February 12, 2016

The Daily Bankruptcy News

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Due to the Presidents Day holiday, The Daily Bankruptcy News will not publish on Monday, February 15, 2016



Law:

Blank Rome announces Dickstein Shapiro acquisition; over 100 remaining lawyers will make the move Blank Rome Acquires Dickstein Shapiro Lawyers Philadelphia Law Firm Absorbs Most of Dickstein Shapiro Dickstein Shapiro 'No Longer Engaged in the Practice of Law' Dickstein Shapiro and Blank Rome seal the deal Dickstein Shapiro shuts up shop Dickstein Shapiro Closure Heartbreaking to Name Partner's Daughter
(DBN)

Former Bryan Cave lawyer takes plea, admits voicemail death threat to partner
(DBN)

An Unworkable Result: Examining the Application of the Unfinished Business Doctrine to Law Firm Bankruptcies
(DBN)

Teamwork Sucks for Women
(DBN)

Top Transactional Firms By Law School Pedigree
(DBN)

Are You Merely Wordsmithing?
(DBN)

Crisis at Jones Day London as 10% of partnership quits
(DBN)

Disgraced former Big Law associate brings defamation case against tabloid press
(DBN)

The Murky Economics Of Law School Facilities: Who Does This Law School Owe?
(DBN)

The Am Law 100, the Early Numbers: Covington's Double Down on Investments Causes Dip in Profits
(DBN)

A Tribute to Professor Marjorie L. Girth Acceptance Remarks
(DBN)

Arizona Is First Law School To Admit Students Based On GRE Instead Of LSAT Law School To Accept GREs In Order To Corner The Market On Mediocrities
(DBN)

Latest LSAC report (as of February 5): applicants up 1.2% from this time last year
(DBN)

Is This Cheating On The Bar Exam?
(DBN)

Diversity Fatigue - Why we are all so tired
(DBN)

The Pink Ghetto: Women Lawyers Will Be Harassed No Matter What They Wear
(DBN)

Tougher, simpler bar-passage requirements for law schools to be considered by ABA committee
(DBN)

Technology Won’t Make You A Better Lawyer
(DBN)

Pennsylvania to Start Impeachment Proceedings for Attorney General Pennsylvania attorney general survives ouster vote, for now
(DBN)

18 things every guy should keep in his work bag
(DBN)

Federal Prosecutors Bring Eric Garner Case to Grand Jury
(DBN)

Appeals court stops case mid-trial, in latest judge-prosecutor dispute over jury diversity
(DBN)

Florida (Congress)Man Caught Badly Managing Cayman Hedge Fund
(DBN)

New York police officer that shot an unarmed black man in 2014 has been convicted of manslaughter
(DBN)

15 great photos of dogs dressed as lawyers
(DBN)

Preacher Given Citation For “Offending People” For Speaking Off Campus at the University of Texas
(DBN)

TX: AG Ken Paxton Under Investigation Again
(DBN)

‘Better Call Saul’ Is Real And He’s Amazing
(DBN)

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Judges:

Judge Henry Boroff to Retire; Bankruptcy Merit Selection Panel Appointed
(DBN)

Judge Jacqueline P. Cox Reappointment Application Notice
(DBN)

Federal Judge: Without Senior Judges, System Would Collapse
(DBN)

Former federal judge who sentenced pot dealer to 55 years asks Obama to commute the sentence
(DBN)

Justice Scalia Surprises North TX Barber
(DBN)

Texas judge defends letter asking former jurors to ‘meet and greet’
(DBN)

Life After the Bench Can Be Lucrative in ADR
(DBN)

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Wall Street:

Dow futures up 100 points as Wall Street shapes up for a rebound
(DBN)

US markets dive amid global selloff Stock rout intensifies in flight to safety: Dow plunges 300+ 10 stocks leading the U.S. market’s decline Thursday
(DBN)

Investors have only been this stressed out about stocks one other time since the financial crisis
(DBN)

This is pretty much the last thing Wall Street's nightmare stock needed
(DBN)

