September 9, 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:

New York Outpost Of British Firm Cutting Lawyer Headcount, Including Partners
(DBN)

Layoff Watch: Mass In-House Layoffs After Mega-Merger
(DBN)

LeClairRyan to pay $20M settlement in bankruptcy of client investigated for alleged kickbacks
(DBN)

Surviving A Leadership Coup D’état
(DBN)

Litigation Funder Wins Stake in $213M Renco Bankruptcy Judgment
(DBN)

Revealed: Lawyers are the most right-swiped profession
(DBN)

Mis-scoring Of Bar Exam Continues To Haunt Impacted Students
(DBN)

There’s A Lot More To This ‘Dean Calling Out A Student For Sexism’ Story
(DBN)

Ethical duty to stay abreast of changes in technology
(DBN)

The Dan Markel Case: No Resolution In Sight The Dan Markel Case: Some Updates On The Trials Police Reveal Evidence Tying Adelson Family To Dan Markel's Murder (Including $1 Million Offer To Allow Children To Move To Miami, Communication And Money Trail To Hit Men), But Prosecutors Say It Is Not Enough
(DBN)

Can Two Dozen GCs Bring Diversity to Law Firms?
(DBN)

Decades Of Success In The Courtroom
(DBN)

Jamie Dimon Doesn’t Care That You Work At Skadden Arps
(DBN)

Should You Really Buy the new Apple iPhone 7?
(DBN)

Louisiana’s PD system is so underfunded that tax lawyers and even a prosecutor handle defense work
(DBN)

Ammon and Ryan Bundy won’t be allowed to wear their preferred cowboy attire at trial
(DBN)

Public Defenders: Lawyer with a Pulse Will Do
(DBN)

5 Ideas For Season 2 Of ‘The Night Of’
(DBN)

How Sleep Deprivation Affects Your Day At The Office
(DBN)

Client mounts d---- attack on lawyers after harassment arrest
(DBN)

Trump University Trial May Have to Wait for The Turtles
(DBN)

New Tom Hanks Movie Gets Thumbs Down From Big Law Partner
(DBN)

______________

Judges:

Ginsburg thinks ‘cooler heads will prevail’ in Senate that refuses to vote on Garland nomination
(DBN)

In The Ninth Circuit, Nobody Can Hear You Scream
(DBN)

A Detailed Dive Into The Rape Allegations Against A Former Federal Judge
(DBN)

______________

Wall Street:

U.S. stock futures tilt lower as Fed officials line up to speak
(DBN)

Stocks close lower, Nasdaq snaps 4-day win streak
(DBN)

Desperate traders pin hopes on the Fed and the elections for fall
(DBN)

______________

Layoffs:

Dell to cut 2,000-3,000 jobs
(DBN)

Omaha Power District: 400 jobs to go
(DBN)

Nearly 120 miners facing layoffs in eastern Kentucky
(DBN)

Wells Fargo Fires 5,300 Over Phony Customer Accounts
(DBN)

National and State by State Unemployment Rates
(DBN)

Animated Map of Unemployment
(DBN)

______________

Education:

The for-profit education sector has exploded in the last 15 years — here's why
(DBN)

What's Next for ITT Tech's Students and Their Half a Billion in Debt?
(DBN)

____________

Food/Beverage:

Chipotle's decline is unstoppable
(DBN)

____________

Coal:

Clinton backs bill to protect benefits for ex- coal miners
(DBN)

Peabody Energy’s Pathway Out Of Bankruptcy Leads … Backs To Bankruptcy , Says IEEFA
(DBN)

Why 10,000 coal miners are descending on Washington
(DBN)

US says will keep watch over bankrupt Peabody's self-bonding
(DBN)

As coal declines, 10,000 workers remain to support 120,000 retirees
(DBN)

____________

Fraud:

Wells Fargo reaches $185 million settlement to settle secret account fraud case 5300 Fired For Creating Millions Of Phony Accounts. Um, Where Was Compliance?
(DBN)

Court Orders 91-Day Bar Suspension for Nevin Shapiro's Attorney
(DBN)

