On May 25, 2011, the Texas Legislature passed H.B. No. 274 (a.k.a. “Loser Pays” Bill). The law went into effect on September 1, 2011, and applies to civil suits filed after that date. Despite its name, the “loser” of a suit only pays if it “loses” at an early stage of the litigation process. Specifically, the law requires parties who…