May 2, 2016

The Daily Bankruptcy News

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3-Column Formating

 

Law:

What’s Behind The New Am Law 100 Numbers?
(DBN)

One in five law firms targeted by scammers, study finds
(DBN)

Cadwalader Sees a Second Down Year
(DBN)

Harsh Message From Law School Right In The Middle Of Finals
(DBN)

DLA Piper names Three Restructuring Partners, All In UK
(DBN)

Displaced Lawyers - It's Not Your Imagination, Organizations Hesitate to Hire Career-Switchers
(DBN)

Sick And Tired Of Biglaw Firm’s Glass Ceiling, Associate Quits And Leaves Media Firestorm Over Sexism In Her Wake
(DBN)

Milbank Looking for New Digs to Match its Global Footprint Manhattan's Hudson Yards Gets Law Firm Milbank Tweed as Tenant
(DBN)

‘Uncle Sam, Esq.’ employs more than 25,000 lawyers
(DBN)

The Last Of The True Biglaw Partnerships
(DBN)

Law Schools Need More Than 'Warm Bodies'
(DBN)

Husch Blackwell merges with Wisconsin law firm
(DBN)

Law Firm Merger Mania Hits the Midwest
(DBN)

Outside Counsel Guidelines and Collective Conversations
(DBN)

Chasing RFPs? There’s A Better Way To Drive Law Firm Business Development
(DBN)

Ethics opinion revisits rule on providing client representation information
(DBN)

Norton Rose Fulbright announces 39 promotions globally
(DBN)

Publicly listed Australian law firm Slater and Gordon avoids bankruptcy
(DBN)

Shearman Out, Cleary In on Deutsche Bank’s Integrity Committee
(DBN)

Outsourcing Legal Work - Will President Trump slap on surcharge?
(DBN)

Disbarred lawyer says he will continue to practice while appealing the order
(DBN)

PricewaterhouseCoopers hires ‘stunningly low’ number of people over 40, says age-discrimination suit
(DBN)

Beyoncé’s ‘Lemonade’ Think Piece For Lawyers
(DBN)

Lawyer Attack Ads: Negative Campaigning Enters The Lawyer Commercial Sphere
(DBN)

Hofstra Law Library Bans Crying Game (soon enough, law-student sobbing could be declared "public nuisance")
(DBN)

FL: Cop Who Hit Handcuffed Woman Arrested
(DBN)

In a sign of changing times, Kentucky tears down a statue
(DBN)

Welcome to the home of the toughest 'bathroom bill' in America
(DBN)

Toddlers Have Shot 23 So Far This Year
(DBN)

Postman Steals $443,000 in Tax Refunds
(DBN)

Tom Brady Taps Ted Olson in Deflategate Saga
(DBN)

______________

Judges:

Obama's Push for Court Pick Fizzles as Republicans Stand Firm White House allies make new push for Garland
(DBN)

Chuck Grassley Admits It's 'A Gamble' To Let Trump Fill SCOTUS Vacancy
(DBN)

Scalia’s death affecting next term, too? Pace of accepted cases at Supreme Court slows
(DBN)

Rescue the Supreme Court From Limbo
(DBN)

Supreme Court trying to find its way after Scalia
(DBN)

A “Wayne’s World” Argument at the Supreme Court
(DBN)

A Supreme Court Challenge for Democrats
(DBN)

Judge won’t bend to DA’s jeans-days policy
(DBN)

Faculty senate at George Mason expresses ‘deep concern’ about renaming law school for Scalia Controversies continue for planned Scalia namesake law school After Faculty Concerns, George Mason Stands By Renaming Law School After Scalia University in Turmoil Over Scalia Tribute and Koch Role
(DBN)

At age 92, Judge Manuel Real is still abusing his power
(DBN)

Where Is Home For Supreme Court Justices?
(DBN)

D.C. Circuit's Kavanaugh Not Afraid to Say No to Obama
(DBN)

Shocking Conduct By A Judge Leads To Anger Management
(DBN)

Lawsuit accuses PACER of milking the public for cash in exchange for access
(DBN)

______________

Wall Street:

Wall Street stocks lined up for moderate gains ahead of ISM data
(DBN)

