Creditors and debtors in a Texas Two-Step bankruptcy case in Houston reached an agreement Wednesday that both sides believe will resolve more than 200 medical malpractice claims brought by inmates against prison healthcare provider Tehum Care Services, a subsidiary of Corizon Health. Tehum, which filed for Chapter 11 bankruptcy protection in 2023, agreed to pay $75 million to creditors, including the plaintiffs who accuse Corizon and Tehum of providing inadequate medical care that led to injuries and deaths at about 50 prisons in more than two-dozen states.
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Blank Rome Expands Energy Offerings with Reed Smith Trio
A three-partner team specializing in energy finance transactions including Ryan Purpura and Matt Lea in Houston have departed Reed Smith to join Blank Rome.
Crypto Groups, 7 States File Amicus Briefs in Fort Worth SEC Case
The U.S. Securities and Exchange Commission is overstepping its authority and bringing unfair enforcement actions against the cryptocurrency industry, several interested parties have argued in amicus briefs filed in a lawsuit asking Judge Reed C. O’Connor to rule that digital assets are not securities. LEJILEX, a Texas company that intends to launch a digital asset trading platform, filed suit against the SEC in February. Seven states also argue the SEC’s aggressive actions threaten to preempt dozens of state laws.
Darden Buys Chuy’s in $605M Deal
Out-of-state lawyers led the Hunton Andrews Kurth team that counseled the buyer and a Dallas group from Winston assisted the seller on the transaction, which comes with a 30-day “go-shop” period.
Sorrels Bolsters Firm with Trial and Appellate Lawyer from Hoover Slovacek
Becoming a lawyer was about the furthest thing from a young Dylan B. Russell’s mind when he was a budding saxophone player at the University of Texas in the 1990s.
Texas Lawbook 50: 11 Firms Rise to Elite Status
Eleven corporate law firms operating in Texas reached elite financial status in 2023.
Texas Lawbook 50 data shows that three Texas-based law firms and eight national law firms reported at least $3 million in profits per partner and $1.4 million or more in revenue per lawyer in their Texas operations last year.
Deposition of Former Houston Bankruptcy Judge Put on Hold
The on-again, off-again deposition of former Houston Bankruptcy Judge David Jones is on hold again. Lawyers for Jackson Walker want to question Judge Jones about his secret relationship with one of its former partners while still handling corporate bankruptcy cases involving the lawyer and the law firm. But SDTX Chief Bankruptcy Judge Eduardo Rodriguez postponed the depo to determine which questions lawyers can force Judge Jones to answer.
By Ditching Chevron Deference, SCOTUS Drastically Changes the Litigation and Compliance Landscape
What will the post-Chevron era look like? The full and future impact of overturning Chevron is unclear, but it is safe to assume that innumerable businesses and industries will be impacted.
CDT Roundup: 20 Deals, 14 Firms, 268 Lawyers, $17.2B
We’ve passed the halfway point of 2024, so it seems like a good time to make a periodic check of our own metrics. This week we look at the table that hides in plain sight inside our column and actually use it to measure what we’ve done; specifically, a statistical survey of the deal summaries we’ve published so far this year. As usual, the numbers are surprising, even to us; especially the number of names of lawyers that have showed up in the column. And, of course, we include even more names from the deals we received last week.
Bell Nunnally Awards Midyear Associate Bonuses
Citing an extraordinary first six months of success, Bell Nunnally has awarded its two-dozen associates midyear bonuses ranging from $10,000 to $25,000.
“We are having a fantastic year with revenues up seven to nine percent year-over-year,” Chris Trowbridge, managing partner of the Dallas-based law firm, told The Texas Lawbook. “We did not want to wait until the end of the year to reward our associates for their great work.”