March 23, 2016

The Daily Bankruptcy News

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3-Column Formating

 

Law:

Elite New York firms see slower growth in 2015
(DBN)

U.S. News Data: Law School Costs, Starting Salaries For Grads
(DBN)

Law Firms in Brussels “Soldiering On” After Bombings • Bombs Exploded in Brussels as In-House Lawyers Arrived • Brussels Blasts Disrupt Big Law Business •Thoughts From a Georgia Lawyer in Brussels
(DBN)

Hiring A Paralegal To Babysit Your Kid
(DBN)

On a ‘lateral hiring spree,’ Holland & Knight acquires 10 lawyers from Greenberg Traurig
(DBN)

Technology In Trial (Part 2): How To Do Openings And Closings
(DBN)

The Law Schools With The Highest (And Lowest) LSAT Scores
(DBN)

‘Scaliagate’ Continues: A Professor Brings A Defamation Action Against His Dean
(DBN)

Beyond Biglaw: 3 Reasons Law Firms Are Not Safe Spaces
(DBN)

Overt and subtle tactics to get your friends and coworkers to put away their phones
(DBN)

Members Of The Legal Profession Must Practice Patience
(DBN)

Too many of us make the same mistake with our to-do lists — and it ruins our productivity
(DBN)

Bangladesh central bank weighs lawsuit against NY Fed over massive cyber heist • Bangladesh Bank Says the New York Fed Had a 'Major Lapse'
(DBN)

Former BigLaw lawyer is accused of stealing $2M from elderly client in sham real-estate transaction
(DBN)

Mom shot by son, 4, could face criminal case
(DBN)

Tallahassee Police Release Reports In Hopes Of Generating Fresh Leads In Investigation Of Dan Markel's Murder
(DBN)

Uber driver who bought $40K vehicle just before bankruptcy gets $10K loan shortfall discharged
(DBN)

The Hogan Verdict - The Backstory
(DBN)

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Judges:

Simpson Partner Chosen to Be U.S. Bankruptcy Judge
(DBN)

Feds Paid Judges $350M in Back Pay
(DBN)

Sarah Palin signs deal for a 'Judge Judy'-style reality courtroom show • Sarah Palin is trying to become Judge Judy. This should surprise exactly no one.
(DBN)

Inside Mitch McConnell’s Brain
(DBN)

Scalia’s Absence at Supreme Court Looms Large • U.S. High Court Splits 4-4 for First Time Since Scalia Death
(DBN)

A Supreme Deadlock
(DBN)

High Court Rulings Give Glimpse of Post-Scalia World
(DBN)

Judge of bogus ‘postal court’ files purported judgments, claims only nouns have legal meaning
(DBN)

Judge Disqualifies Firm That Sought To Represent Both Sides With Stern Benchslap
(DBN)

On divided court, female justices form powerful new bloc
(DBN)

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Wall Street:

U.S. stocks muted ahead of home sales data
(DBN)

Global stocks dip, safe-haven assets climb after Brussels attacks
(DBN)

UBS: Sell stocks now!
(DBN)

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Layoffs:

Credit Suisse is slashing another 2,000 jobs
(DBN)

National and State by State Unemployment Rates
(DBN)

Animated Map of Unemployment
(DBN)

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Politics:

Trump responds to Brussels attack by insulting the ‘city’ of Belgium — and calling for torture • Donald Trump dismisses 'eggheads' who developed international laws banning torture
(DBN)

The Only Cure For Terror Is More Terror — According To Republicans Running For President
(DBN)

Attacks Will Jolt U.S. Election
(DBN)

Ted Cruz wants police empowered to 'patrol and secure Muslim neighborhoods' after Brussels attacks • Experts say Ted Cruz’s plan to “patrol and secure Muslim neighborhoods” is counterproductive and unconstitutional • NYPD spokesman slams Ted Cruz for 'incendiary' counterterrorism proposal • What Beans Does Donald Trump Have on Ted Cruz's Wife?
(DBN)

Experts see little chance of charges in Clinton email case • Law Professor Explains Why Hillary Clinton "Won't Be Indicted And Shouldn't Be" Over Her Email Server
(DBN)

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Mass Torts:

In Asbestos Bankruptcy Settlement, Conflicts & Racketeering Clouds Loom
(DBN)

Asbestos Lawyers Accused Of Racketeering Close To Settlement
(DBN)

