Larry R. Veselka

In more than thirty-eight years of practice, Mr. Veselka has tried fifty-plus jury trials to verdict.  He has briefed and argued some fifty appeals before the Texas Courts of Appeals, the Texas Supreme Court, the Wyoming Supreme Court, and the U.S. Courts of Appeals for the Fifth, Tenth, Eleventh, and D.C. Circuits. Mr. Veselka has handled cases pertaining to oil and gas, securities, real estate, breach of contract, fraud, RICO, professional liability, and various business torts and statutory claims. He has handled matters throughout Texas, as well as in Arkansas, Colorado, California, Illinois, Louisiana, Pennsylvania, Nevada, New York, Oklahoma, Wyoming and Washington, D.C. He has advised both insureds and insurers on coverage issues, and has successfully prosecuted claims for coverage and/or bad faith. Mr. Veselka has both prosecuted and defended securities and consumer class actions, as well as shareholder derivative matters. Besides the complex civil cases which predominated in the first twenty years of his practice, Mr. Veselka has handled white-collar criminal matters at the grand jury, pre-trial, trial and appellate stages as well as SEC investigations and prosecutions.

After obtaining his Bachelor of Arts in Economics at Yale University, Mr. Veselka attended the University of Texas Law School where he was a member of the Texas Law Review, graduating with his Juris Doctor in 1976. From January 1973 to August 1976, Mr. Veselka served full-time as Administrative Assistant to Lt. Governor Bill Hobby while attending law school full-time. After graduation, he joined the firm of Vinson & Elkins, LLP, working in their Houston and Washington D.C. offices and is licensed in both Texas and the District of Columbia. He made partner at Vinson & Elkins in 1984. In 1985, he was appointed Regent of Texas Southern University by the Texas Governor and served in that position for six years. Mr. Veselka joined Craig Smyser and Lee Kaplan to form Smyser Kaplan & Veselka, L.L.P., where he continues to win significant victories in trial and on  appeal. He has been named a Texas Super Lawyer each year since 2005, a Local Litigation Star by Benchmark Litigation 2013-2015, and a Litigation Star by Benchmark Appellate in 2013.

Mr. Veselka remains active in the civic and legal communities and is a member of the Texas Southern University Foundation Board, the Houston chapter of the American Board of Trial Advocates, and the American Bar Association’s Litigation and Criminal Justice Sections. He is a Texas Bar Foundation Sustaining Life Fellow and a Houston Bar Foundation Fellow, and a former member and one of the founders of the Houston Lawyer Chapter of the American Constitution Society. Mr. Veselka is happily married to his high school sweetheart and remains an active member of St. Luke’s United Methodist Church, often teaching Sunday school class.

Somers ex. Rel. EGL, Inc. v. Crane

Mr. Veselka defended the members of a special committee of the Board of Directors in direct and derivative claims brought by shareholders when the CEO made an offer to take the public company private.  The trial court dismissed both the direct class and derivative claims, allowing a $2 billion offer to take the company private and paying the shareholders $47.50 per share when the first bid was $36.00 per share.  With Mr. Veselka and other SKV partners handling the briefing and argument, the ruling was affirmed by the First Court of Appeals and the Texas Supreme Court denied review.  The ruling clarified important questions of Texas law on shareholder litigation.

Talisman Energy USA Inc. and Statoil Texas Onshore Properties, LLC v. Enduring Resources, LLC

Mr. Veselka and partner, Ty Doyle, won a complete victory at trial in February 2013 for their client, Enduring Resources, LLC.  The court awarded $4.35 million on SKV’s client’s counterclaim and a take nothing judgment for plaintiffs.  The case concerned whether special payments to the lessors on a lease triggered by the sale of all of Enduring Resources’ assets in the Eagle Ford were an obligation assumed by the purchaser or retained by Enduring Resources as seller.  The ruling is important to most asset and sale agreements used in the oil and gas industry today.  Mr. Veselka and Mr. Doyle have a petition for review pending before the Texas Supreme Court.

United States of America v. Jack Stanley

Mr. Veselka represented Mr. Stanley, the former chairman of KBR, in the FCPA prosecution regarding the award of the engineering, design, and construction contract for the Bonny Island LNG project in Nigeria.  Mr. Stanley was the first cooperator in a prosecution that led to multiple felony guilty pleas, deferred prosecution agreements, and fines or restitution approaching $1.7 billion dollars for multiple multinational corporations and individuals.  After pleading guilty under an agreement to serve seven years, SKV convinced the Court to give him the benefit of his cooperation and other factors in reducing the sentence to only 30 months.

Hosford, et al. v. Stroud Production, LLC, et al

In 2014, Larry Veselka and Land Murphy prevailed in the Texas Supreme Court in a closely-watched oil and gas dispute.  The litigation arose out of an oil and gas lease termination in the High Island Field in Galveston County in 2004.  The plaintiffs owned overriding royalty interests in the lease and argued that they were injured when the lease terminated for lack of production, extinguishing their overriding royalty interests.  The Supreme Court's denial of the plaintiffs' petition for review kept in place the First Court of Appeals’ opinion that SKV's clients owed no duty to the overriding royalty interest owner plaintiffs and reversed a judgment entered by the District Court against Stroud Production LLC, et al.  The Court of Appeals rejected the plaintiffs' theory that the Stroud entities owed the plaintiffs special or fiduciary duties arising out of the assignment of overriding royalty interests.  SKV partners Larry R. Veselka and Land Murphy tried the case and briefed and argued the appeal and briefed the petition for review in the Texas Supreme Court.  Plaintiffs were asserting claims unrecognized in Texas and which would have disrupted well-established concepts of Texas oil and gas law. 

Additonal Representative Matters

Chosen by his peers as a Texas Super Lawyer, 2005 - 2015.

Martindale Hubbell AV Preeminent Rating.

Named a Local Litigaton Star by Benchmark Litigation, 2012 - 2015.

Named Litigation Star by Benchmark Appellate, 2013.

Bar Admissions:
Texas
District of Columbia


Court Admissions:
United States Supreme Court
United States Court of Appeals for the Fifth Circuit
United States Court of Appeals for the Eleventh Circuit 
United States Court of Appeals for the District of Columbia Circuit 
United States District Court for the District of Columbia
United States District Court for the Southern, Northern, Western, and Eastern Districts of Texas
District of Columbia Court of Appeals

 

Organizations:
American Bar Association, Litigation and Criminal Justice Sections Member
American Board of Trial Advocates, Houston Chapter
ABA White Collar Crime Institute attendee
American Leadership Forum
Houston Bar Foundation Fellow
Houston Bar Association, Federal Practice, Litigation, and Oil, Gas & Minerals Sections Member
Houston Lawyer Chapter of the American Constiution Society, Past member and one of the founders
Leadership Houston, Alumnus
State Bar of Texas, Antitrust and Business Litigation, Litigation, and Oil & Gas Energy resources law section
Texas Bar Foundation Sustaining Life Fellow
Texas Southern University Foundation Board
Twice appointed by the United States District Court for the Southern District of Texas to serve on the Merit Selection Panel for Magistrate Judges

 

 

 

Yale University
B.A. Economics, 1973

University of Texas Law School
J.D., 1976
Texas Law Review

Associate
Vinson & Elkins L.L.P.
1976-1984

Partner
Vinson & Elkins L.L.P.
1984-1995

American Board 
of Trial Advocates

Veselka MH attorney badge

Benchmark Litigation Star15