April 15, 2016

The Daily Bankruptcy News

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Law:

Reed Smith Merger Talks Fuel Discontent At Firm
(DBN)

Associate Bonus Watch: A New And Improved Policy
(DBN)

UK Firm Looks for Merger Partner in Miami
(DBN)

The Sad Truth One Stat Reveals About The Legal Industry
(DBN)

Are We Seeing the Death of Summer Associate Programs?
(DBN)

A Big Law Partner’s Laker Love Affair
(DBN)

What's Everyone Hiding in the Dershowitz Case?
(DBN)

Ashley Madison Litigation Ensnares Law Firm's Emails
(DBN)

Law Firms Must Adapt to Market Segmentation
(DBN)

Is the herd finally embracing legal ops and procurement?
(DBN)

Reinventing The Law Business: Thoughts Inspired By Bill Gates
(DBN)

St. Louis: Bankruptcy lawyer Greg Willard heads to Doster, Ullom
(DBN)

Donald Trump's Lawyer Won't Be Voting for Him in the New York Primary Either—He's a Registered Democrat
(DBN)

Lawyers happy with work-life balance
(DBN)

Can $1,500 per Hour Be Good Value?
(DBN)

Why Are Bar Exam Retakers Failing At Such A High Rate?
(DBN)

Don’t Wait For Opportunities, Create Them
(DBN)

Stop telling good arguers to become lawyers
(DBN)

Law Schools Are ‘Indoctrinating Students with a Social Justice Morality,’ Says Professor
(DBN)

Kenyon & Kenyon is neither canceling nor guaranteeing its summer associate program
(DBN)

Man rejected by just one of 11 law schools files age-bias suit
(DBN)

3 quick desk exercises to reduce the stress of sitting all day 12 everyday stretches to stay flexible and fit at any age
(DBN)

17 psychological tricks to make people like you immediately
(DBN)

How to make the perfect apology: Scientists believe they've cracked the code
(DBN)

I went without my smartphone for 7 days
(DBN)

Depressed law student blew loan on replica football shirts and showered for up to six hours a day, but is now back on his feet
(DBN)

What Now for North Carolina’s Protesting Businesses? Cruz: North Carolina's contentious 'bathroom bill' is 'perfectly reasonable'
(DBN)

Dennis Hastert could be charged for parking tickets — but not child abuse
(DBN)

DEA Agents to Judge: Block The L-- D---- Videos
(DBN)

Tenured Rutgers Law Prof Suspended From Practice Of Law For Misappropriating Client Funds
(DBN)

Family Values Alabama Governor Got Taxpayer-Funded Helicopter Wallet Delivery After Fight With Wife
(DBN)

Don’t Cut Off A Morgan Stanley Executive On The Highway And Think He Won’t Still Be Stewing Over It 96 Hours Later
(DBN)

Imprisoned Pastafarian loses lawsuit; federal judge says ‘religion’ is in fact a parody Religious Freedom For Everyone (Except Prisoners)! A Tragic Tale Of Incarceration And Spaghetti.
(DBN)

Sperm Bank Sued After Disclosure That Donor Responsible for 36 Had An Undisclosed History of Schizophrenia
(DBN)

Teen Was Shot 16 Times; Chicago Won't Release Report
(DBN)

"I will kill you. You belong to me": Lawyer forced teen applying for receptionist job to s---- and have s-- at firm
(DBN)

Bonkers Law Firm Website: Our lawyers are fun
(DBN)

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Judges:

BK CO: Public Notice for Reappointment of Incumbent Bankruptcy Judge
(DBN)

What Does Chuck Grassley Fear?
(DBN)

The First Supreme Court Case To Get This Treatment
(DBN)

This judge gave a no-nonsense speech that left troubled teens in tears
(DBN)

Lawyer’s screenplay about Thurgood Marshall’s early life begins filming next month
(DBN)

Breast-Feeding Mom Catches NC Judge’s Wrath
(DBN)

Kansas Declares War on Their Judiciary
(DBN)

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Wall Street:

Stock futures dip as oil is pressured ahead of Doha; Citi to report
(DBN)

Dow closes at highest since July; financials post 5-day win streak
(DBN)

Blackrock misses profit view, sets restructuring
(DBN)

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Layoffs:

United Launch Alliance to lay off up to 875
(DBN)

GE Drilling to lay off 77 in Broussard
(DBN)

