March 29, 2016

The Daily Bankruptcy News

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Law:

More Shakeups At Reed Smith
(DBN)

GM lawyers won’t face Michigan ethics probe
(DBN)

A Celebrity Senator Comes To The Defense Of Biglaw
(DBN)

New Claims Arise From DLA Piper Billing Controversy
(DBN)

Lawyer hid $178K in closet, bankruptcy trustee suit says
(DBN)

A Biglaw Associate’s Supreme Court Debut
(DBN)

Bracewell Elects New Managing Partner
(DBN)

Cooley Law School Brings Us The Dumbest Malfeasance Scandal Ever
(DBN)

Bankruptcy Lawyer: What Transitioning Out Of Law Really Looks Like: An Interview With Monica Reyes
(DBN)

Shook Hardy's Revenue Rises, Amid Profit Dip
(DBN)

Coming and Going Concerns
(DBN)

Map Of The Top 50 Law Schools: 1/3 Are West Of The Mississippi River
(DBN)

Beautifying Big Law: Ex-Makeup Artist Shines at DLA Piper
(DBN)

Forget the iPhone 7 — next year's iPhone may get a major redesign with a bigger and better screen
(DBN)

Is your iPhone acting weird after the latest update? You're not the only one
(DBN)

6 things to do when you first meet someone if you want them to remember you forever
(DBN)

Georgia governor to veto anti-gay bill: It's about 'the character of our state' Why Georgia governor vetoed this religious liberty bill
(DBN)

Once an opening act for Kid Rock, law student looks forward to new career
(DBN)

Lawmaker seeks to make texting while crossing street a crime, punishable by $50 fine and jail time
(DBN)

Ropes & Gray must give Aaron Hernandez’s cellphone to new lawyers, judge rules
(DBN)

Dead Lawyer’s Body — Moved Twice Already — Subject Of Cross-Border Custody Battle
(DBN)

Justice Department cracks iPhone without help from Apple Apple responds: 'This case should have never been brought'
(DBN)

Feds Restart Program to Let Cops Steal Stuff
(DBN)

‘Patriot’ leader files 3rd bankruptcy and owes child support Proving freedumb isn't free, top militia leader seeks federal bankruptcy protection (for third time)
(DBN)

Cop turned bodycam on during ‘hallway deposition’ with defense lawyer, sparking outraged response
(DBN)

Billions Recap: ‘If You Have Dinner With Me I’ll Buy You A Mini Cooper’
(DBN)

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Judges:

BK ND TX: Judge Harlin D. Hale Reappointed
(DBN)

Bankruptcy Panel Designation Rankles Judge
(DBN)

There hasn’t been a criminal defense lawyer on the Supreme Court in 25 years. That’s a problem.
(DBN)

Judge Questions Web Searches During Jury Selection
(DBN)

What's at Stake in Selecting Justice Scalia's Replacement?
(DBN)

Billionaires Trying to Buy SCOTUS
(DBN)

Not Quite The Supreme Court Feeder Job
(DBN)

At Supreme Court, Tie Votes Leave Strike Zone Unclear
(DBN)

Want to even out lawyer quality and end contingent fees? Adopt a uniform-pay system, Posner says
(DBN)

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Wall Street:

U.S. stock futures in holding pattern ahead of Yellen speech US stocks poised to fall with oil ; Yellen eyed
(DBN)

US stocks eke out gains as weak oil caps upside
(DBN)

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Layoffs:

Mayo Clinic's Massachusetts lab to shut down, cut over 100 employees
(DBN)

National and State by State Unemployment Rates
(DBN)

Animated Map of Unemployment
(DBN)

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Telecoms:

The Troubling Economic Impact of the Ongoing Nortel Bankruptcy
(DBN)

HSF cashes in on seven-year Nortel bankruptcy with $400m fees
(DBN)

____________

Politics:

1,237 or bust for Donald Trump? Radio host firebombs Trump in brutal interview Harper Lee slams Trump Taj Mahal in letter up for auctioned The vast majority of Republican politicians aren't even trying to stop Donald Trump
(DBN)

The viral flowchart that just might help you decide who to vote for
(DBN)

