March 24, 2016

The Daily Bankruptcy News

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Due to the Easter holiday, The Daily Bankruptcy News will not publish on Friday March 25, 2016



Law:

The Law Offices of the Future Are Here, and Your Name Might Not Be On the Door
(DBN)

White & Case Adds Bankruptcy Partner In NY
(DBN)

Women Change Jobs Because They Want Better Pay, Not Work-Life Balance
(DBN)

Simpson Thacher tops global M&A rankings for Q1 as activity falls
(DBN)

Are Law Firms Just Like Other Vendors?
(DBN)

Plunging Back In
(DBN)

Can Computers Beat Humans At Law?
(DBN)

What The Alaburda v. Thomas Jefferson Law Case Is Not About
(DBN)

Thomas Jefferson Law School Trial Over Placement Data Goes To Jury
(DBN)

4 More Types of People Who Should Not Go To Law School
(DBN)

Vermont Law School Starts Offering Remote JD Option
(DBN)

The Best Law Schools For Practical Training
(DBN)

60 American Law Profs Condemn Anonymous Student For Posting 'All Lives Matter' On Prof's Door
(DBN)

The news isn't good for lawyers: as many as one out of every three of us is a problem drinker, and one out of every four of us has some form of depression, stress, or anxiety.
(DBN)

Seyfarth Shaw Names New Chair
(DBN)

KWM to slash UK, Europe and Middle East partnership by 15 per cent KWM to cut 15% of UK, Europe and ME partnership in strategic review
(DBN)

Rare full restitution to victims of law firm chief’s $1.2B fraud takes some defendants off the hook
(DBN)

Convicted of murder despite out-of-state vacation alibi, man is freed on DA’s motion after 20 years
(DBN)

Prosecutor’s book offers firsthand look at ‘Making a Murderer’ subject Steven Avery (podcast)
(DBN)

A Wrongful-Arrest Defense Clinic: The Thabo Sefolosha Story
(DBN)

Couple whose kidnapping claims were initially publicly called a hoax by police file defamation suit
(DBN)

The 5 biggest mistakes you're making with your dress shoes
(DBN)

BofA Merrill Paying $14 Million Apology To The Millennial Trainees It Treated Like Old-School Trainees
(DBN)

Gawker CEO: Unsealed evidence proves Hulk Hogan's lawsuit was a sham
(DBN)

Seventh Circuit Reverses Forfeiture Of $271,000 Seized From Brothers Who Were Never Charged With A Crime
(DBN)

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Judges:

Lack of law degree no bar to Sarah Palin’s bid to be the next Judge Judy
(DBN)

Reprimanded judge says presiding over his own divorce case for several months ‘made no difference’
(DBN)

Judge Shira Scheindlin Is Stepping Down
(DBN)

Being On The Supreme Court Isn’t The Key To Popularity
(DBN)

Unabomber Case Helped Hone Supreme Court Nominee's Legal Skills
(DBN)

Pat Toomey agrees to Merrick Garland meeting
(DBN)

Merrick Garland's D.C. Circuit Playbook Takes Page From Past Nominees
(DBN)

Merrick Garland's First Opinion: A Key In a Shoe and Drugs in the Trunk
(DBN)

Orrin Hatch on Merrick in 1997: Playing Politics with Judges is Unfair
(DBN)

Misconduct Case Dismissed Against Ex-D.C. Chief Judge Facing Abuse Suit
(DBN)

Supreme Court Signals Possible Tie Vote in Obamacare Contraception Case
(DBN)

Federal Judge Preaches the Value of Mindfulness
(DBN)

An Exit Interview with a Federal Trial Judge
(DBN)

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Wall Street:

U.S. stocks set to break five-week winning streak, as Dow futures fall 150 points
(DBN)

Stocks close lower, with Nasdaq off 1%, as oil slides
(DBN)

Judge Orders Extradition to US in 'Flash Crash' Case
(DBN)

Credit Suisse's CEO says his traders racked up bad positions without telling anyone A Credit Suisse wealth manager is accused of making rogue trades for 6 years just to keep his clients off his back
(DBN)

Wall Street's 0.01%: An Inside Look at Citi's Secret Client List
(DBN)

