September 25, 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:

Pillsbury And Chadbourne Talk Merger: Will Someone Finally Marry This Old Maid?
(DBN)

More Questions, Still No Answers from Dewey & LeBoeuf Jury
(DBN)

Layoff Watch: Litigators Left Longing For Labor
(DBN)

Reinventing The Law Business: Competitive Advantages In The Law Business
(DBN)

Re-Entry Program for Women Lawyers Expands
(DBN)

Is the Bar Too Low to Get Into Law School?
(DBN)

MBA Applications Soar As Law School Applications Fall To 30-Year Lows
(DBN)

Law Firms Are Learning: Work-Life Balance Isn't Just for Moms
(DBN)

What Happened At This Law School Tailgate?
(DBN)

David Edelberg Joins Sokol Behot
(DBN)

From Pittsburgh to Global Firm: Reed Smith’s Growth Story
(DBN)

Will dropping bar passage rates create too few lawyers for available jobs? Experts assess the stats
(DBN)

Interview Horror Stories: Interviewing With An Emperor
(DBN)

Dentons Suit Against Guinea Over Fees Survives Dismissal Bid
(DBN)

Fox Rothschild’s Chief Privacy Officer: We See Hackers Every Day
(DBN)

Lawyer gets suspension for blog posts about ‘feeding frenzy’ of connected lawyers
(DBN)

SmallLaw Clients (And Why They’re Better Than Biglaw Clients)
(DBN)

What happens when you act too manly at work
(DBN)

15 things the modern gentleman should buy for fall
(DBN)

The 2 best features coming to the new iPhone cameras
(DBN)

The iPhone 6S is available in stores today
(DBN)

Wearable Technology and Lawyers: A Love Story?
(DBN)

Invite—the easiest way to organize meetings on the go
(DBN)

We tried the Starbucks app's new mobile ordering feature
(DBN)

Here's how the iPhone 6S holds up when you bend it
(DBN)

Lawyer who blamed difficulties of solo practice for mistakes in brief won’t get a third chance
(DBN)

77% of prisoners in DOJ recidivism study were rearrested within 5 years
(DBN)

Saudi prince has been arrested on s-- crime charges at a Los Angeles mansion
(DBN)

Lawyer Arrested for Leaving Kids in Car to Handle Court Case
(DBN)

Federal judge rejects Kim Davis’ latest attempt to avoid giving same-sex couples marriage licenses
(DBN)

UK Firm Aghast: "She failed to perform a full 360 degree check"
(DBN)

Ex-prosecutor accused of ‘disruptive conduct’ at adult store agrees to suspension
(DBN)

More police officers charged over deadly shootings in 2015
(DBN)

Arizona city council votes for Christian-only prayers: ACLU warns it’s unconstitutional.
(DBN)

Lawyer’s Facebook status about feeding client’s cat goes viral
(DBN)

Right-Wing Threesome Gone Wrong Led to Mysterious Yale Stabbing-Suicide
(DBN)

‘Dead Soon Enough’ Is A Mixture Of Mayer Brown And A Millennial Detective
(DBN)

______________

Judges:

Scalia: I 'wouldn't be surprised' if SCOTUS overturns the death penalty
(DBN)

Supreme Court Justices Will Join in Papal Events
(DBN)

Catholic Justices Spurn Pope’s Joint Sermon Of Congress
(DBN)

Judge issues ‘report my unsafe driving’ bumper stickers
(DBN)

Justice Alito Positions Himself as Anti-Gay Culture Warrior
(DBN)

Psst! Somebody Nudge Justice Ginsburg Again!
(DBN)

New Jersey Judge Faces Judicial Complaint Over Crude and Personal Comments
(DBN)

______________

Wall Street:

Dow futures surge 200 pts. after Yellen talks rate hike
(DBN)

Global Markets Rebound on Yellen Speech
(DBN)

Stocks Fall
(DBN)

Here's how much the top Wall Street banks have earned in fees this year
(DBN)

______________

Layoffs:

Caterpillar to cut up to 5000 jobs by end of 2016, stock falls 6%
(DBN)

Mortgage servicer Ocwen to cut US workforce by 10 pct
(DBN)

National and State by State Unemployment Rates
(DBN)

Animated Map of Unemployment
(DBN)

______________

Coal:

Walter Energy Judge Says Bankruptcy Headed for `Crash and Burn'
(DBN)

Walter Energy Tries to Salvage Restructuring With New Cash Order
(DBN)

Arch Coal debt swap deadline extended to Oct. 26
(DBN)

Patriot Pressured Over Bankruptcy Plan
(DBN)

Deutsche Bank Questions Patriot Coal Bankruptcy Plan
(DBN)

Goldman Sachs: “Peak Coal” Is Here
(DBN)

____________

Gambling:

Caesars Debt Talks Said to Hit Impasse as Creditor Pact Expires
(DBN)

At Even $7 A Share, Is Caesars A Gurkha Black Dragon In Hiding Or An Exploding Cigar?
(DBN)

Why Caesars Entertainment Corp Dropped Again Today
(DBN)

Audit finds that OTBs in NY face fiscal insolvency Report casts doubt on future of OTBs amid mounting losses DiNapoli: New York's OTBs are headed toward insolvency
(DBN)

____________

Religion:

Pope Francis's speech to Congress, annotated
(DBN)

Why one Republican congressman says he was "disappointed" by Pope Francis
(DBN)

Fox’s Shep Smith: Those angered by Pope’s call to care for poor and environment ‘should consult a mirror’
(DBN)

Pope Francis delivered a speech too progressive for Obama to give
(DBN)

____________

Hollywood:

Relativity Bankruptcy: Trustee Objects To Revised Key Employee Payment Plan
(DBN)

Relativity CEO Ryan Kavanaugh Deposition Could Come Soon
(DBN)

Relativity Bankruptcy: Netflix Says Sale May Threaten Streaming Rights
(DBN)

____________

Fraud:

Founder Of Defunct Charter Flight Company Tried To Defraud Wayne Bank
(DBN)

The 10 Biggest Frauds In Recent US History
(DBN)

Your Loft Could Be in the Bernie Madoff Movie
(DBN)

Michelle Pfeiffer could be Ruth Madoff's twin
(DBN)

Judge approves $40 million settlement in Stanford suit Stanford investors unhappy with BDO's $40 million settlement
(DBN)

US Attorney Preet Bharara Indicts Masterminds Behind Gerova Financial Pump And Dump
(DBN)

____________

Resorts:

Baha Mar breakthrough as CCA returns to resort for ‘analysis and assessment’
(DBN)

____________

Mining:

Glencore Drops to Record Low as Goldman Flags Credit Concern
(DBN)

____________

Aviation:

Sun Country Airlines reaches contract deal with pilots union
(DBN)

Arik Air May Be Bankrupt – Report
(DBN)

____________

Mail Order:

Columbia House Brand Heads to the Auction Block
(DBN)

____________


Economy:

Fed still on track for rate hike this year, Yellen says Janet Yellen: One of these 9 slides makes me think we could get inflation wrong Yellen Fails to Convince This $100 Billion Investor on Rate Move
(DBN)

Jobless Claims in U.S. Increased Less Than Forecast Last Week Weekly Initial Unemployment Claims increased to 267,000
(DBN)

Kansas City Fed: Regional Manufacturing Activity Declined Again in September
(DBN)

US business spending plans measure slips in August
(DBN)

Durable Goods Not In Free Fall As Some Expected
(DBN)

Interest rates are at a 5,000 year low
(DBN)

Junk Deals Get Wary Welcome as Lenders Put Off by Fed Delay
(DBN)

Markets want 'normal,' Fed didn't deliver: Strategist
(DBN)

Yellen's `Uncertainties' Could Imperil Fed's 2015 Liftoff
(DBN)

Will Yellen Bend to Calls for an Immediate Fed Rate Hike?
(DBN)

Consumer Spending Growth Remains Steady
(DBN)

The Pope’s visit is a magnificent case for teleworking
(DBN)

It's All `Perverted' Now as U.S. Swap Spreads Tumble Below Zero
(DBN)

It Is Very Expensive To Be Poor
(DBN)

Rove: Government Shutdown Over Planned Parenthood Would be a Disaster
(DBN)

US Debt Clock
(DBN

Economic Indicators Dashboard
(DBN)

______________

Real Estate:

New Home Sales increased to 552,000 Annual Rate in August 7-Year High
(DBN)

Mortgage delinquencies see biggest annual drop since 2011
(DBN)

More research questions why Treasury snatched Fannie Mae
(DBN)

Look closely: This explosive mortgage lending article actually doesn't make any sense
(DBN)

CFPB, DOJ fine Hudson City $27M for mortgage discrimination violations
(DBN)

Lumber market warned of housing weakness
(DBN)

____________

Municipalities:

Key Puerto Rican debt holders circle wagons as restructuring talks take shape
(DBN)

Puerto Rico's financing arm next in line for restructuring-official
(DBN)

Puerto Rico's Bonds Overshadow Pension Fund Poised to Go Broke
(DBN)

Puerto Rico Loophole Utilized by UBS Targeted by House Lawmaker
(DBN)

Puerto Rico to Respect Bondholders' Protections in Restructuring
(DBN)

Puerto Rico's Biggest Hedge Fund Creditor Group Said to Disband
(DBN)

Lawmakers to Introduce Bill That Subjects Puerto Rico Funds to Federal Regulations
(DBN)

Puerto Rico's economic activity index for July falls 0.7 pct y/y
(DBN)