Trump threatens lawsuit over Louisiana delegates
(DBN)

Hillary Clinton lambastes 'extremist' Donald Trump in scathing Supreme Court speech Hillary Clinton Warns of Donald Trump’s Supreme Court
(DBN)

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Coal:

Bets Against Peabody Energy Corporation at an All-Time High
(DBN)

China's Job-Saving Coal Fix May Mean More Trouble in Appalachia
(DBN)

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Education:

Corinthian fined nearly $1.2 billion. Will students get any of it?
(DBN)

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Debt Collection:

Second Circuit Court of Appeals Rules Collection Letter Showing a “Static” Current Balance is Misleading
(DBN)

CFPB Issues Fifth Annual Report to Congress on the FDCPA
(DBN)

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Lehman:

Lehman Brothers Holdings Provides Update on Ninth Distribution
(DBN)

____________

Mining:

Molycorp, Oaktree Come to Terms With Bondholders in Bankruptcy
(DBN)

Strapped Rio Fund Starts Talks With Holders of $3.1 Billion Debt
(DBN)

____________

Electricity:

Texas PUC approves Hunt-Oncor acquisition, but questions linger
(DBN)

____________

Pharma:

As Valeant Struggles, Its Tally Sheet of Scandals Grows
(DBN)

____________

Alternative Energy:

SEC investigating alleged SunEdison liquidity falsehoods
(DBN)

SunEdison at risk of bankruptcy, unit says
(DBN)

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Food/Beverage:

Roscoe's Chicken 'N Waffles Files For Chapter 11 Bankruptcy
(DBN)

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Amusement Parks:

Conneaut Lake Park's main creditors to submit Chapter 11 reorganization plan
(DBN)

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Defaults:

S&P: Global Corporate Default Tally Highest Since 2009
(DBN)

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Economy:

Shock cuts to Q1 growth pace show faltering economy ‘The morning that first-quarter GDP died’
(DBN)

Gundlach says April rate hike 'inconceivable' after lower GDP forecasts
(DBN)

Fed’s Williams: Future Rate Increases to Be ‘Gradual and Thoughtful’
(DBN)

Dallas Fed manufacturing index rises more than expected "Texas Manufacturing Activity Rebounds in March"
(DBN)

U.S. manufacturing dead? Output has doubled in three decades
(DBN)

Personal Income increased 0.2% in February, Spending increased 0.1% Spending Points to Lackluster Growth
(DBN)

Negative interest rates put the global economy on a razor’s edge
(DBN)

Flood of Central Bank Moves Can't Get World Economy Out of Rut
(DBN)

It's time to dispel the biggest myth about millennials
(DBN)

Hotels: Supply increased faster than Demand in January and February
(DBN)

Investment banking revenues slump 36% in Q1
(DBN)

Americans Struggle to See Themselves as Middle Class
(DBN)

The government's terrible economic forecasts led to the rise of Donald Trump and Bernie Sanders
(DBN)

Which States Have the Best and Worst Credit Scores?
(DBN)

California's $15/hour Wage Could Help Workers, Cost Jobs California Plan Marks Major Test of $15 Pay Floor California's $15 minimum wage sets stage for grand experiment Analysts React to California’s Proposed $15 Minimum Wage: ‘A Blunt Approach’
(DBN)

Millennials Saving More Money Than Most, Study Finds Why Millennials are super savers
(DBN)

Goldman Sachs and Bear Stearns: A Financial-Crisis Mystery Is Solved
(DBN)

The Entire Online Gig Economy Might Be Mostly Uber
(DBN)

Here's where PIMCO sees the world heading in 2016
(DBN)

Citi Secrets: Inside the 1% of the Top 1%
(DBN)

US Debt Clock
(DBN

World Debt Clock
(DBN)

Economic Indicators Dashboard
(DBN)

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Real Estate:

Pending home sales rebound in February NAR: Pending Home Sales Index increased 3.5% in February, up 0.7% year-over-year First Notable Increase Since Last April
(DBN)

How Much Homes Cost the Year You Were Born
(DBN)

California Cracks Open the Court Doors for Foreclosed Homeowners
(DBN)

