What Happened to the Commercial Real Estate Bankruptcy Boom? Texas Corporate Bankruptcy Law Experts Discuss the Restructuring Landscape

The Texas Lawbook interviewed seven of the top business bankruptcy lawyers in Texas about trends and developments in their practices during 2025. The experts include Sidley Austin partner Duston McFaul, Godwin Bowman partner Sid Scheinberg, O’Melveny & Myers partner Lou Strubeck, Haynes Boone partner Charles Beckham, Ross & Smith partner Frances Smith, Bradley Arant partner Jarrod Martin and Bracewell partner Trey Wood.

July 24, 2025 Mark Curriden

Sorrento Therapeutics Officers, Directors Targeted in Trustee’s Adversary Proceeding

The liquidating trustee overseeing the Sorrento Therapeutics Chapter 11 bankruptcy filed an adversary proceeding this week against the company’s directors and officers, alleging their breaches of fiduciary duty caused the company’s creditors to suffer at least $100 million in damages.  

July 18, 2025 Michelle Casady

U.S. Trustee Opposes Jackson Walker’s Jury Demand in Bankruptcy Fee Case

The U.S. Trustee’s Office has told Chief U.S. District Judge Alia Moses that Jackson Walker “has no substantive right to a jury trial” in the case where it is trying to claw back millions in fees awarded to the law firm in 33 cases where former bankruptcy judge David Jones served as a mediator or judge. 

July 17, 2025 Michelle Casady

Mediation Fails in Jackson Walker, U.S. Trustee Bankruptcy Fee Dispute

The multimillion-dollar dispute between Jackson Walker and the U.S. Trustee over legal fees paid to the law firm involved in the Houston bankruptcy court romance scandal looks like it is heading to trial. Lawyers for Jackson Walker informed federal court officials Tuesday that efforts to resolve the litigation through mediation had failed.

July 15, 2025 Mark Curriden

LifeScan Hires Milbank, Porter Hedges to Lead Bankruptcy

A Pennsylvania-based glucose and diabetes monitoring device manufacturer listing liabilities of $1.7 billion filed for Chapter 11 bankruptcy protection Tuesday in the Southern District of Texas. 

July 15, 2025 Mark Curriden

Casino Operators File for Bankruptcy in SDTX

Maverick Gaming, a Washington state-based gambling operation, and 68 of its affiliated businesses filed for Chapter 11 bankruptcy protection, citing $100 million to $500 million in liabilities. 

July 15, 2025 Mark Curriden

Genesis Healthcare Files Chapter 11 in NDTX

Pennsylvania-based Genesis Healthcare Inc. and 298 of its affiliates and subsidiaries filed for Chapter 11 bankruptcy organization on Wednesday in the Northern District of Texas. Genesis has hired McDermott Will & Emery as its lead legal advisor.

July 11, 2025 Mark Curriden

California Private Company Investment Platform Files Bankruptcy in Texas

Facing investigations by the U.S. Securities and Exchange Commission and the Financial Industry Regulatory Authority, San Jose-based Linqto, Inc. and three of its affiliated companies, including Linqto Texas, filed for Chapter 11 bankruptcy protection Monday in the Southern District of Texas, citing "potentially insurmountable operating challenges." Linqto has hired a trio of law firms as its legal advisors, including Schwartz Law, Sullivan & Cromwell and Greenberg Traurig.

July 8, 2025 Mark Curriden

Merit Street Media Hires Sidley to Lead Bankruptcy

Only two years after launching its operations, Dr. Phil McGraw-backed Merit Street Media filed for Chapter 11 bankruptcy protection in the Northern District of Texas. The Chapter 11 filing includes an adversarial complaint against Trinity Broadcasting. (File photo by Andy Kropa/Invision/AP)

July 3, 2025 Mark Curriden

Latham, Hunton AK Advise Chipmaker Wolfspeed in Chapter 11

In one of the largest corporate bankruptcies filed in 2025, North Carolina-based chipmaker Wolfspeed Inc. filed for Chapter 11 protection in the Southern District of Texas.

July 1, 2025 Mark Curriden