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The final goal of a company doing a Texas two-step is to get the court to approve a bankruptcy plan that includes a third-party release for the parent. Such a release prevents all litigants from recovering for their harms from the parent company. [ 1 ]
The company was founded in November 2005. [1] In December 2009, the company became a public company via an initial public offering, raising $850 million. [3] [4] In 2012, the United States Department of Justice initiated an investigation into allegations that the company engaged in bribery in Angola, in violation of the Foreign Corrupt ...
Known as Par Petroleum Corporation after it emerged from bankruptcy, it was renamed Par Pacific Holdings on October 20, 2015. [4] As of 2017 it was a Fortune 1000 corporation. [5] Par Pacific Holdings, Inc., a company whose headquarters are in Houston, Texas, owns operations in oil and production and midstream operations.
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In addition to the Fortune 500 companies above, many other companies in multiple fields are headquartered or have based their US headquarters in Houston. Al's Formal Wear; Allis-Chalmers Energy; Allpoint; American Bureau of Shipping; American National Insurance Company (Galveston) Aon Hewitt; Archimage; Avelo Airlines; Axiom Space; Baker Botts ...
Founded in 1925, the company filed for Chapter 11 bankruptcy in 2019, and its assets were acquired by several buyers in 2020. Headquartered in Dallas, Texas, Dean Foods maintained plants and distributors across the United States. [1] The company had 66 manufacturing facilities in 32 U.S. states and distributed its products across all 50 states.
The company filed for bankruptcy in the spring of 2022. [2] In July 2022, the company announced that it would sell of parts of its assets and ceased operations during the bankruptcy procedure. [ 3 ] The company completed its bankruptcy reorganization and exited Chapter 11 bankruptcy by September 2022.
ATP was headquartered in Houston, Texas. It had additional offices in Guildford, Surrey, United Kingdom and IJmuiden, Netherlands. [8] T. Paul Bulmahn was the founder and owns approximately 24% of shares. Effective May 21, 2008, Leland E. Tate, previously the Chief Operating Officer, was promoted to the position of President of the company.