Life Partners decided to pursue the Chapter 11 restructuring as a means of protection as it appeals the $46.9 million judgment against U.S. Securities and Exchange Commission.
More Stories
Fogler Leaves Beck Redden to Start New Boutique
Houston commercial trial lawyer Murray Fogler is joined at the new firm by four former Beck Redden associates – two of them are only three years out of law school – who are now named partners at the new boutique, which is called Fogler, Brar, Ford, O’Neil & Gray.
Strasburger & HayBoo Win Appellate Reversal in $10.7 Million Doctor v. Doctor Business Dispute
The Dallas Court of Appeals tossed a $10.7 million jury verdict in a high-profile civil case in which a North Dallas neurologist accused a fellow physician and a business associate of breaching their fiduciary duties in their joint ownership and operation of two medical imaging centers in Plano. The Dallas appeals court ruled that the trial judge made critics errors during the trial that unfairly and negatively impacted the jury’s decision against them.
Strasburger & HayBoo Win Appellate Reversal in $10.7 Million Doctor v. Doctor Business Dispute
The Dallas Court of Appeals tossed a $10.7 million jury verdict in a high-profile civil case in which a North Dallas neurologist accused a fellow physician and a business associate of breaching their fiduciary duties in their joint ownership and operation of two medical imaging centers in Plano. The Dallas appeals court ruled that the trial judge made critics errors during the trial that unfairly and negatively impacted the jury’s decision against them.
10 Quick Tips to Keeping In-House Counsel Happy
McGill was in the corporate legal department at JC Penney and HMS Holdings, where she hired and managed outside counsel. In this article, she shares insights and experiences about the important relationship between in-house and outside counsel.
Fifth Circuit: Lawyer Avoids Contempt in E-Discovery Dispute
It’s a litigator’s nightmare; Jumping into a fast-paced TRO case about trade secrets, with expedited discovery requests and orders everywhere – with a new client who doesn’t tell the whole story about what he took from his former employer. In a Fifth Circuit case called Waste Management v. Kattler, a lawyer was caught in the crossfire of a situation like this.
T&K Closes $5.3 Billion Private Equity Fund for NGP
Irving-based NGP Energy Capital Management has hit its hard cap with the final closing of its private equity fund, with $5.3 billion in total commitments.
T&K Closes $5.3 Billion Private Equity Fund for NGP
Irving-based NGP Energy Capital Management has hit its hard cap with the final closing of its private equity fund, with $5.3 billion in total commitments.
Large Business Bankruptcies Flee Texas
Dallas Bankruptcy Judge Harold Abramson described himself as a “monkey with a machine gun.” The quote reaffirmed the judge’s unpredictability and caused bankruptcy lawyers representing large companies to file their cases in New York or Delaware. Nearly 20 years later, Abramson is long gone and Texas judges are widely praised for their expertise, but Texas companies continue to snub bankruptcy courts in DFW, Houston and Austin. Why? The Texas Lawbook examines the issue.
‘Shadow Banking’ Leads to Plunge in Texas Business Bankruptcy Filings
Business bankruptcy restructuring in Texas declined 20 percent in 2014 and plummeted more than 56 percent during the past five years. Experts point to a booming economy, low interest rates, an unprecedented access to cash through the emergence of a shadow banking system and the ballooning cost of litigating a case in bankruptcy court. But the streak may end in 2015 thanks to falling oil prices.
“There is going to be a horrible re-awakening in March when E&P companies are required to reset their borrowing basis based on reserves,” says William Snyder of Deloitte. “We will see massive hemorrhaging in the smaller oil and gas companies. By May and June, we are going to see a lot of pain out there.”