October 19, 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:

Has Big Law Associate Bonus Season Already Started? First Firm Announces Bonuses Moving In The Fourth Quarter: Should You Delay Your Search Until After Firms Pay Bonuses?
(DBN)

Dewey Jurors End 20th Day With Request for Testimony
(DBN)

White & Case Names New Restructuring partner
(DBN)

Partner promotions down 17pc at White & Case
(DBN)

The Biglaw Firms With The Biggest Drops In Attorney Headcount (2015)
(DBN)

Jobless Grads Who Sued Law Schools Find More Rejection in Court
(DBN)

More than 30 lawyers exit as law firm splits
(DBN)

US motion alleges Sidley lawyer intended to ‘embarrass and harass’ with deposition questions
(DBN)

JDs/Law Students - Ditch Concept Of "Career," Substitute "Paid Work"
(DBN)

Foreclosure Firm Dueling With Landlord in Bankruptcy Case
(DBN)

Making the Playoffs: Baseball and Big Law
(DBN)

Foreclosure Firm Dueling With Landlord in Bankruptcy Case
(DBN)

Latest Law Firm Marketing Plan: A News Broadcast
(DBN)

Think Off-Hours Emails Boost Productivity Think Again
(DBN)

Florida Bar Rejects Controversial Plan to Entice Out-of-State Lawyers
(DBN)

Where’s The Diversity In The New York City Legal Market?
(DBN)

Looking In-House, Report Sees Many Pay Gaps
(DBN)

Fast-growing firm is opening 2 new offices; attorney roster has tripled in 15 years
(DBN)

Cooley Law’s Most Impressive Grad
(DBN)

3 Things To Keep In Mind As We Reposition Our Legal Résumé To Get A Non-Law Job
(DBN)

Show Good Lawyerly Judgment: Hire Professionals (Like Accountants) To Do Their Work Better Than You Ever Could Do It
(DBN)

You don’t really need eight hours of sleep
(DBN)

15 signs you're a narcissist
(DBN)

The 17 best icebreakers to use at awkward social events
(DBN)

Best Laptops 2015
(DBN)

How to use AirDrop
(DBN)

There's an easy way to find out how much power your iPhone apps use Facebook App Blamed For Draining iPhone Battery
(DBN)

There’s a New Video Game Where You Can Run Your Own Private Prison. It’s Strangely Addictive
(DBN)

‘Zombie’ crowds flee as deadly gunfire breaks out
(DBN)

Disbarred Attorney Vows To Go Ham On Florida Bar
(DBN)

Police officer who arrested New York Times photographer is convicted of felony
(DBN)

Prolific snitch reads cellmates’ legal papers while they sleep, defense attorney says
(DBN)

Pistorius to serve remaining sentence for law grad’s slaying on house arrest
(DBN)

Insurer ‘ecstatic’ about $413K judgment on $100K policy, defense lawyer says
(DBN)

Police issue warning after people wearing clown masks chase school children
(DBN)

Father charged after his 6-year-old son accidentally shoots and kills 3-year-old brother
(DBN)

Body Mistaken for Halloween Decoration and Left Hanging On Fence
(DBN)

Solid Majority Continue to Support Death Penalty
(DBN)

Charges and Arrests Made After Fatal Beating At New York Cult
(DBN)

______________

Judges:

Barnes & Thornburg Partner Deborah Thorne Appointed Federal Bankruptcy Judge by Seventh Circuit Court of Appeals
(DBN)

In televised debate, candidates for scandal-plagued state supreme court emphasize ethics
(DBN)

Panel Narrows List to 7 in Search for New York’s Next Chief Judge
(DBN)

The Constitution Doesn’t Matter to SCOTUS (and That’s a Good Thing)
(DBN)

Supreme Court Fixes Two Major Issues With Its Opinions
(DBN)

______________

Wall Street:

U.S. stock futures flat after Chinese GDP data
(DBN)

US stocks score third straight weekly rise
(DBN)

Goldman Sachs bankers get the boot for cheating
(DBN)

S&P turns negative as energy lags; transports down 1%
(DBN)

