October 17, 2016

The Daily Bankruptcy News

View prior editions: Click Here
View prior case summaries: Click Here
Search prior headlines: Click Here
Search prior case summaries: Click Here

3-Column Formating

 

Law:

Judge reluctantly agrees partner’s equal-pay suit against Sedgwick is likely subject to arbitration Judge Really Bummed Biglaw Discrimination Suit Probably Has To Go To Arbitration
(DBN)

Is Origination to Blame for Women Partners' Lower Pay?
(DBN)

The Dan Markel Case: A Most Interesting Email Update On Dan Markel Murder Investigation The story behind FSU professor's slaying detailed in new evidence
(DBN)

White & Case Names New Bankruptcy Partner
(DBN)

Election Cycle Creates A ‘Perfect Storm’ For Lateral Partner Hiring
(DBN)

The Pink Ghetto: Sexism Is Alive And Well In Law School
(DBN)

Leading New York Law Firms Lag in Including Women and Minorities
(DBN)

Shearman Gambles on Wall Street Rarity: Nonequity Partners
(DBN)

Bankrupt lawyer faces ethics violations after $67 bank overdraft
(DBN)

UK: Cash-strapped young barristers feeling more ‘lost’ and ‘depressed’ than ever
(DBN)

What the Vanishing Trial Lawyer Means for In-House Counsel, and 5 Things They Can Do
(DBN)

Lawyers believe the legal profession is the most stressful
(DBN)

Law firms hire from the smallest pool
(DBN)

What Would You Do As A ‘Non-Lawyer’?
(DBN)

Law Profs At Chicago, Harvard And Michigan Turn To 'Hamilton' As A Teaching Tool
(DBN)

Solo And Small Firm Attorneys: Yes, You ARE Competing With LegalZoom
(DBN)

FBI Director Rejects Talk of Epidemic of Police Bias Against Blacks
(DBN)

Lawyer Takes Dating Advice From Donald Trump, Looks For Someone To . . . ?
(DBN)

Christie Misconduct May Bring Indictment
(DBN)

University Of Houston Obtains Injunction Barring South Texas From Rebranding Itself 'Houston College Of Law'
(DBN)

Inside the Secret Society of Wall Street’s Top In-House Lawyers
(DBN)

A Partner Gives Pole Dancing A Chance
(DBN)

Creepy Clowns No Laughing Matter for This Lawyer
(DBN)

Lawyers Winning Nobel Peace Prizes
(DBN)

Rolling Stone heads to trial on Monday over debunked story about rape
(DBN)

______________

Judges:

Ginsburg: I Shouldn't Comment on Protest Ginsburg reconsiders her comments about ‘dumb and disrespectful’ national anthem protest Justice Ginsburg backtracks, again
(DBN)

Man is sentenced for acid attack on judge at his home
(DBN)

Judge Pleading Guilty To Felony Has One Last Question
(DBN)

How not to pick a Supreme Court justice
(DBN)

Is Eight Enough?
(DBN)

SCOTUS: The Dangerous Empty Seat
(DBN)

Judge Who Tackled Defendant in Court: ‘I Certainly Don’t Regret’ It
(DBN)

Turkish Government Raids Judiciary, Arrests 189 Judges And Prosecutors
(DBN)

______________

Wall Street:

Dow futures fall as stocks seen 'struggling to sustain themselves'
(DBN)

European Stocks Resume Declines as Energy Producers Lead Losses
(DBN)

Stocks close higher after Yellen comments, bank earnings
(DBN)

Goldman Sachs vindicated but bruised in court battle with Libyan fund Judge Doesn’t Care About H-----s In Goldman v Libya Ruling
(DBN)

______________

Layoffs:

Layoffs Watch ’16: Deutsche Bank Considering Relieving Itself Of An Extra 10,000 Employees
(DBN)

Manufacturer Jacobsen laying off about 200 in Charlotte
(DBN)

Charter Laying Off 258 In Charlotte
(DBN)

HP Plans As Many As 4,000 Layoffs As PC Slump Persists
(DBN)

