April 11, 2016

The Daily Bankruptcy News

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3-Column Formating

 

Law:

Associate Bonus Watch: Spring Bonuses?! Is This Real Life?!
(DBN)

Americans Rank Law Firms Dead Last In Commitment To Diversity
(DBN)

Half of Allen & Overy’s new London partners are women
(DBN)

Customer service 'tipping point' approaches for law firms, warns report
(DBN)

Behind MoFo's 'Subversive' Name
(DBN)

Who Will Represent the Firm Behind the 'Panama Papers'? Firms’ eerie silence after Panama leaks
(DBN)

GE’s former GC Talks About the ‘Money Chase’ and Why Legal Profession Not in Decay
(DBN)

Quote of the Day: Law Firms Don’t Belong in Management Hall of Fame
(DBN)

Fox Rothschild Settles Tax Dispute With U.S. Virgin Islands Over Tax Claimed For Work On A Bankruptcy Case
(DBN)

Corporate lawyer with ‘spotless record’ faces RICO case over client’s payday loan business
(DBN)

Inside the law firm that helps the super rich hide their money
(DBN)

Settlement Reached In Litigation Between Alan Dershowitz, Paul Cassell, And Bradley Edwards Dershowitz Settles, But Is He Vindicated? Alan Dershowitz Extends Truce Offer to David Boies Amid Bitter Feud
(DBN)

Avoiding Conflicts Up Front
(DBN)

Sleep Deprived: We're Recharging Our Phones, But Not Ourselves
(DBN)

Apple fans aren't impressed with the iPhone's hottest new feature
(DBN)

The one trait all successful people have in common
(DBN)

7 tricks to instantly appear competent
(DBN)

The FBI says there's been a 'dramatic rise' in an email scam that has stolen more than $2.3 billion
(DBN)

FBI director reveals why he puts tape over his laptop’s webcam
(DBN)

Now the battle between Apple and the government turns on a Brooklyn iPhone FBI's iPhone Hack Works on 'Narrow Slice of Phones': James Comey Senate Bill Forces Tech Firms to Hack Devices
(DBN)

Prank caller tricks Burger King workers into smashing windows
(DBN)

Suspects in Bizarre Los Angeles Police Chase Arrested
(DBN)

Religious Freedom vs. Equal Rights Why NFL won't shun North Carolina in wake of controversial bill In Southern fight over LGBT rights, a new kind of separatism Clay Aiken hits out at NC bathroom law, chides Trump Tennessee's anti-transgender bathroom bill, explained Bryan Adams Cancels Mississippi Concert
(DBN)

2016 Religious Law School Rankings
(DBN)

The Most Diverse Law Schools
(DBN)

Is This Law School Making 3L Year A Joke?
(DBN)

Law Professors Say Posting ‘All Lives Matter’ Flier Was ‘Incident Of Intolerance'
(DBN)

A disturbing detail about former US house speaker’s alleged abuse Hastert's Rise: The Irony and the Awfulness Denny Hastert's Hometown Turns on Him How the Feds Caught the Ex-Speaker of House
(DBN)

'Selfie' arsonist gets 20 years, $60 million fine
(DBN)

Due to lack of counsel, New Orleans judge freezes cases against 7 inmates and orders their release
(DBN)

The Hulk Hogan Leg Drop On The First Amendment
(DBN)

Is The Criminal Case Against Trump’s Campaign Manager Hitting A Bump?
(DBN)

Fired trooper rants about preaching to pulled-over drivers: ‘I’m a soldier for Jesus Christ’
(DBN)

Ex-cop drank poison in court as jury foreman read guilty verdict for molesting 9-year-old family member
(DBN)

Virginia Can No Longer Give Tickets To Cars At Inspection Stations Awaiting Inspection
(DBN)

Grandstanding motions could bring sanctions, judge warns in suit over lawyer ‘conflicteneering’
(DBN)

