A Miami-headquartered and publicly traded healthcare network filed for Chapter 11 bankruptcy protection Sunday in Dallas, citing between $500 million and $1 billion in liabilities but less than $500 million in assets.
Democratic Judge Tina Clinton Claims Late Victory in Dallas Court of Appeals Election
The news of an all-Republican sweep of the Texas Fifth Court of Appeals in Dallas last week was premature.
Citing mail-in ballots and provisional voting from Dallas County and Collin County, multiple sources have told The Texas Lawbook that Dallas County Criminal Court Judge Tina Clinton, a Democrat, appears to have flipped the election results and won her race for the Dallas appeals court against Thompson Coe commercial litigator Matthew Kolodoski.
Citi: Texas Firms Experiencing Headcount, Revenue Growth So Far in 2024
Texas-based corporate law firms experienced strong headcount, demand and revenue growth during the first nine months of 2024, according to new Citi Law Firm Group data provided to The Texas Lawbook. The dozen or so law firms headquartered in Texas increased their year-over-year lawyer headcount during the first three quarters by three percent, compared to 1.3 percent for firms nationwide. Those firms grew equity partnership by 2.2 percent, which compares to zero percent nationally, according to Citi’s exclusive data.
Porter Hedges, Latham Lead Vroom’s Bankruptcy
Houston-headquartered Vroom Inc. filed for Chapter 11 bankruptcy protection Thursday in the Southern District of Texas, citing about $305 million in liabilities but only $44 million in assets. An automotive finance company and digital service platform for car retailers, Vroom selected Porter Hedges as its lead legal advisor and Latham & Watkins as special advisory counsel. The company also selected Stout Risius Ross as its financial advisor and Verita Global as claims and noticing agent.
Spicey Partners Real Estate, aka Cosmed, Files for Bankruptcy in Houston
Rhode Island-based sterilization company Cosmed Group and its affiliated company Spicey Partners Real Estate have filed for bankruptcy in the Southern District of Texas.
P.S. — This Week’s Givers: Haynes Boone, Squire Patton Boggs, John DeWitt Gregory Trust and Witherite
The Dallas Bar Association’s Equal Access to Justice Campaign is about one-third of the way to its $1.4 million goal. Texas Appleseed raised $544,000 at its annual Good Apple Dinner last week, including a $1,000 donation from The Texas Lawbook. A Dallas plaintiff’s law firm is the first in the legal industry to announce it is sponsoring a Thanksgiving food giveaway. And a Squire Patton Boggs senior partner in Dallas will be honored next week for a career of professionalism.
November 14 — The Day Fulbright & Jaworski Changed the Texas Legal Landscape Forever
Fulbright & Jaworski was the biggest of the Big Three in Texas a dozen years ago. For the past century, Fulbright, Baker Botts and Vinson & Elkins reigned as the masters of corporate law in Texas. Lawyers at the trio didn’t need to do much business development because clients rushed to their offices when they needed big-time help. Fulbright and her two sister firms — all headquartered in Houston — represented Texas’ biggest businesses and wealthiest citizens. Each employed about 700 attorneys, and they reported roughly the same revenues and profits. The best students at all the Texas law schools prayed one of the Big Three would extend them an offer. Lawyers joined Fulbright and stayed until they retired. Even as national law firms dipped their toes in the Texas legal market waters, leaders at the Big Three swore they would never merge. Texas forever.
Then came Nov. 14, 2012. And everything changed.
Brown Rudnick Expands in Houston with IP Lit Practice
Brown Rudnick, a Boston-founded law firm that opened in Houston three months ago, announced Wednesday that it has added eight intellectual property litigators, including three partners, to its Texas operation.
J&J Talc Bankruptcy Judge: ‘Their Voices Must Be Heard’
U.S. Bankruptcy Judge Christopher Lopez told all sides in the Johnson & Johnson talc powder bankruptcy litigation Tuesday that he will “get a big pot of coffee” and spend the weekend in his office going through more than 11,500 disputed votes in order to get an accurate number of claimants supporting and opposing J&J’s $8.2 billion settlement plan. New Jersey-based J&J created a new Texas-headquartered subsidiary in September called Red River Talc and used a Texas law to transfer all its potential liabilities from tens of thousands of lawsuits filed against J&J by women who claim they have ovarian cancer because they used J&J’s talc powder. But there’s a dispute over 11,500 votes that were switched from voting against J&J’s forced bankruptcy plan to being in favor.
McDermott Advising Wellpath on SDTX Bankruptcy
A Nashville-based healthcare services company that focuses on treating incarcerated inmates filed for Chapter 11 bankruptcy protection in Houston Monday, claiming more than $1 billion in liabilities and an equal amount in assets. Wellpath Holdings and about 40 of its affiliated companies, which served about 3,000 in 2023 and reported revenues of $425 million, filed for bankruptcy in the Southern District of Texas. The case has been assigned to Judge Alfredo Perez.