September 29, 2015

The Daily Bankruptcy News

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Law:

Dewey Jurors at an Impasse? Dewey Jury Wavers as Deliberations Stretch On
(DBN)

Pillsbury calls mandatory partner meeting as Chadbourne merger talks escalate
(DBN)

Pillsbury Unveils D.C. Litigator as New Firm Leader Pillsbury elects new chair as Chadbourne merger talks continue
(DBN)

Fifth Circuit Upholds Trustee's Removal After He Expenses Hotel Stay With Family
(DBN)

Texas Sees Boom in Lawyer Population
(DBN)

Business of Law
(DBN)

Law firm rainmakers make way for marketing specialists
(DBN)

Why people in these jobs are most likely to marry each other
(DBN)

Bankruptcy Lawyer: What To Do When Everything Sucks
(DBN)

Special Report: The 2015 Global 100 How Firms Are Faring in Five Emerging Global Markets American Law Firms Raise Their Bets on Germany International Firms Grapple with Currency Swings
(DBN)

The Global 100: The World’s Top Law Firms Ranked By Revenue, Profit, And Headcount
(DBN)

Despite Resistance, Law Firms Invest in Sales Staff: Survey
(DBN)

Do Awful Bar Exam Results Affect Big Law?
(DBN)

Professor Reduced To Arguing For The Psychic Benefit Of Law School
(DBN)

Monaco Joins Gavin/Solmonese as Senior Managing Director
(DBN)

Small firm sanctioned nearly $282K by federal judge for pursuing frivolous case
(DBN)

Clinton Says She Let Lawyers Decide Whether Emails Were Work or Personal
(DBN)

In-House: 4 Edits I Have Never Made
(DBN)

"I combined partnership with being a mother of six"
(DBN)

Is This A Great Career Opportunity Masquerading As A Terrible Job?
(DBN)

Just how bad is sitting for your health?
(DBN)

Most Feared Plaintiffs Firms Of 2015
(DBN)

Pope Francis: Government workers have a 'human right' to refuse same-sex marriage licenses Pope Not Infallible On Matters of U.S. Constitution
(DBN)

Apple sold more than 13 million new iPhones this weekend
(DBN)

6 types of coats every guy should have in his closet
(DBN)

7 Ways to Network Like a Millionaire
(DBN)

My experience with the iPhone 6s
(DBN)

Skadden Leads in Deal Rankings Gibson Dunn leaps 14 places in worldwide M&A deal rankings
(DBN)

Law prof sues university over concealed-carry ban
(DBN)

Lawyer obtained credit report of opposing party without permission, ethics complaint alleges
(DBN)

Sheriff Joe Arpaio's Dirty Laundry Aired in Civil Contempt Hearing
(DBN)

Kenyan offers 50 cows, 30 goats, 70 sheep to marry Malia Obama
(DBN)

Great Pumpkin Theft Is Talk of the Nation
(DBN)

Murder trial to resume after shock is administered to defendant for failing to stand
(DBN)

Client shouldn’t be punished with judgment for no-show lawyer at arbitration, appeals court says
(DBN)

Judge Rules Yelp Review Not Covered By First Amendment
(DBN)

Despite lack of law license, man represents clients in court in New York and New Jersey
(DBN)

Beautiful beginnings: Future attorneys find time between studies for a movie — and romance
(DBN)

Ohio Couple Allegedly Robs Bank and Then Posts Celebratory Photos On Facebook Before Being Friended By Ohio Police
(DBN)

‘Good guy with a gun’ goes terribly wrong
(DBN)

Court erupts in laughter as defendant asks to be deported to heaven
(DBN)

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Judges:

SCOTUS: Half the Work, Twice the Fun
(DBN)

Is chief justice another Souter? Not according to this study of 5-4 decisions
(DBN)

Federal judges face rising workloads, creating longer waits for trial
(DBN)

Double Stabbing Outside Courthouse — One Dead, One Injured
(DBN)

Judge says he isn’t an ‘ogre’ and didn’t jail defendants for unpaid fines, despite threats
(DBN)

When Justices Talk About the Pope
(DBN)

Judge removed from bench for promoting ministry is suspended from law practice
(DBN)

Everything You Need To Know About The Big Supreme Court Cases The Justices Will Hear This Term With next term looming, U.S. top court's justices mull new cases
(DBN)

Goldgar On Automatic Stay
(DBN)

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Wall Street:

U.S. stocks set to rebound
(DBN)

Japan Stocks Join Global Selloff as Topix Slumps to January Low
(DBN)

All 10 S&P 500 sectors lower as stock market retreats on global worries US stocks fall sharply on China growth worries Stocks end sharply lower FTSE, Europe, US dive on China , global macro fears Nasdaq plunges 3%, Dow loses 313 points
(DBN)

Stocks dragged south by China and global economic worries
(DBN)

