January 25, 2016

The Daily Bankruptcy News

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3-Column Formating

 

Law:

Emergency Stay Granted to Bankruptcy Attorney Facing Jail
(DBN)

As East Coast snowstorm looms, courts, law libraries and other government offices close their doors How Are Biglaw Firms Dealing With The D.C. Snowpocalypse?
(DBN)

Associate Bonus Watch: A West Coast Player Weighs In
(DBN)

The Highest Offer Isn’t Always The Best Offer
(DBN)

Kirkland & Ellis Strengthens Global Restructuring Practice In Hong Kong
(DBN)

Tips From A Partner: How Should Women Deal With Sexism In Biglaw?
(DBN)

CC tops global project finance rankings
(DBN)

Law Schools: Administrators Up, Profs Down
(DBN)

Whither the Big 4?
(DBN)

Has Dickstein Shapiro Found A (New) Rescuer? Dickstein Shapiro is in ‘Deep’ Talks with Blank Rome – Sources Dickstein's Biz Van Gelder Said She Helped With Bryan Cave Merger Talk, 'Not Sure' Why It Failed
(DBN)

You’ll Leave The Law With These 99 Tips
(DBN)

Prepare For The Physical Realities Of Actually Being In Court
(DBN)

Plaintiff Can Use Facebook to Notify Ex-Wife of Lawsuit
(DBN)

The Security Concerns Holding Up One Firm’s Cloud Usage
(DBN)

The Most Crucial Time During a Data Breach
(DBN)

Client Communication in the Texting Era
(DBN)

Oregon Officials' Patience Wears Thin as Standoff Enters Fourth Week In Oregon, a counterpoint to armed standoff emerges
(DBN)

Tycoon Gets Life for Murder After He Killed His Guard for Being ‘Too Slow’
(DBN)

New App Will Help You Get Out of Any Awkward Conversation
(DBN)

This beautiful wireless keyboard is crafted out of a single piece of wood
(DBN)

13 rules for dating a coworker
(DBN)

Inmates rappelled from roof to escape California jail
(DBN)

‘One man’s vulgarity is another man’s lyric,’ says judge acquitting man in Twitter case
(DBN)

Arrested after giving the finger to NYC cops, Occupy Wall Street pair wins $52K payout Another Lawmaker Is Trying To Create A Photography-Free Zone For Police Officers
(DBN)

Court orders man to provide 24 hours notice before he has s--
(DBN)

Houston lawyer to star in reality TV show
(DBN)

Armed Robbery Reveals How Bad Subway Sandwiches Truly Are
(DBN)

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Judges:

Chief Justice John Roberts faces his absolute worst nightmare
(DBN)

NV: The Bankruptcy Bugle Newsletter
(DBN)

Remaining case against suspended judge dismissed on Tuesday; top court stays jail term on Thursday
(DBN)

Breyer renews call to review constitutionality of death penalty
(DBN)

Scalia clerk shares softer side of justice known for fiery opinions
(DBN)

Want to get your case to the Supreme Court? New study tells you which lawyers to hire.
(DBN)

Judges voted as third most trusted profession ahead of lawyers
(DBN)

Judge Scolded for Taking Pay While Behind on Cases
(DBN)

BK ED PA: Philly and Reading BK Courts Closed Due To Weather
(DBN)

______________

Wall Street:

Stock futures fall
(DBN)

Stocks close higher, post first positive week of the year
(DBN)

Stockman: The markets are in store for a ‘thundering reset’
(DBN)

Do Billionaire Gurus Think a Crash Is Coming?
(DBN)

Goldman Sachs, Morgan Stanley CEOs see 2015 pay cuts
(DBN)

10 hilarious cartoons about the stock market panic
(DBN)

Goldman Sachs Feeling the Pain of Mounting Legal Fees
(DBN)

______________

Layoffs:

Financially troubled Chicago school system to lay off 227 workers
(DBN)