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Aviation:

Republic Airways Can Use Bankruptcy to Return Embraer Planes
(DBN)

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Taxis:

Judge Cancels Loan Debt for Illinois Man Who Upgraded Cars for Uber
(DBN)

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Shipping:

Hyundai Merchant Marine seeks self-rescue measures • Creditors expected to roll over Hyundai Merchant's debt
(DBN)

Two senior officials of Sainty Marine quit
(DBN)

Eagle Bulk extends forebearance period with creditors
(DBN)

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Food/Beverage:

Defense claims proof of misconduct in kosher executive case
(DBN)

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Autos:

5 Warning Signs for U.S. Auto Industry
(DBN)

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Satellites:

Satellite Pioneer That Broadcast Moon Walk Now Groans Under Debt
(DBN)

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Lehman:

Former Lehman CFO who once regretted ‘extreme’ focus on work writes of ‘happier’ life in new book
(DBN)

____________

Celebs:

Confidentiality Agreements Can’t Help Cosby
(DBN)

Fort Dix prison getting 'Housewives' star as inmate • FCI Fort Dix Won't Be A 'Walk In The Park' For 'RHONJ' Star • Joe Giudice Says Goodbye to Family and Friends Before Prison: Inside His Tearful Going Away Party • Faces prison, then deportation
(DBN)

Still Broke! New Bankruptcy Filing Reveals Gary Dourdan Has Negative Balance Of $500
(DBN)

Former money adviser to Scottie Pippen gets 3 years for fraud
(DBN)

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Newspapers:

Even for ailing newspapers, U.S. says a monopoly Is a monopoly
(DBN)

____________

Debt Collection:

SCOTUS argument preview: Does the Fair Debt Collection Practices Act apply to state-appointed “special counsel”?
(DBN)

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Economy:

BlackRock Says There Won't Be a U.S. Recession, Cut Treasuries
(DBN)

Richmond Fed: Manufacturing Sector Activity Expanded in March
(DBN)

Consumer Spending Grows in January
(DBN)

Helicopter Money Takes Flight as Latest Drastic Monetary Idea
(DBN)

Fewer of us save, more are confident of retirement. Are we crazy? • Proof that saving at the last minute won't save your retirement
(DBN)

Men in the U.S. Illegally Are More Likely to Work Than Men Born Here, For Less
(DBN)

IPOs and merger activity collapsed to start 2016
(DBN)

Proof Perfect That The Minimum Wage Costs Jobs From New York
(DBN)

The Unemployment Rate for Veterans Is the Lowest in Seven Years
(DBN)

Democrats Gear Up to Fight GOP's Anti-Poverty Push
(DBN)

Chemical Activity Barometer Expands in March
(DBN)

US Debt Clock
(DBN

World Debt Clock
(DBN)

Economic Indicators Dashboard
(DBN)

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Real Estate:

America isn't building enough homes for first-time buyers • “Shortfall” in Single-Family Production Almost All in Moderately Sized Homes
(DBN)

Ahead of the Bell: US new-home sales
(DBN)

Mitigating the Foreclosure Crisis with Bankruptcy Mortgage Modifications
(DBN)

Existing Home Sales, Table of Distressed Sales for Selected Cities in February
(DBN)

Delinquency rate lowest since April 2007
(DBN)

FHFA's Watt: Principal reduction is 'most challenging' decision agency faces • Decision on Mortgage Relief Seen in 30 Days, FHFA's Watt Says
(DBN)

Humans of New York puts a face to foreclosure troubles
(DBN)

SEC to Probe Mortgage Servicing Fees Tied to Soured Debt
(DBN)

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Municipalities:

Puerto Rico Gets Mixed Reception at U.S. Supreme Court • Argument analysis: If only Congress had taken the time to explain . . . • Liberal U.S. justices lean toward Puerto Rico in debt case • US supreme court signals support for bill to relieve Puerto Rico of $70bn debt • The Supreme Court Could Throw A Lifeline To Debt-Swamped Puerto Rico • Justices grapple with bankruptcy law in Puerto Rico case • Puerto Rico Fights for Chapter 9 Bankruptcy in Supreme Court
(DBN)

SCOTUS Argument Transcript
(DBN)

Hoyer: Dems' support for Puerto Rico measure hinges on bankruptcy protection
(DBN)

All Puerto Rico debt needs restructuring- U.S. Treasury chief
(DBN)

