August 24, 2015

The Daily Bankruptcy News

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Law:

Dewey General Counsel Says She Wasn't Aware of Accounting Adjustments Neither Side Likely to Call Ex-Dewey COO as Witness
(DBN)

Wachtell Puts Lawyers on Tight Leash
(DBN)

U.S. Firms Keeping Debt Levels Low, Citi Says
(DBN)

A ‘Big Law’ Revolution? Not Likely
(DBN)

Big Law Lessons in Amazon's Workplace Jungle
(DBN)

Best Summer Associate Event Contest (2015): The Finalists
(DBN)

Law School Graduate Debt Soars
(DBN)

No Law Firm Is An Island: Work With The Right Non-Lawyer Businesses
(DBN)

Woman gets 24 years in hotel slaying of BigLaw attorney Slain DLA Lawyer's Colleagues, Friends and Family Reflect on Loss
(DBN)

Attorney Requests Hearing Delay to Avoid ‘Being Killed’ by Wife in Labor
(DBN)

Law Firm Mergers — How to Make Them Work, Part 4: Integration
(DBN)

4 Thoughts About Closing The Diversity Gap In The Legal Profession
(DBN)

You Really Don't Want To Submit Bills Like These
(DBN)

Your Job, Your Career, or You: When to Quit
(DBN)

Chicago Law Firms Catch Ride on Deal Surge Detroit Shakes Off Bankruptcy, to Firms' Delight Business Flowing in the Land of a Thousand Lakes St. Louis Lawyers Welcome High-End Legal Work Kansas City Legal Market Poised for Prosperity Indianapolis Moves Beyond Manufacturing Milwaukee Firms Bolstered By Startups and Real Estate
(DBN)

From Whitewater to Email: The Clintons' Dogged Lawyer
(DBN)

Disrupted: Exploring the Five Forces Changing the Legal Landscape
(DBN)

McKenna founder Declines to Join Dentons
(DBN)

Federal judge nixes city’s copyright suit over government meeting footage
(DBN)

Law Firms Can Now Share Cyber Threats. But Will They?
(DBN)

How to function on only 4 hours of sleep
(DBN)

Opting Out Of New Editions Of Casebooks And Saving Students 97 Cents On The Dollar
(DBN)

Philly cop threatens to impound man’s car unless he buys tickets to police fundraiser
(DBN)

In Brooklyn, NYPD Cop Moonlights as a Boxer
(DBN)

Police Shot St. Louis Teen in the Back
(DBN)

The shapeshifting story of a cop who shot himself in the leg and claimed the man he pulled over did it
(DBN)

Mistrial Declared in Trial of White Police Officer for Ferrell Shooting
(DBN)

Ashley Madison faces $578M Canadian class-action lawsuit Is Ashley Madison hack sparking jewelry boom? Ashley Madison Hackers Say They Have More Data, Executive Emails Ashley Madison Worker Made Phoney Profiles Is Josh Duggar the Biggest Family-Values Hypocrite Ever? Not Even Close Divorce Lawyers Will Make It Rain Thanks To Ashley Madison Hack Courting Ashley Madison Cases? Some Plaintiffs Lawyers Demur Divorce lawyers see Ashley Madison fallout as Christmas in September
(DBN)

Ex-NFL Cheerleader, Sentenced to 48 Weekends in Jail for R---
(DBN)

A Deflategate Email Exchange (Part 2)
(DBN)

Massachusetts SWAT Team Hits Wrong Home
(DBN)

College President Faces Possible Criminal Charges After Violent Encounter With Mysterious Woman Named Luscious
(DBN)

Lawyer Accused of Hypnotizing Clients for S-- Quits Practice
(DBN)

Lawyer Accused Of Stabbing Her Own Mother To Death
(DBN)

Are Topless Panhandlers Covered by the First Amendment? Attorney Wades Into Brawl
(DBN)

Court: Leaving Baby in Car for 10 Minutes May Not Be Abuse
(DBN)

Say What?!
(DBN)

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Judges:

Philly BK Court Cancels All Hearings For Two Days Due To Pope's Visit
(DBN)

Retired judge faces felony charges over alleged lies to judicial watchdog
(DBN)

Girlfriend charged with shooting retired judge
(DBN)

Judge fines himself for ringing cellphone
(DBN)

Exhibit DD: Broward Judge Gets Eyeful from P--- Star in Court
(DBN)

As immigration judges' working conditions worsen, more may choose retirement
(DBN)

Texas Judge Resigns After Disclosure That She Texted Prosecutors To Help Them In Criminal Case
(DBN)

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Wall Street:

Stock futures drop sharply as China stocks tumble 8% Dow futures tumble as Wall Street preps for meltdown Five charts that prove this selloff is serious
(DBN)

Stocks plunge on global-growth fears; Dow enters correction S&P 500 sheds $1.1 trillion in market cap over week Stocks plunge, post biggest weekly loss in nearly 4 years Investors haven't been this terrified since 2009 10 charts show a week of market panic Is this the correction that investors have been looking for? 6 horrific stats about the market bloodbath
(DBN)

Stocks' nasty drop has market watchers chattering over weekend Money managers split over how to respond to stock-market plunge
(DBN)

The Last Great Bubble may finally be starting to pop
(DBN)

Mon.: How the market carnage is deepening, in four charts
(DBN)

How the Market Rout Is Turning Wall Street Upside Down
(DBN)

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Layoffs:

A&P notifies 3,781 N.J. workers of layoffs effective Thanksgiving Day
(DBN)

Chevron starts layoffs at Louisiana office
(DBN)

National and State by State Unemployment Rates
(DBN)

Animated Map of Unemployment
(DBN)

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Food/Beverage:

Jared Fogle is the least of Subway's worries
(DBN)

A jury just ordered a defunct grocery store to pay Michael Jordan $8.9 million for using his name without permission
(DBN)

Large Carl's Jr., Hardee's franchisee files Chapter 11
(DBN)

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Celebs:

Mark Cuban has an amazing quote about the value of failure
(DBN)

Colo. entrepreneur on why he filed for bankruptcy
(DBN)

Bon Jovi Won't Runaway From Vancouver Music Fans
(DBN)

How You Can Avoid Bankruptcy and Pave A Road to Success
(DBN)

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Retailing:

Inside the 'conspiracy' that forced Dov Charney out of American Apparel Once-sexy American Apparel looks impotent in face of impending doom
(DBN)

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Currency:

Bitcoin CEO's arrest leaves trail of unanswered questions
(DBN)

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Gambling:

Caesars pushes bankruptcy plan ahead with top lender support
(DBN)

____________

Mining:

Quarry Operator In Westerly Shuts Down, Files For Bankruptcy
(DBN)

Thank China for Rare Earth Minerals Not Being So Rare Anymore
(DBN)

____________

Coal:

Arch Coal: Can the Rally Continue?
(DBN)

For struggling coal miners, are trees the answer?
(DBN)

No Coal Companies Went Bankrupt Last Week
(DBN)

Soros Stake Silliness: Arch Coal And Peabody Energy Likely To Go Bankrupt
(DBN)

Pennsylvania's Still Burning Ghost Town
(DBN)

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Electricity:

Hunt's deal to buy Oncor faces scrutiny from Texas PUC and Justice
(DBN)

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Economy:

Consumer Credit Default Rates Stabilize in July
(DBN)

Great fall of China sinks world stocks, dollar tumbles
(DBN)

Fed officials who want higher rates are still pushing Federal Reserve Interest Rate Hike Getting More Unlikely The Fed is bluffing — It won't raise rates The Fed Flirts With the Right Move at the Wrong Time In just one week, everything changed for the Fed
(DBN)

Fed Credibility Test Looms as Market Doubts September Rate Rise
(DBN)

Fed Likely to Hold Off on September Rate Increase: Business Economists Survey
(DBN)

What JPMorgan, Goldman Sachs Charts Say About Financial Health of the U.S.
(DBN)

