October 14, 2015

The Daily Bankruptcy News

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3-Column Formating

 

Law:

Jury in Dewey Trial Makes Progress - Former law-firm executives acquitted on more counts, but most serious charges remain Dewey Execs Escape More Charges Amid Jury Confusion Ex-Dewey & LeBoeuf Execs Acquitted of Some Additional Counts Jury in criminal trial of Ex-Dewey & LeBoeuf execs deadlocked on most counts Dewey Jury Remains Stuck Over Most Counts Against Executives Deliberations resume
(DBN)

Spending in Law Departments is Rising, But the Money Isn’t Going to Law Firms
(DBN)

Citi Report Finds Law Firm Leaders' Confidence on the Wane
(DBN)

Law Firm As Collaboration Station
(DBN)

There Is No ‘Esq.’ in ‘Team’
(DBN)

Beyond Biglaw: Costly Free Advice
(DBN)

Linklaters Seeks Work/Life Balance Ideas In-House
(DBN)

What To Do When A Law School Doesn’t Want You? File A Lawsuit About It!
(DBN)

Does law school’s ‘critical mass’ policy amount to segregation? Dean says it combats stereotypes
(DBN)

People You Meet At Your Job Talk
(DBN)

Judge Wants to Know: Is iPhone Unlockable?
(DBN)

Don’t Worry, Law Firms, Your Clients Still Want You
(DBN)

Pro Se Defendant Writes The Answer Every Lawyer Wishes They Could
(DBN)

Myths of the Digital Native (Part 2)
(DBN)

What? Aunt sues nephew after enthusiastic birthday hug
(DBN)

Lawyer convicted of murder, then granted new trial, has conviction reinstated
(DBN)

Massachusetts lawyer is arrested in slaying of man who claimed to be a diamond runner
(DBN)

Rebel Flag Fans Face Gang Charge for Crashing Black Kid's Party
(DBN)

Brit, 74, facing 350 lashes at public flogging
(DBN)

Dad S--ted as Boy Died in Hot Car, Judge Hears
(DBN)

The dentist who killed Cecil the Lion is off the hook
(DBN)

Our New World: Shooting a 12 Year Old is OK
(DBN)

Lawyer opens up about his criminal past as a heroin dealer From Criminal To Criminal Defense Lawyer: A Former Drug Dealer Makes Good
(DBN)

How California's Largest School District Blamed an 8th Grader for Her R---
(DBN)

And The Award For ‘Worst Spinster In The World’ Goes To…
(DBN)

Potential juror who disregarded judge’s order is sentenced to additional jury duty
(DBN)

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Judges:

Justice Kennedy's Political Casino
(DBN)

______________

Wall Street:

Stock futures on pause
(DBN)

Dow 7-day win streak snaps as earnings kick into gear
(DBN)

This unusual options trade signals Wall Street bracing for black swan
(DBN)

______________

Layoffs:

Twitter to Cut Up to 8% of Workforce in Effort to Sharpen Focus
(DBN)

C&S, dinged by A&P collapse, announces layoffs
(DBN)

Construction Workers ‘Left the Business and They Didn’t Come Back’
(DBN)

National and State by State Unemployment Rates
(DBN)

Animated Map of Unemployment
(DBN)

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Marketing:

President of bankrupt company seeks financing to buy son's company out of receivership
(DBN)

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Retailing:

The Future of American Apparel Has American Apparel Inc Finally Bitten The Dust?
(DBN)

____________

 

Celebs:

‘Sister Wives’ Kody Brown Meri Brown Dark Money Secrets — Polygamist $230K In Debt, Income, Expenses Revealed In Bankruptcy Filing
(DBN)

50 Cent is about to take a huge hit selling his 18.5 million dollar mansion
(DBN)

____________

Banking:

J.P. Morgan to staff: No more free BlackBerry for you
(DBN)

____________

Video Games:

House committee finalizing plans for 38 Studios hearings
(DBN)

____________

Social Media:

Who Owns the Social Media Accounts in a Closely Held Business?
(DBN)

____________

Pensions:

Central States Pension Fund Submits ‘Rescue Plan’ Seeking Approval to Reduce Benefits
(DBN)

Pension Overpayment: I Owe $67,000
(DBN)

____________

Defaults:

2015 US High-Yield Default Rate Outlook Boosted to 3.5%
(DBN)

____________

Horse Racing:

Casino Glut Adds to Some Racetracks' Woes
(DBN)

____________

Healthcare:

The Continuing Bayou Shores Saga – An Appeal and, Perhaps, a Circuit Split
(DBN)