National and State by State Unemployment Rates
(DBN)

Animated Map of Unemployment
(DBN)

______________

Healthcare:

Unbuilt Texas Cancer Center Creditors' Ch. 11 Plan Approved
(DBN)

Theranos Faces Growing Number of Lawsuits Over Blood Tests
(DBN)

In North Carolina, ACA insurer defections leave little choice for many consumers More Than 1 Million to Lose Obamacare Plans as Insurers Quit As Insurers Drop Obamacare, White House Steps Up Sales Pitch Rising Obamacare premiums anger those paying full price
(DBN)

Medicare Unveils Overhaul of Doctor's Pay
(DBN)

____________

Fraud:

Another $100 Million Health Care Fraud Busted in Texas
(DBN)

Ohio Dumps Wells Fargo Wells Fargo CFO: Not Giving Back Bonuses Wells Fargo's Customers Strike Back
(DBN)

Madoff Continues On: Recent Tax Court Case Rules on Treatment of Madoff Account
(DBN)

____________

Autos:

First VW Diesel Fix May Come Soon
(DBN)

____________

Aerospace:

Closed Summerside aerospace companies file for bankruptcy
(DBN)

____________

Celebs:

Kim Kardashian Suing Outlets Claiming She Staged Paris Robbery To Bank Millions From Insurance Company
(DBN)

Curt Schilling’s Video Game Company Settlement Was Undone, Trial Is Possible
(DBN)

____________

Retailing:

Retail Rivalry: Consignment Vendors, Secured Lenders Spar over Priority
(DBN)

NJ: Retail vacancy rate rises to 7.2 percent
(DBN)

This Sears Employee Just Landed the Worst Job in Corporate America
(DBN)

____________

Electricity:

EFH Gets Blessing On Deal Over $122M Wind Farm Claim
(DBN)

____________

Education:

For-profit colleges stay quietly on offense
(DBN)

____________

Economy:

The Next Recession is Coming A Recession in the Next Four Years?
(DBN)

Fed Eyes a High Pressure Economy
(DBN)

Consumers less confident than any time since last year Preliminary October Consumer Sentiment declines to 87.9
(DBN)

Obama Administration: Budget Deficit Increases to $587B
(DBN)

The Economy is Rigged. Just Not That Way
(DBN)

American Dream: Rich Fearful, Poor Believe
(DBN)

The shocking pain of American men
(DBN)

Yellen’s Talk of Hot U.S. Economy Extends October Long-Bond Rout
(DBN)

Caregiving Is Forcing Women 50+ To Leave The Workforce
(DBN)

72% Are Financially Stressed: Here's How To Get Out From Under Money Woes
(DBN)

Retail Sales Increased Slightly in September
(DBN)

As election approaches, U.S. economy chugs along
(DBN)

Fed's Nowcast Up For Q3 and Q4
(DBN)

Study: Growth in Younger Generations Changes Spending Patterns in U.S.
(DBN)

LA area Port Traffic: Exports up Year-over-year in September
(DBN)

Pray For The Billionaires, You Guys
(DBN)

US Debt Clock
(DBN

World Debt Clock
(DBN)

Economic Indicators Dashboard
(DBN)

______________

Real Estate:

The most expensive housing market in every state
(DBN)

2008: Mortgage Settlement Was Imperfect
(DBN)

Forecast: Strongest and weakest housing markets for next year
(DBN)

____________

Municipalities:

Puerto Rico Governor Says Deficit Could Climb to $59 Billion Governor: Puerto Rican rescue to be pricey
(DBN)

It's On: Bondholder Groups Square Off over Puerto Rico Financing
(DBN)

Detroit taxpayers fully funding CFO's rent, airfare
(DBN)

San Bernardino reaches 'momentous' bankruptcy hearing
(DBN)

Financial turnarounds are Gayle Corrigan's specialty
(DBN)

____________

Oil/Gas:

Bankruptcy judge OKs equity committee for Breitburn stakeholders
(DBN)

U.S. drillers add 15 more rigs
(DBN)

