January 5, 2016

The Daily Bankruptcy News

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Law:

Dominant New York corporate law firms increase market share
(DBN)

Proposed merger between Dickstein and Bryan Cave is reportedly nixed
(DBN)

Thompson Hine Elects New Bankruptcy Partner
(DBN)

Lawyer who reviewed 13,000 documents in two months isn’t entitled to overtime pay, judge rules
(DBN)

Hogan Lovells Announces 24 Promoted to Partnership and 45 Promoted to Counsel, 1 New Counsel Is Restructuring Lawyer
(DBN)

Womble Carlyle Adds Bankruptcy Partner
(DBN)

2015, A Year in Review for the Legal Business
(DBN)

Will technology create a lawyer ‘jobs-pocalypse’? Naysayers overstate impact, study says
(DBN)

Bitter Attorney Drives Receptionist Out Of Law Firm
(DBN)

Former Dickstein Bankruptcy Partner Joins Litigation Boutique
(DBN)

Holland & Knight Announces 31 New Partners
(DBN)

Bankruptcy Lawyer: Why Rest Is Critical For Good Lawyering
(DBN)

It Is Possible To Be A Lawyer And A Good Person
(DBN)

ATL Holiday Card Contest: The Winner!
(DBN)

Law School Sends Acceptance Letters To People Who Never Even Applied
(DBN)

Want to attend a law school with better job and bar-exam outcomes? It will cost you
(DBN)

Bankruptcy Game Changing - Implications For Law Firms Predictions For 2016
(DBN)

Even Biglaw Lawyers Deserve Love
(DBN)

Breakthrough technologies of 2016
(DBN)

9 everyday behaviors that make you look dumber than you really are
(DBN)

Lawyer who reported client threats is suspended for failing to file appeal on client’s behalf
(DBN)

Judge dismisses New York woman’s DWI because her body brews its own alcohol
(DBN)

People are mocking the Oregon ‘militants’ who have taken over a federal building by calling them 'YallQaeda' and 'VanillaISIS' Oregon militia takeover: What you need to know Oregon militia leader vows to defend occupation Ted Cruz tells Oregon’s militant protesters to “stand down peaceably” Burns, Oregon residents' message to militia: 'Go away' Angry Radicals? Welcome to the Northwest Militia: Free Land? Already It's a 93% Discount
(DBN)

“Stare At It and Grab It”: New Hampshire Legislator Sends Bizarre Tweet
(DBN)

Petitions to pardon 'Making a Murderer' convict Steven Avery have amassed almost 200,000 signatures President Obama can't pardon Making a Murderer's Steven Avery Local sheriff says 'Making a Murderer' 'manipulated' the story of Steven Avery's arrest
(DBN)

The world is going crazy for the lawyers from Netflix’s ‘Making a Murderer’
(DBN)

Women seeking divorce were coerced into s-- with Oklahoma City process server: officials
(DBN)

‘Revenant’ author wrote the book as a Mayer Brown partner
(DBN)

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Judges:

Chief justice: Judges and lawyers should heed speedy justice idea in ‘big deal’ civil rule changes
(DBN)

Scalia: God has been good to US because ‘we have done him honor’
(DBN)

Class Claims PACER Overcharges for Records
(DBN)

Senate a major roadblock for next president’s Supreme Court picks
(DBN)

Supreme Court, in Recusal Case, May Find Itself Looking Inward
(DBN)

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Wall Street:

Wall Street set for a rough day as investors brace for ‘wild swings’
(DBN)

Wall Street reels under China shock Dow industrials haven’t started the year this horribly in 84 years Global stock sell-off: Dow plunges more than 400; S&P back below 2000
(DBN)

The first day of 2016 couldn't have been much worse for European markets
(DBN)

Will stock market’s house of cards collapse in 2016?
(DBN)

Kovacevich warns market bubbles may burst in 2016
(DBN)

5 Reasons to Be Scared of the Market Selloff
(DBN)

A bear market in stocks just became more likely Will the stock market’s house of cards collapse in 2016?
(DBN)

JPMorgan strategist: Stop buying the dips
(DBN)

Stocks Could Crash by 50%
(DBN)

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Layoffs:

 

National and State by State Unemployment Rates
(DBN)

Animated Map of Unemployment
(DBN)

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Celebs:

Scott Storch Sued by Partners Bankrolling Music Producer's Comeback
(DBN)

Charges against Bill Cosby ‘scraped in under the wire’ Bill Cosby Acts Enfeebled: Worst Acting Ever
(DBN)

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Pharma:

Lessons Learned From The KaloBios Fiasco
(DBN)

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Wine:

Facing Irate Consumers and Possible Bankruptcy, California Wine Store Closes Its Doors
(DBN)

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Banking:

Doral Financial Seeks to Remain in Control of Bankruptcy Case
(DBN)

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Finance:

US Leveraged Loans Return -0.69% in 2015
(DBN)

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Tax:

2016 Brings IRS Power Over Passports, Use Of Private Debt Collectors
(DBN)

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Broker-Dealers:

RCS To File for Bankruptcy; Bondholders Provide $150M for Cetera Restructuring
(DBN)

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Economy:

Manufacturing in U.S. Contracts at Fastest Pace in Six Years ISM Manufacturing index decreased to 48.2 in December
(DBN)

The U.S. Economy’s Latest Growth Is Looking Increasingly Frail
(DBN)

Construction spending falls
(DBN)

Study: Credit Card Issuers Continue to Focus on Consumers with Existing Debt
(DBN)

U.S. Consumer Spending Averages $99 in December
(DBN)

Economy lost steam at end of year, Atlanta Fed signals
(DBN)

China, euro zone factories suggest global economy still fragile
(DBN)

IMF Chief Economist’s 2016 Warning: Watch Out for China and Emerging-Market Volatility
(DBN)

How Will the U.S. Fare in 2016 and Beyond? Top Economists Break Out Their Crystal Balls
(DBN)

Fischer Worries Fed Can't Head Off or Contain Financial Crises
(DBN)

Fed’s Williams sees up to 5 rate hikes this year
(DBN)

Fed’s Mester sees pickup in growth in 2016 Fed's Mester Shrugs Off Stocks Drop
(DBN)

'Stagflation': Ghost of '70s could make return
(DBN)

One of the world's most reliable economic indicators has bad news about all major markets
(DBN)

The trendiest tracker of US economic activity has bleak news about the fourth quarter
(DBN)

These are the biggest risks facing the world in 2016
(DBN)

Why Economists Took So Long to Focus on Inequality
(DBN)

5 black swans for 2016
(DBN)

Why US Corporations are Fleeing
(DBN)

US Debt Clock
(DBN

Economic Indicators Dashboard
(DBN)

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Real Estate:

Home prices keep rising, now just 5% off pre-crisis peak House Price Index up 0.2% in October, Up 5.5% year-over-year
(DBN)

Construction Spending decreased 0.4% in November, Up 10.5% YoY
(DBN)

It now costs $1.15 million to buy a Manhattan home
(DBN)

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Municipalities:

Puerto Rico's General-Obligation Bonds Rally as Default Averted
(DBN)

Puerto Rico to Skip Some Payments, Likely Prompting Turmoil
(DBN)

Puerto Rico gov: Prepping for legal action
(DBN)

Puerto Rico Unions Sink to New Lows for Christmas Bonus
(DBN)

Puerto Rico prepares for legal action from creditors After defaults, Puerto Rico braces for lawsuits
(DBN)

Puerto Rico's Second Default Raises Questions
(DBN)

Puerto Rico Bond Defaults Early Reminder To Investors: Return Does Not Come Without Risk
(DBN)

How Not to Fix a Fiscal Crisis: Puerto Rico’s Population Loss Accelerates
(DBN)

Where’s the Long-Term Plan for Puerto Rico’s Fiscal Crisis?
(DBN)

Atlantic City May Go Bankrupt If Ordered to Refund Borgata
(DBN)

San Bernardino Plan Cuts Pensions of 23 Retirees
(DBN)

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Hollywood:

Relativity Creditors Accept Reorganization Plan Relativity Media Creditors ' Committee Endorses Plan
(DBN)

Relativity Media: 10 Questions on the Future of Ryan Kavanaugh’s Company
(DBN)

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Oil/Gas:

Tues.: Oil reverses gains as supply worries weigh
(DBN)

Bust is taking hold in the oil patch
(DBN)

For oil field services companies, 2016 will be a “roller coaster ride”
(DBN)

Sharp oil spending cuts, distressed sales to loom over 2016
(DBN)

Swift Energy Bankruptcy Sale May Hinge on Fast Loan Approval Struggling Houston driller files Chapter 11 Swift Energy Launches Bankruptcy Turnaround Bid
(DBN)

Kyle Bass: There's a 'massive opportunity' in energy
(DBN)

Moody’s Sees Oil and Gas Capex Down 20% to 25% in 2016
(DBN)

Shale Hoard Behind U.S. Energy Renaissance Set Loose on Globe
(DBN)

The next casualty in Saudi Arabia's oil price war might be its own economy
(DBN)

Saudi-Iran conflict may result in fresh flood of oil The Saudis vs. Iran: Why there won't be an oil war
(DBN)

Saudi Arabia: At the Brink of Falling into Economic Quick Sand
(DBN)

Oil tankers enjoy booming earnings
(DBN)

Leveraged Loan Default Rate Hits 9-Mos High in Dec. Thanks to Energy Sector
(DBN)

Oil Price Fall Threatens Houston Home Prices
(DBN)

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Resorts:

Pointing Fingers in the $3.5 Billion Failure of Baha Mar Resort
(DBN)

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Education:

Famous Harvard professor says 'sense of humor has disappeared from college campuses'
(DBN)

The 20 US public colleges that offer the best value for your money
(DBN)

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Healthcare:

Bowie Memorial board signs off on hospital sale: 5 things to know
(DBN)

Michigan physician-owned hospital's bankruptcy stretches into 2016
(DBN)

