February 4, 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:

Greenberg Traurig acknowledges merger talks with UK law firm Greenberg Traurig is in Early Talks to Tie Up with London Law Firm Law Firm Merger Mania: Greenberg Traurig Flirts With A British Suitor Greenberg Traurig Confirms Tie-Up Talks With British Firm Greenberg Traurig Confirms Tie-Up Talks With British Firm BLP targets Greenberg Traurig for merger Berwin Leighton Paisner in merger talks with US giant Greenberg Traurig to create 2,500 lawyer super firm
(DBN)

This Law Firm Has the Strongest Brand for 5 Years Running
(DBN)

Can This Tech Company Save Legal Education?
(DBN)

Carter Ledyard Elevates Bankruptcy Lawyer To Counsel
(DBN)

Sutherland Adds Energy Bankruptcy Partner In Houston
(DBN)

Law Schools Are Not Exposing Students To Real World Business Development
(DBN)

Goodwin Procter reveals double digit revenue growth to $865m
(DBN)

Companies Pressure Law Firms With Procurement Process
(DBN)

Judge Orders Examiner in Zucker Goldberg Bankruptcy Case
(DBN)

The Model for Law Firms Looking to Improve Client Relations
(DBN)

The Am Law 100, the Early Numbers: Paul Weiss Partner Profits Top $4 Million
(DBN)

King & Spalding Breaks $1B in Revenue in 2015
(DBN)

Drinking is a Problem for 1 in 3 Lawyers, Study Finds - Junior associates have highest rate of alcohol abuse
(DBN)

When Pedigree Referred To Pets, Not Lawyers
(DBN)

Houston a La Carte: Behind Orrick's Texas Expansion
(DBN)

Courts Required to Consider Continuance of Hearing on a Motion for Summary Judgment
(DBN)

After years of legal battle, Mexican immigrant becomes a New York lawyer
(DBN)

Viral ads launch young attorney into role in Taco Bell’s Super Bowl product promotion
(DBN)

Stress is shrinking your brain, but you can rebuild it
(DBN)

Steven Avery's brother offers new evidence that could help the 'Making a Murderer' convict
(DBN)

An hour spent on security checklist will help block hackers, WSJ tech columnist says
(DBN)

Robert Durst pleads guilty to gun charge, clears way for LA murder trial
(DBN)

Uber for Divorce? These Start-Ups Are Bringing DIY Divorces to the Masses
(DBN)

Former general counsel will receive $850K for alleged defamation by his onetime employer
(DBN)

When You Work For A Law Firm That’s Designated As A Hate Group, This Is What People Say About You
(DBN)

What happens when you pull over a police officer?
(DBN)

Jury Summons Instructs People To Call S-- Hotline
(DBN)

______________

Judges:

Chief judge changes policies after news of guardianship work by judge’s wife
(DBN)

How long has Justice Thomas declined to ask oral argument questions? An anniversary nears
(DBN)

Five Hilarious Things Litigators Can Learn From Judge Judy
(DBN)

______________

Wall Street:

US stock futures higher as oil rallies
(DBN)

Global stocks rise as weak dollar, US rate outlook keep oil strong
(DBN)

Stocks close higher after a late-day turnaround
(DBN)

Why has 2016 been so bad? Earnings, in a word
(DBN)

Ugly earnings may mean a scary 20% S&P 500 plunge
(DBN)

4 scenarios that could goose the market ‘fear gauge’
(DBN)

Goldman Sachs just announced a big shake-up
(DBN)

Credit Suisse Investment Bank Slumps as Thiam Speeds Up Overhaul Credit Suisse swings to $5.8 billion loss
(DBN)

Private equity may be Wall Street’s canary
(DBN)

______________

Layoffs:

Autodesk announces 925 layoffs -- 10% of its workforce -- as part of restructuring plan
(DBN)

SandRidge Energy Lays Off 172 In OKC
(DBN)

Weatherford to cut thousands of additional jobs
(DBN)

Energy companies plan to shed jobs
(DBN)

National and State by State Unemployment Rates
(DBN)

Animated Map of Unemployment
(DBN)

______________

Politics:

Rand Paul drops out of race for Republican nomination Rand Paul's Exit Is Good for Democracy
(DBN)

Paul Ryan to Tea Party: You Are the Problem
(DBN)

Trump: No regret over his Fox News debate boycott Trump accuses Ted Cruz of violations in Iowa Trump cries 'fraud,' calls for do-over in Iowa Donald Trump's Iowa performance was genuinely impressive Trump: I will 'probably' sue because Ted Cruz cheated in Iowa The Limits of Donald Trump's Accusations Donald Trump loses Iowa but wins Nobel Peace Prize nomination President Trump's Revolution? Fear Not Can Art Trump Trump? Ted Cruz Crows About Jimmy Carter’s Choice of Trump
(DBN)

New Hampshire won’t go for Iowa winner Ted Cruz
(DBN)

What we can learn from Bernie Sanders’s Iowa voters
(DBN)

Silicon Valley waiting for Bloomberg’s bid, reluctantly supporting Clinton John Kerry gets sucked into the Hillary Clinton email scandal Hillary desperately needs New Hampshire moms, because their kids are feeling the Bern Hillary on Trump: 'We were not friends'
(DBN)

Lloyd Blankfein To Bernie Sanders: ‘Where Brooklyn At?!’
(DBN)

Rick Santorum quitting presidential race, CNN reports
(DBN)

Wall Street is betting big on Rubio, Clinton
(DBN)

____________

Retailing:

The CEO of Michael Kors, in 2 sentences, lays out why brick-and-mortar retailers are doomed
(DBN)

Can 'Made in the USA' save American Apparel?
(DBN)

Hancock Fabrics closing 70 stores after filing for bankruptcy
(DBN)

____________

Healthcare:

Free ABI Live Webinar: Restructuring of Continuing Care Retirement Communities
(DBN)

Progress on Go Ye restructuring plan continues
(DBN)

Questions over $8 million in deferred interest stall progress Progress on Go Ye restructuring plan continues
(DBN)

St. Mary's hospital praises Prime Healthcare Services
(DBN)

____________

Celebs:

Caesars Tackles Gordon Ramsay Restaurants in Bankruptcy
(DBN)

Bill Cosby in court: Former DA says comedian is shielded from prosecution Bill Cosby Riding High on Day 2 of Challenge to PA Assault Charge Judge OKs criminal case against Bill Cosby, rejects immunity argument
(DBN)

____________

Hedge Funds:

Activist hedge fund Orange Capital to shut down, return $1 billion to investors
(DBN)

____________

Ports:

Oakland bankruptcy won't deter Ports America investment elsewhere
(DBN)

____________

Ethanol:

Creditors seek to put Abengoa's US bioethanol unit into bankruptcy
(DBN)

Enough With Ethanol
(DBN)

____________

Steel:

Steelmakers face another year of pain even as prices steady
(DBN)

____________

Mass Torts:

U.S. Chamber Commends Senate Judiciary Committee Efforts to Bring Transparency, Oversight, and Accountability to Asbestos Bankruptcy Trusts
(DBN)

____________

Student Debt:

The Borrower Defense Provision: An Easier Way To Discharge Federal Student Loans (With No Tax Consequences)? Can once-obscure ‘borrower defense’ help law grads erase student debt?
(DBN)

Here's the Toll That Student Debt Can Take on Retirement
(DBN)

____________

Economy:

U.S. private-sector jobs growth continues ADP: Slower But Still Healthy US Job Growth In January
(DBN)

Stratfor predictions for what world will look like in 10 years
(DBN)

Why are Americans so angry?
(DBN)

Goldman: Fed will only hike 3 times this year
(DBN)

Toxic Loans Around the World Weigh on Global Growth
(DBN)

Service-sector growth slowest in two years Terrible news about the most important part of the US economy
(DBN)

Here’s What Oil and Gas’s Ugly 2015 Did to Business Investment
(DBN)

Fed’s Dudley: Financial conditions will factor in Warns conditions are tightening
(DBN)

Tumbling Treasury yields point to lower rates for longer
(DBN)

The Pros and Cons for Negative Interest Rates
(DBN)

