Posted February 2014
Locke Lord advised Huisheng International Holdings Limited, the issuer, in its HK$283 million initial public offering and listing on the Main Board of the Stock Exchange of Hong Kong. Huisheng International is principally engaged in the production and sale of pork products and is one of the largest pork suppliers in Changde, Hunan Province, China. Hong Kong-based Partner Michael Fung led the Locke Lord team, which included Counsel Jeffrey Kung and Trainee Kevin Chan.
Locke Lord secured a ruling for clients Priceline.com and Booking.com in a multi-district class action price-fixing case against all of the major online travel reservation companies and most of the major hotel chains. The plaintiffs were consumers who booked hotel rooms using online travel reservation services. They alleged that the defendants have violated Section 1 of the Sherman Act by entering into a conspiracy to fix, maintain, and stabilize the rates for hotel rooms that are booked using online travel reservation websites. On February 18, 2014, the U.S. District Court for the Northern District of Texas (Judge Jane Boyle) issued an Order dismissing the plaintiffs’ claims based on the finding that they had not adequately alleged the essential elements of the antitrust claims. The Locke Lord lawyers representing our clients in this litigation matter were Brad Weber and Seth Roberts.
Locke Lord LLP served as local counsel for skobbler GmbH in its sale to Telenav, Inc. (NASDAQ: TNAV) for $ 24 million. Skobbler is a European-based company that created OpenStreetMap (OSM)-based GPS navigation apps. Telenav is a California-based manufacturer of personal navigation services. Locke Lord lawyers Hans Heppe, Van Jolas and Dean Hinderliter served as U.S. counsel on securities regulation, anti-trust and tax matters for the transaction.
Locke Lord represented CRS Proppants LLC in the sale of a Shreveport, LA manufacturing facility to Momentive Specialty Chemicals Inc. The sale is valued at approximately $53.5 million. The team who worked on the transaction included Joe Perillo, Walker Clarke, Lauren Corbeil, Ed Razim, Buddy Sanders, Jerry Higdon, Brit Nelson, Laura Ferguson, Julie Rhine Pabon, Rachel Fitzgerald and John Eichelberger.
Posted January 2014
Locke Lord secured a significant court ruling on behalf of client, Arch Insurance Company (“Arch”), in a coverage and “bad faith” case in the San Francisco, California Superior Court, captioned, Orchard Brands Topco LLC, et al., v. Twin City Fire Ins. Co., et al.. The Insured, Golden Gate Private Equity, Inc., and a portfolio company, Orchard Brands, sued Golden Gate’s primary carrier, Twin City, and several excess carriers, including Arch, seeking coverage for its settlement of various claims brought by the trustee for a bankrupt subsidiary, based upon the acquisition of that subsidiary in a leveraged buyout and the subsequent issuance of over $310 million in dividends and fees, which the trustee characterized as fraudulent transfers. The carriers disclaimed coverage for the settlement, arguing, among other things, that the trustee’s claim sought legally uninsurable restitution/disgorgement of the fraudulent transfers, and was also uninsurable pursuant to California insurance Code section 533 (which precludes coverage for willful conduct). Golden Gate argued that restitution/disgorgement was not per se uninsurable, that coverage for ill-gotten gains could not be disclaimed absent a prior adjudication as specified in the policy’s profit exclusion, and that section 533 did not apply. The Court substantially affirmed the carriers’ coverage position and while the Court is allowing the case to proceed to an allocation phase to determine whether any coverage might be available for non-fraudulent transfer claims and non-wilful conduct, its observations in its decision suggest the carriers should (after the presentation of allocation evidence) ultimately prevail in disclaiming coverage for the settlement in its entirety, and the Court’s vindication of the substantive validity of the carriers’ concerns regarding uninsurability appears to eliminate any colorable basis for the purported “bad faith” claim. Locke Lord lawyers Michael Perlis, Richard Johnson, and Lilian Khanjian represented Arch.
