November 12, 2015

The Daily Bankruptcy News

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Law:

These two BigLaw firms have reportedly ended their preliminary merger talks
(DBN)

Kirkland lashes out against Caesars creditor accusations
(DBN)

Inside a $5.7 Billion Antitrust Trainwreck
(DBN)

Biglaw Compensation Leader Makes Costly Changes To Its Health Insurance Plan
(DBN)

Biglaw: Demand Is Slowing, Expenses Are Up Citi Report Finds Revenue Slowdown In-House Lawyers are Reining in Law Firm Spend For Cost-Conscious Clients, Less Is More Law firms face revenue slowdown Do BigLaw firms need to tighten their belts?
(DBN)

Dentons ties knot with Dacheng to create 6,600-lawyer firm
(DBN)

Pa. Firms Missing the Mark on Rate Increases, Survey Shows
(DBN)

Legal market expert predicts that Big Four accountancy giants will challenge top law firms
(DBN)

How to Take Market Share: Lessons for Law Firms
(DBN)

The Customer Is Always A Sucker: Law School Economics
(DBN)

Hollywood Lawyer Donates $5 Mln to UCLA School of Law
(DBN)

Price Discrimination Will Ultimately Bite Law Schools
(DBN)

The Best Ever ‘Faculty In The News’ Blurb
(DBN)

The Achilles' Heel Of Law Schools — Charging More To The Least Qualified Students
(DBN)

Princeton/UCLA Study: It Is Time To Ban Laptops In Law School Classrooms
(DBN)

Foley & Lardner To Leave Eversheds Standing At The Altar
(DBN)

What Skills Will Lawyers Need in 20 Years?
(DBN)

Law firm offers free defense to military veterans booked for traffic offenses on Veterans Day
(DBN)

Legal Industry Potpourri: Demand Down, More Women Advancing At Some Firms More Than Others, Women Lag Among New Partners
(DBN)

Mizzou Appoints Law Prof to Oversee Diversity
(DBN)

With 2,000 Billable Hours, Add 300 More for Veterans
(DBN)

When Your Fantasy Job Needs A Reality Check
(DBN)

So Many Conflicts, So Many Contexts
(DBN)

Akerman Launches Fraud Practice Group
(DBN)

Arent Fox Names First Female Managing Partner
(DBN)

Evidence Shows Most Lawyers Continue To Have Profitable, Fulfilling Careers (In Texas)
(DBN)

Beyond Biglaw: Goodbye, Grantland
(DBN)

A Lawyer’s Guide To Social Media (Part 1): Twitter
(DBN)

Harvard Law students debate whether people protesting racism at Yale are 'fascists'
(DBN)

BigLaw partner faces possible sanction for tweeting photos during trial
(DBN)

Apple iPad Pro Review: Bigger. Better?
(DBN)

Lawyer who sued cops for his courthouse arrest loses 3rd Circuit appeal
(DBN)

Law firm marketing chief hits a home run with World Series photo
(DBN)

Goldberg Segalla announces partner’s firing on YouTube after he insulted Liverpool fans on camera
(DBN)

Lawyer is sentenced in attempted murder of his wife; his law firm found hit-man research
(DBN)

Who Was Clara Shortridge Foltz?
(DBN)

Legal Luminaries Can Be Such Show Offs
(DBN)

Ex-Bryan Cave Lawyer's Role in Maxim Deal Examined at Trial Did BigLaw lawyer lie to help client get millions to buy Maxim? Or was he a victim of his client?
(DBN)

It’s Hard to Pay a Lawyer Without Money
(DBN)

Jail phone records show 14,000 calls to lawyers were taped
(DBN)

3L Reading Excuse Form
(DBN)

A Modest Proposal For Bluebook Reform
(DBN)

A look at Apple’s new iPad Pro in action The iPad Pro is the future of computing You may not be able to get the iPad Pro's most important add-ons for another month
(DBN)

How to take the perfect LinkedIn profile photo
(DBN)

The 2 main reasons people aren't buying the Apple Watch
(DBN)

