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Maryland lawmakers approve $577M to settle HBCU lawsuit


Maryland lawmakers approve $577M to settle HBCU lawsuit
BRIAN WITTE, Associated Press
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ANNAPOLIS, Md. (AP) Maryland lawmakers gave final passage Wednesday to a measure to pay $577 million over 10 years to settle a federal lawsuit alleging discrimination and underfunding at the state s four historically Black colleges and universities.
An attorney described it as “one of the largest pro bono civil rights settlements in history.”
The House voted 120-14 to send the measure to Gov. Larry Hogan, who vetoed a similar bill last year after citing economic difficulties created by the COVID-19 pandemic. The Senate approved the bill 47-0 earlier in the day in response to the 15-year-old lawsuit. ....

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M&A activity plummets in 2020 despite year-end rebound


M&A activity plummets in 2020 despite year-end rebound
By Caroline EvansThe Texas Lawbook
Jan. 18, 2021
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Chevron Corp. acquired Noble Energy in a $4.1 billion all-stock transaction one of the biggest deals in the oil industry this year that closed in October. The deal was valued at more than $12 billion, as Chevron assumes Noble’s $8 billion in debt. The deal’s value fell by almost $1 billion since it was announced in July as the coronavirus pandemic continued to batter Noble’s stock value.Richard Drew, STF / Associated Press
The volume of mergers and acquisitions involving Texas businesses plunged in 2020 to the lowest level since 2013, even as deal activity bounced back strongly during the final three months of the year. ....

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