Cheung & Lee in association with Locke Lord (HK) LLP represented Peace Map Holding Limited (formerly Mongolia Investment Group Limited) in its HK$354 million disposal of the entire issued share capital of Rich Path Holdings Limited. This included advice to the vendor on Hong Kong law in relation to the sale and purchase agreement and Hong Kong Listing Rules implications. Rich Path Holdings Limited, through its subsidiaries, is principally engaged in the provision of maintenance and construction work on civil engineering projects involving waterworks engineering, road works, drainage and slope upgrading for the public sector in Hong Kong, in addition to the provision of water supply services in the PRC and renovation services in Macau. Hong Kong-based Partner Wing Cheung led the team for Locke Lord, assisted by Of Counsel Roger Wong and Trainee Max Hui.
Locke Lord advised Van Shung Chong Holdings Limited, listed on the Main Board of The Stock Exchange of Hong Kong Limited, in its HK$897 million (approximately US$115 million) acquisition from China Travel Service (Holdings) Hong Kong Limited of the entire equity interest in a company which owns a 27-story commercial property in Shanghai, China. Hong Kong-based Partner Matthew Wong led the team for Locke Lord, assisted by Gloria Ting.
Posted December 2013
In a unanimous decision, the Supreme Court of the United States ruled in favor of Locke Lord LLP client Atlantic Marine Construction Co. in a highly watched case regarding the enforcement forum-selection clauses in business contracts. In this case, Virginia-based Atlantic Marine had subcontracted with J-Crew Management, Inc. of Killeen, Texas, to provide labor and materials for construction of a Fort Hood children’s center for the Army Corp of Engineers. The contract agreed upon by both companies stipulated that any dispute in the project would be heard in Virginia. After a dispute arose, J-Crew filed suit in federal court in Austin. The Supreme Court agreed to hear the case after the 5th Circuit Court of Appeals supported an earlier ruling from the U.S. District Court which stated that hearing the case in Virginia would result in significant expenses and inconvenience for witnesses and parties in the case. In writing the Court’s opinion, Justice Samuel Alito wrote: “When parties agree to a forum-selection clause, they waive the right to challenge the preselected forum as inconvenient or less convenient for themselves or their witnesses, or for their pursuit of the litigation. A court accordingly must deem the private-interest factors to weigh entirely in favor of the preselected forum.” Locke Lord Partner Scott Hastings, who argued the case for Atlantic Marine, said the 5th Circuit and other appeals courts across the country have been split regarding the proper procedural mechanism to enforce forum-selection clauses, which resulted in many of these clauses being ignored. The Atlantic Marine case, he said, was an excellent opportunity for the Justices to resolve this important issue affecting commerce and the judicial system, thereby ensuring that contractual clauses are enforced as written.
Locke Lord represented the City of Atlanta, Georgia, at the Initial Closing for the land acquisition and construction of a new retractable roof NFL/MLS/World Cup/SEC Championship stadium and demolition of the existing Georgia Dome. The new facility – estimated to cost approximately $1.2 billion – is scheduled to open in 2017. Locke Lord’s Louis Cohen, who heads the Firm’s Finance, Banking & Real Estate Department, is the lead, with assistance from Atlanta attorney Vita Zeltser.
Locke Lord represented Comstock Resources, Inc. in its agreement with Ursa Resources Group II LLC to acquire 70 percent of Ursa’s interests in oil and gas properties in Burleson and Washington Counties, Texas for $66.5 million. The properties being acquired include one well producing 433 barrels of oil equivalent per day and approximately 32,000 gross acres (20,000 net) that are prospective for oil in the East Texas Eagle Ford shale formation. Locke Lord attorney David Patton led the transaction with assistance from Max Stubbs.
Locke Lord advised China Public Procurement (Hong Kong) Technology Company Limited in respect of a secured loan granted to its subsidiary, Top Blast Limited, by Equities First Holdings, LLC. The aggregate amount of the secured loan transaction is up to US$75 million, to be drawn down in a series of tranches. Michael Fung led the Locke Lord team, which included Balbir Bindra, Matthew Wong, Jeffrey Kung, and Carmen Liang.
