February 18, 2016

The Daily Bankruptcy News

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Law:

Minority-owned firm of more than 100 attorneys to close Feb. 29, lawyers are told in conference call • Large Law Firm Suddenly Closes, Leaving 100+ Lawyers Jobless
(DBN)

Disparity Between Law Firm Realization in Chapter 11 vs. Other Practice Areas -- Or Just Mismeasurement?
(DBN)

Keith Sambur Heads to Haynes and Boone, Broadening Distressed Debt Capabilities
(DBN)

Bankruptcy Attorney Jonathan E. Aberman Joins Dykema’s Chicago Office
(DBN)

Lawyer wants sexual harassment payment returned, says plaintiff violated nondisclosure deal through disclosures in his bankruptcy case • Bankrupt lawyer demands ex-colleague refund sexual harassment payout
(DBN)

Sidley Partners Pass $2 Million Mark
(DBN)

So Who Do Lawyers Commonly Marry? A Chart Will Tell You
(DBN)

Law Firms to Need More Capital as Boomers Retire
(DBN)

NALP: Law Students Enjoy More Robust Law Firm Recruiting
(DBN)

DLA Piper’s U.S. Co-Chairs on Their Re-election, Firm Strategy and Partner Exits
(DBN)

Greenberg Traurig Results Fed by 4% Revenue Growth
(DBN)

White & Case prioritizes London and US as revenue climbs 1 per cent
(DBN)

K&L Gates Names 50 New Partners
(DBN)

Concealed handguns will now be allowed in University of Texas classrooms
(DBN)

Shotgun-wielding man threatens to kill girlfriend after becoming jealous of . . .
(DBN)

New York lawyer is fatally shot by police in domestic incident
(DBN)

Will U.S. Lawyers Regulate Themselves Into Diminished Relevance?
(DBN)

Family law attorney is charged with driving getaway van in armed robbery of frozen yogurt shop
(DBN)

Bundy, Sons Indicted for 2014 Nevada Standoff
(DBN)

Someone called 911 after they overheard their neighbors watching 'The Walking Dead'
(DBN)

Drunken driver gets enhanced sentence over her live-stream selfie video
(DBN)

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Judges:

Scalia’s Six-Year Stint as a Big Law Associate
(DBN)

Controversy Erupts At A T14 Law School Over How (Or Even Whether) To Mourn Justice Scalia
(DBN)

Fact-checking claims about the 80-year SCOTUS nomination ‘tradition’
(DBN)

Obama and Republicans Are Both Wrong About Constitution
(DBN)

Supreme Court could be most liberal in decades
(DBN)

Supreme Court terms have been getting longer. Here's why.
(DBN)

Candidate drops out of judicial race after calling clerk a ‘hair lipped N----- w----’
(DBN)

A historian sets Ted Cruz straight on the Supreme Court
(DBN)

What Justice Scalia’s Death Tells Us About Civility
(DBN)

How an Obama Nomination to Supreme Court Is Likely to Play Out in the Senate
(DBN)

McConnell's Supreme Court vow could backfire
(DBN)

Scalia’s Death Is a Setback for Online Lenders in Key Court Fight
(DBN)

Obama To Skip Scalia Funeral — Let’s All Overreact!
(DBN)

Here's Why the SCOTUS Battle Could Get So Much Worse
(DBN)

The Real Supreme Court Frenemies
(DBN)

I’m a liberal lawyer. Clerking for Scalia taught me how to think about the law
(DBN)

Why Justice Scalia was staying for free at a Texas resort • Scalia's Hunting Trip Was a Gift From a "Friend" Who Had Business Before the Supreme Court Last Year
(DBN)

The Supreme Court Vacancy: Will President Obama Seek A Grand Slam or A Sacrifice Fly Nominee
(DBN)

Hanky-Panky Judge Surrenders Law License After Offering Favourable Ruling In Exchange for ‘Favors’
(DBN)

The Fate of Scalia's Papers is Uncertain
(DBN)

Influential Supreme Court expert says a dark horse candidate might fill Scalia's seat • 5 Potential SCOTUS Picks
(DBN)

This Federal Judge Should Be Ashamed of Himself
(DBN)

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Wall Street:

Dow futures jump 100 as US oil gains 3%
(DBN)

US stocks close higher after FOMC minutes
(DBN)

The smart money is getting ready to buy
(DBN)

Bill Gross took a brief moment to tell everyone to sell
(DBN)

