May 12, 2016

The Daily Bankruptcy News

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3-Column Formating

 

Law:

A ‘Difficult Day’ at DLA Piper as Firm Plots 200 Layoffs DLA Piper to Cut Up to 200 U.K. Support Jobs DLA Piper to cut 200 UK jobs in favor of Warsaw hub DLA Piper to Shed 200 UK Jobs Amid Restructuring
(DBN)

Houston court cuts into Delaware's bankruptcy business
(DBN)

LeClairRyan Adds Fifteen to Newark Office, Bolsters Firm-Wide Bankruptcy Practice LeClairRyan Adds Eight Partners in Newark
(DBN)

Mock Trials in Business Litigation: Choosing When and How to Do It Cost-Effectively
(DBN)

More On The 'Grim' ABA Jobs Data For Law School Graduates
(DBN)

Jeopardy! Questions Test Knowledge of Law Firms These Law Firms Got a Shout-Out in Last Night’s Jeopardy!
(DBN)

Ex-Bryan Cave Associate Gets Probation After Death Threat
(DBN)

Jones Day To Close Cleveland Office for Republican Convention
(DBN)

Evolving leverage
(DBN)

Existential Threats to Law Firms
(DBN)

David Gould’s Rules – From the Grand Old Man of Bankruptcy
(DBN)

Simpson Thacher UK associate ranks swell by 50%
(DBN)

US firm Holland & Knight launches in London
(DBN)

Chinese firm takes big step towards “Going Global” with US expansion
(DBN)

The Worst Job Description In Law
(DBN)

Rock Frontman Graduating Law School
(DBN)

Does The Job Make You A Lawyer?
(DBN)

Can Alternative Legal Services Providers Force The ABA To Change The Non-Lawyer Ownership Rules?
(DBN)

Law School Entry-Level Faculty Hiring Up 19%
(DBN)

6 things super productive people have in common
(DBN)

Use Facebook To Bring Engagement To Your Blog
(DBN)

A former McKinsey partner shares 3 phrases to give hard feedback so your colleagues don't resent you
(DBN)

Young Girl Fatally Shoots Herself With Gun She Found Under Grandmother’s Pillow
(DBN)

ABA Silver Gavel award winners include ‘Making a Murderer’
(DBN)

Attorney: U.S. SC won't hear Tom Brady's appeal if he loses at Second Circuit
(DBN)

Former federal prosecutor gets 30-day sentence for $600K client theft
(DBN)

Law firm suit seeks pay disgorgement and punitives, alleges ex-partners conspired to form new firm
(DBN)

Lawyers say feds bugged grounds of three California courthouses without warrants
(DBN)

Lawyer admits faking ‘judicial subpoenas’ for witness questionnaires, pleads guilty to misdemeanor
(DBN)

George Zimmerman to Auction Off Gun That Killed Trayvon Martin
(DBN)

IRS Employee Got Unemployment For 5 Years Before Anyone Noticed
(DBN)

Paul Weiss Lawyer on Being a Broadway Producer
(DBN)

______________

Judges:

Federal judge testifies about being shot on his front porch
(DBN)

Merrick Garland lists his top 10 cases in Senate questionnaire
(DBN)

Supreme Court Nominee Garland’s Filing Gives Insight Into Legal Thinking
(DBN)

Garland Stepped Aside in 66 Cases Because of Financial Holdings
(DBN)

White House prods Senate on Garland amid Republican blockade
(DBN)

With Trump And SCOTUS, Do Qualifications Even Matter?
(DBN)

Chief Justice John Roberts: Smooth Operator
(DBN)

______________

Wall Street:

U.S. stocks look set to recover from corporate bruising
(DBN)

Stocks close at low of the day, Dow off 217
(DBN)

M&A - More Big Investment Banks Being Shut Out of Deals
(DBN)

______________

Layoffs:

Report: Oil, Gas Job Cuts Top 350,000 Worldwide
(DBN)

Expect layoffs, consolidations in Silicon Valley: Sacca
(DBN)

Three companies to lay off 200 workers in Southeast Louisiana
(DBN)

Is Ditech really on the verge of layoffs?
(DBN)

