April 26, 2016

The Daily Bankruptcy News

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3-Column Formating

 

Law:

Which BigLaw firms had the biggest changes in gross revenues?
(DBN)

Growth in BigLaw slows to lowest level since recession; a ‘daunting year’ lies ahead
(DBN)

Law Firm Leaders React to a Year of Slow Growth
(DBN)

More Law School Applicants Expected for Fall Semester
(DBN)

Startup Plans to Rate Lawyers Based on Court Records and Win-Loss Stats
(DBN)

Another Merger That Wasn’t — Here’s to Dreaming What Could Have Been Dust Settles on Aborted Pepper Hamilton-Reed Talks
(DBN)

Law Firms Fuel Up on Energy Sector Bankruptcies
(DBN)

Coming and Going Concerns
(DBN)

Firm Name on Hastert Support Letter Was 'Mistake,' Mayer Brown Partner Says
(DBN)

Report: Who Won (and Lost) the Most Big-Ticket Trials in 2015
(DBN)

Am Law 100 Market Reports: Location, Location, Location
(DBN)

Steptoe Associate Killed in Freak Florida Traffic Accident
(DBN)

Unpaid legal interns' work can be billed to clients as fees or costs, NY state bar ass'n says
(DBN)

Nearly one-fourth of Texas law grads are unemployed or underemployed
(DBN)

It's Not Always Great to Be the GC
(DBN)

Bankruptcy Lawyer: The Trouble With Selecting The Best
(DBN)

3 Thoughts On Trial Experience
(DBN)

Should nonlawyers be allowed to own law firms? ABA commission revisits the issue
(DBN)

8 Ways to Improve Your Law Firm's Customer Service
(DBN)

Deutsche Bank Board Erupts Into Conflict Over Legal Expenses
(DBN)

Want a new iPhone? What to buy (and skip) in May
(DBN)

Paper vs. Pixels: How to incorporate big data into your day-to-day toolkit
(DBN)

New iPhone 7 Details Reveal Bad News For Apple
(DBN)

17 things every modern gentleman should have in his closet
(DBN)

New Haven Bankruptcy Lawyer In Deeper Trouble
(DBN)

Bankruptcy credit card fee payment generates lawsuit
(DBN)

Lawyer sends demand letter seeking $252.25 because his lunch lacked a cup of soup
(DBN)

Tom Brady of New England Patriots has four-game suspension for Deflategate reinstated by appeals court 'Leave Tom Brady alone!' Donald Trump defends Tom Brady Tom Brady got hammered for destroying his cellphone by the judges in the Deflategate appeal Why the NFL Won its ‘Deflategate’ Appeal
(DBN)

Cleveland To Pay $6 Million To Settle Tamir Rice Lawsuit Cleveland pays $6 million to Tamir Rice’s family—and the cop who killed him got off scot-free Cleveland police union's bizarre statement on Tamir Rice settlement
(DBN)

5 ex-police officers admit guilt, get greatly reduced sentences in Katrina bridge-slayings plea deal
(DBN)

Fox News's Chris Wallace calls out North Carolina's anti-LGBTQ law
(DBN)

Lawyer says she’s taking Glock to Target ladies’ room: ‘It identifies as my bodyguard’
(DBN)

Entire police force in Colorado town resigns Atlanta Journal Constitution , 3 hours ago Atlanta Journal Constitution 3 hours ago Atlanta Journal Constitution Entire police force in Colorado town resigns
(DBN)

Court smacks down Kansas Christians for labeling evolution a religion to force school ban
(DBN)

Legal experts mock Ammon Bundy defense for ignoring ‘unmistakable legal reality’
(DBN)

Did litigation kill the Beatles?
(DBN)

Erin Andrews settles with Nashville hotel in peephole-video stalking case
(DBN)

Facebook threat targeted executed Ohio family
(DBN)

Solving Mysteries: Lawyers play detective in legal writing
(DBN)

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Judges:

When Judges Wanted to Get Paid, They Went to Court
(DBN)