Wall Street Gloom Seen as `Big Disconnect' With Profit Outlook
(DBN)

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Layoffs:

Marcellus jobs market takes another beating
(DBN)

Yahoo Shuts Down Digital Magazines, Cuts 300 More Jobs
(DBN)

National and State by State Unemployment Rates
(DBN)

Animated Map of Unemployment
(DBN)

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Distressed Investing:

Junk-bond market faces major refinancing ‘cliff’
(DBN)

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Retailing:

Next wave of store closings may hit luxury: Real estate pro
(DBN)

Sports Authority employees told Texas stores, including nine in D-FW, closing • Sports Authority to close Sports Castle in 140-store shutdown, says report • Sports Authority begins closing stores in widespread shutdown
(DBN)

Should Sports Authority give up its Mile High Stadium naming rights?
(DBN)

Kmart to stock shelves with bankrupt companies' products
(DBN)

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Tech:

Leaked numbers show Yahoo's core products are in trouble
(DBN)

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Banking:

How Slightly Negative Rates Can Tear Into Bank Profits
(DBN)

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Celebs:

GoFundMe Page Aims to 'Get Kanye Out of Debt'
(DBN)

Tori Spelling And Husband Still Splurging Amid Money Woes?
(DBN)

50 Says Creditors' Payment Plan Makes Him Their Slave
(DBN)

Why 3-Point Shots Drain Bank Accounts
(DBN)

Robyn Dixon On ‘Real Housewives Of Potomac’ Drama: Is She Really Broke?
(DBN)

This is how the Internet feels about Kanye West’s $53 million debt
(DBN)

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Healthcare:

HDL gets an edge in dustup with buyer
(DBN)

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Shipping:

Dry bulker Golden Ocean plans to raise $200 mln in restructuring
(DBN)

China's shipbuilders strive to navigate economic cold
(DBN)

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Economy:

Negative rates are dangerous: Morgan Stanley
(DBN)

Strong US industrial output bolsters growth picture • Fed: Industrial Production increased 0.9% in January
(DBN)

OECD Cuts Global Growth Forecast and Warns of Growing Risks
(DBN)

US producer prices edge up on machinery, services margins
(DBN)

US companies now at risk for this catastrophe
(DBN)

'We're nearly out of ammo to combat risks to growth'
(DBN)

Goldman: Gas Trades Like Near a Recession
(DBN)

Investors Brace for a Financial Crisis Repeat
(DBN)

Consumers' Spending Activity Slows in December 2015
(DBN)

Fed policymakers discussed changing interest rate path: minutes • Fed eyes increased risks for US economy • Market selloff worried most voters at the Fed, minutes show • New documents show rising caution at the Federal Reserve after global turmoil • Bullard: Fed would be 'unwise' to hike rates • Fed reluctant to pull trigger again: economists
(DBN)

Fed Frets Corporate Credit Crunch Will Crimp Economic Growth
(DBN)

2 things we failed to learn from 2008 financial crisis
(DBN)

So who’s going to pay for you to live to be 100?
(DBN)

U.S. Small-Business Owners Grow More Optimistic
(DBN)

Viruses worse than Zika imperil global economy
(DBN)

This Chinese Company Moved Production to South Carolina to Save Money
(DBN)

The 27 countries with the highest levels of tax in the world
(DBN)

Bernie Sanders Fact Check: "The richest 80 people in the world own more wealth than the bottom half of the global population."
(DBN)

Gig Economy Attracts Many Workers, Few Full-Time Jobs
(DBN)

US Debt Clock
(DBN

Economic Indicators Dashboard
(DBN)

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Real Estate:

Housing Starts in U.S. Drop to Lowest Level in Three Months • Declined to 1.099 Million Annual Rate in January
(DBN)

AIA: "Slight Contraction in Architecture Billings Index "
(DBN)

MBA: Mortgage Applications Increased in Latest Weekly Survey, Purchase Applications up 30% YoY
(DBN)

Where the ‘American dream’ of homeownership is fading the most
(DBN)

Fed’s final push for HARP?
(DBN)

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Municipalities:

Puerto Rico Is Nearing the Brink Of Bankruptcy
(DBN)

Puerto Rico Weighing Plan to Stop Paying Debt to Preserve Cash
(DBN)

White House holds roundtable on Puerto Rico crisis, calls for Congress to act
(DBN)

Flint mayor opposes Snyder's plan for replacing pipes
(DBN)