Posted November 2013
Locke Lord advised Rialto Energy Limited (AIM:ASX) – an oil and gas exploration and production company – on a transaction in which Vitol acquired 65 percent of the shares in Rialto Energy (Cote d’Ivoire) Limited (“Rialto CdI) in exchange for providing $50 million of loan capital to be invested in a to-be-agreed Block CI-202 work program in the Ivory Coast. London-based Partner James Channo led the team for Locke Lord, assisted by Luke Morris, Nicole Lyons, Leon Miller and Philippa Townley.
Locke Lord advised Halcyon Capital Limited as the sponsor in the HK$80 million initial public offering and listing on the Main Board of the Stock Exchange of Hong Kong of shares by Mega Expo Holdings Limited, a group engaged in management and organization of trade exhibitions and provision of exhibition related services in Hong Kong. Hong Kong partner, Michael Fung, led the Locke Lord team, which included Jeffrey Kung, Gloria Ting and Kevin Chan.
Locke Lord represented NGL Energy Partners LP in its $890 million purchase of Gavilon, LLC, a midstream energy company that operates integrated crude oil storage, terminal and pipeline assets located in Oklahoma, Texas and Louisiana, along with a complementary crude oil and refined products supply, marketing and logistics business. NGL owns and operates a vertically integrated energy business with four primary businesses: water services, crude oil logistics, NGL logistics and retain propane. Locke Lord attorneys Terry Radney, Greg Heath, Mitch Tiras, Ed Razim, Jerry Higdon, Britt Nelson, Van Jolas, Jeannie Diep, Derek Speck, Anna Kuperstein, Laura Ferguson and Ryan Morgan worked on the transaction.
Posted October 2013
Locke Lord recently assisted in the formation of Tanos Energy II, a Texas-based company that will engage in the acquisition and development of oil and gas assets - with a specific focus on horizontal development - in the Arkansas-Louisiana-Texas region. Private-equity firm Quantum Energy Partners has committed more than $200 million to the startup . Mitch Tiras and Eric Larson represented Tanos.
Locke Lord represented Volkswagen and Audi AG in its successful bid in Federal Circuit Court to stop infringement claims by Kruse Technology Partnership. Kruse, a maker of internal engine components, alleged Volkswagen and Audi had incorporated Kruse’s technology, designed to make diesel engines run more efficiently. Locke Lord’s John Sweeney, Joseph Farco and Steven Meyer represented Volkswagen and Audi.
Locke Lord represented Argent Energy (US) Holdings Inc. in its $105 million acquisition of producing oil and gas assets in Wyoming from Hilcorp Energy X, L.P. The Firm also served as lead U.S. counsel for Argent’s increase in its credit facility in regards to the acquisition. Locke Lord attorneys Mitch Tiras, David Taylor, Max Stubbs, Lyman Paden, Dean Hinderliter and David Patton represented Argent.
Locke Lord represented Natural Gas Partners in its recent capital commitment to establish The Catapult Group, a fund that will invest in start-up oilfield services companies established by experienced, entrepreneurial managers. Catapult also will provide back-office services such as systems and consulting in accounting, finance, human resources, IT, legal, HSE and risk management services. Already, Catapult has funded experienced management teams to build a well testing company and a coiled tubing service company. Founded in 1988, Natural Gas Partners (NGP) is a $10.5 billion family of private equity investment funds organized to make investments in the natural resources sector. Locke Lord’s Mitch Tiras, Kevin Peter and Eric Larson worked on the establishment of this fund.
Posted September 2013
Locke Lord represented Retractable Technologies, Inc. in its $340 million jury verdict against rival syringe manufacturer Becton Dickinson & Company. Retractable Technologies is a Texas-based manufacturer of safety medical devices. The verdict vindicated Retractable Technology's claim that Becton Dickinson and Company illegally engaged in anticompetitive conduct with the intent to acquire or maintain monopoly power in the safety syringe market and engaged in false advertising under the Lanham Act. Locke Lord lawyers Roy Hardin, Steve Wilson, Paul Schuster, Cindy Timms, Mark Backofen, Galyn Gafford, Susan Adams and Ellen Miers Peeples represented Retractable Technologies.
