September 28, 2015

The Daily Bankruptcy News

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Law:

Deliberative Dewey Jurors in No Rush to Announce Verdict Dewey & LeBoeuf Jury Enters Second Week of Deliberations
(DBN)

Dewey & LeBoeuf - All Trials Will Now Be Tweeted, If Judges Allow
(DBN)

Pillsbury Chadbourne Talks Highlight Industry Pressures
(DBN)

Klee, Tuchin, Bogdanoff & Stern LLP Adds Two Attorneys to its Corporate Practice Group - Bogdanoff: Clients See Value In Boutique Firms
(DBN)

McCathern, PLLC Announces New Practice Area Leader for Bankruptcy Section
(DBN)

6 Reasons For Gender Differences At The Top Of The Legal Profession
(DBN)

Duane Morris bankruptcy partner praised by judge who accused her of smugness
(DBN)

Clifford Chance innovation head warns partners to innovate or die
(DBN)

Locke Lord chair is ‘bullish on Boston’ despite lawyer losses
(DBN)

Texas: The Final Frontier?
(DBN)

Six BigLaw firms join fellowship program for women re-entering the practice
(DBN)

What layoffs? Law firm says it has ‘reduced the population by a handful of attorneys’
(DBN)

Hughes Hubbard Acknowledges Reductions in Kansas City
(DBN)

Lawyers Flee, Layoffs Follow After Biglaw Firm’s Pay Problems
(DBN)

How To Counter Prestige
(DBN)

When People Don’t Take You Seriously Because You Look Too Young
(DBN)

8 Ways to Train a Junior Lawyer
(DBN)

Tech Pros Commanding Higher Salaries at Law Firms
(DBN)

Got cyber liability insurance? Few lawyers say they have it, despite security breaches
(DBN)

9 things you can do with the new iPhone 6S that you can't do with the iPhone 6 Apple's iPhone 6S is one of the best smartphones I've ever used — but here's why I wouldn't buy it
(DBN)

12 fall clothing and style hacks every guy should know
(DBN)

A Legal System That Works for Wall Street
(DBN)

Commission urges more standardized discipline rules and penalties for New York lawyers
(DBN)

Reporter gets harassed by man while filming segment on harassment
(DBN)

Attorney arrested at courthouse after police say she left her children in her car
(DBN)

He Got a Ticket - Horrifying Death in Mi. Jail
(DBN)

Lawyer who avoided jail time by paying restitution reportedly steals more money a year later
(DBN)

Lawyers Pile On Dear Abby
(DBN)

Man Sets Fire to Gas Station While Trying to Kill a Spider
(DBN)

Lawyer Labeled a “Fool” By Judge Over His Divorce Action
(DBN)

Report: Baltimore police ignored Freddie Gray's pleas for medical attention
(DBN)

Mom sues day care over alleged ‘fight club’
(DBN)

"Queen Of Earth" - Don't See It If You Are Verging on Nervous Breakdown
(DBN)

Man Is Facing Felony Rap For Spoon Theft
(DBN)

Take a Valium, Lose Your Kid, Go to Jail
(DBN)

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Judges:

Federal Judge Delivers Another Blow to SEC’s In-House Court
(DBN)

SCOTUS justices should reveal their votes on cert petitions, law prof argues
(DBN)

NPR reporter shares untold stories of Supreme Court
(DBN)

Chief Justice Roberts' record isn't conservative enough for some activists
(DBN)

Supreme Court Justice visits UK, interviews himself
(DBN)

Judge Who Grilled Attorney for Absenteeism Reversed
(DBN)

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Wall Street:

Stock futures mired in red
(DBN)

Stocks Slump Toward Worst Quarter in 4 Years Amid Fed Confusion
(DBN)

Cash beats stocks, bonds for first time in 25 years
(DBN)

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Layoffs:

Document Reveals How Deutsche Bank Fires Traders With a ‘Thank You
(DBN)

Haggen's tailspin will cost 200 Washington jobs
(DBN)

ConAgra CEO says cost-cutting likely to include layoffs
(DBN)

Univ. AZ cuts 320 jobs to save $21 million
(DBN)

U.S. Steel says it may cut 210 more jobs
(DBN)