Premera has laid off about 165 employees in strategic reorganization
(DBN)

Western Illinois University to lay off 110
(DBN)

National and State by State Unemployment Rates
(DBN)

Animated Map of Unemployment
(DBN)

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Alternative Energy:

SunEdison Finds Control Flaws, Wrongdoing by Former Employee
(DBN)

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Coal:

Peabody Mines Bankruptcy Could Affect Indiana Mines Peabody Energy: Another One Bites the Dust Dugger residents concerned over coal company's bankruptcy Peabody bankruptcy draws attention to mine reclamation
(DBN)

Are Peabody's mine rehab bonds sufficient? That's the $442 million question
(DBN)

Coal Company Bankruptcies Produce Opportunities Elsewhere In Energy
(DBN)

What Was The Primary Cause Of The Coal Crash?
(DBN)

Desperate to keep coal alive, Wyo. banks on technology
(DBN)

Norway’s oil fund jettisons coal-linked investments
(DBN)

Coal Is Officially a Zombie Industry
(DBN)

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Tax:

Offshore Tax Havens: Taxpayer's Trillion Dollar Travesty
(DBN)

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Politics:

Fact-checking the New York Democratic debate
(DBN)

Texas suit challenging Ted Cruz’s eligibility for presidency tossed by judge Ted Cruz won’t apologize to Senate Republican leader Mitch McConnell
(DBN)

House Trump Backers See Path to Nomination Without Convention Fight Trump Storms: 'The rules Did Change!' Vanity Will Be The Donald’s Undoing Trevor Noah mocks failed Trump pyramid scheme asking buyers for urine samples Trump’s New York Values Ted Cruz on Donald Trump's campaign: 'They're acting like union boss thugs' In meeting with Orthodox, Donald Trump reveals Israel advisers: His Jewish lawyers
(DBN)

How conservative megadonors built a shadow GOP that weakened the official party
(DBN)

Sanders, Clinton and the War Over Big Banks Sanders Can't Clarify Wall Street Plan in Testy Clinton Debate
(DBN)

Hillary Clinton gets booed at Democratic debate after being confronted over Wall Street transcripts
(DBN)

Bernie Sanders Suspends Staffer for Criticizing Israeli Prime Minister Benjamin Netanyahu
(DBN)

It doesn't matter anymore for the GOP if the nominee is Trump or Cruz
(DBN)

This is why none of the presidential candidates are talking about the Federal Reserve
(DBN)

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Travel:

Long Lines and Missed Flights Fuel Criticism of TSA Screening
(DBN)

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Economy:

Jobless Claims in U.S. Decline to Match Lowest Since 1973
(DBN)

Core Consumer Prices in U.S. Cool in Sign Pickup Transitory
(DBN)

The Biggest Companies in America Are Being Handed $27 for Every $1 They Pay in Taxes
(DBN)

Food stamp use is falling — and Republicans want to cut it even further
(DBN)

Fed’s Lockhart says he won’t support interest rate increase in April
(DBN)

Key Measures Show Inflation close to 2% in March
(DBN)

World Bank head warns of weak economy
(DBN)

'Earnings recession' will end soon
(DBN)

Treasury, Fed officials tell senators liquidity is fine in bond markets
(DBN)

Time magazine tells its readers each US citizen owes $42,998.12 — which is both true and not true
(DBN)

LA area Port Traffic Decreased Sharply YoY in March due to Labor Slowdown last Year
(DBN)

Soured Corporate Loans Surge at Biggest U.S. Banks on Oil
(DBN)

Venture funding for startups just suffered the biggest crash since the dot-com bust
(DBN)

US Debt Clock
(DBN

World Debt Clock
(DBN)

Economic Indicators Dashboard
(DBN)

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Real Estate:

Mortgage rates hit lows not seen in nearly three years
(DBN)

Foreclosures fall to pre-crisis lows Foreclosures now lowest since housing crisis
(DBN)

Philly: Silver lining emerges in otherwise glum foreclosure data
(DBN)

FHFA makes it official: Principal reduction is coming
(DBN)

Fannie, Freddie Investors Fight to Undo U.S. `Net Worth Sweep'
(DBN)

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Municipalities:

Puerto Rico Restructuring Options That Don't Rely on Congress
(DBN)

Why the good people of Illinois should care about a Puerto Rico bailout
(DBN)

Puerto Rico: PROMESA draft bill, title III revised
(DBN)

