October 22, 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:

The Dewey Jury and the Big Apple on $40 Per Day Dewey Mistrial Complicates SEC, Other Related Actions Dewey Jurors Paint a Complicated Picture of Lengthy Deliberations Jurors and others unconvinced Dewey & LeBoeuf management was a crime
(DBN)

Baker & Botts: Efforts continue to define its scope
(DBN)

GC compensation does not account for equity
(DBN)

Big Law Rates Rising
(DBN)

Layoff Watch: All Lawyers To Be ‘Abolished’?
(DBN)

Will there be a ‘New Deal’ for the legal profession?
(DBN)

Law Students Beware: Cheaters Never Win
(DBN)

The First U.S. News Law School Rankings Screw-Up
(DBN)

Let The Law School Class Action Lawsuits Proceed: 5 Defenses That Don’t Work
(DBN)

Prominent Lawyer Steps Down From His Firm Amid Scandal
(DBN)

Pinsents' Foley: we need to have a US presence in the next five years
(DBN)

Can Female Lawyers Ditch the Panty Hose
(DBN)

Men Behaving Badly
(DBN)

9 Concerns that Keep New Law Firm Owners Awake
(DBN)

Thomson Reuters opens new US legal outsourcing office
(DBN)

The Spooky Specter Of A Return To Practice
(DBN)

NYPD officer dies after being shot in the head
(DBN)

Kansas' Former AG Wants Law License Back
(DBN)

Bill Cosby replaces his high-profile lawyer with BigLaw firm; were press statements the reason?
(DBN)

Judge says Ohio woman can collect damages from ex-husband for domestic violence
(DBN)

4 ways to become the most charismatic person in the room
(DBN)

The average gun owner now owns 8 guns — double what it used to be
(DBN)

Pilot in Gorilla Mask Fights Suspension
(DBN)

______________

Judges:

Public Notice For Reappointment Of Bankruptcy Judge Ronald B. King
(DBN)

SEC Faces New Attack on In-House Judges
(DBN)

The Life And Times Of A Supreme Court Justice
(DBN)

A judge allegedly strong-armed dozens of people into giving blood, and it's a sign of a much bigger problem Is It Wrong To Ask Offenders To Give Blood To Get Out Of Their Fines?
(DBN)

Judge brought grenade to courthouse parking lot, authorities say
(DBN)

______________

Wall Street:

U.S. stocks set to break losing run
(DBN)

Wall St. ends lower, energy and healthcare stocks fall US stocks finish lower to mark second decline in a row
(DBN)

3 Endangered Stocks That Could Go to Zero
(DBN)

Wall Street Faces Smaller Bonuses, Possible Layoffs
(DBN)

______________

Layoffs:

What We Know About the 92 Million Americans Who Aren’t in the Labor Force
(DBN)

Angry Birds' Rovio Cuts 213 Jobs
(DBN)

Wells Fargo lays off nearly 500 nationwide
(DBN)

Biogen to cut 880 jobs Biogen to Cut 400 Jobs in Massachusetts in Big Restructuring
(DBN)

Cabot Corporation Announces Restructuring Plan - 300 Job Cuts
(DBN)

National and State by State Unemployment Rates
(DBN)

Animated Map of Unemployment
(DBN)

______________

Pharma:

Valeant Rout Rips Drugmakers Bill Ackman buys 2 million shares of Valeant after it craters on accusations of being the next Enron Valeant is a hedge fund horror show The rise and fall of Valeant Why pharmaceutical company Valeant looks like Enron Valeant's Chilling Effect Valeant leveraged loan, high yield bond debt in price discovery after Citron report
(DBN)

Fraud allegations against Valeant exposed an industry secret that will infuriate Washington
(DBN)

____________

Healthcare:

Judge Allows Possible Sale Of Hutcheson Nursing Home To Go Forward, But Says May Be Time To Shut Down Fort Oglethorpe Hospital
(DBN)

Hutcheson selling Parkside Nursing Home
(DBN)

Hutcheson Medical Center, RIP: Time to take Fort Oglethorpe hospital off life support
(DBN)

