November 19, 2015

The Daily Bankruptcy News

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Law:

Sharon Levine: Refusal to Disclose Insider Pay Breeds Distrust Marc Leder: Focus on Pay Disclosure Misses the Mark Jack Butler: Insider Pay Disclosures Can Spark Troubling Unintended Consequences
(DBN)

Caesars' bankruptcy timeline, lawyers in focus at Chicago hearing Kirkland & Ellis renews fight to stay on lucrative bankruptcy
(DBN)

What it Takes to Become a Big Law Partner Today
(DBN)

Are Lawyers Predisposed to Depression, Substance Abuse?
(DBN)

Student Found Bound And Gagged At Law School Faked Her Own Kidnapping
(DBN)

Are You A Happy Attorney? Are There Happy Attorneys?
(DBN)

After 28-Year Run, Big Law Chair Steps Down at 60 21 Law Firm Leaders Who Hung Up the Crown
(DBN)

The New Threat to Law Firms From Across the Pond
(DBN)

9 questions every professional should be able to answer without thinking
(DBN)

Andrews Kurth Faces $200M Malpractice Verdict Risky Emails and the $200M Malpractice Suit
(DBN)

Here's how the iPad Pro stacks up against the Surface Pro 4
(DBN)

The iPad Pro has a weird software glitch
(DBN)

Ex-prosecutor takes plea in child-p*** case involving client’s children
(DBN)

Prosecutor shot by her husband will handle domestic violence cases
(DBN)

White Lawyer Curses At Black Businesswoman After Nearly Getting Her Arrested For Crime She Didn’t Commit
(DBN)

Meet Fred Rodell — He Has Our Number
(DBN)

Holiday Parties Are Back But Don’t Expect Fist-Sized Shrimps, Multi-Generational O-----
(DBN)

Texas lawyer charged over claims of forcing clients to have s--
(DBN)

Gordon Rees Ends Fee Fight With Alex Rodriguez
(DBN)

Lawyer Writes Stupid Defense Of Ignorance In The Wake Of Paris Attacks Skadden lawyer accused of racism over Paris attacks article
(DBN)

Rough Interview: Applicant For Michigan Police Job Arrested After Background Check Shows Outstanding R--- Charges
(DBN)

Amusement Park Sued for Letting Chimp Smoke and Drink Coke
(DBN)

Elle Woods Is A Badass
(DBN)

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Judges:

Judge accused of coercing young men into s-- in exchange for lighter sentences
(DBN)

Sotomayor says she nearly withdrew her SCOTUS nomination
(DBN)

Judge wasn’t required to help police arrest her fugitive boyfriend, her lawyer says
(DBN)

You Have To See The Shocking Allegations Against This Judge
(DBN)

A Federal Judge And His Twitter Account: A Cautionary Tale
(DBN)

Justice Dept. Fights Public Disclosure of Federal Judge's Racist Emails
(DBN)

The View From Up North: Court Of Appeal Benchslaps Trial Judge
(DBN)

Fresno man found guilty of filing false liens on federal bankruptcy judges
(DBN)

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Wall Street:

U.S. stocks: Dow futures rise, adding to Fed-fueled 248-point gain
(DBN)

U.S. Stocks Rise Before Fed Minutes Amid Focus on Rate-Hike Pace
(DBN)

Wall Street pay has crashed
(DBN)

Expect market meltdown before 2016 election: Stockman
(DBN)

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Layoffs:

Teck Deepens Cutbacks With 1,000 Jobs Culled; Shares Gain
(DBN)

Deutsche Bank Said to Cut N.Y. Traders in Bond Unit Pullback
(DBN)

Magnetation warns of lengthy layoff
(DBN)

National and State by State Unemployment Rates
(DBN)

Animated Map of Unemployment
(DBN)

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Mining:

Glencore's Debt Problems Worsen on Copper Prices Glencore Falls for 10 Days Straight Glencore's Uphill Battle Against Commodities Slump
(DBN)

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Coal:

Arch Coal Debt Fight Heats Up as Group Said to Hire Adviser
(DBN)

Robert Murray's lawsuit to stop 'war on coal' could derail Obama environmental agenda
(DBN)

Judge gives Alpha more time to iron out bankruptcy plan
(DBN)

