Fieldwood Energy Files for Bankruptcy, Again
Houston-based Fieldwood Energy filed for bankruptcy for the second time in two years in SDTX. Fieldwood GC Thomas Lamme turned to Weil Gotshal, Thompson & Knight and Jones Walker as its legal advisors.
NY Judge Dismisses $130M Lawsuit Against Trinity Industries Spinoff
A New York federal judge has dismissed a $130 million brought by an electrical components maker against Dallas-based Arcosa and its Meyer Utility Structures subsidiary in a complex breach of contract dispute. Arcosa CLO Bryan Stevenson and lawyers from the Dallas office of Gibson Dunn scored the big courtroom victory.
Feds: Houston Entrepreneur Used PPP Money for Strippers, Lamborghini, Rolex
A Houston businessman fraudulently obtained $1.6 million from the Paycheck Protection Program on several luxury items, including a 2020 Ford F-350, and a few expensive nights at Houston area strip clubs, according to federal prosecutors in Houston.
CDT Roundup: 7 Deals, 8 Firms, 76 Lawyers, $5.3B
How hard has the coronavirus been on transactional activity from week to week? We decided to check the figures from March through July against the same time period during the two previous years. Here's what we found.
Answers to Key Workplace Safety Questions in the Age of COVID-19
Months after the COVID-19 pandemic brought business to a screeching halt, companies across the country are eager to reopen and to get back to work. But these employers are facing a completely new set of unknowns when it comes to keeping their employees safe. Kasi Chadwick of Hicks Thomas has the latest guidance.
Updated: Another Retailer & National Dental Practice Land in Houston Bankruptcy Court
Less than a day after the company that owns Men's Wearhouse filed for bankruptcy in the Southern District of Texas, a dental services firm also appeared on the docket in hopes of scraping some tartar off its balance sheet. What do they have in common? A Texas law firm and a bankruptcy judge in Houston federal court.
Texas Bar to Fifth Circuit: Mandatory Membership and Dues are Constitutional
U.S. Supreme Court precedent allows the state bar to collect mandatory dues to support programs that improve the quality if legal services. That is the Texas Bar's argument at the federal Fifth Circuit which is hearing an appeal by lawyers seeking to end the very existence of mandatory bar associations.
Two Oil Corp. Bankruptcies, Two GCs, Four Law Firms, One Judge
The chief lawyers at Noble Corp. and Denbury Resources chose the Southern District of Texas for their multibillion-dollar restructurings Friday. They chose Kirkland, Porter Hedges, Skadden and Jackson Walker as advisors. In an exclusive Texas Lawbook interview, Denbury GC Jim Matthews explains why he made the hires and why the Plano E&P company filed in Houston.
Akin Gump Helps 7-Eleven Take Speedway for $21B
So much for low-cost M&A pickups at the bankruptcy court. Japanese-owned 7-Eleven bought 3,900 Speedway locations from Marathon Petroleum on Sunday for $21 billion. The Lawbook has the lawyers who made the deal happen.
Kirkland, Jackson Walker Advise on California Pizza Kitchen Bankruptcy
CPK's $400 million debt is going to be sliced up in the Southern District of Texas.