Michael Galdo enters the private sector after more than 15 years as a federal prosecutor. He recently served as the Department of Justice’s Director of COVID-19 Fraud Enforcement in the Office of the Deputy Attorney General and was an assistant U.S. attorney in charge of cybercrime in the Western District of Texas.
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Houston Bankruptcy Judge Lopez’s Highly Complex, Big-Dollar Docket
Few Texas courtrooms are as busy as Houston Bankruptcy Judge Christopher Lopez’s. His docket of more than 380 business bankruptcies, plus a couple thousand personal and consumer bankruptcies, includes some of the highest profile and bitterly disputed corporate restructurings currently pending in the U.S., including J&J’s controversial $10 billion Chapter 11 Texas Two-Step restructuring under the subsidiary Red River Talc, and conspiracy theorist Alex Jones’ Info Wars media company. Judge Lopez is, by all accounts, establishing himself as one of the premier jurists for the most complex restructurings. But there are things lawyers should know when handling cases before Judge Lopez.
BP Energy Says Dallas Oilman Brad Cox Owes $270M+
BP Energy Company has filed a lawsuit in the Texas business courts accusing Dallas oilman Brad Cox of breaching a $270 million guaranty agreement related to a loan given to MLCJR LLC, a business owned by Cox.
It is one of less than a dozen cases filed in the business courts since they opened Sept. 1 and is by far seeking more damages than any of the other cases filed in those courts.
A Warning for Employers in the Energy Sector
The U.S. energy sector is experiencing ongoing consolidation, with $250 billion worth of deals in 2023 alone. This trend often leads to workforce restructuring, making it crucial for employers to understand potential triggers for the Worker Adjustment and Retraining Notification Act requirements.
Kirkland, Bracewell Advise Vertex Energy in Bankruptcy
Houston-based energy transition products provider Vertex Energy Operating filed for Chapter 11 bankruptcy protection Tuesday in the Southern District of Texas citing $500 million to $1 billion in financial liabilities. Vertex Energy General Counsel James Gregory hired Kirkland & Ellis and Bracewell as its legal advisors in the restructuring. The case has been assigned to Houston Bankruptcy Judge Christopher Lopez.
State Fair Gun Ban Still in Effect After 15th COA Ruling
A brief, two-sentence order issued by the new appellate court on Tuesday afternoon dealt a blow to Attorney General Ken Paxton’s attempts to force the State Fair of Texas to allow firearms on premises during the 24 days the fair is open to the public.
Akin Bolsters Investment Management Team in Dallas
Shannon Thompson, who joins the firm from Kirkland & Ellis, represents private equity and other alternative asset managers.
Winston & Strawn Adds Tax Partner Louis Jenull
The Dallas tax expert has significant experience within the renewable energy and infrastructure sectors.
Latham Enhances Project Development Practice in Houston
New Latham partner Jonathan Katz practiced for nearly a dozen years at King & Spalding. Houston office managing partner Nick Dhesi said Katz is highly regarded for his experience in crafting EPC contracts for energy and infrastructure projects.
CDT Roundup: 11 Deals, 10 Firms, 192 Lawyers, $9.6B
Since the record year of 2021, IPOs have been scarce by any standard. Even SPACs have been in decline. The two non-SPAC IPOs that reached the CDT Roundup last week hardly represent a bumper crop. But with 145 logged with the SEC so far this year, we may be on a pace for the most IPOs since 2021. The CDT Roundup takes a look at those two new IPOs and what they might tell us about the market in Texas and elsewhere — along with the usual summary of last week’s Texas transactional action.