Texas Is Making An Energy Recovery Texas Is Making An Energy Recovery
(DBN)

Industry Body Gives ‘Positive Spin’ To 120,000 Lost Jobs
(DBN)

What OPEC's Oil U-Turn Missed: Peak Demand Keeps Getting Closer
(DBN)

Oil prices slip after active rigs increase in the U.S.
(DBN)

Near Term Oil Prices Can’t Go Much Higher
(DBN)

Bankruptcy Rebound? Oil, Gas Companies Bounce Back from Chapter 11
(DBN)

Private Equity Could Help More Mid-Cap Energy Companies Close Deals
(DBN)

Templar Energy sheds debt, continues drilling
(DBN)

The Oil Crash Nightmare For Kazakhstan
(DBN)

____________

Corporate Reform:

Could The Return Of Glass- Steagall Prevent Wells Fargo-Style Debacles?
(DBN)

Lew: Don't Roll Back Wall Street Reform
(DBN)

Fresh off Wells Fargo win, Warren wants to oust an Obama appointee at SEC Despite Record SEC Enforcement Activity, Senator Warren Calls for President to Fire Agency Chair
(DBN)

Consumer Financial Protection Bureau Brought Down A Notch
(DBN)

____________

Politics:

How Would Healthcare Change Under Donald Trump or Hillary Clinton? Clinton, Trump and the Affordable Care Act
(DBN)

Clinton holds 11-point national lead over Trump: NBC/WSJ Poll Hillary Clinton Picks Up Support From Women, Swing Voters to Build Lead Clinton Will Have to Raise Taxes Even More to 'Not Add a Penny' to the Debt Hillary Clinton should accept Donald Trump's drug-test challenge Transcripts of Hillary's Three Speeches to Goldman Sachs Emails: Hillary Treads Lightly with Wall St. Clinton Email: Ring China with Missiles Emails: Nasty Stuff from Clinton in 2008 Clinton Has a Solid Lead Less than a Month Before Election Day Clinton says she can’t recall 20-plus times in Judicial Watch suit; group has ‘carpet bomb’ strategy Wikileaks: Clinton's Advisors Agree To Take Foreign Lobbyists' Money, Forget to Tell Her A Look at More Hacked Clinton Emails
(DBN)

Was Trump’s Tax Loss Trump’s Tax Loss? For Trump, the real dirty word is 'CFPB' Trump: Clinton Should be in Jail and the Election is Rigged Trump is Not Going Away Quietly Democracies Die Without Graceful Losers Rigged Election Claims May Leave Lasting Damage Mike Pence: ‘We Will Absolutely Accept the Result of the Election’ Ex-GOP AG on Trump Jailing Clinton Here’s why 100 business leaders support Trump for president Trump Cuts Ties with Ohio GOP Chairman New Portrait Emerges of a Trump Voter Tech billionaire Peter Thiel is reportedly donating $1.25 million to Donald Trump 'It's a she said, she said, she said, she said, she said, she said, she said, she said, she said situation' Donald Trump Also Gave One of His Accusers Some Really Bad Financial Advice Where Trump Wants to Be Buried Blaming Carlos Slim for Assault Stories Trump Accusers Coming Out of the Woodwork Armed Trump Supporters Protest Dem's Office 'SNL' spoofs the 'second and worst ever' presidential debate 'Boring and unfunny': Donald Trump unloads on SNL over Alec Baldwin's Trump impression Trump attacks ‘SNL’ ‘hit job,’ suggests show part of media conspiracy The Fury and Failure of Donald Trump Trump’s Unlawful Gag Orders and Why He Can’t Handle the Truth Trump Jr. Can't Handle Harassment? Teach Trump is wrong — you can't just 'take the oil' from the Middle East Not Just Trump Wanted to Steal Mideast Oil
(DBN)

In Clash Over Trump Article, a Lawyer's Letter Goes Viral
(DBN)

When Trump goes looking for a media brawl, this feared lawyer steps in
(DBN)

As Trump's Troubles Pile Up, Lawyers Line Up
(DBN)