______________

Layoffs:

RG Steel bankruptcy filing is settled
(DBN)

Zomato cuts 300 jobs
(DBN)

Schlumberger plans additional layoffs in fourth quarter
(DBN)

National and State by State Unemployment Rates
(DBN)

Animated Map of Unemployment
(DBN)

______________

Celebs:

Abby Lee Miller's Arraignment On Nov. 5, Indicted For Hiding Income Worth $755,000
(DBN)

Former IMF chief Strauss Kahn to sue for defamation
(DBN)

Defunct Toby Keith bar owes more than $110K in taxes
(DBN)

The case against Bill Cosby is growing
(DBN)

Giudice writing memoir at Danbury prison
(DBN)

____________

Hedge Funds:

Warren Buffett explains why hedge funds fail
(DBN)

____________

Aviation:

New United Continental CEO suffers heart attack
(DBN)

Now arriving at the gate: Bigger overhead bins
(DBN)

____________

Gambling:

Federal investigation into daily fantasy sports leads to subpoena for trade association Nevada fantasy sports ruling a legal 'flashpoint' The Old School Days Of Legalized Gambling Were A Heady Time Daily Fantasy Sports Sites Officially Too Sketchy For Nevada
(DBN)

More bad luck: Company plans to cut power to AC's Revel Bank foreclosing on Revel power plant; heating plans unclear
(DBN)

____________

Coal:

Coal reserves: Unmined or unminable?
(DBN)

Coal Industry Debt in Peril, Fitch Says Arch Coal Inc And Peabody Energy Corporation Bankruptcy May Raise Industry Default Rate Over 50%: Fitch
(DBN)

Walter Energy layoffs threaten Brookwood's economy
(DBN)

Depressed Coal Markets Could Get Worse
(DBN)

____________

Food/Beverage:

McDonald's the brand is in a “deep depression”: franchisees It's the End Days for McDonalds
(DBN)

The 10 retail locations of the 15-year-old juice chain, which filed for Chapter 7 bankruptcy protection Thursday, may be snapped up by competitors such as Juice Press Did Organic Avenue, which just filed for bankruptcy, lose its way because founder left?
(DBN)

A&P Stores Don’t Have to Go to Grocers With Union Contracts Union Backs Down From Some Demands In A&P Bankruptcy
(DBN)

Court approves sale of 11 more Waldbaum's and Pathmark stores on Long Island
(DBN)

Bankrupt A&P's move toward liquidation picking up steam
(DBN)

Haggen gets the green light to sell off more than 100 stores
(DBN)

Fresh Market Founder Said to Work With Apollo on Buyout
(DBN)

____________

Newspapers:

Tribune Media Shares at a 50% Discount
(DBN)

____________

Weather:

Cars stuck in the mud after California landslide, could take months to dig out
(DBN)

____________

Personal Finance:

10 underrated perks of working for someone else
(DBN)

____________

Alternative Energy:

Bankrupt Texas panel maker fined US$7.7 million for putting ‘Made in USA labels’ on Chinese modules
(DBN)

Apple's auto ambitions sideswipe electric motorcycle startup
(DBN)

____________


Economy:

Production at U.S. Manufacturers Falls for a Second Month An economic blockage in American manufacturing is about to clear out Flagging oil sector keeps pressure on industrial manufacturers
(DBN)

NY Fed president says it's too early to talk about a rate hike — 'The situation changed over the last few months'
(DBN)

The US Economy is Just Mediocre
(DBN)

Goldman Sachs Expects "Fed Liftoff" in December
(DBN)

China's Selling Tons of U.S. Debt. Americans Couldn't Care Less.
(DBN)

Job openings level in August comes back to Earth
(DBN)

There’s No Way to Avoid Default Without Raising the Debt Limit, Treasury Says Default Would Put U.S. on 'Path to Greece'
(DBN)

In his memoir, Ben Bernanke is wrong about the fall of Lehman Brothers
(DBN)

Consumers’ Debt Contributes to Decline in Financial Security
(DBN)