Sprint is laying off 829
(DBN)

VMware could announce 900 layoffs
(DBN)

Oklahoma-based Devon Energy plans layoffs over next few months
(DBN)

Technology Could Kill 5 Million Jobs by 2020
(DBN)

National and State by State Unemployment Rates
(DBN)

Animated Map of Unemployment
(DBN)

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Corporate Reform:

A Legal Battle Brews Over the Power of America's Consumer Finance Watchdog
(DBN)

Lawsky Successor's Law-Firm Chops Signal Shift at New York's DFS
(DBN)

____________

Weather:

Blizzard? Here’s the Weather Effect on the Economy You’re Not Thinking Of Exactly how big was this blizzard? Japan Schools the East Coast on Dealing With Snow
(DBN)

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Fraud:

Petters' victims may finally get some money back
(DBN)

Supreme Court to Hear Insider Trading Case
(DBN)

TelexFree Trustee Files Clawback Suit Against 78,000 Foreign Net Winners
(DBN)

Ex-drug CEO Shkreli asks court to consider blocking subpoena Having Conquered Finance And Pharma, Martin Shkreli Is Basically A Constitutional Law Expert Now
(DBN)

Appeals Court Revives Charges Against Accused $100 Million Ponzi Schemer
(DBN)

SEC Accuses Utah Company Of Running $28 Million Ponzi Scheme
(DBN)

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Retailing:

Dov Charney wants back at American Apparel
(DBN)

Is the final chapter in Dov Charney's steamy American Apparel tale being written?
(DBN)

Why Walmart Express Failed
(DBN)

Starbucks CEO: A Seismic Change in Retail
(DBN)

Macy's won't be the only retailer facing activists
(DBN)

____________

Coal:

Peabody still talking with creditors on debt swap Analyzing Peabody Energy's Proposed Debt Exchange
(DBN)

Court rejects stay on Clean Power Act question
(DBN)

Obama's Coal Last Rites
(DBN)

Feds query Wyoming regulators about coal mine bond decisions
(DBN)

Arch Coal Bankruptcy , Low Prices Sink Mining Stocks
(DBN)

____________

Taxis:

San Francisco's Yellow Cab Cooperative Files for Chapter 11
(DBN)

Uber and Lyft didn’t bankrupt Yellow Cab, and they could hit same pothole
(DBN)

Uber Loses $1.7 Billion
(DBN)

Underemployed Actors and Artists in Los Angeles Work for Uber and Lyft
(DBN)

____________

Travel:

Americans are too cheap to pay for extra legroom or better seats
(DBN)

5 ways to get a flight upgrade
(DBN)

____________

Downgrades:

S&P downgraded debt of 165 companies in fourth quarter
(DBN)

____________

Celebs:

Teresa Giudice Living The Frugal Life?
(DBN)

Judge will require Blixseth to account for resort sale money
(DBN)

Dr. Phil Held His Entire Staff Hostage
(DBN)

____________

Paper:

Signs point towards Verso bankruptcy
(DBN)

____________

Hollywood:

Netflix questions Relativity’s post- bankruptcy leadership Netflix Opposes Relativity Media Bankruptcy Reorganization
(DBN)

Relativity And RKA Film Financing Lock Horns As Bankruptcy Hearing Approaches
(DBN)

____________

Amusement Parks:

Stay sought in Conneaut Lake bankruptcy
(DBN)

____________

Farming:

Farmers Forced to Sell Grain at Low Prices
(DBN)

____________

Economy:

Bond Traders Tell Fed Optimism on Growth, Inflation Is Misplaced
(DBN)

What the Fed Will and Won't Do This Week
(DBN)

Brace for a massive week in the economy
(DBN)

Worried About a U.S. Recession? You Shouldn't Be
(DBN)

Fears of recession in industrial sector grow as pessimism deepens
(DBN)

Americans' Cycle of Financial Insecurity
(DBN)

