In a 34-page order, Judge Scholer found that the NFL and its retirement fund must pay Michael Cloud’s lawyers at Barlow Garsek & Simon in Fort Worth $1,232,058.75 for their pretrial and trial work, $550,000 for their appellate work and $30,074.72 in costs.
Bloomberg Law: Kirkland ‘Absolutely Shocked’ at SDTX Judge’s Secret Romance with ex-Jackson Walker Partner
Lawyers at Jackson Walker never told lawyers at Kirkland & Ellis that one of its bankruptcy partners was having a secret romantic relationship with former Houston Bankruptcy Judge David Jones and that Kirkland would have taken action to make the couple’s cohabitation public if he had known about it, one of Kirkland’s top bankruptcy lawyers told the U.S. Trustee’s office in a recent deposition.
P.S. — SPCA and Jones Day: 2024 DFW Creative Partnership of the Year
Jones Day construction litigation partner Joseph Van Asten, the dad to two rescue dogs, was looking for a pro bono project earlier this year. Chris Luna, former T-Mobile chief counsel-turned-CEO of SPCA needed a large corporate law firm with experience in several different practice areas. The result: The Association of Corporate Counsel’s DFW Chapter and The Texas Lawbook are honoring SPCA’s Luna and Jones Day with the 2024 DFW Corporate Counsel Award for Creative Partnership. During the past year, Jones Day has had 10 different lawyers work more than 200 pro bono hours on seven different matters for the SPCA, including drafting and negotiating construction agreements for the SPCA expansion project, providing advice on SPCA’s corporate bylaws and corporate governance issues and advising the nonprofit on its trademark portfolio. This is how the partnership came together.
Texas Business Bankruptcies Skyrocket in DFW, Decline Slightly in Houston
For the fifth consecutive year, Texas led the nation in business bankruptcy filings, cementing its position as the premier destination for corporate restructurings. However, Delaware closed the gap significantly in 2024, surpassing Texas’ Southern District as the top venue for business bankruptcies.
Despite a tumultuous year marked by scandal in the Southern District, Texas’ three other federal court districts experienced significant increases in bankruptcy filings, ensuring the state maintained its dominance in this critical legal sector. The Northern District, in particular, emerged as a rising star, with its Chapter 11 caseload more than doubling.
The Texas Lawbook’s Mark Curriden has the details on these trends and more.
Texas Bankruptcy Expert: ‘Conditions Seem Ripe for Substantial Restructuring Activity in 2025’
The corporate bankruptcy practice faced some headwinds in 2024, including higher interest rates, an unsettled political environment and the judicial romance scandal that rocked the complex bankruptcy panel in the Southern District of Texas.
The Texas Lawbook talked with Haynes Boone corporate bankruptcy and restructuring partner Ian Peck about trends in the world of complex business Chapter 11s in Texas.
Keurig Dr Pepper, Taxwell Finalists for 2024 DFW Corporate Legal Department of the Year
The Association of Corporate Counsel’s DFW Chapter and The Texas Lawbook have created a new award category for the 2024 DFW Corporate Counsel Awards. The DFW Corporate Legal Department of the Year honor recognizes in-house working as a team to achieve extraordinary success. This year, two corporate legal departments stood out from all the rest.
“We’ve honored GCs of the Year, Senior Counsels of the Year, Business Litigation and M&A Deal of the Year, but we realized that there are situations where corporate legal departments may have major initiatives on multiple fronts or facing a significant crisis while also dealing with major transitions within their companies,” said Texas Lawbook publisher Brooks Igo. “We needed an award that looked at the bigger picture by examining all the different challenges.”
P.S. — Dallas Cowboys’ Kaleisha Stuart, SPCA’s Chris Luna Win DFW Corporate Counsel Awards
The Association of Corporate Counsel’s DFW Chapter and The Texas Lawbook are awarding the 2024 DFW Corporate Counsel Award for Diversity and Inclusion to Dallas Cowboys Deputy General Counsel Kaleisha Stuart and the Creative Partnership Award to SPCA of Texas CEO Chris Luna and Jones Day partner Joseph Van Asten. Also in this P.S. column, Munsch Hardt and Paul Hastings share the holiday spirit with those less fortunate.
The Container Store Hires Latham, Hunton AK, Houlihan Lokey to Advise on Bankruptcy
The Container Store, a Coppell-headquartered retailer specializing in home organizing solutions, filed for Chapter 11 bankruptcy protection late Sunday in the Southern District of Texas, seeking to restructure its debt and address operating losses. Container Store CLO Tasha Grinnell hired Latham & Watkins and Hunton Andrews Kurth as legal advisors. The ad hoc committee of lenders is represented by Paul Hastings.
DFW Business Litigation, M&A Deal and Creative Partnership of the Year Announced
The corporate legal departments at Arcosa, Helmerich & Payne, Jacobs Solutions, SPCA of Texas and Texas Pacific Land and their outside law firms are finalists in three key categories at the 2024 DFW Corporate Counsel Awards. The Association of Corporate Counsel’s DFW Chapter and The Texas Lawbook announced the finalists for the 2024 DFW awards for Business Litigation of the Year, M&A Deal of the Year and Creative Partnership. These three awards are unique because they celebrate the in-house corporate legal departments and their outside lawyers.
P.S. — Law Firms Share Holiday Spirit with Those in Need
With fewer than five days until Christmas Day and the start of Hanukkah, corporate law firms in Texas continue to demonstrate their giving spirit for those in need. During the past month, The Texas Lawbook’s P.S. column has highlighted nearly 20 law firms for their contributions to helping feed, clothe and house thousands of Texans who are struggling. Today, we turn the spotlight on three law firms — Sidley Austin, Katten and White & Case — for the support they are providing to those less fortunate.