October 13, 2015

The Daily Bankruptcy News

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Law:

Are the Dewey Defendants Guilty? Who Cares? Law Firms Still Do What Dewey Did, Says Greenberg Traurig CEO
(DBN)

Uh-Oh! Super-Rich Biglaw Firm Is Trimming Its Ranks
(DBN)

Which Firm Just Gave Its First Years A $20,000 Raise?
(DBN)

Lawyers Seek $42 Million Payday in MF Global Litigation
(DBN)

Is the Sun Rising or Setting on the Legal Profession?
(DBN)

The Top 10 Geographic Markets Where Women And Minorities Succeed In Making Partner
(DBN)

The New Frontier for Law Firm Profitability: Ad Hoc Counsel
(DBN)

Laura Ketcham Joins Miller & Martin
(DBN)

Say these 3 simple words if you want your boss to trust you
(DBN)

Why Can’t I Tell Who’s Good Anymore?
(DBN)

The lawyer advertising double standard
(DBN)

Finance Firm Makes Case to Support Law Firms’ Year-End Results
(DBN)

What Notes? Gibson Dunn Subpoena Spat Highlights Common Practice
(DBN)

Don’t Worry About The Debt, It’s A Great Time To Go To Law School!
(DBN)

10 things the gun industry won’t tell you 2 school shootings in a day is shocking. But there are 92 gun deaths on average each day There have been 1,001 mass shootings in America since 2013
(DBN)

Protesters Greet Obama in Oregon After College Shooting
(DBN)

Opinion disbarring ‘unrepentant’ lawyer cites disparaging emails, intentional smirking
(DBN)

Woman stops intruder with medieval combat skills, sword
(DBN)

Report: Police Used Reasonable Force in Killing 12-Year Old Boy With Toy Gun
(DBN)

New Law Cracking Down On Prosecutorial Misconduct
(DBN)

Cops: Florida Woman, 23, Used Periscope To Live Broadcast Her Drunk Driving
(DBN)

That Time When NYPD Broke An NBA Player’s Leg For No Reason
(DBN)

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Judges:

Federal bankruptcy court to move from Manchester to Concord
(DBN)

Federal Judge Kenneth Meyers, former bankruptcy judge, to retire after 40 years serving Southern Illinois
(DBN)

Interview of Irving E. Walker at the 2015 Views from the Bench @ Georgetown Law Center
(DBN)

Interview of Jessica C.K. Boelter at the 2015 Views from the Bench @ Georgetown Law Center
(DBN)

Interview of Mark D. Collins at the 2015 Views from the Bench @ Georgetown Law Center
(DBN)

Judge Berates a Female Abuse Victim
(DBN)

The Best Crazy Cases and (Unintentionally) Funny Opinions
(DBN)

Congress Could Force SCOTUS Broadcasts
(DBN)

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Wall Street:

Dow set to halt 7-day runup
(DBN)

Global shares fall as Chinese data dims economic outlook Global Stocks Slide With Metals After Chinese Imports Tumble
(DBN)

S&P 500 notches best weekly gain for 2015
(DBN)

This stat suggests 90% chance stocks to fall: BofA
(DBN)

Worst-to-first stocks may signal only a bear bounce
(DBN)

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Layoffs:

A WARNing to Directors and Officers — Failure to give proper WARN Act notice may breach your fiduciary duty
(DBN)

Twitter planning company-wide layoffs: report
(DBN)

Chevron extends job cuts to global trading desks
(DBN)

UCare cutting workforce by nearly 250 people
(DBN)

National and State by State Unemployment Rates
(DBN)

Animated Map of Unemployment
(DBN)

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Politics:

Donald Trump's 4 Biggest Failures Trump’s 1990 attack on a Wall Street analyst Condo Owners To Trump: You're Fired! Is Donald Trump's new plan for Social Security crazy? What Trump's immigration wall could cost the US Donald Trump: 'Sometimes' I carry a concealed handgun because 'I feel much better being armed' No, Making Fun Of Donald Trump’s Stupid Red Hat Isn’t Trademark Infringement
(DBN)

