April 13, 2016

The Daily Bankruptcy News

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Law:

Pepper Hamilton and Reed Smith are discussing a possible merger • Reed Smith and Pepper Hamilton Discuss the Future • Can A Merger Move Improve Morale At Reed Smith? • Reed Smith confirms merger talks with Philadelphia outfit Pepper Hamilton
(DBN)

Law Firms Boosting Investment in Marketing, Survey Finds
(DBN)

Remember that paralegal mistake that could cost GM lenders $1.5 billion?
(DBN)

New York Professional Responsibility Rules vs. Delaware Corporate Law?
(DBN)

Panama Papers' Law Offices Raided
(DBN)

Tracking the Churn at McDermott Will & Emery
(DBN)

Is your law firm in trouble? These scenarios pose threats
(DBN)

Names emerge in race for Baker & McKenzie global chair
(DBN)

Do Me A Favor — Brag About Yourself
(DBN)

Law firms boosting marketing investment
(DBN)

The Social Side Of Legal Marketing
(DBN)

Beyond Biglaw: Better Than The Dentist
(DBN)

3 Secrets for Being More Confident, Backed by Research
(DBN)

22 signs you're about to be fired
(DBN)

Tech In Trial (Part 3): PowerPoint’s New Killer Feature
(DBN)

New 'power ranking' finds the law school with the most national influence isn't Harvard or Yale
(DBN)

Deutsche Bank freezes plans for North Carolina jobs on transgender law • The Cost of North Carolina's HB2 • North Carolina's governor just tweaked his anti-LGBTQ law. He basically changed nothing. • Does the First Amendment protect religious freedom laws? Here’s what a constitutional expert says
(DBN)

Deputies: Wife set sleeping husband on fire
(DBN)

Stephen King Doubles As Insurance Defense Attorney While Decrying Horror Of Fenway Safety Nets
(DBN)

Lawyer sued for defamation over praise of rival real-estate broker wins at trial
(DBN)

Judge allows infringement claim over Led Zeppelin's 'Stairway to Heaven'
(DBN)

Woman who died alone in jail 'just didn't seem that sick' to medical staff
(DBN)

Lawyer who stole from clients gets 46-month max; ex-clients say it isn't enough prison time
(DBN)

The Troubling Prosecution of Waco Bikers
(DBN)

Judge denies lawyer’s motion to withdraw from representing client who calls him Satan
(DBN)

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Judges:

Garland and Grassley Break Bread, Little Ground • A top GOP leader told Obama’s Supreme Court nominee to his face that he wouldn’t be confirmed
(DBN)

Chair Of Senate Judiciary Committee Defends Decision Not To Confirm Judge Merrick Garland
(DBN)

Poll: Public Wants Senate Vote on Merrick
(DBN)

Constitution Check: Could Obama bypass the Senate on Garland nomination?
(DBN)

Trial judge asks how grenade-like device works: Police officer pulls pin, and it explodes
(DBN)

Supreme Court Fashion Ain’t What It Used To Be
(DBN)

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Wall Street:

U.S. stocks look to join global rally after Chinese exports surge
(DBN)

U.S. stocks extend rally as crude oil soars to 2016 high
(DBN)

Investors Stockpile Cash, In Latest Hint that All’s Not Well for Stocks
(DBN)

10 things you need to know before the opening bell
(DBN)

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Layoffs:

40K Verizon workers set Wednesday strike deadline • About 40,000 Verizon wireline workers launch strike
(DBN)

American Apparel Lays Off Hundreds of Workers
(DBN)

UC Berkeley to eliminate 500 staff jobs
(DBN)

National and State by State Unemployment Rates
(DBN)

Animated Map of Unemployment
(DBN)

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Telecoms:

EY has now banked over $500m from the 2009 Nortel bankruptcy
(DBN)

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Celebs:

50 Cent Let's Make a Deal ... A $23 Million One! • 50 Cent Submits Repayment Plan To Bankruptcy Judge • 50 Cent Close To Ending Money Woes After Rick Ross' Ex Settles For Millions?
(DBN)

Louis C.K. tried to buck the TV system and now he’s millions of dollars in debt
(DBN)

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Coal:

Peabody Energy Files for Chapter 11 Bankruptcy • Petition
(DBN)

