Free Speech, Due Process and Trial by Jury
Television in the 1980s disrupted the media landscape with MTV and the QVC Shopping Network. MTV long ago gave up playing music videos, and the QVC Group on Thursday officially filed for Chapter 11 protection in the bankruptcy court in the Southern District of Texas, citing $6.6 billion in debts.
A group of 13 shareholders of biopharmaceutical tech company Sorrento Therapeutics allege in a new lawsuit that Dallas-based Jackson Walker’s decision to file its bankruptcy case in the Southern District of Texas was done to enrich the firm at the expense of the shareholders.
John D. Penn, a bankruptcy partner, has joined Fox Rothschild in Dallas, where he will focus his practice on complex bankruptcy and financial restructuring matters.
Bailey C. Pompea, a bankruptcy and commercial litigation partner, has joined Bonds Ellis Eppich Schafer Jones in Fort Worth from Michael Best & Friedrich. She will focus her practice on bankruptcy, restructuring and complex business disputes.
Since about 5 p.m. Tuesday — Day 1 of a three-day hearing on approval of nine settlements with former bankruptcy clients totaling roughly $4 million — Jackson Walker’s counsel and the U.S. Trustee had been working, at the judge’s direction, on reaching a compromise on the settlement language.
At the heart of the matter was the effect and scope of the language in the settlement agreements.
On the 867th day since the U.S. Trustee moved to vacate fees awarded to Jackson Walker in bankruptcy proceedings in 34 cases involving former Houston bankruptcy judge David Jones and a former firm partner, the parties met in federal court in downtown Houston for the start of a three-day hearing.
Atlanta-based Cumulus Media Inc. and 40 of its affiliated companies filed for Chapter 11 bankruptcy protection Wednesday in the Southern District of Texas.
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.
Houston-based Nine Energy Services and eight of its affiliated businesses filed Sunday for Chapter 11 bankruptcy protection in the Southern District of Texas.
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.
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.
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.
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