April 6, 2016

The Daily Bankruptcy News

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Law:

Law firm data security in spotlight after Mossack Fonseca leak Leaked Mossack Fonseca document leaves London law firm exposed
(DBN)

Firms Cope with Deal Doldrums Amid First Quarter Slowdown
(DBN)

Rainmaker's Defection Could Test Cravath Lockstep Model
(DBN)

What Top Litigator Lateral Moves Tell Us About the Market
(DBN)

One Biglaw Exit Strategy Has A Storybook Ending
(DBN)

Meet the Headhunter Who Moved Scott Barshay From Cravath To Paul Weiss
(DBN)

What We Know About Mossack Fonseca and the ‘Panama Papers’ The Suddenly Notorious Lawyers of the Panama Papers
(DBN)

Ex-Gibson Dunn & Crutcher Partner Sues Over Dismissal Peter Gray to sue Gibson Dunn
(DBN)

Women Leaders Are: 1) Awesome 2) Overrated 3) Irrelevant
(DBN)

George Mason Tinkers With Name of Scalia Law School to Avoid Awkward Acronym Don’t rename George Mason after ‘polarizing and controversial’ Justice Scalia, state lawmaker urges
(DBN)

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

Law student believed to have died fighting for ISIS
(DBN)

The Greatest Law School Scandal Of All Time!
(DBN)

National Firms Stampede Into Houston Despite Drop in Oil Prices
(DBN)

Technoshock And The Solo Lawyer Necessary Tools For Your Law Office
(DBN)

Brag a Little
(DBN)

DLA Piper lawyer dies after collapsing during Wilmslow Half Marathon
(DBN)

As its stock hovers near a record low, Slater & Gordon GC resigns after two months
(DBN)

Use this flowchart to figure out how stressed you really are
(DBN)

PayPal Cancels Plan for Facility in North Carolina, Citing Transgender Law
(DBN)

Mississippi governor signs law allowing people with religious objections to deny services to gay couples
(DBN)

New Anti-LGBT Law Causes Stir in Legal Community
(DBN)

Jury Room Racism Is Protected. It Shouldn't Be.
(DBN)

Lawyer who called himself ‘Mr. Social Security’ is charged in alleged $600M disability-fraud scheme
(DBN)

Decades after Supreme Court OK’d interracial marriage, couple says RV park owner won’t rent to them
(DBN)

Au Pairs in the Crosshairs: Boies Schiller Suit May Upend the Program
(DBN)

Court Finds Parents Can Secretly Record Children's Conversations
(DBN)

Gawker aims to erase $140 million verdict, claims 'passion and prejudice' swayed the jury
(DBN)

Cops perform roadside body cavity search after warning, ‘You gonna pay for this one, boy,’ suit says
(DBN)

Uber Driver Lets Passenger Drive His Car, Takes A Nap And Wakes Up In The Middle Of A Police Chase
(DBN)

After $20M Verdict, April Fools' Day Tweet Almost Leads to Contempt
(DBN)

The Feds Are Taking On Debtors’ Prisons
(DBN)

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Judges:

What Scalia's empty seat means for Supreme Court case load
(DBN)

Sen. Collins Urges Republican Colleagues to Meet With Supreme Court Nominee Garland Maine Republican Calls for SCOTUS Nominee Hearings
(DBN)

Grassley plans breakfast with SCOTUS nominee Garland
(DBN)

Former tax court judge is indicted on tax-evasion charges
(DBN)

P--- Solicitation After $24 Million Jury Award Enrages Texas Judge
(DBN)

Scalia's Law Clerks Find New Homes With Alito, Thomas
(DBN)

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Wall Street:

Wall Street stocks on track for recovery as oil jumps
(DBN)

U.S. stocks decline 2nd day as earnings, overseas worries weigh
(DBN)

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Layoffs:

Phillips 66 joint venture cutting 300 jobs
(DBN)

Houston energy company closing Texas plant
(DBN)

National and State by State Unemployment Rates
(DBN)

Animated Map of Unemployment
(DBN)

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Politics:

Trump, Behind in Wisconsin, Loses Some of the Self-Confidence in Appeal to Voters Donald Trump wants to kick Gov. John Kasich out of race. Fair? How Donald Trump Will Sell Out His Base in a General Election What If Mexico Really Does Pay for Trump’s Wall? Trump reveals his plan to get Mexico to pay for his border wall—and it is bonkers Trump’s Latest Border Bombshell Targets Some of Mexico’s Poorest Even non-political ads are tapping into Americans’ anxiety over a Trump presidency How much do conservatives dislike Donald Trump? We put them to the test. Forget Trump. Paul Ryan is the likely GOP nominee Trump States Are Looming on Horizon
(DBN)

