June 16, 2015

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

Format For Mobile Device




Law:

U.S. Supreme Court bars some fees sought by bankruptcy lawyers Professionals Are Not Entitled to Fees for Defending Fee Apps Biglaw Firm Suffers SCOTUS Defeat
(DBN)

The 25 US law schools that offer the best financial aid
(DBN)

Chapman & Cutler Adds NY Bankruptcy Partner
(DBN)

Bankruptcy Lawyer: How to get through a 100-mile race
(DBN)

Bankruptcy Lawyer: How To Love A Lawyer
(DBN)

Rolling Out The App, Polsinelli Authors Say "The Devil Made Us Do It"
(DBN)

Jacksonville Bankruptcy Bar Association installs 2015-16 leadership
(DBN)

An Interesting Dilemma For Laid-Off Lawyers
(DBN)

For In-House Counsel, Work Is Happening Online
(DBN)

4 Ways Associates Screw Up
(DBN)

The Firm That Topped The 2nd Annual ATL Summer Trivia Showdown
(DBN)

New Lawyers In Solo Practice Incubators Are Starving For Work
(DBN)

Colorado court: Workers can be fired for using (legal) pot off-duty
(DBN)

Asked to appeal capital sentence, BigLaw lawyer gets pro bono client freed from prison
(DBN)

Lawyer is accused of trying to hire hit man after poisoning attempt fails
(DBN)

______________

Judges:

A View from the Courtroom: The Goldbergs
(DBN)

Federal judge sees late-night deadline issue as ‘sad commentary’ on lives of associates
(DBN)

6th Circuit criticizes federal judge who told lawyer to shut up, improvised jury instruction
(DBN)

Hacks Desperately Try To Disprove Deflategate
(DBN)

______________

Wall Street:

Stock futures drop on Fed, Greece worries
(DBN)

U.S. stocks slide on disappointing data, Greek financial woes
(DBN)

Only one business on Wall Street has been growing consistently since the crisis
(DBN)

Wall Street’s best are doing better than ever
(DBN)

______________

Layoffs:

Gap plans to close stores, cut jobs
(DBN)

National and State by State Unemployment Rates
(DBN)

Animated Map of Unemployment
(DBN)

______________

Healthcare:

Woodlands-based health system files for Chapter 11 San Antonio hospital could be sold Future of Loop 1604 medical campus clouded by Victory Healthcare's bankruptcy filing
(DBN)

EPCH: Running the numbers
(DBN)

Millennium Loan Plunges as Lab Tester Negotiates U.S. Settlement
(DBN)

____________

Food/Beverage:

Saladworks acquired for $16.9M
(DBN)

____________

Art:

Art investor accused of hiding long-lost JMW Turner painting worth £20m
(DBN)

____________

Retailing:

Gap to close 175 stores and lay off 250 HQ workers How millennial shoppers have made Gap's 'basic' look obsolete
(DBN)

New Frederick’s of Hollywood’s owner Authentic Brands Group will wholesale to department stores, partner with retailer
(DBN)

Anna's Linens Files for Chapter 11 Protection, Aims to Sell Chain
(DBN)

____________

Politics:

Jeb Bush announces bid for 2016 presidential run Jeb Bush's Truth-O-Meter record
(DBN)

____________

Weather:

What cuts to California water rights really mean
(DBN)

Class Warfare Started with California Drought
(DBN)

____________

Communications:

New (strategic) buyer emerges for Standard Register, tops previous $275M bid
(DBN)

Financial advisors for unsecured creditors sent $400K bill to Standard Register for April
(DBN)

____________

Mining:

Molycorp skipping an interest payment Molycorp to Use Grace Period to Evaluate Ways to Restructure Debt
(DBN)

Resource Tycoon Timis Faces Investor Anger as Miner Implodes
(DBN)

____________

PACA:

Providing Notice Under the Perishable Agricultural Commodities Act: Get it Exactly Right, or Risk Not Getting Paid
(DBN)

____________

Celebs:

50 Cent Wants his Money Back!
(DBN)

SEC charges ex-Mike Tyson financial adviser with fraud
(DBN)

____________


Economy:

Industrial production declines in May NY Fed: Empire State Manufacturing Survey indicates "conditions worsened slightly" in June U.S. factories in a technical recession
(DBN)

Fed on track for September rate hike as economy picks up: Reuters poll Why nobody believes the Federal Reserve’s forecasts
(DBN)