The Dow’s downtrend is now official
(DBN)

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Layoffs:

Jobless claims data show no sign of a layoff spike
(DBN)

National and State by State Unemployment Rates
(DBN)

Animated Map of Unemployment
(DBN)

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Politics:

Clinton, Sanders clash over costs at debate Hillary Clinton finally found her argument against Bernie Sanders Re-Re-Re-Debating Begins to Test Clinton and Sanders
(DBN)

'Inevitable'
(DBN)

The Rubio campaign is eyeing a possible 'brokered convention' after poor New Hampshire performance
(DBN)

Trump leaves Republicans searching for reasons to be cheerful Trump's Lawyers Argue That Univision Should Have Known He Was a Horrible Racist Xenophobe Now Donald Trump Takes on the Pope The Real Case for a Trump Presidency
(DBN)

A surging Bernie Sanders tries to knock down Hillary Clinton's crucial 'firewall' Moderator Accidentally Whispers “Oh God” Into Mic When Bernie Brings Up Vietnam
(DBN)

A new report says the State Department subpoenaed documents from the Clinton Foundation
(DBN)

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Travel:

5 things to do when you miss a connecting flight
(DBN)

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Fraud:

Did A $70 Million Wine Ponzi Scheme Just Collapse?
(DBN)

Troubles mount for Premier Cru as FBI steps in
(DBN)

IRS: Martin Shkreli Owes $4.5 Million in Unpaid Taxes Martin Shkreli offers $10M for Kanye's new album
(DBN)

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Gambling:

Revel Owner Glenn Straub, Casino Restaurants Pick Legal Bar Brawl
(DBN)

Senior Creditors Threaten Caesars’ Best Laid Plans
(DBN)

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Mining:

Molycorp Lawyer Tells Judge Don't `Hold Your Breath' for Deal
(DBN)

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MLM:

Avon Posts Loss as Sales Fall for 17th Straight Quarter
(DBN)

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Metals:

Facing new crisis, can aluminum industry learn from past crisis?
(DBN)

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Electricity:

Arizona power plant operator Sundevil Power files for bankruptcy First Day Dec
(DBN)

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Cruise Ships:

Bankrupt Haimark Line begins canceling Cuba cruises
(DBN)

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Alternative Energy:

Why SunEdison Inc Dropped Another 15% Today
(DBN)

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Defaults:

S&P: High Yield Default Rate up to 3.9% by Year-End 2016
(DBN)

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Distressed Investing:

A $1 Trillion Junk Pile May Need 25% Yield to Be a Buy, UBS Says
(DBN)

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Shipping:

Dry Bulk Bankruptcy Wave Approaching, Warns Precious Shipping CEO
(DBN)

Dry-bulk shipping caught in the undertow of slack demand, overcapacity
(DBN)

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Music:

34-Year-Old Boston Classical Orchestra Files For Bankruptcy
(DBN)

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Broker/Dealers:

Cetera feeling the 'strain' of RCAP's financial woes
(DBN)

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Autos:

Napa auto dealership files for bankruptcy
(DBN)

Investors Bet Against Subprime Auto Loans
(DBN)

Tesla Will Get Trampled by the Mass Market
(DBN)

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Economy:

Yellen: Negative rates are not off the table Four Legal Questions the Fed Would Face If it Decided to Go Negative Here's why the Fed chair keeps getting drilled on negative interest rates Negative Interest Rates Won't Save Us
(DBN)

Have Central Banks Run Out of Bullets?
(DBN)

Weekly Initial Unemployment Claims decrease to 269,000 Low US jobless claims underscore labor market strength
(DBN)

Senator to Yellen: Forget stock drop, normalize Fed's Yellen sticks to her guns as market rout worsens
(DBN)

Chilled by sub-zero rates, investors urge central bank rethink
(DBN)

Yet another sign the US economy isn't heading for recession ...
(DBN)

Paulson: We're not facing another financial crisis
(DBN)

A new study shows the majority of Americans are woefully misinformed about how much they're paid
(DBN)

