February 24, 2016

The Daily Bankruptcy News

View prior editions: Click Here
View prior case summaries: Click Here
Search prior headlines: Click Here
Search prior case summaries: Click Here

3-Column Formating

 

Law:

As Legal Work Decomposes Will Law Firms ‘Break Rank?’
(DBN)

Some BigLaw firms face associate shortages; boutiques are partly to blame
(DBN)

New BigLaw trend is unlimited vacation for associates; is there a catch?
(DBN)

More 'best firms' have females as top rainmakers
(DBN)

Minority women are disappearing from BigLaw--and here's why
(DBN)

Study Cites Lawyers’ Risky Use of Unsecure Messaging
(DBN)

Louisville: Bingham Greenebaum Doll names new bankruptcy partner
(DBN)

This DC lawyer is helping her firm attract US Supreme Court clerks
(DBN)

Attrition May Jeopardize Accreditation Status Of Dozens Of Law Schools
(DBN)

Woman who OK’d $900K settlement in phone call with her lawyer is bound by it, federal judge rules
(DBN)

Meet the Lawyer Who Left Loeb & Loeb to Turn Around American Apparel
(DBN)

More law firms find savings, stability through self-insurance
(DBN)

Debevoise Sees Double-Digit Profit Growth
(DBN)

Some firms swear by the use of private investigators
(DBN)

Beyond Biglaw: Suffer To Transform
(DBN)

Founder of collapsed law firm to give up license
(DBN)

Can Lawyers Use The Cloud? Should Lawyers Use The Cloud?
(DBN)

Law Schools Replace LSAT With GRE To Goose Enrollment
(DBN)

Things to do in the morning for a successful day
(DBN)

Talk Too Fast? Say Um? Forget Something and Panic? 10 Ways to Be a Better Oral Advocate
(DBN)

The Empathetic Lawyer
(DBN)

The US government has tried to force Apple to extract data from 15 iPhones in the last 4 months Even iPhone owners believe Apple should unlock the San Bernardino shooter's iPhone FBI asked Apple to provide data from Illinois couple's phone in bankruptcy fraud investigation
(DBN)

Boston lawyer rows to world championship
(DBN)

Former law firm managing partner is indicted for alleged $20M embezzlement
(DBN)

Businessman wanted ‘broken bones’ due to lawyer’s defamation suit over online review, FBI says
(DBN)

Will ED Get An Attorney Off?
(DBN)

Plaintiffs had no First Amendment right to take cellphone video of police, federal judge rules
(DBN)

Jury awards $183M to firefighters’ families in fatal ‘Black Sunday’ blaze; NYC owes $140M
(DBN)

Federal Court Orders Discovery Into The Clinton Emails And Suggests The Possibility of Subpoenas To Force Disclosures
(DBN)

Prosecutors Seek Detention of Lawyer Accused of Embezzling
(DBN)

Billions Recap: NOBODY Has Two Minivans
(DBN)

University of Houston Offers Teachers Helpful Tips For How to Not Get Murdered Texas university faculty are freaked out that students will be able to carry guns
(DBN)

______________

Judges:

Bankruptcy Law and the Post-Scalia Supreme Court
(DBN)

First Day of the New Supreme Court
(DBN)

Some Judges ‘Using Social Media Badly’
(DBN)

It's been 10 years since Clarence Thomas asked a question — here's why he's so silent
(DBN)

The behind-the-scenes politics of picking a Supreme Court justice
(DBN)

Here's who should replace Antonin Scalia
(DBN)

Supreme Court fight has lawmakers doing somersaults
(DBN)

Every Supreme Court justice went to Harvard or Yale Law School — here's where they went for undergrad
(DBN)

Senate majority leader McConnell: Senate won't approve any Obama Supreme Court nominee Senate won’t consider a SCOTUS nominee by Obama, Republicans say after closed-door meeting Post-Scalia, Senate Republicans See Tough Optics on Blockade
(DBN)

Federal courthouse draws the public in through lobby art exhibitions
(DBN)

That Awkward Moment Where The Judge Marks Up Your Proposed Order To Say You’re Misstating The Record
(DBN)