National and State by State Unemployment Rates
(DBN)

Animated Map of Unemployment
(DBN)

______________

Retailing:

Deal to save Sports Authority name reportedly stalls If Sports Authority sells Mile High naming rights, Stadium District wants veto power
(DBN)

How Staples Plans to Come Back After U.S. Kills Office Depot Merger
(DBN)

Gap Downgraded to Junk at Fitch
(DBN)

Why the Biggest Big-Box Stores Survive
(DBN)

Macy's is in serious trouble Macy's results reminiscent of financial crisis Macy’s dismal earnings are a bad sign for the whole retail industry Macy's Reignites Retail Worries Macy's cut its earnings guidance, and shares are tumblingMacy's is officially becoming the new Sears Macy's hurt by falling consumer confidence With a clunk, Macy's opens the retail earnings season Macy’s Casts Pall Over Retail Stocks Boring Stores Are Crushing Macy's
(DBN)

Retail stocks are trading like the entire industry is going under Macy's forecast drives sell-off in U.S. retailer shares
(DBN)

Aeropostale, Vestis cases store plenty of litigation potential
(DBN)

Court clears way for Bruegger's sale
(DBN)

Kohl's stock drops after profit miss, surprise sales decline
(DBN)

Neiman Marcus Debt Falters, CDS Cost Widens as Retail Sector Takes Hit
(DBN)

The Reverse Aging Of Retail
(DBN)

____________

Autos:

Volkswagen Says Emissions Probe Finds No Wrongdoing by Board
(DBN)

Mitsubishi Fuel-Economy Scandal May Affect More Vehicles Nissan to sink $2.2 billion into scandal-ridden Mitsubishi
(DBN)

The level of risk that Tesla faces is terrifying and unprecedented
(DBN)

Takata Looks to Overhaul Division Responsible for Airbag Defects
(DBN)

____________

Celebs:

Judge Says Businessman Sam Wyly Hid Wealth Offshore Judge Rejects Ex-Billionaire Wyly’s Claim of Tax Ignorance Wyly brothers committed tax fraud, owe $1.4B, bankruptcy judge rules
(DBN)

Emma Watson is named in the Panama Papers database
(DBN)

____________

Coal:

Feds Object To Alpha's Plan To Get Out Of Bankruptcy
(DBN)

Cleaning Up Coal's Mess
(DBN)

Alpha Bankruptcy: Coal Not Keeping The Lights On For Miners
(DBN)

Recovery of US coal industry is more than a fairytale
(DBN)

Justice Department: Alpha planning 'liquidation,' not 'reorganization'
(DBN)

____________

Alternative Energy:

SunEdison's Yieldcos Get More Time to File Delayed 2015 Reports
(DBN)

Public Service Announcement: SunEdison Shareholders Will Get Nothing
(DBN)

____________

Shipping:

UK court rules in favor of marine fuel firm OW Bunker Malta in liability case
(DBN)

UK Court Ruling In OW Bunker Case May Mean Double Payments For Shippers
(DBN)

Hyundai Heavy submits self-rescue plan to creditors
(DBN)

____________

Economy:

Moody's: Normal Interest Rates May be Gone
(DBN)

America's middle class is shrinking almost everywhere
(DBN)

Billionaire Ken Griffin: 'We are more and more in a winner-take-all world'
(DBN)

Baby Lull Promises Growing Pains for Economy
(DBN)

Fed Faces 2015 Deja Vu as Markets Discount Rate-Increase Chances
(DBN)

Why You Won't Get a Raise Anytime Soon
(DBN)

25 hedge managers made $13 billion in 2015. Are the rich becoming richer?
(DBN)

19 robber barons who built and ruled America
(DBN)

Infrastructure Spending: $1.44 Trillion Short
(DBN)

World's Most Expensive Bonds Keep Selling in Land of Minus Rates
(DBN)

Watch a ‘tsunami’ of unemployment wash over the United States
(DBN)

Trends in Educational Attainment in the U.S. Labor Force
(DBN)

The 16% Of Americans Earning $100,000+ Pay 80% Of All Federal Income Taxes
(DBN)

