A Pennsylvania-based glucose and diabetes monitoring device manufacturer listing liabilities of $1.7 billion filed for Chapter 11 bankruptcy protection Tuesday in the Southern District of Texas.
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Casino Operators File for Bankruptcy in SDTX
Maverick Gaming, a Washington state-based gambling operation, and 68 of its affiliated businesses filed for Chapter 11 bankruptcy protection, citing $100 million to $500 million in liabilities.
Fifth Circuit Tells Judge O’Connor More Analysis Needed in Media Matters, X Corp. Venue Spat
A three-judge panel of the U.S. Court of Appeals for the Fifth Circuit on Tuesday instructed U.S. District Judge Reed O’Connor to conduct a more thorough analysis before deciding whether to grant a motion from Media Matters to move a lawsuit to the Northern District of California.
Willkie Continues to Expand its Dallas Office with Veteran Dealmakers
Willkie Farr & Gallagher continues to expand the Dallas office it opened a year ago, this time by hiring three veteran private equity dealmakers as partners, the firm announced Tuesday. The move by the trio of transactional lawyers — Jesse Betts, Jessica Hammons and Nathan Meredith — bolsters Willkie’s corporate & financial services vertical and its PE, M&A and capital markets capabilities.
FBFK Adds Two Lawyers to its Austin Office
FBFK Law has hired Roland Wiederaenders and Sarah Florer as shareholders in its Austin office. The veteran corporate and finance lawyers have combined expertise in private capital, fund formation and cross-border transactions that strengthen the firm’s corporate and investment practice.
Litigation Roundup: CEO Indicted in Alleged UT Austin Arena Bid Rigging Conspiracy
In this edition of Litigation Roundup, the U.S. Court of Appeals for the Fifth Circuit finds that a lawsuit challenging admissions practices at the University of Texas at Austin is not moot, a fake immigration lawyer faces prison time, and the Western District of Texas announces a high-profile indictment.
‘Whatever It Takes’: San Antonio Lawyer Joins Frontline Flood Recovery in His Hometown
After the devastating flood struck the Texas Hill Country over the 4th of July, Dykema associate Matt Maupin and his wife, Katie, returned to their hometown of Kerrville to aid in recovery efforts. Despite the physical and emotional toll, Maupin described the experience as the most fulfilling work of his life.
Texas-sized Ambition: Huntington Banks on Middle Market with $1.9B Purchase of Prized Veritex
Huntington Bancshares has accelerated its growth as a regional powerhouse with the $1.9 billion all-stock acquisition of Dallas-based Veritex Holdings. This deal significantly boosts Huntington’s footprint in Texas. Legal advisors include Simpson Thacher for Veritex and Wachtell for Huntington.
CDT Roundup: AI Gets Amped in Somewhat Quiet Week for Deals
Last week, notable transactions included a $9.8 billion AI platform deal, $1.3 billion in two deals by Mach Resources and the sale of The Dallas Morning News to Hearst. The week ending July 12 saw 15 deals valued at just over $13 billion dollars. The week prior, there were nine deals for $15.8 billion and this time last year there were 20 deals for $17.2 billion.
Zavitsanos Twins Set Their Sights on Filmmaking, Law
Twenty-six-year-old identical twins Socratis and Diamantis Zavitsanos often finish each other’s thoughts and sentences, although Diamantis talks a little more than his brother. Socs and DZ, as they’re known to friends, are both getting ready for law school in the fall, most likely at the University of Michigan, and they both speak passable Greek. But what they really want to do is make movies.