January 15, 2016

The Daily Bankruptcy News

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3-Column Formating

 

Law:

Reed Smith lays off 45 attorneys Biglaw Firm Cuts Headcount; Attorneys Among The Victims Layoffs Hit 45 Lawyers, Staff at Global Law Firm
(DBN)

Holland & Knight Adds Bankruptcy Partner Kenneth Noble in Boston and New York
(DBN)

Associate Bonus Watch: Are D.C.-Based Firms ‘Cheap’?
(DBN)

Citibank Sues Former Dewey Chair Over Unpaid Loan
(DBN)

How to run up a $1.6bn legal bill – the Nortel bankruptcy should be a wake-up call for the insolvency industry
(DBN)

Contract Attorney Overtime Suits Put Firms on Notice
(DBN)

Partner’s ‘slave’ comment to contract attorney led to tweet that launched a law firm
(DBN)

Paxil suit by widow of Reed Smith partner heads to trial without summary judgment ruling
(DBN)

Former Gov. Beshear, bankruptcy litigator, to rejoin Stites & Harbison Lexington law office
(DBN)

Does Chicago Tout the Largest Population of Female Managing Partners?
(DBN)

Clifford Chance pushes forward on full-equity overhaul
(DBN)

The Lawyer’s Guide To Facebook Etiquette
(DBN)

In-house lawyers reveal law firm perks
(DBN)

Jones Day demotes at least four London partners
(DBN)

Slaughters and SullCrom face US probe over StanChart advice
(DBN)

One third of UK legal sector risks information with poor cybersecurity
(DBN)

Has Harvard Law Always Been Filled With Sexist A------?
(DBN)

Don’t Go To Law School For Stupid Reasons
(DBN)

Patriots player's bizarre incident with police after a bad drug reaction
(DBN)

N---- Woman Attacks Diners During Waffle House Rampage
(DBN)

Man is charged with filing appeal on behalf of woman he didn’t know
(DBN)

Student builds robot lawyer for challenging fines
(DBN)

Lawyer crossed line by taking water bottle for DNA test without permission, panel says
(DBN)

Civil rights lawyer files suit against sheriff over his own arrest
(DBN)

Firm fires employee for being too smelly
(DBN)

Attorney Advertising Takes A Turn For The Bizarre
(DBN)

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Judges:

Lawyer Receives Stern Benchslap And Amazing Sanction For Sexist Deposition Comment Why This ‘Sexist Comment’ Sanction Is So Stupid
(DBN)

Judge’s finances show history of unpaid debt, IRS liens, foreclosures
(DBN)

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Wall Street:

Dow set for triple-digit drop as oil breaks under $30 Global Stock Slump Resumes
(DBN)

Dow up more than 300 as stocks track oil rebound
(DBN)

Asian Stocks Resume 2016 Slump as Materials Shares Lead Retreat
(DBN)

Panic has returned to markets: Credit Suisse
(DBN)

Red alert: A $1 trillion stock bubble ready to pop
(DBN)

The stock market just did something it has only done 3 other times in the last 100 years — and it's not good
(DBN)

Goldman plans to cut up to 10% of fixed-income traders, salespeople
(DBN)

What really drives stock returns? Not the economy
(DBN)

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Layoffs:

National and State by State Unemployment Rates
(DBN)

Animated Map of Unemployment
(DBN)

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Autos:

Fiat trading suspended after heavy losses Two dealers allege Fiat Chrysler falsifying sales
(DBN)

Deutsche Bank Said to Probe Subprime Auto Securitizations
(DBN)

Is Renault the Next Volkswagen?
(DBN)

Volkswagen's emissions scandal is still wreaking havoc on the company
(DBN)

Plaintiff in GM Civil Trial Takes Stand
(DBN)

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Student Debt:

How to get student loan debt relief
(DBN)

Student loan debt in the US has topped $1.3 trillion
(DBN)

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Healthcare:

HealthSpot files for Chapter 7 bankruptcy liquidation Bankruptcy filing lists Ohio business leaders among HealthSpot shareholders including Cheryl's, Marc's founders
(DBN)

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Coal:

Familiar Faces in Coal Bankruptcies
(DBN)

Obama administration to announce remake of coal program, freeze leases
(DBN)

When A Coal Company Goes Bankrupt, Who Is Left To Clean Up The Mess?
(DBN)

