Business & Legal Update · May 6, 2025

Articles


Family Law Spotlight


Newsworthy


Recent News


Featured Practice

Articles

Texas Stock Exchange Set to Transform the Legal and Financial Landscape of Texas

By Abby Merrill

In early 2026, a new stock exchange will launch in Dallas - the Texas Stock Exchange LLC (TXSE). It's potentially revolutionary for the state of Texas and its legal and financial landscapes, plus - while others have tried to rival the New York Stock Exchange (NYSE) and the National Association of Securities Dealers Automated Quotations (NASDAQ) - the TXSE is the first to raise an initial capital investment of $161 million.


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Landlords and Administrative Claims in Bankruptcy

By Bill Siegel

Landlords are not always entitled to an Administrative Claim for non-payment of rent in a bankruptcy proceeding. When a debtor in bankruptcy rejects a contract, it’s considered a breach of the contract that occurred before the bankruptcy was filed. It is not considered a termination, but it does end the contractual relationship with the non-debtor counterparty, who is then left with a claim for damages.


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What Happens When You Die...with a Valid Will?

By Reagan Wish

Though our considerations of after-death events are usually rooted in the religious or philosophical, it is equally important to consider the literal and legal answers to this universal question: "What Happens When We Die?" This article is the first in a series by Reagan Wish - and here she explains what happens when the deceased leaves a valid Will.



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Family Law Spotlight

Parental Alienation - Part 2

By Claire E. James


By some estimates, up to 19% of the U.S. population has been exposed to parental alienating behaviors, where one parent employs tactics to sabotage the targeted parent’s relationship with the child. Family Law attorney Claire James explains how to address parental alienation both in and outside of court, and in the event of litigation.


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Newsworthy

Texas versus Delaware Fiduciary Law at Issue in Texas Business Court

By Casey Erick

Earlier in April, the Texas Business Court issued its first ruling in Primexx Energy Opportunity Fund, LP v. Primexx Energy Corporation, addressing the modification of fiduciary duties in limited partnerships.


Compared to Delaware law, Texas law imposes stricter limitations on eliminating fiduciary duties, allowing modifications only if they are reasonable. 


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Fifth Circuit Reiterates: Prove the Existence of a Trade Secret

By Casey Erick

DeWolff, Boberg & Assoc. Inc. v. Pethick is a dispute involving alleged misappropriation of trade secrets. The related recent Fifth Circuit Court of Appeals decision reiterates the need to prove the existence of a trade secret first. 


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Article III Judges and Shakespeare -- "First, Let's Kill All the Lawyers"

By Casey Erick

Shakespeare's line, "First, Let's Kill All the Lawyers," is often quoted and almost as often misapplied. Recently, judges discussing judicial independence cautioned against "extreme measures."


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Dallas Fed Beige Book - April 2025

The recent installment of the Dallas Fed's summary of activity in the North Texas Region observed a slowdown in the pace of growth. Increases and dips were mixed across sectors. Projections were down - amid weaker demand, policy uncertainty, and inflation concerns.


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Recent News

Welcome: Of Counsel Scott R. Meyer


By some estimates, up to 19% of the U.S. population has been exposed to parental alienating behaviors, where one parent employs tactics to sabotage the targeted parent’s relationship with the child. Family Law attorney Claire James explains how to address parental alienation both in and outside of court, and in the event of litigation.


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Featured Practice: Estate Planning, Wills, and Probate

The Cowles Thompson Estate Planning practice assists clients in the management and disposition of wealth and assets – during life and at death, including the potential impact of taxes.


Our attorneys use wills, trusts, limited partnerships, corporations, estate tax planning, and other mechanisms — coupled with sensitivity while advising clients regarding their plans, wishes for their loved ones, and benefits intended for charitable institutions. Our clients include individuals and corporate entities in a myriad of roles such as executors, administrators, trustees, attorneys in fact, grantors, and donors.


Key areas of focus:

  • Estate Planning, Wills, and Trusts
  • Lifetime Planning
  • Settlement of Estates and Probate Litigation
  • Trusts and Trust Administration


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Accolades

As a Firm and as individuals, the attorneys of Cowles Thompson have received numerous honors over the years, including selection for inclusion to the list of Chambers USA top 5% of law firms for Commercial Litigation in the DFW area; "Best Law Firms," "Best Lawyers," and "Ones To Watch" by Best Lawyers®; the Thomson Reuters® Texas Super Lawyers® and Rising Stars® lists; and the D Magazine annual "Best Lawyers in Dallas" list. 11 of our current attorneys are recognized as AV Pre-eminent by Martindale-Hubbell®, and name Shareholder Mr. Jim Cowles was honored by The Texas Lawbook as one of the "Lions of the Texas Bar."


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Cowles and Thompson, PC | 214.672.2000 | info@CowlesThompson.com | CowlesThompson.com
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