February 19, 2016

The Daily Bankruptcy News

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Law:

A Deal in the Dewey Case Still Leaves Troubling Questions
(DBN)

Associate Bonus Watch: Tiers Of Scrutiny
(DBN)

Ex-Dickstein Shapiro Partner Mulls Action Over Lost Stake
(DBN)

Morrison & Foerster Adds Another New Partner To Its Business Restructuring & Insolvency Group
(DBN)

Casemaker agrees state law isn’t copyrightable, won’t defend Fastcase suit
(DBN)

‘The Longest-Lived Dead Law Firm In The Western World’
(DBN)

A Day In The SmallLaw Life
(DBN)

You Lost Your Job In A Law Firm – What Do You Do Now? (Part 3)
(DBN)

Arnold & Porter's Revenue Shrinks by $45M
(DBN)

Gross Revenue, Net Income Slip in 2015 at Bracewell
(DBN)

Enrollment up, scores down at Cooley Cooley Craters: 60% Drop In Enrollment, Faculty
(DBN)

DLA Piper Announces Global Co-Chair Will Retire
(DBN)

UK: Firm of the Year 2016: The firms with the best culture Worst culture
(DBN)

In Law Firm Merger Talks, Leaders Should Engage the Press
(DBN)

The Legal Ethics of Using the Cloud
(DBN)

13 science-backed tactics for winning any negotiation
(DBN)

Lawyer Shot, Killed By Police After Attacking Family With Knife
(DBN)

Legal luminaries join family in seeking new probe of claimed murder-suicide by attorney
(DBN)

‘The First Amendment wins’ in dropped ethics probe over lawyer’s ‘hatchet job tactics’ blog post
(DBN)

Jailed 6 months in paintbrush theft, man seeks plea hearing and return of ‘Mr. Froggy’
(DBN)

Free Pizza For Palestine Is Too Messy For Milbank
(DBN)

Secret Memo Details U.S.'s Broader Strategy to Crack Phones
(DBN)

Lawyers Face Lawsuit Over Illegal S-- Tape
(DBN)

‘Soccer mom’ ordered to learn about Islam after pointing rifle at Muslim couple sitting in car
(DBN)

Bad news for Ted Cruz: his eligibility for president is going to court
(DBN)

Donald Trump: "You Will Find Out Who Really Knocked Down the World Trade Center"
(DBN)

Judge allows suit against lawyers for client’s secret video of Waffle House chairman
(DBN)

Tx. Couple Accused of Waterboarding 13 Yr. Old
(DBN)

‘Better Call Saul’ Returns With A Con And A Light Switch
(DBN)

______________

Judges:

Sandra Day O'Connor Says Obama Should Get To Replace Justice Scalia Sandra Day O’Connor’s No-Nonsense Approach To The Next SCOTUS Nominee
(DBN)

Scalia’s BigLaw stint was ‘like asking Michelangelo to work for a company that paints fences’
(DBN)

Most Lawyers Don’t Give A Damn About Justice Scalia
(DBN)

Scalia’s Death Thrusts White House Into New Territory
(DBN)

No Scalia Replacement if a Democrat Wins?
(DBN)

Scalia's Death at Private Ranch Highlights Tension Over Justices' Travel
(DBN)

Trump Vows to Appoint Pro-Gun Supreme Court Justice at S.C. Rally
(DBN)

How Justice Antonin Scalia's funeral became political
(DBN)

Watch John Kasich get testy with Stephen Colbert over filling Justice Scalia's seat
(DBN)

The judge Antonin Scalia wanted to replace him has divergent views on one of Scalia’s signature issues
(DBN)

Biden says Obama won't be able to pick the 'most liberal jurist'
(DBN)

‘Scaliagate’ At Georgetown Law: The Conservatives Strike Back
(DBN)

Could Breyer become the next swing justice?
(DBN)

Judge Jane Kelly And True Diversity On The Supreme Court
(DBN)

