Free Speech, Due Process and Trial by Jury
Jackson Walker, which represented JCPenney during its 2020 bankruptcy proceedings, has agreed to pay the estate of the department store $1.4 million as a result of a romantic relationship between a former partner and a former Houston bankruptcy judge. This latest settlement proposal requires the court’s approval, but the U.S. Trustee’s Office remains opposed to individual settlements.
Dallas-based bankruptcy and litigation boutique Ross & Smith announced Thursday that it has inked a business partnership with Offit Kurman, a 280-attorney full-service firm founded in Maryland that now has 20 offices across the U.S.
Vartabedian, Hester & Haynes announced Tuesday that the 30-lawyer DFW-based firm is expanding its business bankruptcy and restructuring practice with the addition of two lawyers from Butler Snow — Martin Sosland and Candice Carson.
Elizabeth Freeman and her law firm filed the 54-page dismissal motion, which includes more than 1,000 pages of exhibits, on Tuesday. The bondholders had filed suit in June, alleging she was among a group of individuals working “together to prey upon distressed entities for their own financial gain.”
A Denver-based medical transportation company has filed for Chapter 11 bankruptcy protection in the Southern District of Texas stating the court restructuring is “intended to strengthen its financial foundation while continuing to provide access to care, reduce costs, and improve outcomes for clients and members nationwide.” Citing more than 25,000 creditors and $1 billion to $10 billion in financial liabilities, ModivCare Inc. and 70 of its affiliated businesses hired Latham & Watkins and Hunton Andrews Kurth as its lead legal advisors for the restructuring.
Lithium-ion battery recycler Aleon Metals and two of its subsidiaries, Gladieux Metals Recycling and Aleon Renewable Metals, filed for Chapter 11 restructuring Sunday in the Southern District of Texas.
The federal government’s bankruptcy court watchdog asked a federal judge Friday to reject efforts by Jackson Walker to individually settle claims against it involving the law firm’s critical role in the secret romance scandal between one of its partners and former Houston Bankruptcy Judge David Jones.
Information technology company Sungard AS New Holdings has asked the court to approve a $385,000 settlement it reached with Jackson Walker that would end its bankruptcy fee dispute with the Dallas-based law firm. This marks back-to-back weeks companies involved in the bankruptcy fee dispute have asked the court to approve settlements with the firm.
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