Arch Coal’s bankruptcy suggests a questionable strategy
(DBN)

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Consultants:

Epiq Systems Appoints Bankruptcy Law Veteran Deirdre McGuinness as Managing Director
(DBN)

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Fraud:

Madoff trustee wins new ruling over payouts
(DBN)

Former CEO of Vann’s Faces Fraud, Money Laundering Charges
(DBN)

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Defaults:

S&P Sees Higher U.S. Default Rates
(DBN)

Global Junk-Rated Company Defaults Doubled in 2015, Moody's Says
(DBN)

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Mining:

Glencore in Talks With Lenders on $8.45 Billion Refinancing
(DBN)

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Currency:

Cryptsy Threatens Bankruptcy , Claims Millions Lost in Bitcoin Heist
(DBN)

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Corporate Reform:

Is This How Wall Street Cleans Up Its Act? Badly Behaved Banker List Raises Concerns
(DBN)

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Banking:

SEC Slaps GC With Lifetime Ban for Role in Bank Failure
(DBN)

JPMorgan Chase’s earnings rise 9 percent, beat estimates
(DBN)

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Football:

Ex-NFL coach fighting owners of defunct Sacramento team over $1 million in back pay
(DBN)

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Economy:

Initial Jobless Claims in U.S. Unexpectedly Increased Last Week But Labor Market Conditions Remain Strong
(DBN)

Global Malaise Spurs U.S. Growth Worries
(DBN)

"So You Think A Recession Is Imminent ..."
(DBN)

LA area Port Traffic Decreased YoY in December
(DBN)

Import prices sharply weaker
(DBN)

For Millions the Recession Isn't Over
(DBN)

Delinquency Rates Rose in 3Q for Auto Loans, Mortgages
(DBN)

What Forecasters Expect From the Economy in 2016
(DBN)

March quickly coming off the table for Fed hike China, Oil & Wall Street All Gang Up On The Fed The Fed's Inflation Problem Just Got Worse
(DBN)

Profits pullback is not just about oil anymore
(DBN)

What’s Wrong With The Producer-Price Index? Rent Is Too Damn High
(DBN)

US Debt Clock
(DBN

Economic Indicators Dashboard
(DBN)

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Real Estate:

Kendall-Jackson Wine Maker Buys Former Evergreen International Headquarters
(DBN)

Zillow: Mortgage rates lower now than before Fed rate hike "Lenders quoting 30yr fixed rates in a range of 3.875% to 4.0%" Mortgage rates retreat over global economic concerns
(DBN)

Houston housing health depends on price range
(DBN)

NMHC: "Apartment Markets Recede in the January NMHC Quarterly Survey"
(DBN)

Goldman Sachs OKs $5B settlement of civil claims over toxic mortgage bonds Goldman Sachs’ fourth-quarter earnings essentially just got wiped out
(DBN)

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Municipalities:

Puerto Rico — debtor, heal thyself
(DBN)

Supreme Court Asks: What is Puerto Rico to Washington?
(DBN)

Supreme Court considers Puerto Rico’s sovereignty and double jeopardy Supreme Court Could Decide Political Fate Of 3.5 Million Puerto Ricans Second-Class Sovereignty Supreme Court divided over Puerto Rico's autonomy
(DBN)

Should Dual Sovereignty Apply to the Territories, Independently of How the Court Treats Puerto Rico in Sanchez Valle?
(DBN)

Reid: Create task force on Puerto Rico debt crisis
(DBN)

Ambac CEO fires back over Puerto Rico strain
(DBN)

Atlantic City emergency fiscal management costs top $2.6 million
(DBN)

Detroit Public Schools face bankruptcy if lawmakers don't act
(DBN)

EPA Knew Flint's Water Was Poison Last Year
(DBN)

Pa. Volunteer Fire Department Files for Bankruptcy
(DBN)

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Oil/Gas:

Most Hated Guy in Oil Patch Gets Busier as Market Gloom Deepens
(DBN)

Fri.: Oil falls as Iran worries won’t quit Crude prices dive below $30; Iran exports in focus Oil Falls Back Below $30 With Brent Discount Biggest Since 2010
(DBN)

Thurs.: Oil futures staging a recovery after dip below $30 earlier this week
(DBN)

Why $30 Oil Might Be Normal
(DBN)