Stratfor's Chilling Year End Predictions
(DBN)

Consumers sentiment rebounds in October to three-month high
(DBN)

The Fed is stuck, with U.S. at the mercy of China
(DBN)

6 signs the US economy is nowhere near recession
(DBN)

Labor Market Turnover Changes Little in August as Job Openings Fall Slightly
(DBN)

NY Fed Examines Regional Debt in Collections, Delinquency Rates
(DBN)

The pillars of American finance are under attack
(DBN)

Hangovers: They're Costing the U.S. Economy
(DBN)

US companies don't pay what they're supposed to in taxes — and it's getting worse
(DBN)

US Debt Clock
(DBN

Economic Indicators Dashboard
(DBN)

______________

Real Estate:

What’s really going on in default servicing? An insider’s perspective
(DBN)

Why the federal government now holds nearly 50% of all residential mortgages
(DBN)

Sen. Graham: "Millions" of senior citizens face homelessness
(DBN)

HI: Court orders man who misled homeowners to pay them back
(DBN)

Spending on home improvements on pace to set a record in 2015
(DBN)

RE/MAX: September home sales broke post-crisis records
(DBN)

Top Lessons Learned From CCRCs Past
(DBN)

How Not to Fix Fannie and Freddie
(DBN)

CFPB Updates Mortgage Credit Rules
(DBN)

After Missing the Red Flags, a Bronx Co-op Finds a Road Back
(DBN)

____________

Municipalities:

Forget the US Treasury's help — let Puerto Rico file for bankruptcy
(DBN)

Puerto Rico Promises Better Oversight
(DBN)

UBS thins out Puerto Rico staff in restructuring move
(DBN)

Detroit seeks to move on from bankruptcy
(DBN)

Can Detroit Afford to Lose 7000 People per Year?
(DBN)

When Detroit Failed, No Private Jets. But Failing Political Campaigns?
(DBN)

The Night New York Saved Itself from Bankruptcy
(DBN)

San Bernardino still in turmoil over bankruptcy
(DBN)

States go after unclaimed property, use it to patch budgets
(DBN)

___________

Oil/Gas:

Oil gains, but ends with a nearly 5% weekly loss US oil settles up 1.9%, at $47.26 a barrel Oil slips its hold on $50 as OPEC output climbs to 3-year high
(DBN)

Saudi crude stockpiles at record high
(DBN)

Pending Oilfield Deals Face A Below-$50 Oil Price Reality
(DBN)

Occidental's North Dakota Deal Mixed Omen For Pending Oilfield Deals
(DBN)

Stakes Could Get Higher for US E&Ps
(DBN)

Oil rig count tumbles for 7th straight week
(DBN)

Oil is in the most severe downturn in decades and the worst is not over, energy giant warns
(DBN)

Left Holding the Bag – Who is Responsible for Idled or Orphaned Wells?
(DBN)

Schlumberger To Add To Global Unemployment Rate
(DBN)

Saudi Arabia's Oil War With Russia
(DBN)

Solar and wind power surge as drilling and mining falter
(DBN)

Schlumberger Cancels New Year
(DBN)

How Do Low Oil Prices Affect Offshore Drillers?
(DBN)

Oil nations feel the strain of  Opec’s continuing price war
(DBN)

Saudi Arabia Said to Delay Contractor Payments as Oil Slumps
(DBN)

Industrial Production For Oil And Gas Well Drilling Drops To Lowest This Century
(DBN)

____________

Politics:

Q3 presidential candidate fundraising
(DBN)

Despite bankruptcies, Trump defends his record in Atlantic City Wallace to Trump: Did ‘You Go After Me’ Because You’re ‘Thin-Skinned’? Trump: Fed rates are still so low because ... Clinton Trump says CNBC has agreed to two-hour debate Campaign Cash: Donald Trump Drops Thousands on Hats Surprise! The Trump campaign is broke Donald Trump Donors Outspend Billionaire Candidate on Campaign Hard Truths About Trump: 5 Business Philosophies He Operates By Donald Trump renews feud with Vanity Fair editor Graydon Carter Paul on Trump: Reality TV star not best for country Trump has figured out Jeb Bush's greatest weakness as a candidate, and it's not his energy level Donald Trump flipped out at Mitt Romney after he said Trump wouldn't be the GOP nominee When Donald Trump Quits
(DBN)

