February 5, 2016

The Daily Bankruptcy News

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3-Column Formating

 

Law:

Associate Bonus Watch: This Firm Went ‘Above And Beyond’ This Year
(DBN)

Sign of the times: Law firm adds energy bankruptcy partner in Houston
(DBN)

10 partners exit 26-attorney Nashville firm to join Bass Berry Includes Bankruptcy Partner
(DBN)

The SmallLaw Guide To Getting Referrals
(DBN)

Is Chicago Challenging New York For M&A Dominance?
(DBN)

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

Displaced lawyers who are older, had big compensation may never find that next job
(DBN)

JD Class of '16 accepting jobs in Manhattan - Median rent for 1-bedroom = $3280, for micro apartment = $2650
(DBN)

If You’re Average, You’re Probably Going Out Of Business
(DBN)

Top London Lawyers Now Cost More Than £1,000 Per Hour Magic circle partners bill £110 for typing 'yes' or 'no' and hitting 'send' on an email, claims law firm costs expert Lawyers Earning 1,100 Pounds an Hour Put U.K. Justice at Risk
(DBN)

Has Technology Helped the Rise of the Law Boutique?
(DBN)

Sidley partners ban staff from saying 'thank you'
(DBN)

UK: Firm of the Year 2016: Work/Life Balance Best and worst career development
(DBN)

Verizon GC: Law Firms Are Prime Targets for Hackers
(DBN)

These law schools had the highest percentage of employed students not using their degrees
(DBN)

Law School Cancels Barrister’s Ball Because Of Donald Trump
(DBN)

13 public speaking mistakes to avoid at all costs
(DBN)

The one easy style move every man can make to immediately transform any outfit
(DBN)

LinkedIn shares fall more than 28% on guidance
(DBN)

Prosecutor’s feigned sleep during defense closing didn’t create prejudicial error, court says
(DBN)

16 are federally indicted in takeover of Oregon wildlife refuge
(DBN)

Law Student Allegedly Involved In Torture Plot Becomes Lawyer Cortney Shegerian admitted to CA Bar, Stephen Glass wasn't (yes, speculate like crazy)
(DBN)

Lawyer faces false imprisonment charge over firing of worker
(DBN)

And This Is Why Noncompete Clauses Are The Worst
(DBN)

Lawyer says he can’t ask permission to release client list of ‘DC Madam’ because judge barred motion
(DBN)

Lawyer Quits Job To Create Tiny Realistic Furniture
(DBN)

Jury Awards $500 After Lawyer Bounced for Coaching Witness
(DBN)

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Judges:

Patterson-Woods Completes $20.4M Lease with U.S. Bankruptcy Court in Delaware
(DBN)

Supreme Court Chief Justice John Roberts on judges: 'We don't work as Democrats or Republicans' The political wars damage public perception of Supreme Court, Chief Justice Roberts says Chief Justice John Roberts seeks to limit role of courts
(DBN)

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Wall Street:

Wall Street jittery ahead of data
(DBN)

Stocks Fight Early Declines To Close Higher
(DBN)

Bank Bonus Armageddon
(DBN)

UBS cuts its 2016 S&P 500 target and says stocks could fall 8% in the next few weeks
(DBN)

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Layoffs:

Rising Layoffs Hint at Slowing Labor Movement
(DBN)

Wells Fargo says recovering housing market is triggering widespread layoffs
(DBN)

Capital One announces over 100 layoffs in Wilmingon
(DBN)

Eaton plant in Shenandoah to cut 250 jobs
(DBN)

National and State by State Unemployment Rates
(DBN)

Animated Map of Unemployment
(DBN)

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Healthcare:

Pontiac hospital to be bought out of bankruptcy
(DBN)

Nursing home operator files for bankruptcy following government shutdown
(DBN)

HDL takes aim against True Health in court
(DBN)

____________

Pharma:

Martin Shkreli couldn't stop laughing during his testimony Smirking pharma CEO Martin Shkreli leaves lawmakers infuriated after hourlong showing Congress Got A Taste Of Martin Shkreli And Found It Very Gross Martin Shkreli takes 5th at House drug-price hearing Martin Shkreli blasted members of Congress right after refusing to answer their questions Martin Shkreli–style drug price hikes are nothing new
(DBN)