Locke Lord represented First American Financial Corporation in its role as a minority-selling shareholder in the sale of VINtek, Inc., a provider of automotive collateral management, electronic lien and title (ELT) and consumer automotive finance processing services. Locke Lord partner Dan Peters worked on the transaction, valued at $53 million.
Locke Lord LLP is serving as legal advisor to National Oilwell Varco, Inc. (NOV) in its plan to pursue a spin-off of its distribution business from the remainder of the company, creating two stand-alone, publicly traded corporations. NOV designs, manufactures, and sells equipment and components used in oil and gas drilling and production operations. The distribution company will be a provider of maintenance, repair and operating supplies to the energy and industrial markets. Locke Lord Partners Eric Johnson, Mike Peters, Mike Rutledge and Andrew Betaque are advising NOV.
Locke Lord served as U.S. legal advisor to Duff & Phelps in its role as financial advisor to the Independent Committee of the Board of Directors of Camelot Information Systems Inc. (NYSE: CIS), a leading provider of enterprise application services and financial industry information technology services in China, in a going-private transaction valued at $98.2 million. Partners Whit Roberts and Charles Wu advised Duff & Phelps.
Locke Lord represented BluePay Processing in its sale and recapitalization in a transaction with TA Associates, a private equity firm based in Boston. BluePay Processing is a provider of technology-enabled payment processing services to merchants in the United States and Canada. The transaction also involved negotiating terms on behalf of BluePay Inc. (which controlled a majority of BluePay Processing) with Goldman Sachs (which controlled the remainder of BluePay Processing). Locke Lord represented BluePay Processing in the negotiation of the principal transaction with TA Associates and represented BluePay Inc. in connection with negotiations with Goldman Sachs and in connection with the rollover of equity by BluePay Inc. in the recapitalized entity. Locke Lord lawyers Sean Fifield, Lou Rosen, Chris Allison, Kevin Kelly, Nisha Patel, Larry Hansen and Vicky Gunning worked on the sale.
Locke Lord represented Energen Resources Corporation (“EGN”) in the negotiation of a Purchase and Sale Agreement for the sale of its Black Warrior Basin coalbed methane assets in Alabama to an undisclosed buyer for $160 million. Locke Lord lawyers Terry Radney, Pat Beaton, Ed Razim, Mitch Tiras, Hunter Summerford and Max Stubbs worked on the sale.
Posted August 2013
In an important aviation case, Locke Lord recently helped client Star Insurance win summary judgment in the U.S. District Court for the Central District of California confirming the requirement that pilots strictly comply with their insurance policy’s pilot warranty endorsement. U.S. District Judge John Kronstadt granted partial summary judgment to Star Insurance Company in the case which involved a dispute with Star’s Insured, the Walter Johnson Family Trust, over compliance with a pilot warranty endorsement (PWE). The PWE required training at a Cessna-approved ground and flight training school, or an equivalent approved school, in the insured make and model aircraft, within the preceding 12 months of the intended flight. This case arose out of a Sept 2011 crash in Tehachapi, Calif. The pilot, Walter Johnson, and a passenger, John Nuckolls, were killed when Johnson’s 1979 Cessna P210 crashed into a hillside. The crash ignited a 14,000 acre brush fire that destroyed dozens of buildings in its path. In representing Star, Locke Lord attorneys Christopher Barth and Susan Welde argued that Johnson did not complete the training required by the PWE, thus no coverage arose under the insurance policy. The Trust’s attorneys failed to counter with any evidence showing Johnson completed the requisite training, but instead argued his completion of a biennial flight review (BFR) (pursuant to 14 CFR §61.56) was the functional equivalent of the manufacturer’s training school. Judge Kronstadt’s ruling rejected the Trust’s arguments, finding that Johnson was obligated, but failed, to comply with the requirements of the PWE. The Court specifically found that a BFR was not the functional equivalent of a manufacturer-approved training school. The District Court relied upon the 9th Circuit’s prior decision in Trishan Air, Inc. v. Federal Ins. Co., 635 F.3d 422 (9th Cir. 2011) to find strict compliance with the PWE’s terms was central to the risk insured and, accordingly, exact compliance with its terms was required. As the Trust failed to counter with any evidence showing Walter Johnson’s compliance with the PWE’s training requirements, the Court granted Star summary judgment based on the PWE.
