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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.
Fort Worth-based Lonestar Resources US Inc. plans to wipe $390 million in debt with an upcoming bankruptcy filing and a restructuring agreement it has reached with its largest stakeholders, the oil producer announced Tuesday.
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