Richard Grant featured in Texas Lawyer article on COVID-19’s impact on commercial litigation

Richard Grant, a partner in Culhane Meadows’ Dallas office, was recently interviewed by Texas Lawyer for a newsletter article about supply chain disruptions caused by the COVID-19 outbreak creating a demand for corporate bankruptcy attorneys.

Here are some excerpts from Richard’s interview:

Commercial litigators are going to be fielding a lot of calls.

Like Stephanie Curtis, Richard G. Grant, a partner and bankruptcy chair at Culhane Meadows in Dallas, said he anticipates that the supply chain disruptions caused by the coronavirus outbreak will be huge for corporate bankruptcy attorneys.

“People are not going to be able to meet their debts and they’re going to be looking for solutions,” Grant said.

“And if there are enough zeroes involved, Chapter 11 can help everybody. I think bankruptcy is really about letting everybody face economic reality, and I think we have a new economic reality coming,” Grant added.

But first will come the breach-of-contract battles, Grant said.

Questions You Should Be Asking (If You’re Considering Filing a Breach of Contract Suit):

Per Grant:

    • Have you brought out your contract and read it? If so, have you looked at the big picture of why you are not getting paid as opposed to breach of contract? If they’re an insurance company, that’s one thing if you’re suing them for breach of contract because the reality is they shouldn’t have breached it. In a perfect world, nobody breaches a contract.
    • Have you thought about what the core issue is? For instance, did the other side breach because they wanted to and were intentionally trying to harm you or are they in the same pickle as you are in?
    • Will suing somebody yield any cash flow? Damage is being done to the country and we all have to deal with it.

The complete article can be found here.


The foregoing content is for informational purposes only and should not be relied upon as legal advice. Federal, state, and local laws can change rapidly and, therefore, this content may become obsolete or outdated. Please consult with an attorney of your choice to ensure you obtain the most current and accurate counsel about your particular situation.

*Culhane Meadows is ranked by U.S. News/Best Law Firms in Technology Law, Bankruptcy/Reorganization Law, and Information Technology Law. This website and the communications herein may be considered attorney advertising. Previous results are not a guarantee of future outcome. This website is for informational purposes only and does not constitute legal advice. The information herein is not intended to create an attorney-client or similar relationship. Until you establish such a relationship and receive an engagement letter, you have not hired a Culhane Meadows attorney nor become a client of the firm. Whether you are a new or existing client of the firm, Culhane Meadows must determine that there is no conflict of interest and that it is willing and otherwise able to accept the new engagement before representing you on a new matter. Only if and after Culhane Meadows has informed you it is willing and able to accept your new matter should you send the firm any information or documents that you consider private or confidential. Such information will not be treated as private, confidential or otherwise protected from disclosure until Culhane Meadows has communicated in writing that it is willing and able to accept your new matter and provide you with legal counsel. Whether you need legal services and which lawyer or law firm you select are important decisions that should not be based on this website alone.

Accessibility Toolbar