Health-Insurer Shutdown Jolts N.Y. Marketplace As Health Republic warns of layoffs, physicians are urged to take note
(DBN)

Nonprofit Kentucky Insurer Is Latest Co-op Casualty
(DBN)

How the largest Obamacare co-op went broke
(DBN)

Kentucky co-op blames low risk-corridor funding for closure
(DBN)

____________

Television:

Relativity TV Buyers to Pump in Additional $60 Million
(DBN)

Relativity Television's Employees Expected to Remain After Purchase
(DBN)

____________

Mass Torts:

Models of Closure in Mass Torts: A Comment on 'The Mass Tort Bankruptcy : A Pre-History
(DBN)

Lawyer for victims' kin vows to sue railroad over derailment
(DBN)

____________

Student Debt:

CFPB Reports on Student Loan Servicer Failures
(DBN)

John Boehner's student loan legacy
(DBN)

____________

Mining:

Molycorp's Biggest Shareholder Molymet Planning to Bid on Miner's Assets Molycorp shareholder Molymet said to be planning bid on assets
(DBN)

____________

Banking:

JPMorgan Third-Quarter Profit Increases 22% on Tax Benefits
(DBN)

____________

Aviation:

Woman Kicked Off AA Flight, Passengers Boo
(DBN)

____________

Economy:

Bullard says 'tough' for Fed to reverse course and hike rates in October
(DBN)

Is that a recession that lies just around the corner?
(DBN)

The US is closer to deflation than you think
(DBN)

One Chart Shows Why You Should Expect a Raise
(DBN)

Europe shows our idea of QE was wrong
(DBN)

Research Shows Recovery in Consumer Confidence U.S. Economic Confidence Index Steady at -12
(DBN)

‘Maddening’ Fed just confuses: Plosser
(DBN)

BofA: Inequality to Drive Massive Policy Shift
(DBN)

Black swan risk rises to highest level ever
(DBN)

Why Wealth Inequality Is Way More Complicated Than Just Rich and Poor
(DBN)

7 Bland Takeaways on the Global Economy
(DBN)

U.S. Rich Follow Rockefeller's Lead in Hunt for Loopholes
(DBN)

Millennials worry about the affordability of life itself
(DBN)

This state has the savviest savers, investors Hawaii Leads U.S. in Financial Well-Being; Mississippi Last
(DBN)

Hawking: Technology Made Inequality Worse
(DBN)

A doomsday plan for the 1%: fine wine, flat screens
(DBN)

Paul Krugman and Brad DeLong Ponder the ‘Star Trek’ Economy
(DBN)

Truck Driver Wages are Surging
(DBN)

Under 30? Good Luck Finding That Job
(DBN)

More than Half of Mega-Mergers Disappoint
(DBN)

US Debt Clock
(DBN

Economic Indicators Dashboard
(DBN)

______________

Real Estate:

Landlord's Corner
(DBN)

Foreclosures down more than 25% since August 2014
(DBN)

Mortgage volume gives back big gains, down 28%
(DBN)

Delaware Bankruptcy Court Holds Section 502(b)(6) 15% Cap Applies to Time, Not Rent
(DBN)

Pre-Petition Sublease Termination Not Avoidable Where Termination Is Valid under State Law
(DBN)

Secured Creditor and Purchaser of Mortgage Debt Portfolio Cannot Claim Lack of Privity with Debtor
(DBN)

Chaim Miller finds himself sued up tight
(DBN)

Bank servicers’ subprime loans see higher losses than nonbank servicers
(DBN)

Homeowners overvalue homes for eighth month running
(DBN)

Federal judge tosses class action suit against Butler & Hosch
(DBN)

____________

Municipalities:

Puerto Rico says financial control board bill to be filed this week
(DBN)

Hope Is a Traffic Jam as Detroit Shakes Off Record Bankruptcy
(DBN)

Budget Disputes in Pennsylvania’s Legislature Could Force Public Schools to Shut Down
(DBN)

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Politics:

Wall St. becomes lightning rod in Democratic debate Who Won the Democratic Debate? Hillary's Pretty Good Night in Vegas Clinton & Sanders: Why the big deal about Denmark? AP FactCheck on Democratic Debate Both Clinton, Sanders Call for Snowden to Face Trial Six Takeaways from First Democratic Debate
(DBN)

Wall Street has made Hillary Clinton a millionaire Hillary Clinton to Take Heat In Tonight's Debate
(DBN)

Your Guide To Getting Drunk During The Democratic Debate
(DBN)

