February 29, 2016

The Daily Bankruptcy News

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3-Column Formating

 

Law:

NY judge dismisses top charges against former executives at Dewey & LeBoeuf Judge Drops Grand Larceny Charges Against Dewey Ex-Executives Dewey Saga Winds Down as Final Defendants Face Slimmer Trial Judge throws out toughest criminal charges against former Dewey leaders as prosecutors’ case shrinks Narrowing Charges in Dewey Case Hinders DA's Leverage
(DBN)

Biglaw Hiring Looking Up
(DBN)

A Rough Day for K&L Gates: Separate Groups in Chicago and D.C. Jump to Rivals
(DBN)

UK: A grab for cash: law firms and their cash reserves
(DBN)

Dentons Wants Money Back from Former Partners Dentons tells ex-Luce Forward partners of $1.9M clawback years after they joined predecessor firm
(DBN)

Why Secondments Are Even More Valuable to Law Firms Today
(DBN)

Global turnover tops $2.5bn at DLA Piper, but profits straggle behind
(DBN)

4 Things To Consider Before You Take The Lateral Plunge
(DBN)

Lawyers among most popular on Tinder
(DBN)

Contracts: If Only They Were Fun
(DBN)

Publicly Listed Law Firm Slater & Gordon Posts $683 Million Loss on U.K. Unit Writedown
(DBN)

Hogan Lovells to open global business services center in Louisville, Kentucky Yet Another Firm To Move Back-Office Operations Offsite; Will There Be Layoffs?
(DBN)

Amidst 39% Enrollment Decline, Valparaiso Law School Offers Buyouts To 27 Faculty
(DBN)

Female Attorneys Continue To Be Held Back By Gender Stereotypes
(DBN)

The Un-Sweet Spot Of Litigation
(DBN)

Second-Generation Lawyer Who Fled Cuba, Returns with Akerman
(DBN)

Justice and Clinton’s Email Probe
(DBN)

Who are the big-shot lawyers Apple hired to fight the US government? Why Apple says iPhone court order violates its free speech Here's Apple's best argument against hacking the San Bernardino shooter's iPhone Apple being forced into government service: Lawyer We Read Apple’s 65-Page Filing Calling B.S. On The D.O.J., So You Don’t Have To Likely Nothing of Value on Terrorist's iPhone
(DBN)

Virginia Police Officer Shot Dead During Her First Shift
(DBN)

10 Men’s Style Upgrades No One Will Mock
(DBN)

Seven must-have apps for the Apple Watch
(DBN)

Donald Trump Promises to Make America Litigious Again Trump wants to weaken libel laws amid feuds with reporters The curious case of Donald Trump and illegal Polish workers Trump's Birther Libel
(DBN)

Famous Lawyer Gets Famous Clients
(DBN)

Mass Shootings Ahead of Last Year's Pace
(DBN)

Judge rules citizens can’t video cops. What?
(DBN)

Detroit agrees to pay $100K to man whose dog was killed in police shooting caught on dashcam
(DBN)

Ohio Pastor Shot Dead During Sunday Church Services
(DBN)

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Judges:

Scalia’s Supreme Court Vacancy Could Leave Companies at a Loss
(DBN)

The case for nominating Elizabeth Warren to the Supreme Court
(DBN)

Scalia’s Death Prompts Dow to Settle Suits for $835 Million
(DBN)

Dow Chemical Says Scalia’s Death Doomed Class-Action Challenge
(DBN)

GOP Stance: Weaker on SCOTUS Than Thought
(DBN)

The Perils of Getting Picked for High Court
(DBN)

Behind Supreme Court standoff, party grievances from years ago
(DBN)

Trump: Judge's ethnicity matters in Trump University suit
(DBN)

Ethics court blocks deal over Pennsylvania supreme court justice’s email
(DBN)

2 brothers got no time in drug case until they mocked judge in crude Facebook posts after sentencing
(DBN)

Why This Judge May Be One Of The Only Supreme Court Nominees Worth Considering
(DBN)

