December 3, 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:

Where Are The Biglaw Bonuses? Associate Bonus Watch, Day 3
(DBN)

Leading Restructuring And Insolvency Partners Join Morrison & Foerster in London
(DBN)

Dickstein Shapiro Talking Tie-Up With Multiple Suitors
(DBN)

Gibbons Relocates Wilmington Office
(DBN)

Will Computer Learning Replace Lawyer Earning?
(DBN)

Law: ‘The Least Diverse Profession’
(DBN)

Cozen Partner Accused of Making False Statements About Discipline Record
(DBN)

What Law Firms Can Learn From Amazon, Gretzky
(DBN)

Why Law Firms are Going to War with the Press
(DBN)

Bonuses Weren’t Always Good News
(DBN)

Law Firm Accuses Callan of Defrauding Ex-Partners
(DBN)

What Will The ABA Do To Restore Trust In Law Schools?
(DBN)

No Team In ‘I’
(DBN)

Linklaters CFO among HBoS directors who could face fresh probe over bank's collapse
(DBN)

Law Firms Lose Talent In-House Because of Diversity, GC Says
(DBN)

Lawyer fined for using dead mother’s disabled badge to park outside court
(DBN)

Court disbars lawyer who recorded and mocked clients for his amusement
(DBN)

Law firm stops operating after 136 years
(DBN)

Let’s Not Do Lunch: Alternatives to Meeting Over a Meal
(DBN)

You can modify your iPhone's logo so it glows like the one on your MacBook
(DBN)

Highlights of the ILTA 2015 Technology Survey
(DBN)

How to use your cell phone when you're in a foreign country
(DBN)

LinkedIn Gets a Facelift and Some New Features
(DBN)

4 communication tricks that will make you more likable
(DBN)

Poll: Most Americans think attacks on abortion clinics are “domestic terrorism"
(DBN)

At least 14 people dead after shooting in San Bernardino, California Shooter Appeared to be Living the American Dream Since Sandy Hook: 1,312 Dead, 3,764 Wounded in Mass Shootings The Untold Story of America's Mass Killings Hillary Clinton on San Bernardino mass shooting: 'I refuse to accept this as normal' Obama on San Bernardino shooting: "We have a pattern now of mass shootings ... that has no parallel" Motive Unclear After 14 Shot Dead in California
(DBN)

Ex-wife of suspected Planned Parenthood shooter says he vandalized South Carolina abortion clinic 3 years earlier Reckless Anti-Abortion Rhetoric
(DBN)

Posner opinion tosses p***-seeking inmate’s suit, but suggests scientific research is needed
(DBN)

New law firm greeter smiles, bounces in chair, seldom cries
(DBN)

Jesus Hates Lawyers
(DBN)

Lawyer Gets $150K Bonus! (By Misappropriating Client Money… Then He Gets Disbarred)
(DBN)

Biglaw Escapee Now Spends His Days Making TV And Films
(DBN)

Homeless Lawyer Searches For Panda
(DBN)

Court finds Oscar Pistorius guilty of murder
(DBN)

Judge allows pet cat to 'emotionally' support defendant at court
(DBN)

______________

Judges:

Chief justice orders mediation for top prosecutor and judge in dispute over Facebook posts
(DBN)

Court Investigates Whether Being Compared To Gollum Is Insulting
(DBN)

Former Official Says SEC Beset by ‘Crisis of Confidence’ Over In-House Judges
(DBN)

Judge Yanked From Bench For Pursuing Relationship With Clerk
(DBN)

Man Charged With Felony For Passing Out Leaflets On Juror Rights In Front Of Courthouse
(DBN)

Jury Duty: A Lawyer's Journey
(DBN)

______________

Wall Street:

Wall Street to open higher
(DBN)

Wall Street adds to losses; energy leads decline
(DBN)

El-Erian: As Fed hikes, ECB eases, markets could get wild
(DBN)

The unofficial Goldman Sachs holiday gift guide for 2015
(DBN)

______________

Layoffs:

 

National and State by State Unemployment Rates
(DBN)

Animated Map of Unemployment
(DBN)

______________

Retailing:

Best Buy Fights to Save Airport and Mall Vending Machines
(DBN)

Sears 3rd-quarter loss narrows, sales decline
(DBN)

