February 9, 2016

The Daily Bankruptcy News

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3-Column Formating

 

Law:

Legal sector loses 1,400 jobs in January; gain in December is smaller than first reported
(DBN)

In Defense Of Kasowitz Benson (Plus The Firm’s Bonus Announcement)
(DBN)

Legal Fees Reach New Pinnacle: $1,500 an Hour Corporate Law Firm Billing Rates Rise Despite Weak Demand Top partner billing rates at BigLaw firms nudge $1,500 per hour
(DBN)

Bankruptcy Provides Window Into Law Firm Billing Practices
(DBN)

Under Client Pressure, Law Firms Focus on Cost-Cutting
(DBN)

The Am Law 100, the Early Numbers: Venable Crosses $1M Partner-Profit Threshold
(DBN)

Am Law 100, the Early Numbers: Gross Revenue Jumps at Akin Gump
(DBN)

Carlton Fields Posts Higher Revenue, Net Income
(DBN)

Holland & Knight Posts 8 Percent Revenue Growth
(DBN)

Cadwalader London revenue up 6 per cent amid global dip
(DBN)

Shkreli’s Big Law Co-Defendant Taps Gibson Dunn
(DBN)

Time To Rethink Partner Capital Contributions?
(DBN)

Ashurst considers non-lawyers for global managing partner
(DBN)

Bankruptcy Lawyer: Can We Finally Talk About The Elephant In the Room? Mental Health Of Lawyers
(DBN)

Pennsylvania AG fails to get her law license reinstated; state senate to consider her removal
(DBN)

Could Uniform Bar Exam help law grads’ mobility? ABA House asks states to adopt it ‘expeditiously’
(DBN)

Law School Leaks Grades, Offers Solution, Takes It Back
(DBN)

Lawyers Grapple with Substance Abuse More than Other Professionals: Study
(DBN)

How To Cope With A Biglaw Partner Who’s An Alcoholic
(DBN)

Orrick Congratulates 19 New Partners
(DBN)

Proposed rule that makes workplace bias an ethics violation not going far enough, ABA president says
(DBN)

Lawyer sues Avvo, says unauthorized use of professional info violates right of publicity
(DBN)

Fastcase sues Casemaker for takedown demand, says Georgia administrative rules can’t be copyrighted
(DBN)

Unsuccessful Faculty Applicant's Age Discrimination Lawsuit Against Iowa Law School Set For Trial
(DBN)

Attorney blasts billionaire Rams owner in St. Louis Super Bowl ad Lawyer Runs Super Bowl Ad To Trash Football Team
(DBN)

Capitalizing On Your Elevator Pitch To Drive Referrals
(DBN)

FBI accuses lawyers of manipulating evidence for convicted murderer who starred in 'Serial' podcast
(DBN)

Chicago Lawyer Runs Seven Marathons in Seven Days
(DBN)

Ex-BigLaw partner is convicted of insider trading; feds say he misused deal info overheard at firm
(DBN)

Lawyer charged in claimed attempt to extort $2M from businessman pleads not guilty
(DBN)

Trial of ‘golden boy’ lawyer accused in wife’s death ends with hung jury
(DBN)

Lawyer With $1 Million To Spare Sacrifices Boat Purchase To Pay Kids’ College Tuition
(DBN)

Already a Litigator, Super Bowl's Top Ref Now a Hottie Too
(DBN)

Scammed law firm sues insurer for lost money
(DBN)

James Madison Would've Backed Phoenix's Satanists
(DBN)

Lawyer tells how she nearly fell for jury duty scam
(DBN)

Lawyers on standby as iPhone 6 'Error 53' outrage mounts
(DBN)

Texas State Bar Votes To Disbar Former Prosecutor For Role In Conviction Of Innocent Man
(DBN)

The NYPD Is Kicking People Out of Their Homes, Even if They Haven’t Committed a Crime
(DBN)

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Judges:

US Bankruptcy Court judge based in Butte is retiring
(DBN)

DE: Feds sign 10-year lease for US Bankruptcy Court
(DBN)

Former Bankruptcy Judge Steckroth Picked for Zucker Probe
(DBN)

Supreme Court should make video of oral arguments available to public, ABA House urges
(DBN)

Judge got baseball tickets from law firm trying case, thinking this was OK, filing says
(DBN)