Cenovus Energy says 540 layoffs coming in the next few weeks
(DBN)

21 signs you're about to be fired
(DBN)

National and State by State Unemployment Rates
(DBN)

Animated Map of Unemployment
(DBN)

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Healthcare:

Facing insolvency, Health Republic Insurance of New York co-op is closing Regulators Shut Down Health Republic, Company likely to become Financially Insolvent
(DBN)

Forest Park landlord Sabra to provide $18.5M loan to help Frisco hospital restructure
(DBN)

Inside Forest Park Frisco's Chapter 11 Filing
(DBN)

Proton Therapy Center in Bankruptcy Report: Billionaire Kelcy Warren demands changes at unbuilt Dallas cancer center after investment of millions was spent elsewhere Billionaire Kelcy Warren wants his $20M back
(DBN)

EPCH meets deadline; UMC attorneys reviewing response Judge will allow UMC to make case for presenting plan to get Children's out of bankruptcy
(DBN)

Talks mean little to Children’s case
(DBN)

UMC proposes to choose El Paso Children's Hospital CEO, board members
(DBN)

____________

Hollywood:

Relativity Reveals First Proposed Movie Sale in Bankruptcy: Thriller 'Collide' Relativity Asks Bankruptcy Court To OK Sale Of ‘Collide’ To IM Global
(DBN)

Relativity Media fetches little interest in open market Bidding for Relativity Media is expected to be muted Modest Offers For TV, And No Bid Overtakes Stalking Horse With No Bids for Relativity as a Whole, Company Likely to Go to Senior Lenders
(DBN)

Netflix pays $283 Million to use Relativity Films
(DBN)

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Coal:

Arch Coal Judge Has No Quick Answers in Suit to Allow Debt Swap Judge urges Arch Coal lenders to continue negotiating debt swap
(DBN)

Don't Blame Obama for the Slow Death of Coal in America
(DBN)

How Many Coal-Mining Companies Have Gone Bankrupt Since 2009?
(DBN)

Goldman Sachs: 'Peak coal' is coming
(DBN)

____________

Video Games:

RI legislators plan hearings on Studios 38 bankruptcy
(DBN)

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Gambling:

Fight for control of Diamondhead Casino moves to bankruptcy court
(DBN)

OTBs face insolvency , audit says
(DBN)

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Mass Torts:

Salmonella: Sentencing for managers who helped convict boss
(DBN)

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Golf:

Homeowners near defunct golf course get big win
(DBN)

____________

Retailing:

American Apparel could get kicked off the New York Stock Exchange American Apparel hires firm to quash growing ‘labor campaign’
(DBN)

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Shipping:

Risk Of Bankruptcy In Container Shipping Industry Remains High
(DBN)

Daiichi Chuo denies insolvency talk
(DBN)

____________

Fraud:

Promoters added to class action suit vs. TelexFree
(DBN)

SEC charges former SMF Energy officers with fraud
(DBN)

$1 Billion Cut-and-Paste Ponzi Claim
(DBN)

____________

Tax:

Michigan's New Offer in Compromise Program
(DBN)

Estate of Former Detroit Pistons Owner Sues Deloitte For $500 Million For Botching Tax Plan
(DBN)

____________


Economy:

Consumers Report Improvement in Overall Financial Situations
(DBN)

Everyone is Ignoring the Middle Class Squeeze
(DBN)

S&P U.S. distress ratio approaches four-year high
(DBN)

Bad Loans Remain Well Above Precrisis Levels
(DBN)

Q2 GDP Revised Even Higher to 3.9% Economy in U.S. Picked Up on Consumer Spending, Construction
(DBN)

Yellen returns to Washington; questions remain after health scare
(DBN)

The More Yellen Talks Up Inflation, the Less Traders Believe Her
(DBN)

Boehner: There will be no government shutdown; select committee will probe Planned Parenthood
(DBN)

With Boehner’s Resignation Comes Another Bout of Economic Uncertainty
(DBN)

US Household Wealth Hits $85.7 Trillion
(DBN)

The Richest Americans Are Cutting Debt Before The Fed Hikes Interest Rates
(DBN)

America's companies are hoarding $1.4 trillion in cash
(DBN)