______________

Wall Street:

U.S. stock futures pare losses after China move
(DBN)

U.S. Stocks Dip on Friday, One More Session to Settle February
(DBN)

For investors, the tough part is only beginning
(DBN)

Emerging Stocks in Fourth Monthly Decline as China Rout Extends
(DBN)

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Layoffs:

States Reducing Jobless Checks
(DBN)

Massive layoffs are coming to Bank of America
(DBN)

Penn State threatens to lay off around 1,100 employees
(DBN)

Chicago State University sends layoff notices to all 900 employees
(DBN)

Legions of ex-Nortel workers wait years for bankruptcy payouts
(DBN)

Workers for Bankrupt Ambulance Company Unexpectedly Locked Out
(DBN)

Zenefits Lays Off 250 Workers Zenefits layoffs come days after crackdown on frat-house culture
(DBN)

National and State by State Unemployment Rates
(DBN)

Animated Map of Unemployment
(DBN)

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Retailing:

Dead man walking Sears is in a 'perpetual state of decline'
(DBN)

US retailers rethink costs in wake of dismal holiday sales
(DBN)

Shopping malls face a mauling as even the big brands give up the struggle
(DBN)

Kohl's closing 18 stores across the United States Here’s Why Kohl’s Is Closing So Many Stores 13 of the Biggest Retailers in America Are Closing Down Stores
(DBN)

JC Penney's shares rise after upbeat revenue outlook JC Penney Debt Gains, Default Protection Cost Plunges After Strong Year-End Report
(DBN)

Sports Authority's possible March bankruptcy could mean it closes half its Arizona stores
(DBN)

No one is talking about a major reason why people aren’t shopping for clothes
(DBN)

American Apparel workers walk off job in protest of layoffs, salary cuts
(DBN)

____________

Celebs:

The best African-American figure skater in history is now bankrupt and living in a trailer
(DBN)

Jack Johnson’s bid to convert bankruptcy denied Johnson Dealt Setback In Bankruptcy Court
(DBN)

Is it Possible for Celebrities to Go Bankrupt and Still Be Rich?
(DBN)

How 50 Cent made and lost his money
(DBN)

The OC Star Mischa Barton Gets Volkswagen Repossessed
(DBN)

Olympian, Physician, Bankrupt
(DBN)

____________

Distressed Investing:

Junk Bonds Look Attractive Is The Worst Over For Junk Bonds ?
(DBN)

Energy, Mining Junk Bonds are Facing Jeopardy
(DBN)

____________

Banking:

Credit Suisse Said to Sell Distressed Assets in Thiam Reboot
(DBN)

The Crux Of CoCos
(DBN)

____________

Healthcare:

TN: Nursing Home Bankruptcy
(DBN)

When Nursing Homes Abandon Their Residents
(DBN)

FDNY EMS crews work non-stop since Transcare bankruptcy Following TransCare bankruptcy, new ambulance companies, new contracts
(DBN)

3 reasons Americans die sooner than people in other developed nations: guns, drugs, cars
(DBN)

Nursing home business founders did well as business tanked
(DBN)

____________

Aviation:

Why Republic Airways filed for bankruptcy even though it's profitable
(DBN)

Embraer says Republic Air had 24 jet orders at Chapter 11 filing
(DBN)

Republic Pilots Union Expects New Contract to Survive Bankruptcy
(DBN)

Big airlines say contractor bankruptcy won't disrupt flights
(DBN)

United Airlines hit with bad news: Regional flight operator Republic Airways declares bankruptcy
(DBN)

Qantas Returns From Junk-Bond Purgatory With Moody's Upgrade
(DBN)

____________

Politics:

‘Get on the Plane And Go Home’: Awkward Moment for Trump and Christie Donald Trump Refuses to Condemn KKK, Disavow David Duke Endorsement Why Won't Donald Trump Repudiate the Ku Klux Klan? Donald Trump Retweets Post With Quote From Mussolini Some of the world’s most infamous racists are endorsing Donald Trump
(DBN)