Christie to Atlantic City mayor: Cooperate or face bankruptcy • Christie: New Jersey won't loan money to Atlantic City • Taxpayers Won't Rescue Atlantic City • Gov. Christie: Speaker Prieto Is Playing Political Games With Atlantic City • Christie Holds Firm on Atlantic City
(DBN)

Atlantic City fire fighters, police won't get paid during government shutdown
(DBN)

New Jersey's Credit Rating Outlook Revised to Negative by S&P
(DBN)

Detroit Is Blaming Its Woes on a Mythical Imp Called the Nain Rouge
(DBN)

Michigan Senate approves $715M DPS package • DPS deal offers hope for Detroit kids
(DBN)

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Oil/Gas:

Weds.: Oil Prices Edge Lower Amid Uncertainty on Global Supply • Oil drops as traders grow wary ahead of key stockpile news • Oil price stuck as IEA brands supply deal 'meaningless'
(DBN)

Oil Prices Struggle To Move Beyond $40
(DBN)

At what point bankruptcy for oil and gas companies?
(DBN)

Many Energy Companies Flirt with Bankruptcy and May Run Out of Options
(DBN)

Transocean, Schlumberger See Oil Industry Recovery Delayed
(DBN)

Outlook for The US Offshore Industry Is Darkening
(DBN)

EIA: Half of U.S. Lower 48 oil production comes from 2-year-old wells
(DBN)

Here Come the DUCs
(DBN)

Linn Energy Plays Let's Make A Deal • Linn Energy/LinnCo Exchange To Precede Bankruptcy
(DBN)

In oil rout, some U.S. energy bosses were spared the pain
(DBN)

Emerald Oil files for Chapter 11 bankruptcy protection • Emerald Oil becomes latest victim of low oil prices, files for bankruptcy protection
(DBN)

The Oil Rally Won't Save These Companies
(DBN)

Templar Energy Defers Interest Payment on 2nd-Lien Leveraged Loan
(DBN)

Scramble for oil storage extends, suggesting excess has room to run
(DBN)

SABIC: Oil market reaching point of "stability"
(DBN)

On the Street, all eyes are on the numbers for oil
(DBN)

Junk Bond Traders Are Really Oil Traders Now as Markets Converge
(DBN)

Oil Plunge Pushes PetroChina Profit to Lowest Since 1999
(DBN)

____________

 

Pharma:

A Wall Street analyst went scorched earth on Valeant • Valeant Turns Crisis Into Farce • Everyone is comparing Valeant to the wrong corporate implosion • Could a Bausch & Lomb IPO help save debt-laden Valeant • Valeant Losses Could Hit Retirement Plans
(DBN)

Martin Shkreli’s Holdings in KaloBios Could Be Diluted Through Loans
(DBN)

____________

Retailing:

The 4 worst-performing apparel retailers in the industry
(DBN)

Retailer plans for a comeback after $19M debt
(DBN)

____________

Alternative Energy:

Sunedison falls on talks with creditors • SunEdison engages in DIP talks with second lien holders • SunEdison: What The Convertible Senior Notes Prices Indicate About Bankruptcy And Restructuring • The End Is Seemingly Approaching Fast For SunEdison - Expect The Company To File For Bankruptcy Protection On Short Notice • SunEdison: Bankruptcy , Restructuring, Or Something Else?
(DBN)

____________

Advisors:

SierraConstellation Partners Expands into the Southwest - New Offices in Houston and Dallas Will Meet Growing Need for Restructuring Experts
(DBN)

____________

Ethanol:

Ethanol Bust Adds to U.S. Fuel Glut and Losses Across Corn Belt
(DBN)

____________

Tech:

Judge Approves Bankruptcy Lifeline for Jumio
(DBN)

____________

Education:

Stop Blaming Colleges for Higher Education’s Unaffordability
(DBN)

Parents' borrowing to send kids to college is skyrocketing
(DBN)

____________

New Bankruptcy Opinions
(2 new opinions today - DBN)

Bankruptcy Court Web/Pacer Site Directory

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

Recent Ch. 11 Filings (24 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (20 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)

______________

Claims Trading:

Bankruptcy Claims Trader Demands Cash as Nortel Fights Rage On
(DBN)

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Miscellaneous:

2016 March Madness: Weil Bankruptcy Blog’s Final Four
(DBN)

____________

Professional Compensation:

Rents: The Battle Over Use of Rents to Pay Professionals
(DBN)

Judge Rejects Baker Botts Fee Proposal in New Gulf Bankruptcy
(DBN)

____________

SCOTUS:

Supreme Court hits first post-Scalia deadlock in bankruptcy case • Summary • Argument analysis: Justices dubious of longstanding protections for spouses forced to guarantee each other’s debts • U.S. Supreme Court unable to decide whether ECOA protects spousal guarantors • Supreme Court splits 4-4 in loan case alleging marital-status bias; circuit split remains
(DBN)

____________

Mediation:

Local Mediation Rules Revoked in Chicago Bankruptcy Court?! Insights From a Chicago Mediator
(DBN)

____________

Bankruptcy Reform:

Will Congress Finally Act? The ABI Commission on Business Bankruptcy Reform: Exiting the Case – Changes to the Plan Confirmation Process
(DBN)

____________

Avoidance Actions:

Southern District of New York Bankruptcy Court Rules That Avoidance Powers Apply Extraterritorially
(DBN)

____________

Plan Confirmation:

The Sixth Circuit Weighs In on Artificial Impairment Under a Chapter 11 Plan
(DBN)

Artificial Impairment, Artificial Confirmation
(DBN)

____________

Make-Whole:

Energy Future Wins Round Two in Fight to Skirt Liability for Make-Whole Premiums
(DBN)

____________

Cross-Border:

Chapter 15 Recognition Denied Due to COMI Manipulation Scheme to Evade U.K. Judgment
(DBN)

____________

 

TBTF:

Coalition of Unions, Consumer Groups Press Regulators on Banks’ ‘Living Wills’
(DBN)

____________

Insurance:

The intersection of bankruptcy and directors’ and officers’ liability insurance
(DBN)

____________

Coal:

Big Coal Is Bankrupt . Who Will Pay to Clean Up Its Mess?
(DBN)

The Decline in the US Coal Industry
(DBN)

____________

Sovereigns:

Hidden costs of holdouts bill...
(DBN)

Argentina names banks for bond offer
(DBN)

Argentina Urges Appeals Court to Let It Pay Restructured Debt
(DBN)

10 Most Cringeworthy Moments In US- Argentine History
(DBN)

A Talmudic Bankruptcy Solution: The CCC Principle
(DBN)

Sovereign Debt Update
(DBN)

____________

UK:

KPMG update on Alpari UK bankruptcy : Client funds shortfall expected between $20-22 million • Alpari UK Bankruptcy a Year Later: Costs Rising, CMP Shortfall up to $22 mln
(DBN)

Fate of BHS to be decided by creditors in crucial vote • BHS edges closer to potential rescue
(DBN)

U.K. February Deficit Leaves Full-Year Forecast in Jeopardy
(DBN)

`Brexit' May Lead to Downgrades and Slower Economy, Moody's Says • Brexit just took the lead in the polls — and now the pound is slipping
(DBN)

Legal sector worth £26bn to UK economy • Lawyers responsible for 8,000 additional jobs
(DBN)

Insolvency laws consolidated in new Bankruptcy Scotland Bill
(DBN)

____________

EU:

Shares in European airlines and hotels plummeted after terrorist attacks in Brussels • Belgian police release image of the suspects • This detail about how the suspected Brussels suicide bombers wore their gloves might have been a giveaway • Belgium is overwhelmed
(DBN)

____________

PIIGS:

Abengoa raises €137m in emergency loans • Abengoa ADSs Jump 13% as More Creditors Support Restructuring Plan • Spain's Abengoa seen winning more time for bankruptcy talks
(DBN)

Tsakalotos eyes debt deal next month • Greek Finance Minister Upbeat on Bailout Deal within a Month
(DBN)

____________

Canada:

Rubicon Minerals raises "going concern" doubt after covenant breach
(DBN)

____________

Japan:

Economist Krugman joins call for Japanese fiscal stimulus
(DBN)

____________

Bahamas:

Baha Mar Sale Process Begins
(DBN)

____________

China:

Mounting debts could derail China plans to cut steel, coal glut
(DBN)

____________

Croatia:

Creditors Lose Faith in Croatia's 'Expert' Govt
(DBN)

____________

Mongolia:

Mongolian Mining Loan Nonpayment Triggers Cross-Default on Bonds
(DBN)

____________

 

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