April 14, 2016

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:

Struggling Firm May Be Canceling Its Summer Program
(DBN)

ABA opposes proposals that would require many law firms to switch to accrual accounting
(DBN)

Con Law Professor Has Meltdown In Email Blast To Students
(DBN)

Law Firms and Cybersecurity: A Comprehensive Guide for Law Firm Executive Committees
(DBN)

Solos And Small Law Firms Plow Through Associates Too, But They’re Tired Of It
(DBN)

Law ranks fourth in degree salary stakes
(DBN)

Bakers’ leadership race: Will this spell transformation?
(DBN)

The ATL Law Firm Gender Diversity Index (2016)
(DBN)

Should Big Law Firms Take a Stand on Social Issues?
(DBN)

The Pink Ghetto: Law School Is A Breeding Ground For Sexism
(DBN)

The Game of Thrones Begins at Baker & McKenzie
(DBN)

Where Have All the IPOs Gone? To These Law Firms
(DBN)

What Do Millennials Want?
(DBN)

'Panama Papers' law firm: 'We're the ones against whom a crime has been committed'
(DBN)

4 Key Lessons On The State Of Legal Marketing And Business Development
(DBN)

Lawyers: Know Your Role
(DBN)

We now know how the FBI unlocked the San Bernardino shooter’s iPhone: hackers
(DBN)

Hundreds arrested at US Capitol at 'Democracy Spring' protests
(DBN)

NC Governor Scrambles to Stop Religious Freedom Law's Backlash LA: Governor Overturns LBGT Discrimination Ringo Cancels N. Carolina Concert on New Law
(DBN)

'Affluenza' teen sentenced to 2 years in prison
(DBN)

Your Law Firm Partner Is a Jerk. Now What?
(DBN)

Burger King workers are mysteriously being tricked into smashing store windows
(DBN)

Retired NFL star killed in New Orleans was shot in the back 8 times Will Smith Had Gun with Him When Killed
(DBN)

Clarence Darrow’s 12-Hour Closing Argument
(DBN)

Risqué Rompe: Teacher Fired After Winning Dance Contest While On Vacation
(DBN)

The Deep Discount Attorney and other Cautionary Tales
(DBN)

NYPD gets sued after kicking wrong family out of home
(DBN)

Chicago police have 'no regard for the sanctity of life' of minorities, a report finds Chicago Task Force Calls for Police Overhaul, Cites History of Racism
(DBN)

Federal Judge: Confederate Emblem on Mississippi Flag is Anti-American
(DBN)

______________

Judges:

Republicans Finally Confirmed A Judge. Is This Obama's Last One?
(DBN)

10 great novels about the Supreme Court
(DBN)

Woman hopes for change in breastfeeding policy after being told to leave courtroom
(DBN)

______________

Wall Street:

U.S. stocks point south as oil dips; Bank of America results ahead
(DBN)

US stocks close higher led by bank rally
(DBN)

JPMorgan sets bar for banks Q1 earnings JPMorgan profit falls 8%, fails key regulatory test
(DBN)

Ex-AIG Chief Slams Wall Street in Memoir
(DBN)

______________

Layoffs:

National and State by State Unemployment Rates
(DBN)

Animated Map of Unemployment
(DBN)

______________

Politics:

Trump accuses Republican leaders of conspiracy 'Give us all a break': GOP chairman pushes back after Trump blasts 'rigged' primary Dana Milbank: GOP's Priebus is in over his head Trump says contested conventions are undemocratic. Is he right? Super PAC Attacks Trump Over 9/11 Recovery Cash Donald Trump: ‘The Retweets Sometimes Get a Bit Shaky’ Trump Just Hired His Next Scandal Police Investigating Threats Made Against Delegates Who Declined to Support Donald Trump Report: Trump Campaign Manager Corey Lewandowski Will Not Be Charged With Battery of Reporter
(DBN)

For Ryan, bowing 'out' actually keeps him 'in' as a GOP leader
(DBN)

Bernie and the big banks First senator to endorse Bernie Sanders calls for "wholesale rethinking" of US politics Bernie Sanders joins Verizon picket line in NYC
(DBN)

Republicans have a candidate who could take back the White House. They're just not voting for him.
(DBN)

A new electoral-map model finds Hillary Clinton crushing Donald Trump and Ted Cruz
(DBN)

Republicans Consider Skipping Convention
(DBN)

Ted Cruz Is No Fan Of D----- Broke And Desperate, Ted Cruz Comes Crawling Back To Wall Street After His Honeymoon, Ted Cruz Immediately Bought 100 Cans Of Soup
(DBN)

Hillary Clinton-Bernie Sanders Schism Grows on ‘Too Big to Fail’ Banks
(DBN)

____________

Retailing:

Retail sales disappoint, but some reason for apparel optimism
(DBN)