Why I left the Republican Party to become a Democrat
(DBN)

Toxic Politics Can Lead to Economic Crisis
(DBN)

SCOTUS Matters More to GOP Than Trump
(DBN)

GOP headquarters in North Carolina firebombed, graffiti warns 'leave town or else'
(DBN)

____________

Coal:

Kaye Scholer Clients Achieve Nearly Full Recovery in Arch Coal Chapter 11 Proceeding
(DBN)

____________

Banking:

JPMorgan Q3 Earnings Beat Estimates, Hurt by 86% Credit Loss Increase
(DBN)

Wells Fargo Beats Estimates, Reports Strong Commercial Loan Growth
(DBN)

____________

Aviation:

Creditors chase supply chain operators 'overpaid' before National Air Cargo bankruptcy
(DBN)

SeaPort Airlines Goes Under
(DBN)

____________

Travel:

How to stop wasting your frequent flier miles
(DBN)

____________

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 (26 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (11 new filings today)
(DBN)

Bankruptcy Code (html) - Bankruptcy Code (pdf) Prior BK Codes (pick year from list) - 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)

______________

Committees:

The Equity Committee Trend: When Shareholders of a Bankrupt Company Hope to Get More Than Nothing
(DBN)

____________

Finance:

U.S. Sixth Circuit Holds that Customary Language in Amendment and Restatement Agreements May Extinguish Existing Security Interests via Novation
(DBN)

____________

Structured Dismissal:

Jevic Could Be the Most Consequential Chapter 11 SCOTUS Decision in Many Years Respondents' brief filed
(DBN)

____________

Miscellaneous:

Chapter 11 Watch: Takata, A Hanjin Update And Are Chico’s, Lands’ End Next Up?
(DBN)

____________

Arbitration:

Arbitration Agreements Held Unenforceable in WARN Act Litigation
(DBN)

____________

Setoff:

Lehman Decision Holds that Mutuality Must Exist to Exercise a Right of Setoff
(DBN)

____________

Derivatives:

Trapped Between a Rock and a Hard Place
(DBN)

____________

Torts:

'Crane King' won't sell plane to pay accident victims' families
(DBN)

____________

Food/Beverage:

Roscoe’s House of Chicken N Waffles President/Founder Herb Hudson Removed by Bankruptcy Judge
(DBN)

Restaurant Chains Get Burned by Overexpansion, New Rivals Shakeout comes to U.S. restaurant chains
(DBN)

____________

Radio:

IHeartMedia, Cumulus Creditors Broadcasting Distress Signals
(DBN)

____________

Shipping:

Shipping industry could face $35bn write-off, as NYK’s impairment loss is likely to trigger review by lines
(DBN)

Sinking ships are surprisingly good news
(DBN)

Korea to Inject $2.64 bln into DSME
(DBN)

Another Korean line files for court receivership
(DBN)

Asia-Pacific ports to absorb worst impact of slow growth
(DBN)

____________

Defaults:

With PetroQuest, That’s 133 Defaults So Far in 2016
(DBN)

____________

Religion:

Victims of Priests’ Abuse Face a Choice
(DBN)

____________

Television:

NFL ratings plunge could spell doom for traditional TV
(DBN)

____________

Student Debt:

Here's What the Average American Owes After College
(DBN)

____________

UK:

Young women are much more likely to be insolvent than young men
(DBN)

Predatory funds circling BrightHouse
(DBN)

Uncertain wait for collapsed construction firm creditors
(DBN)

Six Reasons to Be Wary of Brexit Optimism
(DBN)

____________

PIIGS:

Monte Paschi to Pay Fine in Plea Bargain Over False Accounting
(DBN)

Italy Debt Tops 150% of GDP Without Underground, Illegal Economy
(DBN)

Creditors’ Technical Teams Arrive in Greece for Second Bailout Program Review Technical talks with foreign envoys to begin on Monday Creditors head to Athens as Greek economy at crossroads Anti-austerity protesters to march in Athens as technical talks begin
(DBN)

ie: Applications to insolvency service more than double in Q3
(DBN)