Tokyo slide keeps mood downbeat
(DBN)

Dow squeezes out third-straight month of gains as stocks close off lows
(DBN)

Warren Buffett: Here's how Wall Street really makes its money
(DBN)

______________

Layoffs:

Caterpillar closing 5 more plants amid low demand
(DBN)

Chevron increases planned job cuts to 8,000
(DBN)

190 BASF layoffs in RTP to begin in June
(DBN)

Sprint layoffs hit 113 in Overland Park headquarters
(DBN)

Marjorie Walker - Is this a plaintiff with nothing to lose and not motivated by monetary gain?
(DBN)

National and State by State Unemployment Rates
(DBN)

Animated Map of Unemployment
(DBN)

______________

Electricity:

Energy Future Files New Chapter 11 Exit Plan Energy Future Offers New Reorganization Plan Amid Deal Dispute Energy Future Holdings debuts new plan to end $42 billion bankruptcy
(DBN)

Energy Future Says Oncor Buyout a No-Go Deal for Oncor may fall apart after Texas bungles utility case Energy Future Holdings says investors will not fund Oncor deal
(DBN)

Six things electricity customers should know about the new race to buy Oncor
(DBN)

____________

Asset Protection:

529 Savings Accounts Not Exempt In California Under O'Brien
(DBN)

____________

Politics:

Donald Trump’s bankruptcy dodge: This is how lawyers and regulators helped him fudge solvency and avoid collapse How Regulators Rescued Donald Trump Actors may make good presidents, reality stars are something else KKK Leader Endorses Donald Trump Buffett is Not a Fan of Donald Trump Buffett: We're Fine with Trump or Clinton Charlie Munger: Trump Has a Form of Sickness Trump Protesters Go Wild in California Trump backers yell foul over delegate loss at Arizona GOP convention Trump Spells Doom for Social Conservatives Fears of Trump drive immigrants to become citizens Donald Trump Holds 15-Point Lead Ahead of Republican Rivals in Indiana Poll This new poll could mean the end of the road for "stop Trump" Republicans ‘Accept it’: From resignation to jubilation, GOP slowly warms to Trump Trump gets outside help for potential GOP convention battle Trump Didn't Build a Wall to Keep Her Out Trump Is Riding a Warped 1980s Nostalgia
(DBN)

Ted Cruz Jabs Donald Trump, John Boehner on Sunday Talk Shows Former California Gov. Pete Wilson Endorses Ted Cruz Indiana Gov. Mike Pence Backs Ted Cruz for President Even Satanists Want Nothing To Do With Ted Cruz Chuck Todd tried 9 times to get Ted Cruz to answer whether he'll support Donald Trump Cruz: Everyone Is Out to Get Me
(DBN)

Why the GOP Could Leave Cleveland Even More Fractured Than Before the Convention
(DBN)

Sanders fact Check: Some parts of Baltimore rival that of "the West Bank in Palestine," "North Korea," and "distressed cities in Nigeria, India, China and South Africa."
(DBN)

Alabama Gov. Robert Bentley: I've Done 'Nothing Illegal'
(DBN)

____________

Healthcare:

Bankruptcy judge gives Billings neurosurgeon, creditors chance to settle disputed proposed settlement
(DBN)

Apology by bankruptcy attorney ends defamation lawsuit stemming from Christ Hospital sale
(DBN)

Crittenden Hospital Association Bankruptcy Case Could Last Into 2018
(DBN)

Tens of thousands of people in this state are getting sued for medical debts as low as $60
(DBN)

____________

Alternative Energy:

SunEdison: Giving Optimism A Bad Name
(DBN)

Spanish Solar Gets Reprieve in U.S. Court
(DBN)

____________

Autos:

Future of scandal-hit Mitsubishi Motors in doubt — again
(DBN)

Daimler Appoints Deloitte to Aid Probe of Diesel Engines
(DBN)

VW to spend up to $8.8 billion on diesel buybacks, fixes German FM Criticizes VW's Executive Bonuses
(DBN)

Takata booking over $156 million in additional loss for air bag recalls
(DBN)

___________

Lehman:

Former Lehman CFO looks back on life out of balance
(DBN)

The Analysis of the Collapse of Lehman Brothers
(DBN)

____________

Student Debt:

Are Average Student Loan Debt Figures Misleading?
(DBN)

____________

Currency:

Australian Craig Wright says he is bitcoin creator
(DBN)

____________

Compensation:

They’re Coming for Your Bonus
(DBN)

Yahoo's Meyer Gets $55 Million to Leave
(DBN)

____________

Shipping:

Huge deposit should be paid in case of court receivership for STX Offshore & Shipbuilding
(DBN)

____________

Personal Finance:

A Third of Newlyweds Are in the Dark About Their Spouse's Finances
(DBN)

____________

Economy:

Sizing Up the Obama Economy Economic Crisis Ended Under Obama ..... but
(DBN)

At Berkshire Hathaway Meet, Warren Buffett Quite Rightly Slams Hedge Funds
(DBN)

Worried about the slowing US economy? Don't turn to Warren Buffett for comfort
(DBN)

Baby Boomers, Just Eclipsed by Millennials, Will Soon Be No. 3
(DBN)

Most are Totally Screwed for Retirement
(DBN)

Most U.S. Retirees Living Well, but Nonretirees Unconvinced
(DBN)

Americans’ Financial Worries Edge Up in 2016
(DBN)

Millennials Buy Cars, Stop Mass Transit Use
(DBN)

US Leveraged Loan Funds See Fifth Straight Week of Withdrawals
(DBN)

The U.S. Economy’s Secret Weapon
(DBN)

Why We Should Worry About Global Economy
(DBN)

Inequality: How a 'parenting arms race' is causing kids to grow up segregated
(DBN)

US Debt Clock
(DBN

World Debt Clock
(DBN)

Economic Indicators Dashboard
(DBN)

______________

Real Estate:

Dick Bove: Where will the mortgage money come from?
(DBN)

Recovery: America's Great Housing Divide
(DBN)

Disbarred Illinois lawyer gets 57 months in mortgage-rescue fraud case
(DBN)

When is a Wrongful Foreclosure Case a “SLAPP”?
(DBN)

Foreclosure lawsuits are on the rise, but why in Texas?
(DBN)

California loss-mitigation bill creates more problems than it solves
(DBN)

Freddie Mac May Need a Bailout This Week
(DBN)

One-third of Bay Area residents hope to leave soon, poll finds
(DBN)

____________

Municipalities:

Puerto Rico faces default as governor plans to address island
(DBN)

Puerto Rico debt rescue plan engulfed in Great Recession 'bailout' politics Wall Street Funds Battle By Proxy In Congress Over Puerto Rico Bailout Bishop eyes new Puerto Rico bill after recess House fails to act as Puerto Rico's debt default nears Puerto Rico Debt Deadline Looms With Washington Still Haggling Paul Ryan Treads a Tricky Line on Puerto Rico Congress, Thanks But No Thanks On Puerto Rico Proposal The Plot Against Puerto Rico
(DBN)

Congress Should Have Fixed Puerto Rico's Looming Default But Went Home Instead
(DBN)

Puerto Rico senators reject debt moratorium bill as bond payment deadline looms
(DBN)

Puerto Rico may face onslaught of lawsuits as default looms large
(DBN)

A Control Board for Puerto Rico
(DBN)

This Puerto Rico default is different
(DBN)

Puerto Rico to scrap tax increase amid economic crisis
(DBN)

Puerto Rico government bank reaches debt deal with some credit unions
(DBN)

Puerto Rico Delays Some Bond Payments as Default Looms
(DBN)

As deadlines come and go, Puerto Rico's debt crisis grows
(DBN)

Puerto Rico Development Bank Won’t Make Most of a Debt Payment Monday
(DBN)

Puerto Rico Debt Crisis: Entrepreneurs Hope To Reinvent Island's Economy Despite Looming Defaults
(DBN)

Puerto Rico at risk of largest default yet on $470M of obligations 5 Things You Should Know As Puerto Rico Confronts Its Next Unpayable Debt Puerto Rico Delays Some Bond Payments as Default Looms
(DBN)