Locke Lord attorneys Mitch Tiras and Greg Heath represented Natural Gas Partners (NGP) in its $65 million preferred equity investment in Parsley Energy, LLC (Parsley). Founded in 1988, NGP is a family of private equity investment funds organized to make investments in the natural resources sector and is part of the investment platform of NGP Energy Capital Management, an investment franchise in the natural resources industry, which together with its affiliates has managed $13 billion in cumulative committed capital since inception. Parsley is a Midland, Texas-based company, founded in 2008. With 9 rigs running in the Midland Basin., Parsley is currently producing over 17,000 barrels of oil equivalent per day (“Boepd”) on a gross operated basis and over 5,000 Boepd on a net basis.
Cheung & Lee in association with Locke Lord (HK) LLP has advised the Mongolia Investment Group Limited in its acquisition of the relevant interests involving a group of companies known as the Peace Map Group, which covers the geographical information systems industry chain in the People’s Republic of China and holds several unique licenses and operations certificates. This is a substantial acquisition within the meaning of the Hong Kong Listing Rules. The completion of the transaction marks the successful establishment of a VIE structure for an industry where foreign investment is prohibited by the foreign investment catalogue issued by the Ministry of Commerce of the People’s Republic of China. Hong Kong Partner Wing Leung Cheung led the Locke Lord team of Roger Wong – Of Counsel and Max Hui – Trainee Solicitor in the transaction which was valued at approximately US$200 million and was completed on August 2, 2013. The representation included giving advice to the purchaser on Hong Kong laws, particularly in relation to the Sale and Purchase Agreement and the Placing Agreement, and the Listing Rules implications.
Locke Lord represented White Deer Energy in its purchase of J-W Measurement Company, which provides engineered gas, oil, and natural gas liquids measurement equipment, supplies and services including measurement stations, custom or standard meter tubes and meter runs, flow meters, instrumentation and related accessories, and laboratory analysis, data processing, inspections, installations, maintenance of measurement equipment and facilities, gas production units and dehydrators. Locke Lord attorneys working on the deal included Joe Perillo, Walker Clarke, Lauren Corbeil, Ed Razim, Buddy Sanders, Jerry Higdon, Brit Nelson, Van Jolas, Tammi Niven and Ryan Morgan.
Posted July 2013
Locke Lord represented Crestwood Midstream Partners LP (CMLP) in its acquisition of RKI Exploration & Production’s 50 percent interest in the Jackelope Gas Gathering Services, L.L.C. joint venture with Access Midstream Partners L.P. Attorneys Bill Swanstrom, Mitch Tiras, Steve Peterson, Dale Smith, Phil Lau, Michelle Earley, Mechelle Smith and Kelly Gaide worked on the acquisition, which included the negotiation of a Gas Gathering & Processing Agreement and Construction & Operating Agreement with both Access and RKI. Locke Lord also represented CMLP in the negotiation of a LLC Agreement with GE Energy Financial Services, which is providing up to $150 million of equity financing in connection with the Jackalope joint venture.
