November 5, 2015

The Daily Bankruptcy News

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Law:

Northwest Salary Wars Continue — And Two Other Markets Get Raises Too
(DBN)

Associate Bonus Watch: Skadden Increases Its Minimum Hours For Bonus Eligibility
(DBN)

Linklaters strengthens restructuring and insolvency practice with hire of Margot Schonholtz in New York US laterals arrive like buses for Linklaters as New York hires second partner in a week
(DBN)

 

Worrying has its benefits, study of law grads finds
(DBN)

Freshfields mourns Washington DC partner after death at office
(DBN)

Can an On-Demand Lawyer Startup Transform the Legal Business?
(DBN)

Are law student loans in danger of default? Not according to past history, law prof says
(DBN)

Legal Education’s Strange Bedfellows
(DBN)

EY legal arm starts recruiting legal trainees
(DBN)

Purchasing legal services on price alone does not always get the best result
(DBN)

CIA Agent S-- Plots, B----- Rescues, And DLA Piper
(DBN)UK: Male barristers create 'vile' atmosphere of s----- banter in courts
(DBN)

Juror is fined $1K for posting on Facebook and causing mistrial
(DBN)

Suspect stabs 5 people at California college before being killed by police
(DBN)

A man tried to steal Serena Williams’s phone. It did not end well for him.
(DBN)

Police Shoot 6 Year Old Boy in Louisiana
(DBN)

Honored Slain Cop? Stole from the Police and Committed Suicide
(DBN)

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Judges:

The Tort Wars Continue for Control of Courts: “Bankrolling the Bench”
(DBN)

Judge charged in federal bribery case is accused of paying FBI agent $100 for copies of texts
(DBN)

That time when the Notorious RBG saved the jobs of two dozen maids at Columbia
(DBN)

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Wall Street:

 

Wall Street down after Yellen's statements
(DBN)

How Led Zeppelin would describe this market
(DBN)

Street counts down to big jobs Friday
(DBN)

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Layoffs:

Dade Medical College, University of Southernmost Florida hit with class action lawsuit by former employees after sudden closure
(DBN)

Kraft Heinz to cut 2,600 factory jobs
(DBN)

Fox-owned National Geographic Partners begins laying off staff.
(DBN)

National and State by State Unemployment Rates
(DBN)

Animated Map of Unemployment
(DBN)

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Pharma:

US insurer caught on to odd billing at Valeant-linked pharmacy Inside Valeant's Decision to Cut Ties With Philidor
(DBN)

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Newspapers:

Tribune Offers $3 Million to Fund Freedom Bankruptcy Case
(DBN)

And the Central District Gets a Big Case – Freedom Communications
(DBN)

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Autos:

Air-bag maker Takata agrees to pay $70M penalty; company is accused of facilitating ‘massive crisis’ Takata crisis deepens
(DBN)

Americans borrowing a record amount for their cars
(DBN)

Union goes after General Motors for retiree health care money
(DBN)

VW PR Disaster Was Totally Predictable
(DBN)

VW's Mea Culpa Implicates All Carmakers
(DBN)

VW crisis begins to hit sales hard
(DBN)

VW was under a 'reign of terror' that led to emissions scandal
(DBN)

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Politics:

This is how Donald Trump used bankruptcy to stay rich Anderson Cooper drops a hammer on Donald Trump after being accused of going easy on Hillary Clinton Donald Trump had a wild interview with CNN's Chris Cuomo Potty-Mouthed Kids Trash Trump
(DBN)

After taking donations from hedge funds holding Puerto Rican debt, Marco Rubio opposed bankruptcy Marco Rubio's Billionaire Backer Likes to Sue Poor Countries Marco Rubio Would Like to Have a Beer With Malala, a Muslim Teen Rubio to release GOP credit card records 'in next few weeks' GOP Establishment Moves Towards Rubio
(DBN)

Carson Fact Check: Says his tax plan wouldn't leave the federal government with a $1.1 trillion hole. Ben Carson: Pyramids Build for Storing Grain
(DBN)

Sanders Takes Gloves Off Against Hillary Clinton in Interview
(DBN)

How Trump or Carson may repeat Eisenhower
(DBN)

Paul Ryan's First Shutdown Fight
(DBN)

Democrats Lost the War for Staying Power
(DBN)

George H. W. Bush: Cheney and Rumsfeld Damaged America
(DBN)

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Gambling:

Caesars bankrupt unit shows net profit of $29.4M in September
(DBN)

Kirkland accused of misleading the court in Caesars case
(DBN)

Never finished Fontainebleau on Vegas Strip to be covered up
(DBN)