Here's How We Can Get Some Attention on Puerto Rico
(DBN)

Would a Puerto Rico default hurt all municipal bonds ?
(DBN)

Which Puerto Rico Bond Defaults Next? A 1,600% Yield Says It All
(DBN)

East Cleveland may soon be forced to choose between firefighters and police
(DBN)

Governor Rick Snyder's role in Detroit bankruptcy vs. Flint water crisis
(DBN)

DPS to union: We are out of money at end of June DPS: No teacher paychecks, summer school after June 30
(DBN)

Is Atlantic City about to make N.J. history by defaulting on debt?
(DBN)

Atlantic City, America’s Worst-Rated Town, Stares at Default
(DBN)

Atlantic City Stokes Ambiguity on Making May Bond Payment
(DBN)

As Atlantic City flounders, Speaker Prieto fiddles
(DBN)

____________

Oil/Gas:

With Energy Bankruptcies, Uncertainty is Certain
(DBN)

Sabine: rejection of gas gathering agreements in restructuring
(DBN)

Mon.: Oil prices retreat from 2016 highs on OPEC output boost Oil prices fall as investors continue to cash in on April’s fast run
(DBN)

Oil falls as traders cash in after 3 weeks of gains Oil rally on “thin ice,” echoes short-lived 2015 price jump
(DBN)

What's Really Driving the Oil Markets?
(DBN)

Saudi Russia Fight For China Market Make Oil Price A Sham
(DBN)

OPEC Oil Output Surges as Iran Looks to Regain Market Share
(DBN)

Russian oil output down in April, but still close to record
(DBN)

Dallas Fed's Kaplan warns of more oil volatility Dallas Fed Cautions on New Oil Bubble
(DBN)

Deep-water drillers face worst times in decades as OTC approaches
(DBN)

Why Pipelines Could Soon Feel The Next Devastating Phase Of The Oil Bust
(DBN)

Why oil majors still pay lush dividends as profits plunge
(DBN)

US oil drillers cut rigs for 6th week to Nov 2009 lows -Baker Hughes Rig count falls by more than 3 percent in a week
(DBN)

U.S. shale firm's bankruptcy exit shows new chapter just as tough
(DBN)

Ultra Petroleum files for bankruptcy Ultra Petroleum Files for Bankruptcy, Citing $3.9 Billion Debt Wyoming's Largest Gas Producer Files For Bankruptcy If A Company Declares Bankruptcy And No One Announces It, Did It Really Happen? First Day Dec
(DBN)

Midstates Petroleum Files Voluntary Chapter 11 Petitions to Facilitate Pre-Arranged Balance Sheet Restructuring First Day Dec
(DBN)

Survival, not growth, is the new mantra in the oilpatch’s great war on costs
(DBN)

U.S. Energy Secretary sees oil supply, demand rebalancing in a year
(DBN)

Chevron Posts a Wider-Than-Expected Loss in the First Quarter
(DBN)

Exxon posts smallest profit since 1999 Exxon's Worrying Lack of Worry
(DBN)

Phillips 66 earnings fall as refining margins plummet
(DBN)

Halliburton, Baker Hughes Said to Call Off $28 Billion Merger Deal Collapses Amid Global Opposition
(DBN)

Gulf Keystone Strikes Deal With Creditors As Deadlines Loom
(DBN)

Denver oil and gas company sued by SEC files Chapter 7 bankruptcy
(DBN)

Seadrill Agrees With Banks in First Step Toward Refinancing
(DBN)

Saudi Arabia’s post-oil reform vision looks blurry Saudis Heed an Oil Warning From History
(DBN)

U.S. reliance on foreign gas drops to lowest level since 1980s
(DBN)

____________

Coal:

If Peabody is bankrupt, then who has the money?
(DBN)

A Crusader in the Coal Mine, Taking On President Obama
(DBN)

Clinton heads back to coal country
(DBN)

Faced with massive cleanup bill, state lowers Peabody Energy self-bonds by $138 million
(DBN)

It's not looking too good for the coal industry
(DBN)

The End of Coal and What it Means for Transport
(DBN)

____________

Celebs:

Photographer Annie Leibovitz on personal loss and almost going bankrupt
(DBN)