Posted June 2013
Locke Lord Austin Partner Skip Watson and counsel Mike Hatchell won a Supreme Court of Texas decision for client XTO Energy clarifying the landowner’s burden of proof under the accommodation doctrine. The Supreme Court held that before a landowner can require an oil and gas producer to adopt a less interfering means of production, the landowner must first prove that the producer’s chosen means of production destroys or substantially impairs the existing use of the land and that the existing land use cannot be reasonably adapted to accommodate the producer’s chosen means of production. The 9-0 decision in Merriman v. XTO, announced June 21, is considered a landmark case in defining the competing interests of Texas landowners and oil and gas leaseholders.
Locke Lord attorneys, led by Houston Partner Brett Hamilton, represented JPMorgan Chase Bank, N.A., in three financial transactions valued at nearly $730 million. The transactions included representation of JPMorgan as the administrative agent in a $625 million revolving and term loan facility with foreign currency alternatives, which was assisted by Houston Partner Paul Pruett and Houston Associate Travis Hedgpeth; representation in a $40 million construction loan for an HEB-anchored retail center in Houston, assisted by Houston Associate Michelle Gutierrez-Begin; and representation of JPMorgan as the administrative agent in a $64 million apartment construction loan in Seattle, with assistance from Houston Associate Katie Chachere.
Locke Lord represented Impala Warehousing (US) LLC, a wholly-owned subsidiary of Trafigura AG, in a long-term $200 million tax-exempt bond financing for development of the Burnside Terminal in Louisiana. Located between New Orleans and Baton Rouge, the terminal is slated to become one of the country’s largest coal facilities and a major bulk terminal for coal, bauxite and alumina. It currently handles raw materials and is one of the only Mississippi River facilities that accommodates both barge and rail transportation. The complex, two-part structured financing transaction began about 1 1/2 years ago and involved an initial variable rate tax-exempt bond issue and, on June 12, 2013, two issues of fixed rate tax-exempt bonds to refinance the variable rate issue and provide additional financing for the terminal. The Locke Lord team working on the transaction included Dallas Partner Mike Schulman: Houston Partner Bill Swanstrom; Dallas Partners John McKnight and Elizabeth Mack; New Orleans Partners Rob Mouton and Victoria de Lisle; New York Partner Keith Krasney; Washington, D.C., Partner Xanthe Larsen; and Houston Associate Vince Cangolosi.
Locke Lord Dallas Partners Billie Ellis and Andrew Betaque, Dallas Counsel Dovi Adlerstein, Dallas Associates Brian Mobley, Susan Rainey and Kevin Satter and Dallas Staff Counsel Paul Lee represented The Around the Clock Freightliner Group in its more than $100 million sale to Transportation Resources. The Locke Lord team’s work included structuring and negotiating the deal.
Locke Lord, led by Houston Partners Mitch Tiras, David Patton, David Taylor and Lyman Paden, represented Argent Energy Trust – a company listed on the Toronto Stock Exchange – in a $75 million debt offering for additional investment in Texas’ Eagle Ford oil and natural gas reserves. Announced June 4, the debt offering follows the Firm’s representation last year in which we negotiated the acquisition of assets from the seller to Argent and helped the company in financing and governance matters. Argent Energy Trust plans to accelerate development of its Eagle Ford land in Gonzales and Fayette counties.
Posted May 2013
Locke Lord represented Haymaker Minerals & Royalties, LLC in a $100 million equity investment from a private equity firm. Houston Partner Mitch Tiras and Houston Associate Eric Larson handled the transaction which closed on May 9, 2013, that will assist Haymaker’s oil and gas investments in upstream oil and gas projects.
Locke Lord represents Mongolia Investment Group Limited (a listed company in Hong Kong with Stock Code No. 402) in the approximately US$200 million acquisition of the relevant interests involving a group of companies known as the Peace Map Group, which covers the geographical information systems industry chain in the People’s Republic of China and holds several unique licenses and operations certificates. The companies are involved in geographical information data extraction, data processing and final data applications. Hong Kong Partner Wing Cheung, Of Counsel Roger Wong and Trainee Solicitor Max Hui advised the client on Hong Kong law, including the sale and purchase agreement, the placing agreement and the respective listing rules implications for the transaction, which is expected to close in late October 2013.