BofA Exec: Markets Will Stay Volatile Until Hike
(DBN)

Goldman Sachs cuts forecasts for S&P 500
(DBN)

Stocks head to lows, may set up for negative year
(DBN)

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Layoffs:

Whole Foods to cut 1,500 jobs Whole Foods revealed firings with this internal memo to workers What job cuts at Whole Foods tell us about the grocer's future
(DBN)

8 biggest job killing companies of 2015
(DBN)

A&P issues layoff warning to 319 workers at Montvale headquarters
(DBN)

6K Haggen Workers Poised to Lose Their Jobs
(DBN)

Searching For The Right Words To Use When Firing Someone? Deutsche Bank’s Got A Script For That
(DBN)

America's Biggest Firings of the Last 25 Years
(DBN)

National and State by State Unemployment Rates
(DBN)

Animated Map of Unemployment
(DBN)

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Mining:

Glencore in Freefall as Analysts See Tougher Restructuring Glencore slumps 30 percent as debt fears grow Shares are down nearly 90% since their listing in 2011 Hope for bondholders remains Glencore bonds plunge as company scrambles for liquidity Commodity Rout Beginning to Look Like a Crisis Hedge Funds Lansdowne, Passport Profit as Glencore Plunges Glencore Treated Like Junk as Traders Demand CDS Payment Upfront Glencore Takes Brunt of Global Commodities Rout Global Markets Feel Glencore's Pain Glencore's Trading `Black Box' Leaves Analysts Split on Future Buyer Seller Chasm May Curb Glencore's Plans to Sell Assets Glencore Must Stem Rumors, Stop Lehman-Like Moment, L&G Says Can Glencore’s Equity Value Be Wiped Out?
(DBN)

Glencore tanks another 29%: Who's next?
(DBN)

Glencore may spark a Lehman moment for miners
(DBN)

Is the Commodity Rout a Canary in a Coal Mine for Miners?
(DBN)

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Autos:

Germany investigates VW's ex-boss over fraud allegations VW Faces Barrage of Litigation Porsche has lost $10 billion on Volkswagen stock Volkswagen to refit cars affected by emissions scandal Hedge Funds Always Knew There Was Some Shady S--- Going Down At VW Plaintiffs’ Lawyers Look to Consolidate VW Emissions Scandal Lawsuits
(DBN)

GM's ‘Dog Ate My Homework’ Must End, Barra Says, as Recall Fades
(DBN)

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Hollywood:

Netflix, Inc. To Oppose Bidding Of Relativity Media
(DBN)

Relativity TV Has Earned $22 Million Since Bankruptcy
(DBN)

Relativity Bankruptcy Judge Approves Incentives for Key Executives Objections to Employee Retention Plan Resolved as Judge Seals Incentive Targets Judge Approves Bonuses for Staffers
(DBN)

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Economy:

Fed's Evans: Later rate hike better for economy Williams still sees a Fed rate hike this year Dudley: Fed still on track for 2015 rate hike
(DBN)

US consumer spending rises; core inflation firms slightly Personal Income increased 0.3% in August Consumer Spending Gain Shows U.S. Is Weathering Global Slowdown
(DBN)

Manufacturing Activity Still Not Bigger In Texas
(DBN)

The richest 10% are getting richer across the US
(DBN)

The Changing Face of America
(DBN)

ATA Trucking Index decreased 0.9% in August
(DBN)

It's Quite Amazing How Much Robert Reich Doesn't Know About Economics
(DBN)

Pew study: Asian immigrants may overtake Hispanics Modern Immigration Wave Brings 59 Million to U.S. There will no longer be a racial or ethnic majority in the US by 2055
(DBN)

Most Republicans don’t want to close the government over Planned Parenthood
(DBN)

Boehner’s exit raises a big worry for the economy
(DBN)

With Redeterminations Looming And Hedges Rolling Off, 4Q 2015 Looks Bleak
(DBN)

Avoiding U.S. Shutdown, Keeping the Same Problems
(DBN)

5 things that keep Carl Icahn up at night
(DBN)

When America Was ‘Great,’ Taxes Were High, Unions Were Strong, and Government Was Big
(DBN)

World Economy About to be Turned on Head
(DBN)

US Debt Clock
(DBN

Economic Indicators Dashboard
(DBN)

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Real Estate:

Freddie Mac: Mortgage Serious Delinquency rate declined in August, Lowest since October 2008
(DBN)

The Case of the Vanishing Guaranty—Issues Facing Commercial Real Property Lenders Regarding Revocable Trust Borrowers
(DBN)

Pending home sales fell 1.4% in August Up 6% year-over-year
(DBN)

Q&A: Zillow Economist Says Fed Move Could Cool Hot Housing Markets
(DBN)

10 cities where home prices hit record highs
(DBN)

