February 3, 2016

The Daily Bankruptcy News

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3-Column Formating

 

Law:

Associate Bonus Watch: Earth To Partners — The Recession Is Over
(DBN)

The Best Law Firms In America According To In-House Counsel
(DBN)

DLA Piper Restructuring Co-Chair Joins Ropes & Gray
(DBN)

DLA Piper Shakes Up Non-U.S. Compensation
(DBN)

Loeb & Loeb Adds Bankruptcy Partner in LA
(DBN)

The Lawyer Who Said, 'This Ain't for Me'
(DBN)

Litigation Funders Find Opportunity in Bankruptcy
(DBN)

ACC Annual Survey: Oil and gas departments are shrinking as others bulk up
(DBN)

Moody’s downgrades rating of California Western School of Law
(DBN)

Harvard Transfers Don’t Spell Financial Trouble, But Several Law Schools’ Bond Ratings Do
(DBN)

ABA House To Vote On Uniform Bar Exam
(DBN)

Basic Humanity 101: For Law Students (And Faculty)
(DBN)

The Am Law 100, the Early Numbers: A Strong Year for Goodwin Procter
(DBN)

Can Saying You’re Sorry Help With Client Relations?
(DBN)

Debunking 3 Legal Technology Myths
(DBN)

Taube Summers Lawyers Move to Waller Firm Why Waller is betting big on Austin
(DBN)

Slater and Gordon in talks over debt restructuring
(DBN)

Respected Legal Recruiter Suggests Law Grads Find ‘Sugar Daddies’ To Pay Off Their Debts
(DBN)

The Road Not Taken: Finishing Touches
(DBN)

Cliven Bundy Tells Militia to Stay Put
(DBN)

Courtney Love’s win in ‘Twibel’ suit by her ex-lawyer is upheld by appeals court
(DBN)

Posner opinion upholds lifetime GPS bracelet for sex offender who isn’t ‘just a harmless old guy’
(DBN)

Lawyer is accused of getting opposing counsel’s trial questions from emails hacked by client
(DBN)

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Judges:

Retired Bankruptcy Judge Robert Gerber Joining Joseph Hage Aaronson
(DBN)

Texas Rangers, Pilgrim's Pride Judge Looks Forward to Firm Life
(DBN)

Plaintiffs’ Lawyer, Former Judge on Short List for Delaware Chancery Court
(DBN)

Judge: Stop Wearing Pajamas to Court
(DBN)

Former judge pleads guilty for ordering deputy to jolt defendant with Stun-Cuff
(DBN)

Husband and wife run for same judge position
(DBN)

Four Supreme Court Justices are older than 75. Is that a problem?
(DBN)

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Wall Street:

Wall Street set for a struggle to recover from oil-driven plunge
(DBN)

Emerging Stocks Drop as Oil Stokes Growth Concern
(DBN)

Europe seen lower following global sell-off
(DBN)

Dow drops 300 as oil falls; Nasdaq off 2%
(DBN)

Global stocks snap winning streak as oil pressure returns
(DBN)

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Layoffs:

Hit by falling oil prices, BP to cut 3,000 jobs BP to cut 7,000 jobs after posting huge loss
(DBN)

Dow Chemical To Cut 500 More Jobs
(DBN)

Yahoo to Fire 15% of Workforce 1,600 job cuts
(DBN)

Ex-employee sues over Yahoo worker rating system, says it does end run around WARN requirements
(DBN)

National and State by State Unemployment Rates
(DBN)

Animated Map of Unemployment
(DBN)

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Politics:

How Ted Cruz Won Iowa The Strange and Terrifying Case of Ted Cruz's Two Watches Iowa Clarifies Cruz's Strengths and Vulnerabilities Here’s What Opposing Counsel Thinks Of Ted Cruz — It Isn’t What You’d Expect
(DBN)

Six Takeaways From Iowa for the 2016 Election
(DBN)

Some of the richest Silicon Valley Republican executives are refusing to back Donald Trump or Ted Cruz
(DBN)

Trump's Bubble Just Got Burst Trump on the Brink Iowa caucuses proved Trump hype was wrong: Cantor Donald Trump is a loser Trump's odds of winning the election just got sliced in half Trump: New Hampshire 'probably suits me better' Donald Trump Returns to Form 'They're going to sue his a-- off': Donald Trump launches new wave of Ted Cruz attacks Does Donald Trump Want to Have S-- With His Daughter?
(DBN)