Judge resigns after asking former jurors to ‘meet and greet’ campaign event
(DBN)

______________

Wall Street:

Futures wobble
(DBN)

Stocks slip; Walmart leads retailers lower
(DBN)

Bankers have lost more than $1 billion in bonuses
(DBN)

Wall Street banks are going all out to hold onto junior bankers
(DBN)

The year turns sour for Wall Street banks
(DBN)

Kasich: Sanders wrong on Wall St, it makes economy churn
(DBN)

Bear Markets Don’t Predict Recessions, But Liquidity Might
(DBN)

______________

Layoffs:

American Express to Overhaul Management, Cut Jobs
(DBN)

Citadel cuts employees after losses: Report
(DBN)

National and State by State Unemployment Rates
(DBN)

Animated Map of Unemployment
(DBN)

______________

Retailing:

Wal-Mart forecasts tepid sales growth; stock slides The Scary Truth Behind Walmart's Struggles Why Wal-Mart's results spooked investors Wal-Mart Is Still Outshined by Amazon Despite Spending Billions Four reasons Walmart can't get out of its own way Walmart just signaled a terrifying new reality for American retail
(DBN)

Kmart’s Comeback Plan: Selling Bankrupt Companies’ Stuff
(DBN)

____________

Alternative Energy:

Why SunEdison Inc Shares Hit a New 52-Week Low
(DBN)

Struggling SunEdison closing Houston-area plant, cutting 180 jobs
(DBN)

____________

Healthcare:

High-deductible health plans are hurting health care profits, analysts say
(DBN)

Bankruptcy Judge Approves Sale Of Forest Park Frisco To HCA
(DBN)

____________

Politics:

Pope Francis takes down Donald Trump: 'This man is not a Christian' Donald Trump's campaign calls Pope Francis a hypocrite because the Vatican has 'massive walls' Pope Francis sends unhinged Trump supporters into a white-hot rage: ‘He’s prob a Muslim in disguise!’
(DBN)

____________

Education:

Judge approves new auction of Adirondacks school
(DBN)

Carlbrook files for Chapter 11 bankruptcy
(DBN)

____________

Brokers:

Large Cetera Financial group bolts in wake of bankruptcy
(DBN)

____________

Celebs:

Money Lessons From Kanye West and Seattle Seahawk's Marshawn Lynch
(DBN)

____________


Economy:

US jobs market firming; manufacturing still on the ropes
(DBN)

The States With the Most Household Debt
(DBN)

How negative interest rates set stage for next crisis
(DBN)

OECD Cuts Global Growth Forecasts on Debt Risks
(DBN)

Global Debt Levels Skyrocket: How Much Is Too Much?
(DBN)

What Are the Concerns, Risks of U.S. Recession?
(DBN)

Why Fed (not bonds) may be right about a recession
(DBN)

Here’s why Fed’s Bullard is now leery of more interest-rate increases
(DBN)

Banks to take hit from fading hopes of rate hike
(DBN)

More Americans Should Be Working
(DBN)

Is $250,000 a Middle Class Family?
(DBN)

Fed sharpshooters can’t hit 2%, much less 4%
(DBN)

Don’t quit your job if you work in these 5 industries
(DBN)

What’s Holding Back U.S. Apprenticeships
(DBN)

In Murky 2016 Contest, Clear Opposition to Trade Agreements
(DBN)

Survey: Consumers Will Use Tax Refunds for Savings, Paying Down Debt
(DBN)

US makes millions from Americans tossing their passports
(DBN)

Chilling ways the global economy echoes 1930s
(DBN)

Democratic economists on Bernie Sanders
(DBN)

US Debt Clock
(DBN

Economic Indicators Dashboard
(DBN)

______________

Real Estate:

Freddie Mac profit rises on higher interest rates
(DBN)

Bankruptcy Trustees - You're On Notice
(DBN)

Apartment-building boom could be waning
(DBN)

House flipping: Deja vu all over again
(DBN)