____________

Television:

' American Idol ' Owner Files for Chapter 11 Bankruptcy ' American Idol ' Production Company Going Bankrupt
(DBN)

Core Entertainment Wins Approval to Tap Lenders' Cash
(DBN)

____________

Fraud:

Indicated Wisconsin businessman filed for bankruptcy protection
(DBN)

Huntington fighting big-money judgment tied to con-man customer
(DBN)

April 2016 Ponzi Scheme Roundup
(DBN)

____________

Corporate Reform:

SEC Will No Longer Accept Stained Cocktail Napkins Cover In Scrawled Happy Faces And Exclamation Points As Profit Metric
(DBN)

The Yates Memo: What Impact So Far?
(DBN)

____________

Food/Beverage:

Who Owns Bankrupt Retailer Premier Cru's Wine?
(DBN)

____________

Education:

Chicago State lays off a third of its staff; Rev. Jackson blasts Rauner
(DBN)

For some, Chicago State a flawed but final shot at a degree
(DBN)

____________

Travel:

Won't Check $20M Violin, Thrown Off Flight
(DBN)

____________

Advisors:

Jefferies restructuring banker Jänne to join Rothschild: sources
(DBN)

____________

Debt Collection:

Debt Collection Litigation in the Cross Hairs: CFPB’s Consent Order Against New Jersey Law Firm Creates More Problems Than Solutions
(DBN)

____________

Banking:

FCA warns Deutsche on ‘serious’ financial crime control issues
(DBN)

Dudley says Fed’s ability to help faltering banks still flawed
(DBN)

____________

New Bankruptcy Opinions
(9 new opinions today - DBN)

Bankruptcy Court Web/Pacer Site Directory

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

Recent Ch. 11 Filings (33 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (110 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)

______________

Contempt:

Ex-billionaire Tim Blixseth refuses judge's order to account for diverted cash Jailed Montana resort founder invokes right to silence
(DBN)

Ex-cop is jailed until he reveals computer passwords; appeal claims Fifth Amendment violation
(DBN)

____________

Professional Compensation:

Caesars Fee Monitor Reviewing Rate Increases
(DBN)

____________

Miscellaneous:

The Week Ahead
(DBN)

Fifth Circuit Report: First Quarter 2016
(DBN)

____________

Avoidance Actions:

In Madoff Fraudulent Transfer Cases, Bankruptcy Court Focuses on Intent of the Transferees
(DBN)

____________

Litigation:

‘Objection To Form’: The Value Of Specific Objections At Deposition
(DBN)

____________

Valuation:

A Texas Bankruptcy Lawyer's Blog: Texas Judge Says You Don't Have to Act Rashly to Value a Truck
(DBN)

____________

Retailing:

Illinois Treasurer pressures Radio Shack to surrender rebate funds
(DBN)

____________

Accounting:

Valeant and Alere: Just the Tip of an Accounting Iceberg?
(DBN)

___________

Pharma:

Valeant Pharmaceuticals: Is Bankruptcy Ahead? With CEO Pearson set to bow out, Valeant files much-delayed annual report
(DBN)

Valeant Guts Board as It Shifts Strategy, Attempts Fresh Start
(DBN)

____________

Religion:

Study: Most U.S. pastors in financial hardship
(DBN)

____________

Mining:

Westpac Warns of Rise in Consumer Defaults on Mining Slowdown
(DBN)

____________

Sovereigns:

Fitch Highlights Mozambique Default Risk With Rating Cut on Debt Hidden loans leave once-promising Mozambique with heavy costs
(DBN)

____________

UK:

UK retailers in a world of hurt
(DBN)

Socceroo great Lucas Neill reported bankrupt
(DBN)

Number of Britons going into ' bankruptcy light' rises 8.2%
(DBN)

Sports Direct billionaire Mike Ashley has a plan to save BHS with no job losses
(DBN)

Administrators on the spot with BHS and Austin Reed collapses
(DBN)

BHS tripled the money its companies owed each other in just three years
(DBN)

BHS and Clerys highlight the urgency for labour law reform
(DBN)

Tina Green to face questions from MPs over BHS collapse
(DBN)