Corporate intrigue cloaks bankruptcy filing by medical device company
(DBN)

Outline of Children's Chapter 11 plan facing Thursday vote
(DBN)

Ministry Health Care plans major job cuts
(DBN)

____________

Electricity:

Can a bankruptcy court cut coal pollution in Texas? Green groups say yes
(DBN)

EFH sues Oncor minority stakeholder to speed $18M Hunt takeover
(DBN)

____________

Gambling:

Bondholders Turn Up Legal Pressure Over Caesars Deals
(DBN)

U.S. judge gives Caesars another four months to control bankruptcy
(DBN)

One of Wall Street's biggest enemies is reportedly going after DraftKings and FanDuel
(DBN)

____________

Coal:

Judge Sides With Lenders In Arch Coal's Debt Deal
(DBN)

Australia to tighten grip on coking coal as U.S. rivals suffer
(DBN)

____________

Retailing:

Can American Apparel save itself?
(DBN)

Closeout sale at Hilo Hattie Hilo Hattie liquidates Honolulu flagship store as it prepares to move
(DBN)

____________

Food/Beverage:

Organic Avenue's Bankruptcy: When Investment Capital Replaces The Founder's Passion
(DBN)

Fresh & Easy liquidating, closing stores Fresh & Easy plans to close in U.S.
(DBN)

Haggen starts collecting bids to sell off stores, agrees to pay workers vacation time
(DBN)

Liquor licenses didn't come with stores purchased from A&P
(DBN)

____________

Credit Counseling:

Anatomy of a debt-relief scam
(DBN)

____________

Weather:

Last month was hottest September on record: NOAA
(DBN)

____________


Economy:

Economy 'caught in a vicious cycle': Larry Summers
(DBN)

Bernanke Sees Upside to Negative Interest Rate
(DBN)

American wage inequality, in one simple chart
(DBN)

The truth about global inequality is much different than what people expect
(DBN)

Lew Urges Congress to Lift Debt Limit as Boehner Vows No Default
(DBN)

Survey: Millennials Less Likely to Consider Impact of Financial Events on Credit
(DBN)

OCC: Credit risk now at the forefront of concern
(DBN)

Can 1% really pay for ‘free stuff’ Democrats want?
(DBN)

US Debt Prioritization Won't Work: Lawrence Summers
(DBN)

US Debt Clock
(DBN

Economic Indicators Dashboard
(DBN)

______________

Real Estate:

Fannie Mae: Actual loss risk-sharing deals will be the standard moving forward
(DBN)

MBA: Mortgage Applications Increase in Latest Weekly Survey, Purchase Applications up 9% YoY
(DBN)

Drowning homeowners are getting relief
(DBN)

Is the credit box finally showing signs of opening up?
(DBN)

Nicholas S. Gouletas heads back to bankruptcy court
(DBN)

Key member of EpiCentre turnaround team joins development firm as CFO
(DBN)

AIA: Strong Rebound for Architecture Billings Index in September
(DBN)

____________

Municipalities:

Obama Administration Draws Up Plan to Help Puerto Rico With Debt
(DBN)

Puerto Rico: A Flash of Federal Ambition
(DBN)

Obama backs special bankruptcy protection for Puerto Rico Seeks Broad Bankruptcy Power for Puerto Rico in Crisis
(DBN)

Puerto Rico Government Development Bank Talks with Bondholders End Without Deal
(DBN)

US Treasury proposes plan to rescue Puerto Rico from default Treasury presses Congress to help Puerto Rico, but faces tough sell
(DBN)

Sanders Sends Lew Letter Seeking Concrete Steps on Puerto Rico
(DBN)

California's Zombie Agencies Beat Rally as Mass Defaults Averted
(DBN)

Key players provide inside look at Detroit bankruptcy
(DBN)

House committee to reopen hearings into 38 Studios deal
(DBN)

White House presses Puerto Rico debt plan
(DBN)

____________

Debt Collection:

Ohio Collection Agency Could Pursue $160M in Tennessee Debt
(DBN)