How Donald Trump Thinks About the Tax System IRS Commissioner Says Donald Trump’s Audit Scenario ‘Rare’ Donald Trump Can Legally Release Tax Returns Despite Being Audited ‘Unfairly’ Donald Trump Is Being Harassed By The IRS For His Evangelical Lifestyle Nine Key Points About Trump’s Income Taxes
(DBN)

This is where all of the true Trump die-hards live
(DBN)

Ben Carson’s Fruit Salad Makes the Internet Go Bananas
(DBN)

____________

Recycling:

Recycling industry buffeted by falling prices
(DBN)

____________

Newspapers:

Insider bid to acquire O.C. Register parent may be in jeopardy as key backer gets cold feet
(DBN)

____________

Electricity:

A Rocky Engagement Threatens to Spoil Energy Future's Comeback
(DBN)

____________

Ethanol:

Big Ethanol Player Files For Bankruptcy
(DBN)

Is Ethanol on Its Deathbed?
(DBN)

____________

 

 

 

 

Economy:

Warren Buffett just shredded the most popular idea in economics Buffett: 'The babies being born in America today are the luckiest crop in history.' Is Warren Buffett right: Are American children the luckiest in history?
(DBN)

Consumer sentiment was at three-month low in February
(DBN)

U.S. inflation rate in past 12 months doubles to 1.3% in January Deutsche Bank: Inflation is coming
(DBN)

Here's what will happen to your bank account if Federal Reserve interest rates go negative
(DBN)

In 36 States, Unemployment Rates Still Linger Above Prerecession Levels
(DBN)

Citi: There's Been a Worrisome Change in the Market for New Corporate Debt
(DBN)

How Many Americans Have Great Credit?
(DBN)

What Changed in the Fourth-Quarter U.S. GDP Report – At A Glance Economists React to the Fourth-Quarter GDP Report: ‘Less Than Meets the Eye’
(DBN)

The Economic Recovery's Geographic Disparities
(DBN)

Work Requirements Return for Food Aid
(DBN)

Wall Street starts cutting back growth outlook
(DBN)

The Myth of the Barter Economy
(DBN)

We're in recession and it's getting worse: Ron Paul
(DBN)

In the last 115 years, only one thing has stopped a profit collapse from leading to recession
(DBN)

Now It's Even Worse Than It Was When Lehman Collapsed, But It's 'Contained'
(DBN)

Former Fed official says central bank should pay less attention to bond market
(DBN)

Market forces hitting U.S. equivalent to three rate hikes, Fed’s Brainard says
(DBN)

U.S. Economy Starting 2016 on Solid Footing
(DBN)

U.S. trade gap in goods widens to 7-month high
(DBN)

OECD Sounds Alarm Over Slowdown In Economic Overhauls
(DBN)

'America HAD talent'
(DBN)

Why Stephen Hawking is more afraid of capitalism than robots
(DBN)

The worst kind of upward GDP revision — built on more inventories, less imports
(DBN)

Bankers Haven't Learned Meltdown's Lessons
(DBN)

Average American Has $106K for Retirement
(DBN)

US Debt Clock
(DBN

World Debt Clock
(DBN)

Economic Indicators Dashboard
(DBN)

______________

Real Estate:

GE units get DoJ subpoenas over subprime mortgages
(DBN)

The not-so-golden U.S. housing market
(DBN)

Houston Building Permits Fall 31%
(DBN)

NY: After failing to block a foreclosure auction, developer Joseph Beninati of troubled condo tower files for bankruptcy
(DBN)

UBS AG agrees to pay $13 million over mortgage bonds
(DBN)

Cash sales on homes continue to decline
(DBN)

Apartment-Building Boom Looks Set to Ease
(DBN)

Tent city evictions highlight San Francisco's homelessness problem
(DBN)

These 2 things will pop the housing bubbles in San Francisco and Silicon Valley
(DBN)

Men are twisting the knife that's already killing shopping malls
(DBN)

____________

Municipalities:

Detroit shifts to second gear in bankruptcy settlement plan
(DBN)

As Detroit Starts to Mend, Its Schools Lurch Toward Fiscal Crisis
(DBN)

Judge Steven Rhodes to start DPS job solo Judge Rhodes adds heft to DPS debate
(DBN)

Philadelphia urged to do more to avoid Detroit bankruptcy
(DBN)

Marco Rubio: Bankruptcy isn't right for Puerto Rico
(DBN)

Puerto Rican crisis roils 2016 race
(DBN)

Draft Treasury Legislation Would Give Puerto Rico Access to “Super Chapter 9” and Chapter 9 Bankruptcy
(DBN)

Puerto Rico Debt Crises: How Feasible is Treasury’s Plan?
(DBN)

Puerto Rico’s Debt Crisis is Focus of 2 Congressional Hearings as Dems Propose a "Super-Bankruptcy"
(DBN)

Lessons for New York from Atlantic City's collapse
(DBN)

Salem's $33M debt is 'unmanageable' investor service says, but city officials disagree
(DBN)

____________

Alternative Energy:

Live to Fight Another Day: Battered SunEdison Bites Back Against Billionaire Lawsuit
(DBN)

____________

Oil/Gas:

Mon.: Oil prices lower as investors mull oil-rig data
(DBN)

Oil Prices: Can Producers Survive the Glut?
(DBN)

Oil still under pressure, but bulls are on the run
(DBN)

U.S. shale's message for OPEC: above $40, we are coming back
(DBN)

Debt swaps become a tough sell for cash-strapped U.S. energy firms
(DBN)

Asset sales dominate as U.S. energy sector steers clear of big deals
(DBN)

Biggest Wave Yet of US Oil Defaults Looms as Bust Intensifies
(DBN)

Breitburn Energy Partners LP Digs In for a Tough Year
(DBN)

Oil price to stay low: Josh Frydenberg
(DBN)

The Oil Rout's Effect on Houston
(DBN)

Why Oil Booms and Busts Happen
(DBN)

Oil Prices Rally After Renewed Rumors Of Cuts Oil Extends Decline as Iran Calls Freeze Proposal `Ridiculous' Production cut “not going to happen,” says Saudi oil minister OPEC Member: Production Freeze, $50 Oil is Coming
(DBN)

Baker Hughes: US Oil Drillers Cut Rigs For 10th Week In A Row Shale bust claims another 13 oil rigs Eagle Ford rig count down 70 percent in the last year
(DBN)

Oil prices may be going up, but they can still cause a US recession
(DBN)

Industry Critics Fall Silent on Oil Profits
(DBN)

Oil patch going through 'pure hell,' but doesn't look to D.C. for salvation
(DBN)

New Normal for Oil Could Weight on E&P ETFs
(DBN)

Rigged deal
(DBN)

The New Oil-Storage Space: Railcars
(DBN)

EOG Posts First Annual Loss in its History
(DBN)

Seadrill (Part II) - All You Need To Know About The Balance Sheet
(DBN)

Elm Ridge: Lawsuits over debt sign of an ailing industry
(DBN)

Breitburn Energy Partners May Go Bust
(DBN)

Whiting suspends fracking, cuts budget 80 percent – investors cheer
(DBN)

Goodrich Petroleum: A Prisoner's Dilemma
(DBN)

Chadbourne Represents Lenders to Cheniere Energy Partners, L.P. on Approximately US$2.8 Billion Senior Secured Credit Facilities
(DBN)

Boston Restructuring & Insolvency Partner, K&L Gates Resolve Complex Bankruptcy of Buckingham Oil Interests
(DBN)

Can Chesapeake Energy Avoid Bankruptcy ? Chesapeake Energy: A Recovery Is In Sight
(DBN)

Oil And Natural Gas Crisis: Tracking Bankruptcy Risk Using Predictive Analytics
(DBN)

Upstream Debt May Put Pipelines Under Pressure
(DBN)

US shale frackers eye world conquest despite bloodbath
(DBN)

