January 13, 2016

The Daily Bankruptcy News

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Law:

Leader of Shrinking Law Firm Addresses Departures
(DBN)

Bankruptcy lawyer suspended for ‘screwing banks’ ads
(DBN)

Biglaw Partner Alleges Sexism Derailed Her Career In A New Lawsuit
(DBN)

13-attorney Sidley Austin office acquires enough office space for 60 lawyers
(DBN)

Robins Kaplan Adds Bankruptcy Heavyweight
(DBN)

Is the Law School Crisis Affecting Harvard?
(DBN)

How To Fix The U.S. News Law School Rankings
(DBN)

This is What the Dean of Harvard Law School Thinks About AI
(DBN)

As Bad As Legal Education Is, It Could Be Worse
(DBN)

Free Tools To Organize Your Law Practice
(DBN)

Lawyer’s $350K win for defamatory online review is upheld on appeal
(DBN)

Nothing To Fear In Using Digital Exhibits
(DBN)

Beyond Biglaw: Walk And Talk
(DBN)

Oregon judge plans to bill Ammon Bundy up to $70,000 a day for security costs to county Oregon Militia to Discuss Leaving
(DBN)

City Pays For Cops' Bankruptcies: How Cleveland's Trying to Get Out of Paying $18.7 Million in Judgments Against Two Cleveland Police Officers
(DBN)

Avvo readies rollout of fixed-fee legal services
(DBN)

‘Don’t say yes,’ Sir Mix-A-Lot advises lawyer who got his former phone number
(DBN)

Disbarred lawyer faces likely prison time after admitting theft of more than $1M from 2 clients
(DBN)

Reporter Attacked Live on Air
(DBN)

Ohio Dad Accidentally Kills Teenage Son
(DBN)

Unhappy with his mug shot, fugitive sends police a new photo
(DBN)

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Judges:

More Women in the Judiciary Means Justice for All
(DBN)

Retired judge takes felony plea deal after shooting at police, gets probation and community service
(DBN)

Judge’s battle to stay on bench ends at SCOTUS, but ethics case is still ongoing
(DBN)

Did lawyers use federal court as a ‘bargaining chip’? Irked judge schedules sanctions hearing
(DBN)

Senate GOP: No More Obama Nominees
(DBN)

Federal Judge: Omaha Cops Claim They Are Special; They Are Not That Special
(DBN)

Federal judge crossed the line with imprudent comments and trial interruptions, 4th Circuit says
(DBN)

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Wall Street:

Dow futures surge
(DBN)

US Stocks Veer Lower Following Another Drop in Price of Oil
(DBN)

Sell everything! 2016 will be a 'cataclysmic year,' warns RBS
(DBN)

The must-read guide to the key issues at every major Wall Street bank
(DBN)

Wall Street Frets Fed Proposal Will Become $550 Billion Headache
(DBN)

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Layoffs:

GE to cut 6,500 ex-Alstom jobs
(DBN)

National and State by State Unemployment Rates
(DBN)

Animated Map of Unemployment
(DBN)

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Gambling:

 

Meaningless touchdown at end of college championship game caused $10 million to switch hands in Vegas
(DBN)

Odds are $1.5 billion Powerball winner will end up bankrupt 4 lottery winners who lost it all A financial adviser shares the smartest steps to take if you win the $1.4 billion Powerball Here's Mark Cuban's advice for whoever wins the $1.5 billion Powerball lottery
(DBN)

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Retailing:

Women's retailer Joyce Leslie files for bankruptcy protection
(DBN)

American Apparel's Bankruptcy Complicated by New Offer
(DBN)

American Apparel: Never mind the s-- scandal, Dov Charney wants his empire back
(DBN)

American Apparel briefly failed to make its payroll last week and the CEO is blaming Deutsche Bank
(DBN)

GameStop Made Nearly $3 Billion in Past 9 Weeks, But Shares Are Tumbling
(DBN)

Why closing stores isn't an easy fix for retailers
(DBN)

Retailers At Risk: These Five Store Chains Face An Uphill Battle In 2016
(DBN)

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Distressed Investing:

Bank of America just laid out why its clients are wrong about the bond market
(DBN)

Investors Bail Out of Ivy High Income Fund in December
(DBN)

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Autos:

U.S., Calif. reject VW's proposed diesel car fix
(DBN)

Edwards Wants Lead Role in VW Class Action
(DBN)

First trial begins in GM faulty ignition case
(DBN)

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Fraud:

It often takes a short-seller to catch a financial thief
(DBN)

Premier Cru files for bankruptcy as 'wine pyramid scheme' lawsuits mount
(DBN)

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Politics:

Obama took subtle shots at Donald Trump and Ted Cruz in the State of the Union Everyone is raving about a GOP rising star’s off-the-charts rebuttal to Obama Haley Takes Swipe at Own Party in Response Fact-checking Barack Obama's 2016 State of the Union address FactCheck: 2016 State of the Union
(DBN)

Hillary Clinton’s lead just evaporated
(DBN)

Poll: Sanders Winning in Iowa, New Hampshire
(DBN)

