Bell Nunnally & Martin LLP RSS Feedhttps://www.bellnunnally.com/?t=39&format=xml&stylesheet=rss&directive=0&records=20en-us20 Jan 2021 00:00:00 -0800firmwisehttp://blogs.law.harvard.edu/tech/rssBrent Turman to Present for the King County Bar Associationhttps://www.bellnunnally.com/?t=40&an=114419&format=xml&p=7016<strong>Event Details:</strong><br /> <br /> Partner Brent Turman is presenting &ldquo;Litigating Partnership Disputes&rdquo; for the King County Bar Association.<br /> <br /> <strong>Date/Time:</strong><br /> <br /> January 20, 2021<br /> 2:00 PM CT<br /> <br /> <strong>Overview:</strong><br /> <br /> Litigator Brent Turman provides a cautionary tale about the pitfalls of working closely with others without a written agreement in place. When informal ventures succeed beyond measure, best friends can turn into worst enemies. Turman explains how that exact scenario took place years ago, leading to a fight over royalties stemming from three books from the New York Times Best Sellers list.<br /> <br /> Turman talks about how his trial team secured a $13.2 million judgment for the client after the jury found she was a partner in the original publishing company. The jury&rsquo;s findings were based not on a fully-executed agreement, but on all of the founders&rsquo; conduct in operating the business.Events20 Jan 2021 00:00:00 -0800https://www.bellnunnally.com/?t=40&an=114419&format=xmlConsolidated Appropriations Acthttps://www.bellnunnally.com/?t=40&an=114414&format=xml&p=7016<p><strong>Posted: January 19, 2021 at 4:20 PM<br /> <br /> </strong></p> <p>On Dec. 27, 2020, the &ldquo;Consolidated Appropriations Act, 2021&rdquo; was signed into law. This behemoth 5,593 page act allocated $1.4 trillion for omnibus federal budget spending, and $900 billion for COVID relief. The act includes the 12 regular appropriations bills for fiscal year 2021, along with supplemental appropriations for coronavirus response and relief. The law itself comprises of 32 divisions, but this article focuses on benefits to business owners as a result of the supplemental appropriations for coronavirus relief.</p> <p><b><u>Monetary Relief for Businesses</u></b></p> <p><u>Paycheck Protection Program</u></p> <p>The Consolidated Appropriations Act includes a $325 billion business boost in addition to the coronavirus relief provided in March 2020. This includes $284 billion in loans through the Paycheck Protection Program. The Paycheck Protection Program retains the loan forgivable qualities, but has been expanded to include newspapers and TV and radio broadcasters. The Paycheck Protection Program is discussed in more detail by Bell Nunnally&rsquo;s Commercial Finance team here.</p> <p>The act revives and makes key changes to the Paycheck Protection Program Flexibility Act of 2020 (&ldquo;PPP Act&rdquo;) that Congress passed, and was signed into law, in June 2020. The PPP Act relaxed certain requirements of and restrictions on PPP loans, which were established by the CARES Act and clarified by subsequent guidance from the Small Business Administration (SBA) and the U.S. Department of the Treasury. The act revives the small-business relief effort that Congress established last spring, committing $285 billion for additional PPP loans and extending the deadline to apply for PPP loans to March 31. The act allows the hardest-hit businesses to receive a second draw PPP loan, with extra relief provided to food services and hotels; expands the list of eligible expenses that PPP funds may cover; and permits PPP recipients to deduct expenses covered with PPP funds. The act also expands the types of programs eligible for first-time PPP loans.</p> <p>While the loan amount for most borrowers will be the same as the amount of their initial PPP loans, second draw loans are capped at $2 million per borrower. This is significantly lower than the $10 million cap placed on initial PPP loans in the CARES Act. The act, however, allows businesses within the accommodation and food services industries to receive second draw loans of up to three-and-one-half times their monthly average payroll costs.