Free Speech, Due Process and Trial by Jury
The Irving-based operator of First Choice ER, the oldest and largest freestanding emergency-room network in the country, faces a rocky road to liquidation. Bill Hethcock of the Dallas Business Journal has the story.
The Plano bankruptcy boutique Pronske & Kathman has merged its operations with Spencer Fane.
The Dallas-based home goods retailer filed for bankruptcy last May. Haynes and Boone guided the company, which is emerging with additional liquidity that will support its ongoing operations and strategic initiatives.
Within a few hours of Superior Energy Services filing for bankruptcy Monday in the Southern District of Texas, the court docket was filled with notices of appearance by at least five law firms and five financial advisors. The Texas Lawbook has the names.
As Texas ends 2020 with a record number of business bankruptcies, four legal experts, including SDTX Chief Bankruptcy Judge David Jones, say there is much more carnage to come, especially in the world of real estate, retail and midstream energy, according to a panel of leading corporate bankruptcy and restructuring experts. At an exclusive CLE Friday, the panelists predicted that business restructuring cases are going to get increasingly difficult to resolve in a positive manner and that many companies seeking to reorganize will be forced to liquidate instead. The Texas Lawbook has exclusive details.
A Houston boutique retailer and a London oil rig operator filed for Chapter 11 last week. Francesca's hired no Texas lawyers, while Seadrill filed for bankruptcy protection in SDTX and multiple law firms in Texas are involved.
Most lawyers in Texas simply tried to survive 2020. A small handful thrived. One lawyer – a judge – has had a year for the ages. David Jones, Chief Bankruptcy Judge of the Southern District of Texas, is a disruptor of law and business. No judge in the U.S. in 2020 has had more impact on corporate boardrooms, C-suites and tens of thousands of day laborers as Judge Jones. Citing the extraordinary, commonsense reforms for complex corporate bankruptcies implemented by Judge Jones and the impact they have had on the practice of law in Texas, The Texas Lawbook is naming David R. Jones as the 2020 Lawyer of the Year.
(Photo: Houston Chronicle)Two weeks after national mall owner CBL filed for bankruptcy protection in Houston, the number of legal and financial advisors involved in the corporate restructuring now includes Weil Gotshal, Akin Gump, Berkeley Research Group and at least seven other firms. The Texas Lawbook has the details.
Oklahoma-based Gulfport Energy and 10 of its affiliated companies filed for bankruptcy in the Southern District of Texas on Friday. Nine corporate law firms representing debtors, creditors, lenders and special committee board members have already filed motions to be involved in the $2.5 billion restructuring. The Lawbook has the details.
Texas lawyers from Latham & Watkins and Jones Walker are advising the company.
Houston-based Oasis Petroleum said Wednesday that it had filed for Chapter 11 bankruptcy protection in federal court as part of prepackaged plan the company reached with its largest creditors in an effort to clear $1.8 billion in debt.
Aaron Kaufman, who recently guided Gold's Gym and its affiliates through bankruptcy in the Northern District of Texas, has left Dykema for Gray Reed.
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