November 6, 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:

Is there a generational divide in BigLaw? Only 3% of managing partners are from Gen X Baby Boomers dominate BigLaw leadership
(DBN)

Who's Who Legal: Canada 2015 Restructuring and Insolvency
(DBN)

King & Spalding Names New Restructuring Counsel
(DBN)

ATL Power 100: Come Get Your Prestige Points
(DBN)

Pillsbury's David Dekker: No Merger Before Spring, Not Even With Chadbourne
(DBN)

Firm rolls out work-from-home program following successful trial
(DBN)

Why Are Bar Exam Retakers Failing At Such A High Rate?
(DBN)

How Has Law School Changed Over The Decades? Alumni Speak.
(DBN)

Texas Law Professor Sued School Over Tailgate Party Injuries
(DBN)

Friday is ‘Love Your Lawyer Day’ What Are You Doing to Love Your Lawyer? On Friday, the First Thing We Do, Let’s Love All the Lawyers
(DBN)

In Tight Market, Lawyers Using More Products
(DBN)

Diversity Leader to Join Duane Morris
(DBN)

Lawyer is reprimanded for belittling opposing counsel and his case during deposition
(DBN)

Reinventing The Law Business: Spam, Spam, Spam, Eggs, Bacon, Eggs, And Spam
(DBN)

Bankers Do Battle In Obscure Courts
(DBN)

Business Cards: The Original Avatars
(DBN)

Why Blackberry’s new Priv is a challenge to iPhone
(DBN)

6 ways to show people you're really listening
(DBN)

Shock, disbelief in Ill. town after police say ‘G.I. Joe’ was leading a double life Illinois 'hero' cop ordered a hit on a village administrator months before his staged suicide Fox Made This Cop a Slain Hero, but Now They Say Nothing Personnel Records Shows Years of Complaints Against Officer
(DBN)

Public defender suit says she was terrorized by serial stalker assigned as a client
(DBN)

Ex-prosecutor who choked woman at bar while costumed as Clark Kent gets community service
(DBN)

Driver’s license may not be enough ID to board a plane
(DBN)

Attorney faces p--- charges over images found on law firm computer
(DBN)

You Aren’t As Bad At Your Job As This Guy Is At His
(DBN)

P--- scandal: Top prosecutor keeps releasing officials' raunchy emails
(DBN)

Cop Shoots Unarmed Man in Back, Cleared
(DBN)

University Releases Orwellian Social Media Policy, Hopes Students Are Too Dumb To Fight
(DBN)

Pitching The Plot Of ‘Legally Blonde 3′
(DBN)

Dying Grandmother Shreds $1.1 Million to Spite Heirs, Mete Out Justice
(DBN)

______________

Judges:

Public Notice for Reappointment of Bankruptcy Judge Harlin DeWayne Hale
(DBN)

Greenville courthouse could be renamed after bankruptcy judge
(DBN)

Scalia Takes on Katzmann in Statutory Interpretation Smackdown
(DBN)

Want a favorable ruling in court? Catch a judge right after lunch.
(DBN)

Scalia Is A Tease
(DBN)

Appeals judge absent from work 13 months agrees to voluntary unpaid suspension
(DBN)

______________

Wall Street:

U.S. stocks set for weekly gain
(DBN)

Stocks close mostly lower as Street awaits big jobs Friday
(DBN)

______________

Layoffs:

Rise of 'thinking' machines could exacerbate inequality
(DBN)

Layoffs: Outbreaks Cost 1,937 Food Workers Their Jobs in 2015
(DBN)

National and State by State Unemployment Rates
(DBN)

Animated Map of Unemployment
(DBN)

______________

Politics:

Family drama: George H.W. Bush faults son for how he handled 9/11 George H. W. Bush Was Settling Old Scores with Cheney and Rumsfeld
(DBN)

Jeb 'guarantees' NH victory as poll numbers fall GOP Voters Find Jeb Bush Likable, But His Challenges Run Deep Bush Fact Check: "My plan actually gives the middle class the greatest break: $2,000 per family."
(DBN)

Trump starts to attack Carson Ben Carson: Egyptians used the pyramids to store grain, not bury the pharaohs Ben Carson’s striking ignorance Ben Carson's bizarre theory about the pyramids, explained Ben Carson Among the Pyramids Ben Carson States, Wrongly, That Founding Fathers ‘Had No Elected Office Experience’ Ben Carson and Ted Cruz Turn Campaigning Into a Game Ben Carson’s new rap ad aims to reach young black voters ‘in a language that they prefer’ Carson: Stabbing Was of a Close Relative
(DBN)

Rubio hits back at Trump: It’s ironic that the only man in the field who’s declared bankruptcy is attacking my finances Marco Rubio (and every Republican) is hiding his tax cut's true effect on the poor How Jeb Bush and Donald Trump Have Put Marco Rubio on Defense Rubio swings back at Trump over finances From Rags to Rubio
(DBN)

Trump Fact Check: Says his plan would cut taxes without increasing the deficit. Donald Trump on SNL: Why all the controversy? Trump Entertainment sues insurers, claiming Sandy shortfall
(DBN)