</p> <p>The act simplifies the loan forgiveness process for recipients of a PPP loan of $150,000 or less. To begin the loan forgiveness process, recipients must sign and submit a letter of certification, which will be provided by the SBA Administrator no later than 24 days after the act&rsquo;s enactment. The certification letter will be no more than one page in length and will verify the loan recipient&rsquo;s eligibility to their lender. The letter must provide specific information relating to the entity&rsquo;s loan including: 1) the number of employees the eligible recipient was able to retain because of the covered loan; 2) the estimated amount of the covered loan amount spent by the eligible recipient on payroll costs; and 3) the total loan value.</p> <p>The act offers a second PPP loan to companies who meet certain eligibility criteria. Specifically, businesses applying for a second draw loan must show that they &mdash; and their affiliates &mdash; &ldquo;employ not more than 300 employees.&rdquo; Additionally, businesses are eligible only if they have used or will use the full amount of their initial PPP loan and have lost at least 25 percent of their revenue in any quarter of 2020. Specifically, eligible entities must have gross receipts that demonstrate a 25 percent or more reduction from the gross receipts of the entity during the same quarter in 2019. Entities that submit applications on or after January 1 are eligible to utilize their gross receipts from the fourth quarter of 2020. However, entities not in operation on or after Feb. 15, 2020 are not eligible for initial PPP loans nor second draw loans.</p> <p>Notably, the new law also reverses the tax treatment for PPP loans. The CARES Act did not allow for taxable cancellation of indebted income, or a loss of tax attributes. The IRS&rsquo;s previously issued guidance indicating that PPP loan proceeds were not tax deductible, even if those proceeds were used for authorized business expenses and could be forgivable. The new law reverses this rule and permits taxpayers whose PPP loans are forgiven to deduct the expenses relating to their loans to the extent they would otherwise qualify as ordinary and necessary business expenses. This rule change applies retroactively, so the PPP loan funds can be tax deductible, regardless of when the loan was forgiven. The tax treatment under the CARES Act is discussed in more detail by Bell Nunnally&rsquo;s Commercial Finance team here.</p> <p><u>Specific Aid to Business Industries</u></p> <p>The new act also allocates $15 billion in funds for live venues, museums, independent movie theaters and cultural institutions. These &ldquo;shuttered venue&rdquo; businesses can apply for grants if they have less than 500 employees. A &ldquo;shuttered venue&rdquo; may apply for a grant; however, receiving a grant bars them from receiving PPP funds.</p> <p>The act takes an incremental approach to disbursing grant funds. Only eligible entities that saw a 90 percent or more loss in revenue during the period beginning on April 1, 2020 and ending on Dec. 31, 2020 when compared to the same period in 2019 are eligible to receive funds within the initial 14 days during which the SBA allocates funds. Entities with a 70 percent or more loss in revenue are eligible to receive funds after the initial 14-day period ends. After the first 28 days of issuing grants, the SBA may award a grant to any eligible entity.<a href="#_ftn1" name="_ftnref1" title=""><span><span><span><span>[1]</span></span></span></span></a></p> <p>The new act also allocates funds for the heavily impacted transportation industries, and other industries as follows:</p> <ul type="disc"> <li>$20 billion for businesses in low-income communities</li> <li>$15 billion for struggling live venues, including movie theaters, and museums</li> <li>$15 billion for airlines</li> <li>$2 billion for airports</li> <li>$12 billion for lenders in low income communities</li> <li>$15 billion in entertainment venues</li> <li>$12 billion to farmers and ranchers</li> <li>$1 billion for Amtrak</li> <li>$14 billion for transit systems</li> <li>$2 billion for the bus industry</li> <li>$10 billion for state highways</li> </ul> <p><b><u>Economic Injury Disaster Loans </u></b></p> <p>The new law also includes 20 billion for Economic Injury Disaster Loans. EIDLs are federal assistance that provides loan assistance to small businesses or private, non-profit organizations that suffer substantial economic injury as a result of the declared disaster, regardless of whether the applicant sustained physical damage.