Haynes and Boone News

Kit Addleman in Inside Counsel: Full Disclosure

It's been more than a decade since a series of scandals involving companies like WorldCom and Enron made headlines, exposing levels of financial fraud that startled most Americans and put federal regulators into a state of high alert. >>

Seven Haynes and Boone Lawyers Featured as “2015 Lawyers of the Year” by Best Lawyers

Best Lawyers® has recognized seven Texas-based Haynes and Boone, LLP attorneys as “2015 Lawyers of the Year,” three more than last year. >>

Haynes and Boone in Law360: Bid Dropped for Injunction on Houston Gay Worker Benefits

Former Harris County Republican Party Chairman Jared Woodfill, who filed suit in Texas state court against the city of Houston over an ordinance that extends benefits to same-sex spouses of city employees, withdrew his request for a temporary injunction Friday. >>

Recent Publications

SEC Provides New Guidance for Accredited Investor Verification under Regulation D

The Securities and Exchange Commission (the “SEC”) recently published six new Compliance and Disclosure Interpretations (“C&DIs”) related to the verification process for accredited investors under Rule 506(c) of Regulation D. >>

Texas Supreme Court Denies Litigants’ Petition to Review the Contours of the Texas Economic Loss Rule

The Texas Supreme Court denied a petition for review stemming from the Houston Court of Appeals’ Barzoukas v. Found. Design, Ltd. decision. The case is significant because of its application of the economic loss rule (under Texas law) in the context of an owner-subcontractor dispute.  >>

Bureau of Ocean Energy Management’s Plan to Reform Risk Management

On August 20, 2014, the Bureau of Ocean Energy Management (BOEM) issued an Advance Notice of Proposed Rulemaking (ANPR) on Risk Management, Financial Assurance and Loss Prevention. >>

Mexican Energy Reform on Oil and Gas

Mexico’s package of energy reform laws (“Energy Law” – nine new laws and amendments to twelve existing laws) became a reality with its promulgation on Monday, August 11, 2014. >>

Tom Williams in the Texas Lawbook: Haynes and Boone Score a Win for Media Courtroom Rights

Fort Worth’s 2nd Court of Appeals has ruled that local reporters are allowed access to two barred January hearing transcripts associated with a juvenile capital murder case and that State District Judge Jean Boyd abused her discretion in closing the hearings to the media in the first place.

In a 26-page opinion, Justice Sue Walker determined Judge Boyd closed her courtroom “without showing a good cause,” as required in the Texas Family Code, and ordered Judge Boyd to immediately vacate the courtroom closure orders.

Latin Lawyer Guest Article: Raising the Bar

The Texas Supreme Court has recently published for comment rule changes that largely adopt the unanimous recommendations of the Texas Supreme Court task force on international law practice. The reforms address three primary areas: (i) the eligibility of foreign lawyers to sit for the Texas Bar exam (primarily designed for licensed foreign lawyers who have graduated from an accredited law school in their home country and complete an LLM at an American Bar Association accredited law school); (ii) the foreign legal consultant certification for foreign lawyers who wish to solely practice the law of their home country while working in Texas; and (iii) the pro hac vice rule permitting a foreign lawyer to appear in a Texas court proceeding upon application to the judge and with the presence of Texas counsel.

Trial Victory Clears Path for Sale of Properties in Brooklyn by Haynes and Boone Client

NEW YORK – A team of Haynes and Boone, LLP litigators successfully represented Metroeb Realty 1, LLC in a lawsuit that sought to force Metroeb Realty to sell properties located in Brooklyn, N.Y. to Metropolitan Lofts of New York, LLC.

Metropolitan Lofts commenced an action against Metroeb Realty in October 2012 seeking to enforce a purported agreement to purchase properties owned by Metroeb Realty in the Williamsburg section of Brooklyn for $30 million. Metroeb Realty denied that the signed agreement Metropolitan Lofts sought to enforce was valid and binding.

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.