Over the past decade, debtors have increasingly used the protections of Chapter 11 to sell substantially all of their assets in sales under section 363 of the Bankruptcy Code. As a result, post-sale debtors frequently have next to nothing left to reorganize […]
As far as employee compensation agreements are concerned, Texas employers are riding a wave of pro-business precedent to recoup bonus pay from employees. The Supreme Court of Texas’ recent opinion in ExxonMobil Corporation v. Drennen continues the […]
Kane Russell Coleman & Logan PC congratulates George H. Barber, Kenneth W. Biermacher, Lawrence T. Bowman, Joseph M. Coleman, Joseph A. Friedman, Kenneth C. Johnston, Raymond J. Kane, Robert N. LeMay, Michael A. Logan, Zach T. Mayer, Wade L. McClure […]
The Texas Agricultural Code requires milk processors to hold funds in trust for the benefit of milk producers, including dairies and cooperatives. A trust fund is a powerful tool that will allow a milk producer to be paid ahead of other creditors […]
Jason Binford and John Kane have co-authored an article published in the September issue of the Texas Dairy & Ag Review. The article discusses the powerful protection that a trust fund claim provides to Texas milk producers. Click on […]
Debtor-in-possession financing ("DIP financing") is a critical issue that comes up at the beginning of most large to mid-sized bankruptcy cases. Companies filing bankruptcy are typically doomed to a rapid liquidation if they are unable to obtain new […]
Debtor-in-possession financing ("DIP financing") is a critical issue that comes up at the beginning of most large to mid-sized bankruptcy cases. Companies filing bankruptcy are typically doomed to a rapid liquidation if they are unable to obtain new […]
Learning how to defend a preferential transfer action is a particularly useful art for the credit professional. In Part One, we discussed the Bankruptcy Code's specific requirements that must be established by the debtor or trustee in order for a transfer […]
The advancement of technology, the preservation of electronic evidence, and concerns over imposing sanctions when discoverable electronic evidence is lost as a result of routine business, spurred the Texas Supreme Court to bring much-needed clarity to […]
U.S. News Media Group and Best Lawyers ® names four directors from Kane Russell Coleman & Logan PC in the 2015 "Best Lawyers in America", a referral guide providing a comprehensive view of the U.S. legal profession. Joe Coleman, Joe Friedman, […]
In Texas, the economic loss rule has been applied by courts to prevent a plaintiff from recovering purely economic losses in a negligence or strict liability action. In products liability cases, when a loss results from the failure of a product and […]
On March 11, 2011, Randy Williams, Chapter 11 Trustee ("Trustee") for Green Valley Growers, Inc. ("GVG"), filed suit against Compass Bank seeking the disgorgement of approximately $4.5 million paid to a bank later acquired by Compass Bank in connection […]