BHS owner took off on helicopter tour of BHS stores just days after buying chain
(DBN)

Goldman Sachs could be dragged into inquiry over BHS' collapse
(DBN)

BHS has lessons for the state of pension regulation
(DBN)

____________

EU:

Eurozone economy sends mixed signals
(DBN)

European Junk Revival Stalls as Biggest Borrowers Head to U.S.
(DBN)

Euro zone factory growth weakens in April despite heavy discounting
(DBN)

____________

PIIGS:

Italy Approves Laws to Speed Up Bad Loan Recovery
(DBN)

Italy Jobless Rate Falls to Lowest Since 2012 on Recovery Pace
(DBN)

Greece completes agreement with creditors on sale of NPLs BoG Governor: Agreement Between Greece and Creditors a Matter of Days Greece, Germany, IMF: Someone Has To Blink – The Short Answer Gov't, creditors seek to thrash out compromise on measures before Eurogroup
(DBN)

U.S. Foreign Policy Got In The Way Of Helping Greece, Greek Ex-Official Says
(DBN)

Nama writes off €1.5bn owed by 80 of its debtors
(DBN)

Is Portugal the Next EU Crisis?
(DBN)

____________

Canada:

Alberta and Calgary lead way in insolvency increases as oil slump drags on Calgary bankruptcies soaring
(DBN)

Contributing to Lac-Megantic fund doesn’t mean the Feds accept responsibility: Garneau
(DBN)

Trouble in Toronto as developer struggles in city's booming market
(DBN)

The high risk world of syndicated mortgages
(DBN)

US Steel Canada granted creditor protection until July
(DBN)

Why Canada's Oil Industry May Never Be the Same
(DBN)

____________

Mexico:

Mexico's ICA eyes pre-pack bankruptcy for some units
(DBN)

____________

Ghana:

Association urges government to speed up Insolvency Bill
(DBN)

____________

South Korea:

Korea to discuss ways to finance restructuring
(DBN)

Shipbuilder restructuring takes toll on Geoje Island
(DBN)

Creditors of Hanjin Shipping may approve rehabilitation program
(DBN)

Hanjin Shipping needs $1 bn to keep afloat over next two years: report
(DBN)

____________

Asia:

Moody's raises default rate for Asian corporate high-yield borrowings
(DBN)

____________

China:

Yingli Signals Bankruptcy Risk as Loss Widens , Sales Fall
(DBN)

China April official factory activity PMI expands, but at slower pace China manufacturing PMI unexpectedly slips as stimulus fades
(DBN)

____________

Brazil:

Brazil's Worsening Corporate Credit Crisis Hits Bank Profits
(DBN)

Sete Brasil to file for bankruptcy protection as early as Friday: sources
(DBN)

____________

Czech Republic:

Czech coal group OKD prepares for possible bankruptcy
(DBN)

____________

Australia:

Termination upon insolvency: Financial markets and Australia’s proposed insolvency law reforms
(DBN)

Draft delay irks Bell creditors
(DBN)

Clock ticking for small Arrium creditors
(DBN)

Australia's Ever-Growing Debt Pile Set to Peak Within Six Years
(DBN)

Atlas, Arrium opposites for best practice in a debt crisis
(DBN)

____________

Cuba:

Britain's Hammond, Cuba's Castro agree on debt restructuring
(DBN)

____________

India:

All you wanted to know about insolvency and bankruptcy code
(DBN)

With No Takers For Kingfisher House, Creditors To Put Kingfisher Logo & Tagline Up For Auction
(DBN)

Bankruptcy code to secure 2 years' wages: MP Bhupender Yadav
(DBN)

Ambitious new bankruptcy code may take years to clean up India's debt mess
(DBN)

All you need to know about India’s proposed Insolvency and Bankruptcy Code
(DBN)

____________

Bahamas:

Sarkis: Baha Mar Bid From Me 'Impossible'
(DBN)

____________

Venezuela:

Venezuela’s economic woes deepen: No more beer
(DBN)

Venezuela's 'deepening power crisis' could cut off its oil production
(DBN)

'We want out of this agony': What it's like to eat in a country that's on the verge of collapse
(DBN)

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