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Dietary Supplements:

The $40 Billion Snake Oil Industry
(DBN)

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Consumer Finance:

Survey of Consumer Expectations Credit Access
(DBN)

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Gambling:

Caesars' bankruptcy timeline, lawyers in focus at Chicago hearing
(DBN)

Caesars Judge Refuses to Set Date for Reorganization Showdown Judge slows Caesars' push to exit bankruptcy
(DBN)

____________

Electricity:

New Bid From NextEra in Energy Future Bankruptcy NextEra counteroffer for Oncor puts Energy Future, Hunt plan on ice NextEra Energy reenters race for Oncor, challenging Energy Future
(DBN)

____________

Taxis:

Taxi owners team up with lenders to sue N.Y.C. over Uber
(DBN)

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Education:

Falling enrollment prompts 200 layoffs at UM
(DBN)

Trustee Sues USC For Fraudulent Transfer On Behalf of Debtors (Parents) Who Paid $180k For Kids Education
(DBN)

Dartmouth Vice Provost Reportedly Apologizes Over Recent Library Protest . . . To The Protesters Accused Of Using Racial Epithets
(DBN)

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Boating:

Gunboat Files for Bankruptcy
(DBN)

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Healthcare:

NY puts hold on processing of defunct Health Republic claims
(DBN)

Forest Park Medical Center hospitals in Dallas, Fort Worth and Frisco inch closer to possible auction
(DBN)

HDL founder attempts to tap $10M insurance policy
(DBN)

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Retailing:

Fitch Affirms Sears Holdings at 'CC'
(DBN)

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Alternative Energy:

Solar installer sees bright future after bankruptcy
(DBN)

Blackstone's GSO will not backstop SunEdison debt: source
(DBN)

`Insane' SunEdison Is Up, Down, Halted, Closes Up, Drops Again
(DBN)

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Weather:

El Niño Update: Possibly "most powerful on record"
(DBN)

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Economy:

‘Most’ at Fed open to a rate hike in December: minutes FOMC Minutes: "Most participants anticipated conditions could be met by next meeting" Fed minutes suggest reluctance to return to bond buying Breakdown of highlights in October policy meeting
(DBN)

So what exactly is the big problem with ultralow interest rates?
(DBN)

Consumer Credit Defaults Jump; Delinquencies and Foreclosures Fall
(DBN)

Fed's Kaplan: Prudent not to hike in recent months
(DBN)

The New Dallas Fed President Has a Very Different View Than His Predecessor
(DBN)

Can Anything Stop Companies From Loading Up on Debt? UBS Says No.
(DBN)

The Argument for a 70% Pay Raise for Women
(DBN)

The Unanswered Question Behind Wage Inequality
(DBN)

Goldman CFO: 'The biggest question for all us out there is we've never really been stress tested'
(DBN)

Three charts show how emerging markets are getting crunched by their corporate debt boom
(DBN)

US Debt Clock
(DBN

Economic Indicators Dashboard
(DBN)

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Real Estate:

A scarcity of real-estate appraisers is bad news
(DBN)

Housing starts post largest monthly decline since February Housing Starts decreased to 1.060 Million Annual Rate in October
(DBN)

MBA: Mortgage Applications Increase in Latest MBA Weekly Survey, Purchase Applications up 19% YoY
(DBN)

AIA: "Architecture Billings Index on Solid Footing" in October
(DBN)

Renters aren’t saving to buy a house
(DBN)

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Municipalities:

Puerto Rico nears default as debt deadline looms
(DBN)

Puerto Rico Legislature Approves Fiscal Adjustment Board
(DBN)

Source: San Bernardino City Manager Allen Parker to leave post Dec. 31
(DBN)

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Oil/Gas:

US crude dips below $40 for first time since August Oil cracks $40 on global supply glut, may go to $30 The chart that says crude oil is going to $26
(DBN)

Dallas Fed CEO says crude glut could persist until 2017
(DBN)

Saudi oil head: Crude output will lag demand As Global Oil Demand Increases, So Do Supplies
(DBN)

Are low prices finally curing low crude prices?
(DBN)

Big Oil : Premature To Talk Of A Bottom
(DBN)

Why OPEC Can’t Win The Oil Price War
(DBN)

