February 11, 2016

The Daily Bankruptcy News

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Law:

Has the Legal Services Deck Been Reshuffled?
(DBN)

Former Lehman Brothers Lead Bankruptcy Clerk Stacy A. Lutkus Joins Drinker Biddle
(DBN)

The High Paying Job You Had In The Past Might Make You Unemployable In The Future
(DBN)

Will Lawyers Lose Work Over this ABA Resolution?
(DBN)

The $21BN Contract Lawyer Marketplace is Up For Grabs, ‘Hire An Esquire’ Plans to Catch It
(DBN)

Suit alleges Blank Rome partner was forced out due to LGBT animus, desire to steal his clients
(DBN)

The Dangers of Blind-Copying a Client on Emails
(DBN)

A Partner Moves, Great — What’s the Business Significance?
(DBN)

Ex-Client Defends $1.29M Verdict Against DLA Piper For Lien Lost In Bankruptcy
(DBN)

Dickstein Shapiro, Greenspoon Marder See Head Counts Dip and Drive
(DBN)

The Am Law 100, the Early Numbers: Revenue, Profits Down at Bryan Cave
(DBN)

The Am Law 100, The Early Numbers: Steptoe's Turn-Around Cuts Lawyers Yet Grows Revenue
(DBN)

The Am Law 100 Early Numbers: Cooley's Revenue Up 14 Percent
(DBN)

Litigation finance competition heats up in North America
(DBN)

Will faculty throughout U.S. push to blow up U.S. News & World Report power?
(DBN)

Bank worker saves law firm from $73K loss by blocking unauthorized account transfers
(DBN)

A Harvard psychologist's advice on how to argue when you know you're right
(DBN)

Would You Become An Actor After Graduating From Harvard Law?
(DBN)

11 Lessons From LegalTech 2016
(DBN)

New Skype malware a threat to legal professionals
(DBN)

Ex-L.A. County Sheriff Lee Baca to plead guilty in jail scandal, his attorney says
(DBN)

Appeals court OKs 111 years for teen who killed 4, shot 25; lawyer calls him ‘completely harmless’
(DBN)

2 dead after law office shooting near courthouse; suspect is in custody
(DBN)

ADA Busted For Allegedly Driving While Drunk After Super Bowl
(DBN)

FBI closes in on Oregon holdouts Oregon Militia Cuts Deal to Surrender Cliven Bundy Arrested in Portland
(DBN)

Former general counsel gets 18 months for stealing $2.6M from company account
(DBN)

The City of Cleveland Filed a Probate Court Creditor's Claim Against Tamir Rice's Estate for $500
(DBN)

Aaron Sorkin will adapt ‘To Kill a Mockingbird’ for Broadway
(DBN)

Lawyer postpones boat and retirement to fund college for 26 kindergarteners
(DBN)

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Judges:

Nudging Courts to Issue Decisions Can Pay Off
(DBN)

Accused killer can’t be retried after judge’s mistaken mistrial ruling, state high court says
(DBN)

This Supreme Court Justice Really Knows Juries
(DBN)

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Wall Street:

Stock futures plunge as global selloff resumes Dow futures sink 200 pts. as global rout gains pace Stock Rout Deepens, Bonds Surge as Faith in Central Banks Fails
(DBN)

Global shares gain on Yellen comments, reduced bank fears
(DBN)

An investor's terrifying 2014 prediction for the market is coming true right now
(DBN)

Citi: This Selloff Is 2011, Not 2008
(DBN)

'I hate to say' selling going to continue: Gartman
(DBN)

______________

Layoffs:

There has been brutal culling of Wall Street traders
(DBN)

Obama's Budget Has at Least One Good Idea
(DBN)

Job cuts planned as Boeing hunkers down
(DBN)

National and State by State Unemployment Rates
(DBN)

Animated Map of Unemployment
(DBN)

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Retailing:

Retailers Expect Another Year of Ho-Hum Sales
(DBN)

Louisville appliance dealer files for Chapter 11 bankruptcy protection
(DBN)

Bankrupt apparel retailer gets OK for sale of store leases
(DBN)

Peek files for bankruptcy
(DBN)

Experts say despite bankruptcy reports, Sports Authority should keep name at Mile High Stadium
(DBN)

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Politics:

If you like Bernie Sanders, you’ll love this other longtime progressive
(DBN)

