August 4, 2015

The Daily Bankruptcy News

View prior editions: Click Here
View prior case summaries: Click Here
Search prior headlines: Click Here
Search prior case summaries: Click Here

Format For Mobile Device




Law:

A Lateral Boom of Older Lawyers
(DBN)

How to Make a Law Firm Merger Work: Dealing With The Finances
(DBN)

Dewey & LeBoeuf Billing Chief Tells Jury Firm Fudged Invoices
(DBN)

K&L Gates chairman says partner departures are consistent with the firm’s ‘performance culture’ Déjà Vu All Over Again: Peter Kalis Of K&L Gates Strikes Back At Law360
(DBN)

Weil Adds Bankruptcy and Restructuring Partner in New York
(DBN)

Summer Associate Offer Rates (2015): Is Your Firm Keeping It 100?
(DBN)

Are Law Schools Skewing Job Placement Numbers?
(DBN)

At Buchanan Ingersoll, A Lawyer Finds Her Identity
(DBN)

Jones Day Nabs Pair of Big Mining and Media Bankruptcies
(DBN)

GC: Many Matters Don’t Require Law Firms
(DBN)

Microsoft GC Offers Bonus for More Diverse Outside Counsel
(DBN)

Honigman Chair: We Sell Services By Word of Mouth
(DBN)

Avvo founder tells lawyers to ‘get rid of UPL’ if they want innovation and access to justice
(DBN)

Kane Russell Coleman & Logan PC Moves Houston Office
(DBN)

Suits blame Simpson Thacher and JPMorgan for $1.5 billion error
(DBN)

BigLaw firm’s alleged promises to client in hiring talks were puffery, judge says in tossing claims
(DBN)

The Perils Of Specialization
(DBN)

The Best Legal Job Market for Millenials? Tax Law
(DBN)

Rich Irony In Attorney Lawsuit
(DBN)

Bankruptcy Lawyer: 10 Tips For Dealing With Infuriating Emails (Part II)
(DBN)

Would You Respond To This Job Listing For An Associate?
(DBN)

Bomb goes off at door of law firm
(DBN)

People are demanding justice for the hitchhiking robot destroyed in Philadelphia
(DBN)

A California city is paying would-be murderers not to shoot anybody — and it's working
(DBN)

DA Brandishes Shotgun In Facebook Picture Captioned, ‘You Should Take The Plea’
(DBN)

A Great Legal Job, Or The Greatest Legal Job?
(DBN)

City files copyright suit over government meeting footage in YouTube videos
(DBN)

______________

Judges:

Supreme Court Justices Welcome Jim Harbaugh With No Argument
(DBN)

93-year-old judge grows weary of 44-year-old housing bias case
(DBN)

6th Circuit criticizes lawyer’s ‘outlandish’ comparisons, tosses challenge to lawn mowing fine
(DBN)

______________

Wall Street:

U.S. stocks set for choppy day
(DBN)

Stocks mostly lower at the open; oil prices drop below $46 Weak oil prices, China worries drag Wall Street lower
(DBN)

THIS may spark dreaded stock correction
(DBN)

______________

Layoffs:

 

National and State by State Unemployment Rates
(DBN)

Animated Map of Unemployment
(DBN)

______________

Retailing:

Sears' shares plunge after dismal same-store sales
(DBN)

Sears to report first profit since 2012
(DBN)

Sears Sales Plummet by Double-Digits Again in Second Quarter
(DBN)

Ullman steps down, again, as Penney CEO
(DBN)

____________

Coal:

Coal miner Alpha Natural files for bankruptcy protection A 4th big coal producer files for bankruptcy Alpha Natural Resources Bankrupt; Mining Default Rates Jump U.S. Coal Giant Greets Obama Climate Rules With Bankruptcy Coal companies have been scorched under Obama Here's what coal company's bankruptcy means in dollars and cents The end of coal? Alpha Natural bankruptcy points to industry troubles. Docket
(DBN)

Coal Left Fighting Over America’s Last Plants as Rules Mount
(DBN)

Obama’s Clean Power Plan Seen Wiping Out High-Cost Coal
(DBN)

Why Obama’s epic climate plan isn’t such a big deal
(DBN)

Glencore’s Optimum Seeks Bankruptcy Protection on Eskom Spat
(DBN)

What’s Next for Walter Energy?
(DBN)

____________

Electricity:

Obama's New Climate-Change Regulations to Alter, Challenge Industry 5 Things About Obama’s New Climate Rules
(DBN)

____________

Defaults:

Fitch: Alpha Bankruptcy Boosts US HY Sector Default Rate to 10%
(DBN)

____________

Student Debt:

Citibank investigated over its student loan services
(DBN)

Amici NCLC and NACBA Argue Brunner Test Outdated
(DBN)

____________

Consultants:

Mesirow to close bankruptcy consulting business
(DBN)

AlixPartners Announces CEO Succession
(DBN)

Houlihan Lokey Seeks Valuation of Up to $1.57 Billion in IPO
(DBN)

____________

Currency:

Villain or dunce? 'At its peak,' jailed Mt Gox CEO made bitcoin what it is today
(DBN)

Running on empty: Bitcoin exchange MtGox ‘ran out of cash six months before bankruptcy’
(DBN)

____________

Aviation:

Skymark Creditors to Choose Between Two Revival Plans in Tokyo
(DBN)

____________


Economy:

Will the Fed's rate rise create more bankruptcies?
(DBN)

This Recovery Really Is Different
(DBN)

Americans Still Wary on the Economy
(DBN)

Inflation Misses Fed’s 2% Target for 38th Straight Month
(DBN)

Economists up GDP estimates after data
(DBN)

ISM manufacturing data raises doubts about the economy ISM Manufacturing index decreased to 52.7 in July
(DBN)

US auto sales surge 5% in July Millennials Join Confident Consumers Snapping Up Autos in U.S.
(DBN)

BEA: Personal Income increased 0.4% in June, Core PCE prices up 1.3% year-over-year
(DBN)

Weak auto demand crimps US consumer spending U.S. Car Sales Top Estimates With GM, Ford, Fiat Chrysler Wins
(DBN)

Construction Spending increased 0.1% in June
(DBN)

What raising the minimum wage to $15 would actually mean in every state
(DBN)

Big U.S. Cities Lead the Way in Economic Recovery
(DBN)

These Americans have the lowest credit score
(DBN)

America is the Next Greece
(DBN)

Uber Driver Challenge Is Early Test for ‘Sharing-Economy’ Firms
(DBN)

US Debt Clock
(DBN

Economic Indicators Dashboard
(DBN)

______________

Real Estate:

The 20 hottest housing markets
(DBN)

Housing bubble remedy: an 8-point Fed hike
(DBN)

A single image captures how the American house has changed over 400 years
(DBN)

The $96M house-flipping Ponzi scheme?
(DBN)

____________

Municipalities:

It’s official. Puerto Rico defaults Puerto Rico Misses Most of $58 Million Debt Payment Puerto Rico just defaulted on its $72 billion debt pile Puerto Rico's 'death spiral' has officially begun Puerto Rico Debt-Crisis Grows as Payments Halt, Agency Defaults Puerto Rico's crisis ... in 2 minutes Puerto Rico: What’s next after bond default Puerto Rico had a $58 million debt payment due. It paid $628,000.
(DBN)

Puerto Rico Imposed Rich-Country Policies--And Now It Is Paying The Price
(DBN)

Puerto Rico Sales-Tax Creditors Said to Hire Miller Buckfire
(DBN)

Will the Puerto Rican Debt Crisis Impact PREPA?
(DBN)

Puerto Rico is about to default for the first time in its history Another problem Puerto Rico doesn't need
(DBN)

Fitch: Puerto Rico Appropriation Debt Default Highlights Liquidity Strain & Government Priorities
(DBN)

Puerto Rico's uncertain future leaves muni bond fund investors in limbo
(DBN)

Misery is deepening in Puerto Rico
(DBN)

Detroit’s Bankruptcy Exit Financing Gets Credit Rating from Standard & Poor's
(DBN)

S&P cuts Atlantic City rating 3 notches to 'B' Citing Lack of Debt Plan
(DBN)

Thinking Of Moving? Here Are Some Cities You May Want To Avoid The best and worst big cities to live in
(DBN)

____________

Corporate Reform:

Trader jailed for 14 years over Libor rate-rigging How Libor whiz Rain Man became "the guy everyone was going to blame"
(DBN)

____________

Oil/Gas:

Crude oil is collapsing Oil’s Below $50 and About to Get Worse Oil prices slide as worries about global supply glut mount Oil's losing streak at its worst for the year Oil Falls to Fresh Lows on Supply Concerns US oil tumbles 4% to settle at $45.17 a barrel Oil sinks to six-month low amid weak data, slump in gasoline Oil’s slide continues into August As oil falls below $50, analysts eye 'mid-price' era Mobius: Oil's fall is purely sentimental Don't Expect An Oil Price Rebound This Side Of 2017 Supply Glut Threatens To Push Oil Prices Below $40 Per Barrel
(DBN)

Shale gas is loser in Obama climate plan
(DBN)

US Shale: How Smoke And Mirrors Could Cost Investors Millions
(DBN)

