A Locke Lord team led by Jason Schumacher (Dallas), Scott Arrington (Houston) and Julie Dziobak (Boston) represented Kosmos Energy in a crude oil prepayment agreement with Trafigura Trading LLC.
A Locke Lord team led by James Channo (London) represented listed client SolGold Plc (LSE & TSX) in the completed placing of 121,359,680 ordinary shares with new and existing investors at a placing price of 21.5 pence per placing share.
Richard Reibstein (New York) and Andrew Reed (Houston) represented a UK staffing company, which operates a Houston branch focused on placing talent in the oil and gas industry, in a non-solicitation dispute.
A Locke Lord team led by Rob Mouton (New Orleans) and Bob Baute (Providence) represented Melody Investment Advisors LP in connection with the acquisition of 90% of Uniti Towers, the wireless tower business of real estate investment trust Uniti Group Inc. (NASDAQ: UNIT), for approximately $220 million in cash.
Christopher Martin and Stuart Lawson (both of Houston) advised Stewart Information Services Corporation (NYSE:STC) in its recently completed acquisition of United States Appraisals, a transaction reinforcing the continued growth of Stewart’s lender services functions as a component of its comprehensive title and real estate services offerings.
Ira Greenberg and Kait Levine-Brown (both of New York) represented Mazars USA LLP in the dismissal of a lawsuit brought against Mazars and one of its partners over an insurance trust of which the partner was a trustee.
A Locke Lord team led by Jeff Etherington (New York) advised iA Financial Group in the completed acquisition of Austin-based IAS Parent Holdings, Inc., and its subsidiaries for a total enterprise value of $720 million, following a competitive auction process.
A Locke Lord team led by Joe Perillo (Houston) represented Flow Management Devices, LLC (Flow MD), in a completed acquisition by IDEX Corporation. Flow MD, a privately-held provider of flow measurement systems that ensure custody transfer accuracy in the oil and gas industry, was purchased for approximately $125 million.
A Locke Lord team led by Jack Jacobsen (Dallas) represented Comstock Resources, Inc., in an underwritten public offering of 40,000,000 shares of common stock at a price of $5.00 per share, with a 30-day option for underwriters to purchase up to 6,000,000 additional shares of common stock.
A Locke Lord team led by Tim Xia (Atlanta) and Charles Wu (Chicago) represented SORL Auto Parts, Inc., a public company listed on the NASDAQ, in its going private transaction that closed on May 15, 2020.
A Locke Lord team led by Jason Schumacher (Dallas), represented Burk Royalty Co., Ltd., in the sale of oil and gas assets in East Texas to ETX Energy, LLC, for an undisclosed amount.
A Locke Lord team advised Lamar Advertising on two unrelated transactions: an amendment to its $175 million accounts receivable securitization program that closed on May 6, 2020, which had the effect of substantially increasing liquidity under that facility, and a $400 million high yield bond transaction that closed on May 12, 2020.
A Locke Lord team led by Bill Swanstrom and Mechelle Smith (both of Houston) represented Crestwood Equity Partners in the acquisition of terminaling and storage assets in several states from Plains All American Pipeline, LP, for approximately $160 million.
A Locke Lord team led by John Arnold, along with Mark Miller and Gerry Pels (all of Houston), represented Macquarie Principal Finance in critical elements of Macquarie’s acquisition of Multifuels Midstream Group’s regulated natural gas pipeline system in Central Texas.
A Locke Lord team led by Joe Perillo (Houston) represented Gyrodata, Incorporated in the sale of its directional drilling business to Intrepid Drilling Specialists, Limited, for an undisclosed value. The sale includes effectively all of Gyrodata’s directional drilling personnel, as well as its high-performance drilling motors and MWD tools.
In a ruling that has industry-wide significance, a Locke Lord team led by Daron Janis (Boston), Scott Hastings (Dallas) and David Foster (Austin) obtained a judgment in favor of Freddie Mac before the Texas Supreme Court, which preserved equitable subrogation for Texas home-equity loans.
Christopher Martin (Houston) and Brett Pritchard (Chicago) led a Locke Lord team representing Houston International Insurance Group, Ltd. (HIIG) in the recently completed $100 million private placement offering of securities to its existing shareholders.
Hugh Balsam (Chicago), Tom Cunningham (West Palm Beach) and Tara Trifon (Hartford) obtained a judgment in favor of their client U.S. Bank in an appeal from a dispute over whether a bank was required to conduct a face-to-face meeting with a mortgage borrower before initiating foreclosure proceedings.
Hugh Balsam (Chicago) argued an appeal before The U.S. Court of Appeals for the Federal Circuit, which affirmed a judgment in favor of Sennco Solutions, Inc., on April 20, 2020.
Richard Reibstein and Christopher Fontenelli (New York), working with local litigation counsel in Arkansas, obtained an order of dismissal in a multi-count complaint filed in Arkansas state court against a leading food manufacturing client. The plaintiff was an independent contractor that distributed the products of the Locke Lord client to retail outlets. After the distributor was terminated by the client for business reasons, the distributor commenced a lawsuit asserting a claim under the Arkansas Franchise Practices Act as well as five common law tort claims ranging from interference to civil conspiracy.
New York’s Richard Reibstein and Janet Barsky obtained a determination in favor of their Brooklyn, New York, client after a two-day hearing before an administrative law judge (ALJ) for the New York State Department of Labor.
A Locke Lord team led by Greg Heath and Jeannie Diep (both of Houston) represented Main Street Capital Corporation in two transactions in March 2020. First, Main Street completed a new portfolio investment in Cody Pools, Inc., a leading designer and builder of premium, highly customized swimming pools and spas for residential and commercial customers in the United States. Main Street funded $24.4 million in a combination of first-lien, senior secured term debt and a direct equity investment and, along with one co-investor, will provide Cody with a credit facility to support its future growth initiatives and working capital needs.