Home equity credit lines boom 20% in 2015 in borrowing binge
(DBN)

Rising construction costs squeeze housing supply
(DBN)

This real estate market is headed for a crash
(DBN)

Why Millennials Are About to Leave Cities in Droves
(DBN)

Trump wins Gosman mansion for $41 million
(DBN)

Texas Company ‘Deeply Sorry’ for Tearing Down Wrong Home by Mistake
(DBN)

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Municipalities:

High Stakes: Atlantic City mayor stares 'em down
(DBN)

Caputo Says Christie’s Refusal to Negotiate with Prieto an ‘Insult’ to Legislature
(DBN)

Fight Over Atlantic City’s Future Becomes High-Stakes Blame Game
(DBN)

Chicago's Rating Cut by Fitch After Pension Overhaul Dashed Rating lowered to 1 Step above Junk
(DBN)

Gov. Snyder's Sweeping Plan For Flint Water Crisis Gets A Reality Check
(DBN)

Puerto Rico's Debt Crisis
(DBN)

House Republicans' draft legislation designed to save Puerto Rico
(DBN)

Puerto Rico Governor Pushes Back Against Federal Control Board
(DBN)

Federal Judge: Puerto Rico Walmart Tax Out
(DBN)

Detroit’s CFO: City may kick in $30M to pension funds
(DBN)

____________

 

Oil/Gas:

Mon.: Oil Prices Edge Down Amid Little-Improved Supply Picture Oil prices fall as investors' faith in rally wanes
(DBN)

$40 Oil Not High Enough To Save A Lot Of Drillers
(DBN)

Oil at $45-$50 Is a Fair Price for World's 4th-Biggest Buyer
(DBN)

Shorts Crowding Into Texas Banks in Bet Energy Pain Isn't Over
(DBN)

Ultra Petroleum Corp, Linn Energy LLC and Others Expected to File for Bankruptcy
(DBN)

Pacific Exploration Loses EIG Buyout Offer Is it Time for Pacific Exploration and Production to Turn Off the Lights? Fitch Downgrades Pacific Exploration and Production's Ratings to 'RD'
(DBN)

Committee Formation Meeting for Emerald Oil, Inc., et al.
(DBN)

Southcross Energy Parent Files for Bankruptcy Prepack Plan Disclosure Statement
(DBN)

AllianceBernstein Becoming Energy Banker as Wall Street Retreats
(DBN)

When Oil Goes Bust, Denver Auction House Sees Boon
(DBN)

How Will Weaker Oil Prices Affect the U.S. Stock Market Recovery?
(DBN)

China Embraces Role as Creditor of Struggling Energy Firms
(DBN)

Oil Majors Only Replace 75% of Oil and Gas Produced in 2015
(DBN)

Oil Co. W&T Offshore Cuts Leveraged Loan Borrowing Base to $150M
(DBN)

American natural gas companies are struggling with oversupply
(DBN)

Alaska can't afford the oil industry's sweetheart deal
(DBN)

____________

Financial Advisers:

Cetera Financial Files for Bankruptcy to Complete RCS Workout
(DBN)

____________

Taxis:

It's still cheaper for most people to own a car than use Uber
(DBN)

____________

Hollywood:

Federal Courts Approve Settlement and Dismissal of Involuntary Bankruptcy Cases Filed Against Noted Film Entrepreneur David Bergstein
(DBN)

____________

Resorts:

Involuntary Bankruptcy Against Aman Resorts' Ex-Owner Dismissed
(DBN)

____________

Steel:

Lenders pushing for Essar Steel buyout, says report
(DBN)

Essar Minnesota legal hirings could be signal for bankruptcy
(DBN)

____________

Newspapers:

Newspapers Gobble Each Other Up to Survive Digital Apocalypse
(DBN)

____________

 


New Bankruptcy Opinions
(6 new opinions today - DBN)

Bankruptcy Court Web/Pacer Site Directory

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

Recent Ch. 11 Filings (4 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (10 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)

______________

Executory Contracts:

Investors Beware, A Contract Ain't What It Used To Be!
(DBN)

____________

SCOTUS:

Supreme Court Affirmation of Hawkins Case Raises More Questions Than It Answers
(DBN)

____________

Avoidance Actions:

Ruling withdrawn in closely watched Tribune Co clawback case
(DBN)

Tribune Co. Creditors' Fraudulent Conveyance Claims Preempted by 546(e) ... or Not Reverted?
(DBN)

Seventh Circuit Holds that Pre-Bankruptcy Lease Terminations May Be Avoidable
(DBN)

____________

Estoppel:

Judicial Estoppel Not a Slam Dunk
(DBN)

____________

Litigation:

An 800-Pound Gorilla and the New e-Discovery Landscape
(DBN)

____________

Fraud:

NY man arrested in alleged $95M fraud scheme
(DBN)

Feds: Law grad at finance firm stole $25M, sought $70M in ‘brazen fraud’
(DBN)

A Son of Wall Street Privilege Faces Fraud Charges
(DBN)

MF Global Trustee to Join Existing Suits Against Executives
(DBN)

SCOTUS Rejects Blagojevich’s Appeal of Corruption Charges
(DBN)

____________

Standing:

I’m Still Here!! Individual Debtor-out-of-Possession May Appeal Bankruptcy Court Order Allowing Claims in Chapter 7 Case
(DBN)

____________

Autos:

GM Judge Throws Out Key Ignition Claim in Second Trial
(DBN)

____________

Distressed Investing:

3 Takeaways From The Collapse Of The Third Avenue Focused Credit Fund
(DBN)

____________

Student Debt:

Squeeze the Parents: New Student Loan Goes Straight to Mom and Dad
(DBN)

____________

Celebs:

Financial adviser who used to play in the NBA explains why he asks players how much they spend on coffee
(DBN)

____________

Travel:

4 ways flying may soon be even worse
(DBN)

____________

Shipping:

HMM Gets a Breather from Creditors HMM creditors approve self-rescue deal
(DBN)

____________

Broadcasting:

Broadcast Creditors Beware - $11,000 Fine Imposed for FCC Reporting Shortcomings in an AM Foreclosure Action
(DBN)

____________

Sovereigns:

Argentina: Gov’t close to victory on Senate holdout vote
(DBN)

U.S. court to hear Argentine debt injunction appeal on April 13
(DBN)

____________

UK:

Lenders ‘Freaking Out’ Over London Luxury Home Woes
(DBN)

____________

EU:

Fitch: Basel Foreclosure Proposal May Push EU Insolvency Reform
(DBN)

Tourists Cut Back on Europe Trips After Bombings
(DBN)

____________

PIIGS:

Greece: Hoteliers struggle to stay afloat Creditors Return to Greece to Continue Bailout Review Coalition looking for 300 mln in reductions
(DBN)

ie: Uncertain future for insolvencies and success stories alike
(DBN)

Shares in Spain's Abengoa soar after restructuring reprieve
(DBN)

____________

Canada:

Landlords score big in Target case
(DBN)

Energy firms Encana and Repsol SA buy back bonds amid oil slump
(DBN)

____________

MENA:

U.A.E. Banks Offer Debt Lifeline to Struggling Companies
(DBN)

UAE banks agree mini insolvency law to help struggling SMEs
(DBN)

SMEs in the UAE find good times from economic downturn
(DBN)

____________

China:

Chinese firms could gain by US bankruptcy laws
(DBN)

Chinese bank profits flatline as bad debts continue to soar
(DBN)

That sound you hear is $100 billion getting ready to charge back into the Chinese stock market
(DBN)

Steelmaker Becomes Latest Chinese Company to Miss Bond Payment
(DBN)

The Credit Card Loophole That Gets Around China's Capital Curbs
(DBN)

Chinese state-run lender to rescue struggling rural credit unions
(DBN)

Kaisa Reports Losses Amid Blockages and Rushed Asset Sales
(DBN)

Investors Are in Denial About China
(DBN)

____________

Brazil:

Brazilian Airline Gol Hires PJT Partners as Financial Adviser
(DBN)

____________

Australia:

Fitlink training college collapses leaving thousands of fitness students stranded
(DBN)

___________

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