Here's what we are reading this morning:
Paul Hastings Further Strengthens Market-Leading Restructuring Platform with Partner in Dallas | Paul Hastings LLP: Paul Hastings has added restructuring lawyer Charles Persons as a partner in Dallas. The firm has more than tripled its Texas headcount in the last year and expects to have more than 100 lawyers by Q1 2025.
Bankman-Fried accomplice Caroline Ellison sentenced in FTX fraud: Ellison, who ran the Alameda Research hedge fund affiliated with FTX, agreed to a plea deal in December 2022, a month after the cryptocurrency exchange spiraled into bankruptcy
Vertex Energy files for bankruptcy protection, exploring a sale - Houston Business Journal: The bankruptcy filing comes a few months after Vertex announced plans to transition its renewable diesel facility back to conventional fuel production
Vertex Energy and Its Lenders Initiate Formal Pathway Aimed at Achieving Sustainable Capital Structure | Business Wire: Enters into Restructuring Support Agreement with Lenders to Commence Expedited Voluntary Chapter 11 Proceeding