Three Am Law 100 Firms Lift Off With Big Houston Rockets Sale
Baker Botts, DLA Piper and White & Case are advising on the record-setting $2.2 billion sale of the National Basketball Association's Houston Rockets from former lawyer Leslie Alexander to casino and hospitality billionaire Tilman Fertitta.
September 05, 2017 at 06:03 PM
44 minute read
Baker Botts, DLA Piper and White & Case are advising on the record-setting $2.2 billion sale of the National Basketball Association's Houston Rockets from former lawyer Leslie Alexander to casino and hospitality billionaire Tilman Fertitta.
The deal, the news of which emerged Tuesday, represents the highest price ever paid for an NBA franchise, beating out the $2 billion that former Microsoft Corp. CEO Steve Ballmer paid for the Los Angeles Clippers in 2014. In July, the Rockets confirmed their decision to pursue a potential sale of the franchise.
A source familiar with the deal said that Baker Botts and White & Case are advising Alexander on his proposed sale of the team, which he bought for $85 million in 1993. Michael Goldberg, chair of the international arbitration and dispute resolution group at Baker Botts in Houston and a longtime legal adviser to the team, declined to comment when contacted Tuesday.
This content has been archived. It is available through our partners, LexisNexis® and Bloomberg Law.
To view this content, please continue to their sites.
Not a Lexis Subscriber?
Subscribe Now
Not a Bloomberg Law Subscriber?
Subscribe Now
NOT FOR REPRINT
© 2025 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
You Might Like
View All
Deal Watch: Deals, IPOs Flow as Banking Regulation Is Expected to Get Lighter
11 minute read
Why U.S. Big Law Was Mostly Sidelined in Asian IPOs in New York Last Year
Greenberg Traurig Combines Digital Infrastructure and Real Estate Groups, Anticipating Uptick in Demand
4 minute readTrending Stories
- 1Ex-Starbucks GC Exiting Latest Role, Will Get Severance
- 2Family Law Special Section 2025
- 3We Must Uphold the Rights of Immigrant Students
- 4Orrick Picks Up 13-Lawyer Tech, VC Group From Gunderson Dettmer
- 5How Alzheimer’s and Other Cognitive Diseases Affect Guardianship, POAs and Estate Planning
Who Got The Work
J. Brugh Lower of Gibbons has entered an appearance for industrial equipment supplier Devco Corporation in a pending trademark infringement lawsuit. The suit, accusing the defendant of selling knock-off Graco products, was filed Dec. 18 in New Jersey District Court by Rivkin Radler on behalf of Graco Inc. and Graco Minnesota. The case, assigned to U.S. District Judge Zahid N. Quraishi, is 3:24-cv-11294, Graco Inc. et al v. Devco Corporation.
Who Got The Work
Rebecca Maller-Stein and Kent A. Yalowitz of Arnold & Porter Kaye Scholer have entered their appearances for Hanaco Venture Capital and its executives, Lior Prosor and David Frankel, in a pending securities lawsuit. The action, filed on Dec. 24 in New York Southern District Court by Zell, Aron & Co. on behalf of Goldeneye Advisors, accuses the defendants of negligently and fraudulently managing the plaintiff's $1 million investment. The case, assigned to U.S. District Judge Vernon S. Broderick, is 1:24-cv-09918, Goldeneye Advisors, LLC v. Hanaco Venture Capital, Ltd. et al.
Who Got The Work
Attorneys from A&O Shearman has stepped in as defense counsel for Toronto-Dominion Bank and other defendants in a pending securities class action. The suit, filed Dec. 11 in New York Southern District Court by Bleichmar Fonti & Auld, accuses the defendants of concealing the bank's 'pervasive' deficiencies in regards to its compliance with the Bank Secrecy Act and the quality of its anti-money laundering controls. The case, assigned to U.S. District Judge Arun Subramanian, is 1:24-cv-09445, Gonzalez v. The Toronto-Dominion Bank et al.
Who Got The Work
Crown Castle International, a Pennsylvania company providing shared communications infrastructure, has turned to Luke D. Wolf of Gordon Rees Scully Mansukhani to fend off a pending breach-of-contract lawsuit. The court action, filed Nov. 25 in Michigan Eastern District Court by Hooper Hathaway PC on behalf of The Town Residences LLC, accuses Crown Castle of failing to transfer approximately $30,000 in utility payments from T-Mobile in breach of a roof-top lease and assignment agreement. The case, assigned to U.S. District Judge Susan K. Declercq, is 2:24-cv-13131, The Town Residences LLC v. T-Mobile US, Inc. et al.
Who Got The Work
Wilfred P. Coronato and Daniel M. Schwartz of McCarter & English have stepped in as defense counsel to Electrolux Home Products Inc. in a pending product liability lawsuit. The court action, filed Nov. 26 in New York Eastern District Court by Poulos Lopiccolo PC and Nagel Rice LLP on behalf of David Stern, alleges that the defendant's refrigerators’ drawers and shelving repeatedly break and fall apart within months after purchase. The case, assigned to U.S. District Judge Joan M. Azrack, is 2:24-cv-08204, Stern v. Electrolux Home Products, Inc.
Featured Firms
Law Offices of Gary Martin Hays & Associates, P.C.
(470) 294-1674
Law Offices of Mark E. Salomone
(857) 444-6468
Smith & Hassler
(713) 739-1250
