Free Speech, Due Process and Trial by Jury
The analytical drug discovery and development services and research company Inotiv and 18 of its affiliated entities filed for Chapter 11 bankruptcy protection Wednesday in the Southern District of Texas.
Inotiv, which cites $500 million to $1 billion in both liabilities and assets, hired Ropes & Gray and Hunton Andrews Kurth as its lead legal advisors.
GoldenPeaks Poland, a European renewable energy company that operates solar-powered systems in Poland and Hungary, and 40 of its affiliated businesses filed for Chapter 11 bankruptcy protection in the Southern District of Texas on Friday.
The bench trial between the trustee of a Dallas luxury senior living community and its landlord began Tuesday afternoon in U.S. District Court Judge Ada Brown’s courtroom. The Edgemere went into bankruptcy in 2022 and was bought at auction in 2023. The company claims its landlord attempted to take control of the business.
One of the largest bitcoin ATM operators filed Monday for Chapter 11 bankruptcy in the Southern District of Texas, but company executives say they plan to use the bankruptcy process for “an orderly wind-down of operations and a sale of the company’s assets” because the company’s “current business model is unsustainable.”
Blank Rome announced this week that veteran bankruptcy attorney Buffey Klein is joining their Dallas office. Klein leaves Husch Blackwell after 23 years, the last three as the firm’s Dallas managing partner.
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.
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