Client arrested in fatal shooting of clerk at St. Paul law office who wanted to be a lawyer
(DBN)

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Judges:

Mary Kay Vyskocil Sworn in as a U.S. Bankruptcy Court Judge
(DBN)

Senate Does Nothing? Obama Can Appoint Garland to Supreme Court
(DBN)

Will this GOP senator get nominated to the Supreme Court if a Republican becomes president?
(DBN)

Chuck Grassley’s Supreme Court Coup The Supreme Court Extremism of Clarence Thomas and Chuck Grassley
(DBN)

So Far There's Not Much Dirt on Obama's Supreme Court Pick Supreme Court nominee moderate who can go hard left or right
(DBN)

It's Not Just The Supreme Court. Republicans Are Screwing Lots Of Other Courts Too.
(DBN)

Supreme Court: Last Grown Ups in DC
(DBN)

Sotomayor Regales Law School Students in Brooklyn
(DBN)

Justice Sotomayor Calls for More Supreme Court Diversity On court diversity, Justice Sonia Sotomayor sounds like Scalia
(DBN)

How Supreme Court Legitimacy is Shaped
(DBN)

Why SCOTUS Makes Justices More Liberal
(DBN)

Writ asks Florida’s top court to block assignment of senior judges ‘for unlimited periods of time’
(DBN)

Federal judge describes her experience with ‘brutal’ home invaders at their sentencing
(DBN)

Legal Heavyweights Take Their Case To… Small Claims Court
(DBN)

Benchslap Of The Day: Puerto Rico Not So Suave
(DBN)

Why I refuse to send people to jail for failure to pay fines
(DBN)

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Wall Street:

Stock futures rise as dollar steadies, investors wait for Alcoa
(DBN)

U.S. Stocks Peter Out Into the Close
(DBN)

Wall Street’s Playbook for Managing Millennials
(DBN)

A $2.5 Billion BDC Halts Redemptions After Limit Reached
(DBN)

Woman Who Describes Laying Unsolicited Kisses On Investors As ‘Part Of The Game’ Thinks She’s A Victim Of The Double Standard
(DBN)

Wall Street Wages Double in 25 Years as Everyone Else's Languish
(DBN)

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Layoffs:

No WARN Act violation where sudden funding failure led to after-the-fact layoff notices
(DBN)

Fed: U.S. oil job cuts reach about 118,000
(DBN)

American Apparel cuts 80 garment jobs in Garden Grove, 300 in Los Angeles
(DBN)

A warning of major layoffs at STI
(DBN)

CT: Up to 4,000 State Employees Could Face Layoffs: Malloy
(DBN)

National and State by State Unemployment Rates
(DBN)

Animated Map of Unemployment
(DBN)

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Fraud:

For US tax cheats, Panama Papers reveal a perilous new world Feds 'Chomping at the Bit' to Use Panama Papers to Catch Criminals The Treasury Department's next target? Shell companies. Unintended Consequences of the Panama Papers David Cameron's Panama Papers Show How Little Offshore Tax Dodging Is Going On Why 'in-law' is banned in Beijing Panama Papers: UK PM sets up anti-tax dodging task force Just the latest lift of the bank-secrecy veil Police raids Mossack Fonseca's El Salvador branch How Panama ended up in the middle of a financial scandal The Geography of Financial Secrecy Is Cameron next? Thousands protest in London over Panama Papers A Contrite Cameron Releases Details of His U.K. Tax Returns U.K.'s Cameron Broke No Laws in Panama, Nobody Cares A British Dallas connection to the Panama Papers ... and a lot of things Panama Papers: Questions for the Argentine President A Crooked World Needs Panama German finance minister suggests plan to combat tax havens Why You Should Care About Panama Papers SRA orders law firms to probe links to ‘Panama Papers’ Report: Ex-bank chairman had offshore account The Panama Papers Explained In One Simple Graph
(DBN)

Federal Probe Expands to Nonprofit Tied to New York Mayor Bill de Blasio
(DBN)