John Kasich: I’ll reunite Pink Floyd ‘once and for all’ to teach Americans about ‘Money’
(DBN)

Jake Tapper visibly baffled by Sarah Palin
(DBN)

Ben Carson Claims Sabotage by Dirty Tricks Here's the Ben Carson Smear Email Ted Cruz's Campaign Sent to Staffers in Iowa Cruz Campaign Sorry They Lied About Carson
(DBN)

Bernie Sanders’s Tax Increases Fall Short of Paying for Health Plan, Analysis Finds One chart that explains how Sanders tied Clinton in Iowa The Clinton-Sanders race in Iowa was the closest in history
(DBN)

Rubio’s Success in Iowa’s College Towns and Exurbs Bodes Well in N.H.
(DBN)

What the World Thinks of Our Political Race
(DBN)

Who Do Americans Believe Is Best Suited to Fix the Economy?
(DBN)

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Metals:

Horsehead Holding shares halve as zinc maker files for bankruptcy Here's who Horsehead owes the most money to Pittsburgh-based Horsehead Holding declares bankruptcy Zinc Producer Horsehead Holding Files for Chapter 11 Horsehead's future uncertain following bankruptcy filing First Day Dec
(DBN)

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Hollywood:

Relativity Media is approved to exit bankruptcy but must meet judge's conditions Relativity Media Poised For Bankruptcy Exit Relativity Judge Says He'll Let Studio Out Of Bankruptcy
(DBN)

Relativity Gets Kevin Spacey's Guidance With Bankruptcy Exit
(DBN)

Relativity Judge Not Ready to Approve Bankruptcy Exit Judge Says Studio Isn't Ready to Exit Bankruptcy Judge: Too Many Loose Ends
(DBN)

Judge Overrules Netflix Objections To Exit Plan
(DBN)

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Religion:

Settlement of Diocese of Gallup bankruptcy case hits a snag
(DBN)

Harlem pastor: Gays can’t foreclose on my church until they . . .
(DBN)

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Student Debt:

American Students Know Almost Nothing About Their College Loans
(DBN)

The college majors where people struggle with debt the most
(DBN)

College debt relief could be the next big workplace perk
(DBN)

Feds should own student loan problem
(DBN)

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Finance:

CIT misses estimates on restructuring costs
(DBN)

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Healthcare:

St. Elizabeth acquires another hospital in bankruptcy sale
(DBN)

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Broker/Dealers:

RCS Capital Begins Restructuring with ‘First Wave’ of Ch. 11 Filings
(DBN)

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Telecoms:

Sprint's Credit Rating Cut by S&P
(DBN)

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Banking:

Bank Bear Market Gets Worse as Goldman, Citi Sell Off Again
(DBN)

Failed Denver bank part of $63M settlement with Morgan Stanley
(DBN)

House Measure Would Loosen Bank Liquidity
(DBN)

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Distressed Investing:

Diving Into Distressed Debt
(DBN)

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Paper:

Blackstone Debt Deal for Troubled Paper Firm Seen Facing Hurdle
(DBN)

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Economy:

U.S. factories show signs of stabilization; consumers hibernate
(DBN)

The American Household Anger Chart
(DBN)

A Bad Feeling About Inequality
(DBN)

Banks report drop in demand for loans
(DBN)

Goldman Sachs Says It May Be Forced to Fundamentally Question How Capitalism Is Working
(DBN)

Credit Market Fear Gauge Jumps as Oil Plunge Renews Global Rout
(DBN)

More central bank rate cuts coming before any hike
(DBN)

The Fed Wants to Stress Test Rates Less Than Zero in 2016
(DBN)

Negative interest rates have central banks in 'Funkytown'
(DBN)

Fearing lean times, U.S. companies tighten purse strings
(DBN)

Why the Best Junk Fund Manager Since '11 Is Betting on a Rebound
(DBN)

How Auto Sales May Dent U.S. Growth
(DBN)

What's Behind the Surge in Personal Loans?
(DBN)

Global Economy Still on Life Support
(DBN)

Record Low U.S. Treasury Yield In Sight as Global Slowdown Seen
(DBN)

Could an Obama-Ryan Tax Plan Fix America’s Labor-Force Woes?
(DBN)