Valeant To Congress: It is actually a good thing we jack up drug prices
(DBN)

Judge Rejects Request for Bankruptcy Trustee to Oversee KaloBios
(DBN)

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Ports:

Bankrupt Outer Harbor assures port of rent to advance financing
(DBN)

Oakland port seeks to navigate past terminal operator's bankruptcy
(DBN)

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Coal:

Peabody coal cleanup protections questioned in Illinois
(DBN)

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Gambling:

Caesars mediator may change course of drawn-out bankruptcy
(DBN)

Player Lawsuits Against Fantasy Sports Sites Will Eventually Force More Revenue Sharing
(DBN)

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Distressed Investing:

US junk debt rated triple C yields 20%
(DBN)

____________

Tax:

Swiss bank Julius Baer admits to U.S. tax fraud
(DBN)

____________

Food/Beverage:

Old Country Buffet closes seven Twin Cities restaurants
(DBN)

____________

Ethanol:

Ethanol's Days May Finally be Numbered
(DBN)

____________

Shipping:

Floating cash and carry rates, and the GO SLOW tanker phenomenon
(DBN)

Dry-bulk shipping under water as bankruptcies rise
(DBN)

____________

Amusement Parks:

Court reschedules deadline for Conneaut Lake Park's bankruptcy plan
(DBN)

____________

Economy:

US jobs market signals loss of momentum; productivity plunges Job cuts surged 218% in January
(DBN)

US Factory Orders Fell Sharply in December
(DBN)

Fed's Kaplan calls for patience; traders see no 2016 rate hikes
(DBN)

Negative rates in US? Here's why it could happen Are There Unintended Consequences for Negative Rates?
(DBN)

Wall Street Cuts Its Rate Forecasts Even Further Below Fed's
(DBN)

Nouriel Roubini: Welcome to the global economy’s New Abnormal
(DBN)

US December factory orders post biggest drop in a year
(DBN)

Jobless Claims in U.S. Rise Amid Post-Holiday Adjustments
(DBN)

Growth or scare? Markets brace for jobs data
(DBN)

Tom Lee: No recession—it just feels like it Mark Grant: US recession looms—and here's why There's a big sign that we 'could enter recession in the second half of this year' Can the markets predict recessions? Recession in the U.S.? It’s not happening, CEOs say
(DBN)

Repeating the Mistakes of the Depression
(DBN)

Recession Fears Stoked as Higher U.S. Labor Costs Crimp Profits
(DBN)

The Growing Set of Metro Areas With Unemployment Under 3%
(DBN)

The market doesn't think the Fed will raise rates again until 2017
(DBN)

If You Major in STEM, It Doesn’t Matter Where You Go To College
(DBN)

IMF to consider boosting precautionary financing -Lagarde
(DBN)

US Debt Clock
(DBN

Economic Indicators Dashboard
(DBN)

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Real Estate:

Mortgage rates fall for fifth week in a row Now at 9-month low
(DBN)

Five markets where 2015 home sellers raked in cash
(DBN)

These are the states with the most all-cash home sales
(DBN)

Chicago: Condo developer Gouletas files for personal bankruptcy after soured business deals
(DBN)

Russia may be the wild card in the oil glut
(DBN)

Flint water crisis now impacts mortgage lending
(DBN)

____________

Municipalities:

Christie Steps In to Save Atlantic City, Betting Gambling Isn't Enough
(DBN)

Republicans Favor Less Government Except in Distressed Cities
(DBN)

Congressional Hearing on Flint
(DBN)

___________

Oil/Gas:

Risks and Opportunities in Distressed Oil and Gas
(DBN)

Fri.: Oil prices steady, weak fundamentals weigh after volatile week Crude rises as a weak dollar lends support
(DBN)

Oil slips below $35 on glut, skepticism over talk of producer meeting A Saudi-Russian Oil Détente? Not Likely
(DBN)

5 Theories on Why Oil Prices Have Collapsed
(DBN)

Non OPEC Oil Production To Collapse In 2016
(DBN)

