A state judge sanctioned a Houston area restaurant owner and his lawyer $150,000 jointly and separately after finding the client filed numerous frivolous claims that were lies and the lawyer knowingly filed the false claims on his client’s behalf.
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Another Fertitta SPAC Deal; This One for $875M
The SPAC market’s hot streak continues with a multi-billion-dollar deal involving a blank-check firm helmed by Houston hospitality mogul and NBA team owner Tilman Fertitta. White & Case and Ropes & Gray are advising.
DBJ: Studio Movie Grill Founder Discusses Bankruptcy, Future of the Chain
Dallas Business Journal reporter Catherine Leffert recently visited with Studio Movie Grill Founder Brian Schultz, who called the bankruptcy process an “emotional rollercoaster.”
Latham Advises on Two $1B+ SPAC Deals
The two deals, part of a huge spate of SPACs advised by Latham involve business software and solar fintech. Caroline Evans has the names of the lawyers involved.
Bankruptcy Experts: Middle Market’s ‘Day of Reckoning is Coming’
Corporate bankruptcies in Texas shattered all records during the first 11 months of 2020, as the Covid-19 pandemic and struggles in the oil patch sent an historic number of large, multibillion-dollar companies rushing to federal court to restructure. All that changed in December, as Chapter 11 business bankruptcies plummeted more than 60% from November.
But bankruptcy experts see a second blitz of bankruptcies – this time filed by middle market and smaller companies, which will be much more difficult to restructure – hitting the Texas courts in Q2 and Q3 2021.
‘Crucify Him! Crucify Him!’ The Story of the Mob and the Minister
Dr. Howard Jones stepped to the pulpit of his church 115 years ago six days after a riotous mob had terrorized his city. A judge, prosecutor and sheriff who facilitated the murderous herd were among his congregation. In one of the greatest sermons ever preached, he denounced lawlessness and cowardice. The result: Dr. Jones was fired as pastor. The mob burned down his home. He and his family fled for their lives. But his sermon is as true today and it was in 1906: “Whatsoever a man – or a community soweth – that shall they also reap.”
V&E, Latham, Mayer Advise on $2.6 Billion EV Charging SPAC Merger
EVgo, a Los Angeles-based electric vehicle charging outfit that opened its first-ever station in Texas in 2011, is set to go public through a merger with New York-listed blank-check firm Climate Change Crisis Real Impact I Acquisition. Proceeds from the deal will fund the company’s ambitious expansion plans.
Texas M&A: A Bottom-Heavy Market…For Now
When you’re looking at Mergermarket stats on deals by Texas companies or Corporate Deal Tracker stats on deals handled by Texas lawyers, 2020 looks pretty much the same: more than two-thirds of last year’s deals were worth less than $500 million.
Caroline Evans explains the significance of that fact.
SCOTX Ponders Demands for Uninsured Medical Charges
Medical providers offer “letters of protection” to allow uninsured persons to receive medical treatment in anticipation of personal injury settlements. Critics say they can be used to hike the costs of litigation. The Texas Supreme Court heard arguments recently that discovery should allow defendants greater access to the real costs of such medical care. Janet Elliott details the arguments.
CDT Roundup: 17 Deals, 13 Firms, 132 Lawyers, $6.8B
So, we have a new president, one who has telegraphed his intentions regarding hydrocarbons. Decarbonization is going to be a big deal. The Keystone XL pipeline apparently isn’t. Not only does it mark a break with the past, it may mark the point at which we recognized that lots of energy dollars had already moved on. In the CDT Roundup Caroline Evans explains.