Federal Judge Prepared To Issue Benchslap After Getting Duped By Disbarred Rainmaker’s Shenanigans
(DBN)

A Deep Dive Into Sri Srinivasan’s Past
(DBN)

______________

Wall Street:

Dow futures slump 100 pts US futures point to sharply lower open as oil tanks
(DBN)

Wall St. stumbles as oil resumes slide Stocks Remain at Lows as Crude Closes Below $33
(DBN)

It is worse than anyone thought on Wall Street JPMorgan Trading Revenue Drops 20% This Year in Global Rout
(DBN)

A giant hedge fund asked Wall Streeters what worries them most – this is what they said
(DBN)

______________

Layoffs:

Lexmark to cut about 550 jobs
(DBN)

Arris Laying Off 800
(DBN)

National and State by State Unemployment Rates
(DBN)

Animated Map of Unemployment
(DBN)

______________

Retailing:

Sports Authority to file bankruptcy soon: Report Struggling Sports Authority Could Head To Bankruptcy Court As Early As March
(DBN)

Sports Authority Is Now Technically in Default, Moody's Says
(DBN)

Macy's 4Q profit slumps, but signs of hope emerge in 2016
(DBN)

Home Depot profit beats as sales climb 10%
(DBN)

Lowe's sales rise a better-than-expected 5.6%
(DBN)

The future of American shopping malls is looking increasingly bleak
(DBN)

____________

Mining:

Molycorp Reaches Settlement With Creditor Panel On Revised Reorg Plan
(DBN)

____________

Celebs:

Is 50 Cent Trolling The Judge In His Bankruptcy Case?
(DBN)

Justice Department Calls for Investigation of 50 Cent's Finances He keeps flaunting cash on Instagram
(DBN)

____________

Healthcare:

Forest Park Lender Plans To Sell Fort Worth Through Bankruptcy
(DBN)

Bad Debt Is the Pain Hospitals Can't Heal as Patients Don't Pay
(DBN)

Hospital Computer Glitch Wrongly Sends Accounts to Collections
(DBN)

____________

Hollywood:

Netflix No Longer Wants Anything to do with Bankrupt Relativity
(DBN)

Ryan Kavanaugh Fires Relativity’s Chief Spokesperson David Shane
(DBN)

____________

Food/Beverage:

Chipotle is facing a new crisis
(DBN)

Starbucks is opening hundreds of premium stores where the cheapest coffee is $4 — Here's what they're like
(DBN)

Fresh Del Monte loss widens on writedown
(DBN)

ACSI survey: Consumers less satisfied with brick-and-mortar supermarkets, and other stores
(DBN)

____________

Distressed Investing:

2016 Distressed Outlook points to oil for opportunity, industrial commodities for pain, Democrats for market stewardship
(DBN)

Finding Opportunities in Distressed Debt
(DBN)

Will Junk Issuers Have A Tough Time Refinancing Existing Debt?
(DBN)

____________

Autos:

90 million more vehicles may be recalled in Takata airbag case
(DBN)

It's Man Bites Dog As GM Argues For More Trials Over Ignition Defect
(DBN)

____________

Currency:

Bitcoin Is “Property,” Rules California Judge in Pivotal Bitcoin Case
(DBN)

____________

Education:

For-Profit Education Institutions Face a Volatile and Uncertain Future
(DBN)

Trump on witness list in fraud case against now-defunct Trump University
(DBN)

____________

Newspapers:

Tribune Publishing replaces CEO Jack Griffin
(DBN)

____________

Debt Collection:

Debt Collection Arrest Story Debunked
(DBN)

____________

Economy:

Consumer Confidence in U.S. Sinks to Seven-Month Low
(DBN)

Recession ahead? Here are three signs
(DBN)

The map that shows where U.S. job growth is spiking
(DBN)

A co-op that delivers on the American dream
(DBN)

Fed's George Urges FOMC to Keep March on the Table for Rate Hike
(DBN)

Fed's Fischer says market turmoil may pass with little economic impact
(DBN)

Black Workers in Many States Haven’t Seen Much of a Recovery, Analysis Suggests
(DBN)