Trump, Sanders and the birth of U.S. democracy Wall St's nightmare candidates leading race for WH New Hampshire's 'primal scream' will have consequences The rise of Donald Trump is a terrifying moment in American politics Bush: Trump Worse Than Obama
(DBN)

Mistrust of Hillary Clinton allows Sanders to roll Clinton Supporters Create “HillaryClintonSpeeches” Site That Misdirects People Researching The Wall Street Speech Controversy Beware a Wounded Clinton
(DBN)

Bernie soars after dominating in New Hampshire
(DBN)

Carly Fiorina drops out of presidential race
(DBN)

Chris Christie drops out after reshaping the presidential race by tanking Marco Rubio
(DBN)

Johnny Depp plays Trump in ‘Art of the Deal’ spoof The deal Trump could make to become president Ex-RNC chair: Trump may 'ride this pony' to Ohio Why Donald Trump and Marco Rubio want to make torture legal again Here's Donald Trump's best strategy for winning the White House 3 extravagant claims from Donald Trump's victory speech, debunked It's time to start taking Donald Trump's scary foreign policy views seriously The most quotable moments from Trump's New Hampshire victory speech
(DBN)

Ted Cruz's new Donald Trump action-figure ad looks like something out of 'Saturday Night Live'
(DBN)

Michael Bloomberg may have spotted his opening Bloomberg: This Campaign an Insult to Voters
(DBN)

Stock market is telling us who the next president is
(DBN)

____________

Healthcare:

Financial Insolvency May Be a Risk Factor for Early Mortality Among Patients With Cancer
(DBN)

Fears of third hospital bankruptcy grow
(DBN)

____________

Coal:

U.S. court move to block emission plan fails to sustain coal shares' boost Supreme Court Issues Unheard Of Ruling To Block Environmental Regulations
(DBN)

Peabody Energy to Draw Down Rest of $1.65 Billion Revolving Loan
(DBN)

Arch Coal agrees deal with Wyoming for temporary cleanup relief
(DBN)

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Paper:

Verso Unsecured Creditors Committee: Complete List
(DBN)

____________

Defaults:

US Leveraged Loan Default Rate Creeps to 1.37%, Courtesy Noranda
(DBN)

____________

Gambling:

Caesars senior creditors threaten to tear up framework plan
(DBN)

____________


Economy:

Yellen: Action on interest rates hinges on market turmoil Assessing Yellen's Warning That Markets Pose a Threat to Economy Yellen says global risks could throw US economy off track Bond market, Yellen face off on negative interest rates US stocks move higher as Fed's Yellen signals caution Recap: Fed Chief Janet Yellen's Report to Congress Yellen says Fed isn’t sure negative rates are legal Inside Janet Yellen's Testimony on Negative Rates Yellen To Congress: The Fed is not subsidizing big banks
(DBN)

Obama’s America is a land of economic discontent
(DBN)

Federal Budget in Black for January U.S. government runs $55 billion budget surplus
(DBN)

What’s holding back the world economy?
(DBN)

How fears about recession could become a self-fulfilling prophecy
(DBN)

Stage is being set for cuts to Social Security
(DBN)

Share-buyback machine still humming — and experts are worried
(DBN)

Fischer Says Fed Still Able to Help Banks Facing a Crisis
(DBN)

2040: The End Date for Richest Economies
(DBN)

US Debt Clock
(DBN

Economic Indicators Dashboard
(DBN)

______________

Real Estate:

Is a single-family home the new luxury item?
(DBN)

Used-home prices rose in most areas in 4Q, Realtors say
(DBN)

Survey: 45% of non-homeowners say finances keep them from buying
(DBN)

Bankruptcy: Fixing California’s Homestead Exemption Law
(DBN)

Goldman Sachs subsidiary buys massive NPL portfolio from Fannie Mae
(DBN)

NAR: Inventory shortages push homeownership further out of reach
(DBN)

Charge senior bank bosses, says former commissioner
(DBN)

Houston home sales down in January, prices hit new highs Despite falling oil prices, Houston's housing market keeps rising
(DBN)

FL: Publix-anchored shopping center files Chapter 11 to stay foreclosure
(DBN)

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Municipalities:

Puerto Rico creditor group counters island's debt exchange offer First Counteroffer to Debt Plan
(DBN)

Puerto Rico considers new proposal to ease financial crisis
(DBN)