Christie Off Main Stage
(DBN)

Economic Policy Splits Democrats
(DBN)

There's a problem with a common theory about Donald Trump and Ted Cruz
(DBN)

Chris Christie’s Plea For America To Change How It Deals With Drug Addiction Includes Story About Biglaw Partner Who OD’d
(DBN)

Warren wants Social Security pay increase
(DBN)

This week's elections in Kentucky and Virginia reveal the Democratic Party's peril
(DBN)

____________

Autos:

Fiat Chrysler U.S. Unit's Profit Falls 89% on Costs for Recalls
(DBN)

____________

Pharma:

Valeant is getting brutalized
(DBN)

____________

Cruise Ships:

Haimark Hopes To Cancel Bankruptcy Filing By Week's End
(DBN)

____________

Fraud:

Lawyer , Advisers Accused in $300 Million Stock Fraud Scheme
(DBN)

____________


Economy:

US jobless claims rise; third-quarter productivity posts surprise gain Applications for U.S. Jobless Benefits Reach Five-Week High Jobless claims match 2-year high Jobs report is making bond investors panicky
(DBN)

What to Watch in the Jobs Report
(DBN)

US employment seen raising December rate hike chances
(DBN)

ISM Non-Manufacturing Index increased to 59.1% in October
(DBN)

Chances of 'unexpected recession' rising: Paulsen
(DBN)

Trade Deficit decreased in September to $40.8 Billion
(DBN)

Here's what 23 top forecasters are predicting for Friday's jobs report
(DBN)

This is the real impact of a decade of low interest rates
(DBN)

What’s Driving Inequality: CEO Pay or Company Success?
(DBN)

Case for a rate hike will continue to ‘firm up,’ Fed's Lockhart says
(DBN)

The white working class is a dying breed
(DBN)

The money in America is concentrated in 5 regions
(DBN)

Deflation Risks May Warrant Radical New Central-Bank Thinking, the IMF’s Chief Economist Says
(DBN)

20 college majors where the pay goes nowhere
(DBN)

Small Business Borrowing is on the Rise
(DBN)

US Debt Clock
(DBN

Economic Indicators Dashboard
(DBN)

______________

Real Estate:

Mortgage rates surge in anticipation of Federal Reserve rate hike
(DBN)

Share of First-Time Homebuyers Falls in U.S., Now at 28-Year Low
(DBN)

U.S. Trustee Program Reaches $81.6 Million Settlement with Wells Fargo Bank N.A. to Protect Homeowners in Bankruptcy
(DBN)

____________

Municipalities:

As Puerto Rico’s fiscal crisis grows into a humanitarian one, health care looks like the first big casualty
(DBN)

Puerto Rico Electric Finalizes Pact With Bondholder Group
(DBN)

Puerto Rico's Murky Math
(DBN)

Puerto Rico Needs Access to Bankruptcy Protection
(DBN)

Greek lessons for Puerto Rico
(DBN)

Steven Rhodes: Engineer of Detroit's bankruptcy
(DBN)

Gerald Rosen: Architect of the 'grand bargain'
(DBN)

Atlantic City Rescue Bills Set to Be Law Without Christie Action
(DBN)

Municipal bankruptcies are a lot rarer than you think
(DBN)

A city broken down but not destroyed
(DBN)

____________

Corporate Reform:

Ex-Rabobank Trader Convicted in U.S. Libor Manipulation Trial
(DBN)

____________

Newspapers:

Tribune Pledges Funding for Freedom’s Bankruptcy
(DBN)

Tribune Publishing reports a loss for third quarter as advertising revenue is flat
(DBN)

____________

Hedge Funds:

Weak performance dragging down hedge fund pay What Hedge-Fund Guys Make in Bad Years
(DBN)

____________

Healthcare:

Judge Orders Immediate Closure Of Hutcheson Medical Center; Assets To Be Sold Dec. 3 Hutcheson workers told hospital will shut down Dec. 4
(DBN)

Drug Overdoses Kill More Americans Than Car Crashes or Guns
(DBN)

Bankrupt Insurer Leaves Many New Yorkers in the Lurch
(DBN)

____________

Food/Beverage:

Leigh Catherall files for bankruptcy protection for two Here to Serve restaurants
(DBN)

More A&P Store Sales Win Bankruptcy Judge's Blessing
(DBN)

An up-and-coming sandwich chain that mysteriously declared bankruptcy is back in action 100 Montaditos Emerges from Chapter 11 Reorganization
(DBN)

____________

Electricity:

Fairness to creditors the focus as Energy Future Holdings bankruptcy trial begins
(DBN)

____________

Oil/Gas:

U.S. review of banks could spell trouble for energy companies
(DBN)

Oil prices rise
(DBN)

Oil companies are learning to do more with less
(DBN)

Oil Slump Forces Deep Cuts by Service Providers
(DBN)

Apache posts multibillion-dollar loss as oil production slips
(DBN)

Hercules Offshore could emerge from bankruptcy protection soon Moody's assigns Caa1 to Hercules' term loan; negative outlook
(DBN)