Sanders invites contrast with Clinton ahead of debate The 6 biggest policy differences between Bernie Sanders and Hillary Clinton Sanders: Trade Policies Have Been ‘Disaster’ for American Worker Sanders Says He's Long Held Positions That Clinton's Now Adopting Hillary Clinton and Bernie Sanders are pandering to liberals with a big myth about prisons
(DBN)

Before Debate, Hillary Lurches Left Clinton Drops 10 Points in 7 Days 9 questions about Benghazi you were too embarrassed to ask Hillary Clinton may be ready to break up the big banks
(DBN)

Four big differences between the leading Democratic candidates ahead of Tuesday’s debate
(DBN)

Carson supporter: Jewish timidity caused the Holocaust Ben Carson Insists Holocaust Comments 'Not Hyperbole at All' Ben Carson's far from the only conservative saying gun control caused the Holocaust Low Interest Rates Are Hurting Poor, Carson Says Carson Says Voters Back Him Because He’s Not a Politician Carson Compares Media to Used Car Salesmen Was Ben Carson Really Held at Gunpoint?
(DBN)

Ted Cruz: Donald Trump won't win nomination
(DBN)

Leading Republican Ryan reconsiders House speaker run: lawmakers Mark Cuban to run for House speaker? It's possible Gingrich: Hey, I'm Here if You Need A Speaker Darrell Issa: I may run for House speaker Some conservatives quietly campaign against Ryan for speaker Everyone wants to be president. No one wants to be House speaker. Tormented Establishment Republicans Ponder Their Next Mo5 Reasons Nobody Wants to be House Speaker ve The House Freedom Caucus, explained Chris Christie Says Americans Don't Care Who's House Speaker The House Speaker Drama Should Scare You At least one Republican wants Dick Cheney for House speaker
(DBN)

These are the 7 possible paths forward for the House GOP
(DBN)

Ben Carson Fact Check: "In the class of 1968 at Patrice Lumumba University in Moscow, Mahmoud Abbas was one of the members of that class, and so was Ali Khamenei. And that's where they first established relationships with the young Vladimir Putin."
(DBN)

What GOP is missing about 40 percent of voters
(DBN)

Why the House GOP is such a s---show
(DBN)

Troubled board: IL prison board members forced out over bankruptcy inaccuracies
(DBN)

Obama gives Kanye West some tips for his presidential run
(DBN)

Democratic debate to focus on policy, not personality
(DBN)

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Corporate Reform:

Mortgages, debt collectors top list of consumer complaints
(DBN)

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Guns:

Colt Defense Files Plan of Reorganization and Disclosure Statement Colt Defense, 179-Year-Old Gunmaker, Nears Exit From Bankruptcy
(DBN)

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Aviation:

Boeing Set To Lose Orders As Transaero Files For Bankruptcy
(DBN)

Some travelers love to hate the new discount airlines
(DBN)

Don't throw out your boarding pass. Hackers can use it
(DBN)

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Finance:

House gets votes for possible ExIm reauthorization
(DBN)

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Computers:

Apple's Mac sales suffer steep drop in sales
(DBN)

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Coal:

Hillary Clinton Claims Victory on Coal Miner Bankruptcy Settlement
(DBN)

Coal miners to rally against possible benefit cuts
(DBN)

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Bankruptcy Crimes:

Littleton couple indicted on bankruptcy and tax fraud
(DBN)

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Hollywood:

Relativity Bankruptcy: What Happened And What’s Next?
(DBN)

Montgomery County Will Foot The Bill In Failed Movie Studio Project Lawsuit
(DBN)

S-- Workers Say 'Life-Changing' Relativity Show Never Delivered
(DBN)

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Paper:

Lincoln Paper finds potential buyer to begin auction at $5M
(DBN)

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Fraud:

TelexFree Bankruptcy Trustee Seeks Ruling on Alleged Fraud
(DBN)