US to push for greater fiscal spending at G20: Treasury official
(DBN)

Fiscal Stimulus and Firms: A Tale of Two Recessions
(DBN)

U.S. Economic Confidence Index Remains Level at -11
(DBN)

The 50 richest people on earth
(DBN)

From high to low end, the consumer's in hiding
(DBN)

Rubio Fact Check: "People (are) paying more in taxes than they will for food, housing and clothing combined"
(DBN)

Jamie Dimon: U.S. Economy Will Continue to 'Chug Along'
(DBN)

There's a new category of super-rich, and JPMorgan wants their money
(DBN)

The Left Corrects Sanders's Fuzzy Math Bernie Sanders’s Free Tuition Failed a Cost Test in Past
(DBN)

Sanders, Cruz and Rubio All Agree With Trump on This Troubling Financial Policy
(DBN)

More female workers delay retirement, a shift that's helping to transform America's economy
(DBN)

Six money misconceptions about millennials
(DBN)

US Debt Clock
(DBN

Economic Indicators Dashboard
(DBN)

______________

Real Estate:

Home prices in 20 U.S. cities increase at a steady pace
(DBN)

US home market: Sales and prices up but not enough supply
(DBN)

Appraisal volume records fourth week of consecutive increases
(DBN)

Mortgage Growth Has Stalled And Homeowners Are To Blame
(DBN)

Case-Shiller: Making Middle America Great Again? National home price gains accelerate, Case-Shiller shows
(DBN)

Sales of Existing U.S. Homes Rise to Second-Highest Since 2007
(DBN)

Cash offers, bidding wars are rule in L.A. real estate
(DBN)

Some can't afford to buy homes in their hometown
(DBN)

After foreclosure suit, unbuilt O'Hare apartment project lands in bankruptcy
(DBN)

Rent prices are still climbing, just less quickly
(DBN)

Malls Lose More Department Store Tenants
(DBN)

____________

Municipalities:

Detroit: $491M pension shortfall looms, Duggan says
(DBN)

Duggan: Will weigh legal action against Detroit bankruptcy team for $491M pension shortfall Duggan Upbeat About City, But Attacks Bankruptcy Team for Miscalculating Pension Debt Duggan: City will deal with its $490M pension shortfall
(DBN)

MI: Schools' emergency manager reshuffling, recycling continues
(DBN)

Retired bankruptcy judge hired as DPS transition manager to meet with teachers
(DBN)

Illinois Fight With Chicago Schools Escalates Over Bond Sales
(DBN)

Puerto Rico Governor to Paul Ryan: Debt Crisis Affecting Audit on Island's Financial Crisis
(DBN)

10 American cities with the worst quality of life
(DBN)

____________

Oil/Gas:

Leon Black predicts 'a lot more' bankruptcies in energy
(DBN)

API Data: US Oil Supplies up 7.1 Million Barrels
(DBN)

Oil Industry: Too Big To Fail
(DBN)

Is Oil Pushing Down The Economy, Or The Other Way Around?
(DBN)

Fossil fuel industries can fail quickly
(DBN)

U.S. banks to cut credit lines for energy firms -JP Morgan
(DBN)

Former EOG CEO predicts carnage will breed caution for U.S. shale
(DBN)

OPEC, non-OPEC must act to halt oil slide: Iraq
(DBN)

Conoco exec: banks may wise up, slow shale boom when oil recovers ConocoPhillips CEO: Margin is king, cost savings key
(DBN)

Why Oil Producers Will Be Over a Barrel for a Long Time Yet
(DBN)

Why shale could help to rebalance oil market
(DBN)

US shale under siege from super-low oil prices
(DBN)

Oil and gas sector needs to get leaner, executives say
(DBN)

St. Louis Fed: Financial Markets Are Saying Oil Will Be Worthless by mid-2019
(DBN)

Oil drops 4 percent after Saudi oil min rules out production cuts No oil cut means more volatility: Goldman's Currie US oil settles 4.5% lower after Naimi remarks
(DBN)

Saudi Oil Minister Al-Naimi: We're not at war with US shale Saudi Arabia tries to make nice with U.S. shale oil
(DBN)