Biglaw Partner’s Tweets Spark FBI Interest
(DBN)

Supreme Court Shields Police From Juries
(DBN)

ATL’s Legally Themed Halloween Costume Contest: The Winner (2015)
(DBN)

Free courthouse ‘boutique’ helps defendants look their best at trial
(DBN)

This is what makes charismatic people so attractive
(DBN)

A Craigslist Ad That Needs Help
(DBN)

Apple apologized to black students who were asked to leave a store because they 'might steal something'
(DBN)

Lawyer gets probation for forging judge’s name on court order and is disbarred by consent
(DBN)

Slain 6-year-old’s dad had warned killer Louisiana cop to stay away from his fiancé before shooting
(DBN)

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Judges:

ED TN: Chief Bankruptcy Judge Receives Judicial Conference Appointment
(DBN)

Oregon Judge Accused of Screening Gay Couples Faces Ethics Hearing Judge Defends Himself at Ethics Hearing
(DBN)

Controversial judge orders baby removed from same-sex parents and placed with heterosexual family
(DBN)

Judge accused of making false residency claim is convicted
(DBN)

Given 20 days for contempt, lawyer blames judge and says he would like to sanction jurist
(DBN)

Which SCOTUS justices get the most ‘dog’ opinions?
(DBN)

This SCOTUS Justice Hasn’t Written The Majority Opinion In A Major Case In 6 Years
(DBN)

Who Is Qualified To Portray A Supreme Court Justice?
(DBN)

Judge Kopf Crosses (Crossfires?) Fault Lines
(DBN)

Supreme Court Win Likely for Big Law Associate
(DBN)

Judge Julie Kocurek's Shooting - Chimene Onyeri, Person Of Interest, Is Defendant In Her Court
(DBN)

The Delaware Docket - Third Quarter
(DBN)

NV: Bankruptcy Bugle November 2015 issue
(DBN)

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Wall Street:

Stocks set to pull back
(DBN)

Weakness in retailers and energy companies pull stocks lower
(DBN)

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Layoffs:

UniCredit Plans to Shrink Workforce by About 18,200
(DBN)

Rockwell expects economic slowdown, plans layoffs in 2016
(DBN)

Trib Total Media to lay off 153 in sweeping restructuring
(DBN)

More layoffs coming at AK Steel
(DBN)

Major Layoffs in the Mining, Oil, and Gas Industry
(DBN)

National and State by State Unemployment Rates
(DBN)

Animated Map of Unemployment
(DBN)

______________

Bankruptcy Crimes:

Benton attorney pleads guilty to bankruptcy fraud
(DBN)

____________

Healthcare:

Drug-Testing Lab Millennium Enters Bankruptcy Millennium Lab Files Bankruptcy After Settling With U.S.
(DBN)

Prime Healthcare's $62.2M bid accepted by bankrupt NJ hospital
(DBN)

Court Rules that Medicare and Medicaid Payments to Nursing Home Must Continue Pending Jurisdictional Dispute
(DBN)

Saint Michael’s Board Sticks with Original Bidder, to Critic’s Dismay
(DBN)

Foundation HealthCare Announces Agreement To Acquire University General Hospital in Houston
(DBN)

East Orange hospital, in process of sale, files for bankruptcy NJ hospital files for bankruptcy amid sale to Prospect Medical Holdings East Orange General Hospital’s Bankruptcy Filing Could Slow Pending Sale
(DBN)

California Hospital Hires Delaware Collection Agency
(DBN)

High-flying health care is now slowing dramatically
(DBN)

Companies Continue to Chip Away at Health Care Benefits
(DBN)

____________

Food/Beverage:

Albertsons Makes A Bid To Get Stores Back In Haggen Bankruptcy
(DBN)

Haggen may sell 32 core stores in Washington, Oregon
(DBN)

Bids exceed expectations for Haggen stores
(DBN)

As time runs out for stores, A&P seeks extension for bankruptcy plan
(DBN)

Yellen Partners to Conduct Equipment Auction of Organic Avenue
(DBN)