The stock market is terrible at predicting recessions
(DBN)

Market rout could blow Fed off course if consumers blink
(DBN)

Pay hikes rising despite stagnant sales: Survey
(DBN)

Corporate Growth Reflects Global Slowdown
(DBN)

Are Global Debt Levels Unsustainable?
(DBN)

Bank Of America: The global economy is experiencing 'death by 1000 blows'
(DBN)

Relax. We are not heading for a global meltdown
(DBN)

Darling of Davos, Lagarde has second IMF term sewn up
(DBN)

U.S. recovery is more advanced than what is happening in euro area and Japan, ECB president says
(DBN)

How Immigrants Fit Into America's Economy, Now and 100 Years Ago
(DBN)

Giving poor people cash makes them happier — and their cashless neighbors miserable
(DBN)

Buckle up! This economic doomsayer sees plenty more volatility
(DBN)

Almost half of IPO filings include an auditor warning about potential failure
(DBN)

US Cities with Best and Worst Credit Scores
(DBN)

US Debt Clock
(DBN

Economic Indicators Dashboard
(DBN)

______________

Real Estate:

First-time buyers slowly returning to housing market, data show
(DBN)

Existing home sales soar 14.7% to 5.46 million annual rate in December
(DBN)

Why the December rebound in home sales?
(DBN)

You have to live in New York City more than 18 years to make buying a home worth your money
(DBN)

Virginia reaches $63 million settlement with 11 banks for RMBS fraud
(DBN)

This is how the suburbs die
(DBN)

Oil Crash Hitting Texas Housing
(DBN)

____________

Municipalities:

Democrats to demand restructuring mechanism for Puerto Rico
(DBN)

Bankruptcy law for Puerto Rico counterproductive -insurers association
(DBN)

Puerto Rico PREPA's creditors offer to extend restructuring deadline - source
(DBN)

Puerto Rico Utility's Debt Restructuring Agreement Expires Puerto Rico Debt Deal Falls Apart After Lawmakers Miss Deadline Puerto Rico PREPA's declines offer for fresh debt deal deadline Failed Talks Raise Specter of Biggest Default in Puerto Rico Crisis
(DBN)

Puerto Rico Electric Maintains Talks After Debt Plan Expires
(DBN)

Puerto Rico's PREPA extends deal with lenders, not bondholders
(DBN)

Puerto Rico business leader snared in tax cheat crackdown
(DBN)

Puerto Rico money woes threaten meals for 12,500 prison inmates
(DBN)

House Works on Puerto Rico Plan That Faces Skepticism in Senate
(DBN)

Flint: Hot water for Michigan governor after emails go public Who Poisoned Flint? Governor Snyder Will Seek More Federal Aid For Flint Dirty Water, Dirty Pool in Flint Lawsuits Rick Snyder at heart of Flint crisis Flint, Michigan's water crisis has still left the city with fewer poisoned children than Detroit
(DBN)

10 states with the highest taxes
(DBN)

San Bernardino: Bankruptcy plan hurts those injured by city
(DBN)

Atlantic City's credit rating downgraded four notches
(DBN)

A tale of two Atlantic Cities
(DBN)

Chapter 9 Bankruptcies
(DBN)

Chicago school bond sale may attract unusual investors
(DBN)

____________

Education:

Defunct School Operator Sues Two Big Firms Over Big Legal Bills
(DBN)

____________

Oil/Gas:

Mon.: Oil falls 3 percent on swelling oversupply Oil unwinds gains, falls below $32 Oil Drops as Saudis to Maintain Spending, China Diesel Use Falls Oil is crashing again
(DBN)

The oil price crash is completely changing the industry's landscape
(DBN)

Goldman Sachs: The violent crash in oil prices is creating 'real fundamental change'
(DBN)

US crude jumps more than $2 a barrel on short-covering: Traders
(DBN)

How low oil prices went from blessing to curse
(DBN)