Ryan: Congress needs to bring order to Puerto Rico crisis
(DBN)

Puerto Rico's 75-Cent Debt Poised to Profit as Assured Buys CIFG
(DBN)

Not even bankers can predict Puerto Rico's fiscal future
(DBN)

Puerto Rico creditors cancel lawsuit after governor's emergency order
(DBN)

3 things to know about Puerto Rico's debt moratorium
(DBN)

Puerto Rico's economic activity index declines in January
(DBN)

U.S. lawmakers target May 1 for Puerto Rico debt crisis bill
(DBN)

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

Puerto Rico bankruptcy bill faces do or die moment
(DBN)

Is Christie ready to compromise on Atlantic City?
(DBN)

The Detroit Bankruptcy Creates “An Ideal Model for Future Municipal [and Other?] Debt Restructurings”
(DBN)

Conyers: Time to rein in Michigan's emergency managers
(DBN)

Bankrupt San Bernardino plans for 'miserly' payout in police cases
(DBN)

US charges Ramapo, New York, officials in first municipal bond fraud case
(DBN)

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Oil/Gas:

The Sabine Bankruptcy Ruling May Change Everything for MLP Investing
(DBN)

Goodrich Petroleum Files for Chapter 11 for Restructuring Goodrich Petroleum Files For Chapter 11 Bankruptcy Protection Goodrich Petroleum Voluntarily Files For Chapter 11 To Implement Financial Restructuring, With Restructuring Support Agreement Executed By A Majority Of Second Lien Noteholders
(DBN)

Wall Street's Oil Bankers Setting Aside More Cash for Losses
(DBN)

Oil -Freeze Deal Would Have Limited Impact on Market, Says IEA This nasty oil rivalry is why a genuine output freeze is a long shot Oil's 'most important meeting of the last three decades' is probably going to be a massive disappointment Oil slides after report Iran oil minister will skip Doha
(DBN)

Pay Shrinks for Most Oil CEOs, as Crude's Swoon Hits Stocks
(DBN)

Peabody Bankruptcy Offers Stark Warning To Oil And Gas Groups Of Risks Of Ignoring Climate Change
(DBN)

Energy XXI to Cut $3B Worth of Debt in Chapter 11 Plan Houston oil firm seeks bankruptcy after slump kills $5B spending spree
(DBN)

Energy XXI bankruptcy first "big one" of 2016
(DBN)

Major Concerns For Triangle Petroleum
(DBN)

Bankrupt Alpha Natural Resources Selling Acres for Drilling to Rice Energy
(DBN)

Pacific Exploration, Catalyst Capital Negotiate Restructuring
(DBN)

Breitburn Energy Skips Interest Payments, Enters Grace Period
(DBN)

Wells Fargo's Oil Misfire Pushes Profits Below $1 A Share, But No Cause For Alarm Wells Fargo, PNC, BofA all see 1Q earnings narrow due to troubled energy loans Toxic oil loans create trouble for big banks
(DBN)

EIA: Gulf oil production may bolster US total as onshore drilling lags
(DBN)

BP shareholders reject CEO Bob Dudley’s 20% pay rise
(DBN)

Activist Hedge Funds Wounded by Former Shale-Boom Star
(DBN)

Why Oil May Yet Rain on the Stock Market’s Parade
(DBN)

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Defaults:

Default Pace Spikes With Peabody and Energy XXI Bankruptcies
(DBN)

U.S. April Junk Defaults Reach $14 Billion, Most Since 2014
(DBN)

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Hedge Funds:

Investors at hedge fund Tudor ask to pull more than $1 bln
(DBN)

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Education:

Can money you borrow to pay for private high school be discharged in bankruptcy?
(DBN)

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Distressed Investing:

$1 trillion bond bubble ready to burst
(DBN)

Three Cheers for Insolvency
(DBN)

S&P: Distressed Exchanges on the Rise as Issuers, Creditors Ride Rocky Markets
(DBN)

Investors Pour $10.7 Billion Into Junk Bonds as Fears Fade
(DBN)

____________

Steel:

Not just China: Japan, South Korea push cheap steel as world reels
(DBN)

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Awards:

NACBA Awards the 2016 Henry J. Sommer Scholarship
(DBN)

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Banking:

Wells Fargo Profit Drops as the Pain of Oil Prices Spreads Oil slump amplifies strains on US banking industry
(DBN)