Analyst: Oil Supply and Demand to Rebalance in 2016
(DBN)

OPEC’s Bad Bet By The Numbers Saudi Arabia is pumping its way into a major crisis
(DBN)

North Dakota's Bakken pumping less oil for first time in decade
(DBN)

Texas Job Loss Estimate Offers Grim Outlook for Future
(DBN)

The Black Market For Black Gold In The U.S. Is Booming
(DBN)

Iona Energy facing insolvency after restructuring deal falls through
(DBN)

Earnings Growth for Leveraged Loan Issuers Slows as Energy Cos. Struggle On
(DBN)

Why Oil Will Crash Again in 2016
(DBN)

____________

Politics:

Donald Trump on closing mosques: 'We're gonna have no choice' Trump Fact Check: The federal government is sending refugees to states with governors who are "Republicans, not to the Democrats." Donald Trump is only extending his lead in a key early state — and there are some warnings signs for Ben Carson Donald Trump on President Obama: 'This job is not for him' Repeat after me: Obama is not admitting 100,000, 200,000 or 250,000 Syrian refugees Donald Trump learned his aggressive legal style from 'the king of intimidation'
(DBN)

Jell-O, Steel, Play-Doh: What Voters Think 2016 Candidates Are Made Of
(DBN)

Carson Wins on Personality, Trump on Action in Bloomberg Poll Ben Carson is fading fast in the latest Fox News New Hampshire poll
(DBN)

Elizabeth Warren Calls Corporate-Profits Proposals a ‘Wet Kiss’ to Tax Avoiders
(DBN)

Elizabeth Warren Tells a Story About Hillary Clinton, Wall Street and Lobbying
(DBN)

Warren: Big companies should pay more after tax reform
(DBN)

For Hillary Clinton, Bernie Sanders, a Slap Fight Over Health Care
(DBN)

Rubio Fact Check: Ted Cruz "is a supporter of legalizing people that are in this country illegally" and "proposed giving them work permits."
(DBN)

____________

Fraud:

Madoff victims to soon recoup another $1.18 billion Madoff Victims Approved by Court to Receive $1.5 Billion More
(DBN)

Madoff recovery efforts still going strong
(DBN)

____________

Student Debt:

The Eternal Pursuit to Collect: Due Process Rights and Actions to Collect on a Debtor’s Defaulted Student Loans
(DBN)

Lenders taking more borrowers to court over student loans
(DBN)

Student Loan Debt Continues to Impact Homeownership
(DBN)

Servicers Serve the Interests of the Lender, NOT the Student Loan Borrower
(DBN)

Separate Treatment of Student Loan Must Not Unfairly Discriminate
(DBN)

____________

Non-Profits:

Milwaukee YMCA fundraising campaign millions short of $3.8M year-end goal
(DBN)

____________

Debt Collection:

E.D.Pa. Clarifies Interplay Between FDCPA and Bankruptcy Code
(DBN)

____________

Religion:

Diocese of Helena developing retail center to boost funds
(DBN)

____________

Music:

Rdio Seeks to Tap $3M Loan, Sell Intellectual Property to Pandora
(DBN)

____________

Autos:

GM Judge Nuances His Earlier Rulings and Sets Out Permissible Ignition Switch Lawsuits
(DBN)

VW faces major spending cuts, regulatory deadlines
(DBN)

Australian law firm says to seek around A$10,000 per faulty vehicle from Volkswagen
(DBN)

____________

Mass Torts:

Florida Supreme Court: Jury verdict of $6.6M reinstated against asbestos supplier, Union Carbide
(DBN)

Company Sanctioned for Not Preserving Asbestos Documents
(DBN)

____________

Financial Literacy:

Less than half of the world's population can answer this incredibly simple financial question
(DBN)

____________

Concerts:

SFX Entertainment CEO decides not to bid for his company
(DBN)

____________

Food/Beverage:

A Supermarket Chain Shelved by Regulators
(DBN)

____________

 


New Bankruptcy Opinions
(5 new opinions today - DBN)

Bankruptcy Court Web/Pacer Site Directory

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

Recent Ch. 11 Filings (36 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (7 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)

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Bankruptcy Statistics:

HI: Bankruptcy filings up in October
(DBN)

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Gifting:

Funds Earmarked by Section 363 Purchaser to Pay Creditors Need Not Be Distributed in Accordance With Bankruptcy Code's Priority Scheme
(DBN)

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Mootness:

The Ninth Circuit Reins In the Equitable Mootness Doctrine
(DBN)

____________

Plan Confirmation:

Eleventh Circuit Weighs In on Section 1123(d): Reinstatement of Defaulted Loan Agreement Under Chapter 11 Plan Requires Payment of Default-Rate Interest
(DBN)

____________

Recharacterization:

Tenth Circuit: Recharacterization Remedy in Bankruptcy Is Alive and Well
(DBN)

____________

Bankruptcy Forms:

Major Overhaul Of Federal Bankruptcy Forms, Plus An Accompanying Rule Amendment, To Take Effect December 1, 2015
(DBN)

____________

Avoidance Actions:

Ruling exposes Lyondell investors to clawback over 2007 buyout
(DBN)

Critical Vendor May Be Absolute Defense to Preference Claim
(DBN)

____________

Personal Bankruptcy:

Ninth Circuit Permits Lien-Voidance for Chapter 20 Debtors
(DBN)

____________

TBTF:

Fed's Dudley: Work Remains on 'Too Big To Fail'
(DBN)

____________

Paper:

Ahead of bankruptcy auction, possible buyers emerge for Lincoln mill
(DBN)

Message at summit: Don't close the book on Maine's pulp and paper mills
(DBN)

____________

Hollywood:

Relativity Bankruptcy : Reorganization Plan Calls for Release of Seven Movies
(DBN)

Relativity Plans to Emerge From Bankruptcy by January, Touts New $100 Million Investment
(DBN)

____________

Celebs:

'Dance Moms' Season 6 Cast 'Afraid' Of Abby Lee Miller After Bankruptcy Fraud Indictment?
(DBN)

____________

Mail:

US Postal Service Lost $5.1B in FY2015
(DBN)

____________

Sovereigns:

Sovereign Debt Update November/December 2015
(DBN)

‘There is a triangle of regression: IMF, vultures and the alliance candidate’
(DBN)

Banks That Endured Argentina Anguish Hope for Payoff After Vote
(DBN)

____________

UK:

City Link verdict is … NOT GUILTY!
(DBN)

Collective redundancies – can directors of financially distressed companies breathe a sigh of relief?
(DBN)

Britain has to raise taxes to 70% and stop funding the NHS if it wants to phase out coal power
(DBN)

UK’s steel suppliers gird themselves against fallout
(DBN)

Resolution Foundation survey shows national minimum wage will force employers to put up prices
(DBN)

UK retail sales slumped in October
(DBN)

UK Wages Still Way Off 2007 Levels
(DBN)

____________

PIIGS:

SkyGreece Airlines goes bankrupt two months after halting operations
(DBN)

Greece's ruling party is showing signs of disillusion hours before voting on a bailout bill
(DBN)

____________

Canada:

What Does Canada Need To Revive Economic Growth?
(DBN)

No 2016 rebound expected for Canada's drilling companies
(DBN)

Opera files for bankruptcy
(DBN)

____________

France:

Mastermind Behind Paris Attacks Killed
(DBN)

____________

Austria:

Group of Heta creditors offers to restructure its claims
(DBN)

____________

China:

Singapore Bourse Warns China Companies Over Account Issues
(DBN)

Truth-Telling on China's Economy
(DBN)

China is running into trouble with its version of 'too big to fail'
(DBN)

____________

Norway:

Iron ore miner declares bankruptcy
(DBN)

Plunge in Norway's oil investments could hurt economy
(DBN)

____________

Ukraine:

Russia Ready for Wider Ukraine Debt Talks If Offer Wins Backing
(DBN)

____________

MENA:

Why Are Dubai Borrowers Fleeing the Country?
(DBN)

____________

Taiwan:

Bullet-Train Chief Pitches Share Sale as Taiwan Provides Bailout
(DBN)

____________

India:

A rethink on the bankruptcy law
(DBN)

State-run banks crack the whip on defaulters, loan recoveries climb
(DBN)

____________

Ukraine:

Deposit guarantee fund to challenge court ruling declared illegal placing Bank Capital on list of insolvent banks
(DBN)

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