FBI agents raid North Texas-based real estate investment trust
(DBN)

____________

Municipalities:

Scalia’s death could give a bump to Puerto Rico’s fight for financial rights Lawyers, Others Divided on Effect of Scalia s Death on PR Cases
(DBN)

Cotter: DPS risks bankruptcy without serious reforms
(DBN)

Bankruptcy unlikely prescription for DPS troubles
(DBN)

Detroit schools bankruptcy is option without GOP bills
(DBN)

Big divide on House, Senate versions of DPS bills
(DBN)

Illinois launches financial probe into Chicago Public Schools
(DBN)

Michigan House Approves $30 Million for Flint
(DBN)

In post- bankrupt Stockton, a mayor and Erin Brockovich team up to scare people about water
(DBN)

Sweeney to A.C.: Without state help, 'good luck'
(DBN)

Flint Water Decision Highlights Emergency Managers' Authority
(DBN)

Don't Live in Flint? Lead Is Your Problem, Too
(DBN)

____________

Tech:

iPhone sales fall for first time, says Gartner
(DBN)

____________

Student Debt:

Angry and in debt, students pressure government
(DBN)

How student debt crushes middle-class minorities
(DBN)

Defrauded Students Demand Loan Forgiveness on ‘Snake Oil Educations’
(DBN)

Shirking Your Student Loan Shouldn't End in Handcuffs
(DBN)

____________

Oil/Gas:

Current trends in oil and gas finance
(DBN)

Bankruptcy Attorneys Expect Increase In Bankruptcies From Oil Price Drop
(DBN)

Record U.S. crude stockpiles weigh on oil Oil Trades Below $31 as Rising U.S. Crude Stockpiles Expand Glut
(DBN)

The Stressed-Out Oil Industry Faces an Existential Crisis
(DBN)

Investors Clamor for Energy-Share Offerings Despite Oil Slump
(DBN)

Oil retreats as inventories fill Oil Prices Cool Down After EIA Report 2.1 Million Barrel Build
(DBN)

Storage Problems Could Cause A Rout In Oil Prices
(DBN)

The World Has Too Much Oil Problem in the Oil Patch – Oil, Oil Everywhere
(DBN)

Trader who called for $26 oil now predicts this
(DBN)

Fears Of Bankruptcy Cause Worried Investors To Penalize Chesapeake's Stock Cramer: Chesapeake Energy is 'Doing Their Best,' Bankruptcy Unlikely
(DBN)

Ultra Petroleum flirts with bankruptcy after $3.2B Q4 loss Ultra Petroleum posts $3.2 billion loss as potential bankruptcy looms
(DBN)

Escalera Resources Announces Filing of Plan of Reorganization
(DBN)

Fitch Downgrades Energy XXI LTD and Energy XXI Gulf Coast, Inc. to 'C'
(DBN)

Linn Energy: Dead Cat Bounce? Linn Energy: tired refrain
(DBN)

Santos Vows Cost Cuts After $2.8 Billion Charge on Oil Crash
(DBN)

Oil-Field Workers Turn to Uber Employment Amid Price Plunge
(DBN)

Cash-hemorrhaging Key Energy swaps out CEOs
(DBN)

United Arab Emirates backs oil producers’ output freeze plan
(DBN)

Texas congressman: OPEC is dead
(DBN)

Low oil and interest rates wiped out $3 trillion from energy and financial stocks
(DBN)

The oil price crash is wreaking havoc with the world's biggest sovereign wealth fund
(DBN)

L.A. gas leak capped, but new crisis looms
(DBN)

Natixis: Lower Oil Prices Will Start to Hurt the Global Economy This Year
(DBN)

____________

Imaging:

Can Xerox avoid a bankruptcy like Kodak's?
(DBN)

____________

Corporate Reform:

In the CFPB's Crosshairs . . . 2016 and Beyond
(DBN)

____________

Startups:

How Startups Learned to Love Debt
(DBN)

