Cumulus Media Hires Paul Weiss, Porter Hedges for Restructuring
Atlanta-based Cumulus Media Inc. and 40 of its affiliated companies filed for Chapter 11 bankruptcy protection Wednesday in the Southern District of Texas.
Axip Energy Hires V&E to Lead Chapter 11
The Houston-headquartered natural gas compression company that focuses primarily in the Permian Basin states in court documents that it has $240 million in liabilities, but that it has agreed to divest most of its assets to Service Compression of Fort Worth.
Nine Energy Hires Kirkland and KRCL for Chapter 11 Restructuring
Houston-based Nine Energy Services and eight of its affiliated businesses filed Sunday for Chapter 11 bankruptcy protection in the Southern District of Texas.
FAT Brands Hires Latham, Hunton AK, Steptoe In Texas Chapter 11 Filing
A California-headquartered national restaurant chain that operates Johnny Rockets, Fazoli’s, Twin Peaks and Fatburger filed for Chapter 11 business bankruptcy protection Monday in the Southern District of Texas.
Bondholder Sues Ex-Judge Jones, Firms Over SDTX Bankruptcy Scandal
A proposed class action lawsuit filed in the Southern District of Texas claims former bankruptcy Judge David Jones, former Jackson Walker bankruptcy partner Elizabeth Freeman and major law firms allegedly hid the romantic relationship between Jones and Freeman. Jones resigned from the bench in 2023 after news of his relationship with Freeman was publicly reported.
Saks Files Bankruptcy in Houston
Luxury retailer Saks Global Holdings, the parent company of Neiman Marcus, Bergdorf Goodman and Saks Fifth Avenue, filed for Chapter 11 bankruptcy protection Tuesday in the Southern District of Texas. The retailer selected Willkie Farr, Haynes Boone and Bradley Arant as its lead legal advisors to guide the 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.
Judge Isgur Says Trustee’s Settlement Demand in D&O Insurance Dispute ‘Reasonable,’ Insurer’s Refusal ‘Wrongful’
A federal bankruptcy judge in Houston has determined that while a litigation trustee’s $4.65 million settlement demand is reasonable, the court cannot compel Relm Insurance Ltd. to fund the within-limits settlement.