Christopher Babcock Publishes on Early Validation of Texas 'Y'all Street' Initiatives

Foley & Lardner LLP partner Christopher Babcock authored The Texas Lawbook article, “How Gusinsky Helps Pave the Way to Y’all Street,” assessing the dismissal of a shareholder derivative lawsuit targeting Southwest Airline’s corporate board and what it means for companies navigating Texas’s evolving corporate governance landscape.

Babcock outlines how the result signals approval of Texas’s “Y’all Street” corporate governance reforms, marking an early and important validation of recent changes to the Texas Business Organizations Code introduced in 2025 by Texas Senate Bill 29.

“The Gusinsky decision sends a clear signal to the corporate world: Texas is ready for sophisticated business disputes, and its new corporate governance framework will be enforced by the courts,” Babcock concludes, adding that the Northern District of Texas’ decision in the case “is one more paving stone on the road to Y’all Street.”