In its bankruptcy petition, Kal Freight cites between $100 million and $500 million in liabilities and provides the same range for its assets. Houston lawyer Benjamin Lawrence Wallen of Pachulski Stang Ziehl & Jones along with lawyers from the firm’s New York and California offices are listed as Kal Freight’s lead legal advisors.
Haynes Boone Announces New Texas Partners
The Dallas-based firm announced Thursday that it is promoting 15 lawyers to partner — nine of them in Texas — in eight different offices, including Dallas, Fort Worth and San Antonio. It is the second largest class of partner promotions in the firm’s history.
ACC-DFW & Texas Lawbook Name Lifetime Achievers: Bridgett Zeterberg, Marita Covarrubias, Derek Lipscombe
Bridgett Zeterberg has been a GC for nearly three decades guiding companies such as Total Wine, Tuesday Morning and now Torrid Holdings “through periods of significant transformation.” For more than 25 years, Marita Covarrubias has been an in-house lawyer and leader at Tenet Healthcare “managing some of the largest employment and general business litigation matters throughout the country.” Derek Lipscombe has been an in-house lawyer focused on labor and employment litigation for 20 years at AAA Texas, JC Penney and Toyota North America.
Zeterberg, Covarrubias and Lipscombe have a new common attribute: the Association of Corporate Counsel’s DFW Chapter and The Texas Lawbook are honoring them with the 2024 DFW Corporate Counsel Award for Lifetime Achievement.
Sidley Leads Independence Drilling’s Bankruptcy Restructuring in SDTX
Houston-based Independence Contract Drilling and its affiliated company, Sidewinder Drilling, filed for Chapter 11 bankruptcy protection late Monday in the Southern District of Texas. ICD leaders chose Sidley Austin as its lead legal advisor. Latham & Watkins is counsel for the noteholders. Piper Sandler is the investment bank advising ICD.
Foley Leads Vodka Maker’s Bankruptcy
The U.S. subsidiary of vodka producer Stoli Group and its sister company, whiskey maker Kentucky Owl, have filed for Chapter 11 bankruptcy protection in the Northern District of Texas.
Update: GOP Considers Appeal in Dallas Appeals Court Election
Thompson Coe litigation partner Matthew Kolodoski, a Republican candidate for the Fifth Court of Appeals in Dallas, will have to decide in the next few days whether he will challenge the official election results in his race against his Democratic opponent, Dallas Criminal Court Judge Tina Clinton. When votes were tallied on election night, Nov. 5, Kolodoski was unofficially declared the winner, leading Judge Clinton by 1,512 votes. But mail-in and provisional ballots were counted, there was a 3,000-vote swing in Judge Clinton’s favor.
Texas Secretary of State Updates Results in Dallas Appeals Court Election
Wednesday afternoon, as lawyers left their offices for the long Thanksgiving weekend, Texas election officials quietly updated the official results of the race for the Fifth Court of Appeals in Dallas. The final vote tally shows that Dallas County Criminal Court Judge Tina Clinton received nearly 1,600 votes more than her Republican opponent, giving the Democrats a sole victory among the eight races for state appellate court. But lawyers say that state Republican leaders are pressuring its candidate to challenge the results.
Weil, AZA Name Newly Promoted Partners for 2025
Weil and AZA are the 12th and 13th law firms in Texas to release their new partner list, bringing the total number of newly minted partners this cycle to 69.
Texas GC Forum Honors Corporate Legal Leaders of 2024
The Texas General Counsel Forum held its annual Magna Stella Awards dinner in San Antonio Thursday night recognizing nine chief legal officers and senior in-house counsel for their extraordinary achievements and leadership successes. The GC Forum provided The Texas Lawbook exclusive access to its annual meeting and the awards ceremony. More than 350 lawyers from corporate legal departments and law firms attended the event. The recipients included lawyers from Air Liquide, LyondellBasell, PlayPower, Schwab, Sumitomo, Texas Children’s Hospital and XRI Holdings.
Correction: David Starr’s name was mistakenly printed Carr in several references. The Lawbook apologizes for the error.
Baker Botts, AZA, Akin, V&E Announce Associate Bonuses Up to $140K
Great news moms: If you raised young lawyers, you should expect expensive presents from your daughters and sons this Christmas. A dozen large corporate law firms operating in Texas have informed their associates that they will be receiving year-end bonuses ranging from $21,000 for first-year lawyers to $140,000 for associates in their eighth year, which will be up for partner next year. Combined with recent hikes in base salaries, the most senior associates this year will be paid more than $575,000. Two Houston-based firms — Baker Botts and AZA — are the most recent business-focused firms to announce year-end bonuses for the associates it employs in its seven U.S. offices. Legal analysts say that the bonuses paid to just those 1,600 associates will cost their respective law firms an estimated $80 million.