Vermont AG warns of scam calls targeting bankruptcy filers
(DBN)

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Lehman:

Former Lehman Trader Loses Bid for a 'Double-Dip' Bonus of $83M
(DBN)

Fuld a Big Bore After Avoiding Lehman During Student Talk
(DBN)

JPMorgan Scores Major Victory in Ongoing Lehman Bankruptcy
(DBN)

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Gambling:

Caesars Entertainment Corp Rating Lowered to Sell
(DBN)

Stockton spent nearly $8M since Showboat purchase, report says
(DBN)

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Tech:

GT Advanced Technologies seeks to sell Hyperion business
(DBN)

Apple on track for worst year since '08—What's next?
(DBN)

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Distressed Investing:

Bond predators humbled by distressed bets
(DBN)

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Religion:

Archdiocese of Milwaukee incurs $384,000 in fees for publishing notices in New York Times, others
(DBN)

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Fairs:

Fairgrounds for sale in Jonesboro
(DBN)

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Economy:

US wholesale inventories rise slightly in August
(DBN)

CBO: Fiscal 2015 Budget deficit decline to 2.4% of GDP
(DBN)

Small businesses still not very optimistic: NFIB
(DBN)

U.S. Recession Probability Jumps to Highest Since Oct. ’13
(DBN)

Goldman: Expects Participation Rate to decline 0.25% per year, Unemployment Rate to below 4.5%
(DBN)

Goldman: This is the third wave of the financial crisis
(DBN)

The world economic order is collapsing and this time there seems no way out
(DBN)

Citi's Buiter: World faces recession next year
(DBN)

Consumer Loan Delinquencies Decline in Second Quarter
(DBN)

Fed seems ready to deploy negative rates in next crisis
(DBN)

Buried in Fed minutes is another downgrade to the U.S. economy
(DBN)

Bernanke tells tale of dodging depression Ben Bernanke's Chutzpah
(DBN)

Social Security benefits unlikely to rise next year: report
(DBN)

Fed Officials See 2015 Rate Rise Provided Economy Stays on Track Fed's Fischer says 2015 US rate rise 'an expectation, not a commitment' Fischer Says Global Outlook Weighs More on Fed Than in Past Fed's Dudley sounds skeptical about October interest-rate hike Fed's Evans: Hike rates, just keep them under 1% Fed’s Brainard joins the doves
(DBN)

Under the Hood of U.S. Import Prices Was a Reason for Fed Delay
(DBN)

Stiglitz Says Fed Should Wait as Treasury Yield Calls Are Cut
(DBN)

Dudley: Market raised questions about global economy
(DBN)

Larry Summers’s call for fiscal stimulus falls on deaf ears
(DBN)

Debt ceiling fail could get really ugly
(DBN)

How U.S. consumers have used gas savings
(DBN)

5 reasons Americans are not saving money
(DBN)

Hotel Occupancy: 2015 on pace for Best Year Ever
(DBN)

Q3 Review: Ten Economic Questions for 2015
(DBN)

Demographic Impacts: Renting vs. Owning, Labor Force Participation, GDP
(DBN)

The 'Icahn bottom'? Where his call for doom stands
(DBN)

77.5 Million Households Are Not Paying Federal Income Taxes
(DBN)

It's time to start talking about a US recession Is the Next U.S. Recession Looming?
(DBN)

Concerns about the global economy are so far just that
(DBN)

The US economy is at risk, and the warning is coming from 'the lowest of the low'
(DBN)

Every country's debt, mapped
(DBN)

America is in the middle of a demographic shift
(DBN)

John Burbank warns of liquidity crisis
(DBN)

Excuses already piling up on Q3 earnings: Here are the most popular
(DBN)

Minimum wage means 100-hour weeks in these states
(DBN)

5 of the biggest reasons Americans are unhappy
(DBN)

These are the scenarios that scare fund managers the most
(DBN)

Are millennials doomed financially?
(DBN)

A major investment bank just broke down the world's astonishing and warped distribution of wealth
(DBN)