Sanders says no to donation from $750-pill EO Sorry, Bernie fans: The polls are coming in, and it looks like Clinton won the debate Larry David hilariously parodied Bernie Sanders for 'Saturday Night Live'
(DBN)

Kaching? Clinton bets on future with big spending Poll: Hillary Clinton leads Bernie Sanders in New Hampshire Clinton Fact Check: The gun industry is "the only business in America that is wholly protected from any kind of liability." Clinton: Alabama voting restrictions 'a blast from the Jim Crow past'
(DBN)

Ted Cruz's Clout in Congress Wanes
(DBN)

Dems' economic message poses threat for Republicans
(DBN)

Jeb Bush just proved that Dubya was the smart one all along Jeb Bush, Donald Trump continue 9/11 fight Trump criticizes George W. Bush over 9/11, Jeb Bush hits back
(DBN)

There appears to be an emerging consensus on Joe Biden Biden Camp to Allies: Get Ready Biden 'will not be bullied' by Clinton campaign
(DBN)

____________

Autos:

Police raid Volkswagen HQ in France U.S. investigation into Volkswagen cheating allegations widens Volkswagen hires integrity boss Volkswagen made several defeat devices to cheat emissions tests - sources Creator of VW's Toxic Culture Still Looms Large
(DBN)

GM discovers new ignition switch issue, recalling 3300 vehicles
(DBN)

____________

Retailing:

Bankruptcy court OKs Quiksilver-Oaktree financing deal
(DBN)

American Apparel's Bankruptcy Underscores Challenges for Retailers
(DBN)

American Apparel says it will turn profitable in 2018
(DBN)

Wal-Mart suffers worst week since 2008
(DBN)

No one pays full price anymore — and it's terrifying companies
(DBN)

____________

Banking:

Deutsche Bank restructures, splits investment bank Everybody is missing the most important part of Deutsche Bank's overhaul
(DBN)

Big Banks to America's Firms: We Don't Want Your Cash
(DBN)

____________

Awards:

Ori Katz To Be Inducted as Fellow by The American College of Bankruptcy
(DBN)

____________

Healthcare:

Doctors' Hospital in Pontiac open, but on life support
(DBN)

Mass layoffs, services cut at Hutcheson
(DBN)

U.S. Trustee, Erlanger Raise Numerous Objections To Proposed Auction Of Hutcheson Medical Center
(DBN)

Largest health insurer on Colorado exchange collapses
(DBN)

San Antonio's Forest Park Medical Center closes
(DBN)

Millennium Health Reaches Restructuring Pact With Creditors, DOJ
(DBN)

Medicaid expansion could mean life support for small hospitals
(DBN)

Virginia Mason plans job cuts
(DBN)

____________

Ethanol:

Study Show Ethanol a Detriment to Environment and Economy
(DBN)

____________

 


New Bankruptcy Opinions
(7 new opinions today - DBN)

Bankruptcy Court Web/Pacer Site Directory

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

Recent Ch. 11 Filings (35 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (5 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:

Q3-2015 Business Bankruptcies Remain Flat | Oil & Gas/Mining Bankruptcies Dominate Public Count
(DBN)

Triangle counties lead North Carolina in bankruptcy filings, study says
(DBN)

______________

Miscellaneous:

The Week Ahead
(DBN)

____________

Cross-Border:

Chapter 15 Provides Restructuring Avenue for Brazilian Companies
(DBN)

____________

Professional Compensation:

Fifth Circuit Jettisons Pro-Snax Material Benefit Standard for Bankruptcy Professional Compensation
(DBN)

Ninth Circuit Overturns Sternberg
(DBN)

____________

Bankruptcy Reform:

The LSTA Publishes Detailed Response to the ABI Commission's Proposed Bankruptcy Reforms
(DBN)