$12M Ponzi scheme tied to NYPD corruption probe, officials say
(DBN)

Feds: New York Man Ran $12 Million Wholesale Liquor Ponzi Scheme
(DBN)

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Retailing:

Sears Gets $500 Million Loan as Lampert, Gates's Cascade Jump In Sears Taps Bill Gates's Fortune in Latest Borrowing Why Sears Holdings Corp. Dropped 12% in March
(DBN)

PacSun made one mistake that ruined its business The Long, Agonizing Fall of PacSun
(DBN)

Things Remembered Hires Financial Adviser - FTI
(DBN)

Teen retail's overlooked disadvantage
(DBN)

Hancock Fabrics owes nearly $84 million to creditors
(DBN)

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Healthcare:

Cancer's sinister side effect: Financial toxicity
(DBN)

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Coal:

As coal company profits fell, mining firms rewarded executives
(DBN)

Put miners ahead of coal company execs
(DBN)

Uncertain future for Wyoming's laid off coal miners
(DBN)

Peabody Coal: It Ain't Over Til It's Over
(DBN)

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Defaults:

Oil And Gas Sector Troubles Drive Corporate Default Rate To Highest Level In Seven Years: S&P
(DBN)

Corporate Defaults Hit Seven-Year High
(DBN)

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Cruise Ships:

Casino cruise ship in troubled waters may face bankruptcy
(DBN)

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History:

For Harry Truman, the Buck Stopped at a Brush With Bankruptcy
(DBN)

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Economy:

Q1 Economy Looks Bleaker by the Day
(DBN)

The Party's Over
(DBN)

Global economic recovery ‘in danger of stalling’
(DBN)

IMF's Lagarde on World Economic Situations Q&A With Christine Lagarde: Finance's Firefighter Wants to Be Its Architect
(DBN)

The U.S. economy: Goldilocks it’s not
(DBN)

Why the worst earnings quarter since 2009 may be a good thing
(DBN)

Roughly half of Americans face this $430,000 penalty
(DBN)

Consumer Borrowing for Auto, Student Loans Increases in February
(DBN)

Rosengren: These 5 charts show how the market is wrong about interest rates
(DBN)

Real-Time GDP Tracker Gains a Following — And Some Criticism GDPNow
(DBN)

Why the drop in income inequality?
(DBN)

The most depressing chart in the world
(DBN)

The Strange Case of the Missing Crisis
(DBN)

Jobs easier to find; good paychecks a lot harder
(DBN)

For a shocking number of millennials, no job will ever be good enough
(DBN)

Who Has Two Thumbs And Is Wrong About The Financial Crisis?
(DBN)

Government Spending Cuts Escalate Clashes Over Monetary Policy
(DBN)

Obama Readies Flurry of Regulations
(DBN)

Sorry Paul, but the Bailout WAS about the Banks
(DBN)

JPMorgan: US economy will face economic tragedy in 10 years
(DBN)

US Debt Clock
(DBN

World Debt Clock
(DBN)

Economic Indicators Dashboard
(DBN)

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Real Estate:

Can Assigned Rents Be Excluded From a Debtor’s Estate? In Michigan, Absolutely.
(DBN)

Housing Bust Lingers for Generation X
(DBN)

Yale Law Students Help Foreclosure Victims With New Program
(DBN)

How to Solve the Housing Crisis: More Lawyers
(DBN)

All the crazy things happening because of San Francisco's ridiculous housing prices
(DBN)

It's official: Wells Fargo reaches largest settlement in FHA history
(DBN)

Prices chopped for over 30% of NYC penthouses
(DBN)

Sutton Place Tower Debacle Points To Fears Over Luxury Market Slowdown
(DBN)

Bankruptcy Is Bellwether of New York’s Condo Market
(DBN)

Williamsburg senior center landlord rejects $8.8m buyout offer, files for bankruptcy instead
(DBN)