</p> <p><b><u>No Liability Protections for Businesses</u></b></p> <p>The law does not include liability protection for businesses and other entities from COVID-19-related lawsuits for businesses, universities and health care centers. The lack of liability protection will impact the way businesses continue to operate safely. The measures business owners can take to minimize liability due to COVID is discussed in more detail by Bell Nunnally&rsquo;s Litigation team here.</p> <p><b><u>Individual Relief, Paid Sick Relief, and Enhanced Unemployment </u></b></p> <p>In addition to the &ldquo;business boost,&rdquo; the new law also appropriates $166 billion for relief to individuals. The new law extends programs that were part of the historic expansion of the nation's unemployment system as part of the $2 trillion CARES Act in late March, but does not make significant amendments to the leave policy outlined in the Families First Coronavirus Response Act (FFCRA).</p> <p><u>Paid Family and Sick Leave</u></p> <p>As many employers may be aware, CARES Act allowed eligible employees to receive two weeks of paid sick leave to either: (1) self-quarantine; or (2) seek a COVID-19 diagnosis or preventive care. Employees could also receive two weeks of paid sick leave if the employee was caring for a family member with a COVID-19 diagnosis or to care for a child whose school or daycare has closed in response to concerns about the virus. A violation of this leave policy could result in a violation of the Fair Labor Standards Act (FLSA). Under the CARES Act, this policy expired on Dec. 31, 2020.</p> <p>Under the new act, an employer is no longer required to provide FFCRA leave after Dec. 31, 2020, but an employer (of less than 500 employees) <i>may</i> voluntarily decide to provide its employees with such leave until March 31, 2021. Employers who do chose to voluntarily provide paid sick leave will be entitled to receive employer tax credits for leave granted until March 31.<a href="#_ftn2" name="_ftnref2" title=""><span><span><span>[2]</span></span></span></a></p> <p><u>Enhanced Unemployment</u></p> <p>Under the CARES Act, the Pandemic Unemployment Assistance (PUA) program allowed independent contractors, the self-employed, freelancers and gig workers to qualify for unemployment insurance. This program would have expired on Dec. 31, 2020, but the new act extends the program through March 14. According to the U.S. Department of Labor, under the new act, the PUA program extends to those weeks of unemployment ending on or before March 14.<a href="#_ftn3" name="_ftnref3" title=""><span><span><span><span>[3]</span></span></span></span></a> In states where the week of unemployment ends on a Sunday, the last payable week of PUA is the week ending March 14 (March 13 if weeks of unemployment end on Saturday). If an individual on PUA has not exhausted their benefit eligibility of 50 weeks, the individual may continue receiving benefits through April 5.</p> <p>The Federal Pandemic Unemployment Compensation (FPUC) expired July 31, 2020, but was reauthorized by the act, which modified FPUC to provide $300 per week to supplement benefits for weeks of unemployment beginning after Dec. 26, 2020, and ending on or before March 14.</p> <p>Further, the new act authorizes individuals to receive stimulus checks of $600. Individuals making up to $75,000 a year will receive a payment of $600, while couples making up to $150,000 will receive $1,200, in addition to $600 per child.</p> <div><br clear="all" /> <hr size="1" align="left" width="33%" /> <div id="ftn1"> <p><a href="#_ftnref1" name="_ftn1" title=""><span><span><span><span>[1]</span></span></span></span></a> https://www.sba.gov/sites/default/files/2020-12/3508-Instructions-PPP%20Loan%20Forgiveness%20Application%20Instructions%20%28Revised%2012.29.2020%29-508.pdf</p> </div> <div id="ftn2"> <p><a href="#_ftnref2" name="_ftn2" title=""><span><span><span>[2]</span></span></span></a> Information about claiming refundable tax credits for qualified leave wages can be found on the IRS website (<a href="http://www.irs.gov/coronavirus/new-employer-tax-credits">http://www.irs.gov/coronavirus/new-employer-tax-credits</a>).</p> </div> <div id="ftn3"> <p><a href="#_ftnref3" name="_ftn3" title=""><span><span><span>[3]</span></span></span></a> <a href="https://www.dol.gov/newsroom/releases/eta/eta20201230-1#:~:text=On%20December%2027%2C%202020%2C%20President,the%20Consolidated%20Appropriations%20Act%2C%202021.