RadioShack names Nick Cannon as Chief Creative Officer
(DBN)

NY joins 23 states in Radio Shack bankruptcy settlement enabling gift card claims Radio Shack gift card holders can file claims in settlement
(DBN)

Target to Pay $39 Million in Settlement With Banks Over Data Breach
(DBN)

Cabela's May Be Looking for Buyer 'Of course people are concerned'
(DBN)

One of the world's most iconic toy stores is shutting down
(DBN)

Holiday Shopping Won't Get Boost From Lower Gas Prices
(DBN)

____________

Commodities:

Investors in risky commodity-related bonds face big losses: Moody’s
(DBN)

____________

Healthcare:

Forest Park Medical Center real estate play could draw huge price tag
(DBN)

Bankruptcy trustee seeks to sell Grove Instruments' assets
(DBN)

Obamacare bailouts prove the law is flawed and lousy
(DBN)

US health spending hits $3 trillion as Obamacare and rising drug costs kick in
(DBN)

Only in America: Baby on the Way, Health Insurer Belly Up
(DBN)

____________

Alternative Energy:

U.S. may kill tax credits for renewable energy
(DBN)

Taxpayers Hold $2 Billion In Failing Green Energy Company
(DBN)

____________

Pharma:

Express Scripts hits Martin Shkreli where it hurts
(DBN)

____________

Celebs:

Mark Burnett's Ex-Partner Declares Bankruptcy on Eve of 'Survivor' Trial
(DBN)

People are inexplicably upset about Mark Zuckerberg's decision to give away 99% of his fortune
(DBN)

Jimmy Choo Co-Founder files for bankruptcy
(DBN)

____________

Electricity:

Ruling on Energy Future bankruptcy exit plan set for Thursday
(DBN)

____________


Economy:

Defaults soar to recession levels, fueled by cheap oil
(DBN)

Fed's Yellen Speaks About the Economy Yellen Signals Confidence in Economy Ahead of Fed Rate Decision Yellen moves Fed to brink of December rate hike Yellen: Data could still sway Dec. decision Fed's Yellen: Economy is ready for rate hike Yellen: Expect Continued Growth, Further Reductions in Labor Slack, Inflation to Rise to 2 Percent Fed's Yellen says 'looking forward' to day of first rate rise in decade
(DBN)

Yellen: The Labor Market Has Not Reached Full Employment
(DBN)

Fed's Beige Book: "Economic activity increased at a modest pace"
(DBN)

Fed's Lockhart Says Interest-Rate Liftoff Case Is ‘Compelling’
(DBN)

U.S. Consumer Debt Expands in Third Quarter
(DBN)

There is a 65% chance of US recession?
(DBN)

Private payrolls, compensation data point to sturdy jobs market U.S. Job Creation Index Steady in November ADP: Private Employment increased 217,000 in November
(DBN)

Auto sales on track for best November in 14 years
(DBN)

What Americans get wrong: survey reveals biggest misconceptions
(DBN)

US Debt Clock
(DBN

Economic Indicators Dashboard
(DBN)

______________

Real Estate:

Non-Recourse Loans: Turning Into Recourse and Back Again
(DBN)

Distressed home sales continue to trend lower
(DBN)

MBA: Mortgage Applications Decrease in Latest MBA Weekly Survey, Purchase Applications up 30% YoY
(DBN)

10 cities where home prices have jumped most
(DBN)

Millennials drive the Phoenix market
(DBN)

Here’s how much New Yorkers make renting their apartments on Airbnb
(DBN)

WaPo: It's Time To Lower The Cap on Deductible Mortgage Interest To Loans Of $500,000
(DBN)

____________

Municipalities:

Puerto Rico Advocates Rally to Urge Lawmakers to Take Action
(DBN)

Solving Puerto Rico's $70 Billion Debt Problem
(DBN)

Puerto Rico's Stalled Electric Deal Shows Long Path to Shed Debt
(DBN)

Detroit Bankruptcy : One Year Later
(DBN)

Detroit wins bondholder approval for new water authority
(DBN)

Detroit Water and Sewer Authority Washes Off Bankruptcy Stain
(DBN)

Let's face facts: CPS is insolvent . What should happen next
(DBN)