Lagarde Set for Second IMF Term as No Challengers Emerge
(DBN)

How to react as Goldman walks back its 2016 calls
(DBN)

How Some Americans Hit the Maximum Tax-Refund Sweet Spot
(DBN)

Treasury yields at lowest level since 2012
(DBN)

Does Our National Debt Really Hurt?
(DBN)

US Debt Clock
(DBN

Economic Indicators Dashboard
(DBN)

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Real Estate:

'We Are Running Under the Radar': Morgan Stanley in $3.2 Billion Mortgage-Bond Pact Morgan Stanley is paying a huge fine for a pre-crisis 'magic' trick
(DBN)

The 12 US markets with the most vacant homes This N.J. area now ranks 5th in U.S. for vacant houses
(DBN)

2008 Fallout: 43% of Americans Still Rent
(DBN)

MBA: Mortgage Applications Increased in Latest Weekly Survey, Purchase Applications up 25% YoY
(DBN)

Home-Price Growth Sped Up Last Year, Realtors Say
(DBN)

AIA Forecast: 8% increase in Nonresidential Construction in 2016
(DBN)

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Municipalities:

Public Hospital Bankruptcy Under Chapter 9: A Success Story and a Powerful Tool
(DBN)

State Contract Impairment Clauses and the Validity of Chapter 9 Authorization
(DBN)

Puerto Rico's Top Adviser Debates Bond Insurer on Bankruptcy Sparks fly between Puerto Rico's financial adviser and creditor
(DBN)

Puerto Rico pushes tax incentives for wealthy amid crisis John Paulson Says He's Still Considering Move to Puerto Rico
(DBN)

Puerto Rico legislators may resist PREPA deal: restructuring chief
(DBN)

Fiery debate over Puerto Rico's debt at investment summit
(DBN)

Retired Detroit bankruptcy judge to steer reforms at DPS
(DBN)

Would a State Takeover the City's School District Help Chicago?
(DBN)

A.C. Mediator retired bankruptcy judge): Borgata showed little interest in resolving tax dispute
(DBN)

County won't bond to pay Atlantic City creditors , Levinson says
(DBN)

Flint Mayor Announces $55 Million Plan to Replace Lead Pipes, Starting This Month Flint Crisis Spurs House to Act on Water Quality
(DBN)

Washington Metro Getting Ready for Bankruptcy ?
(DBN)

Las Vegas: Record Visitor Traffic in 2015, Conventions Returning
(DBN)

District official: Erie schools headed for ' bankruptcy '
(DBN)

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Oil/Gas:

New Lender Worry: Oil Firms Max Out Credit Lines
(DBN)

Fri.: Oil jumps nearly 5% after OPEC jawboning Oil prices jump but weekly losses and physical excess loom
(DBN)

US crude pares losses after falling near 2003 low US oil tumbles close to 12-year lows amid brimming stockpiles Oil under pressure from rising oil and product inventories, credit crunch U.S. Is Running Out of Room for Oil OPEC cut rumor halts oil price decline
(DBN)

More Cuts Loom as Oil Nears $25
(DBN)

Total CEO sees oil price rising at end of 2016
(DBN)

Trader makes huge bet on energy rebound
(DBN)

Vantage Drilling subsidiary Offshore Group Investment emerges from bankruptcy
(DBN)

Woodlands energy company files for bankruptcy
(DBN)

The End Game Comes To Many In The Oil Patch
(DBN)

Hercules Offshore considering selling itself
(DBN)

A Future Of Oversupply Is Likely For Rigs, Maersk CEO Says
(DBN)

Pioneer Natural slashes budget, halts drilling amid oil-price crash
(DBN)

Cenovus cuts dividend, 2016 budget, jobs again
(DBN)

Why people are freaking out about cheap oil
(DBN)

Stocks swing violently on oil turbulence
(DBN)

Blackstone aims new fund at troubled offshore drilling market
(DBN)

At NAPE, industry still waiting for oil’s rock bottom
(DBN)