&amp;text=The%20law%20extends%20the%20Pandemic,not%20traditionally%20eligible%20for%20them.">https://www.dol.gov/newsroom/releases/eta/eta20201230-1#:~:text=On%20December%2027%2C%202020%2C%20President,the%20Consolidated%20Appropriations%20Act%2C%202021.&amp;text=The%20law%20extends%20the%20Pandemic,not%20traditionally%20eligible%20for%20them.</a></p> </div> </div> <p><strong> </strong></p> <div><hr size="1" align="left" width="33%" /> </div>Newsletters & Client Alerts19 Jan 2021 00:00:00 -0800https://www.bellnunnally.com/?t=40&an=114414&format=xmlBell Nunnally Managing Partner Chris Trowbridge Featured in D CEO Magazine Piece on Lessons from 2020https://www.bellnunnally.com/?t=40&an=114350&format=xml&p=7016<p>Bell Nunnally Managing Partner Christopher B. Trowbridge is featured in the <i>D CEO Magazine</i> article &ldquo;On Topic: What 2020 Taught Me.&rdquo; Area business leaders were asked by the publication &ldquo;to share the biggest lessons they&rsquo;ve learned during this unprecedented time.&rdquo; Trowbridge offered:</p> <p><i>2020 taught me, or reminded me, that behind every business, there is a human factor that greatly influences the success or failure of the company. When people fear for their health, are feeling ignored or disenfranchised, or are facing discrimination and systemic racism, a leader<span> cannot ignore the experiences or feelings of team members. Encouraging healthy dialogue, communication, and action makes a business stronger.</span></i></p> <p>To read the full article, please click <a href="https://protect-us.mimecast.com/s/ZQuwCv2RL0uLZkXtyukQX?domain=dmagazine.com/">here</a>.</p>News13 Jan 2021 00:00:00 -0800https://www.bellnunnally.com/?t=40&an=114350&format=xmlFive Bell Nunnally Attorneys Featured on D Magazine's 2021 "Best Lawyers Under 40 in Dallas" Listhttps://www.bellnunnally.com/?t=40&an=114284&format=xml&p=7016<p>Bell Nunnally partners Alana K. Ackels; Andrew Dowdy; Brent A. Turman; and Ross Angus Williams, and Senior Associate Saba F. Syed have been named to <i>D Magazine</i>&rsquo;s 2021 &ldquo;Best Lawyers Under 40 in Dallas&rdquo; list, featured in this month&rsquo;s print edition.</p> <p>&ldquo;As a firm, we congratulate this outstanding group of up-and-coming attorneys that are making their mark and are part of our collective efforts to be the strategic counsel and growth partner behind every great company,&rdquo; said Christopher Trowbridge, Bell Nunnally managing partner. &ldquo;While this is a great honor for the firm, it&rsquo;s even better for our clients whose businesses directly benefit from this deep bench of talent.&rdquo;</p> <p>Attorneys under 40 who have practiced law for at least five years &ndash; primarily in the DFW area &ndash; are eligible for the &ldquo;Best Lawyers Under 40 in Dallas&rdquo; list. <i>D Magazine</i> asked metroplex attorneys to submit nominations for up to two lawyers outside their firms and one within for consideration, based on this prompt, &ldquo;Which young Dallas lawyer, of those whose work you&rsquo;ve witnessed firsthand, would you rank among the current best?&rdquo; Candidates were then vetted by a panel of area attorneys in conjunction with the publication&rsquo;s editors.</p> <p><b>Ackels</b> is a member of Bell Nunnally&rsquo;s Labor, Employment and Benefits; Litigation; and Workplace Culture and Misconduct Investigation practices. She works with companies of all sizes, advising them on how to minimize risk, protect key business assets and navigate the state and federal laws governing the employer-employee relationship. Ackels also prepares employment contracts, confidentiality and non-competition agreements, employee handbooks and other key employment policies. She also guides employers through the process of opting out of workers compensation in Texas by crafting injury benefit plans, managing the rollout, consulting on difficult claims and handling litigation when it arises. Ackels earned both her law and undergraduate degrees from Southern Methodist University (J.D., <i>cum laude</i>, 2009; B.A., <i>cum laude</i>, 2006).<span> Named to the <i>Dallas&rsquo; Business Journal</i>&rsquo;s &ldquo;40 Under 40&rdquo; list for 2019, this is her third selection to the &ldquo;Best Lawyers Under 40 in Dallas&rdquo; list.