Oil CEOs’ grim outlook rubs off on speculators fleeing market
(DBN)

Oil field companies cutting 276 more jobs in Texas
(DBN)

Moody’s: More oil driller defaults coming as banks restrict lending
(DBN)

Linn Energy shares throttled for third day on downgrades
(DBN)

Noble Energy posts $109 million loss
(DBN)

Cal Dive International Inc. to cut jobs, close facilities
(DBN)

Penn Virginia: All Signs Point To Bankruptcy
(DBN)

MRC Global cuts more jobs as profits dip
(DBN)

Oil Corporations Scheme to Export America's Security
(DBN)

Oil-and-Gas Debt Deals Sting Investors
(DBN)

Gas Just Another Fossil-Fuel Loser in Obama Push for Renewables
(DBN)

Commodity crunch to cut resource firms’ capex by double digits
(DBN)

Tempted to buy energy stocks? Note this first
(DBN)

____________

Politics:

Koch brother blasts corporate welfare
(DBN)

Why a Biden candidacy is looking more viable
(DBN)

Jeb Bush Releases Border Security Plan
(DBN)

In First GOP Debate, Goal Is Winning the Base–Not Trumping Trump
(DBN)

Trump Leads In All Polls Who Gets Trump's Supporters When He Quits? The Trump-Less Extravaganza the Other GOP Contenders Had Been Hoping For Trump: We must 'give power back to the police'
(DBN)

Hillary Clinton's Proposal to Combat "Short Term Capitalism" by Raising Capital Gains Tax Rates is Crazy Stupid.
(DBN)

Cruz: Climate Change Falsified by Scientists
(DBN)

4 Major Ayn Rand Recanters
(DBN)

____________

Environmental:

Mississippi Bankruptcy Court Approves Global Settlement
(DBN)

____________

Autos:

Deposition Battle Heats Up Over GM's Valukas Report
(DBN)

____________

Corporate Governance:

So Why Should Delaware Corporate Law Predominate?
(DBN)

____________

 


New Bankruptcy Opinions
(3 new opinions today - DBN)

Bankruptcy Court Web/Pacer Site Directory

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

Recent Ch. 11 Filings (179 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (6 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)

______________

Bankruptcy Statistics:

WD NY: Bankruptcy filings up 4.5 percent in July
(DBN)

More Pittsburgh-region businesses file bankruptcy
(DBN)

Bankruptcy filings fall 15% in NW Ohio
(DBN)

Bankruptcy filings fall 7.1 percent across isles
(DBN)

______________

Avoidance Actions:

Preference Actions filed in Deb Shops Bankruptcy
(DBN)

FL: 20 Year Statute of Limitations for Actual Fraud Fraudulent Conveyance
(DBN)

____________

Mootness:

Equitable Mootness on Life Support: The Third Circuit Further Pares Back the Abstention Doctrine in One2One Communications
(DBN)

The Viability of the Equitable Mootness Doctrine in the Third Circuit: A Moot Point?
(DBN)

____________

Finance:

The Shadowy Contours of Bankruptcy Resistant Investments
(DBN)

CIT's Thain: financial companies without deposit funding face risks
(DBN)

____________

Jurisdiction:

Wellness: Is Consent the Cure?
(DBN)

____________

Sales:

Delaware Bankruptcy Court Denies Motion to Sell Free and Clear of Senior Lien
(DBN)

____________

Safe Harbors:

Payments to a REMIC Trust Find Safe Harbor, But Another Storm Is Brewing…
(DBN)

____________

Insurance:

Third Circuit Finds Insured v. Insured Exclusion Precludes Recovery of Defense Costs
(DBN)

____________

Celebs:

50 Cent Declares $108,000 in Expenses Per Month 50 Cent's mansion costs $70k a MONTH to maintain and previous owners went bankrupt Latest in 50 Cent bankruptcy reveals $8M shortfall 50 Cent Bankruptcy G-Unit Is Bleeding Me Dry
(DBN)

6 ways 50 Cent says he tricked the world into believing he was rich
(DBN)

Are the Duggars Broke, or Just Greedy as Hell?
(DBN)

____________

Healthcare:

Clayton County's only hospital files for bankruptcy
(DBN)

Children's docs say no to UMC takeover
(DBN)

Daughters of Charity system files for 'transfer of control' to Blue Mountain Capital
(DBN)

ME: Parkview pledges to keep offering services despite unexpected loss of Medicare funding
(DBN)

____________

Religion:

Archdiocese gets flood of more than 400 abuse claims
(DBN)

____________

Private Equity:

'Smart money' investors dumping companies
(DBN)

____________

Bankruptcy Crimes:

Collector of vintage guns gets two years for bankruptcy fraud
(DBN)

New Haven couple sentenced in federal bankruptcy, tax fraud case
(DBN)

____________

UK:

U.K. Raises $3.3 Billion From RBS Sale, Leaves Room for More
(DBN)

Protected: UK High Court judgment on Lehman Waterfall II application, parts A and B
(DBN)

____________

PIIGS:

Greece says expects bailout deal by Aug 18 Varoufakis vindicated while Lagarde is the loser Greek stocks plunge, banks hammered, after five-week crisis shut down Greek business exodus hits ‘epidemic proportions’ Greek Stocks Pare Second-Day Drop After Biggest Rout in Decades Greek Traders See No End to Stock Trauma In Cash-Starved Greece, Plastic Casts Light Into Shadow Economy
(DBN)

Irish Rail faces bankruptcy if it loses tender, Government warns
(DBN)

____________

Germany:

Retention of Title (ROT) Agreements as a Creditor Protection Against Insolvent German Customers — Part 4
(DBN)

____________

China:

Danger mounts as China’s equity bust resumes
(DBN)

The worst may be yet to come for Chinese stocks
(DBN)

____________

Poland:

PBG’s $875 Million Bankruptcy Nears Resolution on Bank Debt Deal
(DBN)

____________

Ukraine:

Ukraine's Oschadbank says creditors agree to restructure $1.3 bln debt
(DBN)

____________

MENA:

Creditors of Dubai's Drydocks World select Moelis as restructuring talks loom
(DBN)

____________

Brazil:

One Batista Dream Survives in Rubble of Ex-Billionaire’s Empire
(DBN)

____________


The Daily Bankruptcy News is primarily a curated news link gathering service.   Most of the headlines contained in the publication are a collection of links to stories posted on the Internet by various third party publications.  Such content is owned by third party sources, not The Daily Bankruptcy News, and in some cases, these links change or expire, which means you may not be able to view some news stories in prior editions of the Daily Bankruptcy News. The DBN subscription fee is not a fee for access to the content of the links, but is a charge for the considerable work involved in gathering, organizing and presenting the links. Use of this site and The Daily Bankruptcy News is subject to our Terms of Use. If you received The Daily Bankruptcy News via email (and you have a paid subscription account), to view a news story, click on the headline, and the story should open in your web browser. To view additional stories, click back to the email and click on additional headlines, which will cause new stories to open in your web browser.  You can view the Daily Bankruptcy News on the web by clicking here.

Advertising
Advertising is available in The Daily Bankruptcy News. Click here for details  Feel free to contact us with any questions.

Passwords/Subscriptions
Access to certain links in The Daily Bankruptcy News is available only to readers holding a paid service subscription. These links are currently marked with a "DBN" notation. The cost of a subscription is $62/year, payable annually.  Volume discounts are available for sites with multiple users. Click here to see a schedule of discounts. Complimentary subscriptions are available for full-time educational and governmental employees and for full time students. For information about discounts or educational/governmental subscriptions, contact us by clicking here. A separate password is required for each member of a firm wishing access to restricted links.

New readers can receive a free password good for 30 days by clicking here. 30-day passwords are not available to readers who have previously had a password, even if the password was associated with a different email address used by the reader. Refunds are not available after purchase.

Readers who wish to change their passwords should click here. Readers who have forgotten their password should click here.

Adding Your Email Address To The Distribution List
If you would like to start receiving The Daily Bankruptcy News by email each day, click here, and fill in the information requested. There is no charge to be placed on the distribution list to receive the headlines, although access to many of the links behind the headlines requires a paid subscription (see above, under Passwords). If, after adding your email address to the distribution list, you do not receive an email confirming the addition, please contact us by clicking here for help.

Removing Your Email Address From The Distribution List
If you already receive The Daily Bankruptcy News by email and you wish to remove your email address from the distribution list, click here and send the email that should appear. You do not need to type anything in the body of the email message. Note that the email asking for removal must be sent from the same email address which is on our distribution list. If you do not receive an email confirming deletion of your email address from the distribution list, contact us by clicking here for help.

If receive the publication forwarded from an older email address, you will need to contact us as described below for help removing that older address from our distribution list.

Press Releases/News Tips
Please send press releases and news tips to admin@bkinformation.com

Contact Us
The Daily Bankruptcy News is published each business day by BKINFORMATION.COM, L.L.C. You can phone or text us at 281-402-3957. You can email us at accounting@bkinformation.com (email inquiries are usually answered substantially more quickly than phone inquiries). Our mailing address is 935 Eldridge Road, No. 350, Sugar Land, Texas 77478.

Copyright 2015