Obama proposes $10 a barrel tax on oil producers Obama's $10 Oil Tax Pipe Dream
(DBN)

Oil Rout Threatens Vicious Cycle for Economy
(DBN)

Can Big Oil Continue To Pay Dividends?
(DBN)

2016: Friend or Foe in the Face of the Global Oil Pricing Crisis?
(DBN)

After rapid growth, U.S. energy MLPs running out of road
(DBN)

Day of reckoning here for oil producers: Yergin
(DBN)

Conoco cuts dividend for first time in 25 years on crude crash ConocoPhillips slashes dividend, says it's best to expect oil prices to be lower for a while
(DBN)

Linn Energy considers filing for bankruptcy amid financial strain
(DBN)

Occidental posts losses of more than $5 billion
(DBN)

Ryckman Creek Resources, LLC Files For Bankruptcy in Delaware
(DBN)

Morgan Stanley: The oil market's basic problem is not going anywhere You won't see $70 oil until 2018: Morgan Stanley
(DBN)

Osage Exploration and Development Files for Bankruptcy
(DBN)

These are early signs of capitulation for oil
(DBN)

Russia's Big Worry Is Not What The Pentagon Thinks But What Shale Frackers Will Do To Oil Prices
(DBN)

Russia So Desperate It Could Sell Off State-Owned Oil Assets
(DBN)

Keppel, SembMarine: sale of non-core assets ‘a more likely scenario’
(DBN)

How Saudi Arabia's grip on oil prices could bring Russia to its knees
(DBN)

Some banks going the extra mile to help offshore sector
(DBN)

The only place left to invest if ‘Oilmageddon’ hits
(DBN)

The $2 Trillion Gift From Oil Companies To Consumers
(DBN)

Oil Thefts Continue Despite End of Boom
(DBN)

____________

Retailing:

Kohl's warns on profit after weak sales Shares of Kohl's Corp. Are Tumbling Today
(DBN)

Bankrupt Former RadioShack To Pay Its Property Taxes
(DBN)

Sports Authority to Take Steps Toward a Bankruptcy Filing Sports Authority to file for bankruptcy : Report Sports Authority eyes Chapter 11 bankruptcy filing, store closings, says report
(DBN)

Auction fails to find buyer for Joyce Leslie stores
(DBN)

____________

Pharma:

Pharma Company KaloBios Still Looking to Buy Chagas Disease Drug
(DBN)

____________

Hedge Funds:

A hedge fund has laid out why it is closing — and it's enough to set alarm bells ringing everywhere
(DBN)

____________

Healthcare:

Lifestyle choices cause up to 90% of all cancers
(DBN)

____________

Education:

Beauty school leaves 4,300 students high and dry
(DBN)

Chicago State University Claims Fiscal Emergency Over Budget
(DBN)

Obama's Crackdown on For-Profit Schools Could Cost Taxpayers
(DBN)

____________

Mass Torts:

U.S. Senate panel holds hearing on asbestos trust bill Senate Considers FACT Act , Asbestos Claims
(DBN)

____________

Environmental:

Bankrupt chemical company gets fine for spill that they’ll never pay
(DBN)

____________

Celebs:

One Direction Bankrupt? 2016 Hiatus Due to $55M Profit Loss?
(DBN)

Filing: Clinton Portis Tried To Pay Back $170,000 Casino Credit With Bad Checks
(DBN)

____________

New Bankruptcy Opinions
(5 new opinions today - DBN)

Bankruptcy Court Web/Pacer Site Directory

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

Recent Ch. 11 Filings (28 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:

Overall Bankruptcy Filings Drop 10 Percent in Calendar Year 2015 - Ch. 11 Filings Up Slightly
(DBN)

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Exemptions:

Illinois woman can keep rare Book of Mormon despite bankruptcy, court rules
(DBN)

____________

Involuntary Bankruptcy:

Third Circuit Affirms Dismissal of Good Involuntary Petition for Bad Faith
(DBN)

____________

Labor:

Bankruptcy Code Section 1113 Trumps National Labor Relations Act
(DBN)

____________

Reclamation:

Reclamation or Section 503(b)(9) Claim? - A Potential Trap
(DBN)