Judge who sent ‘get a life’ email stipulates to censure, says he would have preferred a jury trial
(DBN)

______________

Wall Street:

Wall Street scrabbles for direction
(DBN)

Global stocks hit the rocks after Asian markets slump
(DBN)

Stocks kick off week deep in the red: Dow off 300+
(DBN)

Wall Street isn’t panicking about stock-market tumble
(DBN)

Expectations for first-quarter results are already crumbling
(DBN)

Brace Yourself, Global Stocks Are Close to a Bear Market
(DBN)

Why U.S. stocks could post double-digit losses this election year
(DBN)

Cramer: Nowhere near stocks bottoming
(DBN)

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Layoffs:

Another 6,000 Jobs Eliminated In Oilfield Services Sector
(DBN)

EIU sending 198 layoff notices this week
(DBN)

National and State by State Unemployment Rates
(DBN)

Animated Map of Unemployment
(DBN)

______________

Music Festivals:

SFX Entertainment Granted Initial Access To $80 Million Of Bankruptcy Loan
(DBN)

SFX still owes a list of creditors over $490.236 million
(DBN)

____________

Healthcare:

Nursing home operator sees 'squalid' facility closed at bankruptcy court
(DBN)

Obamacare: Insurers Loses in the Billions
(DBN)

Minnesota Hospitals Report More Bad Debt
(DBN)

____________

Politics:

Elizabeth Warren’s critique of Hillary Clinton’s 2001 bankruptcy vote
(DBN)

Taxpayers Give Big Pensions to Ex-Presidents, Precisely So They Don’t Have to Sell Out 
(DBN)

'I practically fell out of my chair': Bill Clinton unleashes stinging attacks on Bernie Sanders Bill Clinton Sees A Gaping Hole In Bernie’s Goldman Sachs Armor
(DBN)

Sanders Is Late to the Wall Street Revolution
(DBN)

Inside Hillary's Paid Speeches
(DBN)

Elizabeth Warren's hard choice in Democrats' White House run
(DBN)

In the U.S., socialism is no longer such a dirty word
(DBN)

Rubio in freefall in New Hampshire betting
(DBN)

Everyone is underestimating Ted Cruz
(DBN)

Trump, Bush Twitter tiff: 'Liar,' 'weak,' 'desperate'
(DBN)

Michael Bloomberg Acknowledges He Is Weighing Presidential Bid
(DBN)

____________

Autos:

Tesla can't catch a break Tesla downward revision is among the biggest
(DBN)

Volkswagen's quality-control chief resigns
(DBN)

Emissions Lies Haunt VW as It Faces Tougher Justice Department
(DBN)

Two Plaintiffs Lawyers in GM Case Escalate War of Words
(DBN)

____________

Economy:

Yellen may say goal is not to slow the economy
(DBN)

These Are the Things That Correlate With the Fed's 'Easy Money'
(DBN)

Americans Can’t Help Themselves From Borrowing More on Credit Cards
(DBN)

The Economy, Ever a Risk in Election Years, Is Good So Far
(DBN)

This 'Chart of Doom' explains when a global recession will begin
(DBN)

Deutsche Bank: It's About to Get Bumpy
(DBN)

Goldman Sachs: Low Developed World Recession Risk
(DBN)

The $102 Billion of Bank Debt That's Making Investors Nervous Nervousness About Global Banking Giants Intensifies Credit Risk Soars From Japan to Australia on Global Bank Anxiety
(DBN)

Global Bond Rally Near `Panic' Level With Japan Yield Below Zero
(DBN)

US small business confidence at 2-year low
(DBN)

Does your state have the heaviest tax burden?
(DBN)

What state boasts the highest well-being?
(DBN)

'I need to get out of my father’s basement': What it's like to be a 29-year-old 'boomerang kid'
(DBN)

One in 10—Or Is it One in Two?—Americans Has Access to Paid Family Leave
(DBN)

How America Is Putting Itself Back Together
(DBN)

China’s crisis, Europe’s debt, and the US oil bust have become one big worldwide mess
(DBN)

Fed: Too white, too male, too many bankers?
(DBN)

Yes, the Fed's Errors Made Recession Worse
(DBN)

Central Banks Make Global Economy Vulnerable, OECD's White Says
(DBN)

US Debt Clock
(DBN

Economic Indicators Dashboard
(DBN)

