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December 15, 2017 | The American Lawyer

Cobalt Bankruptcy Leaves Big Law in the Lurch

Houston-based oil exploration and production company Cobalt International Energy Inc. owes more than $3.5 million in legal fees to a half-dozen law firms, according to bankruptcy court filings.
3 minute read
June 13, 2017 | New York Law Journal

Fee Defense Litigation: Clarifying the Reach of 'Asarco'

Seth H. Lieberman, Patrick Sibley and Matthew W. Silverman of Pryor Cashman write: While the bankruptcy bar's reaction to 'Asarco' was short of enthusiastic, most have since embraced the subsequent jurisprudence narrowly construing 'Asarco' and limiting its holding to the compensation of bankruptcy estate professionals.
8 minute read
June 07, 2017 | The American Lawyer

Struggling Retail Chains Shop for Lawyers

Compliance, class action defense and bankruptcy counsel are all in demand by an industry undergoing rapid change.
28 minute read
May 21, 2017 |

DLA Piper Grabs Bankruptcy Roles for IP, Industrial Clients

The global legal giant is advising St. Louis-based manufacturer Katy Industries Inc. on its Chapter 11 filing this week, as well as the California-based subsidiary of a German search optimization company in its bankruptcy case, one that has DLA Piper owed more than $1 million in fees.
58 minute read
May 21, 2017 | The American Lawyer

DLA Piper Grabs Bankruptcy Roles for IP, Industrial Clients

The global legal giant is advising St. Louis-based manufacturer Katy Industries Inc. on its Chapter 11 filing this week, as well as the California-based subsidiary of a German search optimization company in its bankruptcy case, one that has DLA Piper owed more than $1 million in fees.
3 minute read
June 08, 2016 |

Baker Botts Bags Role on Another Big Energy Bankruptcy

Less than a week after Baker Botts saw a former energy industry restructuring client retain a rival for its second bankruptcy filing in six months, the firm picked up a lead Chapter 11 role for Seventy Seven Energy Inc. on its bankruptcy case.
3 minute read
June 06, 2016 |

Akin Gump Bests Baker Botts for Hercules 'Chapter 22' Role

Roughly seven months after Baker Botts helped client Hercules Offshore Inc. emerge from Chapter 11, Akin Gump Strauss Hauer & Feld is advising the Houston-based offshore oilfield services company on its "Chapter 22" bankruptcy filing.
36 minute read
May 12, 2016 |

Kirkland's Quest for All the Energy Bankruptcies Continues

The Chapter 11 filings of Linn Energy LLC and Penn Virginia Corp. brought two more big energy-related bankruptcies into a stable of cases collected by Kirkland & Ellis. The Linn case alone is the third-largest bankruptcy filed so far this year.
21 minute read
April 28, 2016 |

Big Firms Fuel Up on Energy Sector Bankruptcies

The administrative office of the U.S. Courts said Thursday that bankruptcy filings fell 8.5 percent over the past year. But one sector where Chapter 11 work hasn't dried up is the energy industry, where Kirkland & Ellis and Jones Day are siphoning off new assignments.
5 minute read
March 22, 2016 |

Judge Rejects Baker Botts Fee Proposal in New Gulf Bankruptcy

The firm had hoped to balance its litigation risks with the U.S. Supreme Court's holdings last year in Baker Botts v. Asarco.
5 minute read

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