Shale billionaire sees oil hitting $60 by year-end Oil prices could spike 50% higher in 2016: Analyst
(DBN)

Wall Street Feeling the Pain of Low Oil Prices as Loans Sour
(DBN)

Oil companies scrap $380 billion in new projects, Wood Mac says
(DBN)

Is it time to bail out the U.S. oil industry?
(DBN)

Which Oil Companies Are Cutting Capex Most?
(DBN)

Cheap Oil Price 'Positive' to Most People: Davide Serra Oil's Plunge Is Great News for Most of Us
(DBN)

Vantage Drilling's Nemesis Hasn't Given Up Yet
(DBN)

Vantage Drilling Wins Confirmation of Chapter 11 Plan
(DBN)

Forget $20 - Oil Prices At $8 Per Barrel In Canada
(DBN)

U.S. Shale Sees Lowest M&A Deal Activity for 6 Years in 2015
(DBN)

Offshore driller Atwood warns of possible revenue declines, impairment charge
(DBN)

A look at bankruptcy in the oil patch
(DBN)

Downturn in oil costs BHP Billiton $7.2 billion BHP expects to book $4.9 billion writedown on U.S. shale assets
(DBN)

10 companies that will thrive if crude rebounds
(DBN)

The cheapest crude oil on the entire planet can be found here
(DBN)

Warren Buffett digs deeper into his big oil bet
(DBN)

Oil credit crunch may be worse than housing crisis
(DBN)

Junior oil players find hedging to be a lifesaver
(DBN)

Time To Go Bargain Hunting In Oil Stocks
(DBN)

JPMorgan CEO: We're not that worried about the oil industry JPMorgan rebuffs suggestions it too optimistic on energy loans Why Jamie Dimon Isn't Losing Sleep Over $30 Oil, But Other Banks Should JPMorgan takes hit due to oil rout
(DBN)

Commodities... anatomy of a bankruptcy
(DBN)

What life would be like below $30 per barrel in the Eagle Ford
(DBN)

Are Oil Prices to Blame for Increased Credit Concerns?
(DBN)

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Alternative Energy:

Why clean energy is now expanding even when fossil fuels are cheap
(DBN)

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Retailing:

Best Buy cuts sales view after holiday sales fall
(DBN)

American Apparel Employees Weren't Paid Last Week 'Confidential' memo shows Deutsche Bank admitting its screwup was the reason American Apparel employees didn't get paid last week
(DBN)

American Apparel rejects takeover bid: source American Apparel rejects $300-million takeover offer
(DBN)

The Biggest Loser: Retail Edition
(DBN)

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Politics:

Things get feisty at GOP debate Trump, Cruz clash in tense Republican debate 3 winners and 3 losers from Thursday night's Republican presidential debate Ted Cruz won the debate The gloves came off Crowd boos Donald Trump during epic showdown Fact-checking the debate Good Night for Trump, Bad One for Substance Debating the Debate: Applause Lines and Sharp Elbows
(DBN)

Trump: I'd give my company to my kids if elected president Sharks circle Trump at debate Donald Trump Has No Idea How the Government Works Donald Trump rally features incredible performance of 3 young children singing about crushing America's enemies Watch Trump go on a rant over microphone at a rally: 'Don't pay the son of a b----' Trump: I'm 'extremely angry,' but that's what our country needs Donald Trump has begun dramatically reading this song about a 'vicious snake' at rallies Trump Digs Up the Clinton Baggage One tweet that explains why Donald Trump is resonating
(DBN)

Clinton (Chelsea) Fact Check: Bernie Sanders’ health care plan would "empower Republican governors to take away Medicaid, to take away health insurance for low-income and middle-income working Americans."
(DBN)

Hillary Clinton: Criminal Prosecution, Or The Presidency?
(DBN)

The Cruz Eligibility Question: Legal Scholars Weigh In How Cruz Supporters Differ From Trump Fans The Donald Trump-spurred legal debate over Ted Cruz’s citizenship, explained Legal Memorandum: Is Ted Cruz Eligible for the Presidency? Donald Trump's Natural-Born Citizen Argument Against Ted Cruz
(DBN)

Now Carson's Finance Chair Quits
(DBN)

George Will: Rubio's Bad Judgment Record
(DBN)

Republicans Debate Who Is the Alpha
(DBN)