Tonight's Democratic debate is filled with people who are barely Democrats Democrats Bring Clear Risks, Cloudy Vision, to Debate
(DBN)

Sanders isn't socialist enough for many socialists
(DBN)

Baltimore Police Can't Confirm Carson Story
(DBN)

King Paul: Ryan will run only after Reps pledge 'unconditional' support... No opposition, no demands... Must show 'they are prepared to follow' Latest Unease on Right: Ryan Is Too Far Left What the Fight for the Speakership Is Actually About
(DBN)

Trump's Anti-Immigration Platform Is a Loser Aerosmith's Steven Tyler Sends Donald Trump a Cease-and-Desist Letter
(DBN)

____________

Autos:

VW looks to cutbacks and electric cars to overcome scandal Volkswagen Owners Demand Buyback Plan
(DBN)

UAW Healthcare Trusts Report $20.7 Billion 2014 Shortfall Shortfall Rises by $16 Billion at UAW Retiree Health-Care Fund
(DBN)

____________

Oil/Gas:

'Operating Interests,' 'Working Interests,' 'Production Payments' and 'Overriding Royalty Interests' - How Do These Interests Fit Within 'Property of a Debtor's Estate' Under the Bankruptcy Code?
(DBN)

Legal Strategies for Tough Times in the Energy Sector
(DBN)

Buyer (and its Creditors) Beware: SemCrude District Court Finds That Purchasers Took Oil and Gas Free and Clear of Producers' Liens
(DBN)

Statoil cuts Houston workforce
(DBN)

Time Is Running Out on U.S. Frackers
(DBN)

Cuts To E&Ps' Credit Lines Are Smaller Than Expected
(DBN)

Global Oil Glut To Stretch Into 2016 As Demand Growth Slows
(DBN)

Why We Will See $100 Per Barrel Oil Again
(DBN)

Former IEA chief: Oil will stay below $100 until 2020 because of U.S. shale boom
(DBN)

How Low Will Oil Prices Go? Shilling’s Call: $10-20
(DBN)

Does the oil and gas industry need a special insolvency regime?
(DBN)

Oil Workers in Canada Find There's No Free Lunch as Perks End
(DBN)

North Dakota oil output slips again as outlook for industry gets bleaker
(DBN)

We're not killing shale but won't cut output: Russia
(DBN)

Fitch: Oil states hoping for $55 crude or higher could have a disappointing 2016
(DBN)

____________

Guns:

Colt Could Be Nearing the End of Bankruptcy
(DBN)

____________

Food/Beverages:

AB InBev at risk of credit downgrade: Moody’s
(DBN)

____________

Corporate Reform:

SEC Readies Clawback Rules for Punishing Bad Accounting
(DBN)

____________

Lehman:

Man Who Got $83 Million Bonus And Wanted Another $83 Million Bonus Just Can’t Catch A Break
(DBN)

____________

Fraud:

Someone Didn’t Read His HBS Case Study In Successful Venture Capital Frauds
(DBN)

____________

Corporate Governance:

Three Recent Delaware Decisions Highlight the Importance of Director Independence and Risks for M&A Financial Advisors
(DBN)

____________

Tech:

Apple faces $862 million bill after losing patent case
(DBN)

____________

Mass Transit:

Behind the Failure of Leap Transit's Gentrified Buses in San Francisco
(DBN)

____________

Coal:

NewLead JMEG CEO files for bankruptcy ahead of court deposition
(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 (22 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:

Distressed Company Watch List
(DBN)

______________

Plan Confirmation:

Fifth Circuit: Bankruptcy Court Leaves Parties Guessing on Cram-Down Interest Rate
(DBN)

The Absolute Priority Rule Applies to Chapter 11 Debtors
(DBN)

____________

Bankruptcy Reform:

Inertia May Decide Fate of Proposed Changes to Bankruptcy Law
(DBN)

____________

Priorities:

Third Circuit: Bankruptcy Sale Proceeds Not Subject to Bankruptcy Code Priority Scheme
(DBN)

____________

UCC:

Security Interest Was Perfected Even Though Financing Statements Filed Prior to Debtor's Execution of the Security Agreements
(DBN)

____________

Avoidance Actions:

Insider Guarantor Not a 'Creditor' Where Indemnification Rights Are Waived
(DBN)

What Constitutes 'Value' Under Texas UFTA? Fifth Circuit Vacates Its Decision and Certifies the Question to the Texas Supreme Court
(DBN)

Chapter 7 Trustee Recovers Repayments of 'True Overdrafts' to Depository Bank as Preferential Transfers
(DBN)

