Texas Fracking Sand Miner Files for Bankruptcy in NDTX
Citing $100 million to $500 million in liabilities and assets, FCI Sand Operation filed for Chapter 11 bankruptcy protection in the Northern District of Texas on Wednesday.
Industrial 3D Printer Files for Bankruptcy in Houston
Massachusetts-based Desktop Metal Operating and 15 of its affiliated companies have filed for Chapter 11 bankruptcy protection in the Southern District of Texas.
Seadrill Partners Seeks Approval of Jackson Walker Bankruptcy Settlement
Seadrill Partners and Seadrill Limited — the offshore drilling rig operators whose bankruptcy proceedings are among the 33 cases where the U.S. Trustee’s Office is trying to claw back millions in fees awarded to Jackson Walker — asked the court on Friday to approve its $485,000 settlement with the Dallas-based law firm.
DFW Business Bankruptcy Cases Most Since Great Recession
Fueled by financial distress in the healthcare and hospitality industries, a record number of businesses filed for bankruptcy in the Northern District of Texas federal courts during the first six months of 2025. New Texas Lawbook data shows that 622 companies and their affiliated businesses sought protection to restructure under Chapter 11 in the Texas bankruptcy courts between Jan. 1 and June 30 — more than any other state by a large margin. A half-dozen leading business bankruptcy experts provide their insights.
What Happened to the Commercial Real Estate Bankruptcy Boom? Texas Corporate Bankruptcy Law Experts Discuss the Restructuring Landscape
The Texas Lawbook interviewed seven of the top business bankruptcy lawyers in Texas about trends and developments in their practices during 2025. The experts include Sidley Austin partner Duston McFaul, Godwin Bowman partner Sid Scheinberg, O’Melveny & Myers partner Lou Strubeck, Haynes Boone partner Charles Beckham, Ross & Smith partner Frances Smith, Bradley Arant partner Jarrod Martin and Bracewell partner Trey Wood.
Sorrento Therapeutics Officers, Directors Targeted in Trustee’s Adversary Proceeding
The liquidating trustee overseeing the Sorrento Therapeutics Chapter 11 bankruptcy filed an adversary proceeding this week against the company’s directors and officers, alleging their breaches of fiduciary duty caused the company’s creditors to suffer at least $100 million in damages.
U.S. Trustee Opposes Jackson Walker’s Jury Demand in Bankruptcy Fee Case
The U.S. Trustee’s Office has told Chief U.S. District Judge Alia Moses that Jackson Walker “has no substantive right to a jury trial” in the case where it is trying to claw back millions in fees awarded to the law firm in 33 cases where former bankruptcy judge David Jones served as a mediator or judge.
Mediation Fails in Jackson Walker, U.S. Trustee Bankruptcy Fee Dispute
The multimillion-dollar dispute between Jackson Walker and the U.S. Trustee over legal fees paid to the law firm involved in the Houston bankruptcy court romance scandal looks like it is heading to trial. Lawyers for Jackson Walker informed federal court officials Tuesday that efforts to resolve the litigation through mediation had failed.