San Bernardino shooting: Attack hits a city already broken, beleaguered and bankrupt Struggling City Is Traumatized by a Siege and a Loud and Bloody Shootout Why San Bernardino? Before Inland Regional Center Shooting, California City Had History Of Violence
(DBN)

____________

Oil/Gas:

Thurs.: Crude prices rebound on OPEC optimism Barclays slashes oil forecast ahead of OPEC meet Oil’s drop won’t force a cut at OPEC meeting Saudis will only back output cuts if there's unity OPEC's Faith in Oil Demand Rise Rests on Shaky Ground
(DBN)

WTI settles under $40; Brent ends near 7-year low Oil falls below $40 after another storage surge Inventories Near 500 Million Barrels OPEC will struggle as oil prices dip below $40 Banks Survey Sees Low Crude Prices Through 2016
(DBN)

Bottom Keeps Falling for Energy-Debt Investors
(DBN)

Vantage says reaches deal with lenders, unit to file for bankruptcy
(DBN)

Oil Price Rebound Might Come Too Late For These Bakken Producers
(DBN)

Moody's: Expect More NA Oil Defaults
(DBN)

Iran Blames Saudi Arabia and Its Allies for Opposing Oil-Output Cuts
(DBN)

World's Top Oil Traders Don't Expect Recovery Any Time Soon
(DBN)

Iran Says OPEC Remains Divided on Need for Oil Output Cut Is Saudi Arabia about to boost oil prices?
(DBN)

Oil falls under $41 on 10th weekly rise in supply
(DBN)

Oil drillers scorecard: How 44 of them stack up
(DBN)

Swift Energy Skips Interest Payment on Bonds
(DBN)

Swift Energy Bonds Wallow In Low Teens After Co. Skips Dec. 1 Coupon
(DBN)

Billionaire Kinder's Pipeline Giant Plunges as Junk Status Looms
(DBN)

Schlumberger Job Cuts Not The Last For Oilfield Services
(DBN)

Oil Prices Near 6-Year Lows Aren't the Only Threat to Production Companies
(DBN)

Oil, gas downturn claims Colorado service company
(DBN)

Pemex Sees Total Debt Rising Above $100 Billion Next Year
(DBN)

In Approving HOVENSA Sale, Judge Found No Collusion Between Parties Involved
(DBN)

Asset Abandonment in Upstream Oil: A Growing Threat to the Sector
(DBN)

____________

Politics:

Ted Cruz Vows to Put Hard-Core Conservatives on Supreme Court Hillary Clinton Takes a Shot at Ted Cruz’s Plan to ‘Slash’ Infrastructure Spending
(DBN)

Donald Trump: To defeat ISIS ‘you have to take out their families’ Fellow Republicans are saying Trump's 9/11 story is wrong New information doesn't fix Donald Trump's 9/11 claim Another Hole in a Trump Story Uncovered Leaked memo alternatively shreds, praises Donald Trump as it advises candidates on how to handle him as the GOP nominee Donald Trump's Long History of Mocking Other People's Appearances
(DBN)

Ben Carson fades to third in new national poll
(DBN)

Christie's Selling Point: 'Anyone But Trump'
(DBN)

Ted Cruz Has the Mainstream in His Sights
(DBN)

Highway Bill Could Cost Four Biggest Banks Nearly $500 Million Next Year
(DBN)

Clinton Fact Check: "Ted Cruz tried to ban contraception" five times.
(DBN)

____________

History:

History’s nastiest economic collapses captured in 1 animated graphic
(DBN)

____________

Food/Beverage:

Owner of Black-eyed Pea restaurants in Texas files for bankruptcy Operator of Black-eyed Pea's 14 Texas restaurants files for bankruptcy
(DBN)

New Quiznos Grill concept debuts as part of the fast-casual chain's turnaround plan
(DBN)

Investors sue state over failed beef plant investment
(DBN)

The 100 best restaurants in America, according to OpenTable
(DBN)

____________

Opera:

A Group Cedes Its Bid to Revive City Opera to a Rival
(DBN)

New York City Opera's bankruptcy case will move forward with a plan to pay creditors
(DBN)

____________

Personal Finance:

15 times it's worth spending a little more
(DBN)

How much to tip everyone for the holidays
(DBN)

____________

Credit Cards:

Credit card reform saves consumers $4 billion a year in "gotcha" fees
(DBN)