Still Falling: Offshore Spending Could Drop By 25%
(DBN)

Moody’s may downgrade 120 oil and gas companies, 55 mining companies Moody's Downgrades The Oil And Gas Business: Or Why Ratings Agencies Don't Matter
(DBN)

Kilduff: Why there's no end in sight for oil glut
(DBN)

Oiling the Squeaky Wheels of Lower Prices
(DBN)

Oil and Gas M&A Market to Re-energize in 2016
(DBN)

Oil producers to Washington: We DON'T want a bailout
(DBN)

Moody's Lower Oil Forecast to Accelerate Energy Firm Downgrades
(DBN)

Texas leads the way in another rig count decline U.S. Land Rig Count 22 Jan 2016
(DBN)

The Oil Crash Of 2016 Has The Big Banks Running Scared
(DBN)

What Are the Credit Options for Energy Companies?
(DBN)

Why banks won't cut off energy's 'drunken sailors'
(DBN)

Watch Out for Those Falling, Oil-Soaked Angels
(DBN)

Red flag: Oil company defaults are spiking
(DBN)

US junk-rated energy debt hits two-decade low
(DBN)

Quicksilver Resources sold for $245 million on auction block
(DBN)

Chesapeake halts preferred stock dividends
(DBN)

Schlumberger cut thousands of jobs in fourth quarter on $1 billion loss Schlumberger Optimistic It Has Completed Necessary Job Cuts
(DBN)

Halliburton reports a quarterly loss and continues to expect pain in the oil industry
(DBN)

SandRidge Energy explores debt restructuring options-sources
(DBN)

Layoffs hit hard at Swamp Donkey Oilfield Services
(DBN)

Keppel Uncertainty Prolongs as Brazil Client Delays Decision
(DBN)

Frustrating Future For North Sea Oil
(DBN)

EIG CEO: Pacific Exploration Needs a Reorganization
(DBN)

The Weak Dollar Fueled Oil's Price Rise, Not Shale
(DBN)

Energy creditors get nasty lesson in asset values
(DBN)

Oil: US shale’s big squeeze
(DBN)

Oil's negative grip on stocks could be challenged
(DBN)

Saudi Arabia Will Be the Big Loser from the Plunge In Oil Prices
(DBN)

Just How Much of America’s Debt Does Saudi Arabia Own?
(DBN)

Saudi's Shale Mistake: You Can Price War A Company, An Industry, To Collapse But Not A Technology
(DBN)

Saudis 'will not destroy the US shale industry '
(DBN)

OPEC secretary: The glut wasn't our fault
(DBN)

Only America can save the oil market
(DBN)

New Study Shows China’s Oil Demand Slowing Down by Almost 60%
(DBN)

MBA: How will oil concerns impact housing?
(DBN)

Saudi Aramco expects oil prices to stabilize
(DBN)

____________

Distressed Investing:

Investors Pull $4.9 Billion From Corporate Junk-Bond Funds
(DBN)

____________

Autos:

Plaintiff Encouraged to Drop First GM Ignition-Switch Suit GM ignition switch suit dismissed, but company isn’t out of hot water just yet For GM in Deadly-Defect Cases, It’s One Down, Hundreds to Go
(DBN)

Problem With GM Test Case Emerged Early in the Trial
(DBN)

Elizabeth Cabraser Tapped to Lead VW Consumer Litigation
(DBN)

VW Given Deadline to Come Clean by Second-Biggest Shareholder
(DBN)

The secret history of GM’s Chinese bailout
(DBN)

____________

Electricity:

If Oncor Delivers Your Electricity, You've Been Warned
(DBN)

____________

Compensation:

A third of bonus-earners are expecting a bigger payout this year
(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 (30 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (27 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:

Las Vegas, Reno and Annual Bankruptcy Case Filing Statistics
(DBN)

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Miscellaneous:

The Week Ahead
(DBN)

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Rules:

Key Considerations for Bankruptcy Practitioners Regarding Amended Federal Rules of Civil Procedure
(DBN)

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Subordination:

Debt Investment Equitably Subordinated, Not Subject to Avoidance or Recharacterization
(DBN)

____________

Standing:

Bankruptcy Court Rules Parties Lack Standing, Reminds Litigants of the Parameters of §1109(b)
(DBN)

____________

Avoidance Actions:

Eleventh Circuit Accepts Broad Definition of the Term "Value" in the Context of Constructive Fraudulent Transfers
(DBN)

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Subordination:

Insider Loans Equitably Subordinated
(DBN)

____________

Discharge:

2nd Cir Holds Debtor Can Bring Post-Discharge FDCPA Claims in District Court
(DBN)

____________

Student Debt:

3 proposals from Elizabeth Warren and other Senate Dems to fix student debt
(DBN)

____________

Food/Beverage:

A&P continues efforts to sell stores, prepares for next phase of bankruptcy
(DBN)

Albertsons to pay $5.75M to settle $1B Haggen lawsuit
(DBN)

____________

Press:

Bankruptcy Judge Limits Probe of Bloomberg News Sources U.S. judge narrows probe into leaks to Bloomberg reporters
(DBN)

____________

Healthcare:

HealthSpot CEO, executive team salaries outstripped revenue
(DBN)

Feds find serious problems at Theranos lab
(DBN)

____________

Politics:

Ted Cruz Likes Being Hated In Reversal, Campaign Says Ted Cruz Does Have Health Insurance Ted Cruz's Tithing Problem Billionaire donors helped Cruz rise in GOP presidential bid How Ted Cruz Loses Friends and Influences People In Nine Trips to Supreme Court, Ted Cruz Saw Mixed Results Rick Perry Endorses Ted Cruz for President Young Ted Cruz
(DBN)

This Year's Iowa Caucuses Could Be the Wildest Yet
(DBN)

Trump or Cruz? No Sweat, Wall Street's Big Republican Donors Say
(DBN)

Republican Establishment Faces Double Headache GOP Establishment Takes Sides Between Trump and Cruz Why GOP establishment is warming up to Trump, for now
(DBN)

Tina Fey Returns as Sarah Palin on ‘SNL’ to Endorse Trump Palin's double-edged Trump endorsement National Review Kicked Out of GOP Debate After Anti-Trump Stand One tweet that captures the problem with National Review's anti-Trump crusade There's one huge problem with National Review's anti-Trump editorial Donald Trump’s response to National Review, in 3 tweets Trump-Cruz Rivalry Escalates, Goes on Air For Donald Trump, beating Cruz in Iowa is the key to a huge primary run Donald Trump Says He ‘Could Shoot Somebody’ and Not Lose Voters Why Trump Is Winning Over Christian Conservatives The Trump effect Why Donald Trump plays Phantom of the Opera at his rallies Trump: If I'm president, 'Christianity will have power' in the US Donald Trump says he uses 'every single thing in the book' to avoid paying taxes Donald Trump Wants 'Biased' Megyn Kelly To Skip the Next Debate Donald Trump Says Running for President Has Been Good for His Business Now Bob Gates Trashes Trump
(DBN)

Jeb Bush Defends Negative Campaign Ads Jeb Bush had the perfect response to Donald Trump taunting him for using 'mommy' in a campaign ad
(DBN)

Clinton, Sanders Play Up Wall Street Crackdown Plans Hillary Clinton Suggests Bernie Sanders Doesn’t ‘Deal in Reality’ Clinton Angers Iowa Fans for Waited for Hours
(DBN)

Clinton's Emails: A Criminal Charge Is Justified Report: Clinton Emails Contained Human Intelligence Classified At Highest Levels Hillary's Stumbling Cakewalk Hillary's Journey Hillary Is in Big Trouble Hillary Clinton's odd new Sanders attack shows the Democrats are a mess on foreign policy Hillary Clinton faces the same challenge that George H.W. Bush faced in 1988
(DBN)