Team Schostak affiliate is stalking horse bidder to buy bankrupt Olga's Kitchen
(DBN)

People are starting to pay for unlimited coffee memberships
(DBN)

____________

Aviation:

Estonian Air files for bankruptcy
(DBN)

Rolls-Royce shares plunge 19pc on downgrade to profit forecasts Rolls-Royce is tanking
(DBN)

____________

Religion:

Pope Francis calls to be closer to the poor and fight 'cancer of corruption'
(DBN)

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Education:

Winston Prouty Center submits bid for Austine School campus
(DBN)

____________

Guns:

Colt Defense Announces Court Approval of Disclosure Statement for Plan of Reorganization Colt Defense nets disclosure statement OK, exclusivity extension
(DBN)

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Golf:

Riverfront ranch and golf course headed for auction
(DBN)

____________

Corporate Governance:

A Trio of Delaware Decisions Reaffirms Corporate Director Protections
(DBN)

____________


Economy:

Goldman Sachs Says Corporate America Has Quietly Re-levered
(DBN)

Economic. recovery has about 4 years left: Goldman
(DBN)

Decline and Fall of America's Working Class
(DBN)

Both parents are more likely to work full-time
(DBN)

Household Spending Expectations for the Coming Year are Improving
(DBN)

Why the Self-Employed Are Struggling to Save for Retirement
(DBN)

A Record Share of Young Women Are Living at Home
(DBN)

Debt Market Flashes Scary Signal
(DBN)

What falling copper prices say about world economy
(DBN)

The US economy is turning into a nightmare for recruiters
(DBN)

Millennials are living with their parents longer than ever
(DBN)

US Debt Clock
(DBN

Economic Indicators Dashboard
(DBN)

______________

Real Estate:

Dealing with Restaurant and Retail Leases in Bankruptcy
(DBN)

Federal judge stuns courtroom with probation sentences in $5M mortgage-fraud case
(DBN)

US Foreclosure Starts Increase 12 Percent in October Why did foreclosures spike in October?
(DBN)

Bank will pay man $2 million for ‘mistaken’ foreclosure
(DBN)

Little Rock: Rent due...but to who?
(DBN)

Welcome Back: Colony still sits vacant
(DBN)

LV: Fontainebleau on north Strip for sale
(DBN)

Silicon Valley ‘shack’ lists for nearly $2 million
(DBN)

You need to be earning a lot of money to afford a one-bedroom apartment by yourself in Manhattan
(DBN)

____________

Municipalities:

Surrounding mayors to Atlantic City: Declare bankruptcy
(DBN)

A.C. mayor OK with Christie's changes
(DBN)

LAUSD school board to take up report warning of approaching bankruptcy
(DBN)

Florida representatives urge Congress to help financially strapped Puerto Rico
(DBN)

Our Fellow Americans in Puerto Rico Must Not Be Forgotten
(DBN)

Puerto Rico Electric needs to get insurers on board by Thursday
(DBN)

Puerto Rico Is Running Out of Options
(DBN)

Moody's sees Puerto Rico defaulting on some debt payments due Dec. 1
(DBN)

How to Fix Puerto Rico's Fiscal Mess Without Bailout or Bankruptcy
(DBN)

Puerto Rico: Isle of Disenchantment
(DBN)

Puerto Rico's Advocates' Cries Fall On Deaf Ears
(DBN)

Why is Puerto Rico in So Much Debt?
(DBN)

Fitch: Some California School District GOs Protected in Bankruptcy
(DBN)

Atlantic City posts the highest foreclosure rate in the US for the fourth month in a row
(DBN)

Warren Evans' deficit plan praised at state capitol
(DBN)

____________

Retailing:

Macy's stock tanks after 'tough' Q3 earnings report Macy's cuts full-year forecast, sends shivers through retail
(DBN)

As Seen In Bankruptcy Court: Struggling Oddball Retailers End Up With Same Pitch
(DBN)

American Apparel sales plunge 19% in third quarter, early report says
(DBN)