____________

Coal:

Jones Day, Armstrong Teasdale Advise on Big Coal Bankruptcy
(DBN)

We might be witnessing the death of one of America's biggest power sources
(DBN)

Peabody Energy, Citing 'Unprecedented Industry Downturn,' Files Ch. 11, With $800M DIP Loan Peabody Bankruptcy Comes on Heels of Failed Sale of Mines Why Peabody Energy, the world's largest coal company, just went bankrupt Peabody Bankruptcy Puts Environmental Obligations at Risk Peabody Chapter 11, helps draw attention to coal reclamation Coal market bets bankrupt Peabody got it wrong With Peabody bankruptcy , remembering 'Big Hog' Peabody bankrupt , Bowie deal falls through Peabody Energy Bankruptcy May Weigh on Kinder Morgan, Others A Giant Falls, But Its Obligations Remain Bankrupt Peabody's stock plunge to around $1, in one chart Peabody's bankruptcy may speed up clean energy growth Bankrupt Peabody had 'world's largest shovel' What Peabody's Bankruptcy Means To St. Louis Peabody Energy’s Bankruptcy Filing: Top 4 Things You Should Know Peabody's Death Throes Threaten Gas Peabody: reanimator Will a big bankruptcy dim chance of Washington coal port? Peabody Energy’s Bankruptcy Shows the Limits of “Clean Coal”
(DBN)

Peabody First Day Dec
(DBN)

Foresight nears agreement to dodge bankruptcy : report
(DBN)

Hint: It's Not Obama That's Killing The Coal Industry
(DBN)

____________

Defaults:

Fitch: Peabody Pushes US Metals/Mining Loan Default Rate to 29%
(DBN)

____________

Distressed Investing:

A top hedge fund manager that's too hot for some to handle
(DBN)

____________

Toys:

Toys “R” Us bondholders mobilize with advisors
(DBN)

____________

Alternative Energy:

Hawaii Questions Cancellation of SunEdison Solar Contracts
(DBN)

SunEdison Misses Payment on Convertible Bonds, Facing Default
(DBN)

LDK Solar's Cayman Islands registered unit enters liquidation
(DBN)

____________

Celebs:

No, Louis C.K. isn't going broke
(DBN)

Bill Cosby Wants Horrid Deposition Sealed
(DBN)

____________

Telecoms:

Sprint Corp: Bankruptcy Is a Very Real Possibility
(DBN)

____________


Economy:

Auditor warnings on large company solvency hit highest level since crisis
(DBN)

Credit Managers Most Pessimistic on Defaults Since 2009: Survey
(DBN)

Why Aren't Consumers Spending?
(DBN)

Fed Dilemma: Worst Corporation Debt Loads
(DBN)

Fed's Beige Book: Economic activity expanded in the "modest to moderate range" in most Districts
(DBN)

It's Been Rough Coming of Age in the New Century
(DBN)

Americans pay more in taxes than for housing, food, clothes combined
(DBN)

Janet Yellen Talks Transforming the Fed
(DBN)

Yellen says her cautious approach designed to avoid big mistakes
(DBN)

Central banks have it all wrong with their focus on cutting interest rates
(DBN)

The Economy Grew Last Year, But Poor Americans Needed More Charity
(DBN)

IMF Warns Debt Risk Growing From Big Firms in China, Other Emerging Markets IMF Warns of Possible ‘Spiral’ of Waning Growth, Escalating Debt IMF Says Global Financial Risks Rising as Growth Outlook Weakens
(DBN)

Obama Pleased with Fed as Junk Bubble Looms
(DBN)

The Wage Gap Will Cost You Way More Than Half a Million Dollars
(DBN)

IMF warns of rising financial market risks
(DBN)

Retail Sales Fell 0.3% In March As Auto Sales Sputter Spending Loses Momentum: US Retail Unexpectedly Falls
(DBN)

Everything's Looking Up for Consumers, So Why Aren't They Spending?
(DBN)

Elizabeth Warren : Equal Pay Day 'Is A National Day Of Embarrassment'
(DBN)

Women — but not men — save companies millions by behaving like this
(DBN)

The idea of the ‘gender pay gap’ is mostly bogus
(DBN)

1 in 5 big US companies pay no federal income tax
(DBN)

Goldman Sachs: These Companies Could Be Hurt the Most by Rising U.S. Wage Growth
(DBN)

US Corporations Hiding $1.4 Trillion Offshore
(DBN)

US Debt Clock
(DBN

World Debt Clock
(DBN)

Economic Indicators Dashboard
(DBN)

______________

Real Estate:

Goldman Sachs' House of Junk
(DBN)

The mortgage interest tax deduction may fuel inequality, researchers suggest
(DBN)

Homeowners still overestimate what their home is actually worth
(DBN)