U.S. factories still haven’t recovered from the recession
(DBN)

This striking diagram will change how you look at the world economy
(DBN)

US govt. workers spent extra $1M to fly first class
(DBN)

Obama is desperately trying to avoid another government shutdown
(DBN)

Obamacare’s $3 Trillion Gift to U.S. Corporations
(DBN)

Average US Credit Score is 695
(DBN)

Why some billionaires are bad for growth, and others aren’t
(DBN)

World’s Richest People Lose $182 Billion in Market Rout
(DBN)

US Debt Clock
(DBN

Economic Indicators Dashboard
(DBN)

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Real Estate:

Mortgage madness returns
(DBN)

FDIC sues 3 banks over faulty mortgage-backed securities
(DBN)

June home prices rose 0.9% from May
(DBN)

Ed DeMarco: Kill Fannie Mae and Freddie Mac
(DBN)

Attorneys' Hunch Unravels Trail of Mortgage Fraud
(DBN)

Are all millennials scared to own a home?
(DBN)

The New Luxury Amenity: $1 Million Parking Spots
(DBN)

Why a New Mortgage-Reduction Program Is Likely Too Little, Years Too Late
(DBN)

Defunct New Carlisle subdivision heads to sheriff's sale
(DBN)

Hidden housing neighborhoods you can afford in San Francisco and NYC
(DBN)

____________

Municipalities:

Puerto Rico asks U.S. Supreme Court to overturn restructuring ruling Puerto Rico Seeks Help From the Supreme Court
(DBN)

Puerto Rico: The Financial Implications Of Dependency – Analysis
(DBN)

Puerto Rico Plays Chicken With Its Creditors
(DBN)

Puerto Rico statehooders see opportunity as woes deepen
(DBN)

Kentucky town files for bankruptcy Why a Kentucky Town Is Filing for Bankruptcy
(DBN)

Day of reckoning for San Bernardino Fire Department
(DBN)

Specter of 38 Studios looms over PawSox stadium proposal
(DBN)

The Only State to Lose Jobs Since July Last Year
(DBN)

Most and Least Educated US Cities
(DBN)

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Politics:

Donald Trump says the 'real' unemployment rate is 42% Donald Trump Is Right: About 42% of Americans Are Unemployed (If You Include My 88-Year-Old Grandma) Was Trump’s Alabama rally the biggest campaign event so far? ‘Trump’s Alabama ‘pep rally’ brings out folks who want to shoot ‘illegals’ at the border Trump's immigrant-bashing rhetoric actually breeds violence Alabama tried a Donald Trump-style immigration law FactCheck: Trump's Immigration Plan Trump's immigration plan could spell doom for the GOP Donald Trump and the cover story curse Donald Trump keeps repeating one sentence — here's why At Koch group summit, a restrained enthusiasm for Trump Donald Trump versus other billionaires How much Donald Trump makes in speaking fees compared to everyone else It's getting ugly Donald Trump: 'Hedge fund guys are getting away with murder' Trump is no Ronald Reagan Is it better to represent the agenda of one rich guy or 1,000 rich guys? GOP Insiders to Trump: Enough GOP Thinks Trump Will Win Nomination
(DBN)

Birthright citizenship and "anchor babies," explained
(DBN)

For Texans Rick Perry and Ted Cruz, Iowa polls could be the end of the trail and Trump is to blame
(DBN)

Ted Cruz Blasts Jimmy Carter
(DBN)

Super PACs are spending early and often in 2016
(DBN)

Martin O'Malley wants boosts to Social Security that even Bernie Sanders hasn't called for
(DBN)

Bernie Sanders takes aim at 'greedy' Koch brothers
(DBN)

Joe Biden secretly met with Elizabeth Warren 3 big factors in Joe Biden's potential 2016 run Biden Supporters Urge Him to Run for President Joe Biden leans toward running for president in 2016
(DBN)

____________

Oil/Gas:

Stressed energy companies should consider Chapter 11 sooner rather than later
(DBN)