Peabody Energy, US Coal Giant, Files for Bankruptcy • Coal Giant Peabody Energy Just Filed for Chapter 11 Protection • Coal giant Peabody files for bankruptcy protection • Peabody , world's top private coal miner, files for bankruptcy • Coal Slump Sends Mining Giant Peabody Energy Into Bankruptcy • Peabody Energy: Post Mortem • The largest U.S. coal company just filed for bankruptcy • Coal miner Peabody Energy seeks Chapter 11 bankruptcy protection • Coal mining giant Peabody files for bankruptcy protection but claims market will stabilize • Peabody Energy Corporation could soar to $10 in a year, analysts say • Peabody Energy deploys the 50 Cent bankruptcy defense • Traders Eye Peabody Energy Peers Following Bankruptcy • The Coal Market Bets Bankrupt Peabody Got Wrong With the Rest
(DBN)

Inside a Western Town That Refuses to Quit Coal
(DBN)

Coal Companies' Secret Funding of Climate Science Denial Exposed
(DBN)

Cheap Natural Gas To Spark Another Wave Of Coal Plant Retirements
(DBN)

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Pensions:

Unprecedented Private Equity Court Decision Collapses Related Funds Triggering Their ERISA Withdrawal Liability for Portfolio Company’s Union Pension Obligations
(DBN)

Defined Benefit Pension Plans: Hungry Octopus Just Took a $4.5 Million Bite out of Private Equity
(DBN)

Chicago’s Prodigal Pension Problem Persists
(DBN)

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Shipping:

Eagle Bulk: 90% Dilution Will Drive Over 80% Downside
(DBN)

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Education:

Looking in All the Wrong Places
(DBN)

12 attorneys general say for-profit college accreditor left 'a massive toll of human devastation' in America
(DBN)

How to deal with a glut of part-time academics? Make them full-time.
(DBN)

Report finds racial bias in the bond market against historically black colleges and universities
(DBN)

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Retailing:

Why Some Retailers May Not Survive
(DBN)

Billabong keeps eye on PacSun restructure
(DBN)

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Healthcare:

SIGA Emerges from Chapter 11 Bankruptcy Protection
(DBN)

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Autos:

VW executives to accept 'significant' bonus cuts to quell unrest
(DBN)

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Alternative Energy:

SunEdison financial woes also threaten yieldcos that hold assets
(DBN)

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Steel:

No Cheer for World's Steelmakers as China Exports Surge 30% • Steelmakers in China Must Cut Output to Curb Crisis, Study Says
(DBN)

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Economy:

IMF cuts global growth forecast, warns of stagnation risk • IMF Forecasts Slow Growth in Developing Nations
(DBN)

The US faces a perfect economic storm
(DBN)

New York Fed Launches Its Own GDP Tracker
(DBN)

Fed's Kaplan says bank can wait
(DBN)

The Slow Growth of College-Graduation Rates
(DBN)

The US economy is facing an 'impossible trinity' that will be a nightmare for investors
(DBN)

The Mohamed A. El-Erian interview: How bad a slowdown do you need as a wake-up call?
(DBN)

In Assessing the Economy’s Strength, Politics Is a Rising Worry
(DBN)

Why the Poor Die Young
(DBN)

Equal Pay Day: the most unequal jobs in America • The financial hypocrisy of shaming women for debt while paying them less
(DBN)

11 charts that explain taxes in America
(DBN)

US Debt Clock
(DBN

World Debt Clock
(DBN)

Economic Indicators Dashboard
(DBN)

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Real Estate:

Documents Undercut US Case for Taking Mortgage Giant Fannie Mae's Profits Released Court Documents Send Fannie, Freddie Shares Soaring
(DBN)

Mortgage Balances, Originations Jump in 2015
(DBN)

Will Foreign Capital Keep Flowing into U.S. Real Estate?
(DBN)

Another bank settles with DOJ over sales of risky mortgages; did it get a better deal than others?
(DBN)

Couple must sue to evict stranger who moved into their vacant home
(DBN)

Bankruptcy judge gives developer of Hawaii project at Waikiki's Ala Wai Harbor more time to come up with funding
(DBN)

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Municipalities:

Puerto Rico Fight Is About Setting Precedents, Bond Insurer Says
(DBN)

House GOP tries to find consensus on help for Puerto Rico • House GOP releases legislation to reverse Puerto Rico's debt • Time running out
(DBN)

Puerto Rico Governor Is Optimistic On Debt-Relief Bill
(DBN)

How a debt crisis is affecting San Juan, Puerto Rico
(DBN)

In financially troubled Puerto Rico, Catholic school teachers lose their pensions
(DBN)

Alternative Atlantic City rescue blasted by Christie will move forward
(DBN)

Democrats grill state official for not intervening in Atlantic City sooner
(DBN)