Southeast Wichita apartment complex owner files for bankruptcy
(DBN)

San Francisco's red hot housing market has sent half the houses in Berkeley above the $1 million mark
(DBN)

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Municipalities:

Hedge Fund Splitsville Helps Puerto Rico
(DBN)

Can Alphabet Soup Fix Puerto Rico’s Debt Service Issues?
(DBN)

No federal financial control board for Puerto Rico
(DBN)

What's Behind Puerto Rico's Fiscal Deterioration?
(DBN)

Moody's upgrades Stockton, California, lease-revenue bonds
(DBN)

CA: Pension problems have not gone away
(DBN)

The two Detroits: a city both collapsing and gentrifying at the same time
(DBN)

Judge grants motion to end CCFD bankruptcy case Bankruptcy Over, Fire Board Back in Control of CCFD
(DBN)

Connecticut Tax Bonds Draw Buyers Losing Faith in State Pledges
(DBN)

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Aviation:

Republic Air, Pilots Agree to Tentative Three-Year Labor Pact
(DBN)

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Oil/Gas:

Oil prices rise on U.S. crude output view
(DBN)

Oil starts the week lower as the dollar rises and risk aversion soars
(DBN)

Houston offshore driller to cut more jobs
(DBN)

Hercules one of first to exit bankruptcy amidst oil crisis
(DBN)

Why Shell Quit Drilling in the Arctic
(DBN)

New Source Energy Partners Provides Update On Borrowing Base, Facing Deficiency
(DBN)

The Real Estate Crisis in North Dakota's Man Camps
(DBN)

Sanchez Energy to sell midstream assets for $345 million
(DBN)

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Politics:

Donald Trump: Low-income people will file a one-page form with the IRS that says, 'I win' In President Trump’s America, Your Tax Return Looks And Sounds Like Donald Trump Don’t believe the hype. Donald Trump wants massive tax cuts for the rich. Trump Plan Is Tax Cut for the Rich, Even Hedge Fund Managers Donald Trump’s Amazingly Conventional Tax Plan Donald Trump won’t soak the rich, after all Here’s Donald Trump’s full tax plan Donald Trump's tax plan would blow a $10 trillion hole in the budget deficit Trump plan to cut taxes for middle income Americans Trump’s tax mish-mash Trump goes after corporate ‘inversions’ Trump tax plan may help the rich more than Bush's Donald Trump fires back after Marco Rubio dismisses his campaign 'freak show' Donald Trump: 'Putin is a nicer person than I am' Donald Trump bankruptcy: Everything you want to know Now Carl Icahn is endorsing Donald Trump Trump backer Carl Icahn warns of ‘danger ahead’ Latinas say Trump is the worst thing about US A 1980s New York City Battle Explains Donald Trump's Candidacy
(DBN)

Make or break time for Bush
(DBN)

Lawyers drawn into row over Hillary Clinton's emails Yes, Hillary Clinton broke the law
(DBN)

Biden Would Enter 2016 Race As Most Popular Candidate: Poll
(DBN)

Marco Rubio's family leave plan doesn't guarantee people family leave
(DBN)

Top RNC official calls for McConnell's ouster
(DBN)

The system set Boehner up for failure Boehner: GOP hardliners are ‘false prophets’
(DBN)

Elizabeth Warren just delivered the defense of Black Lives Matter other politicians won't
(DBN)

Biden has two weeks to declare for CNN debate
(DBN)

Majority of Americans See Congress as Out of Touch, Corrupt, Focused On Special Interests
(DBN)

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Corporate Reform:

Junior Bankers Risk Being Fired by Wary Bosses, Lawyers Warn
(DBN)

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Personal Finance:

The No. 1 sign you're about to be fired
(DBN)

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Bankruptcy Crimes:

Former Kittery woman sentenced to federal prison for bankruptcy fraud
(DBN)

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Resorts:

Fnm Deputy: 'Is Gov't Interfering With Baha Mar Liquidators Work?'
(DBN)

Pressure on Christie to seal Baha Mar deal
(DBN)

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Distressed Investing:

Richard Rainwater, Billionaire Texas Investor, Dies at 71, Survived By "Queen of DIP"
(DBN)

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Coal:

Bumi Resources Seeks Debt Relief as $4 Billion Burden Gets Heavy
(DBN)

____________

Pharma:

Ariad Pharmaceuticals Appears To Be On The Brink Of Bankruptcy
(DBN)

The drug industry wants us to think Martin Shkreli is a rogue CEO. He isn’t.
(DBN)

Valeant Plummets After Democrats Seek Subpoena Sequoia Fund Managers Suffer $1.2 Billion Loss as Valeant Falls William Ackman could be losing over $600 million on his Valeant stake
(DBN)

____________

Advisors:

Houlihan Lokey Hires Cerberus's Hebble for Private Finance
(DBN)