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Layoffs:

Credit Suisse CEO, Blindsided by Risk Buildup, Targets Job Cuts Credit Suisse to ax 2,000 more investment banking jobs
(DBN)

OKCPS to eliminate over 200 teaching positions
(DBN)

More layoffs hit Eagle Ford Shale workers in San Antonio
(DBN)

143 Lexmark Employees Affected By Layoffs
(DBN)

MemorialCare to Cut 194 Jobs in SC
(DBN)

National and State by State Unemployment Rates
(DBN)

Animated Map of Unemployment
(DBN)

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Politics:

Ted Cruz borrowed a famous movie quote to jab Donald Trump for threatening his wife 'Absolutely no sense': Obama trashes Ted Cruz over his calls for Muslim surveillance Cruz Seeks Economic Wisdom in the Wrong Place A Desperate GOP Turns to Ted Cruz
(DBN)

Judge Dismisses Federal Lawsuit Against Donald Trump's Modeling Agency Why the rise of Donald Trump has Wall Street worried
(DBN)

Beginner's Guide to Why the GOP Hates Kasich
(DBN)

Paul Ryan Sorry for Poor People Comments
(DBN)

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Economy:

S&P: US Distress Ratio Dips for First Time Since May 2015
(DBN)

Three Things You Should Know about Negative Interest Rates 3 Long-Term Consequences of Negative Rates
(DBN)

Millennials are spending their money on 3 major categories
(DBN)

These 5 companies are hoarding nearly $600 billion in cash
(DBN)

The probability of an April rate hike just doubled
(DBN)

Warren Buffett brilliantly explains how bubbles are formed
(DBN)

US Debt Clock
(DBN

World Debt Clock
(DBN)

Economic Indicators Dashboard
(DBN)

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Real Estate:

US new home sales rebound in February New home sales get a boost, thanks to the West
(DBN)

Fannie Mae and Freddie Mac: If You Can’t Kill Them, Merge Them?
(DBN)

Judge OK's Sale of Notorious Oakland Housing Project
(DBN)

Average Family Being Priced Out of Homes
(DBN)

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Municipalities:

Sotomayor helps Puerto Rico argue bankruptcy case
(DBN)

Puerto Rico: Further Supreme Court Thoughts
(DBN)

Puerto Rico Utility Wins One More Week to Draft Rate Proposal
(DBN)

Sea Turtles Delay Debt-Ridden Puerto Rico's Gas-Switching Plan
(DBN)

Blistering final report blames Michigan officials for Flint crisis Flint film stresses emergency manager's role in crisis Flint task force slams EM law, asks new question
(DBN)

What Atlantic City government shutdown means to casinos
(DBN)

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Oil/Gas:

Oil Prices Fall Fast On Huge Inventory Build
(DBN)

Why We Could See An Oil Price Shock In 2016
(DBN)

Justice files $20B BP oil spill deal with court
(DBN)

Emerald Oil becomes latest US driller to file for bankruptcy protection First Day Dec
(DBN)

Russian Oil Companies Have Survived Sanctions, Cheap Oil
(DBN)

$40 Billion LNG Project In Australia Canceled Amid Low Prices
(DBN)

Why North-American Oil Is Positioned To Win In The Long-Run
(DBN)

Can Scotland Save Its Oil Industry?
(DBN)

Oil Bonanza Over, Algeria Woos The Investors It Has Long Ignored
(DBN)

Oil And Gas Debt - The Next Moral Hazard?
(DBN)

Oil’s Decline Takes Toll on Saudi Conglomerate
(DBN)

Why oil’s ‘shot in the arm’ for the global economy isn’t going to happen
(DBN)

Rockefellers End All Fossil Fuel Investment
(DBN)

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Religion:

What The Founder Of Beliefnet Learned From The Dotcom Bubble And Bankruptcy
(DBN)

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Alternative Energy:

Quantum Files for Chapter 11
(DBN)

SunEdison Bankruptcy Whispers Char SolarCity, First Solar, SunPower
(DBN)

SunEdison May Face $1.4 Billion Default If Earnings Delayed More
(DBN)

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Gambling:

Icahn: Taj future at risk amid benefits, expansion talks
(DBN)

