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Experience
|May 7, 2024
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Client Alert
|July 1, 2024
|4 Min Read
Business Courts in Texas – Progress and Prognostication
Texas has just expanded its court system. Last summer, Governor Greg Abbott signed into law House Bill 19, which created a new, specialized court to address commercial disputes. The business court is set to open on September 1, 2024. Initially, the court will consist of five divisions in Austin, Dallas, Fort Worth, Houston, and San Antonio, with six more divisions deferred until the 2025 legislative session.
Client Alert
|July 1, 2024
|8 Min Read
The Supreme Court announced a major restriction on a common practice for Chapter 11 bankruptcy reorganization plans, sending a multi-billion-dollar settlement involving the Purdue Pharma opioid litigation back to the drawing board. In Harrington v. Purdue Pharma L.P., the high court held that the bankruptcy court could not enter a release benefitting the Sackler family, who were accused of funneling $11 billion from the now-bankrupt Purdue Pharma but had not themselves filed bankruptcy petitions. The plan would have released the Sacklers in exchange for contributing up to $6 billion to pay opioid-related claims against them and Purdue Pharma in connection with OxyContin addiction.
Client Alert
|June 28, 2024
|5 Min Read
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