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Municipalities:

Puerto Rico governor declares emergency at Government Development Bank
(DBN)

Puerto Rico Rescue Bill Nears Completion in House Committee Revised Puerto Rico Bill to Be Released Monday
(DBN)

Puerto Rico Debt Crisis Reaches New Heights - What's The Solution?
(DBN)

Clinton Courts the Latino Vote in Brooklyn, Expresses Support for Puerto Rico Bankruptcy Protection
(DBN)

As Puerto Rico Nears Record Default, Insured Investors Rest Easy
(DBN)

Atlantic City's pain reaches beyond its borders
(DBN)

Is proposed state takeover of Atlantic City legal?
(DBN)

Christie's hard line on Atlantic City: What happened to compromise?
(DBN)

Judge denies Christie's move to freeze Atlantic City funds in school fight
(DBN)

Bankruptcy battle threatens a summer chill in Atlantic City
(DBN)

Veteran Assembly Leader Caputo Urges Governor to Compromise
(DBN)

State's involvement in A.C. stretches back decades
(DBN)

For Some Assembly Republicans, Path Forward on AC Remains Unclear
(DBN)

Assembly committee backs alternate A.C. plan
(DBN)

David Tepper relocation to Florida has New Jersey leaders freaking out
(DBN)

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Environmental:

Judge wants more information on deal with Freedom executives
(DBN)

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Television:

Your Cable Company Was Just Placed on Life Support
(DBN)

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Compensation:

CEO pay took its biggest nosedive since the financial crisis
(DBN)

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Pensions:

The US government is facing a retirement crisis - $20.4 trillion retirement problem
(DBN)

US faces 'disastrous' $3.4tn pension funding hole
(DBN)

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Oil/Gas:

Oil edges lower, catching its breath after last week’s jump
(DBN)

U.S. oil rig count drops by eight, Baker Hughes says
(DBN)

U.S. Oil And Gas Continues To Thrive In The Permian Basin
(DBN)

US shale oil firms feel credit squeeze as banks grow cautious Banks Are Giving Shale Drillers a Painful Credit Squeeze
(DBN)

The Invisible Money Makers Who Thrived During 2015's Oil Slump
(DBN)

Saudi Oil Gambit Moves to Phase Two
(DBN)

Are The Saudis And Russians Deliberately Sabotaging Doha?
(DBN)

OPEC's days as economic force are 'over'
(DBN)

Struggle For Libya’s Oil Wealth Reaches Climax
(DBN)

'The great oil divergence of 2016' could be underway
(DBN)

The Oilfield Services Model Is Broken
(DBN)

Where's the Outrage? Energy CEOs Reap Millions While Their Companies Incinerate Value
(DBN)

North American Oil and Gas Producers’ Debt Rose in 2015
(DBN)

Crude Speculators Got Short … and Got Crushed
(DBN)

Shell, Chevron and Total have debt ratings cut by Moody's on price ... Three Oil Majors Have Debt Ratings Cut by Moody's on Price Rout
(DBN)

New Mexico oil drillers hang on amid rig reductions
(DBN)

Rising hotels face deflation of bust
(DBN)

Cheap Bond Funds Fueled Oil Bubble as Byproduct of Indexing
(DBN)

Poverty in Russia rising at fastest pace since 1990s turmoil
(DBN)

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Personal Finance:

6 hard-learned lessons that can help fix your financial problems
(DBN)

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Alternative Energy:

Financial turmoil at SunEdison imperils solar projects worldwide
(DBN)

IEA: China, Japan, U.S. leading solar energy boom
(DBN)

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Music:

Fraud Lawsuit Filed By Sony Music Against Rdio Executives
(DBN)

SFX Bankruptcy Court Allocates $15 Million In Payments To Artists
(DBN)

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Celebs:

10 Celebrities With Major Debt
(DBN)

Abandoning Abby? Maddie Ziegler Quits ‘Dance Moms’ Amid Miller Fraud Case
(DBN)