Few Colleagues Defend Cruz on Eligibility What If Cruz Isn't a Natural Born Citizen? Cruz's Former Harvard Law Professor: Calls Cruz Clueless On Constitution
(DBN)

Parole board member who resigned seeks to correct misstatements in his bankruptcy
(DBN)

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Economy:

Fed hikes need to be gradual, risk hurting emerging world: IMF chief
(DBN)

Job Openings in U.S. Rose in November, Leading to More Turnover High US job openings point to pick-up in wage growth
(DBN)

So many jobs, so little growth. 3 possible reasons
(DBN)

'Sell Everything': Global Bank Warns Investors of Coming Financial Crisis The guy who said 'sell everything' thinks the game in China is up RBS 'Sell Everything' Advice Overblown
(DBN)

Are We Headed For Another Financial Crisis Like 2008?
(DBN)

Gundlach Paints Bearish Outlook for 2016 Investing, Economy
(DBN)

Corporate Credit Outlook Worsens: How Bad Is It?
(DBN)

Junk Bonds Signal 44% Recession Risk in 2016, Fridson Says
(DBN)

Cities with the Highest & Lowest Credit Scores
(DBN)

Americans Are Moving into These 12 States
(DBN)

10 Most Dangerous States in America
(DBN)

States of the Union Not All Economically Strong
(DBN)

The Rich Get... You Know the Rest
(DBN)

The Obama Economy in 10 Charts
(DBN)

Senate Rejects Audit the Fed Legislation
(DBN)

Can Central Banks Weather a Global Economic Downturn?
(DBN)

US Debt Clock
(DBN

Economic Indicators Dashboard
(DBN)

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Real Estate:

Fannie Mae selling $1.4 billion in non-performing loans
(DBN)

CoreLogic: Foreclosures fall to lowest level since 2007
(DBN)

HUD accuses California foreclosure rescue companies of scamming Hispanics
(DBN)

12-year-old girl fatally shot during family’s eviction from Pennsylvania home
(DBN)

Former real estate sales associate faces 150 years for Florida mortgage fraud
(DBN)

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Municipalities:

Bankruptcy laws for Puerto Rico would aid power deal-PREPA exec
(DBN)

Puerto Rico Said to Start Creditor Talks as Soon as Wednesday
(DBN)

Puerto Rico Utility's Debt Plan Not a Sure Thing, House Is Told
(DBN)

Puerto Rico utility needs deal to avert blackouts -executive
(DBN)

Puerto Rico creditors holding their own restructuring talks
(DBN)

Atlantic County mayors still want Atlantic City to declare bankruptcy
(DBN)

Senate pres to Atlantic City: State takeover or bankruptcy
(DBN)

Sweeney advances his Atlantic City takeover plan despite mayor's fears
(DBN)

Atlantic City caught off guard by takeover bill
(DBN)

Atlantic City Bonds Rise as New Jersey Extends Its Control
(DBN)

Taj Mahal, workers and industry need bankruptcy decision soon
(DBN)

Turnaround Specialist Van Conway on Detroit’s Recovery
(DBN)

Franklin drops Stockton bankruptcy appeal
(DBN)

Dallas Fed chief: Diversity, strong service sector among factors keeping Texas out of a recession
(DBN)

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Oil/Gas:

Judge Asked to Curb Almost $8.3M in Requested Fees in Sabine Bankruptcy Case
(DBN)

Oil & Gas Bankruptcy Issues: Part 2 Typical Deal Structures and Financings
(DBN)

After Burleson’s Collapse, Law Firms Pick Up Partners
(DBN)

Weds.: Oil prices climb back from fresh 12-year low under $30
(DBN)

Tues.: Tumbling oil trades below $30 a barrel for first time in 12 years Jeff Gundlach warned of 'terrifying' consequences if oil fell to $40 — Today, it fell below $30 What's so significant about oil prices at $ 30 per barrel
(DBN)

Oil's slide below $30 sends shockwaves far and wide
(DBN)

Investment Bank: Oil Could Hit $10 The Possibility of $20 Oil Doesn't Sound So Crazy Anymore
(DBN)

War Between Saudi Arabia And Iran Could Send Oil Prices To $250
(DBN)

Sinking gasoline prices are lowest in seven years
(DBN)

Oil Execs: The Worst Is Not Yet Over
(DBN)

Oil keeps falling. And falling. How low can it go?
(DBN)

Oil at $30 may saddle producers with loss of about $2 billion a week
(DBN)

Texas job growth imperiled as crude sinks below $30
(DBN)

As oil plunges, energy companies cut jobs, postpone projects
(DBN)

US Oil Production to Fall by Almost a Million Barrels a Day by 2017
(DBN)

Time to pity oil companies ? $124B gone
(DBN)

US sees no relief from swelling oil glut until late 2017
(DBN)

Commodity Rout Spreading Pain Beyond Energy Companies, Citi Says
(DBN)

Plunging oil fans fears of bankruptcy among US firms Oil Plunge Could Sink U.S. Energy Companies Into Bankruptcy US Oil Companies Headed For Bankruptcy? As Price Per Barrel Plunges, Morgan Stanley, Goldman Sachs and Citigroup Issue Warnings
(DBN)