Higher taxes on the rich actually wouldn’t lower inequality that much
(DBN)

It’s not just the banks – our companies too are now 'too big to fail'
(DBN)

US Debt Clock
(DBN

Economic Indicators Dashboard
(DBN)

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Real Estate:

Chinese all-cash buyers of U.S. homes have tripled
(DBN)

Sacramento Housing in September: Sales up 13%, Inventory down 19% YoY
(DBN)

"Is 2015 Peak Renter?"
(DBN)

Update: Framing Lumber Prices down Sharply Year-over-year
(DBN)

Georgia real estate investor pleads guilty to bid rigging in foreclosure auctions
(DBN)

The 1-year lease a thing of the past: CEO
(DBN)

Slow Death of Large Grocery Stores Leaves Shopping Centers Without Anchor Tenants
(DBN)

Empire Ranch bankruptcy case in Carson City still ongoing
(DBN)

Freddie Mac sells off $305 million in seriously delinquent mortgages
(DBN)

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Municipalities:

Puerto Rico: Bankruptcy or Bailout?
(DBN)

Puerto Rico may be unable to avoid bond defaults, adviser says
(DBN)

Commentary: San Bernardino is not bankrupt at all San Bernardino creditors attack city's debt payment plan Overdue San Bernardino audits argued over Put pensions on the table
(DBN)

Dismissed Detroit Appeal Could Factor in Jefferson County Case
(DBN)

Chicago Public Schools chief charged with fraud; she plans to plead guilty to taking bribes
(DBN)

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Oil/Gas:

Oil futures settle with a 9% weekly gain Oil Prices Recover Some Ground But Long-Term Problems Remain
(DBN)

Oil Surplus to Persist in 2016 as IEA Sees Demand Growth Slowing
(DBN)

US Shale Firms Snap Up $50 Oil Hedges, Risking Rally Reversal
(DBN)

Oil demand growth to slow but OPEC keeps pumping OPEC pumps most crude in three years
(DBN)

Many oil companies “virtually abandoning” exploration
(DBN)

Phillips 66 cuts its capital budget nearly 20 percent
(DBN)

Apocalypse Not-Quite-Now for Oil Producers
(DBN)

Oil futures briefly top $50 as US oil drilling-rig count drops Is the oil rally for real?
(DBN)

Oil exports matter in politics but not economics
(DBN)

How the oil crash has dictated 2 very different US economic stories
(DBN)

Judge opens up bidding for HOVENSA assets Court filings: HOVENSA brass got rich payouts HOVENSA payments
(DBN)

Canadian pension funds bet on a high-carbon future
(DBN)

U.S. Drillers Idle Rigs for 6th Week as Oil Lingers Near $50
(DBN)

BP 's chief economist said concerns about climate qualms means the world's oil reserves will never be used up
(DBN)

Wind energy is as cheap as natural gas, and solar isn’t far behind
(DBN)

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Retailing:

Amazon Handmade could craft doom for Etsy
(DBN)

Gap downgraded as Banana Republic sales extend their decline
(DBN)

What American Apparel Bankruptcy Means For The 'Made In America' Market
(DBN)

Hedgies in unexpected race to control Quiksilver amid bankruptcy Oaktree Set to Combine Quiksilver, Billabong
(DBN)

American Apparel's Bankruptcy Filing: Ousted CEO Is A Threat American Apparel ex-CEO Dov Charney could thwart bankruptcy plan
(DBN)

Christmas cutback? Another troubling sign for the holidays
(DBN)

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Autos:

VW may compensate owners of diesel cars for loss of value
(DBN)

EPA's New Volkswagen Probe May Reveal Failure to Disclose
(DBN)

Volkswagen to cut investment by $1 billion a year
(DBN)

VW credit downgraded by Standard & Poor’s
(DBN)

VW Execs Describe Authoritarian Rule
(DBN)

How VW scandal will shake-up the auto industry
(DBN)

Car dealerships normally make a killing from recalls, but not so with Volkswagen
(DBN)