____________

 


New Bankruptcy Opinions
(4 new opinions today - DBN)

Bankruptcy Court Web/Pacer Site Directory

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

Recent Ch. 11 Filings (56 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (2 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)
(DBN)

Seminars - (Contact us to list your seminar)

______________

Lien Stripping:

Bloomberg Law's Eye On Bankruptcy Panel 2
(DBN)

____________

Prepacks:

Prepackaged Bankruptcy Offers Investors a Quick Return to Liquidity
(DBN)

____________

Bankruptcy Forms:

Form Reform: Major Bankruptcy Form Overhaul Takes Effect
(DBN)

____________

Probate:

Surgeon Dies in Bankruptcy Leaving Probate Quagmire
(DBN)

____________

Professional Fees:

You’re Excused! Court Grants Final Fee Application Despite Late Filing
(DBN)

____________

Insiders:

Tenth Circuit BAP Limits Insider Claims
(DBN)

____________

Judicial Estoppel:

Can’t Have Your Cake & Eat It Too
(DBN)

____________

Fiduciary Duty:

Delaware Supreme Court Issues Long-Awaited Decision in Rural/Metro Affirming Liability Against Financial Advisor
(DBN)

____________

Litigation:

5 Ethical Issues With Litigation Finance
(DBN)

____________

TBTF:

Outlawing Bailouts Won't End Them
(DBN)

____________

Concerts:

SFX Has Lost $144 Million In 2015, Bankruptcy May Be Imminent
(DBN)

____________

Autos:

Lawyers Head to New Orleans for Volkswagen Hearing
(DBN)

2 Fiat Chrysler dealerships, closed after years of bankruptcy litigation, are reopening
(DBN)

____________

Mining:

Why Bankruptcy Might Be the Mining Industry's Last Best Hope
(DBN)

____________

Banking:

S&P cuts ratings on big US banks' parent companies
(DBN)

JPMorgan, BofA, Citigroup Among Eight U.S. Banks Cut by S&P
(DBN)

____________

Construction Materials:

Axion International Files for Bankruptcy to Sell Assets
(DBN)

____________

Steel:

Dayton hopes to announce Thursday on ordering Essar Steel to repay state
(DBN)

____________

Hedge Funds:

Hedge Fund Redemptions Are Spreading Debt Distress
(DBN)

____________

Paper:

Apollo Said to Opt Out of Verso Debt Talks as Creditors Organize
(DBN)

____________

Debt Collection:

Appeals Court Rules Bank Did Not Violate Collection Law
(DBN)

Highway bill requires IRS to use private debt collectors
(DBN)

____________

Hotels:

Two Manhattan Hotels to be Sold by Gemini Real Estate Advisors Move Towards Closing by End of 2015
(DBN)

____________

UK:

Only one-quarter of Britons believe legal system is fair
(DBN)

____________

EU:

What Draghi's Next Rate Decision Will Mean for the Global Economy
(DBN)

After Yellen's teaser comes Draghi the easer
(DBN)

Five Things to Ask Mario Draghi From Negative Rates to QE
(DBN)

____________

PIIGS:

Creditor banks of Spain's Abengoa consider involving bondholders in debt talks - sources
(DBN)

David Drumm files fresh appeal on failed bankruptcy bid Drumm takes bankruptcy appeal to higher US court
(DBN)

____________

Canada:

Insolvency professionals get a new name: Licensed Insolvency Trustee
(DBN)

Bank of Canada issues warning; rates steady
(DBN)

Delinquency rates rising as Calgarians carry highest average debt
(DBN)

____________

Brazil:

Brazil in-court reorganizations jump in November, Serasa says
(DBN)

Brazil GDP plunges 4.5%
(DBN)

Fitch Warns Emerging Markets of Brazil-Like Mess on Debt
(DBN)

Rousseff to Face Impeachment in Brazil Beset by Recession
(DBN)

____________

MENA:

Islamic State's New Strategy Is Suicidal
(DBN)

Sunni Leader: Gender Equality Is “Un-Islamic” and Women Are “Fit Only To Deliver Children”
(DBN)

____________

China:

Macau's Casino Middlemen Squeezed by China's Delinquent Debtors
(DBN)

____________

Russia:

Debt repayment falters as ruble stays unsteady
(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