Ted Cruz, Bernie Sanders take top spots in Wisconsin's presidential primary Triumph of the Anti-Trumps Cruz Strategy Will Shift to Unbound Delegates
(DBN)

Megyn Kelly grills Cruz for fringe pro-life policy
(DBN)

How Much Does Bernie Sanders Know About Policy? Bernie Sanders Can't Explain How He'd Break up the Banks Sanders has tough Daily News interview on Wall Street 9 things Bernie Sanders should’ve known about but didn’t in that Daily News interview Bernie Sanders Might Not Have Read Dodd-Frank All The Way Through
(DBN)

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Alternative Energy:

Wind and Solar Are Crushing Fossil Fuels
(DBN)

SunEdison May Be Biggest Renewable Debacle With Least Impact
(DBN)

One Solar Company that Flew Too Close to the Sun
(DBN)

SunEdison's Final Days Are Near
(DBN)

SunEdison CEO Cancels Wharton Graduation Speech
(DBN)

Credit Suisse drops SunEdison coverage, warns of technical default
(DBN)

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Banking:

Supreme Court upholds verdict against Wells Fargo on overdraft fees
(DBN)

The Woman With the Most Stressful Job in Banking
(DBN)

____________

Healthcare:

MannKind Will Be The Next SunEdison
(DBN)

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Tax:

Treasury’s New Inversion Rules – At A Glance
(DBN)

Here Are Your Odds of an IRS Audit
(DBN)

____________

Defaults:

Bad news: Bond defaults are on the rise
(DBN)

____________

Gambling:

Apollo architect of Caesars deal quits bankrupt unit's board -documents
(DBN)

Caesars Entertainment Operating Co. and Its Debtor Subsidiaries Execute Non-Disclosure Agreement with Certain Creditors and Other Parties as Part of Mediation Process
(DBN)

____________

Food/Beverage:

How This Startup Blew $13.5 Million and Ended in Bankruptcy
(DBN)

____________

Radio:

IHeartMedia ends creditor talks as debt hearing starts
(DBN)

____________

Management:

Jeff Bezos: 'We are the best place in the world to fail'
(DBN)

____________


Economy:

U.S. Service Sector Gained in March ISM Non-Manufacturing Index increased to 54.5% in March
(DBN)

BofA: Real Unemployment Higher Than 5%
(DBN)

BLS: Jobs Openings "little changed" in February
(DBN)

Economy may not have grown at all in first quarter
(DBN)

Retirees and the Bad News on Long Term Rates
(DBN)

The Federal Reserve is Back in the Drivers Seat
(DBN)

Atlanta Fed’s ‘GDP Now’ Predicts Just 0.4% First Quarter Growth
(DBN)

Americans’ Hiring Rose in February to the Highest Since Before the Recession
(DBN)

Women in their 30s leave jobs for one big reason—and it’s not babies
(DBN)

In poor neighborhoods, does ZIP code have to equal economic destiny?
(DBN)

GOP and Dems Agree: Fight Trumpism With Wage Insurance
(DBN)

Trade Deficit Increased in February to $47.1 Billion
(DBN)

How Can the US Salvage Social Security?
(DBN)

Coming Default Wave is Going to be Painful
(DBN)

Global Bond Yield Plunges to Record-Low 1.3% in Warning Sign
(DBN)

US Debt Clock
(DBN

World Debt Clock
(DBN)

Economic Indicators Dashboard
(DBN)

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Real Estate:

Reis: Apartment Vacancy Rate increased in Q1 to 4.5%
(DBN)

MBA: "Refinance Applications Drive Increase in Latest MBA Weekly Survey"
(DBN)

Goldman: "Household Formation Close to Normal"
(DBN)

Mortgage lending boom? Equifax reports massive increase in home credit
(DBN)

CoreLogic: House Prices up 6.8% Year-over-year in February
(DBN)

Houston-area custom homebuilder files for bankruptcy
(DBN)

Fitch: Texas homes overvalued by 10% to 15%
(DBN)

Northwest housing market gridlocked
(DBN)

Judge seizes Tribune Tower, other properties from embattled Oakland businessman
(DBN)

NM: Judge rules trustee will replace Railyard property owners
(DBN)

This chart proves how expensive San Francisco real estate is
(DBN)

Judge orders eviction of 100-year-old woman for causing commotion
(DBN)

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Municipalities:

Survey: Most Analysts Say Chapter 9 Bankruptcy Taboo
(DBN)

Smacked With Downgrades and Lawsuits, Atlantic City's Troubles Could Hurt Other Cities
(DBN)

Christie defends Trump's honor on Atlantic City casinos
(DBN)