Fed's worst nightmare: The 'ghost of 1937'
(DBN)

Investors can pay now for Fed rate hike, or pay more later
(DBN)

Millionaires control 41% of world's wealth
(DBN)

Yellen's message this week: Rate hikes coming
(DBN)

C’mon Greece, You’re Making It Tougher for the Fed to Hike Rates
(DBN)

Soon North America won't be richest region
(DBN)

Paul Krugman says Davos Democrats are over, and the leading Davos Democrat agrees
(DBN)

11 stunning facts about how Kansas treats the poor
(DBN)

Why your middle-class salary is better than you might think
(DBN)

This sentence explains the striking importance that income inequality has for the economy
(DBN)

US Debt Clock
(DBN

Economic Indicators Dashboard
(DBN)

______________

Real Estate:

US home builder sentiment rises in June: NAHB
(DBN)

Here’s where California went all wrong with the National Mortgage Settlement
(DBN)

These 5 charts show the very best housing markets in America for families
(DBN)

Update: Real Estate Agent Boom and Bust
(DBN)

____________

Municipalities:

How Detroit is rising from the ashes
(DBN)

These common tax breaks are a disaster for small business
(DBN)

____________

Oil/Gas:

Oil falls below $60; natural gas jumps U.S. crude supported by Gulf of Mexico storm Oil Demand Weaker Than Many Expect Here’s what’s fueling a natural-gas price rally
(DBN)

Biggest, Longest Oil Glut in Three Decades Oil Prices Up When They Should Have Fallen
(DBN)

Oil Rout Doesn't Hit Houston's Economy
(DBN)

North Dakota drill rig count drops to lowest since 2009
(DBN)

Sabine Oil & Gas skips $21 million interest payment
(DBN)

Norway's Statoil to cut up to 1500 jobs by end of 2016
(DBN)

U.S. Trustee moves to liquidate Primera Energy
(DBN)

A massive discovery in Mexico could mark the dawn of a new oil boom
(DBN)

This U.S. Shale Play Has Flattened Out Substantially
(DBN)

Willbros continues to sell off business units after spate of investor activism
(DBN)

Petrobras Lowers Rig Activity: Are Drillers Threatened?
(DBN)

____________

Guns:

Gun maker Colt fights for survival as it files for bankruptcy Colt Pulls the Trigger on Bankruptcy Filing Colt Bankruptcy Bucks Surge in Gun Sales Behind Colt's Bankruptcy, Financial Engineering That Backfired Colt Defense targets quick exit from bankruptcy Colt Seeks Bankruptcy Protection After Being Outgunned on Sales Colt Defense LLC Files For Bankruptcy -- Now What?
(DBN)

Colt Backer Faces Test to Hang On To Gun Maker Colt Insider's Bid for Control Sets Up Bankruptcy Court Showdown
(DBN)

Gun maker Colt up for auction. Opening bid: $0
(DBN)

Colt sponsor Sciens locks and loads stalking horse bid of its own Colt’s proposed insider sale to Sciens will heighten scrutiny, temper pace and trigger tension with DIP lenders
(DBN)

____________

Religion:

Minnesota Archbishop Steps Down After Rocky Eight-Year Archbishop John Nienstedt resigns after charges against archdiocese Term
(DBN)

Pope Francis has started making good on his abuse scandal promise
(DBN)

Pope Francis’s anticapitalist revolution launches on Thursday
(DBN)

Vatican orders former archbishop to stand trial for abuse
(DBN)

____________

Skiing:

Willard Mountain files for bankruptcy as owners seek potential buyer
(DBN)

____________

Student Debt:

A default on your student loans can harm someone you may not have guessed
(DBN)

There is a perverse conflict of interest in the student loan business
(DBN)

Guy who suggested you default on your student loans: 'I'm crucified by the pampered elite media'
(DBN)

The high costs of student loan debt
(DBN)

____________

Tech:

Micron stock falls to 14-month low
(DBN)

____________

Coal:

Crunch Time For The US Coal Industry
(DBN)

Bankers see hope for coal despite funding woes
(DBN)

____________

Shipping:

Should industry experts be optimistic about the shipping industry?
(DBN)

____________

 


New Bankruptcy Opinions
(8 new opinions today - DBN)

Bankruptcy Court Web/Pacer Site Directory

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

Recent Ch. 11 Filings (16 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (9 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)-(9)-(10)
(DBN)

Seminars - (Contact us to list your seminar)