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Corporate Governance:

The Quagmire of the 'Dual Fiduciary
(DBN)

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Fraud:

Longtime lawyer and CEO of failed bank gets 11 years in fraud case
(DBN)

Plaintiff in Trump University Lawsuit Taps Out, Points to Unhealthy Litigation
(DBN)

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Tax:

IRS Auditing Of Big Corporations Plummets
(DBN)

Tax Treatment of “Bad Boy Guarantees” Challenged by Recent IRS Memorandum
(DBN)

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Electricity:

PUC vote on Oncor sale likely to leave unanswered questions, senator says
(DBN)

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Shipping:

SM Group nearing deal to buy part of SPP Shipbuilding
(DBN)

Cash-strapped Hyundai Merchant faces hurdles for survival
(DBN)

Hyundai Merchant Marine strives to cut charter fees to stay afloat
(DBN)

____________

Education:

Mid-Continent files disclosure statement outlining repayment plan
(DBN)

Defunct for-profit college hit with billion dollar judgment
(DBN)

____________

Corporate Reform:

Washington Still Can't Stop Wall Street's Risk-Taking Bonus Culture
(DBN)

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Food/Beverage:

Quaker Steak and Lube: Bankruptcy sale approved
(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 (23 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (6 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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Mediation:

Bankruptcy Mediation for the Little Guy – Part 1: Financial Assistance
(DBN)

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Valuation:

Valuing Intangibles Doable, Despite Resistance
(DBN)

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Hotels:

How Real Estate Billionaire David Lichtenstein Bounced Back From A $7.5 Billion Hotel Bankruptcy
(DBN)

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Awards:

Vance Elected as Vice-President of the American College of Bankruptcy
(DBN)

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Coal:

Bright News In Dark Times For The Coal Sector
(DBN)

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Banking:

Credit Suisse's $90 Billion Bitter Pill Credit Suisse Confusion on Costly Trades Adds to CEO's Woes
(DBN)

____________

Sovereigns:

Argentina to reach B on default exit, says Fitch
(DBN)

Obama salutes 'constructive approach' in holdouts deal
(DBN)

Committees clear ‘vultures’ bill for debate at Senate
(DBN)

Holdout investors urge DOJ not to back Argentina in bond appeal
(DBN)

____________

UK:

Scottish insolvency laws consolidated as Parliament passes bill
(DBN)

Brand BHS safe for now as creditors throw it a lifeline Creditors back BHS turnaround plan with strong vote
(DBN)

Quitting the EU 'will cost families £500million more in energy bills a year'
(DBN)

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EU:

Euro-Area Banks' Soured-Loan Cleanup Will Take Years, ECB Says
(DBN)

Belgium, My Country, Is in Denial
(DBN)

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PIIGS:

Creditor Group Fights Abengoa Bankruptcy US Loan
(DBN)

Elderly suffer in Greece after financial crisis
(DBN)

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Canada:

New law proposed to shift bank failure risk from taxpayers
(DBN)

Trudeau Tackles Economy Head on With C$120 Billion Deficit
(DBN)

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Japan:

Skymark set to emerge from bankruptcy
(DBN)

____________

Australia:

ANZ's Warning Signals Resources Threat for Australian Lenders Banks feel more pain from end of mining boom ANZ warns of higher bad debt hit from resources exposure ANZ warns on $100m bad debt blowout ANZ's bad loans to miners are just 'tip of the iceberg', analysts say ANZ, Westpac bad debt provisions set to rise
(DBN)

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China:

Decade of Growth Poised to End for China Banks Stung by Bad Debt
(DBN)

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Belguim:

Bankruptcy statistics in Belgium: February 2016
(DBN)

Turkey: Brussels Attacker Deported in 2015
(DBN)

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Bahamas:

Baha Mar: David vs Goliath in the Fight Over Insolvency Proceedings of a Bahamas Company
(DBN)

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Russia:

Russian factory to declare bankruptcy, workers still unpaid
(DBN)

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Switzerland:

Geneva and Zurich regions hardest hit by bankruptcies
(DBN)

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Brazil:

Brazil: Now World's 2nd Worst Economy
(DBN)

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