Financial Volcano About to Erupt in Puerto Rico
(DBN)

Hedge Funds Are Suing to Freeze Puerto Rico's Government Bank
(DBN)

Puerto Rico’s Senate Declares Debt Moratorium Puerto Rico bondholders critical of government debt moratorium bill Puerto Rico , creditors trade barbs over debt freeze bill
(DBN)

Puerto Rico's Development Bank on Brink as Debt Gambit Goes Bad
(DBN)

Puerto Rico gov dares GOP to pass highly restrictive bill GOP Split Over Speaker's Puerto Rico Bailout Plan
(DBN)

Puerto Rico GO bondholders issue proposal for restructuring
(DBN)

Puerto Rico fiscal crisis leaves thousands of schoolchildren stranded
(DBN)

Puerto Rico Bonds Fall to Lowest Levels Yet Amid Financial Chaos
(DBN)

Louisiana's credit downgraded by 2nd of 3 big rating agencies
(DBN)

Detroit's county reported its first budget surplus in years
(DBN)

New Jersey has to rethink its budget because one guy moved
(DBN)

America's Fastest Shrinking Cities
(DBN)

____________

Oil/Gas:

Weds.: Oil prices surge on fresh hopes for a production freeze
(DBN)

Tues.: Oil Falls as Freeze Hopes Thaw Out US oil ends at $35.89 after hitting March 4 lows
(DBN)

Speculators: No More Reasons to Bid Up Oil
(DBN)

Saudi raises crude prices for U.S.
(DBN)

Why Oil Prices May Reach Triple Digits in 2017
(DBN)

Goodrich Petroleum: Common, Preferred, And Unsecured Debt To Be Wiped Out
(DBN)

Linn Energy enters settlement agreement with some creditors Linn Energy Is Out Of Default... For Now
(DBN)

Calgary Home Market Struggles With Oil Bust
(DBN)

PostRock announces bankruptcy filing
(DBN)

Cheap Oil Means Record U.S. Trade Surplus With OPEC
(DBN)

Price shock: how the gas industry is weathering the oil crash
(DBN)

In Oil, a Trader Stands Out by Surviving
(DBN)

Exterran Corp. Lays Off 241 Workers in Texas
(DBN)

Oil price: 'Shot in the arm' misses economic target
(DBN)

Justice Department moves to block Halliburton, Baker Hughes merger
(DBN)

North Sea oil profitability plunges to near 20-year lows
(DBN)

____________

Coal:

Laid off coal miners on their own after fueling Wyo economy Put coal miners ahead of company executives
(DBN)

Fitch: US Coal Defaults Herald Tighter Rules for Self-Bonding
(DBN)

Peabody Energy’s problems could change clean-up rules for coal miners
(DBN)

Age of coal may finally be swept up
(DBN)

Coal Baron Don Blankenship Faces Sentencing Today
(DBN)

____________

Retailing:

Encina Business Credit Looks to Fill the Void for Distressed Retailers
(DBN)

Teen Retailer Pacific Sunwear Expects to File for Bankruptcy PacSun Reportedly Preparing To File For Bankruptcy Pacific Sunwear said to prepare Chapter 11 bankruptcy filing
(DBN)

Drama Nears End for Sports Authority and Consignment Suppliers
(DBN)

Eastern Mountain Sports next retail bankruptcy : report
(DBN)

____________

Telecoms:

Nortel Creditors Clash in Latest Round of $7.3 Billion Cash Fight
(DBN)

Nortel Bankruptcy Fight Resumes With $2 Billion Spent on Fees
(DBN)

____________

Fraud:

Americans show up in Panama Papers too Russians Shrug Off Reports of Offshore Transactions ‘Panama Papers’ Raise Questions About Beijing’s Graft Fight David Cameron's family ties to Panama Papers raises profile of tax avoidance A global spotlight in Panama Papers Panama Papers: Iceland’s Prime Minister Resigns Why Iceland’s prime minister just resigned over the Panama Papers leak The Political Fallout From the Panama Papers Panama Leak Leaves Icelandic PM in Deep Trouble The Names in the Panama Papers In a 2011 speech, Bernie Sanders predicted the revelations of the Panama Papers Why tax havens matter, in one chart Obama addresses bombshell Panama Papers leak in promoting tax reform Gov't insists 'Macri has nothing to hide', fails to explain participation in Panamá Papers scandal Macri defends offshore acts as ‘legal’ SocGen Executives Meeting French Minister Amid Panama Scrutiny Canada Will Seek Leaked Panama Data to Pursue Offshore Audits One of the world's most famous soccer stars was named in the Panama Papers Panama Papers scandal draws rebuttals, refusals What To Sweat About If Your Name Is In The Panama Papers
(DBN)

