TV antennas.