Mayor Wants to Shame Welfare Recipients
(DBN)

US Debt Clock
(DBN

Economic Indicators Dashboard
(DBN)

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Real Estate:

Following Detroit bankruptcy, billionaires snap up prime real estate
(DBN)

The bad news isn't close to over for the housing sector
(DBN)

How strong is the mortgage market really?
(DBN)

MERS’ mortgage assignment authority upheld by three Federal Courts
(DBN)

The Cities Where Millennials Are Taking Over the Housing Market
(DBN)

A crumbling Philadelphia block drowning in debt
(DBN)

____________

Municipalities:

Puerto Rico Sends Reassurance as Debt Talks Poised to Begin
(DBN)

A Solution for Puerto Rico
(DBN)

Puerto Rico financing arm debt restructuring approaches
(DBN)

Key Puerto Rican debt holders circle wagons as restructuring talks take shape
(DBN)

Acosta to Testify At Senate Finance Committee s Puerto Rico Hearing
(DBN)

The Atlantic City savior who came up snake eyes
(DBN)

Rhode Island Averts Pension Disaster Without Raising Taxes
(DBN)

Judge to hear motion to dismiss CCFD bankruptcy case Firefighters, lawyers continue fight for future of Central Coventry Fire District
(DBN)

Scranton: 2016 called watershed year for Scranton to fix pensions, save city
(DBN)

Standard often cited in Kansas pension debates questioned
(DBN)

Houston union money blocks pension reform
(DBN)

____________

Autos:

VW staff, supplier warned of emissions test cheating years ago - reports Volkswagen's scandal is 'worse than Enron' UK braced for biggest class action suit against Volkswagen Volkswagen And The Failure Of Corporate Social Responsibility As Volkswagen Pushed to Be No. 1, Ambitions Fueled a Scandal VW Scandal to Hurt Its Financing Arm VW Diesels Were Used by Chrysler, Mitsubishi, But Was the Software? VW Managed Fake Test Results from Germany VW Staffers Suspended, but Not Fired The Long Road Ahead for Volkswagen How Volkswagen Could Compensate Diesel Owners Hopeful buyers think Volkswagen’s ocean of troubles might get them a showroom discount Volkswagen Scandal Spells Trouble From IPOs to Credit Market Germany sets deadline for Volkswagen car-fix plan Volkswagen's Audi says 2.1 million cars are fitted with emission-cheating software
(DBN)

4 reasons UAW members are voting against Chrysler deal
(DBN)

____________

Politics:

Shaffer: Trump's record shows plenty of business bombs Donald Trump's wins and losses in Atlantic City Bible-thumping by Donald Trump fails to win over religious right voters What Ronald Reagan Teaches Us About Donald Trump Trump: A 'large segment' of taxpayers will have zero tax rate if I am elected president Polls Show Trump is Still Winning Big Donald Trump's front-runner status has evaporated
(DBN)

Trump's Positive Image Fades, Carson's Up
(DBN)

Carly Fiorina Getting Attention in Iowa’s Romney Counties Fiorina's Falsehoods CEO Fiorina Really Was That Bad
(DBN)

Trust in Federal Gov't on Domestic Matters Edges to New Low by Jeffrey M. Jones The More Americans Know Congress, the Worse They Rate It
(DBN)

Majority in U.S. Maintain Need for Third Major Party
(DBN)

What's with Jeb's "Free Stuff" Remark?
(DBN)

Bernie Sanders is taking a 'bold position' on a hot-button issue for both parties
(DBN)

Hillary Clinton on her private email server: I had little to do with it
(DBN)

John Boehner Resigning From Congress Under GOP Pressure 72% of GOP Unhappy w/ Boehner, McConnell Furious Boehner Allies Lash Out The Hard Line in GOP Who Ousted Boehner McConnell Could be Hard Right's Next Target Obama: John Boehner Was a Good Man John Boehner's Legacy Post Boehner and Washington's Sense of Dread GOP Congressman King on Boehner's Exit: The Crazies Have Taken Over
(DBN)

____________

Oil/Gas:

Global job losses surpass 200,000, energy recruitment firm reports
(DBN)

Bankruptcy courts mop up oil bust
(DBN)

Credit Crunch, More Defaults: Things Could Get Ugly for Oil Investors
(DBN)