Boys Born Poor Face Higher Joblessness Than Girls
(DBN)

The reason recession calls are so loud right now is because people aren't over 2008
(DBN)

Iowa Town Where Immigrants Took the Jobs
(DBN)

All the people being left behind in America’s booming cities
(DBN)

Junk bond stress is spreading beyond energy, says Moody’s
(DBN)

Salaries for recent college graduates are reaching a ten-year high
(DBN)

Rail Exec Lays Out US Economic Problems
(DBN)

More State Economies May be Contracting
(DBN)

US Debt Clock
(DBN

Economic Indicators Dashboard
(DBN)

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Real Estate:

Why Hundreds of Nearly Identical Bankruptcy Claims Yielded Vastly Different Results in the Aftermath of the Housing Bubble
(DBN)

CoreLogic: Home prices maintain pace, increase 6.3%
(DBN)

"Mortgage Rates Down to New 8-Month Lows"
(DBN)

The Return of Alt-A?
(DBN)

Fannie Mae: Mortgage Serious Delinquency rate declined in December
(DBN)

Bankrupt Investment Fund That Targeted Amish May Get New Leader
(DBN)

Failure to Establish Proper Mailing Practices Can Lead to Foreclosure Case Dismissal
(DBN)

Stop Notices and Mechanic's Liens: Construction Lenders' Nightmares
(DBN)

FDIC reaches $63m RMBS settlement with Morgan Stanley
(DBN)

Six important things to know about the 2016 housing market
(DBN)

Vegas developer faces foreclosure, bankruptcy battle over Loop site
(DBN)

Texas seizes title company after millions in customer money allegedly disappears
(DBN)

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Municipalities:

A Warning on Bankruptcy in Puerto Rico's Debt Crisis
(DBN)

Puerto Rico Needs More Than Bankruptcy to Exit Debt Crisis
(DBN)

Republicans Show Signs of Compromise on Puerto Rico
(DBN)

Why It's So Important To Get Puerto Rico's Reform Right
(DBN)

No special treatment for Puerto Rico's government
(DBN)

Bloomberg’s Dean on the Puerto Rican Debt Hearing
(DBN)

A look at investigations into Flint's lead-tainted water Lawsuits seek $250M due to Flint, Michigan, water supply issues Why is the FBI getting involved in Flint? Regulator: Michigan should have forced Flint to treat water
(DBN)

Detroit Schools' Emergency Manager to Step Down
(DBN)

Chicago Schools Race to Stave Off Cash Crunch Chicago Schools Announce Cuts After Union Rejects Offer Chicago Teachers Union calls proposed cuts by district 'an act of war'
(DBN)

After a Massacre, San Bernardino Police Stare Down Crippling Cuts
(DBN)

San Bernardino, fire union resolve $40 million in claims
(DBN)

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Oil/Gas:

How Will Exploration and Production Companies Weather the Storm of 2016?
(DBN)

Weds.: Crude Oil Stays Below $30 a Barrel Oil futures nudge higher, reversing earlier falls but oversupply weighs Oil rises after Russia says open to OPEC meeting How Russia’s ‘verbal intervention’ triggered an oil market rebound
(DBN)

US Crude Supplies Rose by 3.8M Barrels: Sources
(DBN)

Oil Prices Could Jump 50% by the End of 2016
(DBN)

Oil sinks for second day on fading output deal hopes, weather
(DBN)

S&P takes aim at energy companies
(DBN)

A Guide to Oil Producers' Scramble for Money as Crude Tumbles
(DBN)

Oil companies defaulted on more than $13 billion of debt last year
(DBN)

OPEC delegates say no meeting planned in February
(DBN)

Exxon slashes spending after smallest profit in years Exxon to cut capex by 25% to 10-year low Time For Exxon To Wake Up Exxon Mobil: When Bad Oil News Isn't So Bad
(DBN)

Oil Slides As Oil Majors Report Poor Results
(DBN)

Oil Industry's Plan to Keep Investors Happy: Borrow More Money BP CEO Says Debt Can Rise to Sustain Dividend During Oil Slump
(DBN)

Statoil Seen Deepening Cuts to Keep Dividends Amid Crude Slump
(DBN)

Natgas storage company Peregrine Midstream files for bankruptcy First Day Dec
(DBN)

Extreme Plastics Pushed Into Bankruptcy By Low Oil Prices First Day Dec
(DBN)