American Apparel fashions global expansion in face of Chapter 11
(DBN)

American Apparel's Worker Revolt
(DBN)

____________

Hollywood:

Relativity Bankruptcy: 'Hunter Killer' Producers Demand Ryan Kavanaugh Deposition
(DBN)

Relativity Taps Andrew Levin To Be President And Chief Legal Officer
(DBN)

____________

Oil/Gas:

Energy Default Alarms Get Louder as Pain Seen Lasting Into 2016
(DBN)

U.S. Crude Inventory Build Sees Oil Prices Fall Once Again
(DBN)

Warren Resources asset sale falls through over Escalera's bankruptcy filing
(DBN)

Blackhill Partners Hired as Restructuring Advisor for Black Elk Energy
(DBN)

Magnum Hunter says Chapter 11, going private on the table for Utica shale driller Magnum Hunter warns of bankruptcy for gas companies
(DBN)

Hercules Offshore No Hero Yet, But Looking Positive
(DBN)

2 companies set to bid on HOVENSA
(DBN)

Baker Hughes lays off 67 workers
(DBN)

OPEC Challenges Shale Afresh as Iraq Crude Floods Gulf of Mexico
(DBN)

OPEC holds fire on forecasts as meeting looms
(DBN)

LNG Market Just Saw Demand Collapse In This Key Nation
(DBN)

Don't mess with Texas, unless you're oil prices
(DBN)

Saudi Arabia Preparing To Fuel Its $100 Billion Oil War With Debt
(DBN)

____________

Celebs:

Debi Thomas Bankruptcy — Olympic Figure Skater Completes Finances Class As Outrage Grows About Online Fundraiser Debi Thomas’ $600,000 Debt Exposed In Documents From Olympic Medalist’s Bankruptcy Filing
(DBN)

Tim Duncan of San Antonio Spurs says ex-financial adviser cost him millions
(DBN)

Sam Wyly's art collection helps Dallas Auction Gallery net $5.3M in sales
(DBN)

Teresa Guidice May Have No Home Left after Prison
(DBN)

____________

Politics:

Winners and Losers of the Fourth Republican Presidential Debate, by the Numbers
(DBN)

The GOP Debate: Taxes, Taxes and Fewer Taxes
(DBN)

Goldbugs Take Center Stage at Republican Debate
(DBN)

GOP Candidates Stiff-Arm Minimum Wage Raise at Debate Republicans Would Like Your Vote. They Promise Not Raise Your Wages.
(DBN)

Unions Push to Establish Bloc of Low-Wage Voters
(DBN)

GOP Debate: A Split Decision on Social Media
(DBN)

Cruz Says Would Let Banks ‘on Brink’ Fail, Kasich Balks
(DBN)

'Adios, Kasich': Twitter conservatives howl in rage after Ohio governor slams Trump's 'silly' immigration plan
(DBN)

Jeb Bush team schedules post-debate call with donors Bush Supporters Relieved as Jeb Turns In Steady Debate Performance Jeb Bush Is Right on Bank Capital
(DBN)

Christie Comes Out Against S-- With Animals
(DBN)

Rand Paul: Rubio Will Bankrupt US Fireworks erupt between Marco Rubio and Rand Paul
(DBN)

MSNBC's Brzezinski Grills Trump On Bankruptcy Does telling truth matter to Trump? Donald Trump Net Worth: 5 Interesting Facts You Should Know Trump Fact Check: "We’re losing now over $500 billion a year in terms of imbalance with China." Trump's Bad Night Donald Trump says it's 'beautiful' to watch his rivals drop out Trump Doubles Down on 'Wages Are Too High'
(DBN)

Sen. Lindsey Graham delivers the most hilarious commentary of the Fox Business News debate
(DBN)

Marco Rubio is wrong: Working philosophers make almost twice as much as welders Rubio Campaign Ad Features Bush’s Praise of Him Rubio's Immigration Plan Is Three Steps to Nowhere
(DBN)

