With a large amount of unsecured creditors who hail from Dubai and Saudi Arabia, Asia Offshore Drilling says it’s looking to clear between $100 million and $500 million in debt.
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‘I’m here live. I’m not a cat.’
A West Texas lawyer was participating in a court hearing in the 394th Judicial District Court when he suddenly appeared as a kitten.
Jeff Chapman’s Really Big Year
M&A activity may have been down across Texas in 2020, but Gibson Dunn partner Jeff Chapman had the busiest year of his 37-year career. He worked on six billion-dollar-plus transactions and a few smaller deals. But there is much more to Chapman’s story than dealmaking.
CDT Roundup: 18 Deals, 13 Firms, 153 Lawyers, $9.75B
Recent rig count stats suggest a modest rebound in oil and gas. Crude oil prices hovering around $60 per barrel suggest that optimism isn’t just a guess. The question is whether higher commodity prices mean a future for new production, or simply a better return on the O&G already drilled. In the Corporate Deal Tracker Roundup, Caroline Evans looks at the evidence, along with last week’s deals.
Duane Morris Opens in Dallas with Four Partners
Four Barnes & Thornburg litigators have left the firm to launch Duane Morris’ new Dallas office, which the Philadelphia firm says solidifies its presence in the state’s high-technology and energy sectors.
J.C. Penney and Neiman Marcus Paid $100M in Bankruptcy Fees to Lawyers & Bankers
Neiman Marcus filed for bankruptcy on May 7. Eight days later, J.C. Penney petitioned for Chapter 11 bankruptcy protection. Even before they filed, the two DFW retailers had paid legal and financial advisors $30 million to prepare the case. And those fees were only the start. The Texas Lawbook has details.
Appeals Court Denies Toyota’s Request to Seal Docs in Reavis Case – Updated
A Dallas appeals court ruled Thursday that a trial court did not abuse its discretion by declining to seal a set of documents at Toyota’s request after a 2018 trial that rendered a $242 million verdict. The appeal of the verdict is still pending, but in the meantime, Natalie Posgate dissects the issues around the documents.
DBJ: Frisco Video Game Company Getting Acquired in Massive Deal Worth Up to $1.3B
The maker of “Borderlands” has agreed to a transaction that will make it a wholly-owned subsidiary of Sweden’s Embracer Group. Brian Womack of the Dallas Business Journal has the details.
Pandemic Finances – From Fear to Confidence (Part 3)Lawyers Plan to Put New Skills to Work
How would the COVID-19 pandemic have disrupted the legal business before laptops and the internet – an era within the living memory of some lawyers still practicing, when secretary-typed documents, wall-wired telephones and telexes or faxes were the main alternatives to face-to-face engagement. Would lawyers have taken foolish risks with their health – just to make a living? Would communications obstacles shut down legal practices and squeeze revenues enough to cause some firms to fail? The Texas Lawbook takes a look.
NDTX Judge Starr: A Famous Uncle, a Ragtop Beetle and a Career of Public Service
U.S. District Judge Brantley Starr has a penchant for public service, fond memories of growing up in West Texas and is a proud owner of a 1962 VW Ragtop Beetle. Judge Starr recently took time out of his busy schedule to share some insights about his background, his career and his experiences so far on the bench.