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Gambling:

Trump: Plaza and Taj Mahal casinos too shabby to bear his name anymore
(DBN)

Alabama attorney general deems daily fantasy sports sites illegal
(DBN)

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Corporate Reform:

Elizabeth Warren and Charles Schumer Block SEC Nominees
(DBN)

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Debt Collection:

But Who Cares If You Were Actually Confused? No Proof of Confusion Required for Claims Under Section 1692g of the FDCPA
(DBN)

FDCPA Claim Based on "Community Discharge" Fails
(DBN)

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Distressed Investing:

Investors Pour $1.2B into US High Yield Bond Funds
(DBN)

US Leveraged Loan Funds see $262M Cash Withdrawal
(DBN)

The old bets on defaulted bonds won’t work this cycle
(DBN)

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Food/Beverage:

How Amazon Will Kill Your Local Grocer
(DBN)

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Steel:

The Death of Steel. The Bankruptcy of Steel Manufacturing
(DBN)

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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 (23 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (15 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:

Bankruptcy Developments and Trends – A Look Back at 2015 and Into 2016
(DBN)

The Week Ahead
(DBN)

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Cross-Border:

Winsway Seeks Chapter 15 in U.S.
(DBN)

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Trustees:

Bankruptcy Trustee Challenges Suspension
(DBN)

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Mediation:

They’re in a bit of a pickle–Part One: Mediation Confidentiality in Chicago’s Bankruptcy Court
(DBN)

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UCC:

UCC timeline
(DBN)

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TBTF:

Jack Lew’s MetLife Tantrum
(DBN)

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Mail:

Cost of mailing a letter drops to 47 cents, reduction could cost Postal Service billions
(DBN)

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Politics:

Trump Has Been Donating Free Rounds of Golf to Charities Instead of Cash Donald Trump took a massive gamble in Atlantic City ... it didn't pay off The Many Scandals of Donald Trump: A Cheat Sheet Trump extends his national lead over Ted Cruz and John Kasich A hair surgeon explains what's going on with Trump's hair Rosie O'Donnell slams Trump in song Donald Trump's Health Care Ideas Bewilder Republican Experts Boston Globe Stirs Controversy with ‘Trump’s America’ Faux Front Page Donald Trump sued for allegedly inciting crowd at Louisville rally Trump’s Ascent Poses Risks for Down-Ballot GOP Candidates Trump’s past in Indiana: ‘a lot of bling and bluster’ What Donald Trump Doesn’t Understand About Negotiation Why Trump Is Doomed With Black Voters A strangely muted Trump gives a lackluster performance on his home turf in New York Remittances, explained for Donald Trump (and everyone else) Are people losing interest in Donald Trump? This chart points to yes Delegate System Gives Trump 22% Bonus
(DBN)

The Boston Globe imagined how it would cover a President Donald Trump
(DBN)

Even Republicans Don't Like Trump or Cruz
(DBN)

Ted Cruz locks up a clean sweep of Colorado delegates
(DBN)

Obama: Trump, Cruz doing Democrats a 'favor' in campaign
(DBN)

Why John Kasich refuses to drop his campaign
(DBN)

Obama ‘Guarantees’ Unbiased Clinton Email Probe
(DBN)

Krugman: Sanders Over the Edge Bernie Sanders’s invitation to the Vatican has church officials squabbling Bernie Sanders's current national poll performance is his best ever
(DBN)

Saturday Night Live 's Hillary Clinton Not Rattled by the 'Slow, Old Jew' Who Keeps Getting in Her Way
(DBN)

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Newspapers:

This CEO explains why he bought a newspaper when print is in terminal decline
(DBN)

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Student Debt:

College buyer's remorse is real
(DBN)

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Golf:

New Seabury Members File In Bankruptcy Court To Stop Membership Changes
(DBN)

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Education:

The Pillaging of America's State Universities
(DBN)

