January 5, 2016

The Daily Bankruptcy News

View prior editions: Click Here
View prior case summaries: Click Here
Search prior headlines: Click Here
Search prior case summaries: Click Here

3-Column Formating

 

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)

______________

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)

______________

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)

______________

Layoffs:

 

National and State by State Unemployment Rates
(DBN)

Animated Map of Unemployment
(DBN)

______________

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)

____________

Pharma:

Lessons Learned From The KaloBios Fiasco
(DBN)

____________

Wine:

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

____________

Banking:

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

____________

Finance:

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

____________

Tax:

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

____________

Broker-Dealers:

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

____________

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)

______________

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)

____________

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)

____________

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)

____________

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)

____________

Resorts:

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

____________

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)

____________

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)

____________

Radio:

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

____________

Gambling:

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

____________

Religion:

Archdiocese has buyers, bidders for multiple properties
(DBN)

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

____________

Corporate Reform:

Prepare for a Dodd-Frank Repeal Fight
(DBN)

____________

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)

______________

Bankruptcy Statistics:

2015 NH bankruptcy filings set record annual low
(DBN)

Toledo-area bankruptcy filings drop 11%
(DBN)

______________

Trustees:

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

____________

Sales:

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

____________

Insurance:

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

____________

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)

____________

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)

____________

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)

____________

Hedge Funds:

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

____________

Fraud:

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

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

____________

Sovereigns:

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

____________

UK:

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

Bank rescues: putting bondholders on the hook
(DBN)

____________

EU:

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

____________

PIIGS:

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

____________

Germany:

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

____________

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)

____________

Brazil:

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

____________

MENA:

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

____________

Ukraine:

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

____________

Austria:

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

____________

 


The Daily Bankruptcy News is primarily a curated news link gathering service.   Most of the headlines contained in the publication are a collection of links to stories posted on the Internet by various third party publications.  Such content is owned by third party sources, not The Daily Bankruptcy News, and in some cases, these links change or expire, which means you may not be able to view some news stories in prior editions of the Daily Bankruptcy News. The DBN subscription fee is not a fee for access to the content of the links, but is a charge for the considerable work involved in gathering, organizing and presenting the links. Use of this site and The Daily Bankruptcy News is subject to our Terms of Use. If you received The Daily Bankruptcy News via email (and you have a paid subscription account), to view a news story, click on the headline, and the story should open in your web browser. To view additional stories, click back to the email and click on additional headlines, which will cause new stories to open in your web browser.  You can view the Daily Bankruptcy News on the web by clicking here.

Advertising
Advertising is available in The Daily Bankruptcy News. Click here for details  Feel free to contact us with any questions.

Passwords/Subscriptions
Access to certain links in The Daily Bankruptcy News is available only to readers holding a paid service subscription. These links are currently marked with a "DBN" notation. The cost of a subscription is $62/year, payable annually.  Volume discounts are available for sites with multiple users. Click here to see a schedule of discounts. Complimentary subscriptions are available for full-time educational and governmental employees and for full time students. For information about discounts or educational/governmental subscriptions, contact us by clicking here. A separate password is required for each member of a firm wishing access to restricted links.

New readers can receive a free password good for 30 days by clicking here. 30-day passwords are not available to readers who have previously had a password, even if the password was associated with a different email address used by the reader. Refunds are not available after purchase.

Readers who wish to change their passwords should click here. Readers who have forgotten their password should click here.

Adding Your Email Address To The Distribution List
If you would like to start receiving The Daily Bankruptcy News by email each day, click here, and fill in the information requested. There is no charge to be placed on the distribution list to receive the headlines, although access to many of the links behind the headlines requires a paid subscription (see above, under Passwords). If, after adding your email address to the distribution list, you do not receive an email confirming the addition, please contact us by clicking here for help.

Removing Your Email Address From The Distribution List
If you already receive The Daily Bankruptcy News by email and you wish to remove your email address from the distribution list, click here and send the email that should appear. You do not need to type anything in the body of the email message. Note that the email asking for removal must be sent from the same email address which is on our distribution list. If you do not receive an email confirming deletion of your email address from the distribution list, contact us by clicking here for help.

If receive the publication forwarded from an older email address, you will need to contact us as described below for help removing that older address from our distribution list.

Press Releases/News Tips
Please send press releases and news tips to admin@bkinformation.com

Contact Us
The Daily Bankruptcy News is published each business day by BKINFORMATION.COM, L.L.C. You can reach us at 281-402-3957 or at accounting@bkinformation.com (email inquiries are usually answered substantially more quickly than phone inquiries). Our mailing address is 935 Eldridge Road, No. 350, Sugar Land, Texas 77478.

Copyright 2016