Haynes and Boone, LLP has bolstered its bankruptcy and business reorganization practice by adding ten lawyers to the group over the last 20 months. “Our group is busy now, and we’re expecting a very active 2009,” said Steve Pezanosky, who heads the firm’s Bankruptcy and Business Reorganization Section. >>
Haynes and Boone represents T. Boone Pickens - Reprinted with Permission from Portfolio Media, Inc.,
Law360, New York (October 8, 2008) - Texas billionaire T. Boone Pickens has sued a unit of bankrupt investment bank Lehman Brothers Holdings Inc. for $59.9 million in damages stemming from derivatives deals that were aborted after the bank filed for bankruptcy on Sept. 15.
>>
In a time when credit market turmoil could result in unprecedented losses, Haynes and Boone, LLP lawyers are addressing the needs of financial institutions, brokerage firms, title companies, corporate directors and officers, and public accounting firms through the firm’s recently formalized Financial Crisis Advisory and Litigation Services Practice Group. >>
If the current economic downturn continues, the number of borrowers that default under debt agreements will increase significantly. A previously prized borrower that once could dictate terms to its lender likely will find itself with fewer options when facing a default and will be forced to work with its existing lender to obtain either a waiver or a forbearance agreement. This article, featured in
Texas Lawyer, outlines steps to be considered when advising a client facing a default.
For the complete article click here. >>