Bank stocks rocked by recession fears
(DBN)

Goldman boss likens central bankers to oncologists
(DBN)

Gross: 'Shades of 2007' as central banks flunk Bill Gross Says Central Banks ‘Increasingly Addled’ Gross Asks World's Central Bankers: ‘How's It Workin' for Ya?’
(DBN)

Why just a 2% chance of a U.S. recession this year Recession odds 40 percent: Deutsche's LaVorgna
(DBN)

El-Erian: Can we get economy out of the mud?
(DBN)

Treasury says it told Congress about debt-ceiling planning
(DBN)

Four big reasons to worry about our financial futures
(DBN)

Myth of the Welfare Queen and Her Cadillac
(DBN)

US Debt Clock
(DBN

Economic Indicators Dashboard
(DBN)

______________

Real Estate:

Landlord Debtor: The Cost of Rejection
(DBN)

Wells Fargo to pay $1.2B for 'reckless' mortgages Wells Fargo Last of Four Banks to Settle FHA Lawsuit Why Wells Fargo Blinked in Its FHA Fight with the Government
(DBN)

Deutsche Bank to Face US Suit Over Mortgages
(DBN)

Morgan Stanley Pays $63 Million to FDIC
(DBN)

Report Shows Steady Subprime Mortgage Growth
(DBN)

Misconduct by HAMP Servicers Examined
(DBN)

Bighorn Capital faces foreclosure, bankruptcy battle over Garvey Court property in Chicago Loop
(DBN)

____________

Municipalities:

Puerto Rico's Argentina-Like Debt Gambit Comes With a Big Catch
(DBN)

House Republicans Lean Toward Federal Oversight for Puerto Rico
(DBN)

Puerto Rico Continues Quest to Eradicate Debt
(DBN)

Puerto Rico Cries Wolf (Again)
(DBN)

Congressional Hearing Examines Puerto Rico Debt Crisis
(DBN)

Puerto Rico's Debt Crisis Empties Houses, Impoverishes Citizens
(DBN)

Former Obama Treasury Official Pocketing Millions From Puerto Rico's Bankruptcy
(DBN)

Christie Calls for 'Tough Love' for Puerto Rico in Fiscal Crisis
(DBN)

Bankrupt San Bernardino, California, reaches deal on pension obligation debt
(DBN)

Flint water crisis: Anger over absent officials at congressional hearing Evaluating the Role of Emergency Managers Beyond Flint's Water Crisis Michigan Officials Ignored EPA Warnings on Flint Water Toxicity
(DBN)

Detroit: Struggling to Pay Water Bills
(DBN)

Yields in downsized Chicago school bond issue hit 8.50 pct Chicago schools defend pledged revenue ahead of bond sale Chicago schools slash high-yielding 'junk' bond deal Investors Demand Premium for Chicago School Debt
(DBN)

Metro hires top municipal bankruptcy lawyer to advise the agency on fixing its troubled finances Metro hires top bankruptcy lawyer for financial guidance
(DBN)

Bankruptcy considered as controversial option for financially stressed public sectors
(DBN)

____________

Oil/Gas:

Thurs.: Oil wavers, as analysts warn against rally bets Oil jumps on dollar weakness, OPEC rumors
(DBN)

U.S. crude inventories break decades-old record after huge build
(DBN)

Why oil shouldn’t be rallying
(DBN)

Barometer of shale oil industry's health warns agony to get worse
(DBN)

Eagle Ford, Bakken shale production on the decline
(DBN)

Texas Isn't Scared of $30 Oil
(DBN)

Shell annual profit falls 80%, but shares rise
(DBN)

How Russia’s ‘intervention’ triggered an oil rebound Venezuela says Iran and Russia support emergency meeting on oil prices: Shana Six OPEC states ready for emergency meeting with non-OPEC members
(DBN)

Saudi Arabia bankrupt if oil prices stay low
(DBN)

One sign that oil is losing its hold over markets
(DBN)

Why oil prices shouldn’t really be rallying
(DBN)

Apollo Global profit hurt by energy bets
(DBN)

Oilfield services provider Weatherford to cut 6,000 jobs
(DBN)