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Personal Finance:

4 mistakes not to make when answering, 'Why are you interested in this position?' during a job interview
(DBN)

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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 (11 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (58 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:

Bankruptcy warning signs
(DBN)

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Claims Trading:

Claims Trading Warps the Bankruptcy System
(DBN)

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Cross-Border:

'Codere': A New Model for Cross-Border Restructurings
(DBN)

The Latest Developments in the Harmonization of Global Insolvency Laws
(DBN)

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Absolute Priority:

Trustee Settlement of SEC Claim Approved Over Creditor Objections
(DBN)

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Telecoms:

Nortel Fee Bonanza Continues as Creditors Square Off in NY
(DBN)

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Awards:

Who's Who: Restructuring & Insolvency 2016
(DBN)

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Taxis:

Here’s are the biggest threats to Uber according to Morgan Stanley, the bank that's helping the $62 billion startup raise its next round
(DBN)

An Uber driver refused to take a pregnant woman to the hospital and charged her $13 for the ride anyway
(DBN)

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Celebs:

Real Housewives of Potomac Robyn Dixon — Bankruptcy Lesson
(DBN)

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Insurance:

MetLife Debt Risk Rises as Moody's Says Split Hurts Bondholders
(DBN)

Paying For Protection: The Return Of Bond Insurers
(DBN)

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Newspapers:

Freedom owner files plan for sale by March 31
(DBN)

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Electricity:

Oncor CEO Bob Shapard Has Doubts About Ray Hunt's $18 Billion Bid
(DBN)

Kirkland team shelters $1.4B in bankruptcy duel
(DBN)

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Sovereigns:

Argentina: Gov’t to make offer to ‘vultures’ on Jan. 25 Argentina will present proposal to U.S. mediator to solve debt battle
(DBN)

Argentina hires restructuring expert Buchheit
(DBN)

Argentina President Macri Throws Open the Books
(DBN)

After 14 years, Argentina set to give up in battle with bondholders
(DBN)

Argentina attempts to end legal standoff with offer to US hedge funds
(DBN)

Argentina : A Holdout Bond Deal By June?
(DBN)

Argentina, Bond Holdouts Said at Odds Over Disclosure Agreement
(DBN)

Hedge Fund Challenges Peru on Land Bonds
(DBN)

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UK:

FTSE 100 lower as oil price falls again
(DBN)

The Bank of England has banned and fined 2 former Co-operative Bank execs
(DBN)

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PIIGS:

Abengoa Said to Plan Shrinking Itself by 30% to Avoid Insolvency
(DBN)

Abengoa's Debt Valued at Less Than 5% in Default-Swap Auction
(DBN)

Athens caves in, accepts IMF participation in bailout plan
(DBN)

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Canada:

What to do when your supplier or client is insolvent
(DBN)

Analyst Cuts Price Target on Canada’s Largest Newspaper Chain to Zero
(DBN)

Nortel talks aim to end $7-billion legal fight
(DBN)

U.S steel bankruptcy
(DBN)

Oil at $10 is Already Here
(DBN)

Is It Lights Out for Trudeau's `Sunny' Economic Ways in Canada?
(DBN)

____________

China:

China Stocks Enter Bear Market, Erasing Gains From State Rescue
(DBN)

Credit Suisse: There's something totally messed up about China's latest data dump
(DBN)

Here's why global jitters about a China meltdown are probably overblown
(DBN)

China’s Capital Flight
(DBN)

China pumps $15 billion into the market
(DBN)

China's Banks Scaled Back Lending in December
(DBN)

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India:

Insolvency and Bankruptcy Bill: A good step to tackle bad assets
(DBN)

Bankruptcy law: key to tackling the burgeoning NPA issue
(DBN)

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Iceland:

Iceland's biggest personal bankruptcy
(DBN)

Hedge Funds Get Reality Check From Iceland PM Bracing for Exit
(DBN)

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Austria:

The $12 Billion Hypo Alpe Offer Some Bondholders Plan to Refuse
(DBN)

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Russia:

With oil prices plunging, Russia looks ahead to grim 2016
(DBN)

Caught in $30 Oil Vise, Russia Agonizes Over Rising Bond Bills
(DBN)

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South Africa:

Farmers Battling Drought Owe South Africa Banks $7.5 Billion
(DBN)

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