The time has come to eliminate venue shopping in corporate bankruptcies and restructuring. Based on my first-hand experience leading American Airlines’ corporate restructuring in a distant locale, it is my view that Congress should amend the bankruptcy laws and eliminate venue shopping. U.S. corporations should be required to file bankruptcy cases in their hometown jurisdiction. This exclusive Texas Lawbook article explains why.
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Judge Allows Mineral Interest Fight Against Chesapeake, Total E&P to Proceed
A state court in Fort Worth has denied requests by Chesapeake Exploration and Total E&P USA to dismiss claims in multidistrict litigation brought by North Texas mineral interest owners over “sham” transactions tied to royalty payments. The ruling continues a widespread rebellion by mineral rights owners who claim the Oklahoma City energy giant cheated them on royalty payments. Details in The Texas Lawbook
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