Orrin Hatch slams White House proposal to restructure Puerto Rico's debt Hatch Sets End of March Deadline for Puerto Rico Plan, Demands Audited Financials
(DBN)

Puerto Rico senate approves bill to restructure utility PREPA
(DBN)

Ferguson asks for changes to police settlement to avoid bankruptcy DOJ sues Ferguson one day after it sought changes in proposed policing pact The details in the US Justice Department's lawsuit against Ferguson are harrowing
(DBN)

Owed $170M by AC, Borgata skipping $7.2M tax payment
(DBN)

There are a lot of empty homes in Flint, Michigan
(DBN)

Syracuse likely to be insolvent without metro government
(DBN)

____________

Predatory Lending:

Pro racecar driver Scott Tucker charged in payday loan scam
(DBN)

Manager of 'predatory' loan modification law firm sent to jail
(DBN)

____________

Oil/Gas:

Crude price pushes below $27 a barrel Oil falls on US supply record, weak demand outlook
(DBN)

Hot Topics in Oil and Gas Restructurings
(DBN)

Yellen: Oil bust aids U.S. economy
(DBN)

Oil Is the Cheap Date From Hell
(DBN)

Oil Glut Compounded By Cracks In Global Economy
(DBN)

OPEC sees slower demand growth, faster output declines
(DBN)

OPEC Will Not Blink First
(DBN)

Oil looked like it might rebound. Not anymore
(DBN)

Energy Group: Hunker Down Oil Companies, Low Crude Prices Are Here To Stay
(DBN)

Energy Debt Fuels Broader Malaise
(DBN)

Total Expects Oil-Industry Downgrades as Dividends Maintained Total's Quarterly Profit Beats Estimates on Oil Output, Refining
(DBN)

BP outlook: American shale gas revolution to go global by 2035
(DBN)

BP upbeat about oil industry and expects prices back at $100
(DBN)

E&P: Will Production Resilience Continue in 2016?
(DBN)

It'll Take More Than An Oil Rally To Restart Shale Boom
(DBN)

They Want Us to Fail, Norske Skog Says of Suing Bondholders
(DBN)

US Mining And Exploration Investment Falls 35% As Energy Companies Curb Spending
(DBN)

Rising OPEC Oil Production Worsens Glut
(DBN)

KKR Learns Harsh Lesson From Energy Bets - Failed buyouts spur firm to dial back big energy deals
(DBN)

Carl Icahn nurses paper losses on energy bets
(DBN)

Shell cancels $14.4 billion bridge credit facility
(DBN)

EIG Pacific Holdings extends deadline for Pacific E&P tender offer
(DBN)

US crude oil inventories fall unexpectedly as imports slump: EIA
(DBN)

Cheap oil may make OPEC dominant again
(DBN)

Oil workers will have to make the choice between layoffs and pay cuts
(DBN)

Wyoming oilmen diversify to survive the bust
(DBN)

European Energy Firms Post Billion Dollar Losses in 2015
(DBN)

Is Every Oil Sands Project Doomed?
(DBN)

Optimism in UK oil and gas sector 'hits new low'
(DBN)

Will falling oil prices bankrupt Saudis, Russians?
(DBN)

____________

Banking:

Why is everyone freaking out about ‘CoCos’?
(DBN)

Deutsche Bank CoCo Holders See What Regulators Mean by Risk
(DBN)

____________

Student Debt:

Student Debt Makes College More Expensive for Women
(DBN)

Michael Moore: Imagine life without student debt
(DBN)

Could financial aid cause tuition inflation?
(DBN)

Student Debt May Have Growing Impact on Households’ Retirement
(DBN)

Student Aid Center files for Chapter 7 bankruptcy
(DBN)

____________

Bankruptcy Crimes:

Rigby man pleads guilty to bankruptcy fraud
(DBN)

___________

Metals:

Bankruptcy Court allows Noranda to keep operating
(DBN)

Horsehead gets go-ahead for interim financing
(DBN)

____________

Ethanol:

Ravenna ethanol plant facing bankruptcy
(DBN)

____________

Newspapers:

?Bids for Freedom Communications could start at $40 million
(DBN)

____________

Debt Collection:

State Bans on Debtors’ Prisons and Criminal Justice Debt
(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 (20 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)

______________

Professional Compensation:

Delaware Adopts Delaware on Baker Botts Fee-Defense Cost Issue
(DBN)

____________

Plan Confirmation:

The Sixth Circuit’s Take on Artificial Impairment
(DBN)