Repsol to shut unprofitable Norwegian oil field
(DBN)

TransCanada falls to a loss after $2.1 billion charge on Keystone XL
(DBN)

"Bloodbath" In Black Gold - Buffett's Phillips 66 Dumps Oil In Cushing, Crashes
(DBN)

Lots more dividend cuts, equity raises ahead for oil companies
(DBN)

Canada Oil: More Pain as Hedges Run Out
(DBN)

Today's Oil Bust Pales Compared to the 80's
(DBN)

The Hidden Agenda Behind Saudi Arabia’s Market Share Strategy
(DBN)

Firm aims to support hobbled offshore drillers
(DBN)

Ecuador Gutted By Low Oil Prices: Rig Count Down To One
(DBN)

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Banking:

SocGen Signals It May Miss Profitability Targets, Shares Plunge
(DBN)

Worldwide Banking Debt Vortex Sucks In Strongest Lenders' Bonds
(DBN)

Pimco Says No Need to Be Greedy as It Bets on Battered Bank Debt
(DBN)

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Coal:

Is Peabody Energy Corporation Next in Line to File Bankruptcy?
(DBN)

Peabody reports $2 billion loss in 2015, as bankruptcy rumors swirl
(DBN)

Peabody still taking steps to avoid bankruptcy
(DBN)

Peabody Energy: One Step Closer To Bankruptcy
(DBN)

Group questions Peabody Energy's coal mine self-bonding
(DBN)

Supreme Court Keeps Coal Alive…For Now
(DBN)

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Aviation:

Boeing shares fall 10 percent on report of SEC probe Boeing has long history of probes on accounting
(DBN)

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Student Debt:

The Non-Dischargeability of Private Student Loans: A Looming Financial Crisis?
(DBN)

Let Them Go Bankrupt
(DBN)

5 tips to pay off huge student loans, from graduates who have done it
(DBN)

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Personal Finance:

Valentine's Day gifts women really want
(DBN)

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Environmental:

Ex-executive due for sentencing in West Virginia spill
(DBN)

____________

Celebs:

Aaron Carter Opens Up About The Multimillion Dollar Mistakes That Led To His Bankruptcy
(DBN)

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Retailing:

Sports Authority could find freedom to change in bankruptcy protection
(DBN)

____________

Tax:

The top 10 tax havens for individuals in the world
(DBN)

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New Bankruptcy Opinions
(9 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 (6 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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Bankruptcy Statistics:

U.S. oil bankruptcies spike 379%
(DBN)

67 US Shale Companies Declared Bankruptcy in 2015
(DBN)

Business Is Booming For Bankruptcy Specialists
(DBN)

High Probability of Bankruptcy Watch List
(DBN)

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Bankruptcy Reform:

House Panel Passes Bankruptcy Alternative for Large Banks
(DBN)

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Surcharge:

Secured Creditors Beware: Overvalued Properties in Bankruptcy
(DBN)

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Professional Compensation:

Government Watchdog Targets A&P Bankruptcy Expenses
(DBN)

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DIP Finance:

In rare move, Apollo moves Magnetation DIP loan to non-accrual
(DBN)

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Subordination:

Don’t Go Chasing (Debtor-Affiliate) Waterfalls: Second Circuit Applies 510(b) Subordination to Contribution Claims Arising from the Securities of an Affiliate of a Debtor
(DBN)

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Plan Confirmation:

6th Cir. Rejects Debtor's Chapter 11 BK Plan as Not Proposed in Good Faith
(DBN)

Ninth Circuit Narrowly Construes “Insiders” and, in Controversial Decision, Declines to Reverse Bankruptcy Appellate Panel
(DBN)

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Personal Bankruptcy:

Sixth Circuit BAP to Address Impact of Caulkett in Chapter 13
(DBN)

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Structured Dismissal:

Up the Chute, Down the Ladder: Shifting Priorities Through Structured Dismissals in Bankruptcy
(DBN)

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Guaranties:

The Risk-Shifting Effect of Business Bankruptcy: A Statutory Solution to Provide Additional Protections for Personal Guarantors of Debts by Closely-Held Business Ventures
(DBN)

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Currency:

Bitcoin and Bankruptcy: Putting the Bits Together
(DBN)

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Exemptions:

Let’s Talk About Guns: Should the Code Give Gun Owners Protection?
(DBN)

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Healthcare:

Killing the Patient to Cure the Disease: Medicare’s Jurisdictional Bar Does Not Apply to Bankruptcy Courts

HCA buying bankrupt Forest Park Medical Center in Frisco
(DBN)

I went to the hospital to stay sane. I left with bills I could never pay - Connection between attempted suicide and bankruptcy
(DBN)

HDL creditors to vote on liquidation plan in March; more suits emerge
(DBN)

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Sovereigns:

Emerging-Market Stocks Drop as Bonds Seen Riskiest Since 2009
(DBN)

Fifteen years after default, bond investors welcome back Argentina
(DBN)

Argentina Asks U.S. Judge to Drop Orders Blocking Debt Payments
(DBN)

Love and Exhaustion in Argentina
(DBN)

Widespread Credit Downgrades Likely For Oil Producing Countries
(DBN)

____________

UK:

Insolvency Practitioner jailed for 9-year, £5m fraud
(DBN)

Be Smart – Save 28% on Your Tax Bill
(DBN)

Law firms warned on drawings as profits rise
(DBN)

Tina Malone opens up about her surprise bankruptcy
(DBN)

____________

EU:

Bank turmoil: are Europe’s new bail-in rules to blame? EU official defends new rules for failing banks
(DBN)

Europe Bank Selloff Deepens as Traders Locked in `No Man's Land'
(DBN)

Germany fails to lift euro zone GDP
(DBN)

____________

PIIGS:

Banca Etruria declared insolvent
(DBN)

Which of Europe’s PIIGS might fly?
(DBN)

Bank refusal to agree to insolvency overturned
(DBN)

Italian bank shares fall despite latest NPL reforms Italian Economy Barely Expands, Casting Doubts on Outlook
(DBN)

Greece - IMF: First reforms, then debt cut Greece bailout review could be done by Easter IMF Warns of Renewed `Grexit' Fears Without Credible Greece Plan Greece, creditors still weeks away from bailout targets deal Greek Economy Returns to Recession After Shrinking in Fourth Quarter
(DBN)

Portugal Bears Brunt of Bond Selloff With Yield at 2014 High
(DBN)

Irish banking exec facing criminal charges agrees to be extradited
(DBN)

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Canada:

Cascading effect of low oil prices sweeps across Corporate Canada
(DBN)

Co-op Atlantic pensions could be slashed by as much as 30%
(DBN)

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China:

What Slowdown? Chinese Consumer Confidence Still Strong
(DBN)

M&A: China's world of debt
(DBN)

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Russia:

Ruble Falls With Oil as Nordea Sees Russian Budget Gap Widening
(DBN)

____________

Ukraine:

JPMorgan Touts Ukraine Bonds as Turnaround Starts After Selloff
(DBN)

Ukraine agrees debt restructuring deal with Russia's Sberbank
(DBN)

Ukraine Needs the IMF's Tough Love
(DBN)

____________

Austria:

Heta Bond-Offer Holdouts Face a Decade in Court, Schelling Says
(DBN)

Heta Debt Moratorium May Not Govern German Bonds, Court Says
(DBN)

____________

India:

India staring at banking crisis; bankruptcy law crucial: Sanger
(DBN)

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Brazil:

Renewables Most Leveraged Among Indebted Brazil Energy Companies
(DBN)

Record Number of Companies in Brazil Seek Bankruptcy Protection
(DBN)

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Norway:

Norwegian rail freight operator insolvent
(DBN)

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Australia:

Queensland Nickel administrators face huge task Court grants extension to follow Queensland Nickel money trail ASIC says Clive Palmer could face criminal charges It's become a Clive eat Clive world
(DBN)

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