______________

Real Estate:

MBA: Mortgage credit slightly tightens in January
(DBN)

5 most profitable housing markets in America
(DBN)

Rocket Mortgage Super Bowl Ad Criticized for Encouraging Another Housing Crisis
(DBN)

Bankruptcy of Phila. subprime lender nears resolution
(DBN)

Why You Can't Afford a House
(DBN)

____________

Municipalities:

Puerto Rico Needs Bankruptcy Access From Congress, Ravitch Says
(DBN)

Puerto Rico Fiscal Laws Better Than Federal Board, Group Says
(DBN)

Puerto Rico Hearing Feb. 25 as Lawmakers Coalesce Around Duffy Bill
(DBN)

Trouble in paradise: Puerto Rico in default
(DBN)

A Two-Step Plan for Puerto Rico
(DBN)

Emanuel: CPS Bankruptcy Could Ruin Educational Gains
(DBN)

____________

Oil/Gas:

Chesapeake Energy hires restructuring lawyers Kirkland & Ellis advises Chesapeake Energy Analyst on Chesapeake's debt load Chesapeake Energy Says It Has No Plans to Pursue Bankruptcy Chesapeake Says It Doesn't Plan to Pursue Bankruptcy Chesapeake Energy: The End Isn't So Near Chesapeake Plunges 40% on Report It Hired Restructuring Adviser Chesapeake Energy rebounds after denying bankruptcy plans A Roller Coaster For Chesapeake Investors Bankruptcy attorney: Restructuring doesn’t always lead to a bankruptcy filing
(DBN)

Chesapeake CEO Got Record Option Grant Last Month Before Plunge
(DBN)

Chesapeake Energy woes cast shadow on U.S. pipeline companies
(DBN)

Big energy names on the verge of bankruptcy?
(DBN)

IEA Raises Estimate of Surplus Oil Supply on Higher OPEC Output Oil demand growth set to ease back considerably
(DBN)

Oil industry woes grow as storage levels hit ‘critical level’
(DBN)

Goldman’s Currie Expects Oil Volatility to Go Higher
(DBN)

Oil Slump: Speculators Drive Bets to Record
(DBN)

Oil prices rise, US crude shrugs off equity slump
(DBN)

Oil Bankruptcies Seen Spurring M&A on Signal Prices Near Low
(DBN)

Oil Drillers Exposed in Three-Way Hedges as Crude Dips Below $30
(DBN)

One major oil CEO thinks the industry is in a 'severe and prolonged down cycle'
(DBN)

National gasoline average now below $1.75 a gallon Really? Gasoline Prices May Spike
(DBN)

Cash-strapped drillers face deeper financial problems amid cuts
(DBN)

What are the 8 strongest S&P energy stocks?
(DBN)

Venezuela can’t get Saudis to cut oil production
(DBN)

Can Baytex Energy Corp. Survive?
(DBN)

New details emerge on Escalera's restructuring plan
(DBN)

John Arnold: Energy companies less hedged
(DBN)

Still Not Time To Bargain Hunt E&P Stocks
(DBN)

Famed investor Carl Icahn feeling oil pain
(DBN)

The second-largest US natural gas producer is having some serious trouble
(DBN)

Obama's Oil Tax Is Running on Empty
(DBN)

____________

Celebs:

Mischa Barton's Mom Files for Bankruptcy
(DBN)

Tyga Bankruptcy , Could A Kardashian Tell-All Save Him From Financial Ruin?
(DBN)

____________

Metals:

Noranda Aluminum hit by commodity crash, seeks bankruptcy Business Plan presented To DIP Lenders First Day Dec
(DBN)

Moody's downgrades Noranda's ratings, CFR to C and PDR to D-PD, following bankruptcy announcement
(DBN)

____________

Skiing:

Owner of Echo Mountain Resort files for Chapter 11 bankruptcy
(DBN)

____________

Food/Beverage:

Fairway Warns It Could Breach Loan Agreement
(DBN)

____________

Banking:

Does the FDIC Target Only Failed Bank Directors and Officers That Have D&O Insurance?
(DBN)

____________

Corporate Reform:

Obama Will Seek to Double Budgets for Wall Street Regulators
(DBN)

____________

Student Debt:

Gov't creates new student aid enforcement office
(DBN)

____________

Coal:

Tinkler Steps Down as Coal Company Boss Amid Bankruptcy Case
(DBN)

____________

Education:

National Sports Academy in Lake Placid, which produced 23 Olympic athletes, could be headed back to auction
(DBN)

Do elite colleges really lead to higher salaries?
(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 (29 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (12 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:

Houlihan Lokey Sees ‘Growing Pockets of Distress’ in Debt Market
(DBN)

______________

Sales:

Opportunities Exist for Purchasers in Chapter 11 Bankruptcies, but Risks Remain
(DBN)

____________

Equitable Subordination:

Seventh Circuit Provides Guidance on Inquiry Notice and Equitable Subordination
(DBN)

____________

Awards:

Bankruptcy/Litigation Boutique Named To Hot List
(DBN)

____________

Rules:

BK CO: Vacancy on Standing Local Rules Revision Committee
(DBN)

____________

Class Claims:

Class Actions and Class Claims in Bankruptcy Proceedings
(DBN)

____________

Professional Compensation:

Delaware Bankruptcy Court Holds That Committee Professionals Cannot Contract Around Baker Botts v. ASARCO
(DBN)

Delaware Bankruptcy Courts Foreclose Creative Attempts to Distinguish ASARCO
(DBN)

____________

Plan Confirmation:

Sixth Circuit Denies Bad Faith Cram Down
(DBN)

____________

Aviation:

Struggling SeaPort Airlines files for bankruptcy
(DBN)

____________

Non-Profits:

New York Federation Seeks $40M From Bankrupt FEGS
(DBN)

____________

Agriculture:

Ex-exec at Turner seeks end to delays
(DBN)

____________

Shipping:

Japanese shipping shares hammered on talk of more bankruptcies
(DBN)

Host of shipping-related creditors linked to bust Noranda Aluminum
(DBN)

____________

Hollywood:

Judge Officially Confirms Relativity's Reorganization Plan
(DBN)

____________

Debt Collection:

OH: Proposed Limitations On The Use Of Cognovit Notes
(DBN)

____________

Religion:

Gallup diocese owes $3.5M in costs
(DBN)

____________

Retailing:

Old Navy Hits Deepest Sales Slump in 4 Years
(DBN)

____________

Sovereigns:

Holdout creditor says Argentina 'bought' support
(DBN)

Argentina bond battle drags on as Elliott spurns Macri offer
(DBN)

Argentina charts tricky course to US debt deal
(DBN)

Argentina's Bond Fight Comes Down to Its Worst Bonds
(DBN)

Vulture Investing
(DBN)

Venezuela Flirts with Default
(DBN)

____________

EU:

Concerns over banks, growth drive European stocks sharply down
(DBN)

Europe Stocks at Recession Prices Show Growth Faith Falters
(DBN)

Oil plunge means cash crunch for EU banks
(DBN)

Ever-Deeper Negative Yields No Deterrent to German Haven Appeal
(DBN)

____________

PIIGS:

Greek banks plunge 27pc as traders rush for exits
(DBN)

Greece, lenders should conclude first bailout review as soon as possible: government spokeswoman
(DBN)

Greek stock market falls sharply on banking sector meltdown
(DBN)

____________

Canada:

Goodwill Toronto files for bankruptcy in attempt to 'restructure' Company blamed a 'cash flow crisis' for closing 16 stores
(DBN)

Danier Leather renews quest for buyer after filing for insolvency
(DBN)

How the rise of puffy parkas in Canada led to the downfall of Danier Leather
(DBN)

____________

Japan:

Bain Overcomes `Vulture' Moniker in Japan as Deal Volumes Surge
(DBN)

Japan's Ten-Year Yield Falls to Zero for the First Time
(DBN)

____________

Turkey:

Hotels in east, southeast Turkey on verge of bankruptcy
(DBN)

____________

Ukraine:

Ukraine Bond Rout Worsens on Bets Political Tussle to Block Aid
(DBN)

____________

Australia:

Tinkler Steps Down as Coal Company Boss Amid Bankruptcy Case
(DBN)

Clive Palmer's Queensland Nickel in red until 2017
(DBN)

____________

India:

Bankruptcy code to have big impact on corporate governance
(DBN)

____________

Austria:

Austrian Finance Minister sees movement by Heta creditors on offer
(DBN)

____________

 


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