</span></p> <p><b>Dowdy</b> is a partner in the firm&rsquo;s Corporate and Securities, Mergers and Acquisitions and Tax practice areas, focusing on business formation and structures, contract drafting and negotiation, merger and acquisition transactions and federal and state tax issues. He assists clients in a broad range of general corporate matters and mergers and acquisitions. Dowdy regularly counsels clients on tax issues, including tax-efficient structures for corporate mergers, acquisitions and reorganizations and the formation and operation of tax-exempt organizations &ndash; such as 501(c)(3) public charities and private foundations. He is a graduate of Georgetown University Law Center (LL.M., 2010), Southern Methodist University&rsquo;s Dedman School of Law (J.D., 2009) and the University of Texas at Austin (B.A., 2005). Named to the &ldquo;Texas Rising Stars&rdquo; list since 2019, this is Dowdy&rsquo;s first selection to the &ldquo;Best Lawyers Under 40 in Dallas&rdquo; list.</p> <p><strong>Turman</strong> is a partner in the firm&rsquo;s Litigation, Intellectual Property and Entertainment practice areas. His commercial litigation practice covers a variety of matters including business disputes, intellectual property, civil RICO actions, arbitration and biometrics. He represents clients ranging from startups to <i>Fortune 50</i> companies. Turman earned both his law and undergraduate degrees from Southern Methodist University (J.D., <i>cum laude</i>, 2012; B.B.A. and B.A., <i>cum laude</i>, 2007). Named to the &ldquo;Texas Rising Stars&rdquo; list every year since 2016, this is his first selection to the &ldquo;Best Lawyers Under 40 in Dallas&rdquo; list.</p> <p><b>Williams</b> is a partner in the firm&rsquo;s Litigation and Appellate practices. He litigates complex disputes involving trade secrets, cryptocurrency and blockchain; non-competes and other restrictive covenants; unfair competition; contracts; business torts; real estate and internet defamation. Williams has briefed appellate matters before Texas and federal courts of appeal, the Supreme Court of Texas and the U.S. Supreme Court (twice at <i>certiorari</i>). He is a graduate of the University of Texas School of Law (J.D., <i>with honors</i>, 2008) and Tulane University (B.A., <i>summa cum laude</i>, Phi Beta Kappa, 2005). Named to the <i>Dallas&rsquo; Business Journal&rsquo;s</i> &ldquo;40 Under 40&rdquo; list for 2020, this is Williams&rsquo; fourth selection to the &ldquo;Best Lawyers Under 40 in Dallas&rdquo; list.</p> <p><b>Syed</b> is a senior associate in the firm&rsquo;s Litigation and Appellate practice areas. She routinely represents companies and high-net-worth individuals in complex commercial litigation matters in a variety of practice areas, including securities, business torts, patent and trademark disputes, partnership disputes and real estate litigation. She is experienced in a variety of arbitration venues, including the Financial Industry Regulatory Authority (FINRA), and has represented consumers and financial advisors in financial disputes. Saba also assists clients in the live events and hospitality industries, including representation in litigation matters, assisting with trademark issues and providing industry-specific legal counsel. Syed is a graduate of Baylor Law School (J.D., <i>cum laude</i>, 2013) and the University of Texas at Austin (B.A., <i>magna cum laude</i>, 2009). Named to <i>The Best Lawyers in America&rsquo;s </i>&ldquo;Ones to Watch&rdquo; list for 2021, and awarded the Dallas Bar Association&rsquo;s Outstanding Minority Attorney Award in 2019, this is her first selection to the &ldquo;Best Lawyers Under 40 in Dallas&rdquo; list.<br /> <br /> <br /> <br /> <strong>Media Contact:</strong><br /> Brittany Lewis<br /> Marketing Manager<br /> 214-880-6661<br /> blewis@bellnunnally.com</p>Press Releases07 Jan 2021 00:00:00 -0800https://www.bellnunnally.com/?t=40&an=114284&format=xmlBell Nunnally Adds IP Attorney Roxanne Edwards as Partnerhttps://www.bellnunnally.com/?t=40&an=114238&format=xml&p=7016<p>Attorney Roxanne Edwards has joined Bell Nunnally as partner and member of the firm&rsquo;s Intellectual Property practice area. She joins from Dallas-based Klemchuk LLP, where she was a partner. She was previously a partner with Baker McKenzie, and brings 20 years of experience counseling clients on U.S. and international trademark and IP matters to the firm.