Junk-Debt Investors Fight for Scraps as U.S. Shale Rout Deepens
(DBN)

Protopapas: After months of leniency, banks getting tougher on struggling energy companies
(DBN)

How Many More Oil & Gas Companies Will File for Bankruptcy ?
(DBN)

Bills come due for the credit keeping oil firms afloat
(DBN)

Frackers could soon face mass extinction
(DBN)

Fracking Industry Going Bankrupt : Karma and Redemption
(DBN)

Reasons Why Energy XXI Is Not Going Bankrupt
(DBN)

Producers idle four more rigs
(DBN)

Hercules Offshore Wins Bankruptcy Plan Approval
(DBN)

Norway: Bergen Group's rig services subsidiary declares bankruptcy
(DBN)

Credit Suisse Warns of Oil Losses Pummeling Banks in Norway
(DBN)

Goodrich Petroleum bonds fall as co. enters into another distressed debt swap
(DBN)

San Antonio oil-and-gas startup attracting investor interest
(DBN)

Oil Crash Raises New Fears About Abandoned Wells
(DBN)

Long-Term Oil Prices: Goldman Sachs vs. OPEC
(DBN)

Cutbacks in the Bakken: Baker Hughes layoff of 117 employees biggest signal yet of slowdown
(DBN)

Halliburton to reportedly cut 100 employees in Grand Junction office
(DBN)

Oil, bonds go their separate ways
(DBN)

Saudi Arabia is hurting for cash?
(DBN)

Silicosis: New Fracking Worker Hazard
(DBN)

____________

Celebs:

David Cassidy's $2 million home sale approved
(DBN)

____________

Consumer Finance:

Pitfalls for the unwary on banking’s frontier
(DBN)

____________

Aviation:

MidAir USA files for bankruptcy , is late on Melbourne rent
(DBN)

Landing a mega-merger: The last days of US Airways
(DBN)

Arik Airline goes bankrupt
(DBN)

____________

Religion:

Pope vows to hold clergy accountable for sex abuse Pope Francis’s words on clergy sex abuse ring hollow for some survivors 'God Weeps' For Victims Of Sex Abuse Catholic abuse victims ask for more from Pope Francis visit Pope calls abuse victims 'heralds of mercy' Pope : Abuse Caused Great Harm Clergy Abuse Victims ' Group Slams Pope's 'Brief Chat'
(DBN)

Pope Scolds World Leaders on Global Economy, Climate Change
(DBN)

Pope meets prisoners at end of immigration-focused US visit
(DBN)

Could the Vatican face racketeering charges for harboring abusive clergy?
(DBN)

Pope Francis isn't the liberal rock-star that many Americans think he is
(DBN)

Congressman Steals Pope's Glass of Water, Drinks From It
(DBN)

____________

Heavy Equipment:

Caterpillar Woes Slam Suppliers
(DBN)

____________

Resorts:

Baha Mar Liquidators Claim 'Breakthrough'
(DBN)

____________

 


New Bankruptcy Opinions
(6 new opinions today - DBN)

Bankruptcy Court Web/Pacer Site Directory

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

Recent Ch. 11 Filings (24 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (10 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:

Top Chapter 11 bankruptcies in U.S. history
(DBN)

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Miscellaneous:

The Week Ahead
(DBN)

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Plan Confirmation:

Second Circuit Affirms Voiding of Secured Creditor's Lien Based on Plan's Failure To "Preserve"
(DBN)

Third Circuit Upholds Secured Creditor's "Gift" to Unsecured Creditors
(DBN)

____________

Avoidance Actions:

Sometimes You Want To Be Ordinary: Restructuring Payment of Past Due Accounts to Avoid Bankruptcy Preference Liability
(DBN)

____________

Litigation:

Remember At A Deposition You Are Building A Transcript
(DBN)

____________

Insurance:

Florida District Court Affirms Order Approving Settlement of Debtor’s Breaches Against its Former D&Os
(DBN)

____________

Education:

Judge Drills Down on Tuition Payments in Parents' Bankruptcy
(DBN)

Bankruptcy Is a "Huge Opportunity" to Privatize Schools Says EdBuild
(DBN)

