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Bankruptcy

Luminar Technologies Files Bankruptcy in SDTX

A Florida company that makes laser sensors for vehicles filed for Chapter 11 bankruptcy protection Monday in Houston, citing $508 million in liabilities owed to more than 200 creditors but only $189 million in assets.

Luminar Technologies hired Weil Gotshal as its lead outside legal advisor, with Houston partner Stephanie Morrison and New York partner Ronit Berkovich leading the way. The case has been assigned to Houston Bankruptcy Judge Christopher Lopez.

Mark Curriden

Dallas PE Firm Largely Cleared in $180M Alliance of American Football Bankruptcy Case

Western District of Texas Chief U.S. Bankruptcy Judge Craig A. Gargotta issued a 199-page opinion and order Tuesday in a case he’s been presiding over for six years. He wrote that the trustee failed to prove all but one of its claims for relief and awarded just $1 in damages. “Further, there was insufficient evidence to support an award of damages or attorney’s fees in this case,” he wrote. “The result may be viewed as harsh, but it is appropriate.” 

Michelle Casady

Houston Retirement Home Files for Bankruptcy in DFW

Buckingham Senior Living Community cited between 1,000 and 5,000 creditors who are owed between $100 million and $500 million, according to court documents. Buckingham has hired McDermott, Will & Schulte as its lead legal advisor. Partner Marcus Alan Helt of the firm’s Dallas office filed the first day documents in the case.

Mark Curriden

Judge Says Jackson Walker Has No Right to Jury Trial in Bankruptcy Fee Dispute

In the concise eight-page order, Chief U.S. District Judge for the Western District of Texas Alia Moses denied Jackson Walker’s demand for a jury trial, hit pause on several proposed settlements the firm has reached with its former bankruptcy clients, consolidated the 34 cases where the U.S. Trustee is trying to claw back millions in fees, and sent them back to the Southern District of Texas bankruptcy judge who had been overseeing the cases until April.

Michelle Casady

Renewable Energy Company Files Ch. 11 to Restructure in Houston

Pine Gate Renewables and 78 of its affiliated businesses filed for Chapter 11 bankruptcy protection Thursday in the Southern District of Texas as the North Carolina-headquartered business “continues to engage in a competitive sales process with multiple interested parties to transition ownership of its solar and energy storage project fleet while preserving jobs and maximizing value.”

Mark Curriden

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