</p> <p>Edwards assists companies in various areas of intellectual property law with an emphasis on global brand development, protection, strategy and enforcement. She provides support to companies&rsquo; legal, business and marketing teams on intellectual property matters. She has served as primary trademark counsel for small and mid-size businesses, as well as <i>Fortune 100</i> and multinational companies, in a wide range of industries, including restaurant and hospitality, entertainment, pharmaceuticals, software, manufacturing and consumer goods.</p> <p>An active partner in the development, clearance, acquisition, registration and protection of trademarks and other intellectual property rights globally, Edwards leads clients through creation and implementation of policing and enforcement efforts. She also handles matters related to copyright, trade dress and non-traditional trademarks, and counsels clients on intellectual property issues related to franchising, social media, e-commerce, and U.S. boycott and sanctions with foreign countries.</p> <p>&ldquo;Roxanne is a valuable addition to our growing IP team. Our clients &ndash; all at various stages in their lifecycles &ndash; are increasingly attuned to the value of intellectual property assets and the need to be strategic and proactive in ensuring that they are protected and enforced. Roxanne&rsquo;s deep experience and solid reputation in the North Texas community are certain to help further our clients&rsquo; business goals &ndash; whether regional, national or international,&rdquo; said Bell Nunnally Managing Partner Christopher Trowbridge.</p> <p>An involved member and regular committee member and presenter to the International Trademark Association (INTA), Edwards is also a member of the State Bar of Texas, Intellectual Property Section and the Dallas Bar Association. She has also been involved in various other IP, industry-related and women-focused organizations throughout her career.&nbsp;</p> <p>Previously listed among the &ldquo;Best Lawyers in Dallas&rdquo; by <i>D Magazine</i>, Edwards is a graduate of Tulane University School of Law (J.D., <i>cum laude</i>, 2000), Louisiana Tech University (M.A., <i>with honors, </i>1997) and Florida University (B.S., 1991).<br /> <br /> <br /> <strong>Media Contact: </strong><br /> Brittany Lewis<br /> Marketing Manager<br /> 214-880-6661<br /> blewis@bellnunnally.com</p>Press Releases05 Jan 2021 00:00:00 -0800https://www.bellnunnally.com/?t=40&an=114238&format=xmlBell Nunnally Represents ISN in Transaction with Blackstone Grouphttps://www.bellnunnally.com/?t=40&an=114214&format=xml&p=7016<p align="center"><i>Deal Values Dallas-based Tech Company at More Than $2B</i></p> <p>Bell Nunnally represented Dallas-based ISN Software Corporation in its deal with New York-based private equity firm Blackstone Group. The minority investment in ISN, announced December 17, values the company at more than $2B.</p> <p>ISN is a third-party contractor and supply management software provider. Its ISNetworld platform features data-driven insights and tools that help companies &ndash; in industries including energy, life science, mining, manufacturing, food and beverage and automotive &ndash; mitigate risks associated with global business practices such as supply chain continuity, regulatory compliance, sustainability, training and program conformance.</p> <p>&ldquo;With this funding, ISN secures a strategic partner to expand its mission and growth,&rdquo; said Bell Nunnally Partner Larry L. Shosid, who led the firm team representing ISN. &ldquo;ISN is an industry leader in making workplaces safer and we&rsquo;re proud to have served as its outside legal counsel since its inception 20 years ago.&rdquo;</p> <p>Shosid was assisted on the Bell Nunnally team by Partner D. Andrew Dowdy, Jr., senior associates Natasha Gandhi and Peter J. Kosydar, III and Associate Stephen I. Iya. <a href="https://www.bellnunnally.com/peter-j-kosydar"><br /> </a></p> <p>In a joint ISN-Blackstone <a href="https://www.businesswire.com/news/home/20201217005640/en/Blackstone-Announces-Significant-Minority-Investment-in-ISN-Global-Leader-in-Third-party-Contractor-and-Supplier-Management-Software-Valuing-the-Company-at-Over-2-Billion">press release</a>, ISN Executive Chairman Bill Addy commented, &ldquo;[a]s we look to the future, Blackstone Growth&rsquo;s global presence, operational resources, and network across sectors will help us achieve our long-term vision of providing the absolute best solution for our customers to ensure safe supply chain continuity. Together with Blackstone, we look forward to continuing our expansion into new sectors and geographies and investing further in our technology solutions to meet and exceed the needs of our customers.