January 11, 2016

The Daily Bankruptcy News

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3-Column Formating

 

Law:

Former Dewey chairman avoids retrial with deferred prosecution deal Dewey's Steven Davis Takes Deal Ahead of New Trial Is Continued Prosecution Of The Dewey Defendants ‘Un-American’? Ex-Dewey & LeBoeuf chairman reaches deal, averts retrial Dewey Retrial Set for September, Without Ex-Chairman Davis
(DBN)

10,000 jobs were added to the legal sector in 2015, stats show
(DBN)

Suit claims secretive ‘back-office deals’ at BigLaw firm favor males in pay and origination credit
(DBN)

Allen & Overy hands out thicker pay packets in 2015
(DBN)

The Ranks of Female Firm Leaders Are Growing — And So Are Their Dinner Parties
(DBN)

Coats Rose Yale Ryman & Lee Merges with bankruptcy firm Wright Ginsberg Brusilow
(DBN)

The Legal World Turned Upside Down—What it Means for Firms
(DBN)

75 per cent of UK 200 firms could vanish within five years, says new report
(DBN)

Law firm mergers continue upward climb in 2015; Dentons accounts for eight of them
(DBN)

Dickstein's LA Leader Leaves Firm
(DBN)

Study: Future Lawyers Are Hiding Depression and Drug and Alcohol Use
(DBN)

You’re Not What A Litigator Looks Like. Too Bad.
(DBN)

Former Big Law Partner Charged for Airplane Assault
(DBN)

Former law prof pleads guilty to p--- possession
(DBN)

TJSL Is Just A Symptom, The ABA Is The Disease
(DBN)

What Could Improve Diversity In The Legal Profession In 2016?
(DBN)

Why Are In-House Legal Departments Turning To Temporary Attorneys?
(DBN)

Client Texting
(DBN)

There's An App For That: Meltdown As You Are Driving To Courthouse - Therapy On-The-Go
(DBN)

Holland & Knight Opens Operations Center
(DBN)

Wearable Tech Will Create Discovery Challenges and Other 2016 Predictions
(DBN)

'Involuntary Intoxication' Defense in Brutal Attack on Virginia Lawyer
(DBN)

Armed Oregon militants update their occupation wish list Oregon Residents Want the Thugs Gone Oregon Rancher: It's Obama's Fault US Army to Oregon Militia: Eat Bugs
(DBN)

Texas armed standoff ends after 15 years
(DBN)

5 New Laws Making News In 2016
(DBN)

TX: Guns Allowed in State Mental Hospitals
(DBN)

A judge ruled the parents of a disabled child can file a 'wrongful birth' lawsuit
(DBN)

Pole dancing lawyer looks for love
(DBN)

Mexico: Sean Penn interview helped nab 'El Chapo' 'El Chapo' Guzmán was caught because he was trying to make a movie about himself Penn Investigated Over El Chapo Interview Marco Rubio says that Sean Penn's El Chapo interview is 'grotesque' Mexico Moves Toward Extraditing Drug Kingpin ‘El Chapo’ to U.S.
(DBN)

AZ: Bill Makes It a Crime to Video Police
(DBN)

Lawyers face 'bleak' marriage prospects in India, Chief Justice warns
(DBN)

______________

Judges:

Yes, PACER stinks … but is it also overcharging its customers?
(DBN)

Justice sues colleagues for requiring his recusal
(DBN)

Justice Breyer says he could support certain SCOTUS term limits Justice Breyer on Term Limits, Differences with Justice Scalia and More
(DBN)

Judge waxes poetic on inmate’s pro se filing
(DBN)

You Are Only As Old As Your Jurisprudence
(DBN)

This Is What Happens When Judges Have To Deal With P--p
(DBN)

Peter Thiel's Clerkship Interviews With Justice Kennedy, Scalia Did Not Result In Getting Hired - Hurrah
(DBN)

Fallout from P---gate leads to cases being appealed, claiming racial, gender, and ethnic bias
(DBN)

Coal miner's daughter becomes Pa. Supreme Court justice, 2nd woman on highest bench
(DBN)

______________

Wall Street:

Stock futures rise even as China slides
(DBN)