Another four car makers fail diesel emissions tests
(DBN)

German Investor Confidence Drops as Volkswagen Woes Damp Outlook
(DBN)

EU Bank Chief Could Recall VW Loans
(DBN)

Leonardo DiCaprio is making a movie on the Volkswagen scandal
(DBN)

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Personal Finance:

Beware of Cashing in on Credit Card Hopping
(DBN)

How A Conversation About Bankruptcy Changed One Couple's Life
(DBN)

Saying 'I do?' Your budget says 'I don't!'
(DBN)

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Alternative Energy:

Investor says Smith Electric Vehicles is near bankruptcy
(DBN)

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Food/Beverage:

Emerging from bankruptcy, Saladworks re-entering Texas market with new Irving restaurant
(DBN)

Haggen workers' union calls for slowdown in sell-off of stores
(DBN)

Uncertainty Looms As Six A&P-Owned Locations Remain Unsold, Report Says
(DBN)

Progreso Produce owner indicted again, this time with his wife
(DBN)

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Resorts:

Bahamas resort negotiations resume
(DBN)

Bahamas Luxury Resort May Open Early in 2016, Official Says
(DBN)

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Pensions:

Teamsters Pension Crisis Hints at Deeper Problems for Retirement Funds
(DBN)

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Mining:

Glencore shares are sinking again
(DBN)

Thompson Creek Metals: Bankruptcy Is Looming
(DBN)

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Agriculture:

Criminal probes of Southwest Michigan farm fraud continue
(DBN)

Thorpe family challenges auction sale of their Upper Makefield farm
(DBN)

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New Bankruptcy Opinions
(8 new opinions today - DBN)

Bankruptcy Court Web/Pacer Site Directory

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

Recent Ch. 11 Filings (21 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (67 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)

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Miscellaneous:

The week Ahead
(DBN)

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Substantial Contribution:

Sixth Circuit “Contributes” to Section 503(b)(3)(D) Debate – Holds Substantial Contribution Claim is Available in a Chapter 7 Case
(DBN)

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Sales:

Secured Creditors in Section 363 Sales Be Aware - Your Proceeds May Be Used to Satisfy the Debtor's Unpaid State Tax Liabilities
(DBN)

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Dismissal:

Bankruptcy Court Sheds Light on Effect of Section 1112(b) Case Dismissal on Section 365 Lease Rejection Order – Section 349 Answers the Question
(DBN)

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Student Debt:

The latest employer offering to pay off student loans: A b------
(DBN)

Should grads be allowed to declare bankruptcy on student loans?
(DBN)

Yes, You Can Discharge Student Debts And The Feds Want To Make It Even Easier
(DBN)

$15,000 in Student Debt and Counting
(DBN)

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Celebs:

What Bill Gross's Pimco lawsuit is really about
(DBN)

How to avoid going from riches to rags
(DBN)

Cosby testifies for seven hours in abuse suit, lawyer says 27 Cosby Accusers on One NBC Program
(DBN)

Actor Randy Quaid arrested in Vermont at U.S.-Canada border
(DBN)

50 Cent has listed his massive mansion for millions less 50 Cent's Connecticut Mansion Still Won't Sell—Here's Why
(DBN)

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Privacy:

Dow Jones: We were hacked, client data exposed
(DBN)

____________

Education:

This could be the beginning of the end for America's largest for-profit college
(DBN)

How a team of prison inmates beat Harvard at a debate
(DBN)

For-Profit Colleges Accused of Fraud Still Receive U.S. Funds
(DBN)

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Weather:

Rain to fall as South Carolina recovers from massive flood Significant losses likely after storm
(DBN)

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Amusement Parks:

Judge to hear arguments on Conneaut Lake Park reorganization
(DBN)

Conneaut Lake Park's creditors may file a bankruptcy plan for park
(DBN)

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Startups:

Mattermark names troubled unicorns
(DBN)

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Mass Torts:

Approval of bankruptcy plan frees settlement money for Lac Megantic victims
(DBN)

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IP:

Coral Springs' Vutec files for bankruptcy with patent dispute looming
(DBN)

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Healthcare:

San Antonio hospital’s landlord files for bankruptcy San Antonio hospital building for sale after bankruptcy
(DBN)

EPCH: Bankruptcy settlement on track
(DBN)

Public boards to vote on Children's bankruptcy
(DBN)

Valitas cut to CCC by S&P on expected loan covenant breach
(DBN)

Counselors from closed mental-health centers worried about their patients
(DBN)

____________

Sovereigns:

'Vulture funds dispute not to be easily settled'
(DBN)

Russia not discussing plans to restructure Ukraine's debt
(DBN)

Ukraine Debt Vote Gets Boost as Rebel Bondholders Approve Deal
(DBN)

The 'big three' credit rating agencies questioned by UN for their 'subjectivity'
(DBN)

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UK:

Stay of execution for insolvent UK steelworks
(DBN)

Redcar steelworks’ last hopes snuffed out
(DBN)

Changes to the insolvency regime
(DBN)

U.K. inflation falls back into negative territory
(DBN)

Steel company missed pension payments before insolvency - reports
(DBN)

Couple take on Royal Bank of Scotland for £33 million compensation
(DBN)

U.K. Solar Chief Sees More Job Losses After 1,000 Posts Lost
(DBN)

Sports Direct CEO faces criminal charges over USC collapse
(DBN)

____________

EU:

Europe's crisis of confidence
(DBN)

EU gets ready to lock up, deport migrants
(DBN)

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PIIGS:

S&P cuts ratings on Catalonia
(DBN)

David Drumm: from Anglo to bankruptcy to arrest Ex-Anglo Irish CEO Arrested in U.S. Pending Extradition Hearing
(DBN)

'Bad bank' path worn by Ireland and Spain looks steep for Greece
(DBN)

ie: Debt restructuring falls in Q3
(DBN)

Bankruptcy probe into Renzi's dad continues
(DBN)

Santander Says Portugal Owes $1.6 Billion on `Snowball' Swaps
(DBN)

___________

Canada:

Judge approves U.S. Steel transition plan, suspends retiree benefits
(DBN)

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Germany:

Historic German nutcracker company declares bankruptcy
(DBN)

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China:

China imports collapse in September, exports remain weak
(DBN)

China is becoming a big red flag for U.S. stocks
(DBN)

Rising bankruptcies in China could signal Japanese-style 'lost decade'
(DBN)

Bankruptcies in China pose challenge for foreign creditors
(DBN)

Default Looms for Chinese Solar Company
(DBN)

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Russia:

First Bankruptcy Petition Against State Duma Deputy Filed in Russia
(DBN)

Russia Said to Eye Drastic Budget Measures to Rev Up Economy
(DBN)

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Honduras:

Hondutel needs US45mn to avoid bankruptcy in 2016
(DBN)

Honduran bank slated for liquidation remains closed
(DBN)

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Australia:

Federal Court confirms that leave of the Court is not required under the Bankruptcy Act to sue a former bankrupt after an annulment of bankruptcy by way of composition
(DBN)

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Seychelles:

A $200 Million Dollar Shell Game in Seychelles - One of the world's richer men allegedly used bankruptcy for fun and profit
(DBN)

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Bahamas:

Bahamas Urged To Adopt Corporate 'Rescue Culture'
(DBN)

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MENA:

Insolvency Reform in United Arab Emirates on the Horizon
(DBN)

Hedge funds have upper hand in Drydocks World $2.3bn debt restructuring talks
(DBN)

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Netherlands:

One in five Dutch hospitals in financial trouble
(DBN)

500 jobs go in latest high street bankruptcy
(DBN)

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Brazil:

In Brazil, the Dangerous Game of Bottom Fishing Is Under Way
(DBN)

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Austria:

Austria eyes resolution on ‘Greek’ province
(DBN)

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Malaysia:

What Moody's Is Watching as Malaysian Credit-Default Swaps Soar
(DBN)

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