Oil & Gas companies account for more than a quarter of 2015 defaults
(DBN)

Mon.: Oil tumbles to fresh lows on China market turmoil Oil Plunges Amid Broad Commodities Selloff Oil hits 6-1/2-year low on China and oversupply
(DBN)

Fri.: Oil suffers longest weekly losing streak since 1986 Oil futures settle with a weekly loss of nearly 5% Oil breaks $40 barrier for first time in six years
(DBN)

Don't Dive Into Oil Yet
(DBN)

Americans’ Views of Oil and Gas Industry Improving
(DBN)

No End in Sight for Oil Glut - Crude-price plunge is deepening, yet producers keep pumping
(DBN)

5 reasons oil has traded below $40 a barrel
(DBN)

Why gas prices aren't falling with oil prices
(DBN)

The Saudis could face an open revolt at the next OPEC meeting Mood sours among Saudi businessmen as oil slides
(DBN)

Federal Judges rules against Primera Energy owner Brian Alfaro; FBI probe won't delay proceedings in his court
(DBN)

Texas' Job Growth Could Slow Again
(DBN)

Low Oil Prices: Assessing The Damage So Far In 2015
(DBN)

____________

Guns:

Colt Seeking Millions In Exit Payouts For Top Executives In Bankruptcy
(DBN)

____________

Healthcare:

Much of Children's Hospital management fee spent for travel
(DBN)

Officials say merged Brunswick hospitals are stronger
(DBN)

Judge OKs Mid Coast purchase of Parkview hospital
(DBN)

The “guns of August” roar as Hutcheson and Erlanger’s war of words heats up, judge agrees to 60-day ceasefire
(DBN)

Nye County Hospital Closes; New Emergency Plan Emerges
(DBN)

Rural hospitals ally with bigger providers to weather financial crisis
(DBN)

Former Fairmont General board in court
(DBN)

____________

Fraud:

Judge Upholds Jury Findings Against Rennert and Renco Group
(DBN)

Utah Man And Cousin Indicted For Alleged $140 Million Ponzi Scheme
(DBN)

____________

Paper:

Analysis: Wall Street bets against Verso, Ch. 11 On Horizon?
(DBN)

____________

Taxis:

Uber is obliterating New York City's taxi industry Uber is making New York City cab drivers miserable — and now they have proof Uber Seen Hitting $10.8bn in Fares in 2015
(DBN)

____________

Aviation:

Republic Warns of Chapter 11 Option If Pilots Reject Contract Republic Airways Seeks to Avoid Bankruptcy With New Pilot Contract
(DBN)

Airline tickets are finally getting cheaper Airfares Fall by the Most in Nearly Two Decades
(DBN)

Gripes about air travel have some people swearing off certain carriers
(DBN)

____________

 


New Bankruptcy Opinions
(12 new opinions today - DBN)

Bankruptcy Court Web/Pacer Site Directory

Chapter 7, 12 & 13 Private Trustee Locator
(DBN)

Recent Ch. 11 Filings (16 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (29 new filings today)
(DBN)

Bankruptcy Code - Prior BK Codes - Bankruptcy Rules
(large downloads)

UCLA-LoPucki Bankruptcy Research Database
(DBN)

Bankruptcy Jobs:

(1)-(2)- (3)-(4)-(5)-(6)-(7)-(8)-(9)-(10)
(DBN)

Seminars - (Contact us to list your seminar)

______________

Miscellaneous:

The Week Ahead
(DBN)

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Avoidance Actions:

“Ordinary” Doesn’t Always Mean “Often”: Tenth Circuit Holds that First-Time Transaction Can Qualify for the Ordinary Course of Business Exception under Section 547
(DBN)

____________

Automatic Stay:

Debtors’ Failure to Mitigate Dooms Contempt Action
(DBN)

____________

Movies:

Relativity Tells Court It’s Resolving Some, Not All, Of Its Bankruptcy Issues
(DBN)

Lenders, Guilds Get Concessions in Auction Plan
(DBN)