Kansas Supreme Court issues three opinions then overrules them on the same day
(DBN)

Senate hold on Merrick Garland nomination is unprecedented, almost
(DBN)

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Wall Street:

Stocks Inch Higher Ahead of Central Bank Meetings U.S. stock futures rise as earnings deluge begins
(DBN)

Stocks Slip
(DBN)

Lazard Ltd Price Target Cut to $49.00 by Analysts at Nomura
(DBN)

Bove: Goldman Sachs must 'rethink its strategy' after 'lost decade'
(DBN)

Perella Weinberg Seeks Partner Amid M&A Slump
(DBN)

Something 'very rare' just happened in the S&P 500
(DBN)

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Layoffs:

Retail layoffs in 2016 could be highest since 2010
(DBN)

National and State by State Unemployment Rates
(DBN)

Animated Map of Unemployment
(DBN)

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Alternative Energy:

SunEdison Joins Crowded List of Commodity Bankruptcies This Year
(DBN)

Does SunEdison Have Energy to Handle Crises?
(DBN)

Yieldcos enabled SunEdison's debt-fueled acquisition spree
(DBN)

Sunedison Stock: Bankruptcy , DIP, And More
(DBN)

The SunEdison Story: A Few Takeaways
(DBN)

SunEdison roundtable tackles recovery, cash flow and possible points of contention
(DBN)

Trina Solar, JA Solar may get burnt in SunEd bankruptcy
(DBN)

SunEdison's Chatila Still CEO of Complicated Clean-Energy Giant
(DBN)

SunEdison Investigation Request Delayed
(DBN)

SunEdison’s upstream suppliers hit hardest with US$321 million owed in bankruptcy
(DBN)

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Shipping:

Former Hanjin Shipping Chief’s Controversial Stock Sale To Be Investigated
(DBN)

Creditors want Hanjin Shipping to bear more pain
(DBN)

Cho digests loss of shipping firm
(DBN)

Restructuring to focus on shipbuilders and shippers
(DBN)

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Distressed Investing:

IFC And Apollo To Launch $1B Emerging Market Distressed Debt Fund
(DBN)

Goldman Getting Bullish on High-Yield Bonds
(DBN)

Defaults among junk-rated emerging market firms ticking higher
(DBN)

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Computers:

Dell could face 10% interest on junk bonds to fund EMC acquisition
(DBN)

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Healthcare:

What research on English dukes can teach us about why the rich live longer
(DBN)

Liquidation begins for failed Obamacare insurer
(DBN)

Feds: No delay for Qamar suit following bankruptcy filing
(DBN)

Bankrupt Texas stent maker accused of defrauding investors in stock sale
(DBN)

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Student Debt:

Student debt surpassed $1 trillion four years ago today. Here’s why it’s still growing
(DBN)

Want to Avoid High Student Loan Debt? Don’t Go to School in These States
(DBN)

New Student Loan Repayment Process May Help End Confusion
(DBN)

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Newspapers:

Newspaper deal would solve Tribune’s woes Tribune to consider Gannett’s $815m offer
(DBN)

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Economy:

Expect Janet Yellen to remain dovish at this week's Fed meeting: Strategist
(DBN)

Is ‘Secular Stagnation’ Too Pessimistic?
(DBN)

What to expect in the Fed’s statement
(DBN)

A strong dollar puts the squeeze on U.S. manufacturers
(DBN)

Founding Fathers and Economic Inequality
(DBN)

How the Fed ignored the constitution and played favorites during crisis
(DBN)

The Ugly Truth About A $15 Minimum Wage
(DBN)

The US government's $19 trillion debt isn't a problem
(DBN)

The Growing College-Degree Wealth Gap
(DBN)

Taxpayer Subsidies to Companies Fall 70% as U.S. States Pull Back
(DBN)

None of the candidates’ tax plans add up: Ex-US comptroller general
(DBN)

Political headwinds blow back on global trade deals
(DBN)

Americans in debt trying to project luxe life
(DBN)