Saudi Arabia to U.S. Oilmen: Cut Costs or Exit the Business
(DBN)

Shale Oil Architect Predicts Doom for Some Drillers Amid Slump
(DBN)

JPMorgan Says its Energy Sector Losses Could Reach $3 billion J.P. Morgan Sounds Fresh Warning on Energy Losses JPMorgan puts another $500 million aside for energy sector woes JPMorgan's Potential Energy Losses Pale In Comparison To Past Trading And Legal Trouble JPMorgan to raise loan loss reserves to cover energy pain
(DBN)

U.S. banks put the squeeze on cash-strapped energy firms
(DBN)

Consumers 'winning' even as oil hurts banks: Jamie Dimon
(DBN)

Is Ultra Petroleum Edging Toward Bankruptcy ?
(DBN)

Chesapeake Energy: This Is Just The Beginning... What If Nobody Bails Out Chesapeake Energy? Chesapeake Energy shares tumble after company's loss widens Chesapeake to Cover $500 Million Debt Tab as Asset Sales Swell
(DBN)

Encana Corp to cut 20% of its workforce and slashes dividend
(DBN)

Low Oil Prices + the Impact on Oil and Gas Law: What to Expect in 2016
(DBN)

Bank of Montreal profit up; US unit offsets bad energy loans
(DBN)

How long can Saudi Arabia live with $30 oil? Saudi Oil Minister Says Market Should Handle Low Prices
(DBN)

Oil still has a chokehold on stocks
(DBN)

This Year’s Biggest IPO Is a Blank Check for the Oil Business
(DBN)

Take A Wait-And-See Approach With Linn Energy
(DBN)

In Russia, what oil bust?
(DBN)

Putin's Oil Despair Drives Lucky Few Investors Toward the Exits
(DBN)

Chinese oil demand to peak in 2030, CNPC researcher says
(DBN)

The Oil Market Downturn Takes a Huge Bite Out of MRC Global Inc.'s Earnings
(DBN)

World's oil bosses eyeing more pain try to look past 2016
(DBN)

Wall Street Won’t Give Up On Its Energy Bets
(DBN)

Crisis in Norway's Oil Industry Deepens Amid Further Cuts
(DBN)

Silver Run raises $450 million in IPO to buy energy companies
(DBN)

____________

Coal:

Alpha Natural Resources Sale Worries U.S. Over Environmental Obligations
(DBN)

Wyo. DEQ Responds on Arch Coal Bankruptcy
(DBN)

Struggling coal companies must face their cleanup costs -U.S. official
(DBN)

Coal Lobbying Down as Industry Throws Weight Behind Legal Battle
(DBN)

Interior Secretary Questions State Agreements With Bankrupt Coal Companies
(DBN)

The lifespan of reserves at the nation's largest coal-producing region has been drastically shortened
(DBN)

Peabody Energy: Mr. Kellow: I Propose An Up Or Down Vote
(DBN)

____________

Personal Finance:

6 phrases to say during your performance review that will impress your boss
(DBN)

7 TED Talks that will make you smarter about your money
(DBN)

____________

Alternative Energy:

Why SunEdison May Go Bankrupt
(DBN)

____________

Banking:

FDIC DIF financial statements show a 54% drop in cash equivalents since last year
(DBN)

Stop Being Surprised by Weak Bank Earnings
(DBN)

The $400 Billion Money-Fund Exodus With Banks in Its Crosshairs
(DBN)

____________

Mass Torts:

St. Louis jury says J&J must pay $72M to family of dead woman in landmark talcum powder cancer case
(DBN)

____________

Environmental:

Mining companies' declining fortunes imperil the restoration of land they've mined
(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 (19 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (6 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)

______________

Insiders:

A Sui Generis Approach to 'Insider' Status in Bankruptcy
(DBN)

____________

Claims Trading:

Jay Goffman: Courts Have the Tools to Keep Claims Trading in Check
(DBN)

____________

Plan Confirmation:

Split Ninth Circuit Narrows Definition of Bad Faith Insider in Cramdown Case
(DBN)

____________

Third Party Releases:

Exploring the Limits of Third-Party Releases
(DBN)