Swift Energy Wins Approval to Sell Louisiana Assets
(DBN)

BP CEO: oil outlook ‘lower for longer, but not lower forever’
(DBN)

Quicksilver Resources issues layoff notices
(DBN)

Warren Resources skips interest on senior notes, hires Jefferies
(DBN)

China Going Crazy for Cheaper Oil
(DBN)

Oil Slump Makes Energy Stocks Attractive
(DBN)

Oil Crash One of the Great Wealth Transfers
(DBN)

Lagarde: Troubled Oil Countries Keep Me Up
(DBN)

Which oil nation will need bailing out next?
(DBN)

____________

Banking:

UBS bank shares plunge as rich investors withdraw money
(DBN)

____________

Retailing:

Hancock Fabrics files for bankruptcy , considers sale of company Mississippi's Hancock Fabrics seeks bankruptcy protection First Day Dec
(DBN)

Report: Dov Charney Creating Another Retail Chain In American Apparel’s Likeness
(DBN)

Rent-a-Center swings to a loss on big charge
(DBN)

Quiksilver president Greg Healy to address bankruptcy concerns
(DBN)

Oaktree Said to Boost Quiksilver Bet as Company Exits Bankruptcy
(DBN)

Bankrupt Auto-Parts Chain Points to E-Commerce Demands, Costs
(DBN)

Toys ‘R’ Us Hires BofA, Goldman, Lazard to Help Refinance Debt
(DBN)

____________

Celebs:

‘Dance Moms’ Star Abby Lee Miller’s $750,000 Earnings Revealed Amid Bankruptcy Fraud Case Did Abby Lee Miller Lie About Quitting ‘Dance Moms’ Because of Legal Issues? ‘Dance Moms’ star Abby Lee Miller’s $750,000 earnings exposed, bankruptcy fraud case still ongoing
(DBN)

50 Cent: You Love Him in a Bentley, But Would You Love Him on a Bus? 50’s Creditors Have 21 Questions, and They’re All About U.S. Bankruptcy Law 50 Cent's New Bankruptcy Documents Show He Spends $135,000 Per Month
(DBN)

Bizarre twist in Cosby case: former prosecutor testifies on his behalf Former Prosecutor Waylays Bill Cosby's Long Road to Indictment Former DA says Cosby accuser had ‘credibility issue’ and his nonprosecution decision was binding
(DBN)

Broke Tori Spelling Signs Up To Shill For ‘Psychic Source’
(DBN)

____________

Ports:

Port operator Outer Harbor Terminal LLC files for bankruptcy
(DBN)

Outer Harbor: First Day Dec
(DBN)

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Cruise Ships:

Royal Caribbean guidance falls short of estimates
(DBN)

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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 (51 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (5 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:

Texas attorneys expect 30% rise in state’s business bankruptcies and restructurings in 2016
(DBN)

Western New York bankruptcy filings drop 8.2 percent
(DBN)

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Insurance:

New York Federal Bankruptcy Court Finds Insurance Insolvency Proceeding Does Not “Reverse – Preempt” Bankruptcy Court Jurisdiction
(DBN)

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Proofs of Claim:

A Tale of Two Courts: Florida and Illinois Courts Use Different Rationales to Shoot Down Crawford Claims
(DBN)

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Personal Bankruptcy:

An Anatomy of U.S. Personal Bankruptcy Under Chapter 13
(DBN)

____________

Avoidance Actions:

7th Cir. Holds Lender's Inquiry Notice Allows Avoidance of Security Interest in Bankruptcy
(DBN)

Seventh Circuit Warns Banks: Ignore Red Flags at Your Own Peril
(DBN)

United States Bankruptcy Court for the Southern District of New York Holds That Avoidance Powers Can Be Applied Extraterritorially, Resulting in a Split Within the Southern District of New York
(DBN)

____________

Environmental:

Freedom Industries official slammed with probation and fine for 2-14 West Virginia Chemical Spill
(DBN)

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Professional Compensation:

Fourth Circuit Affirms Priority of Tax Lien over Failed Chapter 11 Professional Fees
(DBN)

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Plan Confirmation:

Unsecured Creditor Wins Over Individual Ch. 11 Debtor
(DBN)

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Chemicals:

LyondellBasell revenue falls short
(DBN)

____________

Coal:

Five Stories To Watch in the Arch Coal Bankruptcy
(DBN)