Unhappy Birthday, BAPCPA
(DBN)

____________

Executory Contracts:

Bankruptcy Court Makes ‘Executive’ Decision, Rules Master Service Agreement Ineligible for Rejection
(DBN)

____________

Dismissal:

Makeup on a Pig Can't Help Make This Bankruptcy Case Any Prettier
(DBN)

____________

Agriculture:

Thorpe family loses first round in their appeal of a bankruptcy auction of their farm
(DBN)

____________

Taxis:

One Taxi Driver's Fight to Save His Medallion and His Family's Future
(DBN)

____________

Student Debt:

Student Loan Debt: Major Barrier to Entrepreneurship
(DBN)

Report on Student Loan Complaints Reveals Serious Payment Obstacles
(DBN)

____________

Resorts:

Jailed club founder gets final chance to account for $13.8M
(DBN)

___________

Fraud:

The last days of Drexel Burnham
(DBN)

____________

Museums:

Property at Evergreen Aviation & Space Museum faces foreclosure auction
(DBN)

____________

Examiners:

Power to sell assets, settle debts key to Colorado millionaire businessman Walker's Chapter 11 bankruptcy case
(DBN)

____________

Corporate Reform:

Banks: 7 Years On How Much Has Changed?
(DBN)

____________

UK:

GT Law becomes latest legal firm to collapse
(DBN)

Time is running out to save UK steel sector, warn steelmakers and unions
(DBN)

Tata Steel to shed 1,000-plus jobs in Britain: Reports
(DBN)

Aston Martin to cut 15 percent of workforce
(DBN)

Begbies' Red Flag report shows pressure easing for food retail sector
(DBN)

Ince & Co to cut office space in half
(DBN)

____________

EU:

Will the ECB add to its QE next week?
(DBN)

____________

PIIGS:

Greek parliament approves reform bill
(DBN)

A kick-start for the Italian Non Performing Loans market
(DBN)

____________

Canada:

Benefits loss anger pensioners
(DBN)

Unethical marketing practices rampant amongst Ontario bankruptcy trustees
(DBN)

Deemed Trusts In The Context Of Bankruptcy And Insolvency
(DBN)

____________

China:

China economy logs weakest growth since 2009 Economic growth slows despite stimulus
(DBN)

China’s GDP at 6.9%? Try 3%, say skeptics
(DBN)

China risks falling into the trap that killed Japan
(DBN)

China's Premier Li calls for ongoing financial reform, as economy slows
(DBN)

China Ponders Tool Deemed Too Risky Post 2008 to Cut Bad Loans
(DBN)

Good News Is Bad News for China
(DBN)

A major Chinese state-owned steel trader may be about to default on its debts
(DBN)

____________

Venezuela:

Venezuela: Where a movie ticket runs you...$60?!
(DBN)

____________

Brazil:

Brazil woes forced Fortress to shut fund: Report
(DBN)

Fitch Downgrades the City of Rio de Janeiro's Ratings
(DBN)

Brazil economic activity falls 4.4% in August
(DBN)

____________

MENA:

New insolvency law a safety net for SMEs, banks
(DBN)

____________

France:

French Prosecutors Probe Dominique Strauss-Kahn's Failed Firm
(DBN)

____________

Austria:

Austria Said to Invite Dealers for Heta Bond Tender Next Week
(DBN)

____________

Norway:

Norske Skog Bondholders Said to Offer Rival Restructuring Plans
(DBN)

____________

Ukraine:

Ukraine’s Other War: Battling Economic Frailty
(DBN)

____________

Russia:

Fury of passengers as Vladivostok 'blockaded' by collapse of airline Transaero
(DBN)

____________

India:

India targets century-old bankruptcy law
(DBN)

____________

Latvia:

Isn’t €1Bn/y too high a cost for malfunctioning insolvency process in Latvia?
(DBN)

____________

South Korea:

Pantech escapes bankruptcy after 14 months
(DBN)

10% of Top 500 Korean Firms are 'Zombies'
(DBN)

____________

Australia:

Bankruptcy laws worth looking at: Turnbull
(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