____________

Involuntary Bankruptcy:

Time is Money: Conversion and Property of the Estate
(DBN)

____________

Mediation:

“Momma Doesn’t Want to Settle”: The Value of Mandatory Mediation — Part Two
(DBN)

____________

TBTF:

Too-Big-To-Fail Banks Face a More Basic Existential Threat
(DBN)

Kashkari's bank crackdown is dangerous: Bove
(DBN)

Kashkari: Ending TBTF won't be easy
(DBN)

Is the era of bank bailouts over? Nobody knows
(DBN)

JPMorgan Says It Has $125 Billion of Debt Eligible for TLAC
(DBN)

Banks Love Fed's Too-Big-To-Fail Plan, If They Can Change It
(DBN)

____________

Non-Profits:

In the aftermath of FEGS, human service providers warn of crisis Nonprofits Grow Wary of Financial Squeeze
(DBN)

____________

Gambling:

Future of Caesars may be riding on bankruptcy court report
(DBN)

Caesars reports revenue increase for fourth quarter, all of 2015 Sharply Narrowed Loss Driven by Hotel Revenue
(DBN)

____________

Construction:

FBI looking at J.T. Turner Construction
(DBN)

____________

Credit Cards:

Federal appeals courts split over law on credit card surcharges
(DBN)

____________

Tax:

New bill takes aim at ‘earnings stripping’
(DBN)

____________

Sovereigns:

Watch all the government debt in the world grow
(DBN)

Argentina Making Progress on Its Debts With U.S. Court-Appointed Attorney’s Help
(DBN)

How Macri Could Woo Singer and Other Bond Holdouts
(DBN)

Hugely Profitable Argentina Bond Bet Suddenly Becomes Not So Hot
(DBN)

Argentina settles dispute with five bondholders
(DBN)

Macri says agreement with bondholders 'great progress' Gov’t to issue debt to pay ‘vultures’
(DBN)

The emotional pari passu rollercoaster
(DBN)

____________

UK:

HMRC Get Ready to Throw the Book at Tax Evaders
(DBN)

Pound breaks below $1.39 to hit a 7-year low as ‘Brexit’ fears bite
(DBN)

R3 welcomes 7% reduction in cost of entering bankruptcy
(DBN)

Orion and London and Overseas Scheme Administrators Announce Bar Date for Filing Claims Under Newly Approved Amending Scheme
(DBN)

Standard Chartered's Bad Loan Charges Surpass HSBC's: Chart
(DBN)

____________

EU:

‘Wake-up call’ for German economy
(DBN)

Euro zone composite PMI slumps to 13-month low in February
(DBN)

Europe stocks dragged on by weaker oil
(DBN)

____________

PIIGS:

Drumm dismisses bankruptcy lawyers Decides to represent himself in bankruptcy appeal Drumms asks for more time in US bankruptcy appeal
(DBN)

Is a $2.6 Trillion Time Bomb Ticking in Ireland?
(DBN)

Athens, IMF decide on termination of Greek program
(DBN)

____________

Canada:

More bad news for Canada's Boeing-challenger
(DBN)

Alberta most worried, as economic anxiety high across Canada
(DBN)

____________

China:

The real Chinese plan to control its economy
(DBN)

CNPC chair: China has “new normal” of slow growth
(DBN)

Two Wrong Ways to Think About China's Slowdown
(DBN)

Potential Damage From China’s Debt Problem
(DBN)

China Adds to the World's Most Dangerous Debt Pile
(DBN)

China's Baoding Tianwei Group says defaults on bonds worth 1 bln yuan
(DBN)

____________

Brazil:

Brazil Real Falls as Goldman Sachs Cites Fiscal Insolvency Risk
(DBN)

____________

MENA:

Owner of Golan Telecom Is Confident Israel Will Not Lead the Company to Bankrupt-report
(DBN)

____________

India:

Srei arm launches fund for stressed assets
(DBN)

____________

Japan:

Will The BOJ Write Off Japan's Debt? The Nikkei, JGBs, And The Failure Of Abenomics
(DBN)

Japan Is a Disturbing Cautionary Tale for America and the World
(DBN)