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Retailing:

Harvest Plaza owner survives bankruptcy , sells shopping center for $15.6M
(DBN)

____________

Software:

Thinkstream CEO may withdraw assistance in bankruptcy case if he isn’t compensated
(DBN)

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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 (14 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)

______________

TIA:

Is an Old Bond Law Complicating Restructurings?
(DBN)

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Bankruptcy Reform:

Overview of Bankruptcy Reform Recommendations and Findings
(DBN)

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Executory Contracts:

Beggars Can’t Be Choosers: Delaware Debtors Not Allowed To Selectively Reject Parts Of An Integrated Contract
(DBN)

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Plan Confirmation:

Third Circuit Allows Purchaser to Gift Non-estate Property to Junior Creditors to Resolve Section 363 Sale Objections
(DBN)

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Professional Compensation:

UST Posts FAQs on Baker Botts LLP v. ASARCO LLC
(DBN)

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IP:

Who Gets Paid? Section 365(n) Royalty Payments Under 'Zombie Licenses' after a Sale of IP
(DBN)

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Corporate Governance:

The Evolution of Fiduciary Duties under Delaware Law
(DBN)

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Safe Harbors:

Safe No More? Court Vacates Opinion Safe Harboring REMIC Payments
(DBN)

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Religion:

Diocese of Gallup brings in $161K from auctions
(DBN)

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Fraud:

New Scam Targets Bankruptcy Filers
(DBN)

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Paper:

Lincoln Paper and Tissue files for bankruptcy, will seek buyer Lincoln tissue company files for bankruptcy
(DBN)

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Healthcare:

UMC considering Children's last and final offer - 'We should know by noon Monday'
(DBN)

County and UMC say no agreement; Children's disagrees
(DBN)

Obamacare's Nonprofit Insurers Are Failing, Predictably
(DBN)

____________

Student Debt:

Elizabeth Warren, Russ Feingold talk student debt at UW-Madison
(DBN)

How Government Bureaucracy Drives Up Student Debt
(DBN)

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Metals:

Alcoa Debt Plunges as Bond Investors Question Future After Split
(DBN)

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Art:

Sotheby's Debt Spike Could Lead to Rating Downgrade by Moody's
(DBN)

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Banking:

September 2015: Unofficial Problem Bank list declines to 276 Institutions
(DBN)

Banker Admits Role in $1 Billion Crash
(DBN)

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Shipping:

Commodities in crisis as shares tumble, shipper files for bankruptcy
(DBN)

More Chinese shipping bankruptcies likely: Fitch
(DBN)

Slower China Growth Hurts Global Shipping
(DBN)

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Biotech:

Behind the biotech bust
(DBN)

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Education:

Judge won't postpone New York Military Academy auction
(DBN)

Recent Grads Less Likely to Agree College Was Worth Cost
(DBN)

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UK:

HMRC prepares for judicial review into Manches administration
(DBN)

Lotus 'loan agreement' in HMRC insolvency proceedings
(DBN)

Insolvency Proceedings: Debt Relief Orders and the Bankruptcy Petition Limit
(DBN)

Advisors collect 18 million from Imtech bankruptcy
(DBN)

RBS Said to Hire Credit Traders in London as Bank Axes 100 Jobs
(DBN)

____________

EU:

Banks Win Fight on Liquidity Measure in EU Bond-Market Overhaul
(DBN)

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PIIGS:

Europe may have no way out of its Greek mess
(DBN)

Endless Greek debt drama has finally hit the US
(DBN)

EU's Dombrovskis Says Greek Rescue, Bank Review Need Progress
(DBN)

Why Spain Pays So Much to Borrow
(DBN)

____________

Japan:

Sunk by slumping rates: Japanese maritime shipper Daiichi Chuo Kisen to file for bankruptcy Japan shipper seeks bankruptcy protection; second dry bulker this month
(DBN)

Nikkei tumbles to 8-month low on fresh China worries, falling commodities
(DBN)

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Brazil:

Shree Renuka's Brazilian cos will file for bankruptcy
(DBN)

Biggest Indian Sugar Refiner Seeks Debt Protection in Brazil
(DBN)

Brazil's Sugar Cane: An Emerging Debacle
(DBN)

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Venezuela:

How Much Longer Can Venezuela Keep The Wolves At Bay?
(DBN)

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Africa:

Zambia's Plea to Ignore Moody's Snubbed as Bonds Slump Zambia's Kwacha Falls Most Since 2001 After Moody's Downgrade
(DBN)

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China:

China Coal Company Fires 100,000
(DBN)

Maybe Owe Money To China? Don’t Go There
(DBN)

Massive Terminations: A 2015 Key Issue for China Labor
(DBN)

Bubble Seen in China Bonds as Record Borrowings Raise Stakes
(DBN)

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