Citing $112 million in municipal debt, Fort Worth senior living center The Stayton at Museum Way has filed for Chapter 11 bankruptcy protection for the second time in five years.
Houston Bankruptcy Judge Lopez’s Highly Complex, Big-Dollar Docket
Few Texas courtrooms are as busy as Houston Bankruptcy Judge Christopher Lopez’s. His docket of more than 380 business bankruptcies, plus a couple thousand personal and consumer bankruptcies, includes some of the highest profile and bitterly disputed corporate restructurings currently pending in the U.S., including J&J’s controversial $10 billion Chapter 11 Texas Two-Step restructuring under the subsidiary Red River Talc, and conspiracy theorist Alex Jones’ Info Wars media company. Judge Lopez is, by all accounts, establishing himself as one of the premier jurists for the most complex restructurings. But there are things lawyers should know when handling cases before Judge Lopez.
Kirkland, Bracewell Advise Vertex Energy in Bankruptcy
Houston-based energy transition products provider Vertex Energy Operating filed for Chapter 11 bankruptcy protection Tuesday in the Southern District of Texas citing $500 million to $1 billion in financial liabilities. Vertex Energy General Counsel James Gregory hired Kirkland & Ellis and Bracewell as its legal advisors in the restructuring. The case has been assigned to Houston Bankruptcy Judge Christopher Lopez.
Paul Hastings Adds to Bankruptcy Practice in Texas
Dallas corporate bankruptcy and restructuring partner Charles Persons has joined Paul Hastings as the corporate law firm continues to beef up its Texas bankruptcy operations.
Led by Jones Day and Porter Hedges, J&J Brings Texas Two-Step to Houston
Johnson & Johnson, hoping the third time’s a charm for solving its multibillion-dollar talc baby powder litigation fiasco, filed for Chapter 11 bankruptcy Friday for its Red River Talc subsidiary in Houston. The case featuring the highly controversial Texas Two-Step procedure has been assigned to Southern District of Texas Bankruptcy Judge Christopher Lopez. Two Texas lawyers expected to play key roles for the debtors in the case are Jones Day partner Gregory Gordon of Dallas and Porter Hedges partner John Higgins of Houston.
P.S. — North Texas Giving Day, ‘LAWtería’ Game Night, Texas Watch Honors Steve Laird
Lawyers flooded social media this week with announcements that they — and hundreds of their best friends — were named Texas Super Lawyers. But we identified some amazingly good things lawyers did this week for the legal profession and the community.
For example, Legal Aid of Northwest Texas benefited from the annual North Texas Giving Day. Texas Access to Justice Foundation and the State Bar of Texas’s Hispanic Issues Section announced it is hosting its fifth annual virtual game night to raise funds next week. The nonpartisan citizens advocacy group Texas Watch honored Fort Worth trial lawyer Steve Laird with its Champion of Justice Award. And Sheppard Mullin kicked off the Dallas Bar Association’s Equal Access to Justice Campaign, which is being co-chaired by Oncor GC Matt Henry, with a five-figure donation.
Arnold & Itkin Seeks Sanctions Against AZA Over ‘Inflammatory’ Media Coverage of Hurricane Zeta Case
Plaintiffs’ lawyers representing about 20 crew workers aboard the Deepwater Asgard drilling rig in the Gulf of Mexico when Hurricane Zeta hit in October 2020 have asked a Houston judge to issue sanctions and possibly remove defense attorneys for Transocean Offshore Drilling for a “false and inflammatory” pretrial filing last week that the lawyers say “tainted the jury pool” and “deprived plaintiffs of their right to an impartial jury.” Attorneys for Arnold & Itkin claim that opposing counsel Ahmad Zavitsanos & Mensing violated disciplinary rules when AZA publicly accused the Houston plaintiffs’ firm of being involved in a financial scheme that includes medical experts and a private equity funding source.
P.S. — Jack Balagia’s New UT Law Assignment, San Antonio ACC’s Ethics & Leadership Award Nominations
Retired Exxon Mobil GC Jack Balagia gets a new position. The American Bar Association recognizes retired Texas Criminal Court of Appeals Judge Elsa Alcala. And the Association of Corporate Counsel’s San Antonio Chapter seeks nominations for its prestigious Lee Cusenbary Ethical Life & Leadership Award.
Next week, The Texas Lawbook will announce a planned expansion of the Texas Lawbook Foundation and its mission. Also, a reminder: Please send us any information about scholarship programs set up by law firms, lawyers or legal organizations for students from low-income and disadvantaged families and communities.
Match Names former Twitter GC as CLO
Dallas-based Match Group has named former Twitter General Counsel Sean Edgett as its new chief legal officer replacing Jared Sine, who resigned earlier this year to become CLO at GoDaddy.
Litigation Roundup: Court Wins for Porter Hedges, Holland & Knight and Pro Se Plaintiff Against Houston Methodist
The Texas Lawbook has two reporters in federal courts covering jury trials this week — Bruce Tomaso in Sherman following a civil rights trial and Krista Torralva in Marshall covering a big patent dispute. More from those cases this week.
But this week’s Litigation Roundup focuses on three court cases that resulted in two victories for the defense counsel and a federal appellate reversal for a white pro se plaintiff in a race discrimination lawsuit.