America's part-time workforce is huge
(DBN)

The Poverty of the Wealth Effect
(DBN)

Millennials are now America's largest living generation
(DBN)

US Debt Clock
(DBN

World Debt Clock
(DBN)

Economic Indicators Dashboard
(DBN)

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Real Estate:

New Home Sales decreased to 511,000 Annual Rate in March Comments on March New Home Sales New Home Sales Drop on West's Decline
(DBN)

House Price Index up 0.7% in February, Up 5.3% year-over-year
(DBN)

Richmond: Involuntary bankruptcy petition filed against Tiber, Libbie Ave. area luxury condo project
(DBN)

The housing crunch is forcing the middle class out of major American cities
(DBN)

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Municipalities:

John Oliver uses ‘Hamilton’ creator to explain Puerto Rico's debt
(DBN)

Attack ads complicate Congress’ efforts to help Puerto Rico avoid default
(DBN)

'Hamilton' creator offers Ryan a deal: Personal performance for Puerto Rico bill
(DBN)

Whether Congress Acts On Puerto Rico's Financial Crisis Or Does Not, The U.S. Supreme Court Will Likely Determine The Fate Of Puerto Rico's Investors
(DBN)

GOP battles bailout perception on Puerto Rico
(DBN)

DPS keeps $30M in federal aid meant for pensions
(DBN)

How Wall Street enabled Detroit's collapse
(DBN)

____________

Oil/Gas:

Mon.: Oil Wavers as Traders Take Profits
(DBN)

BP eyes more spending cuts after 80% profit drop BP says first quarter earnings slumped by 79 per cent
(DBN)

Swift Energy emerges from bankruptcy
(DBN)

'Life Has Changed' For Halliburton
(DBN)

Offshore-drilling company got 90% discount on rig
(DBN)

Oil And Natural Gas Crisis: 5 Bonds That Are Betting On Bankruptcy
(DBN)

Sterling Energy Says First Quarter Loss Widens
(DBN)

Linn Energy: Has The Funeral Been Postponed?
(DBN)

Hercules Offshore could be pushed back into bankruptcy Hercules Offshore in dispute with lenders after emerging from bankruptcy
(DBN)

Middle East Economies Face Oil Revenue Fall, IMF Says Cheap Oil Shaved $390 Billion From Mideast Economies in 2015, IMF Says IMF expects $500B revenue loss for Mideast oil exporters
(DBN)

Energy Sector’s Stock Recovery Outpacing Actual Results
(DBN)

Next oil downturn? Looming gasoline glut threatens crude's rebound
(DBN)

Oil Outlook: Are Markets Stabilizing?
(DBN)

Amid Bust, Oil Companies Can Cut Costs By Going Digital
(DBN)

SembMar’s slide deepens as Marco Polo wins stay of proceedings
(DBN)

China Stockpiling Oil At Highest Rate In Over A Decade
(DBN)

____________

Coal:

Peabody Energy Legal Bankruptcy Update
(DBN)

Coal Country Is Desperate for Donald Trump
(DBN)

Friends of Coal
(DBN)

Gov. Mead working with Wyoming state agencies on budget cuts
(DBN)

Environmentalists sue to require cleanup at bankrupt mine sites
(DBN)

____________

Politics:

We Asked Business’s Top Turnaround Pros How to Save the GOP
(DBN)

Donald Trump's 3 biggest failures as a New York City real estate mogul A Mosaic of The Donald in 1,300 Lawsuits Trump delivered Indiana casino, fell short on other pitch Trump says Oklahoma governor as VP is 'great' advice Austin elementary school could be named after Donald Trump Anger over economy will make Trump president, says Gundlach Are the GOP rules really rigged against Donald Trump? Donald Trump will never be able to reinvent himself as a moderate Trump: Cruz, Kasich alliance ‘horrible act of desperation’ There are 3 big problems with the unprecedented alliance to stop Donald Trump Donald Trump trolls John Kasich: 'He can't make a deal work' How to Be Presidential, Trump-Style "Trumpettes" Founder Donated $150 to Her "Dear Friend" Hillary Clinton's Campaign in December Trump relentlessly mocks Kasich: 'I have never seen a human being eat in such a disgusting fashion' 'I want it, mommy': Donald Trump compares John Kasich to a needy child Donald Trump used an unusual Tiger Woods analogy to explain why he won't 'tone it down'
(DBN)