Oil giant Shell to cut 10,000 jobs as oil prices plummet
(DBN)

MEG Energy's Quarterly Loss Widens
(DBN)

Oil: Buy When There's Blood In The Streets
(DBN)

Marathon Petroleum profits dip more than 75 percent
(DBN)

NOV records $1.5 billion net loss for the fourth quarter
(DBN)

Equipment Companies Hit Hardest in Energy Sector
(DBN)

The unsustainable price of oil
(DBN)

Stressed Out: S&P Goes on Downgrade Binge, Southwestern Energy Now 'Junk'
(DBN)

Oil companies ' 5-year CDS rise after S&P rating actions
(DBN)

Big Oil's Dividend Divide
(DBN)

Oil’s recent rally has lost steam—and that’s not the only bad news today for US oil companies
(DBN)

Utility is criminally charged in methane gas leak that displaced thousands from homes
(DBN)

Oil Companies Market Caps Crushed By Oil Crash
(DBN)

____________

Fraud:

Shkreli made billion-dollar boast before Daraprim deal
(DBN)

Ex-drug exec Shkreli has $40 million trading loss - U.S.
(DBN)

Shkreli attorney: I told him to stop talking
(DBN)

Lawyer for Ex-Pharma CEO May Try to Block Kaye Scholer Emails
(DBN)

With Bail in Doubt, Shkreli's Interviews Come to an End
(DBN)

Madoff: a creatively bankrupt television recounting of Wall Street’s biggest fraud The Bernie Madoff miniseries is a mess, but Richard Dreyfuss is stellar in it
(DBN)

Berjac victims could receive partial payment of money owed
(DBN)

Going Once: Remains of Rothstein's Haul Ready for Auction
(DBN)

Bernie Madoff = Rockstar In Prison
(DBN)

After Molinaroli pitch, Johnson Controls exec buys into Ponzi
(DBN)

____________

Autos:

Are warning lights flashing for auto profits?
(DBN)

General Motors dealers discuss bounce back from bankruptcy
(DBN)

Wall Street Finally Turns on Tesla
(DBN)

____________

Metals:

Horsehead hearing set Thursday in Delaware bankruptcy court
(DBN)

____________

Music Festivals:

SFX Entertainment Gains Access to Bankruptcy Financing
(DBN)

What Went Wrong For Dance Music Giant SFX?
(DBN)

10 People Getting Royally Screwed By The SFXE Bankruptcy
(DBN)

Tomorrowland operators “considering options” following SFX bankruptcy
(DBN)

Electronic dance promoter SFX Entertainment's CEO to resign
(DBN)

____________

Shipping:

Daiichi Gets More Time for Rehabilitation Plan
(DBN)

Bulk shipper to seek joint investment from creditors
(DBN)

Western Bulk changes name, holds off payments to creditors
(DBN)

____________

New Bankruptcy Opinions
(2 new opinions today - DBN)

Bankruptcy Court Web/Pacer Site Directory

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

Recent Ch. 11 Filings (31 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)

______________

Miscellaneous:

Bankruptcy & Creditors' Rights Bulletin
(DBN)

March Madness Is Coming!
(DBN)

____________

Insurance:

Soneet Kapila, trustee for defunct Universal Health Care Group, sues Republican Party of Florida
(DBN)

____________

Lien Priority:

A Perfected Lien Is Trumped: Must It Be 'Use It or Lose It'?
(DBN)

____________

TBTF:

Risk cut in 'too big to fail': Fed's Rosengren
(DBN)

____________

Food/Beverage:

Analysts: Chipotle faces long road to recovery
(DBN)

____________

Gambling:

Caesars Entertainment unit proposes bankruptcy mediator
(DBN)

Caesars bankrupt division reports $100.3 million net loss in December
(DBN)

____________

Hollywood:

Relativity Media Cheers Bankruptcy Judge 's Nod on Exit Plan Relativity Judge Says He'll Let Studio Out Of Bankruptcy After Key Terms “Locked Down”
(DBN)

Relativity Media Bankruptcy Issue Leaves Netflix, Inc. In A Conundrum
(DBN)

____________

Distressed Investing:

Barclays cuts senior US distressed debt trading role -source Trading Head Said to Exit
(DBN)

____________

Defaults:

US Companies at Risk of Default Near Crisis Peak, Says Moody's
(DBN)

____________

Coal:

Peabody Energy - The Turnaround Of A Lifetime Or Imminent Bankruptcy?
(DBN)

Eskom CEO Says Glencore Held `Gun to Our Head' Over Coal
(DBN)

US electricity industry's use of coal fell to historic low in 2015 as plants closed
(DBN)

Calstrs board votes to divest from four coal companies
(DBN)

Feds give Wyoming more time on coal mine bonding inquiries
(DBN)

Lawmakers seek $1 billion for struggling coal states
(DBN)

____________

Banking:

Bank Selloffs Replacing Oil Rout as Stock Market Pressure Point
(DBN)

Warren's Wrong: Bank Rules Need Cost-Benefit Test
(DBN)

____________

Sovereigns:

Caputo holds debt meeting with 'vultures'
(DBN)

Argentina debt talks continue to make progress
(DBN)

Argentina's Defaulted Debt Outlook Improved, S&P Says
(DBN)

Argentina Holdout Debt Pact: Kirchner Isolation was “Unnecessary”
(DBN)

Timeline: Argentina, Vulture Funds, and a Never-Ending Debt Saga
(DBN)

Argentina's NY-law bonds rally on settlement hopes
(DBN)

Argentine Opposition Fractures as Talks Resume With Holdouts
(DBN)

Argentina’s Next Step
(DBN)

Reform of the IMF lending framework: The IMF bails out from bailouts
(DBN)

____________

UK:

Lloyds Banking Group to cut 1755 jobs and close 29 branches
(DBN)

New Liquor License Guide for Insolvency Practitioners
(DBN)

Bankruptcy for claims firm targeting tax avoidance investments
(DBN)

The Winners of the ‘Brexit’ Debate Are... Lawyers
(DBN)

____________

EU:

Euro banks near 'terrifying' crisis: Raoul Pal
(DBN)

Eurozone growth forecast cut to 1.7%
(DBN)

____________

PIIGS:

Spain's Abengoa submits plan to avoid bankruptcy: source
(DBN)

Prosecutors to look into pre-rescue withdrawals at Banca Etruria
(DBN)

Greece's Creditors Remain Strict in Bailout Program Negotiations Greece Fears More Austerity Pain Ahead to Unlock Bailout Loans Life in Greece comes almost to halt Greek pension reform sparks strike as heat turned up on Tsipras
(DBN)

The Grexit that Could Actually Happen
(DBN)

____________

Canada:

U.S. Steel begins sale, solicitation process under creditor protection
(DBN)

Junior oilsands producer Laricina Energy exits creditor protection
(DBN)

____________

China:

China expects growth to stay at 6.5%-7%
(DBN)

Debt levels cast cloud over march of China Inc
(DBN)

____________

Netherlands:

Pensions & Insolvency in the Netherlands
(DBN)

____________

Turkey:

Putin's Economic War Pushes Turkey's Aynes Near Bankruptcy
(DBN)

____________

Australia:

US Chapter 11 Bankruptcy And Australian Voluntary Administration Compared.
(DBN)

Why Dick Smith was doomed
(DBN)

____________

Brazil:

Brookfield Says It's Mulling Loan to Invepar Rather Than OAS
(DBN)

____________

Russia:

Bleak times force Russian pilots to look abroad for work
(DBN)

____________

Japan:

Sharp Reports Fifth Straight Loss as Bailout Talks Continue
(DBN)

Sharp to Give Preference to Foxconn’s Rescue Plan, NHK Says
(DBN)

Toshiba sees bigger loss as restructuring costs mount
(DBN)

____________

Mexico:

Mexico's ICA will miss third interest payment of $22.25 mln-sources
(DBN)

____________

Bahamas:

A $3.5 billion resort project in the Bahamas becomes a financial fiasco
(DBN)

____________

India:

Hope to pass bankruptcy bill in budget session: Jaitley
(DBN)

____________

Venezuela:

Oil Rich Venezuela Now Importing US Oil
(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