The SEC announced Wednesday that America Modern Green Senior, America Modern Green Community and America Modern Green Residential have agreed to settle charges that they improperly used $49.5 million they raised from 90 Chinese investors for a project under the EB-5 Immigrant Investor Program.
Chron: Parker Drilling Filing for Bankruptcy
Houston-based Parker Drilling said Wednesday it’s filing for bankruptcy and losing its listing on the New York Stock Exchange. The financially hobbled onshore drilling contractor has struggled mightily since the
Akin Gump Increases Pro Bono Commitment for Border Cases
Corporate bankruptcy lawyer Eric Seitz is in El Paso representing a Honduran father who fled murderous gangs with his teenaged sister who threatened to kill them and is seeking asylum. The need for lawyers at the border is still there and The Texas Lawbook has details.
Bell Nunnally Adds Bankruptcy & Restructuring Partner
Russell Mills lateraled over from Hiersche, Hayward, Drakeley & Urbach.
Op-Ed: Bankruptcy Venue – A Time for Change
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.
Weil Bankruptcy Lawyer Dies of Cancer
Esteemed bankruptcy lawyer Stephen Youngman, who worked on the historic American Airlines Chapter 11 restructuring, died Monday “after a courageous battle with cancer,” firm officials said.
EFH Bankruptcy Legal & Financial Advisor Fees to Near $1 Billion
The bankruptcy case of Energy Future Holdings is essentially over, but the millions of dollars in fees being paid to lawyers and financial advisers are likely to continue for a few more months. New research by The Texas Lawbook shows that law firms, banks and consultants working on the EFH restructuring have received so far more than $600 million, making it one of the most complex and expensive corporate bankruptcies in U.S. history. The final price tag could approach 10-digits.