Exclusive: AA GC Kennedy: No Plan B and No Retreating

American Airlines GC Gary Kennedy says he was shocked and disappointed that Texas AG Greg Abbott joined the federal antitrust lawsuit filed last week to stop AA's $11 billion merger with US Airways. Kennedy says "no concerns were voiced in advance" by Abbott's legal team. Kennedy says the airline has “no contingency plan” if the merger fails and that the company is “focusing all of our efforts and energies on winning this lawsuit.” Meanwhile, the airline is spending about $500,000 a day in legal expenses.

August 20, 2013 Mark Curriden

Extend & Pretend – Texas Business Bankruptcies Plummet… For Now

Bankruptcy filings by Texas businesses continue to decline and that it is having a negative financial impact on Texas law firms with significant bankruptcy practices. But legal experts predict there’s a potential wave of new corporate bankruptcy cases headed this way in 2014 and 2015. The number of companies in the Northern and Southern Districts that filed to reorganize and restructure during the past 15 months dropped 40 percent.

May 14, 2013 Mark Curriden

No Sole Method in Determining Cramdown Interest Rate in Chapter 11

Bankruptcy experts Greg Hesse and Eric Flynn examine Fifth Circuit decision that borrowers and lenders should study.

April 3, 2013 Mark Curriden

AMR Legal Fees in Bankruptcy Exceed $170 Million

With a few months of bankruptcy proceedings still to go, AMR's legal fees continue to mount, topping more than $170 million so far.

February 17, 2013 Natalie Posgate

AMR Lawyers: Bankruptcy and Merger Deal “Extraordinarily Unique, Complex” and Expensive

American Airlines GC Gary Kennedy and his lead outside counsel, Thomas Roberts and Glenn West of Weil, provide an exclusive insight into how the AMR and US Airways deal came together. "It is an intense deal with lots of moving parts," says West.

February 17, 2013 Natalie Posgate & Mark Curriden

Dallas Federal Judge Rules for Verizon in $9 Billion Lawsuit

Creditors in the 2010 bankruptcy case of Dallas-based Idearc Inc. seeking to recoup more than $9 billion in losses were dealt a near certain death blow Tuesday when a federal judge in Dallas ruled they have almost no chance of winning their case.

January 23, 2013 Mark Curriden

The 10 Biggest Business Law Stories of 2012

American Airlines' bankruptcy, dozens of billion-dollar energy deals, BP oil spill settlements and the criminal trial of Houston investor R. Allen Stanford were among the lead business law stories of 2012.

December 27, 2012 Androvett

AMR Corp. Legal Bankruptcy Fees: $100 Million and Counting

The lawyers advising American Airlines and its creditors in bankruptcy court have made about $100 million so far. More than a dozen lawyers working regularly on the bankruptcy are charging $1,000 or more and three are billing at $1,150 an hour, according to court records. More than a dozen other lawyers are charging $900 to $975 an hour. Overall, lawyers billed more than $120 million to AMR since the Fort Worth-based company filed for bankruptcy protection 11 months ago. Read more to get all the inside details.

October 31, 2012 Natalie Posgate

Business Bankruptcy Filings in Texas Down 39% in 2012

The number of companies that filed for bankruptcy in Texas declined dramatically during the first six months of 2012, but legal experts say that is not necessarily good news for businesses in the state. In fact, many legal experts say that Texas Bankruptcy Courts could see a wave of new businesses filing for Chapter 11 protection if the economy gets better. If the economy worsens, the state would likely see an increase in Chapter 7 liquidations.

July 17, 2012 Mark Curriden

Dallas-based Reddy Ice Holdings Shows Texas Bankruptcy Courts Provide Fair and Speedy Venue

The largest packaged ice manufacturer in the U.S. filed for Chapter 11 in April. Reddy Ice’s 467-page reorganization plan was signed 48 day later.

May 31, 2012 Mark Curriden

Fifth Circuit: Inherited IRAs Protected in Bankruptcy

Case of first impression expected to have widespread impact.

March 13, 2012 Janet Elliott

American Airlines Bankruptcy Fees Could Top $100 million

AMR Corporation’s filing for Chapter 11 sent bankruptcy lawyers in north Texas scrambling Tuesday to line up clients and could put an estimated $100 million in the coffers of a couple prominent national law firms.

November 29, 2011 Mark Curriden