Go Ye Village cuts 25 jobs; executive director out
(DBN)

Johnson Memorial Now Part Of Trinity Health New England
(DBN)

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Radio:

Report: Is iHeartMedia Restructuring Being Forced By Creditors?
(DBN)

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Gambling:

Defunct Atlantic Club casino hotel back on the market
(DBN)

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Religion:

Archdiocese has buyers, bidders for multiple properties
(DBN)

Diocese of Duluth Sets May Deadline for Abuse Claims
(DBN)

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Corporate Reform:

Prepare for a Dodd-Frank Repeal Fight
(DBN)

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New Bankruptcy Opinions
(8 new opinions today - DBN)

Bankruptcy Court Web/Pacer Site Directory

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

Recent Ch. 11 Filings (2 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (5 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 NH bankruptcy filings set record annual low
(DBN)

Toledo-area bankruptcy filings drop 11%
(DBN)

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Trustees:

11th Circuit Says South Florida Bankruptcy Trustee Overreached
(DBN)

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Sales:

‘Cash For Life’ winnings hit auction block
(DBN)

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Insurance:

McCarran-Fer-get About It: Insurance Rehabilitation Proceeding Does Not Reverse-Preempt Bankruptcy Court Jurisdiction, Says S.D.N.Y. Bankruptcy Court
(DBN)

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Subordination:

United States Court of Appeals for the Second Circuit Holds That Claims Arising from Securities of a Debtor's Affiliate Must Be Subordinated to Senior or Equal Claims of the Same Type as the Underlying Securities
(DBN)

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Politics:

Government Named Top U.S. Problem for Second Straight Year
(DBN)

Hillary Clinton confronts GOP lawmaker heckling her at a rally Clinton's Shrewd Plan to Stop Inversions
(DBN)

How the Donald came back from the financial brink Trump: 'Pretty soon you won't be able to get guns' Bill Clinton jabs Donald Trump as he hits the campaign trail for Hillary 'Hillary was an enabler': Donald Trump defends bringing up the Monica Lewinsky scandal How Donald Trump Cut Deals to Avoid Bankruptcy in 1990s How Donald Trump Blew It Trump not backing off Muslim ban, Mexican wall Donald Trump's first TV ad shows migrants 'at the southern border,' but they're actually in Morocco
(DBN)

How A Blog About Donald Trump Is Going To Change Your Life In 2016
(DBN)

7 things I learned attending Ted Cruz campaign events
(DBN)

Clinton Takes a Swing at Sanders' Wall Street Plan—Before He Unveils It Sanders to warn Wall Street: ‘Greed is not good’
(DBN)

Ted Cruz Super PAC Ad Questions Whether Marco Rubio Serious Enough to Be President
(DBN)

Marco Rubio, Chris Christie Paint GOP Opponents as Untested, Unaccomplished
(DBN)

Ben Carson Tax Overhaul Includes Flat Rate, End to Top Deductions
(DBN)

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Autos:

The US government is suing VW for emissions cheating VW Could be Hit with $18bn in US Fines VW Scandal Could Cost $60bn Just in the US Congress May Give VW a Free Pass
(DBN)

Honda won't lend more money to exploding-airbag maker Takata
(DBN)

Mary Barra assumes combined chairman and CEO role at GM
(DBN)

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Hedge Funds:

Hedge fund closures are going to hit 'an all-time high'
(DBN)

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Fraud:

Trustee Strikes $25 Million Settlement With Madoff Investor
(DBN)

Former MF Global CEO Claims CFTC Charges Against Him Are Meritless.
(DBN)

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Sovereigns:

Will 2016 be a year of sovereign-debt defaults?
(DBN)

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UK:

Seven of UK’s top 10 banks pay no taxes
(DBN)

Bank rescues: putting bondholders on the hook
(DBN)

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EU:

Roubini: Disintegration of Europe is big 2016 threat
(DBN)

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PIIGS:

Greek resort in €400m sale as Tsipras digs in heels on pensions
(DBN)

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Germany:

German unemployment edges up to 6.1 percent in December
(DBN)

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China:

China’s rigged markets could fall much further
(DBN)

Norms for banks to seek bankruptcy protection soon
(DBN)

China 2016: Another Year of Bad Loans
(DBN)

China's new circuit breaker may have worsened drop
(DBN)

China slowdown to hit luxury real estate
(DBN)

China's economy hangs on three huge 'ifs' and none of them are the stock market
(DBN)

The China stock disaster trade up nearly 10%
(DBN)

What could push rigged China markets lower
(DBN)

Fed’s Mester says China isn’t big risk to U.S.
(DBN)

China Battles to Shore Up World's Priciest Stock Market
(DBN)

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Brazil:

Brazil Heads for Worst Recession Since 1901, Economists Forecast
(DBN)

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MENA:

'Saudi Arabia is in serious trouble, and they know it'
(DBN)

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Ukraine:

Ukraine Ready for Court Fight With Russia Over $3 Billion Bond
(DBN)

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Austria:

Austrian Supreme Court: Pending arbitration stayed due to insolvency proceedings
(DBN)

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