Carson Fact Check: "Every time we raise the minimum wage, the number of jobless people increases." Ben Carson is defending an odd claim about China and Syria he made during the last GOP debate
(DBN)

Clinton Leads Sanders 69% to 21% in South Carolina: Monmouth Poll
(DBN)

____________

Gambling:

New York Jumps On The Daily Fantasy Sports Bashing Bandwagon The Problem With New York’s Move Against Fantasy Sports
(DBN)

____________

Coal:

Alpha bankruptcy revives battle over Blankenship legal fees
(DBN)

How soon could an Arch Coal bankruptcy come?
(DBN)

Arch Coal May Be Fourth Billion-Dollar Coal Bankruptcy of 2015
(DBN)

Legal Maneuverings Putting Coal Miners' Futures at Risk -- Yet Again
(DBN)

What Walter Energy's bankruptcy auction could mean for the company and employees
(DBN)

Far East Energy Corp. files Chapter 7 bankruptcy, ceases operations
(DBN)

Ex-CEO of bankrupt coal firm Alpha objects to plan to drop miner benefits
(DBN)

____________

Religion:

Longest Running Catholic Archdiocese Chapter 11 Case Finally Ends
(DBN)

Winners and losers in the Milwaukee archdiocese's bankruptcy
(DBN)

Insurer says 16 diocese victims are not covered
(DBN)

____________

Autos:

With Ignition-Switch Punitives Possible, GM's 'War Room' Details Sought
(DBN)

Senator Blumenthal calling for protection, Takata faces bankruptcy
(DBN)

Volkswagen's Dealers Are Perhaps The Most Screwed In This Whole Ordeal
(DBN)

Former VW CEO steps down as Audi chairman while emission scandal investigation continues
(DBN)

____________

Marinas:

Lake Belton marina tenants won't have to ship out
(DBN)

____________

Personal Finance:

How panhandling pays in N.Y.C.: $400 in two hours
(DBN)

Why owning a home is financial suicide
(DBN)

What to say when a hiring manager asks, 'How much money do you currently make?'
(DBN)

21 lifestyle changes to make if you want to save more money
(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 (34 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (17 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)

______________

Bankruptcy Statistics:

Who is Screened Out of Social Insurance Programs by Entry Barriers? Evidence from Consumer Bankruptcies
(DBN)

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Make-Whole:

Delaware Bankruptcy Court Again Relies on SDNY's Momentive Ruling to Deny Make-Whole Claims
(DBN)

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Discharge:

Bankruptcy Case Asks Supreme Court to Decide: What Is Fraud?
(DBN)

Lien Rights: Does Discharge of a Debtor Preclude Enforcement of a Lien Against the Debtor’s Property?
(DBN)

____________

Examiners:

Examiner to be appointed in Chapter 11 bankruptcy of Colorado manufacturing exec
(DBN)

____________

Avoidance Actions:

The Tenth Circuit Joins the Sixth, Seventh and Ninth Circuits in Holding that a First-Time Transaction May Qualify for the Ordinary Course Defense under 11 U.S.C. sec. 547(c)
(DBN)

Making a Clean Break, Part II: Tenth Circuit Sheds Light on Reasonably Equivalent Value for Severance
(DBN)

____________

Plan Confirmation:

Roadmap For Avoiding The Absolute Priority Rule
(DBN)

____________

Professional Compensation:

Update on Bankruptcy Fee Shifting
(DBN)

____________

Exemptions:

Second Western District TX Judge Finds Proceeds From Post-Petition Sale Can't Be Clawed Back in Chapter 7
(DBN)

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Ethics:

Duty of Loyalty Nicely Explained
(DBN)

____________

Interest:

Delaware Bankruptcy Court Addresses When, if Ever, Unsecured Creditors are Entitled to Postpetition Interest (Part 1)
(DBN)

____________

TBTF:

JPMorgan Chase CEO: 'Banks should be allowed to fail'
(DBN)

US banks said to hold $10tn of 'risky ' trades
(DBN)

Global Banks Rewrite Contracts in Bid to Avert Lehman Repeat
(DBN)