&rdquo;</p> <p>Also in the joint press release, a Senior Managing Director at Blackstone Growth Vini Letteri, noted, &ldquo;[c]ompanies and boards around the world are increasingly focused on ensuring the highest standards for risk management, compliance and ESG reporting. We believe ISN is leading the way and that Blackstone can be a key partner in supporting its further growth. ISN is the perfect example of the type of company we&rsquo;re looking to invest in at Blackstone Growth: it has outgrown traditional growth equity, but not Blackstone.&rdquo;</p> <p>Blackstone, which has more than $584B in assets under management, is the only outside investor in ISN.</p> <p>&ldquo;The excitement, energy and investments North Texas has enjoyed over the past decade continue to be punctuated by signature moments like this,&rdquo; said Bell Nunnally Managing Partner Christopher Trowbridge. &ldquo;Our aim is to be &lsquo;behind every great company&rsquo;, from those just starting up to those now worth more than $2B.&rdquo;</p> <br /> <br /> <strong>Media Contact:</strong><br /> Brittany Lewis<br /> Marketing Manager <br /> 214-880-6661<br /> blewis@bellnunnally.com<br />Press Releases04 Jan 2021 00:00:00 -0800https://www.bellnunnally.com/?t=40&an=114214&format=xmlNCPA Officers and Directors Have Successful Day in Courthttps://www.bellnunnally.com/?t=40&an=114112&format=xml&p=7016<p>The directors and officers of the National Center for Policy Analysis (NCPA) successfully concluded litigation surrounding the termination of what had been a 30-year old conservative think tank that led the way in private sector solutions to public policy problems.</p> <p>Following the board&rsquo;s removal of former CEO John C. Goodman and former COO Richard Walker &ndash; after allegations of impropriety by the former that received high-profile coverage in the Dallas press, and other legal actions that followed &ndash; the NPCA struggled to survive and ultimately wound down. Litigation ensued to assign fault for the decline of the nonprofit and to appropriately compensate creditors, seeking over $15 million in damages from several former directors and officers of the NCPA.</p> <p>The directors and officers removed the lawsuit filed in Texas state district court by a judgment creditor to federal bankruptcy court for resolution. After hearing hours of testimony, Stacey G. C. Jernigan of the U.S. Bankruptcy Court for the Northern District of Texas approved a resolution of all claims. The judge issued a statement from the bench, finding that the directors and officers &ldquo;acted honorably&rdquo; and &ldquo;did the best they could&rdquo; under the circumstances. There was no finding of liability.</p> <p>The NCPA officers and directors issued this statement:</p> <p><i>We are pleased that the judge was able to resolve this matter. We are grateful for the outcome and for the judge&rsquo;s words which accurately describe our actions during a tumultuous time at the NCPA. </i></p> <p><i>We would like to thank Heath Cheek, Russell Mills, and Kent Love of Bell Nunnally who skillfully made our case and guided us to a successful resolution in this complex matter involving many facets of state and federal law.</i></p> <p>The NCPA officers involved included James H. Amos, Jr., and Jacki Pick, while directors included Ronald S. Ivy, Reagan Stewart and Michael Whalen.</p> <p>&ldquo;We were proud to represent Pick, Amos, Ivy, Stewart, and Whalen in this litigation,&rdquo; said Heath Cheek, Partner at Bell Nunnally.&nbsp;&ldquo;The overwhelming evidence presented at the hearing demonstrated that the officers and directors acted honorably and acted in the best interest of NCPA. We are grateful that this case was successfully resolved so that all parties can move on with their lives.&rdquo;<br /> <br /> <br /> <strong>Media Contact:</strong><br /> Brittany Lewis <br /> Marketing Manager<br /> 214-880-6661<br /> blewis@bellnunnally.com<br /> &nbsp;</p>Press Releases23 Dec 2020 00:00:00 -0800https://www.bellnunnally.com/?t=40&an=114112&format=xmlNew Orleans Bar Association Procrastinators' Programshttps://www.bellnunnally.com/?t=40&an=114109&format=xml&p=7016<p><b>Event Details:</b></p> <p>Litigator Brent Turman is presenting &ldquo;Litigating Partnership Disputes&rdquo; and a Trial Skills CLE for the New Orleans Bar Association Procrastinators&rsquo; Program.