____________

Oil/Gas:

Oil recoups some losses; seen as short-lived
(DBN)

Baker Hughes sheds another 3,000 jobs in the third quarter
(DBN)

Weatherford plans to cut 3,000 more jobs by the end of 2015
(DBN)

TransCanada trims management jobs as layoffs continue
(DBN)

OPEC didn’t discuss output cuts with other oil producers
(DBN)

Inventories post another large gain Oil Glut Appears To Be Getting Worse, Not Better
(DBN)

Oil's Summer Holiday Is Over
(DBN)

Haynes and Boone Redetermination Survey Called "Eerily Prescient" by PointLogic Energy
(DBN)

The Long Bull Run for Oil Refiners Is Showing Signs of Slowing
(DBN)

US Oil Output Slide Looms as Shale Firms Hit Productivity Wall
(DBN)

No Rough Stuff: First Wave Of E&Ps Keep Borrowing Power
(DBN)

Low oil prices don’t affect all offshore drillers the same
(DBN)

This chart goes a long way to explaining why crude is getting slammed
(DBN)

Who's Eating the Oil & Gas Losses Now?
(DBN)

Oil Markets Could Get Very Ugly, Very Quickly
(DBN)

5 reasons oil is heading to new tipping point
(DBN)

Will fiscal pain force Saudi Arabia to pump more oil? 'Urgency' for oil exporters to adjust spending: IMF
(DBN)

Future Of Iraq’s Oil Industry Under Threat
(DBN)

Why Opportunistic Investor Chen Lin Is Hoping for $20/Barrel Oil
(DBN)

Paragon Financial Sees Oil and Gas Industry Suppliers Moving to Non-Recourse AR Financing
(DBN)

The $5 Trillion Oil Debt Bomb
(DBN)

____________

Autos:

General Motors Posts Largest Quarterly Profit Since Bankruptcy Is GM as 'vastly different' as Barra claims?
(DBN)

GM Hires Attorneys to Work With Federal Monitor After Deferred Prosecution Deal
(DBN)

Back to the Future: The Rise and Fall of the DeLorean Motor Company
(DBN)

Hyundai Profit Falls More Than Estimated on China Sales Slump
(DBN)

Tesla’s Stock Dives After Losing Consumer Reports Recommendation
(DBN)

How Could Volkswagen’s Top Engineers Not Have Known? VW Recall May Cost 20 Billion Euros Volkswagen CEO says emissions scandal bill could rise VW instructs Freshfields to defend emissions scandal claims in UK and France
(DBN)

____________

Politics:

Joe Biden Says He Will Not Seek Presidency Joe Biden Is Out, But Not Down
(DBN)

Donald Trump suddenly started praising Jeb Bush Trump Fact Check: Says CIA Director George Tenet told the Bush administration that the Sept. 11, 2001, terrorist attack "was coming. So they did have advanced notice." Donald Trump has experienced a major shift in one of the most significant predictors of electoral success Jimmy Kimmel really let Donald Trump have it for canceling on his show
(DBN)

Ben Carson's Odd Take on the Constitution
(DBN)

Jeb Bush's Four-Lane Collision
(DBN)

Trump's friend Carl Icahn will spend $150 million to fight Congress
(DBN)

Clinton Fact Check: "We lose an average of 90 Americans every day because of guns." What Joe Biden's Exit Means For Hillary Clinton
(DBN)

For presidential hopefuls, simpler language resonates
(DBN)

Paul Ryan's Conditions
(DBN)

____________

Student Debt:

Governing Through Student Loan Debt
(DBN)

Supreme Court May Need An Amicus Brief on Income-Based Repayment
(DBN)

The Strange Case Of Student Loan Debt
(DBN)

Joe Biden’s greatest betrayal: The one Senate vote that makes it hard to support a Biden run
(DBN)

____________

 


New Bankruptcy Opinions
(2 new opinions today - DBN)

Bankruptcy Court Web/Pacer Site Directory

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

Recent Ch. 11 Filings (19 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (7 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:

Bankruptcies down, but financial burdens persist
(DBN)

______________

Bankruptcy Rules:

BK SD MS: Invitation for Public Comment - Proposed Amendments to Local Bankruptcy Rules
(DBN)

____________

Mootness:

Das Moot – Debtors’ Argument that 363(m) Moots Creditors’ Appeal of Sale Order Gets Sunk by Third Circuit
(DBN)

____________

Bankruptcy Reform:

The Chapter 13 Alternative: A Legislative Solution to Undersecured Home Mortgages
(DBN)

____________

Insurance:

The “Myth” of Outside Director Liability and the Critical Importance of D&O Insurance
(DBN)

____________

Personal Finance:

Should dad pay rent for Ivy League-educated kids?
(DBN)

____________

Shipping:

No swift recovery seen for depressed bulk freight rates
(DBN)

Daiichi Chuo bankruptcy: Bulk carrier to downsize long-distance shipping
(DBN)

____________

Religion:

Victim seeks $9M from Diocese of Duluth
(DBN)

____________

Alternative Energy:

Worse Than Fossil Fuels? Why Bioenergy Is Not Green
(DBN)

____________

Celebs:

Joe Giudice Deportation UPDATE: 'RHONJ' Teresa Giudice And Children Will Follow Their Patriarch To Italy After His Release From Jail
(DBN)

____________

Awards:

Benchmark Litigation 2016 Bankruptcy Rankings
(DBN)

____________

Corporate Reform:

Obama Picks Ex-Senate Aide, Professor to Be SEC Commissioners
(DBN)

____________

Mining:

No sale yet for mine: Bankruptcy filing puts hold on Johnson Mine sale
(DBN)

Embattled Platinum Miner Lonmin Unveils $770 Million Rescue
(DBN)

____________

Fraud:

Johnson Controls CEO bankrolled defense of Ponzi schemer
(DBN)

Kevin Bacon to get payout after losing millions to conman
(DBN)

Indicted Wilmington Trust official remains on Wesley College board
(DBN)

____________

Education:

NYMA sale approved by bankruptcy judge Military Prep School in New York to Reopen After Bankruptcy Sale
(DBN)

Are Corinthian Colleges' former schools on the mend?
(DBN)

'Spiraling s-- scandal' engulfs Stanford's business school
(DBN)

____________

Hollywood:

Relativity TV Receives $75 Million in Capital Post-Bankruptcy Relativity Announces New Funding, Again, As It Moves Through Bankruptcy Relativity's rescue drama hits $30M plot twist Relativity TV Sale Closes
(DBN)

___________

Sovereigns:

Argentina's Last Chance Scioli calls for 'one' position in debt dispute with 'vulture' funds CFK and Putin hail joint effort against 'vulture' funds
(DBN)

____________

UK:

Ten of the 30 towns where Britons are less likely to go bust are in Scotland
(DBN)

Consult in UK redundancies or be fined…….
(DBN)

Status of London lawyers is declining as desperate firms bend to satisfy clients’ outrageous demands
(DBN)

Thousands of small firms at risk in tax avoidance clampdown
(DBN)

____________

PIIGS:

Portugal Warned by EU Over Failure to Submit Draft 2016 Budget
(DBN)

Saudis creating nightmare for Spain
(DBN)

Spanish unemployment falls to 21.2%
(DBN)

____________

Canada:

Valeant's Slide a Reminder of Canada's BlackBerry, Nortel Legacy
(DBN)

____________

Russia:

Russian Airline Transaero Triples as Buyout Lifts Survival Odds
(DBN)

Transaero creditor Sberbank says new owners could not save airline-RIA
(DBN)

____________

Norway:

Norwegian shipyard goes bust
(DBN)

____________

Australia:

Court appoints liquidators to 'Grimm Reaper of Collins Street' companies
(DBN)

____________

South Korea:

Man Charged With Salvaging Korean Shippers Sees Gloomy Prospects
(DBN)

____________

Poland:

Poland creates a Borrowers’ Support Fund to fill its consumer bankruptcy gap
(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