____________

Corporate Reform:

Does the SEC pad annual enforcement statistics?
(DBN)

A Swiss watchdog is investigating collusion in the precious metals market by major banks
(DBN)

____________

Trucking:

Swift Transportation Cuts Outlook
(DBN)

____________

Mining:

Glencore Slumps Most Ever as Investec Sees Value Evaporating Glencore faces balance sheet 'Armageddon'
(DBN)

____________

Finance:

U.S. Junk Bond Rout Pushes Yields Past 8% as Treasuries Gain
(DBN)

____________

Electricity:

Oil's Hurting U.S. Power Generators, And They Don't Even Burn It
(DBN)

____________

Banking:

FDIC, Fed Must Face Payday Lenders' ‘Choke Point’ Lawsuit
(DBN)

____________

Venture Capital:

Quirky Failure Among Largest Recent Startup Flops
(DBN)

____________

Food/Beverage:

ShopRite parent to buy three Long Island A&P stores
(DBN)

A&P : More than 100 bidders in store auction
(DBN)

A&P to Sell 12 Stores to Wakefern Food for $40 Million
(DBN)

Judge approves sale of 95 A&P stores to Acme, Stop & Shop
(DBN)

Even the Wall Street Journal Smells a Rat in A&P Supermarkets Bankruptcy
(DBN)

Nobody wins in Haggen fiasco
(DBN)

The roller coaster rides of Haggen, Russell
(DBN)

How Blue Bell Blew It
(DBN)

___________

Forest Products:

Verso Corp. analysis: Debt, challenges loom
(DBN)

____________

Agriculture:

Bankruptcy court confirms sale of 1,151 acres
(DBN)

____________

Gadgets:

The real reason Quirky, a startup that raised $183 million, went bankrupt in 6 years
(DBN)

____________

Sovereigns:

S&P declares Ukraine in 'selective default'
(DBN)

Ukraine’s sovereign restructuring: launch of $18bn simultaneous exchange offers
(DBN)

Bolivia's Evo Morales On Sovereign Debt Restructuring
(DBN)

____________

UK:

Shane Filan on moving on from bankruptcy: 'Life is good again'
(DBN)

How football stars make their heyday last a lifetime
(DBN)

Fraud Allegations Haunt Former CEO of HashingSpace
(DBN)

Shakespeare's rags-to-riches story exposed as a myth by new research into Shakespeare family's finances
(DBN)

Steelmaker SSI UK to mothball Redcar plant, cut 1700 jobs
(DBN)

U.K. Labour Names Stiglitz, Piketty to Economic Advisory Panel
(DBN)

____________

EU:

Eurozone insolvencies to exceed 2007 level by 67% in 2016
(DBN)

A solution for Europe's problem loans
(DBN)

____________

PIIGS:

US official seeks to drop Drumm's claims against Anglo
(DBN)

Catalan Banks Now the Focus of a Heated Debate in Spain Spanish Bonds Rise as Catalonian Voters Reject Independence Bid
(DBN)

Greek Capital Controls Halt Exodus After Banks Lose $48 Billion
(DBN)

Tsipras pledges to lead Greece out of crisis by 2019
(DBN)

Cimoli among four convicted over Alitalia bankruptcy
(DBN)

UniCredit Said to Sell $1.3 Billion of Bad Loans to AnaCap
(DBN)

A fox inside the Greek henhouse
(DBN)

____________

Canada:

Join Our Bankruptcy Trustees
(DBN)

____________

Iceland:

Jailed Former Bank Exec “ Bankrupt ”
(DBN)

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Coal:

The "Hard-Landing" Has Arrived: Chinese Coal Company Fires 100,000
(DBN)

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China:

Overcapacity a time bomb for China's economy
(DBN)

Chinese Coal Miner Longmay Slashes Workforce to Survive Glut
(DBN)

Chinese industrial profits just logged the largest annual decline on record
(DBN)

____________

Brazil:

Rousseff Worried About Brazilian Companies With Dollar Debt
(DBN)

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Venezuela:

Venezuela Economic Crisis to Only Get Worse, Barclays Says
(DBN)

____________

Netherlands:

Propertize Said Planning Sale of $4.8 Billion Bad Loans
(DBN)

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