____________

Oil/Gas:

Oil prices rise as firm Chinese seasonal demand offsets weak Japan data
(DBN)

Gulf Rig Supplier May Be First to Exit Oil-Slump Bankruptcy
(DBN)

Energy Lending Caught in a Squeeze
(DBN)

Banks to pull plug on energy companies
(DBN)

Fracking Firms Struggle to Survive
(DBN)

EIA: Oil firms’ deficit between spending and cash balloons to $50 billion
(DBN)

Four San Antonio energy companies file for bankruptcy
(DBN)

Halliburton Plans More Job Cuts, Mainly in North America
(DBN)

Low prices keep eating into oil and gas investment
(DBN)

TransCanada says its cutting one-fifth of its senior management positions
(DBN)

NOV's David Reid Talks Survival at Oil, Gas Conference
(DBN)

Saudi Arabia's Crude Stockpiles at Record High
(DBN)

Oil Prices - What Does “Lower For Longer” Actually Mean?
(DBN)

Oil prices and stock market are in a strange relationship
(DBN)

Canadian oil has nowhere to go
(DBN)

Primera Energy HQ sale waiting on judge's approval
(DBN)

How Russia’s Oil Companies Are Defying Sanctions and Low Oil Prices
(DBN)

Winners And Losers Of Iran’s Return To The Oil And Gas Markets
(DBN)

Samson’s weakness is a cautionary tale
(DBN)

YPF Said to Plan 2016 Spending Cut as $77 Crude Disappears
(DBN)

Can Part-Time Work Minimize the Number of Layoffs in Oil, Gas?
(DBN)

____________

Politics:

Elizabeth Warren tells Stephen Colbert why she would make a ‘terrible’ presidential candidate
(DBN)

This Republican candidate said we’ll be judged on what we do for the poor. Here’s what he did.
(DBN)

Fact-checking claims about Donald Trump's four bankruptcies Donald Trump's bankrupt character Trump's Hand-Picked Professors at Trump University had previously Declared Bankruptcy Donald Trump Tops Bloomberg Poll With 21% Donald Trump is still leading in a key primary state — but Jeb Bush is nipping at his heels Donald Trump goes off on 'dishonest' reporters who say he's slipping Trump: Not just Clinton; Rand Paul is ‘shrill,’ too Trump pays up $40,000 to get on South Carolina ballot Donald Trump is shedding his playboy image to win support from evangelicals Trump’s Lawyer Threatens “Multi-million dollar” Lawsuit for Attack Ads Against His Client
(DBN)

Donald Trump is in an all-out attack against a surging new rival — and he just fired back
(DBN)

An undeterred Jeb Bush vows 'I'm all in'
(DBN)

Why Do We Care Whose Side the Pope Is On?
(DBN)

From corner office to Oval Office - Even a successful business career is no guarantee of political competence
(DBN)

40% of Americans Want Wall with Canada
(DBN)

Maine Republican Demands Bill To Post Welfare Recipients' Addresses Online
(DBN)

____________

Healthcare:

UMC files emergency motion to present its plan to salvage El Paso's Children's Hospital
(DBN)

Millennium Health Said in Bankruptcy Talks Before Settlement Reportedly to Pay Fine, May Hand Over Company to Creditors
(DBN)

The hedge funder at the center of the drug-increase controversy has a long history of alleged bad behavior A health economist explains the real reason American drugs are expensive
(DBN)

Sabra Grapples With Bankrupt Tenant
(DBN)

Buffalo: Hamburg surgery center approved — with conditions
(DBN)

____________

Mass Torts:

Bankruptcy settlement for railway that caused Lac-Megantic fire goes to court Final approval of oil train settlement is delayed Settlement for railway that caused Lac-Megantic fire inches forward
(DBN)

____________

Food/Beverage:

Sbarro Looks Beyond Food Courts in Post-Bankruptcy Comeback Bid
(DBN)

Haggen asks court for permission to close 100 stores Haggen to exit U.S. Pacific Southwest after bankruptcy filing Haggen closes more Oregon stores as union gets involved in bankruptcy proceedings Haggen Plans To Close California Stores Haggen to close all its Arizona stores Haggen down to nearly bare shelves Haggen to stick with 38 core stores Haggen collapse galls grocery shoppers
(DBN)

A&P: More than 100 bidders in store auction
(DBN)

____________

Chemicals:

Omnova Profit Declines as Sales Tumble
(DBN)

____________

Lehman Brothers:

Eighth Distribution Percentages Announced for Lehman Brothers
(DBN)

____________

Gadgets:

The strange products Quirky is leaving behind
(DBN)

The Real Reason Why Quirky Failed
(DBN)

After Quirky's bankruptcy, big Chelsea offices to have a big new tenant
(DBN)

____________

Non-Profits:

FEGS' bankruptcy tab: $2.7 million and counting
(DBN)

____________

 


New Bankruptcy Opinions
(4 new opinions today - DBN)

Bankruptcy Court Web/Pacer Site Directory

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

Recent Ch. 11 Filings (18 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (8 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)

_______________

Venue:

GAO steps into debate on forum shopping in bankruptcy
(DBN)

____________

Cross-Border:

What Happens in the Bahamas – – Stays in the Bahamas
(DBN)

____________

Priority:

So Long as It's Your Own Money - Third Circuit Allows Secured Creditors to Gift Value to Junior Creditors to Resolve Sale Objection Even When More Senior Creditors Receive Nothing
(DBN)

____________

Substantial Contribution:

Creditors' Expenses Can Be Reimbursed in Ch. 7 Case
(DBN)

____________

Personal Bankruptcy:

Plan May Vest Surrendered Property in Creditor
(DBN)

Comments from Hank Hildebrand on Conduit Payments
(DBN)

____________

Jurisdiction:

Can’t Control Your Emotions? Well, Maybe the Bankruptcy Court Can.
(DBN)

____________

Equity:

Reexamining the Equitable Powers of the Bankruptcy Court After Law v. Siegel
(DBN)

____________

CBAs:

The Rejection and Modification of Collective Bargaining Agreements Pursuant to Bankruptcy Code Section 1113
(DBN)

____________

Broker-Dealers:

Struggling broker-dealer Fintegra files for bankruptcy
(DBN)

____________

Student Debt:

Concerns Grow Over Student Loan Repayment Scams
(DBN)

Debt Relief for Students Snarls Market for Their Loans
(DBN)

Think Students Can't Declare Bankruptcy? Think Again
(DBN)

____________

Autos:

VW to skip bankruptcy but 'German brand' damaged - analyst
(DBN)

Volkswagen is in deep trouble Volkswagen Set to Name Mueller as CEO in Sweeping Overhaul Volkswagen turns to Porsche boss to steer it out of crisis -source
(DBN)

Dirty secrets - Volkswagen's falsification of pollution tests opens the door to a very different car industry
(DBN)

The Inside Story of the CFPB’s Battle Over Auto Lending
(DBN)

____________

Banking:

Defaults More Likely To Drive Bank Stocks Than Janet Yellen's Decision To Hike Interest Rates
(DBN)

____________

Video Games:

Documents shed light on start of disastrous 38 Studios deal A look at the revelations in unsealed 38 Studios documents Inside the 38 Studios scandal: Who knew what, and when?
(DBN)

____________

Education:

Why Shaming Expensive Schools Won't Lower the Price of College
(DBN)

____________

Finance:

High yield bond prices tumble to 2015 low as market eyes Fed, commodities
(DBN)

The State of Asset-Based Lending
(DBN)

____________

Celebs:

Tyga Lawsuits and Taxes Might Mean He Files Bankruptcy Like 50 Cent?
(DBN)

Financial Hardship for Samuel L. Jackson? How Celebrities Get Out of Jury Duty
(DBN)

____________

Currency:

It looks like one of the world's best-funded bitcoin companies is running into trouble
(DBN)

____________

Sovereigns:

IMF chief urges all lenders to join Ukraine debt deal
(DBN)

Kiev stops debt payments, faces technical default
(DBN)

____________

UK:

Begbies bullish about its future
(DBN)

October brings major changes to insolvency law
(DBN)

Wales: National Library facing insolvency unless jobs are slashed
(DBN)

UK steelmakers appeal for help as threat of closures looms
(DBN)

____________

EU:

Pimco Joins BlackRock Bond Manager Predicting ECB Will Expand QE
(DBN)

____________

PIIGS:

Catalonia Isn't Really About to Break Away From Spain, Is It?
(DBN)

Italy's Renzi May Find Reality Bites in Debt Reduction Struggle
(DBN)

____________

China:

China, explained simply with charts
(DBN)

China's Stocks Fall as Capital Outflows Hit Record in August
(DBN)

____________

Brazil:

Petrobras Riskier Than Argentine Peer Shows Confidence Collapse
(DBN)

____________

MENA:

ISIS has a cash-flow problem
(DBN)

Horrific Stampede at Hajj in Saudi Arabia Kills 717 Pilgrims
(DBN)

____________

India:

US CEOs seek faster reforms; PM promises speedier decisions Modi’s India is moving—but not fast enough to impress the US, or beat China
(DBN)

____________

Norway:

Bergen Group's rig services subsidiary declares bankruptcy
(DBN)

____________

Thailand:

Thai Banks Face Biggest Default Since '97 as Steel Venture Fails
(DBN)

____________

Japan:

Japan effectively downgrades view of economy
(DBN)

____________

New Zealand:

Pumpkin Patch in fight for survival as shares plunge
(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