Bidders Tell Bankruptcy Court That Delays Could Jeopardize A Sale
(DBN)

Senior Lenders Respond to Objections to Bankruptcy Sale
(DBN)

Was Chapter 11 Unauthorized?
(DBN)

Can ‘Masterminds’ Rights Be Taken Away?
(DBN)

____________

Education:

Banks wield significant power over struggling for-profits
(DBN)

11 states want feds to discharge Corinthian students' federal debt

____________

Publishing:

Judge Tosses Anderson's Antitrust Suit Against Magazine Publishers
(DBN)

____________

Music:

Sillerman's Failed Bid, Debts and Growing Losses Test SFX Investors' Patience
(DBN)

The Fall Of SFX: From Billion-Dollar Company To Bankruptcy Watch
(DBN)

____________

Student Debt:

Student Debt Q&A: Why Are Rates of Grad-Student Debt So High?
(DBN)

Student-Loan Borrowers Flock to Payment-Relief Programs
(DBN)

Where They Stand: Democratic Presidential Candidates On Student Loans
(DBN)

How the attempt to fix student loans got bogged down by the middlemen
(DBN)

____________

Asset Protection:

Son of BOSS Leads To A Divorce And Fraudulent Transfer Troubles In Baker
(DBN)

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Theatres:

Trustee in Surflight Bankruptcy Case Files Notice of Abandonment
(DBN)

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Arenas:

More arena failures lie in McMurray arena company's wake
(DBN)

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Resorts:

Judge Sets Baha Mar Winding Up Ruling For September 4
(DBN)

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Agriculture:

John Deere: Farm Earnings Still in Trouble
(DBN)

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Sovereigns:

Argentina urges US appeals court to toss debt class-action ruling
(DBN)

Appeals judges blast Griesa (again)
(DBN)

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UK:

Mortgage lenders show sympathy as arrears deals hit record level
(DBN)

Leaked report shows Church in Wales was warned in December 2012 that Llandaff Cathedral faces bankruptcy
(DBN)

Data protection in corporate insolvency: who is responsible?
(DBN)

____________

PIIGS:

Europe may find itself relying on success of Greece's Tsipras Why early elections are bad for Greece Greek debt feels the heat as Europe shifts bail-in rhetoric IMF's Cottarelli on Greek Debt Sustainability
(DBN)

Italy Puts Senior Bonds in Line for Losses Like Germany
(DBN)

____________

Canada:

Jon Bon Jovi plays Vancouver concert after scrambling when promoter files bankruptcy
(DBN)

____________

Germany:

Germany's Schaeuble: 2015 surplus of 5 bln euros
(DBN)

Creditors grant insolvent Imtech Germany a credit line
(DBN)

____________

China:

China shares wipe out 2015 gains as stocks tumble 8.5% It's China's 'Black Monday' as stocks go through the floor China's latest stock market crash: the basics
(DBN)

China's economic slowdown becomes very clear if you take out its ridiculous stock market
(DBN)

China plans to flood banking system with new liquidity 1 trillion yuan might be deployed
(DBN)

China plans more steps to boost bank lending
(DBN)

China’s yuan may lose 8% more by end of 2016
(DBN)

IMF: It's too early to call China's downturn a 'crisis'
(DBN)

Is Another Chinese Solar Maker on the Road to Bankruptcy ?
(DBN)

____________

Brazil:

Brazil has 2 kinds of problems, and both are bad
(DBN)

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Ukraine:

Ukraine's president made one of the gloomiest predictions for the country's conflict with Russia
(DBN)

____________

Turkey:

Bankruptcy and debt collections surge over decade
(DBN)

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MENA:

Stock markets in Saudi Arabia, Dubai, Abu Dhabi, and Qatar crashed
(DBN)

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Nigeria:

Nigeria restructures bank loans to cash-strapped states
(DBN)

____________

Romania:

Prima TV enters insolvency
(DBN)

Insolvent drilling company records losses of over EUR 20 mln
(DBN)

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