DALLAS – The Texas Lawbook and the Dallas/Fort Worth Chapter of the Association of Corporate Counsel named Bracewell LLP and clients Pier 1 Imports, Inc. and Prosperity Bancshares as finalists in the Business Litigation of the Year and M&A Deal of the Year categories, respectively, at the upcoming Outstanding Corporate Counsel Awards.
Litigation partners Stephen B. Crain and Bradley J. Benoit worked with Pier 1’s Mike Carter and Ray McKown in developing a winning strategy that ultimately led to the dismissal of a putative class action suit alleging that Pier 1 and two former senior executives knowingly or recklessly made material misstatements or omissions regarding Pier 1’s financial metrics and the level of markdown risk associated with its inventory.
Corporate and securities partners William S. Anderson and Jason M. Jean worked closely with Prosperity Bank®’s General Counsel Charlotte M. Rasche in connection with its $2.1 billion merger with LegacyTexas Financial Group, Inc. The transaction is the second largest bank merger in the history of Texas and provides significant strategic and financial value for Prosperity Bancshares, Inc.®
The Texas Lawbook and the Dallas/Fort Worth Chapter of the Association of Corporate Counsel received nominations from law firms, legal departments and companies for various awards. Nominations were reviewed and evaluated by a panel of judges that included general counsel, executives and board members from some of the largest businesses in the Dallas-Fort Worth community. Winners will be announced at an awards ceremony at the President George W. Bush Institute in Dallas on January 30, 2020.