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Laundry:

Coyne Has Sale of Business Operations Approved by U.S. Bankruptcy Court
(DBN)

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Fraud:

There's a new way traders are defrauding the market — and they're starting to get busted for it
(DBN)

DLA Piper & Milberg Deny Taking Part in Alleged Facebook Fraud
(DBN)

Watts' fraud and identity theft indictment unsealed; Dog was among plaintiffs in BP oil spill litigation
(DBN)

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Economy:

ADP Report Latest Sign of Cooling Job Market
(DBN)

The whole US economic story told in one chart
(DBN)

This Is the Worst U.S. Earnings Season Since 2009
(DBN)

Lawmakers grill Fed chair on oversight of financial system during contentious hearing Yellen: December rate hike a 'live possibility' US economic data seen supporting December interest rate hike This is the real reason the Fed might hike rates Bond-Market Inflation Gauge Rises to Six-Week High Yellen Neg. Rates on the Table "If Outlook Worsened" Congressman to Yellen: Don't raise. It's God's plan
(DBN)

Consumer Spending in October Surpasses Past Averages
(DBN)

Here are 10 countries more ‘prosperous’ than the U.S.
(DBN)

Gap in services, manufacturing at 14-year high
(DBN)

Portland Maine Rejects $15 Minimum Wage
(DBN)

Congress Again Talking Shut Down
(DBN)

National Debt Sees One Day Record Increase
(DBN)

Pentagon spends millions paying pro sports teams to honor soldiers at games?????
(DBN)

Stressed, Tired, Rushed: A Portrait of the Modern Family
(DBN)

US Debt Clock
(DBN

Economic Indicators Dashboard
(DBN)

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Real Estate:

2nd lawyer avoids conviction in case related to developer's bankruptcy
(DBN)

Dick Bove: Freddie Mac is insolvent
(DBN)

Distressed home sales at lowest level in 8 years
(DBN)

PHH posts another big loss in third quarter
(DBN)

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Municipalities:

Puerto Rico to debate restructuring bill on tight deadline
(DBN)

Puerto Rico Governor Submits Electric Utility Restructuring Bill
(DBN)

Puerto Rico's Debt Crisis and the 1975 Law Complicating Matters
(DBN)

Puerto Rico Crisis Spurs U.S. Bill Seeking Hedge Fund Disclosure
(DBN)

L.A. school district headed for major funding shortfall, panel warns
(DBN)

Kentucky City Goes Bust Due to Land Dispute Lawsuit
(DBN)

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Healthcare:

Plan to purchase Laurel Regional Hospital should be considered carefully
(DBN)

Former All-Med exec submits bid for Univita assets
(DBN)

Dinuba's Alta District Hospital completes bankruptcy plan
(DBN)

Obama Administration Cuts Its Losses with Crumbling Health Care Co-ops
(DBN)

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Corporate Reform:

Deutsche Bank Pays $258 Million to End Fed, N.Y. Sanctions Probe
(DBN)

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Plastics:

Resin supplier Thornton & Co. agrees to sale
(DBN)

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Oil/Gas:

How Parties with Interest May Be Affected By O&G Bankruptcies
(DBN)

Hercules: A Successful Bankruptcy
(DBN)

Oil falls; U.S. crude stockpiles rise yet again
(DBN)

Chesapeake cuts budget again on weak oil and gas prices Chesapeake reports third quarter loss on $5.4 billion charge Low oil and gas prices lead to big writedown at Chesapeake Energy
(DBN)

Offshore driller offers execs extra year's worth of salary to stay with company
(DBN)

Denver real estate firm offers free rent to local oil and gas sector until oil hits $60
(DBN)

Struggling Key Energy exits international markets
(DBN)

Norway oil-rig tender reveals ‘desperate’ drillers in price rout
(DBN)

Marathon Oil plans 29% spending cut, posts loss
(DBN)

Oil companies turn to auctions as downturn grinds on
(DBN)

US Has 10 Keystone XL Sized Pipelines Since 2010, No One Cared
(DBN)

Petrobras Turns Into Worst-Performing Oil Stock Amid Strike
(DBN)

Moody's B3 negative list rises to 228 Moody's list of companies with a B3 rating and a negative outlook or lower grew in size to 228 at the end of October
(DBN)

More oil patch pain in 2016 as drilling activity drops
(DBN)

U.S. has record surplus with OPEC
(DBN)

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Food/Beverage:

The Fall of the Haggen Grocery Chain: A 21st Century Morality Story
(DBN)

