Bankrupt

Houston’s Bankrupt MMA Law Firm Forms Strategic Pact with Key Creditor to Share Litigation Proceeds

by

Houston-based MMA Law Firm PLLC, currently navigating bankruptcy, has reached an agreement to divide the proceeds from its mass tort litigation with Equal Access Justice Fund LP, a principal creditor. This partnership marks a critical phase for the law firm as it seeks to resolve its financial difficulties. Founded a decade ago, MMA Law Firm initially specialized in personal injury and worker compensation cases, but eventually expanded its focus to include mass tort lawsuits, which involve claims from numerous plaintiffs against corporate defendants. The firm’s foray into this area significantly increased its caseload but also … Read more

Bankrupt Houston Law Firm Partners With Litigation Funders to Salvage Proceeds from Ongoing Lawsuits

by

Houston, Texas — The financially embattled MMA Law Firm PLLC, based in Houston, has entered into a significant agreement with one of its principal creditors, Equal Access Justice Fund LP. Under the new arrangement, the law firm will share the revenue from its collection of mass tort lawsuits. MMA Law Firm, which recently declared bankruptcy, sees this partnership as a strategic move to stabilize its financial standing while still actively pursuing justice in its large-scale legal cases. These cases typically involve claims against corporations for damages that affect large groups of people. Under the terms … Read more

Houston’s Bankrupt MMA Law Firm Seals Deal with Key Creditor to Share Lawsuit Proceeds

by

Houston, Texas – In the wake of financial turmoil, MMA Law Firm PLLC, based in Houston, has forged a pivotal agreement with Equal Access Justice Fund LP, a major creditor involved in their bankruptcy case. The deal involves a sharing arrangement for the revenues derived from its extensive portfolio of mass tort lawsuits. This strategic move is anticipated to provide significant financial relief to the indebted law firm. Established several years ago, MMA Law Firm quickly became known for its aggressive pursuit of mass tort litigations, a specialized area of law where they represented clients … Read more

Bankrupt Attorney’s Multi-Tiered ‘Wedding Cake House’ Finally Finds a Bidder after 15 Months on the Market

by

San Antonio, Texas – After more than a year on the market, a mansion in Alamo Heights, owned by disgraced San Antonio attorney Chris Pettit, has finally attracted a bidder. Edward Galt Steves, the CEO of San Antonio-based door manufacturer Steves & Sons Inc., submitted a bid of $2.3 million for the 6,500-square-foot property known as the “Wedding Cake House.” The house, designed by architect Tom Pressley, features a tiered design that earned it its nickname. Originally listed for nearly $4 million in November 2022, the asking price for the three-bedroom, four-bathroom home has been … Read more