Obama: Community college should be ‘as free and universal in America as high school’
(DBN)

State AGs Ask Feds to Dump For-Profit College Accreditor
(DBN)

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Shipping:

Supertanker Half-Empty Mood Returns in Shipping Market
(DBN)

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Tax:

Paul Ryan and the 'ridiculous notion' of tax distribution
(DBN)

11th Circuit Issues Important Opinion On What Constitutes A "Return" For Purposes Of Determining What Taxes Are Dischargeable Pursuant to §523(a)(1)
(DBN)

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Precious Metals:

Precious metals firm put under Chapter 11 trustee
(DBN)

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Religion:

Catholic archdiocese vs. insurer in priest abuse cases
(DBN)

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Sovereigns:

Prat Gay: Argentina eyes Article IV review in September
(DBN)

Argentina launches bond comeback roadshow Details of 'roadshow' to lure international creditors emerge
(DBN)

Argentina to Cap New Bond at US$15 Billion: Sources
(DBN)

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UK:

Britain's steel industry is being pulled back from the brink of destruction
(DBN)

Partner exodus hits KWM
(DBN)

Recognition of foreign insolvency proceedings under the Model Law
(DBN)

'Food producer insolvency number triples' amid supermarket price wars
(DBN)

The cost of misbehaving for U.K. banks — $75 billion
(DBN)

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EU:

A French bank boss says he's 'much more worried than I was in 2009'
(DBN)

Germany’s Schäuble: Time Is Near to End Central Banks’ Easy-Money Policies
(DBN)

Why Europe's Banks Don't Have Enough Capital
(DBN)

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PIIGS:

Greece Hopes for Draft Agreement With Creditors But IMF, EU Rift Remains German finmin: Solution on Greece will be found soon but without debt relief Frustration grows over policy mix German Finance Minister 'Fairly Optimistic' About Greece Greece Points Finger at IMF for Bailout Delay as Talks Continue Athens seeks swift deal with creditors, as funding hinges on review, debt talks Greece's Lenders Propose Drastic Cuts on Supplementary Pensions Greece, creditors grind on after all-night talks Tsipras demonizes IMF to rally troops for bailout sacrifices
(DBN)

Spanish consumers win supreme court victory on mortgage payments
(DBN)

Italian Bank Stocks Surge on Rome's New Bad-Debt Plan
(DBN)

Italy to Miss Previous Debt Target as Growth Forecast Cut
(DBN)

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Canada:

Benitah fashion retail empire straining under multiple bankruptcy filings
(DBN)

Crystallex awarded US$1.4B for loss of Las Cristinas project
(DBN)

Oppression remedy lawsuit against corporate directors reaches Supreme Court of Canada
(DBN)

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Austria:

Heta Creditors Said to Seek Backers for Offer in Debt Stalemate
(DBN)

Bondholders in Austrian ‘bad bank’ Heta hit by significant haircut Heta's Creditors Forced to Share Losses by Austria Regulator
(DBN)

Heta Creditors Hold Carinthia Talks After Regulator Cuts Debt
(DBN)

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China:

China unloading its biggest problem on the rest of the world
(DBN)

China eyes revamp of sovereign bonds
(DBN)

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Czech Republic:

Czech coal group's future hangs in balance Czech miner NWR creditors push for aid deal to avoid insolvency
(DBN)

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Norway:

Norway’s high-yield bond market becomes latest casualty of oil turmoil
(DBN)

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Brazil:

Oi's Debt Restructuring: A 4-Player Chess Game
(DBN)

Lessor rights in airline bankruptcy proceedings
(DBN)

Brazilian court orders TelexFree owners to pay $130 million in taxes
(DBN)

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Venezuela:

Venezuelans Get Fridays Off in Government’s Latest Bid to Save Energy
(DBN)

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Australia:

Debt-laden Australian steelmaker Arrium could survive, administrator says Arrium's Whyalla steelworks can be saved: administrator
(DBN)

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