Markets are tumbling again Asia Stocks Fall to Lowest Since 2011
(DBN)

US stock market drops, ending its worst week since 2011 Historic Week: Dow Plunges 1,079 Points
(DBN)

This week looks like it could also be brutal for stocks
(DBN)

Bonus Watch ’16: No One Is In This Business For The Money, Right?
(DBN)

One anecdote sums up how Wall Street's workforce has changed since the financial crisis
(DBN)

______________

Layoffs:

US Sheds 8,000 Mining Jobs in December
(DBN)

Unemployment is low — but many aren't looking anymore
(DBN)

Solar Company Announces Hundreds Of Layoffs in Wake of Rate Changes
(DBN)

National and State by State Unemployment Rates
(DBN)

Animated Map of Unemployment
(DBN)

______________

Autos:

Facing The Specter Of Bankruptcy, Volkswagen May Get A Reprieve From Europe
(DBN)

VW Refuses to Give American States Documents in Emissions Inquiries
(DBN)

Dealers, States Pose Bigger Theoretical Threat To Volkswagen Than EPA
(DBN)

GM Europe Still Bleeding Red Ink
(DBN)

GM Ignition Nightmare Won't Go Away, for Victims or Company 'Bellwether' Trial to Provide Template for GM Litigation
(DBN)

____________

Coal:

Arch Coal files for bankruptcy in bid to tackle debt mountain Reaches debt deal with lenders Seeks to cut $4.5 billion in debt
(DBN)

Will Taxpayers Get Stuck With The Bill To Clean Up Strip Mining Coal Sites?
(DBN)

'The coal industry is far from doomed'
(DBN)

____________

Celebs:

50 Cent ALMOST wins Powerball lottery jackpot after filing for bankruptcy Rick Ross 50 Cent Feud Intensifies Amid 'In Da Club' Rapper's Bankruptcy
(DBN)

Backers tackle Tamara Mellon over US bankruptcy filing Mellon mauled
(DBN)

Billionaire Says He Lost Faith in US Banks Wyly Says IRS Should `Put Up or Shut Up' on $2 Billion Claim
(DBN)

Bristol Palin Sued for Child Support
(DBN)

____________

Hollywood:

Relativity Bankruptcy: Unsecured Creditor Group Proposes Settlement
(DBN)

Kevin Spacey and his production partner join Ryan Kavanaugh's Relativity Media
(DBN)

____________

Education:

For-Profit Education Institutions Face a Volatile and Uncertain Future
(DBN)

____________

Food/Beverage:

New Z'Tejas owner says once-bankrupt restaurants now profitable
(DBN)

Ruby Tuesday second-quarter loss widens
(DBN)

Premier Cru folds with enormous debts
(DBN)

____________

Electricity:

Add Rick Perry to Those Taking Issue with Hunt's Oncor Plan
(DBN)

Hunter L. Hunt: An open letter to Texans on our Oncor acquisition
(DBN)

____________

Fraud:

PwC to Pay Investors $55 M Over Madoff Losses
(DBN)

Furando sentenced to 20 years for biodiesel fraud scheme
(DBN)

Steve Cohen Will Be Ready For You Come 2018 Steve Cohen Will Be Back in 2018. That's Good SEC Settlement Big Win For Both Steve Cohen And His Lawyer David Boies
(DBN)

Martin Shkreli Feeling Super Thankful That He Kept $45M Handy In His E*Trade Account
(DBN)

We Finally Have A Case Of Bank TARP Fraud
(DBN)

Indianapolis: Ringleader in $90M fuel scam sentenced to 20 years
(DBN)

Miami-Dade businessman convicted in $70 million Medicare racket
(DBN)

____________

Construction:

Operator of crane company linked to 2008 fatal accident files for Chapter 11
(DBN)

____________

Guns:

Colt's Continuing Soap Opera
(DBN)

____________

Shipping:

Shipping Gets a Bearish Start to 2016
(DBN)

____________

Finance:

Goldman fills vacuum in leveraged buyout market with $8 bln fund
(DBN)

____________

Gambling:

Nevada Casinos Lost $662 Million in 2015
(DBN)

____________

Travel:

TSA Gives 2 Years Grace on Drivers License
(DBN)

Frequent Fliers Lose Challenge to United Perks
(DBN)

____________

Student Debt:

The Best Way To Fix The Student Debt Crisis (And It’s Not Free Tuition)
(DBN)

Wall Street Is Pummeling The Nation’s Largest Student Loan Company
(DBN)

____________

Economy:

December Employment Report: 292,000 Jobs, 5.0% Unemployment Rate Another Strong Employment Report December Jobs Report – The Numbers The December Jobs Report in 14 Charts The Economy Gained Jobs. But We’re Still Not at Full Employment. Positive U.S. Jobs Report Extends to Legal Industry
(DBN)

Merrill: Warm Weather "added nearly 100,000 jobs in December"
(DBN)

3 Reasons the Economy Boomed in 2015
(DBN)

Is the Next Recession on the Way?
(DBN)

Stiglitz: U.S. has backed worst trade deal in decades
(DBN)

Credit Market's Fear Gauge Jumps to 3-Year High on China, Oil
(DBN)

Gross Says Tough Time for Bonds If Fed Relies on Jobs
(DBN)

Consumer credit slowly edges higher in November Consumer Borrowing in U.S. Rises at Slowest Pace in 10 Months
(DBN)

America: A Nation of Truck Drivers
(DBN)

Labor Secretary: Americans Need Raises Wage Growth Is Weak. Inflation-Adjusted Wage Growth Is Much Healthier
(DBN)

Public and Private Sector Payroll Jobs: Carter, Reagan, Bush, Clinton, Bush, Obama
(DBN)

GOP: Government Can't Stop Poverty
(DBN)

US Debt Clock
(DBN

Economic Indicators Dashboard
(DBN)

______________

Real Estate:

The 8 states most at risk of a housing crisis
(DBN)

Judge Ejects Class Action Against Stern's Foreclosure Company
(DBN)

When the Capital Markets Crash
(DBN)

Get ready for a global property slowdown
(DBN)

Mortgaging the American Dream: A Critical Evaluation of the Federal Government's Promotion of the Home Equity Financing
(DBN)

A Uniform and More Rational Approach to Rents as Security for the Mortgage Loan
(DBN)

Fontainebleau expected to be sold soon
(DBN)

Hugh Hefner's iconic mansion is going on sale for $200 million
(DBN)

AL: Country Crossing bond holder ends legal battle with landowner
(DBN)

A&P to turn over leases for 11 former LI stores to landlords
(DBN)

____________

Municipalities:

'PA for Puerto Rico': Coalition plans political push to give island bankruptcy option
(DBN)

Bond Insurers Sue Puerto Rico to Stop Revenue Diversion Insurers Open a Legal Can of Worms for Puerto Rico Puerto Rico Pleads for Congressional Help as Lawsuits Are Filed
(DBN)

Puerto Rico Governor: We Won't Make It to 2016 without Bankruptcy
(DBN)

Puerto Rico: Setting the Fox to Guard the Chickens Doesn't Fly at All
(DBN)

SCOTUS will question its power to decide Puerto Rico case
(DBN)

Houston: Mayor looks to balance the books ahead of financial crisis
(DBN)

State officials, Wall Street target Detroit schools for bankruptcy restructuring
(DBN)

Atlantic City rescue plan heads to Christie's desk
(DBN)

Invalid paperwork means troubled Harvey can't collect property taxes in 2016
(DBN)

To narrow states' huge pension gap, look to voluntary buyouts
(DBN)

Memphis: What the $1 billion OPEB bill means for taxpayers
(DBN)

When Did Governor Know About Flint's Water?
(DBN)

____________

Mass Torts:

Class action and asbestos bill faces presidential veto Asbestos, Class Action Reform Passes the House
(DBN)

At least 40 former students of an elite prep school claim sexual assault by former staff members
(DBN)

____________

Oil/Gas:

Mon.: Oil is diving Oil prices under fresh pressure
(DBN)

Oil falls near 12-year low amid volatility in Chinese markets
(DBN)

Is $20 Oil A Possibility?
(DBN)

This investment bank just slashed its oil price prediction for 2016
(DBN)