Portugal Cuts Economic Growth Forecasts, Sees Higher Debt Ratio
(DBN)

____________

Canada:

Threat of Uber looms large for Vancouver taxi drivers
(DBN)

Trailmobile Canada picks up production slack for bankrupt affiliate
(DBN)

July Records 15 Percent In Insolvencies Rate
(DBN)

____________

India:

Value of assets to decide fees of insolvency professionals
(DBN)

____________

Germany:

Deutsche Bank May Pull Back in US Over Costs
(DBN)

____________

Singapore:

Global debt restructuring hub? S'pore not quite there yet
(DBN)

Singapore economy shrinks 4.1pc in 3Q
(DBN)

____________

Switzerland:

Could there be another bank run in Switzerland?
(DBN)

____________

Australia:

Private equity-backed Byron Group placed in administration
(DBN)

____________

China:

Survival of the Weakest Upends China Investment Logic
(DBN)

____________

France:

Peugeot to cut more than 2,000 jobs in France
(DBN)

___________

 


The Daily Bankruptcy News is primarily a curated news link gathering service.   Most of the headlines contained in the publication are a collection of links to stories posted on the Internet by various third party publications.  Such content is owned by third party sources, not The Daily Bankruptcy News, and in some cases, these links change or expire, which means you may not be able to view some news stories in prior editions of the Daily Bankruptcy News. The DBN subscription fee is not a fee for access to the content of the links, but is a charge for the considerable work involved in gathering, organizing and presenting the links. Use of this site and The Daily Bankruptcy News is subject to our Terms of Use. If you received The Daily Bankruptcy News via email (and you have a paid subscription account), to view a news story, click on the headline, and the story should open in your web browser. To view additional stories, click back to the email and click on additional headlines, which will cause new stories to open in your web browser.  You can view the Daily Bankruptcy News on the web by clicking here.

Advertising
Advertising is available in The Daily Bankruptcy News. Click here for details  Feel free to contact us with any questions.

Passwords/Subscriptions
Access to certain links in The Daily Bankruptcy News is available only to readers holding a paid service subscription. These links are currently marked with a "DBN" notation. The cost of a subscription is $62/year, payable annually.  Volume discounts are available for sites with multiple users. Click here to see a schedule of discounts. Complimentary subscriptions are available for full-time educational and governmental employees and for full time students. For information about discounts or educational/governmental subscriptions, contact us by clicking here. A separate password is required for each member of a firm wishing access to restricted links.

New readers can receive a free password good for 30 days by clicking here. 30-day passwords are not available to readers who have previously had a password, even if the password was associated with a different email address used by the reader. Refunds are not available after purchase.

Readers who wish to change their passwords should click here. Readers who have forgotten their password should click here.

Adding Your Email Address To The Distribution List
If you would like to start receiving The Daily Bankruptcy News by email each day, click here, and fill in the information requested. There is no charge to be placed on the distribution list to receive the headlines, although access to many of the links behind the headlines requires a paid subscription (see above, under Passwords). If, after adding your email address to the distribution list, you do not receive an email confirming the addition, please contact us by clicking here for help.

Removing Your Email Address From The Distribution List
If you already receive The Daily Bankruptcy News by email and you wish to remove your email address from the distribution list, click here and send the email that should appear. You do not need to type anything in the body of the email message. Note that the email asking for removal must be sent from the same email address which is on our distribution list. If you do not receive an email confirming deletion of your email address from the distribution list, contact us by clicking here for help.

If receive the publication forwarded from an older email address, you will need to contact us as described below for help removing that older address from our distribution list.

Press Releases/News Tips
Please send press releases and news tips to admin@bkinformation.com

Contact Us
The Daily Bankruptcy News is published each business day by BKINFORMATION.COM, L.L.C. You can reach us at 281-402-3957 or at accounting@bkinformation.com (email inquiries are usually answered substantially more quickly than phone inquiries). Our mailing address is 935 Eldridge Road, No. 350, Sugar Land, Texas 77478.

Copyright 2016