The Republican Senate majority may be on the verge of collapse
(DBN)

Young Voters Overwhelmingly Prefer Clinton Over Trump — Poll Wall St. thinks Hillary wins, even if it doesn't want her: Survey
(DBN)

Hillary Clinton rejects endorsement of billionaire Charles Koch
(DBN)

Tyrion Lannister would beat Clinton, Trump for president, poll finds
(DBN)

Bernie Sanders Doesn't Seem To Understand What Poverty Really Is Bernie Sanders just accidentally explained why his political revolution has failed
(DBN)

Maine’s Tea Party governor goes on rant about minimum wage workers from Bulgaria and India
(DBN)

Ted Cruz keeps punching downward at the transgender community
(DBN)

____________

Fraud:

UNC Sent New Notice of Academic Fraud Allegations by NCAA
(DBN)

Should star witness in Pacific Property fraud case get prison time?
(DBN)

SCOTUS: Another look at proof of bank fraud
(DBN)

____________

Hedge Funds:

Hedge Funds Keep Losing Investors, Even As They Posted Their Best Month in Four Years
(DBN)

What Is A Vulture Fund? John Oliver Lays Into These Shady Hedge Funds
(DBN)

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Awards:

Restructuring/Bankruptcy Team of the Year Weil, Gotshal & Manges
(DBN)

FN Legal Awards 2016: The Winners
(DBN)

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Currency:

'Bitcoin is dead'
(DBN)

____________

Celebs:

A Dallas grand jury will indict Johnny Manziel
(DBN)

Michael Jackson's $1 Billion Tax Court Thriller: IRS Values His Name At $434,000,000, Estate Says $2,105
(DBN)

Abby Lee Miller's Bankruptcy Case — Shocking Salary Claims
(DBN)

____________

Personal Finance:

Here's How I Know When A Job Applicant Is Lying
(DBN)

6 important lessons I learned from being broke
(DBN)

10 of the toughest cities to launch your career
(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 (14 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (14 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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Bankruptcy Statistics:

The Deal Announces Results of Q1 2016 Bankruptcy League Tables
(DBN)

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TIA:

TIA Opinion White Paper
(DBN)

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Arbitration:

“The ABC’S Of ACB’S” – Arbitration Clauses in Bankruptcy Court
(DBN)

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Bankruptcy Rules:

Whose Rules Are They Anyway? Even in District Court, the Bankruptcy Rules Apply to Proceedings Arising Under Chapter 11
(DBN)

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Avoidance Actions:

Into The Void: Kentucky Adopts Uniform Fraudulent ... er, I Mean ... Voidable Transactions Act
(DBN)

Termination of a Commercial Lease May be an "Avoidable Transfer” in Bankruptcy
(DBN)

____________

TBTF:

Living Wills Only Work If Regulators Are Psychic
(DBN)

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Insurance:

Fla. insurance chief finalist: Bankruptcy with $6 cash ‘bump in life’
(DBN)

Yes, But WHY Are There So Many Fewer Publicly Traded Companies?
(DBN)

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Corporate Reform:

WSJ: Consumer Financial Protection Racket
(DBN)

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Retailing:

Some Sports Retailers Are Not on Their Game
(DBN)

Disaster is coming for American shopping malls
(DBN)

Back from the dead: 7 retail brands that survived Chapter 11 bankruptcy
(DBN)

Department Stores Must Die Faster
(DBN)

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Food/Beverage:

Bob Evans Locations Close Nationwide
(DBN)

Fox Ortega Enterprises faces challenge in attempt to liquidate assets
(DBN)