____________

Bankruptcy Reform:

BAPCPA 10 Years Later: the Effectiveness and Necessity of Bankruptcy Reforms Remain In Question
(DBN)

___________

Bankruptcy Alternatives:

11th Circuit Says ABC Assignee Cannot File Bankruptcy for Company
(DBN)

____________

Interest:

Delaware Bankruptcy Court Addresses When and Whether Creditors are Entitled to Postpetition Interest in Chapter 11 – Part 4
(DBN)

____________

Newspapers:

Tribune Publishing Gets Cash Infusion
(DBN)

____________

Politics:

Ben Carson slashes campaign staff in shake-up after the Iowa caucuses Carson's Weird Vendetta Against Cruz Ted Cruz and the Art of the Dirty Trick
(DBN)

Is ‘Trump bubble’ bursting in New Hampshire? Ground game: Trump shifts to retail politics in bid to hold N.H. lead Donald Trump's poll numbers took a nosedive in the first national survey after Iowa Jimmy Fallon mocks Donald Trump's loss with impression Donald Trump dials up his attacks: 'Ted Cruz gave us Obamacare' 'I don't think so, darling': Donald Trump dismisses woman defending illegal immigration
(DBN)

Hillary Clinton gave a very ‘awkward’ answer about her six-figure Goldman Sachs speaking fees What's up with Hillary's new snub of Wall St.? Hillary LOL: I'm a Wall Street Target Too Hillary Clinton Is Again Put on the Defensive Over Perceived Ties to Wall Street Clinton, Blind to Her Own Greed, Blunders
(DBN)

Bernie: It's 'beyond comprehension that Lloyd Blankfein would lecture our campaign' Elizabeth Warren Defends Bernie from Wall Street CEO Attack
(DBN)

Clinton, Sanders spar over liberal credentials Finally, Bernie Sanders and Hillary Clinton had a real argument over how politics works 2 winners and 3 losers from Thursday night's Democratic debate 7 key moments FactCheck: Democratic Debate
(DBN)

Female senators urge Warren: Back Hillary Clinton
(DBN)

Marco Rubio has a bull's-eye on his back as he starts to surge
(DBN)

____________

Sovereigns:

Lagarde Encouraged by Argentine Talks With Holdout Creditors
(DBN)

Feeding the vultures
(DBN)

'Some progress' made in latest Argentina debt talks
(DBN)

The Italian job
(DBN)

____________

UK:

Carney Sees Unforgiving World as Inflation Outlook Cut Again
(DBN)

Bank Of England Votes 9-0 To Hold At 0.5% Bank of England cuts UK growth forecasts
(DBN)

Union warns £3bn not enough to save care homes from bankruptcy
(DBN)

Individual insolvencies fall to lowest level since 2005
(DBN)

____________

EU:

European Leveraged Loans See Weakest January Since 2008
(DBN)

____________

PIIGS:

Anti-austerity protests are paralyzing Greece
(DBN)

Yanis Varoufakis: 'We are destroying the rest of Europe'
(DBN)

BNP Paribas profit hit by Italian write-down
(DBN)

Lagarde: debt relief for Greece as important as pension reform Greek government caught in lose-lose situation
(DBN)

____________

Canada:

Danier Leather begins insolvency proceedings
(DBN)

____________

Germany:

German Factory Orders Fall as Export Slowdown Cools Confidence
(DBN)

____________

China:

Albert Edwards: China is running out of money Will China soon burn through its cash reserves?
(DBN)

China’s problems haven’t been fixed, and may get worse
(DBN)

For China, Even $3.3 Trillion May Not Be Enough
(DBN)

China's Madoff Moment: The Latest About The Alleged $7.6 Billion Ponzi Scheme
(DBN)

China's Ghost Cities
(DBN)

____________

Russia:

The oil crash has darkened Russia's economic picture
(DBN)

____________

Netherlands:

PwC settles Econcern bankruptcy claim with €25m settlement
(DBN)

____________

India:

Speedy bankruptcy code to level playing field for small firms
(DBN)

‘Report on insolvency and bankruptcy code expected by the first week of March’
(DBN)

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