Shell Boss: The oil slump isn't going to last
(DBN)

Forecast Shows More E&P Spending Cuts Worldwide
(DBN)

Oil rig count plummets to start 2016 Rig Count Lowest Since 2010 As Drillers Step Up Cuts Rig Count: Capitulation?
(DBN)

Oil prices below $40 not sustainable for most producers - Wells Fargo
(DBN)

The “Hanging in There” Game for Oil Producers
(DBN)

The Odd Consequences of the Oil Price Crash
(DBN)

Sandridge and Magnum Hunter: When Energy Names Go Bust
(DBN)

Gas prices could drop toward $1 a gallon
(DBN)

Bankruptcy filing being mulled for top client of Keppel and SembMarine
(DBN)

Singapore rig builders in dire straits as Sete Brasil mulls bankruptcy Can rig builders stay afloat if Sete Brasil goes bust?
(DBN)

Including $1 Billion Capital Hole, Weatherford Is Worth $2.25
(DBN)

$17.85 Billion in Oil and Gas Bankruptcies in 2015
(DBN)

Natural Gas Prices Signaling Oil Bottom For Investors
(DBN)

Hard times hit Texas' Eagle Ford
(DBN)

Small UK energy groups covered in red ink
(DBN)

Saudi Arabia projects $87B deficit amid low oil prices Who's driving Saudi Arabia's aggressive policies and why?
(DBN)

OPEC's Trillion-Dollar Miscalculation
(DBN)

____________

Radio:

Cumulus Media hit by debt, radio industry troubles
(DBN)

____________

Politics:

Races Neck and Neck in Iowa, New Hampshire
(DBN)

Donald Trump: Hillary is ‘not a victim’ of adultery — because she’s responsible for it Trump Fact Check: The five Guantanamo detainees swapped for Bowe Bergdahl are "back on the battlefield." Trump Endorses Brain Damage In Speech That Claims Football, Like America, Has Gone "Soft" Poll: Trump is Real Threat to Clinton Rival Group Puts High Price on Trump Immigration Plan Donald Trump: The State of the Union Is a ‘Mess’ New Hampshire's Largest Newspaper Kicked Out of the Next Debate After Donald Trump Whined About It Donald Trump's Electability Paradox
(DBN)

If You Think Ted Cruz Is Eligible To Be President, Then You Think Obama Would Be Even If He Was Born In Kenya Harvard Scholar: Cruz Eligibility is Uncertain Cruz Was Against Ethanol, Then For It Ted Cruz Rejects Trump Plan for Mass Deportation Roundup The Real Ted Cruz
(DBN)

Now Jeb Bush Wants to End Food Stamps Why Do Republicans Dislike Jeb Bush? Hank Greenberg Would Like To Clarify How 10 Million Of His Dollars Ended Up With Noted Disappointment JEB! Bush Elizabeth Warren Slams Former AIG CEO Over Jeb Bush Super PAC Donation, Trump Calls It a 'Waste'
(DBN)

Rauner's business pals are turning sour on him
(DBN)

A make-or-break moment for Supreme Court appointments 1,340 Clinton Emails Have Classified Info
(DBN)

Peggy Noonan: GOP in 'Civil War'
(DBN)

Dick Bove: Bernie Sanders' Wall Street reform plans are uninformed, ridiculous The Great Clinton-Sanders Tax Divide Bernie Sanders Tests Crowd on Economics
(DBN)

There's a growing push to impeach Maine's governor after his racially tinged remarks
(DBN)

____________

Brokers:

Questions burn for shareholders after RCAP's demise
(DBN)

____________

Taxis:

Taxis Are Doomed and They Know It
(DBN)

____________

Concerts:

SFX Entertainment tumbles 48% on bankruptcy consideration SFX Inching Closer To Bankruptcy Hires Restructuring Experts 26 Weeks After $260 Million IPO
(DBN)

____________

Hotels:

Payments ordered in hotel bankruptcy case
(DBN)

____________

Waste:

Louisville: Creditors want wastewater company Bullitt Utilities pushed into chapter
(DBN)

____________

Opera:

New York City Opera seeks to emerge from bankruptcy at hearing Tuesday
(DBN)