____________

Shipping:

The 'ghost fleet' of cargo ships with nowhere to go is going to hurt a lot of US companies
(DBN)

The Ghost Ships of Hanjin and Why They're Spoiling Christmas
(DBN)

Hanjin cargoes in limbo as creditors squeezed
(DBN)

There is a $14B problem bobbing in the ocean
(DBN)

Hanjin Cargo Woes Deepen as Bank Cools Plea for Funds
(DBN)

Assembly slams handling of Daewoo, Hanjin
(DBN)

Bankrupt Boxes
(DBN)

The World Has Too Many Ships and Not Enough Stuff to Put on Them
(DBN)

How The Hanjin Bankruptcy Could Impact Oil Prices
(DBN)

Artist Stranded on Cargo Ship in Pacific Ocean
(DBN)

How low interest rates are brewing a shipping crisis worse than the 1980s
(DBN)

Samsung seeks court order to remove goods from Hanjin vessels
(DBN)

Ports Can Expect Months of Disruption
(DBN)

Situation of Hanjin Shipping Unlikely to Get Better in the Near Future
(DBN)

Korean Air Lines delays decision on funding plan for Hanjin Shipping
(DBN)

From steaks to furniture, Hanjin Shipping collapse to raise freight costs
(DBN)

South Korea’s big three yards to slash manpower by another 30%
(DBN)

____________

Video Games:

Cisco's Network Bugs Are Front and Center in Bankruptcy Fight
(DBN)

____________

Agriculture:

Farmers searching for answers in grain company insolvency
(DBN)

____________

Defaults:

S&P: 2016 Global Corporate Default Tally 50% Ahead of 2015 Pace
(DBN)

____________

Auto Racing:

Grand Prix auction total not so grand
(DBN)

____________

Economy:

U.S. Service-Sector Revenue Growth Accelerated in Second Quarter
(DBN)

Jobless claims dip to 2-month low of 259,000
(DBN)

A Rock-Star Economist's Warning on Low Rates
(DBN)

Why So Few Economists Are Prepared to Say Recession Risks Are Fading
(DBN)

Krugman: The richest Americans should have a tax rate over 70%
(DBN)

Bair: It's Past Time to Raise Interest Rates
(DBN)

What Will It Take to Save the Middle Class?
(DBN)

Fed's Beige Book Shows Rising Wages, but Muted Inflation Pressure
(DBN)

3 reasons a Fed rate hike is off the table till 2017
(DBN)

Consumer borrowing grows by $17.7 billion in July
(DBN)

BofA CEO: The most important part of the US economy is in 'good shape' Bank Of America: There's a 20%-50% chance we're inside the matrix and reality is just a simulation
(DBN)

Wave of profit and sales warnings puts spotlight on new risks companies face
(DBN)

The gig economy keeps growing and that's a problem for the IRS
(DBN)

U.S. lags other countries in wage growth
(DBN)

Making the Fed more like Congress is not a good idea
(DBN)

US Debt Clock
(DBN

World Debt Clock
(DBN)

Economic Indicators Dashboard
(DBN)

______________

Real Estate:

13 markets where you're most likely to see vacant, 'zombie' homes
(DBN)

The 10 most affordable places to buy a home in the US
(DBN)

Wiping out housing's 'zombies': Banks sell off foreclosed remnants of crash
(DBN)

Ocwen given OK to move forward on 17,000 foreclosures
(DBN)

Litigation making success elusive for Santa Fe Railyard
(DBN)

Deutsche Bank faces $2.4 billion-plus U.S. settlement demand
(DBN)

Las Vegas Real Estate in August: Sales up 10% YoY, Inventory down 15%
(DBN)

____________

Municipalities:

What Bankruptcy Law Can and Cannot Do for Puerto Rico
(DBN)

So, Just What Are General Obligation Bonds?
(DBN)

Bankruptcy Not City's Out on Excessive Force Claims Vallejo officers cannot use city’s bankruptcy to reduce excessive force judgment
(DBN)