OPEC Losing Its Grip On Oil Markets
(DBN)

Nigeria: Price slump: Oil firms, banks risk bankruptcy over IOCs' assets acquisition
(DBN)

Petronas May Need to Raise Debt, Tap Cash Amid Oil's Slump
(DBN)

Electric Vehicles Could Soon Reduce Oil Demand By 13 Million Barrels Per Day
(DBN)

____________

Gambling:

Taj Mahal casino out of bankruptcy Trump's Former Atlantic City Jewel Exits Bankruptcy, Now Icahn's
(DBN)

US judge halts NY litigation vs. Caesars Entertainment Bankruptcy Judge Stays Bondholder Litigation Against Caesars
(DBN)

____________

Personal Finance:

Shopping for one: A dozen grocery hacks for living single
(DBN)

Five good money habits you probably already have
(DBN)

What to buy (and skip) in March
(DBN)

Being a good parent will physiologically destroy you, new research confirms
(DBN)

____________

Bankruptcy Crimes:

MA: Topsfield man sentenced to prison for bankruptcy fraud
(DBN)

____________

Religion:

Top Vatican cardinal will testify about abuse
(DBN)

A Top Pope Aide Calls Church Conduct in Abuse a ‘Catastrophe’
(DBN)

County cases against Diocese of Duluth on hold due to bankruptcy
(DBN)

____________

Video Games:

Consultant to judge: State officials knew loan to 38 Studios wasn't enough
(DBN)

____________

Shipping:

Consolidation in Container Shipping Needs to Continue if Industry Is to Right Itself, Says AlixPartners Study
(DBN)

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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 (29 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)

______________

Bankruptcy Statistics:

Oil, Gas and Commodities Sectors Drive Increase in Filings
(DBN)

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Miscellaneous:

The Week Ahead
(DBN)

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Involuntary Bankruptcy:

Petitioning Creditors Beware: A Bad Faith Filing Can Sink an Involuntary Bankruptcy Petition
(DBN)

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Estoppel:

Eighth Circuit Takes Hard Line on Judicial Estoppel
(DBN)

____________

Professional Compensation:

Creative Lawyers Thwarted in ASARCO Workaround Attempts
(DBN)

____________

 

Arbitration:

Will Consumer Financial Protection Bureau will adopt rules to rein in mandatory arbitration clauses?
(DBN)

____________

Education:

Institution’s Failure to Provide College Transcript Violates Automatic Stay in Student’s Bankruptcy Case
(DBN)

Checkered Past of Now-Defunct Trump University Comes Back to Haunt Candidate What’s the deal with Trump University—and why is Trump getting sued by his students? Trump Fact Check: "We (Trump University) have an ‘A’ from the Better Business Bureau." Trump's take on lawsuits against defunct school Trump: Judge's ethnicity matters in Trump University suit
(DBN)

Trapped in the Community College Remedial Maze
(DBN)

____________

Coal:

Bankruptcies in Coal Country put Self-Bonding in Spotlight
(DBN)

With coal in crisis, who foots bill to restore land?
(DBN)

Northern Plains’ coal reserves no longer seen as limitless
(DBN)

Lease moratorium: Coal industry was due some lumps
(DBN)

The slow, cancerous death of coal mining
(DBN)

More tough news for coal
(DBN)

Bankruptcy filing shows Arch Coal funding for Climate Denial Legal Group
(DBN)

____________

Fraud:

Prosecutorial Bent Shows in SEC Accounting-Fraud Push, Ex-Official Says
(DBN)

____________

Financial Privacy:

IRS Learns 390,000 More Taxpayers Were Victims of Last Year’s Hack
(DBN)

____________

Music Festivals:

SFX Chairman Requests Lawsuit Protection During Bankruptcy
(DBN)

____________

Student Debt:

US student debt : Lessons to last a lifetime
(DBN)

____________

Accounting:

KPMG axes dozens of partners
(DBN)

____________

 

Sovereigns:

Argentina inches closer to bond return with holdouts deal
(DBN)

