March 11, 2025
Bankrupt natural gas contractor Zachry Holdings has objected to a Nebraska public electric utility's administrative claim seeking $38 million in damages for delays in the construction of new generating stations, saying it is too early to seek the claim, and the requested fees exceed the purported damages.
January 09, 2025
Zachry Holdings Inc., the insolvent former general contractor for a major liquefied natural gas project, will pay $7 million to settle a WARN Act lawsuit that was launched after the company laid off more than 4,000 workers, with a Texas federal judge agreeing Thursday that the deal provided fair treatment for plaintiffs.
October 30, 2024
A Texas bankruptcy judge has told a former contractor at a liquid natural gas facility project it is not entitled to insurance recoveries or fund distributions from the joint venture it entered Chapter 11 to exit.
August 21, 2024
Zachry Holdings Inc., the former contractor for a Texas natural gas plant, asked a bankruptcy judge in the state to decide it is due a bit under $2 million from an account shared with its onetime partners and over 70% of insurance recoveries until it is compensated for repair work it carried out.
August 12, 2024
A Texas bankruptcy judge on Monday gave final approval to a settlement in which Zachry Industrial will exit a project to build a liquefied natural gas facility co-owned by ExxonMobil and QatarEnergy, congratulating the parties on having found a consensual resolution to a complex matter.
July 29, 2024
The Third Circuit threw out Johnson & Johnson's second attempt to use bankruptcy to deal with mass talc litigation, Red Lobster won court approval to solicit votes on its Chapter 11 plan, and a Senate committee voted to approve an investigation into bankrupt Steward Health Care and subpoena its chief executive officer. This is the week in bankruptcy.
July 24, 2024
A Texas bankruptcy judge on Wednesday approved a settlement in which Zachry Industrial, the general contractor hired to build a liquefied natural gas facility co-owned by ExxonMobil and QatarEnergy, will exit the project, resolving its dispute with the owners and other contractors.
May 28, 2024
A report found that FTX counsel Sullivan & Cromwell was not involved in the pre-bankruptcy fraud at the cryptocurrency exchange, Alex Jones and his InfoWars podcast business are facing a June 15 deadline for progress in their Chapter 11 cases, and a former bankruptcy judge was accused of trying to force a false narrative tied to his romantic relationship with an attorney.
May 22, 2024
A Texas bankruptcy judge on Wednesday told the general contractor for a liquefied natural gas project co-owned by Exxon Mobil Corp. and QatarEnergy that its Chapter 11 case could go before another judge it had requested for mediation at the start of June, if that satisfied all involved.
May 21, 2024
The general contractor for a liquefied natural gas project co-owned by Exxon Mobil Corp. and QatarEnergy filed for Chapter 11 protection in Texas bankruptcy court Tuesday with more than $1 billion of debt, saying it intends to use the court process to back out of the Texas venture.