____________

Corporate Governance:

Delaware corporate law and litigation: what happened in 2015 and what it means for you in 2016
(DBN)

____________

Shipping:

KDB head says no new bailout for Daewoo Shipbuilding this year
(DBN)

Sainty Marine Becomes First Listed Shipbuilder to Go Bankrupt
(DBN)

____________

 


New Bankruptcy Opinions
(3 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 (11 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)

______________

Claims Trading:

Sharon Levine: Increasing Disclosures Would Chill Claims Trading Marc Leder: Beware Over-Disclosure in Claims Trading
(DBN)

____________

Miscellaneous:

2016 Lookback Period – Six Weeks (Part 2)
(DBN)

____________

Bankruptcy Poetry:

Tarnished Reputation
(DBN)

____________

Cross-Border:

Modeling the Model Law – what not to do
(DBN)

____________

Plan Confirmation:

Extinguishment of Liens Through a Plan of Reorganization
(DBN)

____________

TBTF:

Big banks see the need to shrink – but face a path full of obstacles
(DBN)

____________

Gambling:

Caesars judge invokes Wizard of Oz amid creditor deadlock
(DBN)

Caesars Bankruptcy End May Be in Sight
(DBN)

____________

Litigation:

U.K. Decision Signals Growing Automation in Discovery Process
(DBN)

____________

Ethanol:

Pricing, Inventory Plagues Ethanol Markets
(DBN)

____________

Fraud:

French Pianist Scores Rare Win in Luxembourg Madoff-Fund Lawsuit
(DBN)

____________

Sovereigns:

Major Argentine creditors object to bid to lift debt injunctions Argentine Bid to Resume Debt Payments Opposed by Hedge Funds It Would Be Premature For Federal Court To Lift The Argentina Bond Injunction Singer's NML Files to Block Renewal of Argentine Payments
(DBN)

Documents reveal details of administration’s ‘vulture’ offer
(DBN)

____________

PIIGS:

Italy’s strained banks are using wheels of Parmesan cheese to back loans
(DBN)

Spanish Ex-Friar-Turned-Lawyer Counts Loss From Bankia IPO Offer
(DBN)

Abengoa ‘viable’ but insolvency risk remains
(DBN)

____________

Canada:

Charges laid in bankruptcy investigation
(DBN)

Goodwill owes $6 million after declaring bankruptcy, has $1,300 in bank account
(DBN)

Why are so many Canadians in debt?
(DBN)

Newfoundland and Labrador auditor general dismisses bankruptcy talk
(DBN)

Exit Realty on the Rock owes more than 60 creditors
(DBN)

____________

Venezuela:

Venezuela releases dire economic data as measures seen insufficient
(DBN)

Venezuela is about to pop — and everyone on Twitter is waiting for it
(DBN)

Venezuela raises gas prices 6,200%
(DBN)

Maduro Tinkers With Policy as Venezuelan Debt Default Looms
(DBN)

____________

Nigeria:

An Analysis of Nigerian Law on Procedure for Recovery of Debt from an Insolvent Company and Fraudulent Directors
(DBN)

____________

MENA:

Directors' Liability in Event of Insolvency in United Arab Emirates
(DBN)

____________

India:

Bad bank loans undermine India’s growth hopes
(DBN)

____________

Australia:

Palmer aviation company owes $26m
(DBN)

The National Hardship Register offers help for people who can't repay debt
(DBN)

____________

Ukraine:

Russia Files Lawsuit Against Ukraine
(DBN)

____________

China:

Something terrible seems to be happening to the Chinese job market
(DBN)

China coal firm Up Energy seeks debt restructuring after bond default
(DBN)

____________

Russia:

Moody's says Russian bankruptcy law unlikely to affect domestic RMBS and ABS performance
(DBN)

____________

Brazil:

Brazil eyes Abengoa intervention after default, papers say
(DBN)

____________

South Africa:

Investing in South Africa's Economic Gloom
(DBN)

____________

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