Denver: Coffee chain dips into bankruptcy
(DBN)

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Ethanol:

Why Ethanol is One Really Bad Idea
(DBN)

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Autos:

Now VW Backs Up on Releasing Scandal Report
(DBN)

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Sovereigns:

Cleary Takes Lead on Argentina's $16.5B Market Re-Entry
(DBN)

Mediator Pollack's pragmatism gets Argentina and creditors to deal
(DBN)

How Argentina Settled Its Dispute With Hedge Funds How Argentina Settled a Billion-Dollar Debt Dispute With Hedge Funds
(DBN)

More Argentina provinces to join debt spree after deal
(DBN)

Gov't doesn't rule out new bond issue in 2016
(DBN)

Creditors holding $1.2 billion of Cuban debt are talking to Havana
(DBN)

This senior investor sees bonds as a 'lousy proposition'
(DBN)

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UK:

RBS faces claims for £1bn in damages from small businesses
(DBN)

Powa's CEO Channeled Two Davids (Bowie and Brent) Not Long Before Bankruptcy
(DBN)

BHS paid more than £25m to owner in 13 months before administration 'No one to blame' for collapse of BHS, insists owner Dominic Chappell Dominic Chappell and the BHS takeover that alarmed retail watchers Sir Philip Green must sort out the BHS pension mess BHS and the demonisation of Philip Green BHS broken promises? BHS put into administration over £1.3bn debt but all 164 stores will stay OPEN for now BHS Collapse Was Painfully Inevitable BHS collapse confirmed by administrators in biggest high street closure since Woolworths BHS has completely lost its relevance. And you need more than heritage to survive on the high street BHS collapse raises more questions than it gives answers - but its fate has been set for some time BHS Calls in Administrators After Failing to Find a Buyer BHS collapse probed by pensions regulator 1200 creditors - the hidden victims of BHS' £1.3bn collapse BHS is a victim of shareholder greed BHS collapse threatens 11k jobs as Sir Philip Green's accused of pocketing £425m
(DBN)

11,000 jobs at risk as two UK retailers implode
(DBN)

____________

EU:

A new European Regulation on insolvency proceedings
(DBN)

EU Bank-Failure System Needs Uniform Insolvency Law, Koenig Says
(DBN)

Broke Alex Reid claims 'Katie Price tried to destroy me'
(DBN)

____________

PIIGS:

German Finance Minister Upbeat Over Greek Bailout Review
(DBN)

Greek PM Tsipras Has 3 Options to Follow to Unlock Aid
(DBN)

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Canada:

The Clock is Ticking on Canadian Household Debt
(DBN)

Urbancorp housing developer wants to restructure under bankruptcy laws Judge slams all concerned in Urbancorp bond offering Urbancorp Adds Two Properties to Restructuring List: Trustee
(DBN)

Canada's mining industry is a 'horror story'
(DBN)

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Brazil:

Brazil's Oi starts $14.3 billion bond restructuring talks
(DBN)

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Czech Republic:

Czech coal miner NWR on the verge of collapse as rescue talks freeze
(DBN)

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Malaysia:

Abu Dhabi Fund Prepared to Pay Interest if Malaysia’s 1MDB Defaults on Bond
(DBN)

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China:

Investors could pull $538 billion out of China in 2016
(DBN)

____________

India:

Bankruptcy Code mum on Mallya-like cases
(DBN)

Turnover managers Alvarez & Marsal to widen India offerings
(DBN)

Vikram Akula’s Bankruptcy Lesson
(DBN)

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Venezuela:

Venezuela goes dark
(DBN)

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Ecuador:

Ecuador President To Use Emergency Powers To Impose Wealth Tax on Millionaires To Fund Earthquake Reconstruction
(DBN)

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MENA:

An Overview of the Insolvency Regime under Omani Law
(DBN)

Saudi Arabia weaning itself off oil Saudi Arabia's plan to fix its oil 'addiction' doesn't go far enough
(DBN)

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