____________

Oil/Gas:

Crude oil is spiking after the biggest inventory drop in nearly 2 decades Oil pops more than 3 percent after huge crude drawdown Oil prices pull back after rallying on drop in U.S. crude supplies
(DBN)

What’s Behind The Epic Draw In U.S. Crude Stocks?
(DBN)

Resource Energy enters in stalking horse agreement with Samson Resources covering Williston Basin assets
(DBN)

Oil Production Cap Considered Unlikely by Analysts
(DBN)

Texas Revenues Take $1bn Hit on Oil and Gas
(DBN)

Seadrill's Bankruptcy Risk Is Very Real
(DBN)

Halcon Resources $2B Ch. 11 Confirmed, Next-Day Exit Seen
(DBN)

A pessimistic view on Canadian oil and gas: We need to get better faster
(DBN)

Iran oil output stagnates amid OPEC bargaining
(DBN)

OPEC oil exports hit new record
(DBN)

Asia Oil, Gas Layoffs Mount as Industry Recovery Stays Elusive
(DBN)

Only Higher Prices Can Prevent The Imminent Natural Gas Bust
(DBN)

Most Oil Industry Experts See Oil Below $60 Through 2017
(DBN)

____________

Politics:

Trump's 'Take the Oil' Plan Would Violate Geneva Conventions, Experts Say Obama: Trump Not Qualified to Be U.S. President Tough Debate Moderation Won't Stop Donald Trump Trump Time Capsule #98: The Classified Briefing The 30 Million Immigrants Trump Would Turn Away Donald Trump has successfully exhausted our ability to be shocked Trump Nation: Informed Guesses Taibbi: How Trump Lost His Mojo Why Trump is Gaining on Clinton Here's the bill for Trump's military buildup Wall Street Shuns Donald Trump While Backing Republicans Florida newspaper calls for federal investigation into the Trump Foundation Donald Trump’s ‘Big Liar’ Technique
(DBN)

Paul Ryan splits with Donald Trump on Russian leader Vladimir Putin
(DBN)

Reporter to Clinton: If Trump is so bad, shouldn’t you be ‘running away’ with election? 'Unpatriotic' and 'scary': Clinton blasts Trump's declaration that Putin is a better leader than Obama Hillary Clinton Criticizes Donald Trump for Talking About Classified Security Briefing RNC Chairman Reince Priebus Criticizes Hillary Clinton For Not Smiling Nobody ever tells Donald Trump to smile Powell Email to Clinton is Revealing Facts & Falsehoods of the Clinton Foundation Hillary Clinton opens up about being perceived as 'cold and unemotional' Now Powell Goes on Defense Over Emails
(DBN)

Gary Johnson stuns MSNBC host when asked about Syrian city Aleppo Gary Johnson: If I had to choose between Clinton and Trump with a gun to my head, I'd 'let it go off'
(DBN)

Obama breaks into laughter when reporter asks him to respond to Trump's thoughts on his legacy
(DBN)

Who's Winning the Presidential, Senate and House Elections?
(DBN)

House Showdown on Impeaching IRS Chief
(DBN)

How Phyllis Schlafly led America to Donald Trump
(DBN)

____________

Trucks:

Navistar's Third Quarter Loss Widens as Big Truck Sales Sag Navistar Loss Widens , Receives Subpoena From Defense Department
(DBN)

____________

Seafood:

Two main creditors agree to help Oceanus stay afloat
(DBN)

____________

Hotels:

Preparing for the Next Hotel Industry Downturn: How managers and franchisors can protect their interests
(DBN)

____________

Debt Collection:

FDCPA Case Law Review for August 2016, a Busy Month
(DBN)

Modern Day Debtors' Prison? Suit Attacks ‘Hot Check Court'
(DBN)

____________

Media:

Travelers wants out of Hulk Hogan lawsuit
(DBN)

____________

Electricity:

EFH Lenders Say Plan Disclosure Fuzzy On Make-Whole Claims
(DBN)

____________

Turnarounds:

How to Pull Your Company Out of a Tailspin
(DBN)