____________

Recharacterization:

Court Refuses to Recharacterize Loans from Sole Shareholder Even Though Business Was Undercapitalized
(DBN)

Tenth Circuit Holds that U.S. Supreme Court Decisions in Law v. Siegel and Travelers Casualty v. Pacific Gas & Electric Do Not Change Established Tenth Circuit Law on Recharacterization of Debt to Equity

____________

Mootness:

The Third Circuit's Internal Split on the Viability of Equitable Mootness Continues
(DBN)

____________

Subrogation:

Surety's Entitlement to Subrogation Precludes Debtor from Retaining Funds
(DBN)

____________

Cross-Border:

Fairfield Sentry and "Within the Territorial Jurisdiction of the U.S."
(DBN)

The Resolution of Global Financial Institutions and Chapter 15
(DBN)

Barnet: Satisfying the Technical Jurisdictional Requirements for Chapter 15
(DBN)

Rede Energia and Recognition of Foreign Plans Under Chapter 15
(DBN)

Chapter 15 Cases to Monitor
(DBN)

____________

Make-Whole:

Make-Whole Premium Is Not Owed Unless the Indenture Expressly Requires Payment upon Acceleration
(DBN)

____________

Subordination:

Applying Section 510(b), Court Subordinates Judgment Claim of Former LLC Member
(DBN)

____________

Reclamation:

Bankruptcy Court Upholds Debtor's Right to Offset Vendor Overpayments and Trade Credits Against Section 503(b)(9) Claims
(DBN)

____________

Joint Administration:

Claims Against Separate Debtors Must Be Treated Separately When Cases Are Jointly Administered and Not Consolidated
(DBN)

____________

LLCs:

Limited Liability Company Interests as Property of a Debtor’s Estate Executory Agreements and the Conundrum of Section 365
(DBN)

____________

Indentures:

Court Tells Junior Investors in CDO “You Gotta Have Faith” – Good Faith and Fair Dealing, That Is
(DBN)

____________

Sovereigns:

Hedge fund pressures Peru to pay agrarian bonds
(DBN)

Bond Traders Aren't Ready to Reinvest in Argentina After Payout
(DBN)

'When vultures see Scioli's determination, they will have to negotiate'
(DBN)

Putin Needles IMF as Russia Prepares Plan for Ukraine Default
(DBN)

U.S. Examines Goldman Sachs Role in 1MDB Transactions
(DBN)

Ukraine puts debt deal to bondholder vote
(DBN)

____________

UK:

Rescue of insolvent firms saves 90000 jobs
(DBN)

October 2015: Insolvency Law Update
(DBN)

The future of remuneration: changes to Insolvency Office Holder remuneration approval
(DBN)

____________

EU:

Growing Government Debt Will Test Euro-Zone Solidarity
(DBN)

Eurozone industrial output falls in August
(DBN)

____________

PIIGS:

David Drumm charges related to Anglo-Irish Bank disclosed 'Political purpose' of Drumm extradition raised Ex-Anglo Irish Bank Chief Charged With Forgery, Conspiracy Fed judge orders Irish banker David Drumm detained at hearing Ex-Anglo bank chief faces 33 charges if extradited
(DBN)

Ireland plans tax cuts, spending hikes as economy rebounds
(DBN)

____________

Canada:

Enseco Energy Services Corp. Announces Repayment Demand and Appointment of Receiver
(DBN)

Parties jockey for position after U.S. Steel ruling
(DBN)

____________

Brazil:

Brazil: Insolvency & Restructuring Analysis 2015
(DBN)

Brazil’s ‘new middle class’ battle with crisis
(DBN)

____________

China:

The $1.2 trillion line China is daring US to cross
(DBN)

Relax. We'll Survive China's Sales of U.S. Debt.
(DBN)

China middle class overtakes USA as world largest
(DBN)

Disgruntled Chinese investor stabs CEO after losing investment
(DBN)

Do We Really Know How Bad the Chinese Economy Is Doing?
(DBN)

Calculating liquidation losses in margin share trading accounts
(DBN)

____________

France:

French Supreme Court Rules out Liability for Undercapitalising Companies
(DBN)

____________

Singapore:

Litigation Funding for Liquidators in Singapore: Re Vanguard Energy Pte Ltd
(DBN)

____________

South Africa:

Evraz South Africa's Creditors Vote in Favor of Rescue Bid
(DBN)

____________

Netherlands:

The Netherlands Proposes Modern Restructuring Legislation
(DBN)

____________

 


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