</p> <p><b>Date/Time:</b></p> <p><i>Litigating Partnership Disputes</i></p> <p>December 28, 2020</p> <p>1:30 PM</p> <p><i>Trial Skills CLE &ndash; What Kanye Can Teach Us About Litigation</i></p> <p>December 30, 2020</p> <p>12:00 PM</p> <p><b>Overviews: </b></p> <p><i>Litigating Partnership Disputes</i></p> <p>Litigator Brent Turman provides a cautionary tale about the pitfalls of working closely with others without a written agreement in place. When informal ventures succeed beyond measure, best friends can turn into worst enemies. Turman explains how that exact scenario took place years ago, leading to a fight over royalties stemming from three books from the New York Times Best Sellers list.<br /> <br /> Turman talks about how his trial team secured a $13.2 million judgment for the client after the jury found she was a partner in the original publishing company. The jury&rsquo;s findings were based not on a fully-executed agreement, but on all of the founders&rsquo; conduct in operating the business.</p> <p><i>Trial Skills CLE &ndash; What Kanye Can Teach Us About Litigation</i></p> <p>This webinar seamlessly weaves trial tips and ethics into the story about an unlikely source of knowledge. Through the story of the rise and fall (and rise again) of a Billboard regular, Turman highlights important lessons litigators can learn and apply to their practices. The lessons include how to properly structure questions during a cross-examination, details attorneys should pay attention to in the courtroom and the different strategies litigators can use when communicating with a jury.</p> <p>For more information and to register, please click <a href="https://www.neworleansbar.org/upcoming-cle/2020-procrastinators-programs-in-new-orleans/">here</a>.</p> <p>Both presentations have been approved for CLE credit.</p>Events23 Dec 2020 00:00:00 -0800https://www.bellnunnally.com/?t=40&an=114109&format=xmlBrent Turman and T.J. Hales Explore on D Magazine Biometrics Expansion During COVID-19 and Regulations in Texashttps://www.bellnunnally.com/?t=40&an=114059&format=xml&p=7016<p>Bell Nunnally Senior Associate <a href="https://protect-us.mimecast.com/s/EEX2C1wE3ZuqDz0c15c10?domain=bellnunnally.com">Brent A. Turman</a> and Associate <a href="https://protect-us.mimecast.com/s/Z8l6C2k2DZS8Jl4UX88RE?domain=bellnunnally.com">T.J. Hales</a> authored the <i>D Magazine</i> article &ldquo;Biometrics in the COVID Era Workplace: Is Your Business Compliant?&rdquo; The piece explores how businesses in Texas<span> can navigate COVID-19 reporting and workplace safety requirements in light of existing biometrics laws in Texas. The article considers how contact-tracing efforts and temperature screenings, for instance, could run afoul of the Texas Capture or Use of Biometric Identifier Act (CUBI) without proper notice and consent. Turman and Hales explain that &ldquo;the heightened privacy concerns and increased collection of and reliance on biometric identifiers attending the COVID-19 pandemic should push Texas businesses to evaluate their policies critically to ensure their compliance with CUBI. Steps towards compliance now can mitigate the risk of penalties later.&rdquo;<br /> </span></p> <p>To read the full article, please click <a href="https://protect-us.mimecast.com/s/VwDHC31EV8U2JAPfEetgm?domain=dmagazine.com/">here</a>.</p> <p>&nbsp;</p>News18 Dec 2020 00:00:00 -0800https://www.bellnunnally.com/?t=40&an=114059&format=xmlThe Lasting Legal Impact of COVID: An Overviewhttps://www.bellnunnally.com/?t=40&an=114026&format=xml&p=7016<strong>Event Details:</strong><br /> <br /> Senior Associate David Webster is presenting the CLE &quot;The Lasting Legal Impact of COVID: An Overview&quot; for the Greenhill School Alumni legal community. <br /> <br /> <strong>Date/Time:</strong><br /> <br /> Thursday, December 17, 2020<br /> 1:00 PM<br /> <br /> <strong>Overview: </strong><br /> <br /> The Greenhill School Alumni Legal meet-up will include a look at current challenges and opportunities presented by COVID-19 with time for networking and connecting.<br /> <br /> For more information and to register, please click <a href="https://greenhill.myschoolapp.com/page/event-detail?siteId=1151&amp;ssl=1&amp;register=32851">here</a>.<br /> <br /> This has been approved for 1 hour CLE credit. <br />Events17 Dec 2020 00:00:00 -0800https://www.bellnunnally.com/?t=40&an=114026&format=xml