US Debt Clock
(DBN

World Debt Clock
(DBN)

Economic Indicators Dashboard
(DBN)

______________

Real Estate:

Private Lenders Remodel the Mortgage Market AMI to Fannie Mae CEO: Private capital is ready for return to mortgages
(DBN)

Q1 2016 GDP Details on Residential and Commercial Real Estate
(DBN)

MBA: Mortgage applications barely move
(DBN)

Update: Framing Lumber Prices Up Year-over-year
(DBN)

Affordable mortgage rates? Loan originations fall to two-year low
(DBN)

Memphis Slum Bond Default Spurs Effort to Oust Property's Owner
(DBN)

Two Years Ago: Housing Doom and Gloom
(DBN)

____________

Municipalities:

Rescue plan for Puerto Rico may be too little, too late
(DBN)

Puerto Rico Is the First of the Muni Disasters
(DBN)

U.S. House panel cancels plan to introduce Puerto Rico bill Puerto Rico debt bill delayed in House Puerto Rico crisis bill delayed by political gridlock Top US House Democrat expects movement on Puerto Rico bill in days Slight Delay on Puerto Rico Debt Bill, But May Come Soon
(DBN)

Environmentalists Fear Poison Pill In Puerto Rico Debt Bill
(DBN)

US high court could spur Congress on Puerto Rico debt crisis
(DBN)

The pathway forward for Puerto Rico
(DBN)

Ambac sues Puerto Rico highway agency over toll road deal
(DBN)

Can Puerto Rico escape its $72 billion debt trap and avoid Greece's fate?
(DBN)

Detroit Public Schools Manager's Plans Face Skepticism
(DBN)

Christie, Prieto trade new barbs over Atlantic City Escalating War Of Words Over Atlantic City’s Future As Resort Town Teeters On Brink Of Bankruptcy
(DBN)

____________

Oil/Gas:

Linn Energy Files for Bankruptcy Linn Energy Files for Bankruptcy With Creditor Deal in Hand Linn Energy shares down 25% after bankruptcy news Linn Energy shares plunge 60% after Ch. 11 bankruptcy filing Linn Energy's Bankruptcy Linn Succumbs To Financial Tide; Files For Bankruptcy Linn Energy to restructure, file for Chapter 11 bankruptcy Linn Energy, Linnco And Berry Petroleum Enter Restructuring Support Agreement With First Lien Lenders First Day Dec First Day Dec 2 Petition
(DBN)

Thurs.: Outlook for oil brightens as output disruptions erode surplus, IEA says IEA Says Global Oil Market Is Near Balance Oil prices rise after top monitor predicts dramatic supply drop later this year How a pair of key oil-inventory reports can be so wildly different
(DBN)

Kuwait Plans To Ramp Up Oil Production By 44% Before 2020
(DBN)

Increasing Outages Continue To Stabilize Oil Prices Oil rises 3 percent after first US crude draw in six weeks Oil soars past $45 on unexpected drop in crude supplies
(DBN)

Oil producer Penn Virginia files for bankruptcy protection Penn Virginia Files Ch. 11 In ED VA Petition
(DBN)

Not Everyone’s Buying Oil’s Latest Bullish Signal
(DBN)

Proved Oil Reserves Lost $840 Billion In Value
(DBN)

US and Saudi to expand energy exports
(DBN)

Chaparral Energy Lawyer Says Company Is Close to Restructuring Deal Delaware Organizational Meeting – Chaparral Energy, Inc., et al.
(DBN)

Artisan Energy ceases operations, filing for bankruptcy
(DBN)

SandRidge says quarterly report delayed
(DBN)

Oil patch money troubles going to get worse
(DBN)

Shares Of Breitburn Energy Partners Tanked
(DBN)

CLOs Vulnerable to Loans Made to Energy-Related Business Services Sector
(DBN)

One-fifth of Nigerian oil production shut down
(DBN)

Canadian oil sands production to restart in days
(DBN)

Has oil industry hit its mid-life crisis?
(DBN)

If You Like Delivering Bad News, Petrobras Has the Job for You
(DBN)

____________

Distressed Investing:

Investors Just Pulled a Lot of Money Out of Junk Bonds . Should We Worry?
(DBN)

Muddy Waters Bulks Up New Hedge Fund by Hiring Pimco’s Ing
(DBN)

____________

Politics:

That GOP Aversion to Debt? It’s Gone for Now
(DBN)

Elizabeth Warren Resumes Twitter Attacks on Donald Trump Trump, Warren Trade Barbs After He Says She Didn't Have 'Guts' To Run For Prez Paul Ryan Won’t ‘Pretend’ Republican Party Is Unified Before Donald Trump Meeting To Win, Trump Must Persuade Upscale Voters in Midwest, Too In Break From Tradition, Donald Trump Rules Out Releasing Tax Returns Ahead of Election What Is Trump Trying to Hide in His Tax Returns? I Saw Trump's Tax Returns. You Should, Too. There are no good reasons for ‘Dodging Donald’ Trump to withhold his tax returns The Americans Trump Betrayed by Courting Big-Money Donors The People Who (Still) Bet Trump Won't Win the Nomination Trump: "I have a mandate from the people" London’s new Muslim mayor has the perfect response to Trump making an “exception” for him The U.S. Doesn't Need a CEO in Chief Trying to pin down what Donald Trump thinks Trump's Disregard for Data: Another Challenge for the GOP
(DBN)

Hillary Clinton Tries to Pitch Herself As Just-Folks on the Campaign Trail Hillary Clinton wants to let people "buy in" to Medicare Elizabeth Warren doesn't rule out joining Hillary Clinton's ticket
(DBN)

Bernie Wins Again Bernie's West Virginia win makes some Clinton supporters nervous A weird number behind Bernie Sanders's West Virginia win The attack on Bernie Sanders’ single-payer plan is 'ridiculous' The real reason Bernie Sanders will enthusiastically back Hillary Clinton in November Donald Trump unveils a new nickname for Bernie Sanders
(DBN)

____________

Alternative Lending:

Why you shouldn't panic about the Lending Club scandal
(DBN)

____________

Tech:

Bubble Indemnity
(DBN)

____________

Debt Collection:

Second Circuit tells debt collectors to notify debtors of interest, late fees
(DBN)

____________

Religion:

Baltimore Archdiocese Posts List of 71 Priests Accused of Abusing Children
(DBN)

____________

Healthcare:

St. David's HealthCare to buy Forest Park hospital in Austin for $115M
(DBN)

Judge in Chattanooga temporarily halts shutdown of Hixson-based nursing home
(DBN)

Restructuring spurs 110 layoffs at Howard University Hospital
(DBN)

____________

Defaults:

US High Yield Default Rate Expected to Hit 5.3% by March 2017
(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 (53 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (131 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)

______________

Labor:

Chapter 11 Debtors Exempt From Their Obligations Under An Expired Collective Bargaining Agreement
(DBN)

Collective Bargaining Agreements in Corporate Reorganizations
(DBN)

____________

Automatic Stay:

An Opportunity for Creditors to Enforce Prospective Waivers of the Automatic Stay
(DBN)

____________

Chapter 13:

Debtor Unable to Modify Confirmed Plan to Surrender Collateral
(DBN)

____________

Mediation:

Mandatory Mediation: How To Get Sanctioned – the Shaquille O’Neal Lesson
(DBN)

____________

Music Festivals:

Backstage Rider Demands: 10 Bottles of Dom Perignon, M&Ms (Absolutely No Brown Ones!), Two Ice Cream Cakes, and a DIP Carve Out
(DBN)

____________

Exemptions:

Bill lets bankrupt residents hold on to $5000 worth of guns
(DBN)

____________

TIA:

Appeals Court to Weigh Rights of Bondholders in Debt Restructurings
(DBN)

Distressed Traders Wait for `Revolutionary' Ruling on Debt Deals
(DBN)

____________

Involuntary Bankruptcy:

Why Courts in the Eleventh Circuit Should No Longer Apply Denham’s Small and Recurring Numerosity Exclusion –
(DBN)

____________

Sanctions:

Don't Be a Jerk: It Can Cost You Big $
(DBN)

____________

Bankruptcy Alternatives:

Better than Bankruptcy ?
(DBN)

____________

Predatory Lending:

Why Google plans to ban 'payday lenders' from advertising
(DBN)

____________

Education:

Millennials, please don’t waste your money on graduate school
(DBN)

____________

Student Debt:

One Word in Bankruptcy Law That Could Lead to More Forgiven Student Loans
(DBN)

Federal Student Loan Interest Rates Fall To Lowest Level In Years
(DBN)

Ch. 7 Debtor Wins Partial Discharge of Student Loans
(DBN)

Teacher Can't Discharge Student Loans in Bankruptcy
(DBN)

Lenders To Ivy League Student Borrowers Face Unanticipated Risk: Prepayments
(DBN)

____________

Fraud:

Owner of former Harrisburg payroll company arrested in connection with alleged $5.7 million theft
(DBN)

The Chinese dominate the 'Panama Papers' — the global list of people and companies using offshore tax havens
(DBN)

____________

UK:

Philip Green hits out at UK pensions regulator over BHS sale
(DBN)

Sir Philip Green keeping the extra £35m from BHS sale would be outrageous
(DBN)

Bank of England holds key interest rate at 0.5%, sees Brexit risks
(DBN)

The UK economy is slowing – and it's not just because of the 'Brexit' vote
(DBN)

____________

PIIGS:

Why Greece Still Needs Debt Relief White House adviser calls for Greek debt restructuring Real Greek Drama Is About Reforms, Not Debt Relief
(DBN)

Greeks Leery of Debt-Relief Talks as They Brace for New Tax Wave
(DBN)

Italy's First Bad-Loan Guarantee Said Set to Cost Bank About 1%
(DBN)

Spain Joins Europe's 50-Year Long-Term Debt Party
(DBN)

Hillary’s Hedge Fundie Son-In-Law Bailing On Greece
(DBN)

____________

Canada:

Canada’s Oil Sands Industry Staggers After a Devastating Fire
(DBN)

The View From Up North: Computer App Billed As ‘New Super Intelligent Attorney’
(DBN)

____________

India:

India Passes New Bankruptcy Law, More Power To Banks What India's New Bankruptcy Law Means India passes national bankruptcy law Bankruptcy Code very positive financial sector reform: Nomura report India's new bankruptcy law scores an A, bragging rights can wait Why Bankruptcy Law May Not Bring Cheer To Banking Sector FICCI welcomes Bankruptcy Bill Parliament passes the Insolvency and Bankruptcy Code Effects of the Bankruptcy Bill will be felt immediately India's bankruptcy revolution will be a slow burn Bank stocks gains as Rajya Sabha passes bankruptcy bill How the Bankruptcy Bill will help tackle Mallya-like defaulters Bankruptcy Code will have long-term benefits: experts Rajya Sabha passes Insolvency and Bankruptcy Bill Bankruptcy code biggest economic reform after GST: FinMin ' Bankruptcy Code to help timely revival of cos in distress' India Overhauls Century-Old Bankruptcy Laws in Key Win for Modi India to take on defaulters as parliament approves bankruptcy bill US envoy lauds Jaitley as Parl. passes new law on bankruptcy
(DBN)

____________

Brazil:

Brazil's recession puts focus on smaller banks -deposit fund head
(DBN)

Aurelius Amps Up Pressure on Oi With Claims of Potential Default Oi Reports Wider Loss as Mobile Customers Flee for Bigger Rivals
(DBN)

____________

Netherlands:

Abengoa Netherlands bankrupt , ethanol plant shut
(DBN)

____________

Bahamas:

Gov't Told: Don't Approve CCA As Baha Mar Buyer
(DBN)

____________

Montenegro:

Insolvency/Restructuring in Montenegro
(DBN)

____________

China:

Yingli Green Says It Probably Can't Repay Debts Due Thursday
(DBN)

____________

Japan:

Toshiba's yearly loss widens to $4.4 billion
(DBN)

Up to half of Japan's automakers may not exist in 5 years: Analyst
(DBN)

____________

Australia:

Tax Office steps in to Arrium mess as shareholders try to jump queue
(DBN)

____________

 


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Copyright 2016