____________

Examiners:

Ethics for Examiners
(DBN)

____________

TBTF:

Metlife’s Too-Big-to-Fail Designation Defended by U.S. Lawyers MetLife makes its case against ‘too big to fail’ label
(DBN)

____________

Management:

A professor studied 51 of the world's biggest business failures — here's why even great leaders make terrible decisions
(DBN)

____________

Personal Finance:

Meet the NBA stars who live with their mothers
(DBN)

What I've gained from giving up half my income
(DBN)

Here's how much Valentine's Day will cost you this year
(DBN)

A CPA says there's only one way to cut down your taxes
(DBN)

____________

Fraud:

Executive bonuses at issue in Brixmor’s admission of altered results
(DBN)

Customers Reap Benefits From Hughes Hubbard's MF Global Role
(DBN)

The Ballad of Ghostface and Shkreli Ghostface Killah to Martin Shkreli : 'You a fake supervillain' Artist Sues Martin Shkreli and RZA Over $2 Million Wu-Tang Clan Album
(DBN)

Federal Ponzi Scheme Investigation Follows Bankruptcy for Beleaguered Wine Retailer
(DBN)

Victims in TelexFree pyramid scheme can expect some money back, bankruptcy official says
(DBN)

____________

Golf:

2 West Michigan golf courses seek Chapter 11 bankruptcy
(DBN)

____________

Celebs:

Elon Musk just lost $3.3B on a double whammy
(DBN)

At Teresa Giudice book signing in Ridgewood, all is forgiven by fans
(DBN)

____________

Autos:

Judge Tells Lawyers to Fight GM Instead of Each Other Bid to Oust Lawyers Suing GM Contains 'Wild Accusations,' Judge Finds
(DBN)

Some Hedge Funds Want to Make Subprime Auto Loans Next Big Short
(DBN)

____________

Mining:

The Mining Crunch Is Here: Rio Tinto's $7.7 billion of pain
(DBN)

The Mining Industry Makes Oil Giants Look Great
(DBN)

____________

Food/Beverage:

Plan for Vaspen water uncertain with bankruptcy filing
(DBN)

____________

Shipping:

Shipping Industry Faces Grim Choices
(DBN)

____________

Corporate Reform:

DOJ Focuses on Individuals in Corporate Wrongdoing
(DBN)

____________

Sovereigns:

Venezuela Bonds Drop for Third Day on Heightened Default Concern Venezuela's descent into world's riskiest sovereign credit: Q&A
(DBN)

Could Negative Rates Shrink Sovereign Debt?
(DBN)

Emerging-Market Sovereign Bond Risk Soars to 7-Year High: Chart
(DBN)

Nigeria's Spending Splurge With Borrowed Cash Spells Bond Pain
(DBN)

____________

EU:

European stocks plummet
(DBN)

ECJ: Director Liability Under German Law Applies to Directors of insolvent English Limited Company with its COMI in Germany
(DBN)

How European banks are scaring away their investors
(DBN)

Repayments on European Leveraged Loans Hit 3-Year Low
(DBN)

When Will the Rest of Europe Want Its Own 'Brexit'?
(DBN)

____________

PIIGS:

The 8 labors of Greece as it navigates bailout barriers
(DBN)

Italian government approves decree aimed at helping battered banking sector
(DBN)

____________

Canada:

Status quo not an option, Atlantic premiers say as they ask Ottawa for economic help
(DBN)

____________

China:

Kyle Bass: There's a 'ticking time bomb' in China Bass: China bank crisis 5X worse than subprime
(DBN)

____________

Russia:

Russia's Kurganmashzavod filing for bankruptcy
(DBN)

Ruble Gains as Citi Says Prospect of Oil Bottom Stoking Appetite
(DBN)

____________

Australia:

Insolvency firms ready pitches for Masters mandate
(DBN)

Creditors of Lehman Brothers Australia to Receive Further Dividends
(DBN)

Australia regulator probes Clive Palmer over alleged alias use
(DBN)

____________

Sweden:

Sweden cuts interest rate further below zero
(DBN)

____________

MENA:

ISIS Forced To Cut Wages As Oil Revenues Tank
(DBN)

____________

India:

State Bank of India Third-Quarter Profit Drops 62%
(DBN)

____________

Ukraine:

Debt Sweeteners Sour as Lagarde Scolding Raises Ukraine Stakes
(DBN)

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