Feeling the Bern: Why voters are turning to Sanders Bernie Sanders's America Here's what the tax code would look like if Bernie Sanders got everything he wanted How Bernie Sanders helped make an expensive city in Vermont permanently affordable Bernie Sanders: I can beat Michael Bloomberg and Donald Trump Sanders Fact Check: Donald Trump "thinks that climate change is a hoax, invented by the Chinese."
(DBN)

Ben Carson ‘Horrified’ By His Own Campaign Ad Ben Carson Cites Mom’s Influence in Surviving Campaign Meltdown
(DBN)

Michael Bloomberg Mulling Presidential Run as Independent Closer than ever to jumping into race for president Mixed reception As Bloomberg weighs White House run, Iowa voters ask, 'Who?' Bloomberg May Spend $1bn to be President Why now?
(DBN)

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Sovereigns:

Venezuela risks Argentina-style legal drama if it defaults Fears of Venezuela debt default rise
(DBN)

Argentina's Fix-It Man Is Slowing Down and Investors Are Worried
(DBN)

____________

UK:

British woman facing eviction found hanged next to note addressed to David Cameron
(DBN)

Mark Group administrators get £2 million while creditors get nothing
(DBN)

Insolvencies at UK oil services groups jump
(DBN)

Credit Suisse: Here's just how disastrous a Brexit could be for the UK economy
(DBN)

____________

EU:

Market Turmoil Hinders European Banks' Recovery
(DBN)

European stocks gain most in nearly 4 months on QE hopes, oil spike
(DBN)

Europe Stocks Halt Rally as Oil Producers Fall With Italy Banks
(DBN)

____________

PIIGS:

Italy bank runs could be the 'Northern Rock' signal of global financial meltdown What’s the Future for Italy’s Bad Banks? Italy's Rescued Banks to Draw `Long List' of Bids, Chairman Says A Fix for Italy's Banks Can't Wait
(DBN)

Italian Finance Minister on Banks, Reform Agenda
(DBN)

Italian Finance Minister Calls for Caution on Eurozone Financial Reforms
(DBN)

Italy's Padoan Says Bad Bank Talks Move Ahead Amid New NPL Plan
(DBN)

3 centuries of booms and busts in Spain
(DBN)

So Many Bribes, a Greek Official Can’t Recall Them All
(DBN)

S&P upgrades Greece by 1 notch to B-, outlook stable
(DBN)

____________

China:

Don't blame China for US market woes: Economist
(DBN)

China Shanshui Cement defaults on 1.8 b yuan bond
(DBN)

____________

Venezuela:

Fears of Venezuela Default Grow Amid Drop in Oil Prices
(DBN)

Caracas risks legal drama if it defaults
(DBN)

____________

Brazil:

Nearly 50 Brazilian cities cancel carnivals over money woes
(DBN)

Petrobras Rescue Could Cost Brazil $21 Billion, Citigroup Says
(DBN)

____________

India:

India’s optimism blurred by economic gloom
(DBN)

____________

Austria:

HETA Creditors Reject Austria's Settlement Offer
(DBN)

____________

Ukraine:

Ukraine Debt Deal With Russia Still Possible, Finance Chief Says
(DBN)

____________

Australia:

Clive Palmer and the nickel refinery collapse that wasn't Clive Palmer nickel refinery 'insolvent trade' doubt
(DBN)

Sherwin fights to shield payout
(DBN)

Defunct Dick Smith, David Jones Deal Was 'Lipstick On A Pig'
(DBN)

If You Got Paid By Soundwave Recently, You May Be Sued To Get The Money Back
(DBN)

____________

Russia:

Russian GDP shrinks 3.7% as oil slumps
(DBN)

____________

Japan:

While all eyes are on China, the world's 3rd-biggest economy is also sliding — badly
(DBN)

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