One third of A&P stores didn't sell, thousands of job losses expected
(DBN)

Whole Foods dives on earnings miss
(DBN)

The best New York City restaurant for every type of cuisine
(DBN)

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Awards:

National Bankruptcy Conference Elects Four Conferees
(DBN)

Susan Freeman joins Maricopa County Bar Hall of Fame
(DBN)

____________

Celebs:

7 Celebrities Who Lost Everything
(DBN)

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Debt Collection:

The FTC cracks down on abusive debt collectors
(DBN)

____________

Banking:

Guilty plea entered by ex-Federal Reserve bank examiner
(DBN)

____________

Orchestras:

Salem Chamber Orchestra to file for bankruptcy
(DBN)

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Religion:

Jury awards $8 million to victim in Diocese of Duluth trial
(DBN)

____________

Aviation:

Airlines Tangled in Hedges
(DBN)

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New Bankruptcy Opinions
(6 new opinions today - DBN)

Bankruptcy Court Web/Pacer Site Directory

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

Recent Ch. 11 Filings (17 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (51 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:

BK WD NY: Caseload Data
(DBN)

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Bankruptcy Forms:

Bankruptcy’s 2015 National Forms Modernization Changes
(DBN)

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Make-Whole:

Delaware Bankruptcy Court Continues Trend Narrowly Construing Make-Whole Premiums
(DBN)

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Government Contracts:

Government Contract: How Can a Subcontractor Get Paid?
(DBN)

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Personal Bankruptcy:

New Income Numbers Drive Bankruptcy Means Test
(DBN)

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Guaranties:

Think Holding a Guaranty Will Give You Priority Over Other Creditors? Think Again!
(DBN)

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Reopening:

How Long Is Too Long to Reopen A Bankruptcy Case?
(DBN)

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Plan Confirmation:

A Modest Proposal on Exculpatory Clauses: Add a Pinch of Certainty to Incentivize Plan Proponents
(DBN)

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TBTF:

Yellen Raps Biggest Banks, Suggests Relief for Smaller Ones
(DBN)

Yellen Says U.S. Banks Still Have Big Risk-Management Challenges
(DBN)

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Agriculture:

Assignments Of PACA Claims: New Opportunities For Unpaid Produce Sellers, Credit Insurance Companies, Claims Purchasers & Others
(DBN)

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Mass Torts:

Eastern District of Pennsylvania: Bankruptcy trustee may pursue widow’s asbestos-related claims
(DBN)

Chipotle Now Linked to 35 E. Coli Cases
(DBN)

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Student Debt:

Wisconsin Man Challenges Discharging Student Loans in Bankruptcy
(DBN)

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Retailing:

City Sports’ buyer will close all stores Boston's Gordon Brothers in deal to liquidate City Sports
(DBN)

Target announces 13 US store closures
(DBN)

Costco established-store sales fall 1%
(DBN)

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Insurance:

D&O Insurance: Contractual Liability Exclusion Applied to Preclude Coverage for Negligence Claim
(DBN)

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UK:

Regulator told government of its concerns about Kids Company, says director of investigations Michelle Russell
(DBN)

Why people skills matter in the insolvency business
(DBN)

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PIIGS:

U.S. Presses Europe to Take Steps to Reduce Greece's Debt Burden
(DBN)

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Canada:

Bombardier Steps up Lobbying for Bailout
(DBN)

Trudeau's new ministry for climate change spooks oil patch
(DBN)

Trinidad Drilling cuts dividend as losses mount
(DBN)

____________

Germany:

German manufacturing orders fall for 3rd month
(DBN)

____________

India:

Bankruptcy panel calls for insolvency regulator
(DBN)

New bankruptcy bill to speed up shutdown of failed businesses
(DBN)

New law on bankruptcy takes shape
(DBN)

Panel proposes 180-day cap for settling bankruptcy cases
(DBN)

Adopt the insolvency and bankruptcy bill fast
(DBN)

Going for broke: Lenders to get greater say on assets
(DBN)

____________

Bahamas:

$30m Recovery From Leading Clico Asset
(DBN)

____________

Brazil:

Brazil GDP to shrink by 3% Worst Petrobras Strike In 20 Years Endangers Debt Plan
(DBN)

____________

Russia:

Putin Ally Gets $1.3 Billion Assist in Unprecedented Bank Rescue
(DBN)

Fate of Russia's Biggest Private Airline Hangs in Balance
(DBN)

____________

China:

The Good, The Bad and The Ugly in China's Provincial Economies
(DBN)

Shanshui Cement Says Cash Insufficient to Repay Onshore Debt
(DBN)

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