Bernie Madoff to be questioned over ‘profit withdrawal’ records
(DBN)

____________

 


New Bankruptcy Opinions
(4 new opinions today - DBN)

Bankruptcy Court Web/Pacer Site Directory

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

Recent Ch. 11 Filings (15 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (17 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:

Consumer Bankruptcies Increase Again MTM
(DBN)

BK WD NY: March Caseload Data Following rare increase, bankruptcy filings go back to declining
(DBN)

______________

Preemption:

Client Alert: Second Circuit Rules that Bankruptcy Safe Harbors Preempt Creditors’ State Law Causes of Action
(DBN)

____________

Avoidance Actions:

AE Liquidation Opinion Narrows New Value Defense
(DBN)

Bankruptcy Court Tightens Intentional Fraudulent Transfer Pleading Requirements
(DBN)

____________

Equity:

Section 105(a): No Roving Writ, Much Less A Free Hand
(DBN)

____________

Mediation:

We Need Regional Mediation Hubs for Mega-Case Avoidance Actions — Part One, The Proposal
(DBN)

____________

Pensions:

Recent Sun Capital Decision Increases Private Equity Funds’ Exposure to Pension Liabilities of Portfolio Companies
(DBN)

____________

TBTF:

Fed's Kashkari Seeks Solutions for 'Too Big to Fail '
(DBN)

Critics lay into bank break-up proposal that surfaced at Minneapolis Fed
(DBN)

Biggest Banks to Face Tougher Debt Limits to End Too-Big-to Fail
(DBN)

____________

Celebs:

Tisha Campbell-Martin and husband Duane file for Chapter 7 bankruptcy: A breakdown of their $15m debt
(DBN)

F1 legend Fittipaldi drowning in debt, reports say
(DBN)

____________

Aviation:

United Airlines, Union Agree to 30% Wage Hikes
(DBN)

____________

Coins:

Federal Way mint owing money to hundreds files for bankruptcy
(DBN)

____________

Distressed Investing:

Junk Bonds: March Returns OK, But Credit Conditions Worse
(DBN)

____________

Defaults:

Beware the Coming Default Tsunami in Emerging Markets
(DBN)

____________

Autos:

Volkswagen is Too Big to Fail
(DBN)

____________

Mining:

Oaktree Takeover of Molycorp Delayed by Too Many New Owners
(DBN)

____________

Shipping:

Greek Courts Rejects The Claims By Physical Suppliers Against Owners In OWB Related Disputes
(DBN)

Sainty Marine to auction off assets on Taobao
(DBN)

____________

Paper:

Old Town, Lincoln mills to go up for auction this month
(DBN)

____________

Steel:

Essar Steel misses another deadline to pay Minnesota back
(DBN)

____________

Sovereigns:

Argentina's Prat-Gay Leaves Debt Deadline Move With Holdouts
(DBN)

The Clock Is Ticking on Argentina Debt Offering
(DBN)

____________

UK:

U.K. Is in Talks With Liberty House to Buy Much of Tata Steel’s British Operations
(DBN)

Changes to the bankruptcy application process: what you need to know
(DBN)

____________

EU:

Germany's Auction of Negative-Yielding Notes Highlights Gloom
(DBN)

Germany on Track for New EU Clash Over Bank-Failure Rules
(DBN)

____________

PIIGS:

Germany's Merkel says Greece can't have debt haircut in euro zone
(DBN)

Italy banks expect ECB to force pace of bad loan sales - sources
(DBN)

Promociones Habitat, S.A. agrees to reschedule its debts
(DBN)

Church of Greece scrambling to avoid bankruptcy
(DBN)

Portugal''s Central Bank Faces Suit
(DBN)

Spain court gives Abengoa seven months to restructure debt
(DBN)

____________

Brazil:

Bankruptcy filings more than double in Brazil as recession deepens
(DBN)

____________

India:

Bankruptcy Bill likely in coming Parliament session, says FM
(DBN)

____________

Ukraine:

Large Kyiv bank goes bankrupt
(DBN)

____________

Australia:

WA 'trashed Bell creditor rights'
(DBN)

Arrium on precipice as board offers scalps to pacify lenders
(DBN)

____________

Russia:

Swedish Court of Appeal finds Yukos investment tribunal lacked jurisdiction
(DBN)

The Soviet Union Is Falling Apart Again
(DBN)

____________

Latvia:

Insolvency abuse has cost Latvia €665m say foreign investors
(DBN)

____________

China:

China Coal Miner Fails to Make Bond Payment Amid Slowing Economy
(DBN)

____________

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