Lawmakers draft an Atlantic City intervention • N.J. lawmakers: Here's how we'll stop Atlantic City from going broke
(DBN)

DPS emergency manager job could be split in two
(DBN)

House GOP plan for DPS: Wait 8 years to elect board
(DBN)

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Oil/Gas:

Big bankruptcies are coming to the oil and gas sector
(DBN)

Haynes and Boone Assessments of Oilfield Economics Continue to Attract Press Attention
(DBN)

Iran offers no action in support of global oil pact • OPEC Ups Pressure On Iraq, Iran To Freeze Production • US oil surges 5.6% on Iran support for output freeze • Oil deal questionable despite rally • Oil prices seesaw as investors hope Iran will change its mind • Iran stops short of committing to oil output cap
(DBN)

Seventy Seven Energy records fourth-quarter loss • Restructuring advisors on board, bankruptcy possible
(DBN)

Another Denver energy company to skip interest payment
(DBN)

Energy XXI: Is This The End?
(DBN)

Marathon reports $793 million loss for the quarter • Marathon Oil Reports $2.2 Billion Loss For 2015
(DBN)

Cullen/Frost’s credit rating on review
(DBN)

Chesapeake: Bankruptcy as a backdrop
(DBN)

Foresight Energy Skips Bond Interest Payment as Change-of-Control Issue Looms
(DBN)

Is Knight Oil Tools ‘on the verge of bankruptcy’?
(DBN)

Origin First-Half Profit Slides 27% After Gas Prices Decline
(DBN)

Noble posts $2 billion loss for the quarter, but increases production
(DBN)

Shale Faces March Madness as $1.2 Billion in Interest Comes Due
(DBN)

Chinese Oil Major Sees Itself Forced To Shut Down Oil Fields
(DBN)

This international conflict may send oil prices higher
(DBN)

Refiners could be the next victim of the oil plunge
(DBN)

N.D. reports lower crude oil production, expects further declines
(DBN)

At Pemex, a New CEO Confronts Painful Reckoning for Oil Bust
(DBN)

Saudi Rating Gets S&P Jolt as Four Oil-Nation Credits Are Cut
(DBN)

Oil-Rich Nigeria Now Can't Afford to Pay Teachers
(DBN)

____________

Food/Beverage:

Bankruptcy court approves Haggen's $5.75 million settlement with Albertsons
(DBN)

____________

Currency:

The Bitcoin Identity Crisis: Currency or Property?
(DBN)

Mt. Gox Bankruptcy Claim Update Shows Investigation is Far From Over • Kraken announces significant progress in MtGox claims investigation • Claims Reach $23.6 Billion
(DBN)

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Fraud:

FBI investigates possible wine Ponzi scheme
(DBN)

Judge blocks Madoff victims' $11 billion lawsuit vs Picower estate • The Opinion
(DBN)

Premier Cru: Berkeley wine purveyor potentially pleading the Fifth in bankruptcy
(DBN)

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Metals:

Horsehead picks chief restructuring officer
(DBN)

____________

Student Debt:

Guy arrested during student-debt collection has to reimburse US Marshals $1,200 for his arrest
(DBN)

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Environmental:

Ex-exec sentenced to 1 month in West Virginia chemical spill
(DBN)

____________

Mining:

Magnetation agrees to pay back overtime
(DBN)

Anglo Cut to Junk for Third Time This Week as S&P Downgrades
(DBN)

____________

Gambling:

Examiner’s Report May Help Bring End to Caesars Bankruptcy
(DBN)

Judge Denies Mediation Motion in Caesars Entertainment Bankruptcy “As Unnecessary”
(DBN)

Judge to Caesars Creditors: 'Just Click Your Heels' to Start $20 Billion Talks
(DBN)

Caesars Bankruptcy in Disarray as Senior Creditors File Against Gaming Operator
(DBN)

____________

Music Festivals:

SFX Bankruptcy Filing Provides Detailed Finance Info, Shows a Company Falling Short
(DBN)

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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 (31 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (9 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)

______________

Bankruptcy Statistics:

The Year in Bankruptcy: 2015
(DBN)

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Miscellaneous:

2016 Lookback Period – Six Weeks (Part 1)
(DBN)

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Estoppel:

Bankruptcy Court Holds Debtor Cannot Argue Real Property Had Lower Value Than What Was Attributed to Debtor's Schedules and Sworn Testimony
(DBN)

____________

Claims Trading:

Anders J. Maxwell: Claims Trading Puts Integrity of Chapter 11 at Risk • Mark Roe: Rise of Claims Trading Complements 363 Sales • Perry Mandarino: A Healthy Secondary Market Helps Restructurings
(DBN)

____________

Cross-Border:

Maple Bank Administrator Seeks Chapter 15 in New York
(DBN)

Germany’s Maple Bank Indemnification: Implications for Creditors
(DBN)

____________

Chapter 13:

Chapter 13 Plan: How to Really Get Rid of Unwanted Property
(DBN)

____________

Privilege:

Can a Company's Founder and CEO Use Company Documents to Support His "Advice of Counsel" Defense After the Company Declares Bankruptcy?
(DBN)

____________

In Pari Delicto:

In Pari Delicto Deconstructed: Dismantling the Doctrine that Protects the Business Entity's Lawyer from Malpractice Liability
(DBN)

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Consumer Bankruptcy:

Court comes down on bankruptcy services
(DBN)

____________

UCC:

Don’t Panic! Even Though Oregon Changed from Alternative B to Alternative A on January 1, 2016
(DBN)

____________

Bankruptcy Poetry:

Chapter 11 Alphabet
(DBN)

Global Warming 2016
(DBN)

____________

TBTF:

Minneapolis Fed’s new president vows plan for big-bank breakup
(DBN)

Neel Kashkari oversaw the bailout of the big banks. Now he wants to break them up.
(DBN)

____________

Coal:

Arch Coal Creditor Panel Challenges Co.’s Proposed DIP Loan
(DBN)

Obama's Clash With Coal Producers Cost Democrats
(DBN)

Wyoming says its coal mine cleanup policy is flawed
(DBN)

The $1.47 Billion Problem Threatening Peabody's Balance Sheet
(DBN)

Feds warn Peabody Energy of possible mining-law violation
(DBN)

The Decline Of The Coal Industry Is “Long-Term” And “Irreversible”
(DBN)

Anglo Said to Work With Bank of America on More Coal-Mine Sales
(DBN)

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Sovereigns:

Argentina's lessons
(DBN)

Argentina : Payments and more Payments
(DBN)

Tables turned in Argentine holdouts saga
(DBN)

Finance minister meets with US mediator Pollack in New York
(DBN)

A morality tale in Argentina's debt epiphany
(DBN)

In Argentina Debt Battle, Small Bondholders Ask for Equal Treatment
(DBN)

Argentina Euro Accord May Bring It Closer to Injunction Removal
(DBN)

____________

UK:

It’s unanimous: High Court says liquidators can join insurers
(DBN)

Can Rolls-Royce make the nation proud again? UK's flagship engineer is facing its biggest financial crisis since bankruptcy 45 years ago
(DBN)

____________

EU:

Eurozone can’t survive another bank crisis
(DBN)

Europe Leveraged Loans Post Longest Run of Losses Since Crisis
(DBN)

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PIIGS:

ie: Enquiries soar as bankruptcies set to double in 2016
(DBN)

Banking Risks Lurk Behind Beleaguered Portugal Hit by Bond Rout
(DBN)

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Canada:

Argent Energy Trust Granted Initial Order Under The Companies' Creditors Arrangement Act
(DBN)

Newspapers Wither in Canada With No Billionaires to Save Them
(DBN)

Edmonton recycling firm moves into bankruptcy
(DBN)

____________

China:

China just began printing an unexpectedly large amount of money
(DBN)

Is China's Subprime Crisis Already Here?
(DBN)

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Russia:

Russia files lawsuit against Ukraine over $3bn debt in London Court
(DBN)

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India:

Banks may soon get nod to change ownership of stressed projects
(DBN)

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Venezuela:

Venezuela needs oil close to $200 a barrel to balance its budget
(DBN)

____________

South Korea:

Insolvency, Restructuring Feared to Undermine Banks’ Soundness
(DBN)

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Japan:

Japan exports fall most since 2009 as global slowdown bites
(DBN)

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MENA:

Directors’ Liability in the Event of Insolvency in the United Arab Emirates
(DBN)

Beautiful Women Are More Likely To Be Possessed By Evil Spirits
(DBN)

____________

Australia:

Origin Energy HY loss widens ; to suspend dividend
(DBN)

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Brazil:

Brazil's Rating Cut Further Into Junk Territory by S&P
(DBN)

Usiminas Posts Wider-Than-Forecast Loss Amid Brazil Recession
(DBN)

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