Firm founder Camisha L. Simmons has been named by The National Black Lawyers as one of its “Top 40 Under 40.” The honor is bestowed upon outstanding Black attorneys under the age of 40 who exemplify superior leadership, reputation, influence, stature and profile as a black lawyer. Only 40 black lawyers from each state or region are selected for membership each...
Continue ReadingShareholder activism is on the rise. And, shareholder litigation against public company boards and management often increases when a public company is underperforming in relation to its industry competitors and/or is experiencing financial distress. Bankruptcy and insolvency practitioners should, therefore, take note of recent shareholder litigation against company boards and lenders challenging “proxy put” provisions in debt agreements (“Loan Agreements”). If...
Continue ReadingThe article discusses a recent decision in the bankruptcy case In re Trump Entertainment Resorts, Inc., the United States Bankruptcy Court for the District of Delaware ruled that the automatic stay in bankruptcy was inapplicable to, and, accordingly, did not bar a labor union from contacting the bankrupt casino hotel’s customers and potential customers and discouraging them from doing business with...
Continue ReadingThe oil and gas industry is in a state of uncertainty. The price of crude oil, which is depressed and fluctuating, has fallen significantly in the past year. Some exploration and production (E&P) and services companies in the industry have filed for bankruptcy protection while others are experiencing operational distress and may soon follow suit. One consequence of the decline in...
Continue ReadingThe oil and gas industry is experiencing uncertainty due to the depressed and fluctuating price of crude oil. Many companies in the industry may soon be forced into bankruptcy. Bankruptcy cases involving oil and gas assets present a number of complex issues. One such issue often litigated is the proper characterization of the nature of oil and gas lease...
Continue ReadingThe article discusses a recent decision of the United States Bankruptcy Court for the Northern District of Iowa serves as a reminder that banks should proceed with caution when relaxing bank procedures to appease large account holders. In the bankruptcy case Sarachek v. Luana Savings Bank (In re Agriprocessors, Inc.), the court ordered a bank to disgorge over $1.5 million for...
Continue ReadingFor the second year in a row, Camisha Simmons, founder and Managing Member of Simmons Legal PLLC, was named to the annual “Texas Rising Stars” list published by Super Lawyers magazine, a Thomson Reuters rating service. No more than 2.5 percent of eligible lawyers in the state of Texas are named to the “Texas Rising Stars” list.
Continue ReadingOn April 9, 2015, the firm welcomed Katherine Britton as Of Counsel. Ms. Britton has experience in both litigation and transactional matters. She is licensed to practice law in Texas, Illinois and the District of Columbia.
Continue ReadingThe article discusses a recent decision in the case Mbazira v. Ocwen Loan Servicing, LLC (In re Mbazira). In that case, the United States Bankruptcy Court for the District of Massachusetts determined that a bank, which was an assignee of a mortgage, lost its mortgage in bankruptcy due to a faulty acknowledgment appended to the mortgage document. The decision sends the...
Continue ReadingOn March 7, 2015, the law firm Simmons Legal PLLC was launched. Simmons Legal PLLC is a woman-owned, minority-owned and veteran-owned transactional and civil dispute resolution and litigation law firm with a principal office in Dallas, Texas and a by-appointment office in New York, New York. The firm was founded on three principles: diversity, exceptional client service and entrepreneurialism.
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