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, 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.
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.
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.