Houston-based Parker Drilling said Wednesday it’s filing for bankruptcy and losing its listing on the New York Stock Exchange. The financially hobbled onshore drilling contractor has struggled mightily since the
The SEC announced Wednesday that America Modern Green Senior, America Modern Green Community and America Modern Green Residential have agreed to settle charges that they improperly used $49.5 million they raised from 90 Chinese investors for a project under the EB-5 Immigrant Investor Program.
Two recent rulings for $178.5 million have ended what had been one of the longest running cases in the nation. The downside of the case, filed nearly three decades ago, is that only about 70 of the original 2300 plaintiffs have lived to see its end. The Lawbook’s Litigation Writer Natalie Posgate has the bittersweet details.
Corporate bankruptcy lawyer Eric Seitz is in El Paso representing a Honduran father who fled murderous gangs with his teenaged sister who threatened to kill them and is seeking asylum. The need for lawyers at the border is still there and The Texas Lawbook has details.
(Sept. 19) – Blank Rome announced recently that James Grogan has joined the firm’s Houston office as a partner in its finance, restructuring and bankruptcy practice group. Grogan lateraled over
Kyung Lee previously led the restructuring and reorganization group at Diamond McCarthy, where he practiced for nearly 17 years.
In this article, lawyers from King & Spalding say that although the recent wave of oil and gas bankruptcies has crested and prices have somewhat rebounded, the Second Circuit’s decision may have a lasting impact on future bankruptcies in the industry.
Russell Mills lateraled over from Hiersche, Hayward, Drakeley & Urbach.
The time has come to eliminate venue shopping in corporate bankruptcies and restructuring. Based on my first-hand experience leading American Airlines’ corporate restructuring in a distant locale, it is my view that Congress should amend the bankruptcy laws and eliminate venue shopping. U.S. corporations should be required to file bankruptcy cases in their hometown jurisdiction. This exclusive Texas Lawbook article explains why.
Esteemed bankruptcy lawyer Stephen Youngman, who worked on the historic American Airlines Chapter 11 restructuring, died Monday “after a courageous battle with cancer,” firm officials said.