______________

Bankruptcy Statistics:

Polsinelli's Jim Bird talks top five distressed industries
(DBN)

______________

Plan Confirmation:

Losing Momentive: A Roadmap to Higher Cramdown Interest Rates
(DBN)

Can You Vote More Than Once? The Bankruptcy Code's Current "Numerosity" Standard Under Section 1126(c) and Possible Reform
(DBN)

____________

Professional Compensation:

Bankruptcy Lawyers Lose Fee Dispute in SCOTUS High court rules against law firm in bankruptcy fee fight Supreme Court Decides Baker Botts L.L.P. v. ASARCO LLC
(DBN)

Explaining Disparities in Professional Fees Charged Private Equity Funds
(DBN)

____________

Fraud:

MF Global: The In Pari Delicto Defense is Alive and Well
(DBN)

____________

Lien-Strripping:

Discussing Bank of America v. Caulkett
(DBN)

____________

TBTF:

Judge Rules in Former AIG Chief Greenberg's Favor in Bailout Trial, Damages: $0.00 A bunch of people wanted to punish the government for bailing out AIG — here's why they all just got hosed Judge rules for ex-AIG CEO Greenberg over 2008 bailout, but no damages Court says Fed broke the law but won't pay a price Moral Victory Pyrrhic victory
(DBN)

How Boies Did It: Relentless Focus on U.S. Unfairness to AIG
(DBN)

In A.I.G. Case, Surprise Ruling That Could End All Bailouts
(DBN)

Andrew Ross Sorkin in SO Wrong about Starr v. Board
(DBN)

Greenberg Won What He Wanted in AIG Bailout Suit Without Damages
(DBN)

Judge Adds The Fed To List Of Financial-Crisis Lawbreakers In AIG Ruling
(DBN)

____________

Gambling:

Casino union planning 'mass civil disobedience' in Atlantic City
(DBN)

____________

Sovereigns:

Nobel Laureate in Economics, Joseph Stiglitz: A Rule of Law for Sovereign Debt Sovereign debt needs international supervision
(DBN)

Ukraine fulfilling all debt obligations, moratorium still an option - minister
(DBN)

____________

EU:

Draghi seeks to keep ECB above Greek fray
(DBN)

Aggressive contagion from Greek crisis engulfs euro zone bonds
(DBN)

Top EU court clears ECB's 2012 bond-buying scheme
(DBN)

____________

PIIGS:

Greek shares fall for third day as euro exit fears grow No sign of reconciliation between Greece, creditors after talks failure Amid turmoil, Greece says it’s ready to resume talks Poll: 7 in 10 Greeks Want the Euro at Any Cost Europe Asks if Greece Could Default Without Exiting Euro Greece's economy faces a major lockdown if it can't agree to a deal to by the weekend
(DBN)

Lenders have already made big concessions to Greece: EU Commission Ball in Greece's court in debt talks: ECB's Draghi Greece Prime Minister Alexis Tsipras Remains Defiant Defiant Tsipras accuses creditors of ‘pillaging’ Greece Greek PM: waiting for creditors to be realistic Greece on 'brink of disaster,' calls emergency meeting ECB will keep funding lifeline for Greece open if banks solvent Greek banks see deposit outflow of $449 million on Monday: bankers Question Time: Is it too late for a Greek deal on its debt? Europe anger at 'amateurish' Greeks US stocks sell off as Greek worries mount Why can't Greece just declare bankruptcy ? Greece must be saved for the sake of Europe Germany's Merkel Faces Tough Test as Greek Bailout Showdown Nears
(DBN)

This man could win if Greece quits the euro
(DBN)

Greek non-payment to ECB not a default: S&P
(DBN)

Unsustainable futures? The Greek pensions dilemma explained
(DBN)

____________

Canada:

Port Hope's Viceroy Homes Ltd. files for bankruptcy
(DBN)

____________

Russia:

Bank of Russia Signals Limits to More Easing After Four Cuts
(DBN)

____________

Africa:

Uchumi Fires CEO Who Rescued Kenyan Retailer From Bankruptcy
(DBN)

____________

MENA:

Qatar's secretive sovereign fund to restructure
(DBN)

____________

Mexico:

Judge approves debt restructuring plan for Mexico homebuilder Geo
(DBN)

____________

China:

China’s debt, not stocks, is too big to ignore
(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 phone or text us at 281-402-3957. You can email us 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 2015