____________

Farming:

Judge OKs Turnet Grain creditor to receive $237,672
(DBN)

____________

Newspapers:

OC Register Killing Some Community Weeklies
(DBN)

____________

Amusement Parks:

BK Judge: Beach Club insurance proceeds to pay on back taxes
(DBN)

Judge orders former amusement park sold at auction
(DBN)

____________

Steel:

Schnitzer Steel Industries first-quarter loss widens
(DBN)

____________

Distressed Investing:

US High Yield Bond Funds See $809M Cash Outflow
(DBN)

Leveraged Loans: 2016 CLO Outlook – Credit Concerns and Risk Retention in Focus
(DBN)

____________

Debt Collection:

Tensions Continue to Mount Between the FDCPA and the Bankruptcy Code
(DBN)

National Guard & Reservist Debt Relief Extension
(DBN)

____________

Derivatives:

$1.9B Swaps Payout Is a Windfall for Funds
(DBN)

____________

Aviation:

American Airlines Hires Former Union Leader As Consultant, Stirring Controversy
(DBN)

___________

New Bankruptcy Opinions
(7 new opinions today - DBN)

Bankruptcy Court Web/Pacer Site Directory

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

Recent Ch. 11 Filings (55 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (7 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:

As economy improves, more bankruptcy filings expected
(DBN)

Pardon the Interruption. . . Bankruptcy Filings Resume Their Decline Bankruptcy Filings Declined 10 Percent in 2015, but they could increase in 2016.
(DBN)

Tennessee still leads nation in bankruptcies
(DBN)

Why Retirees Go Broke
(DBN)

These companies could be facing liquidity problems
(DBN)

______________

Miscellaneous:

The Week Ahead
(DBN)

____________

Property of the Estate:

Bankruptcy court auctions lottery winner's prize paying $1,000 a month for life
(DBN)

____________

Avoidance Actions:

Bank of NY Mellon is dealt setback in Sentinel bankruptcy
(DBN)

A bankruptcy trustee can try to recover the market value of a debtor's life settlements from banks that bought the man's unmatured term life insurance policies
(DBN)

____________

Bankruptcy Reform:

Asbestos Reform Passed By House
(DBN)

Examining Proposed Chapter 11 Reforms Through the Lens of Recent Retail Cases
(DBN)

____________

Cross-Border:

There's a Chapter 15?: A Look at the Impact of Chapter 15 Bankruptcy Proceedings on Trade Creditors
(DBN)

____________

Constitution:

Bankruptcy Takings
(DBN)

____________

Eligibility:

Previously Discharged Personal Liability Does Not Count Toward Debt Limit
(DBN)

____________

Insurance:

D&O Insurance: Meditations on Late Notice
(DBN)

____________

Metals:

Glencore's US Unit Sherwin Alumina Files for Bankruptcy Sherwin Alumina Files For Chapter 11 To Facilitate Competitive Sale Process Through A Pre-Negotiated Plan
(DBN)

____________

Resorts:

Baha Mar: The hotel that threatens to bankrupt the Bahamas
(DBN)

____________

Mining:

Rare-earths miner Molycorp to start bankruptcy sale of business
(DBN)

Molycorp Cleared for Auction as `Monopoly Money' Fight Looms Molycorp Creditors Attack Oaktree's `Monopoly Money' Debt Claim
(DBN)

____________

Retailing:

Closed for Business: A Methodology for Store Closures in Retail Turnarounds
(DBN)

Selling Investors on the Troubled Retailer
(DBN)

Complexity of Bankruptcy for Shopping Center Tenants
(DBN)

Macy's Woes Cast Shadow Over America's Debt-Laden Mall Retailers
(DBN)

Is Dov Charney Really Returning to American Apparel? Dov Charney is preparing a $300 million takeover bid for American Apparel that would give him back control of the company
(DBN)

Why Finish Line is closing 150 stores even though ‘athleisure’ is booming
(DBN)

____________

Healthcare:

HDL: Zombie Lab Reneges on Promises to Patients
(DBN)

Remains of HDL move toward liquidation
(DBN)

New York Legislators Begin Examining Health Republic's Collapse
(DBN)