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Corporate Reform:

Corporate Prosecutions at 10-Year Low
(DBN)

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Banking:

SEC Assailed by Judge for Triggering Cayman Bank Collapse
(DBN)

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Fraud:

Former owner of Empire Towers sentenced to 63 months in prison
(DBN)

Parsons' corporate, personal bankruptcy auctions raise nearly $7M
(DBN)

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Resorts:

Baha Mar: Minister Confirms Deal Close
(DBN)

Is A Baha Mar Takeover In The Works?
(DBN)

____________

Fish:

Judge lets Sterling off the hook
(DBN)

____________

Tax:

Privilege and Rich German Win Out in Second Circuit
(DBN)

____________

Mass Torts:

Rachel Maines on the evolution of asbestos guilt
(DBN)

____________

Hotels:

Court sets trial in Boulder Inn & Suites' bankruptcy case
(DBN)

____________

Debt Collection:

Indiana AG Opposes Robocalls from Student Loan Collectors
(DBN)

____________

Electricity:

Why Oncor’s Ring Fence Matters
(DBN)

____________

Pharma:

Valeant Creditors Spooked by Possibility of Revenue Squeeze
(DBN)

____________

Amusement Parks:

This Man Chained Himself to the Top of a Water Slide to Save His Waterpark
(DBN)

____________

Sovereigns:

Debt restructuring law against 'vulture' actions enacted
(DBN)

From Default to Darling: Argentina Bets Pay Off for Hedge Funds
(DBN)

____________

UK:

The economy needs pre-packs
(DBN)

Time to dig out your D&O policy
(DBN)

UK employment at record high but wage increase sluggish on manufacturing slump
(DBN)

This one sentence about Britain's property market is terrifying
(DBN)

____________

EU:

Europe stocks drop
(DBN)

ECB's Draghi Signals Ready to Act
(DBN)

____________

PIIGS:

Legislation cutting bankruptcy term to one year imminent - Kenny Bankruptcy legislation may happen before Christmas: Kenny
(DBN)

Portugal's Prime Minister Ousted Six Weeks After Election
(DBN)

Portugal's finance minister is worried that her country is turning into Greece
(DBN)

Creditors begin Greek reforms review ahead of strike
(DBN)

Greek unions in first general strike against leftist government Clashes break out
(DBN)

Family pleads for bail for disgraced Irish banking czar
(DBN)

Spain is threatening to cut off its richest economic region Spanish Court blocks Catalonia’s secession bid
(DBN)

____________

Canada:

Essar Steel Algoma Files for Court Protection from Creditors
(DBN)

Dufferin gold mine receiver gets go-ahead for 2nd sales attempt
(DBN)

Bombardier, Inc. Isn't an Auto Company And This Isn't 2008
(DBN)

____________

France:

French Insolvency Claims Go Online
(DBN)

____________

Russia:

Commercial court registers bankruptcy lawsuit filed by VTB against indebted Transaero
(DBN)

____________

MENA:

UAE bankruptcy law tops list of changes urged to help SMEs
(DBN)

Northern Iraq faces bankruptcy amid falling oil prices
(DBN)

____________

Austria:

Austria to sign 1.2 bln euro Heta deal with Bavaria on Wednesday
(DBN)

____________

Romania:

Insolvency lawyer wants to be Romania's PM
(DBN)

____________

Brazil:

Brazil tycoon Batista gets 5-year ban from corporate leadership
(DBN)

Brazil's OAS creditors, Brookfield near Invepar deal, sources say
(DBN)

Brazil Banks Don't Expect Bad-Loan Surge But Provision Billions
(DBN)

____________

China:

Cement firm default shows China more willing to let firms fail
(DBN)

China's Latest Default Foretold in Creditors Calling CFO Nonstop
(DBN)

China Credit Growth Falls as Tepid Economy Dents Loan Demand
(DBN)

____________

India:

India's diamond industry faces hard times
(DBN)

____________

Ukraine:

Russia Said to Plot Strategy to Block IMF Lending to Ukraine
(DBN)

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