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.
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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.
Litigation Roundup: Split Panel Sides with Anadarko in $30M Wells Fargo Suit
In this edition of Litigation Roundup, Texas touts what could be a first-of-its-kind settlement with an artificial intelligence company accused of misleading customers about the reliability of the product, The Wall Street Journal secures a ruling upholding the strength of its subscription agreements, and the full Fifth Circuit agrees to rehear a case involving a Houston personal injury law firm and a former associate.
Pillsbury Hires Away Energy and Construction Litigator from Locke Lord
Derrick Carson, who previously chaired Locke Lord’s energy litigation practice and construction law practice groups, has represented clients in complex energy and construction disputes for more than 25 years. Pillsbury announced Monday that Carson joined the firm as a partner in its Houston office.
Paul Hastings Adds to Bankruptcy Practice in Texas
Dallas corporate bankruptcy and restructuring partner Charles Persons has joined Paul Hastings as the corporate law firm continues to beef up its Texas bankruptcy operations.
Led by Jones Day and Porter Hedges, J&J Brings Texas Two-Step to Houston
Johnson & Johnson, hoping the third time’s a charm for solving its multibillion-dollar talc baby powder litigation fiasco, filed for Chapter 11 bankruptcy Friday for its Red River Talc subsidiary in Houston. The case featuring the highly controversial Texas Two-Step procedure has been assigned to Southern District of Texas Bankruptcy Judge Christopher Lopez. Two Texas lawyers expected to play key roles for the debtors in the case are Jones Day partner Gregory Gordon of Dallas and Porter Hedges partner John Higgins of Houston.