____________

Bahamas:

'Unforgivable' For CCA To Hide Baha Mar Opening Miss
(DBN)

Baha Mar Bidder's 'Hands Are Tied'
(DBN)

____________

Australia:

Peace Breaking Out in Asciano Battle Leaves Creditors in Limbo
(DBN)

____________

Mexico:

Mexican economy slows in fourth quarter as industry sinks
(DBN)

____________

Netherlands:

Lots of interest in bankrupt Perry Sport
(DBN)

____________

Switzerland:

Preliminary Draft for a Reform of Swiss International Insolvency Law
(DBN)

____________

South Africa:

South Africa Cuts Borrowing as Debt Ratio Climbs Above 50%
(DBN)

Rosenstreich: South Africa’s Situation Remains Critical
(DBN)

____________

France:

Hollande Bravely Takes On the 35-Hour Week
(DBN)

____________

Sweden:

Fleeing Negative Rates Swedes Are Finding Haven With Taxman
(DBN)

____________

Ukraine:

Orange Revolution Flashback for Tymoshenko as Ukraine Unravels
(DBN)

__________

 


The Daily Bankruptcy News is primarily a curated news link gathering service.   Most of the headlines contained in the publication are a collection of links to stories posted on the Internet by various third party publications.  Such content is owned by third party sources, not The Daily Bankruptcy News, and in some cases, these links change or expire, which means you may not be able to view some news stories in prior editions of the Daily Bankruptcy News. The DBN subscription fee is not a fee for access to the content of the links, but is a charge for the considerable work involved in gathering, organizing and presenting the links. Use of this site and The Daily Bankruptcy News is subject to our Terms of Use. If you received The Daily Bankruptcy News via email (and you have a paid subscription account), to view a news story, click on the headline, and the story should open in your web browser. To view additional stories, click back to the email and click on additional headlines, which will cause new stories to open in your web browser.  You can view the Daily Bankruptcy News on the web by clicking here.

Advertising
Advertising is available in The Daily Bankruptcy News. Click here for details  Feel free to contact us with any questions.

Passwords/Subscriptions
Access to certain links in The Daily Bankruptcy News is available only to readers holding a paid service subscription. These links are currently marked with a "DBN" notation. The cost of a subscription is $62/year, payable annually.  Volume discounts are available for sites with multiple users. Click here to see a schedule of discounts. Complimentary subscriptions are available for full-time educational and governmental employees and for full time students. For information about discounts or educational/governmental subscriptions, contact us by clicking here. A separate password is required for each member of a firm wishing access to restricted links.

New readers can receive a free password good for 30 days by clicking here. 30-day passwords are not available to readers who have previously had a password, even if the password was associated with a different email address used by the reader. Refunds are not available after purchase.

Readers who wish to change their passwords should click here. Readers who have forgotten their password should click here.

Adding Your Email Address To The Distribution List
If you would like to start receiving The Daily Bankruptcy News by email each day, click here, and fill in the information requested. There is no charge to be placed on the distribution list to receive the headlines, although access to many of the links behind the headlines requires a paid subscription (see above, under Passwords). If, after adding your email address to the distribution list, you do not receive an email confirming the addition, please contact us by clicking here for help.

Removing Your Email Address From The Distribution List
If you already receive The Daily Bankruptcy News by email and you wish to remove your email address from the distribution list, click here and send the email that should appear. You do not need to type anything in the body of the email message. Note that the email asking for removal must be sent from the same email address which is on our distribution list. If you do not receive an email confirming deletion of your email address from the distribution list, contact us by clicking here for help.

If receive the publication forwarded from an older email address, you will need to contact us as described below for help removing that older address from our distribution list.

Press Releases/News Tips
Please send press releases and news tips to admin@bkinformation.com

Contact Us
The Daily Bankruptcy News is published each business day by BKINFORMATION.COM, L.L.C. You can reach us at 281-402-3957 or at accounting@bkinformation.com (email inquiries are usually answered substantially more quickly than phone inquiries). Our mailing address is 935 Eldridge Road, No. 350, Sugar Land, Texas 77478.

Copyright 2016