Glenn Straub Explains Why He's Gambling On Atlantic City And What You Should Know About Donald Trump
(DBN)

Two Steps to Help Young, Low-Skilled Workers in Puerto Rico
(DBN)

Researcher: Improved Flint water still isn't safe enough
(DBN)

As Muni-Bond Crises Build, Pensioner Wins Show Investors' Peril
(DBN)

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Corporate Reform:

A CEO Was Actually Sentenced To Prison Time
(DBN)

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Politics:

Donald Trump dropped a big hint about his potential vice president • Bill O'Reilly tells Donald Trump that many African-Americans are 'ill-educated and have tattoos on their foreheads' • Behind Donald Trump’s Complaint About ‘Rigged’ Nominating Process • Donald Trump Sees Rubio, Walker, Kasich in V.P. Pool • Trump's clash with Las Vegas union highlights his unpredictability • Keith Olbermann Lists Condo in Trump Protest • Richard Nixon would've loved the Donald Trump campaign. He said so himself.
(DBN)

Is Life Better Than It Was Decades Ago? For Trump Voters, Maybe Not
(DBN)

Paul Ryan to Rule Out Being GOP Presidential Nominee, Aides Say • Here's what Paul Ryan is really up to
(DBN)

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Oil/Gas:

Oil field bankruptcy book is finding renewed success amid downturn
(DBN)

Global Oil Glut Should Ease This Year, But Not for the Reason You Think
(DBN)

For oil, it's what happens after Doha that really matters • Oil Producers Risk Severe Price Slump If Freeze Deal Fails • Saudi oil minister dampens hopes for action on crude output: report
(DBN)

Weds.: Oil prices lose steam as investors remain unsure about Doha meeting outcome
(DBN)

Tues.: Oil Climbs Ahead of Doha Meeting • Oil futures aim for 3-week high on hopes for output freeze • Oil settlement is highest of year • WTI Oil at Highest Level Since November
(DBN)

Corporate winners and losers amid the oil price crash
(DBN)

When the oil recovery comes, it won’t look like anything the world has ever seen before
(DBN)

Oil Drillers Feel the Pain as Banks Slash Their Credit Lines
(DBN)

Wells Fargo energy investment unit sought risky deals, faces losses
(DBN)

Energy Loans Key As JPMorgan, Wells, BofA, Citigroup Report Earnings
(DBN)

Peregrine Midstream Files Chapter 11 Restructuring Plan
(DBN)

Saratoga Resources Files Motion To Sell Majority Of Assets
(DBN)

Paragon Offshore Creditors Can Vote on Bankruptcy Exit Plan
(DBN)

Rice Energy Enters into Stalking Horse Asset Purchase Agreement to Acquire 27,400 Net Undeveloped Marcellus Acres
(DBN)

Chevron CEO: oil markets will balance
(DBN)

Is Chesapeake's Recovery a Phoenix-Like Rise or a Dead Cat Bounce? • Chesapeake To Maintain $4B Credit Base, But At What Cost?
(DBN)

Linn Energy - What Investors Would Get In The Case Of Bankruptcy
(DBN)

In Wyoming, Hard Times Return as Energy Prices Slump
(DBN)

Copper Slide May Bring Bad Tidings for Oil
(DBN)

Canada: Oil investment, production expected to stay low until late-2016 recovery
(DBN)

Canada's Scotiabank warns oil firms' credit to be cut
(DBN)

Canadian oil and gas companies struggling to sell assets
(DBN)

Redetermination season: Lenders press oil and gas firms for guarantees
(DBN)

Global Oil Glut Leaves Supertankers in a Huge Traffic Jam
(DBN)

____________

Radio:

Rush Limbaugh Is Facing A Big Pay Cut
(DBN)

____________

Paper:

Verso asks bankruptcy judge to decide valuation spat with Maine town
(DBN)

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Aviation:

American Airlines CEO on profit sharing: 'Nothing in exchange for this' • Profit-sharing scheme does the 'right thing by the team' • 'Obvious something fundamental has changed' within aviation industry • US airlines dealing with ‘entirely different’ environment compared to past • US carriers will fall behind if they don’t believe in fundamental change
(DBN)

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Horse Racing:

NYRA board backs restructuring outside state control
(DBN)

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Fraud:

Connecticut CPA Indicted For $1.5 Million Ponzi Scheme
(DBN)

Victims of $60 Million Ponzi Scheme Set For 19% Recovery
(DBN)

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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 (47 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (4 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)

______________

Valuation:

Are Chapter 11 Valuations Unfair? The Data Say No
(DBN)