Argentina Holdouts Face Deadline on Defaulted Debt
(DBN)

US Treasury backs gov’t on ‘vultures’ case
(DBN)

Vulture Funds Put to UN Human Rights Test
(DBN)

Latest News on Argentina and the Pari Passu Clause
(DBN)

Argentina : no longer a tardy payer?
(DBN)

Venezuela: the case for default
(DBN)

____________

UK:

U.S. Treasury Secretary Jacob Lew Says U.K. Should Remain in EU
(DBN)

Cheltenham man denies hiding assets including a house in Belgium from bankruptcy investigators
(DBN)

North Sea firms are 'sleepwalking into disaster' as insolvencies loom
(DBN)

____________

EU:

EU insolvency law reform could boost growth and jobs across Europe, finds new report
(DBN)

Euro zone dips into deflation, raising heat on ECB
(DBN)

UBS expects 250-300 billion euro of distressed credit in current cycle
(DBN)

Lord Mervyn King: 'Forgive them their debts' is not the answer
(DBN)

____________

PIIGS:

ie: Drumm granted extension in appeal for US bankruptcy after firing his legal team
(DBN)

Migration Crisis Complicates Greece’s Efforts to Finish Bailout Negotiations
(DBN)

Indebted Abengoa tells Spanish staff it lacks cash for wages
(DBN)

Abengoa SA seeks extension on $552 million in bonds
(DBN)

____________

Canada:

As Ottawa weighs Bombardier Inc bailout, questions about previous aerospace funding linger
(DBN)

Bombardier's $3 billion deal in peril after Republic Airways files for bankruptcy
(DBN)

Goodwill bankruptcy claims adding up
(DBN)

A trail of debt and lawsuits: the last days of Sadie Moranis Realty
(DBN)

Recycling CEO blames City of Edmonton for bankruptcy
(DBN)

____________

China:

Vampire attack: Debt-laden companies imperil China's growth
(DBN)

China is finally facing reality
(DBN)

As State Firms Brace for Shakeup, China's Great Jockeying Begins
(DBN)

China’s central bank cuts banks’ reserve requirement
(DBN)

China stocks drop sharply as yuan hits 3-week low China Stocks Tumble Toward 15-Month Low as Stimulus Bets Unwind
(DBN)

China Expects 1.8 Million Coal , Steel Layoffs on Capacity Cuts
(DBN)

____________

Japan:

Japanese Firms Bet on Bubble Economy
(DBN)

Land of the Falling Son
(DBN)

____________

MENA:

3 reasons Saudi Arabia is freaking out about its cash situation
(DBN)

Arab States Face $94 Billion Debt Crunch on Oil Slump, HSBC Says
(DBN)

3-year-old boy sentenced to life in prison
(DBN)

____________

India:

Panel examining bankruptcy code given extension
(DBN)

New bankruptcy law, rehabilitation of stalled projects can speed up sick business exits
(DBN)

____________

Brazil:

Sete stakeholders ‘hold bankruptcy talks’
(DBN)

Will Petroleo Brasileiro SA Petrobras $10 Billion China Loan Ease Off its Debt Miseries?
(DBN)

Brazil: Laid-off workers occupy factories, demand pay
(DBN)

Brazil's regulator favors market solution to Abengoa crisis
(DBN)

Taesa Mulls Acquisition of Abengoa's Brazil Transmission Lines
(DBN)

Vale Relegated to Junk by Moody's in Three-Step Downgrade
(DBN)

____________

Australia:

“A Major Leap Forward for Australian Insolvency Laws”
(DBN)

An Australian insolvency snapshot for 2016
(DBN)

____________

Venezuela:

Deepening default fears cast shadow over Venezuela’s oil flows
(DBN)

Venezuela Sees Savior in Gold as Country Fights to Avoid Default
(DBN)

Maduro running out of time in Venezuela
(DBN)

____________

Mexico:

Nearing Tequila Crisis-Era Debt Levels Gives Mexico a Hangover
(DBN)

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