MBA: Purchase applications surge to new high
(DBN)

Framing Lumber Prices Up Year-over-year
(DBN)

Elizabeth Warren pushing CFPB for more oversight of nonbank mortgage servicers
(DBN)

FL: Pompano Beach warehouse owner files Chapter 11 to halt $6M foreclosure
(DBN)

New York Commercial-Property Market Goes Cold After Record Year
(DBN)

____________

Municipalities:

Obama administration critical of Puerto Rico debt bill House Puerto Rico Bill Criticized by White House, Conservatives
(DBN)

House Republican' Puerto Rico plan could hurt 'working people' - Pelosi
(DBN)

Paul Ryan faces conservative rebellion over Puerto Rico 'bailout,' needs Democrats' help Republicans writing Puerto Rico fix face attack ads
(DBN)

House faces uphill climb on Puerto Rico relief
(DBN)

Bid to Ease Puerto Rico Debt Crisis Draws Flack in House
(DBN)

Puerto Rico faces defaults as Congress stalls on way to help
(DBN)

U.S. House panel says Puerto Rico bill in limbo as talks continue
(DBN)

Puerto Rico’s Debt Crisis in Seven Questions
(DBN)

Bankruptcy cheerleaders, beware
(DBN)

Puerto Rico rescue plan a dangerous precedent
(DBN)

Puerto Rico is losing a doctor a day
(DBN)

What it would take to make a control board work for Puerto Rico
(DBN)

Puerto Rico rep in D.C. profiting from wife's Wall Street ties
(DBN)

Legislature extends Flint emergency declaration
(DBN)

____________

Oil/Gas:

Weds.: Inventory build helps lead prices lower Oil Falls As Russia Tempers Tone On Output Freeze Doha Oil Meeting Likely to Yield 'Partial Output Freeze'
(DBN)

Trading Houses Predict Cautious Rise In Oil Prices
(DBN)

Oil rally forces nervous investors back into energy junk bonds
(DBN)

Big banks slash credit lines for struggling drillers
(DBN)

Russia optimistic oil-freeze deal can go ahead without Iran
(DBN)

OPEC expects sharper decline in rivals’ oil production
(DBN)

Saudi Arabia Steps Up Drilling Despite Downturn
(DBN)

IEA: Oil Glut to Disappear in Second Half
(DBN)

Energy XXI Files for Chapter 11 Bankruptcy Protection Energy XXI Enters Restructuring Support Agreement With Second Lien Noteholders to Strengthen Balance Sheet and Reduce Debt Energy XXI files for bankruptcy protection Energy XXI Files Bankruptcy After $5 Billion Expansion Spree Petition
(DBN)

The Blatant Dishonesty of Chesapeake Energy
(DBN)

US oil output drop is 'buying time' for OPEC
(DBN)

Oil could rise to $70 this year: Strategist
(DBN)

Why crude oil prices keep taking us by surprise
(DBN)

U.S. Hands Crude Bulls a Gift — With a Monkey’s Paw
(DBN)

Houston energy co. to sell assets amid bankruptcy proceedings
(DBN)

Bad oil loans send JPMorgan's profit falling
(DBN)

Gulf Keystone Delays Bond Payments as Oil Drop Squeezes Finances
(DBN)

____________

Student Debt:

Obama is forgiving nearly 400,000 people's student loans Administration to Forgive Billions in Student Debt for Disabled Americans
(DBN)

Eight tax tricks for those stuck with student loans
(DBN)

Report details how government loans drove up college tuition costs to record-high levels
(DBN)

____________

Pharma:

Big Valeant Bond Investor Calls for Default
(DBN)

Valeant Pharmaceuticals' Prescription For Disaster
(DBN)

____________

Personal Finance:

Last-minute tax moves worth thousands
(DBN)

Elizabeth Warren Wants To Take Down TurboTax
(DBN)

____________

Fraud:

Panama Papers: Mossack Fonseca Was a Tax Shelter Nobody
(DBN)

Tax fraud added to charges against former Vann's CEO
(DBN)

____________

Mining:

Default Call Forgiven as Biggest U.S. Miner Rides Iron-Ore Rally
(DBN)

Fortescue's Debt War Chest Swells to $1.5 Billion
(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 (185 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)

______________

Safe Harbors:

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

____________

Bankruptcy Rules:

Eleventh Circuit Holds that Bankruptcy Rules, not Federal Rules, Apply to Cases Arising Under Title 11 that are Tried in the District Court
(DBN)

____________

UCC:

UCC Sales: Do Not Take the Sale Process for Granted
(DBN)

____________

Bar Dates:

A Twist on Excusable Neglect
(DBN)

____________

Avoidance Actions:

Bankruptcy Safe Harbor Protects Shareholders From State Constructive Fraud Claims
(DBN)

