Qualified Opportunity Zones: A Basic Summary The Qualified Opportunity Zone regime offers taxpayers a once-in-a-generation chance to invest in designated geographical areas and potentially defer and reduce invested capital gains and pay no tax upon the sale of the new investment. The regime is very flexible and allows… Read more
McGinnis Lochridge's Oil & Gas Newsletter: Producer's Edge keeps clients informed about Texas oil and gas case law, regulatory updates, and insightful articles relevant to the oil and gas community. In this edition, we present several insightful articles, including an article covering the recent Barrow-Shaver opinion from the Texas Supreme Court involving… Read more
In McGinnis Lochridge’s most recent win, Houston Partners Don Jackson, Chris Halgren, and Austin Brister secured a $44M judgment in a suit against EP Energy. The win was covered in Law360, (“EP Energy Must Pay $44M For Oil And Gas Lease Payments”), and the San Antonio Business Journal (“A top-producing,… Read more
Senate Bill 943 (SB 943) was recently signed by Governor Abbott and substantially amends Texas’ Public Information Act (PIA). The amendments to the PIA will take effect on January 1, 2020, and will likely have significant impacts on disclosure obligations under the PIA. Governmental entities and those that may contract with governmental… Read more
In his article published in the May 2019 issue of the Austin Lawyer, a publication of the Austin Bar Association, Ethan Ranis, McGinnis Lochridge attorney, discusses the complexities and considerations of attorney’s fees and costs, including pleadings and procedures necessary for recovery. To read the article, click here. Read more
Chevron’s acquisition of Anadarko may have signaled the beginning of a consolidation wave about to hit the oil-rich Permian Basin region. Many experts anticipate that more fossil fuel “giants” will move to purchase independent producers who are struggling with cash flow, hampering their ability to develop their acreage. Other giants… Read more
McGinnis Lochridge's Oil & Gas Newsletter: Producer's Edge keeps clients informed about Texas oil and gas case law, regulatory updates, and insightful articles relevant to the oil and gas community. In this first edition, we highlight several recent Texas oil and gas cases. We also highlight Partner Donald D. Jackson, and… Read more
On Monday, March 25, Ashton G. Cumberbatch, Jr., Special Counsel with McGinnis Lochridge, will be honored at The First Tee of Greater Austin’s 11th Annual 9 Core Values Awards Luncheon. The event will recognize outstanding leaders from the Austin community whose work reflects The First Tees 9 Core… Read more
Partner Jonathan Baughman, Chair of the firm’s Oil & Gas Practice Group, was called on by Bloomberg News to provide context about the likely Federal investigation into the recent chemical blaze at the Intercontinental Terminals Co.’s (ITC) petrochemical complex in Houston. At the current time, both Federal and local… Read more
McGinnis Lochridge is pleased to welcome Sophia Makris as an Associate in Austin. She joins the firm’s Corporate & Tax Practice Group where she will represent clients in connection with mergers and acquisitions, corporate securities, banking matters and other commercial transactions. Makris was previously an associate with Alston & Bird… Read more
The Department of Labor’s (“DOL”) Wage and Hour division issued a highly anticipated notice of proposed rulemaking (NPRM) on March 7, 2019, seeking to raise the minimum salary threshold to qualify for the Fair Labor Standard Act’s (“FLSA”) “white collar” exemptions for executive, administrative, or professional (“EAP”) workers. The proposed… Read more
McGinnis Lochridge announced today the growth of the firm’s International Trade and Transactions Practice Group with the addition of Jamie Joiner and Lindsey Roskopf, one of the state’s leading attorney teams focusing on international trade law, including export controls, sanctions, and customs matters. Jamie and Lindsey, who join as… Read more