The Fort Worth oil and gas company, backed by EnCap Investments, cited market pressures in filing for Chapter 11 bankruptcy.
Private equity contributes an estimated $4.8 billion in state and local taxes, American Investment Council’s CEO and President Drew Maloney said in an interview with the Dallas Business Journal.
Highland Capital Management L.P., a unit within Highland Capital Management’s alternative investment platform, voluntarily filed for Chapter 11 bankruptcy on Wednesday in Delaware. The firm said in a statement that HCMLP’s filing stems from a potential judgment being sought against it that could exceed the entity’s liquid assets.
Plano-based AdvoCare International and its former chief executive officer will pay $150 million to settle charges that the company operated as an illegal pyramid scheme, the Federal Trade Commission announced
CEC Entertainment, owner of Chuck E. Cheese and Peter Piper Pizza and part of Queso Holdings Inc., announced that its merger agreement with Leo Holdings Corp. (NYSE: LHC) has been