Locke Lord represents AJ Capital Partners and Shapack Development in a $45 million construction financing for redevelopment of a six-story former industrial building in Chicago’s West Loop into a Soho House private club and hotel. Soho House is the most profitable private club in the UK and is known for its catering to A-list members. This is only the fourth such club in the United States (New York, Miami and West Hollywood are others). Chicago Partners Lou Cohen and Ken Weiner represented the client in the transaction with Soho House International, NorthStar Financial and Doral Bank. The club/hotel is expected to open in the fall of 2014.
Posted April 2013
Locke Lord represented CSL Capital Management, LLC, of Greenwich, Connecticut, in the sale of its subsidiary PyraMax Ceramics, LLC, to Imerys, S.A. of Paris, France. The estimated $325 million transaction involved the sale of a ceramic proppants manufacturing facility in Wrens, GA. The Locke Lord transaction team included Dallas Partners Kent Jamison, Chris Allison, Mark Backofen, Van Jolas, Harriet Miers, and Chris Schrauff; Houston Partner Ed Razim; Dallas Associate Matt Stockstill and Dallas Staff Counsel Katherine Tullos.
The U.S. Supreme Court has granted a Petition filed by Locke Lord Dallas Partner W. Scott Hastings on behalf of Atlantic Marine Construction Company to review the Fifth Circuit’s ruling on the enforceability of a choice-of-forum clause in a federal construction contract. Hastings says the pending case “presents an excellent opportunity for the court to resolve a long-running split in circuit court authority regarding enforcement of forum selection clauses.” The Firm’s client had argued that its subcontractor was bound by contract to file any lawsuits stemming from the work in Virginia, but sued the client in Texas after the parties became involved in a payment dispute. The Fifth Circuit opinion did not enforce the forum selection clause, which led Hastings to appeal to the U.S. Supreme Court. A ruling in the client’s favor “will promote certainty for parties by enforcing contracts as written, and will conserve judicial resources by allowing parties to avoid wasteful litigation over where to litigate when the matter has already been addressed and resolved in the governing contracts,” Hastings said. For Law360 coverage of this case, please see http://www.law360.com/articles/428963 and http://www.law360.com/articles/410276/justices-urged-to-review-construction-contract-forum-deals
The international law firm of Locke Lord represented Felix Energy, LLC in a $400 million capital commitment in a financing led by EnCap Energy Capital Fund IX, L.P. Houston Partner Mitch Tiras led the Locke Lord team, which included Houston Partner Steve Peterson and Houston Associate Jeannie Diep. The transaction closed April 3, 2013.
Locke Lord was engaged to represent the City of Atlanta, Georgia, in connection with the development and financing of a new NFL stadium to be used for home games for the Atlanta Falcons and for other sports, convention and entertainment events currently held in the Georgia Dome. The new facility – estimated to cost approximately $1 billion – will be a state-of-the-art retractable roof venue scheduled to open in 2017. Locke Lord’s Louis Cohen, who heads the Firm’s Finance, Banking & Real Estate Department, is the lead, with assistance from Atlanta attorney Vita Zeltser. For more information on the project, the City of Atlanta’s press release can be found at the following link: http://www.atlantaga.gov/index.aspx?page=672&recordid=1783
Locke Lord LLP represented Crestwood Midstream Partners, LP as issuer’s counsel in connection with the public offering of $125 million in common units that closed March 22, 2013. Locke Lord’s team included lead Partner Michelle Earley (Austin); Partners David Taylor and Mitch Tiras (Houston); and Senior Counsel Jeff Wallace (Dallas).
A collaborative team involving several Locke Lord offices represented Louisiana Pellets, Inc. in connection with the issuance of $35 million in private activity bonds for the first phase of the financing for a biomass wood pellet production facility to be constructed in Urani, Louisiana. The team lead is New Orleans’ Partner Victoria de Lisle
and includes Partners Mark Miller
and Ben Cowan
and Associate Lauren Corbeil
(Houston), and Associate Hans Heppe