Appalachian Miners Are Learning to Code
(DBN)

____________

Food/Beverage:

N.J. restaurant & hospitality group owner files for Ch. 11 bankruptcy
(DBN)

Chipotle says California probe widens into national investigation Chipotle's E. coli outbreak is getting even more fishy Chipotle's horrible quarter was just as bad as they thought
(DBN)

Haggen pushes back auction for core stores to Feb. 11
(DBN)

____________

Music Festivals:

SFX' Bankruptcy May See The End Of TomorrowWorld SFX Meltdown: ‘No Concrete Plans for TomorrowWorld 2016…’
(DBN)

Sillerman to be Replaced at SFX
(DBN)

____________

Fraud:

Auction features Madoff jewelry and watches
(DBN)

Premier Cru: Secret computer saved, wine IT tech hired in bankruptcy case
(DBN)

Martin Shkreli Can’t Shut Up About Shutting Up Shkreli Plays ‘Daredevil Game,’ Hiring Himself to Run His PR
(DBN)

Ponzi Scheme Discoveries and Sentences Dropped Sharply In 2015
(DBN)

____________

Power Equipment:

ABB's net profit falls 70% after cost cutting: CEO
(DBN)

____________

Internet:

These are the things Yahoo will kill as part of its plan to save hundreds of millions of dollars
(DBN)

____________

Autos:

It looks like Volkswagen may finally have a fix for some of its dirty diesel engines
(DBN)

Can old factory grounds be transformed into an autonomous hotbed?
(DBN)

____________

Pharma:

A government document dump just confirmed the ugliest things Wall Street didn't want to believe about Valeant
(DBN)

____________

Shipping:

Daiichi Chuo bankruptcy: Bulk shipper to seek joint investment from creditors-
(DBN)

____________

Defaults:

US Leveraged Loan Market Sees Busiest Default Month Since 2010
(DBN)

____________

Sovereigns:

Argentina: Gov't announces agreement with Italian bondholders Argentina Agrees to Pay $1.35 Billion to Italian Holdouts Argentina agrees to pay Italian bond holders including "a reasonable interest" After 14 Years at Odds, Argentina Aims to Settle Debt With Hedge Funds
(DBN)

A Lone Hedge Fund Seeks Allies in $5.1 Billion Peru Bond Dispute
(DBN)

Ukraine Debt Sinks as Minister's Exit Flags Cracks in Government
(DBN)

____________

EU:

Amid Market Turmoil, Buyout Loans Buoy Europe at Levels not Seen Since 2008
(DBN)

EU Financial-Crisis Laws Need Overhaul, Industry Tells Hill
(DBN)

Eurozone economy 'losing steam' amid market turmoil
(DBN)

Ford Europe cuts jobs to achieve $200 mln cost savings
(DBN)

European Investment-Grade Corporate Risk Climbs to Two-Year High
(DBN)

____________

PIIGS:

Irish unemployment falls to 7-year low of 8.6 percent
(DBN)

Abengoa, creditors to start talks on viability plan on Wednesday - sources
(DBN)

How Italy Seeks to Lure Investors to Its Pile of Bad Loans: Q&A
(DBN)

Creditors reject Greek social security reform plans
(DBN)

____________

Russia:

Putin lines up state sell-offs to plug budget hole
(DBN)

____________

France:

France: The short seller vs the supermarket
(DBN)

____________

Brazil:

Brazil’s airlines may be up for sale
(DBN)

US judge says Petrobras investors can sue as group
(DBN)

Brazil Steel Maker CSN On Verge Of Bankruptcy As China Demand Vanishes
(DBN)

____________

Bahamas:

Bahamas Mega-Resort Stands Empty, Casualty of Dispute With Chinese Partners
(DBN)

____________

MENA:

The drastic plunge in oil prices could have catastrophic consequences in Iraq
(DBN)

____________

Venezuela:

Oil woes could make Venezuela restructure China debt
(DBN)

Venezuela May Have `Accidental' Default This Year, Nomura Says
(DBN)

____________

China:

China Has $23 Billion in Debt That Could Be Cut to Junk
(DBN)

Chinese Stocks Extend Monthly Rout as Energy Producers Decline
(DBN)

____________

South Korea:

At 786% Debt-to-Equity, Hyundai Merchant Faces `Brutal' Year
(DBN)

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