Ever-Expanding Safe Harbor Leaves Creditors’ Claims Stranded at Sea
(DBN)

____________

Pensions:

Pension Plan Withdrawal Liability Imposed on Investor Private Equity Funds
(DBN)

____________

Bankruptcy Reform:

House passes bill to add section to bankruptcy code for banks
(DBN)

____________

Awards:

Whos Who: Restructuring & Insolvency 2016
(DBN)

Who’s Who Legal Selects Akin Gump as Insolvency & Restructuring Firm of the Year; Ten Partners Chosen as Leading Individuals
(DBN)

____________

TBTF:

FDIC, Federal Reserve reject big banks' 'living wills' What You Need to Know About Living Wills – The Short Answer Still 'Too Big To Fail'? 5 Wall Street banks just failed a massive test Citigroup’s Living Will Receives Passing Grade From Regulators Are Banks Still Too Big to Fail? What Citigroup’s ‘Living Will’ Win Means for Big Banks State Street's Bankruptcy Plans Fail Federal Scrutiny Regulators Rebuke Bank of New York’s Plans to Handle a Potential Bankruptcy Bank of America ‘Living Will’ Doesn’t Meet Regulatory Standards Morgan Stanley’s Living Will Plan Rejected by Fed Regulators to Goldman: ‘Living Will’ Falls Short of Dodd-Frank Provision In a Surprise, Wells Fargo’s ‘Living Will’ Plan is Rejected Analysts and Investors Agree: ‘Living Will’ Issues Can Be Fixed How Each Bank’s ‘Living Will’ Plan Fared With U.S. Regulators It's No Surprise That Regulators Rejected The Living Wills Of 5 Of 8 Banks U.S. Regulators Request Probes Into Leak of Banks' Living Wills Living Wills Make Banks Think About Death
(DBN)

Big Banks Have Risks—and Benefits
(DBN)

Are Lawyers Secretly Happy Regulators Rejected Big Banks’ ‘Living Wills’?
(DBN)

Warren takes on JPMorgan CEO over rejected living will
(DBN)

House panel advances bills undoing parts of Dodd-Frank
(DBN)

How the Living Will Can Solve 'Too Big to Fail'
(DBN)

No, Obama Didn't Kill Too Big To Fail
(DBN)

____________

Steel:

Worldsteel expects 2016 global steel demand to dip
(DBN)

____________

Gambling:

Court rejects Foxwoods bid to recoup $50M fee
(DBN)

____________

Music:

Bankrupt SFX fires NY staffers, but judge protects festivals
(DBN)

____________

Autos:

Maybe 85M More Takata Airbags are Bad
(DBN)

____________

Corporate Reform:

Is consumer bureau an unconstitutional ‘super executive agency’? DC Circuit panel seems to think so
(DBN)

____________

Sovereigns:

Argentina's debt sale spurs excitement and more lawsuits
(DBN)

US appeals court rules for Argentina on debt injunctions Argentina Wins Court Ruling Letting Bond Sale Proceed Court ruling clears way for Argentina settlement Second Circuit Unshackles Argentina on Debt Resolution
(DBN)

Argentina Stocks Gain as Banks Rise After Favorable Court Ruling
(DBN)

Paul Singer Will Get Big Payout, But This Guy's Chances Are Shot
(DBN)

Cuba's creditors hire sovereign expert for debt talks
(DBN)

____________

UK:

Slater & Gordon posts £6.9m UK loss
(DBN)

Piercing the corporate veil: using the evasion principle to pierce corporate veil of companies operated by a bankrupt
(DBN)

U.K. Said to Resist Full Disclosure on Trusts After Panama
(DBN)

____________

EU:

German Insolvency Law applies to Director of English Company operating in Germany
(DBN)

France steps up austerity measures as it grapples with budget
(DBN)

Family behind defunct German retail chain Schlecker to face trial
(DBN)

____________

PIIGS:

Why Greeks' swap of cash for cards could end a culture of tax evasion
(DBN)

Large Greek Appliance Chain Files for Bankruptcy
(DBN)

____________

Canada:

Bank of Canada Maintains Interest Rate, Raises Economic Outlook for 2016
(DBN)

____________

Venezuela:

Guess what the world’s worst economy will be this year
(DBN)

____________

China:

We can breathe a sigh of relief on China: Economist
(DBN)

IMF sees US$1.3 trillion in 'at-risk' Chinese company debt
(DBN)

China Defaults Prompt Issuers to Pull $5.4 Billion of Bond Sales
(DBN)

____________

Senegal:

Senegal Shuts Down National Carrier Amid $110 Million Debt
(DBN)

____________

Malaysia:

Malaysia's 1MDB Fund Says It May Be Victim of $3.5 Billion Fraud
(DBN)

____________

Australia:

Up to 2000 Australian mining jobs at risk
(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 $63/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 2016