Business bankruptcy filings in Texas plummeted during the first six months of 2019, but experts predict a financial storm is brewing that could force hundreds and hundreds of Texas businesses into insolvency. “We are beginning to see some bad signs,” says Sidley’s Duston McFaul. “Another wave is on the way,” says Jackson Walker’s Elizabeth Freeman. Adds Lou Strubeck: “We are on the cusp of something big happening.” The Texas Lawbook has new data and complete details in Part One of a series.
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Akin Gump, Jackson Walker Advise Sanchez Energy on Bankruptcy Filing
Another oil and gas company has filed for bankruptcy protection, this time Houston-based Sanchez Energy Corp.
White & Case Signs Houston Energy Finance Pro from Bracewell
Houston energy finance partner Mark Holmes has departed Bracewell for White & Case, the New York-based law firm announced this week. The move reunites Holmes, who had practiced at Bracewell
CDT Roundup: 17 Deals, 15 Firms, 68 Lawyers, $17.7B
Oil and gas types gathering at a conference last week in San Antonio didn’t get much cheer from investment bankers, who spoke of grumpy sentiment toward the sector. But there are some bright spots on the dealmaking horizon, as Claire Poole reports, along with her weekly tally of deals.
Texas Lawbook Achieves 13,000 Subscribers
Last month, The Texas Lawbook officially reached and surpassed more than 13,000 paid subscribers, including more than 2,500 corporate in-house counsel. Our partnerships with the Dallas Business Journal and the Houston Chronicle means The Lawbook reach expands to tens-of-thousands of business leaders in Texas and beyond. But we couldn’t do any of it without one person: Sally Selio.
Fifth Circuit Preserves Constitutionality of Native American Adoption Law
A lower court in Fort Worth had found parts of the decades-old Indian Child Welfare Act unconstitutional, which sparked public outcry from 325 tribes, 21 attorneys general, members of Congress and more. Natalie Posgate analyzes.
The 2019 Magna Stella Award Goes To…
The Texas GC Forum chose in-house lawyers at AT&T, Boeing Global Services, ExxonMobil, Platinum Dermatology, Southwestern Energy and the Teacher Retirement System of Texas to receive the Magna Stella Award. The biggest winner is Houston-based Mattress Firm. The Texas Lawbook has the names.
Stream GC Daniel Terrell: ‘Herculean Effort’ Results in Successful Divestiture
For the past seven months, Stream Energy GC Daniel Terrell was laser focused on his company’s $330 million sale to Houston-based utility NRG Energy. In an exclusive interview, Terrell said the deal “was incredibly complex and challenging.” The Texas Lawbook has exclusive details.
It’s Time for Geographic Diversity in SCOTX Appointments
Gov. Abbott will soon make his third appointment in five years to the Texas Supreme Court. Some want him to make diversity a priority. Six of the current eight justices are white, non-Hispanic men. There’s another, more subtle form of diversity that has also, for too long, been overlooked in appointing justices: geographic diversity.
Minimizing PI Damages in a Big-Dollar World
Barbara Barron has been defending clients for 35 years. She knows that you cannot always avoid a substantial verdict, but there are ways you can soften a potentially unjust blow. She shared a few tips at the annual Personal Injury Conference hosted by the State Bar of Texas. Natalie Posgate took notes.