____________

Retailing:

Mall REITs’ Bid for Aéropostale a New Survival Strategy for Retail Landlords?
(DBN)

New Amazon data from Wall Street should terrify all retail stores in the US
(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 (13 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (116 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)

______________

Bankruptcy Statistics:

Commercial bankruptcies are soaring
(DBN)

August 2016 Bankruptcy Statistics- State and District Commercial Filings
(DBN)

Commercial Chapter 7 Filings by Month, 2015 vs. 2016
(DBN)

______________

Subordination:

Bankruptcy Court Finds No Inequitable Conduct and Rejects Motion to Equitably Subordinate Claim and Deny Credit Bidding Rights
(DBN)

____________

Ch. 13:

BK ND NY Deciding Whether To Adopt National Ch. 13 Plan
(DBN)

____________

Cross-Border:

In Re Sanjel (USA), Inc.: Bankruptcy Court Denies Comity to Canadian Court's Injunction Protecting Officers and Directors
(DBN)

____________

Exemptions:

Judge Ameliorates Louisiana’s Stingy ‘All or Nothing’ Exemption for Wedding Rings
(DBN)

____________

Mediation:

Incongruity = What’s With Bankruptcy Courts Ignoring Federal Mediation Law? (Part 2)
(DBN)

____________

Proofs of Claim:

Divided Court Rules Proof of Claim for Stale Debt Does Not Violate FDCPA
(DBN)

Class Claims In Bankruptcy: Lessons From PacSun
(DBN)

____________

Credit Bidding:

Secured Creditors Can Chill a Bit Following Aeropostale Ruling
(DBN)

____________

Insurance:

Life Partners' Lender Seeks Locke Lord DQ From Bankruptcy
(DBN)

____________

Tax:

Denmark becomes the first nation to pay for the leaked data in the Panama Papers
(DBN)

____________

Mass Torts:

Insurers Want $19M From Asbestos Lawyers
(DBN)

3rd Circ. Won't Rehear Flintkote Property Contamination Suit
(DBN)

____________

Celebs:

'L&HHATL' Star Dawn Heflin Files For Bankruptcy
(DBN)

America's Next Top Model's Jourdan Miller has filed for bankruptcy
(DBN)

SEC seeks ruling to get $101M in unpaid fees from Charles Wyly estate
(DBN)

____________

UK:

OECD Signals Little Impact From Brexit Vote
(DBN)

So what will Brexit really mean?
(DBN)

GCs get set to Brexit
(DBN)

Bankruptcy - what happens if the petitioning creditor has an ulterior purpose?
(DBN)

3 ex-Tesco execs charged over accounting scandal
(DBN)

Sir Philip Green: I am working every day on BHS pension crisis
(DBN)

____________

PIIGS:

Monte dei Paschi CEO steps down as cash call looms
(DBN)

____________

Canada:

Contempt and Bankruptcy: Striking the Right Balance
(DBN)

____________

Brazil:

Brazil's Oi says shareholder meetings still suspended by bankruptcy court
(DBN)

Investors say bid for Brazil's bankrupt Oi can win over creditors
(DBN)

____________

Bahamas:

Ex-Contractor Chief Fears ‘Poor Results’ On CCA Collection
(DBN)

____________

Denmark:

Historic Tax Fraud Rocks Denmark as Loss Estimates Keep Growing
(DBN)

____________

MENA:

UAE Bankruptcy law
(DBN)

Saudi Oger faces huge debt restructuring as rescue talks collapse

____________

Australia:

Insolvency expert uses Bandido biker enforcer to settle debts
(DBN)

____________

South Korea:

Hanjin bankruptcy: Are Korea’s ‘chaebols’ in crisis?
(DBN)

____________

Germany:

Guidelines for creditors participating in financial restructurings
(DBN)

____________

Thailand:

Business Reorganization In Thailand: Steps And Procedures.
(DBN)

____________

China:

Lame-Duck Bankruptcy Institutions Under Government Intervention in Reorganization of Listed Companies in China
(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