How Warren Buffett’s favorite bank is now a problem child
(DBN)

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New Bankruptcy Opinions
(7 new opinions today - DBN)

Bankruptcy Court Web/Pacer Site Directory

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

Recent Ch. 11 Filings (37 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (5 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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Pensions:

Sun Capital Court Finds that Common Industry Practices Exposed PE Funds to Pension Plan Liabilities
(DBN)

Private Equity Fund Sponsors' Risk for ERISA Unfunded Pension Liability Grows
(DBN)

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Prepacks:

Pre-Packaged Plan Clears Confirmation in Fifteen Days
(DBN)

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Sales:

Strategies for Purchasing and Selling Assets in Chapter 11
(DBN)

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Avoidance Actions:

Creditor Can Pursue Fraudulent Transfer Claim in Chapter 13 Case
(DBN)

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TBTF:

Elizabeth Warren Has Basically Had It With Paul Krugman's Big Bank Nonsense Between Elizabeth Warren And Paul Krugman, For Economics I Wouldn't Bet On The Senator
(DBN)

In ‘Living Wills,’ Citi and Wells Fargo Swap Bad-Boy Roles
(DBN)

Why Banks Should Take Living Wills Seriously
(DBN)

____________

Retailing:

How One Fabric Store Survived Bankruptcy as Hancock Collapsed
(DBN)

Dick's, Academy Sports eye Sports Authority assets: sources
(DBN)

Sports Authority pushes back bankruptcy auction amid high interest
(DBN)

Department stores play defense against Amazon
(DBN)

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Pharma:

S&P Downgrades Valeant After Default Notice
(DBN)

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Turnarounds:

Van Conway, corporate turnaround firm take battle to court
(DBN)

____________

Celebs:

Going Broke Badly: Celebrities And Allegations of Bankruptcy Fraud
(DBN)

____________

Taxis:

Lyft promises not to lose more than $600 million a year
(DBN)

Uber says it’s profitable in the US — here’s how much it makes per ride
(DBN)

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Hollywood:

'Relativity Formally Emerges From Chapter 11 Bankruptcy Protection
(DBN)

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Healthcare:

Bankruptcy of TransCare Strains New York’s Emergency Services
(DBN)

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Debt Collection:

Debtor Prisons On The Rise In U.S., Residents Jailed For Unpaid Library Fines, Student Loans
(DBN)

Is the Supreme Court Contemplating Broadening Permissible Debt Collection Practices?
(DBN)

Collection lawyer takes mail fraud plea, admits diverting $1.2M in payments from medical client
(DBN)

____________

Alternative Energy:

Inside the Fall of SunEdison, Once a Darling of the Clean-Energy World
(DBN)

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Sovereigns:

Smaller investors protest unequal compensation in Argentine debt sale
(DBN)

Argentina Will Exceed Debt Limit Agreed to Pay Vulture Funds
(DBN)

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UK:

Big rise in UK firms struggling financially, warns insolvency expert
(DBN)

Tata Steel’s pension scheme is a ‘noose around its neck’
(DBN)

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PIIGS:

IMF urges shake-up of Greek bailout
(DBN)

____________

Canada:

More pain in store for Canada’s oilpatch as insolvencies rise and banks tighten credit
(DBN)

End of the Road: The Supreme Court of Canada Denies Leave to Appeal in Iona Contractors Ltd. v Guarantee Company of North America
(DBN)

____________

Australia:

Insolvency guru Stephen Parbery to chase Clive Palmer’s assets
(DBN)

Unions in push for new Arrium administrator Arrium administrator Grant Thornton to be replaced
(DBN)

Queensland Nickel: federal government to appoint its liquidator
(DBN)

____________

Germany:

Germany Doubles Down on Fiscal Discipline
(DBN)

"A storm is brewing" - Germans worry about return of euro crisis
(DBN)

____________

China:

China Plans Debt-for-Equity Swap Program to Help Reduce Corporate Debt China Is Set to Allow Banks to Swap Bad Loans for Equity in Borrowers
(DBN)

China rail freight volumes are troubling
(DBN)

____________

Russia:

Putin Sees U.S., Goldman Sachs Behind Leak of Panama Papers
(DBN)

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MENA:

Personal debt again proving a burdensome load in UAE
(DBN)

____________

Austria:

Heta creditor offer status unclear, Austrian finmin says
(DBN)

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