Drilling slump saps U.S. diesel demand
(DBN)

4 oil forecasters point which way prices will go
(DBN)

Company drills in wrong area; forfeits oil and cost of $8M well
(DBN)

10 oil companies that will thrive as crude prices rebound
(DBN)

F3 Capital Alleges Vantage Shareholders Being Frozen Out of Vantage Chapter 11 Bankruptcy
(DBN)

Saudis failing to drown US with oil: Harold Hamm
(DBN)

Petrobras cuts spending plan again as oil-price drop bites
(DBN)

War of words breaks out among OPEC members UAE moves to quash talk of OPEC emergency meet as oil slumps
(DBN)

Oil: The Slide Continued in 2015
(DBN)

How Low Oil Prices Are Transforming Global Politics In Startling Ways
(DBN)

5 Oil Wars That Ended in Disaster
(DBN)

Saudis making a ‘trillion-dollar mistake,’ says U.S. oil billionaire
(DBN)

Oil 2016: Trends the Market May be Missing
(DBN)

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Celebs:

Appeals court says one-time billionaire will stay in jail
(DBN)

Robert Maxwell's sons Kevin and Ian face bankruptcy Maxwell brothers in second bankruptcy hearing
(DBN)

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New Bankruptcy Opinions
(6 new opinions today - DBN)

Bankruptcy Court Web/Pacer Site Directory

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

Recent Ch. 11 Filings (57 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)

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Bankruptcy Statistics:

2015 Bankruptcy Recap: 46% Increase Fueled By Oil & Gas/Mining Industry | Analysts Predict Further Uptick
(DBN)

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Professional Compensation:

Professional Fee Issues in Tropicana Entertainment
(DBN)

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Avoidance Actions:

Preferential Transfer Lawsuits by New Borrowers/Debtors — Is it Game Over on the Ordinary Course Defense?
(DBN)

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Insurance:

D&O: The Danger of Unfounded Assumptions
(DBN)

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Sales:

Claim for Amount Owed in Bid Rigging Scheme Disallowed by Connecticut Bankruptcy Court
(DBN)

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Debt Collection:

Arizona’s Default Judgment Problem
(DBN)

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Negotiation:

Treat Sympathy as a Low-Power Strategy
(DBN)

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Opera:

New York City Opera Will Return, and Soon, Under Reorganization Plan Court Approves Purchase of Bankrupt New York City Opera By NYC Opera Renaissance
(DBN)

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Student Debt:

There’s still time for Obama to stop the student debt crisis
(DBN)

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Utilities:

Utilities Cling To Regulated Model As Markets Turn Against Them
(DBN)

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Corporate Reform:

CFPB nearly doubled enforcement actions in 2015
(DBN)

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Coal:

WY: Arch Coal files for bankruptcy protection; Black Thunder mine will continue operations
(DBN)

OR: Bankrupt coal company says its woes won't affect Longview export terminal
(DBN)

Fitch Downgrades Arch Coal to 'D' on Bankruptcy Filing
(DBN)

Arch Coal receives broad lender support for bankruptcy plan
(DBN)

Arch Coal Nearly Doubled Its CEO Pay As It Lurched To Bankruptcy
(DBN)

Peabody Energy Corporation Plummets Further on Bankruptcy Concerns
(DBN)

Default rates in U.S. coal sector rise
(DBN)

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Hollywood:

Who Might Relativity Sue After Emerging from Bankruptcy?
(DBN)

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Sovereigns:

Argentina Seeks to End Legal Conflict With Creditors, Macri Says ‘We want a reasonable deal’ Argentina seeks to end $100B debt default Argentina eyes debt deal with US investors
(DBN)

Gov't re-starts talks with 'vulture' funds
(DBN)

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UK:

Hays: Don't See a U.K. Recession in 2016
(DBN)

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EU:

Goldman Sachs Sees Governments Coming to ECB Rescue on Stimulus
(DBN)

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PIIGS:

Portugal Said to Have Opposed Central Bank on Novo Banco Bonds
(DBN)

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Canada:

Pre-Bankruptcy Payment to Secured Creditor Escapes Statutory Deemed Trust
(DBN)

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China:

Chinese stocks crumble
(DBN)

China's slowdown, financial mayhem cast long shadow across world
(DBN)

China’s market meltdown does not reflect real economy
(DBN)

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Australia:

Reforming bankruptcy laws is the first step - next, remove the stigma
(DBN)

Leading debtor finance company announces big acquisition
(DBN)

It’s time to change the way we think about bankruptcy
(DBN)

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South Africa:

Rand Has Flash Crash as China's Woes Trigger Drop of Up to 9%
(DBN)

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India:

Strategic debt recast may hit banks' credit growth
(DBN)

Why it may be time for Indian banks to take a hair cut to shelve bad loans
(DBN)

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Ukraine:

Metinvest Bondholder Group Said Opposing Debt Moratorium Request
(DBN)

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Russia:

Russia eyes budget cuts, selling bank stakes
(DBN)

Goldman's Bullish Rate-Cut Forecast for Russia Upended by Oil
(DBN)

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