Free Speech, Due Process and Trial by Jury
The romance continued Sunday evening between Jackson Walker and Kirkland & Ellis as the bankruptcy duo filed a Chapter 11 corporate restructuring petition on behalf of Houston-based department store chain Stage Stores, which operates Bealls, Palais Royal and others.
The much-anticipated move by the luxury retailer involved 24 separate entities filing in the Southern District of Texas. Natalie Posgate has the names of lawyers and bankers involved.
J.Crew is the first of an expected wave of major brand names to file for bankruptcy as the COVID-19 pandemic continues to keep retailers' doors shuttered. J.Crew's Chapter 11 features prolific Dallas litigators and a private equity owner with Texas roots.
The Dallas-based company has tapped lawyers at Dykema to lead it through Chapter 11. Natalie Posgate reports on this story and another bankruptcy filing by a Dallas men's clothier.
Three weeks after losing the very first IP trial decided by U.S. District Judge Alan Albright, Crowley-based Diamondback Industries filed for bankruptcy protection, citing the $40 million judgment as first among their debts. Natalie Posgate has the details.
The move returns the Blank Rome attorney to his former firm, where he last served as counsel.
The DFW-based retailers skipped debt payments this week as the COVID-19 pandemic ravages retailers and reports that both are possibly in bankruptcy talks, according to multiple reports.
The parent company of Chuck E. Cheese and Peter Piper Pizza has created a committee to explore restructuring and financing opportunities and hired two highly-respected firms as its primary outside advisors, according to documents filed by CEC Entertainment with the U.S. Securities and Exchange Commission.
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