MannKind Corporation On the Ropes After Afrezza Failure
(DBN)

El Paso Children's Hospital swears in new board County bills from Children’s bankruptcy : $262K
(DBN)

Crittenden County Hopes to Build New $21M Hospital
(DBN)

Turnarounds: SRHS audit shows health system turned $30 million deficit into profit in 2015
(DBN)

Pfizer Raises Prices on Over 100 Drugs
(DBN)

____________

Sovereigns:

Argentina gov’t to meet with ‘vultures’ on Wednesday Argentina to Resume Debt Talks With Holdout Creditors
(DBN)

Farewell To The Vultures? Argentine Debt Restructuring And Bargaining Theory – Analysis
(DBN)

Ukraine: dismal economic prospects, great sovereign bond
(DBN)

____________

UK:

UK legal costs hit $700m for Nortel
(DBN)

Secured recoveries litigation - England and Wales
(DBN)

Britain’s Banking Industry To Implement Depositor Bail-in Scheme? The Confiscation of Bank Deposits
(DBN)

____________

EU:

Europe Set for Leveraged-Loan Deluge Even as Investors Shun Risk
(DBN)

EU Orders Belgium to Claw Back $763 Million Illegal Tax Breaks
(DBN)

Rescission of contracts and the EU Insolvency Regulation
(DBN)

Bank lenders dodge losses suggesting loopholes in new regulation
(DBN)

____________

PIIGS:

Set-­off of overdue receivables, when purchased after the declaration of bankruptcy, is an “abuse of a right” ?
(DBN)

Italy: he new rules for the insolvency of banks
(DBN)

Italian police search offices of rescued bank in loan probe
(DBN)

UniCredit: Too big to thrive?
(DBN)

EU eyes start of Greek reforms review January 18: officials
(DBN)

Tackling NPLs becomes even more difficult
(DBN)

'Aggressive' McFeely hiding assets - bankruptcy expert
(DBN)

Spain's Princess Cristina has appeared in court on tax fraud charges
(DBN)

____________

Canada:

Court upholds $118M award against negligent Livent auditor Deloitte
(DBN)

Banks Island Gold tips into bankruptcy
(DBN)

Bombardier, Inc.: Time for Mr. Trudeau to Step Up
(DBN)

Oil Rout Curbs Morneau's Enthusiasm on Canada Pre-Budget Tour
(DBN)

____________

China:

China woes continue as benchmark plunges 5%
(DBN)

China's Hunger for Commodities Wanes, and Pain Spreads Among Producers Commodity prices slip anew after worst year since financial crisis
(DBN)

Be Scared of China's Debt, Not Its Crashing Stocks
(DBN)

China Isn't Headed for a Financial Crisis
(DBN)

China's Financial Economy Is 'Largely Stable' Says Foreign Exchange Regulator
(DBN)

Mouldy monument to China's state-owned failures abroad
(DBN)

Bankrupt shipyard Weihai Samjin to start restructuring
(DBN)

To say that what happens in China doesn't matter to the US is to ignore how the global economy works
(DBN)

Kaisa Pushes Ahead With Bond Restructure Plan, Offers Incentives
(DBN)

____________

Poland:

Polish Banks Face Pressure With Another Credit Union Bankruptcy
(DBN)

____________

India:

Sale of bad loans to ARCs will get boost from Bankruptcy Code
(DBN)

____________

Bahamas:

From 'Disappointment To Disillusionment' On Clico
(DBN)

____________

MENA:

Israel: Receivership order against diamond dealer Uri Schwartz
(DBN)

____________

Switzerland:

Swiss Central Bank Loses Billions on Move
(DBN)

____________

Brazil:

Brazilian Blowout Hits Singapore's Sembcorp
(DBN)

Brazil's Mounting Woes Threaten to Wipe Out Bond Rebound in 2016
(DBN)

____________

Australia:

ASX loses $100 billion as lack of confidence in Chinese economy panics investors
(DBN)

APRA looks to Europe for bank rescue plan
(DBN)

____________

Singapore:

Judiciary looking to enhance court-to-court arrangements in cross-border insolvency
(DBN)

____________

 


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