China keeping an eye on surging U.S. oil and gas production
(DBN)

Exxon Mobil Investigated in New York Over Possible Lies on Climate
(DBN)

EOG Resources posts $4.1 billion loss on impairment
(DBN)

Escalera Resources Files Voluntary Bankruptcy Petition Under Chapter
(DBN)

Transocean will reduce fleet to meet tough market
(DBN)

Impairment charge drives Linn Energy into third-quarter loss
(DBN)

'Peak Demand' Means World May Never See Oil at $100 a Barrel Again
(DBN)

U.S. Oil & Gas Company Earnings Take a Huge Hit in Q3 2015
(DBN)

It's a gusher! October layoffs by oil industry companies
(DBN)

Denver-Based E&P Company Ceases Operations; Lays Off 106 Employees
(DBN)

$50 is the new $80 in the oil industry
(DBN)

____________

Religion:

Lawyer to congregation: Pastor hindering church’s exit from bankruptcy
(DBN)

Gallup Diocese faces huge bills, possible civil suits
(DBN)

____________

Aviation:

The Pilot Now Makes $40 an Hour. Who Pays?
(DBN)

____________

Hollywood:

Relativity Is A “Fraud” Claims Neal Moritz; Wants ‘Hunter Killer’ Pic Back Moritz Group Says Hedge Funds Back Relativity ‘Sham’
(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 (29 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (23 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:

Bankruptcy Filings Climb in October
(DBN)

______________

Miscellaneous:

Coming and Going Concerns
(DBN)

____________

Avoidance Actions:

Seventh Circuit Holds Transferee Liable for Decline in Value of Fraudulently Transferred Stock
(DBN)

____________

Jurisdiction:

Be Careful — You Might Consent to Adjudication in Bankruptcy Court Even If You’ve Expressly Said You Don’t
(DBN)

SDNY Transfers Delaware Trust Company V. Wilmington Trust N.A. Intercreditor Dispute To Delaware Bankruptcy Court, Reaffirming Broad View Of Bankruptcy Jurisdiction
(DBN)

____________

Cross-Border:

Foreign Borrower’s Rights in Indenture Ruled Sufficient to Meet Second Circuit’s Controversial Chapter 15 Eligibility Requirement
(DBN)

____________

Involuntary Bankruptcy:

Ever Considered Filing an Involuntary Bankruptcy Petition? Then You Need to Review this Case
(DBN)

____________

Plan Confirmation:

Second Circuit Articulates The Standard For The Extinguishment Of Liens Under A Chapter 11 Bankruptcy Plan
(DBN)

____________

Insurance:

Ten Mistakes Companies Make When Buying D&O Insurance –A Litigator’s Perspective
(DBN)

____________

Bankruptcy Crimes:

Woman hid life insurance proceeds from husband's death
(DBN)

____________

Finance:

John Thain: CIT Went Through Bankruptcy Fine
(DBN)

____________

Shipping:

Shipping giant Moller-Maersk sees 48% drop in profits
(DBN)

____________

Celebs:

Burt Reynolds Isn't Broke, but He's Got a Few Regrets
(DBN)

‘Dance Moms’ Season 6 Would not be Affected by the Bankruptcy Fraud Charges Against Abby Lee Miller
(DBN)

American Apparel Founder Says He's Broke and Can't Afford Lawyer
(DBN)

____________

Coal:

Walter Energy Enters Into Asset Purchase Agreement with Company Formed by its Senior Lender Group Walter Energy to auction assets under new agreement
(DBN)

Bankrupt coal company Alpha seeks to drop miner benefits
(DBN)

____________

Education:

Mid-Continent University tries to settle bankruptcy objection
(DBN)

____________

Gambling:

Caesars examiner delays delivery of pre-bankruptcy investigation
(DBN)

____________

UK:

Leave or Remain – What the UK referendum on EU membership means for Restructuring and Insolvency Lawyers
(DBN)

London Lure for Troubled Firms Threatened by Spanish Gamble
(DBN)

The charts that keep the Bank of England from raising rates
(DBN)

City Link 'hopelessly' insolvent before Christmas, court told
(DBN)

Richard Rufus stole almost £9 million through 'Ponzi' fraud, judge rules
(DBN)

Scam victims' details placed on 'suckers list' and sold to other scammers
(DBN)

____________

Canada:

Universities 'scrambling' to check private donor contracts
(DBN)

____________

India:

Bankruptcy law to help debt-heavy companies
(DBN)

India to Recast $76 Billion Debt at Ailing Power Retailers
(DBN)

Centre’s Bankruptcy Law Reform: Whooshing the Weasel
(DBN)

Why not have a US Chapter 11-equivalent in the bankruptcy code?
(DBN)

____________

MENA:

Small Biz Loan Default Has UAE Banks In A Panic
(DBN)

____________

Brazil:

Credit Suisse's Brazil CEO Sees Crisis Dragging On for Years
(DBN)

____________

Russia:

Russian Banks Face More Pain
(DBN)

Russian Salmon Producer Files for Bankruptcy
(DBN)

____________

China:

Oaktree struggling to capitalize on rising China distress
(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