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Avoidance Actions:

Seventh Circuit Holds Pre-Bankruptcy Termination of Lease May Be Avoidable Transfer
(DBN)

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TBTF:

Regulators Set to Find Flaws in Big U.S. Banks’ ‘Living Wills’
(DBN)

U.S. banks need more information on how 'living wills' are judged: GAO
(DBN)

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Bankruptcy Crimes:

Idaho Falls woman sentenced for bankruptcy fraud
(DBN)

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Alter Ego:

Bad Children: How One Court Used Alter Ego Doctrine to Uphold Reverse Veil Piercing
(DBN)

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Mediation:

We Need Regional Mediation Hubs for Mega-Case Avoidance Actions — Part Three, a West Coast Example
(DBN)

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Safe Harbors:

Second Circuit Rejects Potential Loophole in the Securities Contract Safe Harbor
(DBN)

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Pharma:

Centerbridge to call default on Valeant • Valeant Receives Default Notice From Creditors After 10-K Delay • Valeant shares plunge on report creditor has called default
(DBN)

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Student Debt:

Maryland county wins fight to ease the burden of student debt for its residents
(DBN)

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Sovereigns:

Argentina seeks end to legal battle with creditors
(DBN)

Argentina reaches another deal with holdout creditors
(DBN)

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UK:

Aberdeen operations hit as firm files for bankruptcy
(DBN)

IMF Says British Exit From EU Could Wreak Severe Damage in UK and Beyond
(DBN)

____________

EU:

EU offers new plan to tackle corporate tax dodging • EU Wants Companies to Disclose Where They Pay Taxes
(DBN)

Eurozone Industrial Output Fell in February
(DBN)

ECB's Knot Calls for Patience as Low Rates Raise Pension Concern
(DBN)

____________

PIIGS:

Italy bank plan sets up fight on bankruptcy reforms
(DBN)

Italy’s “Last Resort” Bank Bailout Fails to Calm Investors’ Fears • Italy economy minister says EU, ECB won't block bank fund -paper
(DBN)

Italian Banks: Why You Can’t Just Throw Money At This Problem
(DBN)

Analysts Cautious About Italy’s Fund to Support Troubled Banks
(DBN)

Italy Seeks Amplified Bad-Debt Punch With $5.7 Billion Bank Fund
(DBN)

Greece: 'Close' to deal with creditors • Athens indicates it will submit reform bills before getting creditors' approval • Greece: Major reforms ready, despite pause in bailout talks
(DBN)

Moscovici Seeks Progress on Greek Debt Relief at IMF, Monde Says
(DBN)

____________

Canada:

Oil companies bucking their commitments
(DBN)

Potential buyer wants U.S. Steel Canada to settle debts
(DBN)

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MENA:

Fitch downgrades Saudi Arabia ratings to AA-minus from AA • Cheap Oil Prompts Fitch To Slash Rating
(DBN)

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Ukraine:

Restructuring of the loans taken out by legal entities: how will the Law influence the situation and what will be the implications
(DBN)

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Brazil:

Crisis-Hit Brazil Threatened by $89 Billion State Debt Time Bomb
(DBN)

Brazil's economic freefall could bring wider fallout
(DBN)

Brazilian senator arrested in corruption probe of the state-run oil producer
(DBN)

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Australia:

Half a dozen ways out of rehab for coal companies
(DBN)

Peabody Aust ops excluded from bankruptcy
(DBN)

Clive Palmer could face court for using Queensland Nickel as 'piggy bank' • Clive Palmer could face jail over Queensland Nickel findings
(DBN)

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India:

Stakes high as India seeks to clean up banks’ balance sheets
(DBN)

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Bahamas:

Izmirlian Seeks to Regain Baha Mar Control
(DBN)

PM Meets With Chinese Bankers Over Baha Mar
(DBN)

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Czech Republic:

Coal Miner NWR Fails to Win Czech Government Bailout at Meeting
(DBN)

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Argentina:

Argentina city facing bankruptcy due to school raffle
(DBN)

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China:

Suspected bankruptcy Chinese online retailer Yummy 77
(DBN)

China Steelmaker Misses 3rd Bond Payment as Defaults Spread
(DBN)

Shandong Shanshui Cement says courts order it to pay creditors $372 mln
(DBN)

China's steel glut: years in the making, years to resolve
(DBN)

China Railway Materials Seeks Debt Restructuring Amid Bond Halt
(DBN)

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Venezuela:

Venezuela: The Land of 500% Inflation
(DBN)

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