Latham & Watkins is the latest Am Law 100 firm to find a silver lining in the energy industry’s ongoing turmoil, snagging a role as lead debtor’s counsel for Oklahoma City’s Chaparral Energy LLC in the 10th-largest bankruptcy so far this year.
Chaparral filed for Chapter 11 protection in Delaware federal bankruptcy court on Monday, adding to a growing list of energy companies to succumb to slumping oil and gas prices. The petition listed debts between $1 billion and $10 billion.
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