February 2, 2016

The Daily Bankruptcy News

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Law:

Is Law Firm M&A Really On the Up? — Let’s Look Closer at the Numbers
(DBN)

Ropes & Gray Adds High-Profile Restructuring Partner In NY
(DBN)

Waller Adds 13 Attorneys From Bankruptcy Litigation Boutique in Austin Nashville law firm Waller Lansden scoops up Austin bankruptcy/litigation firm Southern firm triples Austin, Texas, office
(DBN)

Is 2016 the Year of the Litigation Boutique?
(DBN)

Verizon GC: We Don’t Need Law Firms At Our Business Meetings
(DBN)

The Lateral Report: Moves Hit a Post-Recession High
(DBN)

Group goes undercover at 13 law firms to show how US laws facilitate anonymous investment New York lawyers caught on tape offering 'grey money' advice
(DBN)

Sullivan & Cromwell Takes Rare Debtor Assignment for Primorsk
(DBN)

Bankruptcy Lawyer: Advice For The Hesitant Woman Writer
(DBN)

Is It Time To Set an LSAT Minimum for Law School Admission?
(DBN)

Should Law School Students Be Allowed to Earn Credit for Paid Work?
(DBN)

9 partners leave Dickstein Shapiro; is there a new potential merger partner?
(DBN)

22 partners are leaving this BigLaw firm, including 2 former leaders
(DBN)

3 Examples Of Unintended Consequences In The Law
(DBN)

Listed law firm halves earnings forecast
(DBN)

The New Woman Cave: The Courtroom
(DBN)

More details about the next iPad Apple's gigantic iPad Pro outsold Microsoft's entire Surface lineup last quarter — and it was only on sale for 6 weeks
(DBN)

Woman pulls over cop for driving 90 on his way to work
(DBN)

Police Officer Mistaken for S------- at 50th Birthday Party
(DBN)

One percent of Chicago police named in nearly 33 percent of complaints
(DBN)

Cops use Taser on cleaning woman after mistaking her for burglar — then charge her with evading arrest
(DBN)

Oregon occupiers were charged under law originally aimed at Civil War secessionists
(DBN)

Law firm raided by FBI overbilled clients, says fired ex-clerk in federal lawsuit
(DBN)

Texas Law Hawk Doing A Super Bowl Ad For Taco Bell
(DBN)

Lawyer who won $390K for clients at trial must pay $11K for alerting media about case
(DBN)

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Judges:

Future of Oyez Supreme Court Archive Hangs in the Balance
(DBN)

El Paso BK Clerk To Close For Pope's Visit
(DBN)

Judge faces ethics case after jailing woman who recanted domestic violence claims
(DBN)

Tire-deflating ex-judge is charged with misdemeanor for ordering deputy to shock ‘rude’ defendant
(DBN)

No Pajamas In The Courtroom?
(DBN)

Double Your Justice With Identical Twin Judges
(DBN)

The Ninth Circuit Sure Has Changed A Lot
(DBN)

It's Been 10 Years. Would Clarence Thomas Like to Add Anything?
(DBN)

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Wall Street:

US stocks : Dow futures drop by more than 100 points
(DBN)

Asian shares slip as crude resumes drop
(DBN)

Stocks higher, shake off oil slide US stocks edge mostly lower as energy prices plunge again
(DBN)

______________

Layoffs:

Big cuts coming to Yahoo
(DBN)

Fox to reduce workforce; targets $250 million in budget cuts
(DBN)

Quicksilver Resources' demise will cause 164 to lose jobs
(DBN)

More than 700 layoffs set for Wednesday at Newport News Shipbuilding
(DBN)

National and State by State Unemployment Rates
(DBN)

Animated Map of Unemployment
(DBN)

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Politics:

Cruz upsets Trump in Iowa; Clinton, Sanders in near tie Ted Cruz exposes cracks in Donald Trump’s campaign Ted Cruz's meteoric rise, explained How Ted Cruz Engineered His Iowa Triumph Clinton, Sanders dig in for protracted battle Ben Carson not quitting, just getting fresh clothes Rubio surges in prediction markets O’Malley to end run New York Daily News trolls Trump
(DBN)

How Ted Cruz used good political science to design a disastrous mailer Cruz Goes for the ‘Full Grassley’ — a Tour of Iowa’s 99 Counties Ted Cruz applauds Duck Dynasty star’s ‘cheerful’ vow to ‘rid the earth’ of gay marriage supporters
(DBN)

Clinton Will Win the Nomination. At What Cost? Hillary Clinton’s all-American scarlet letter Hillary Clinton's War on Universal Healthcare Is a War on the Middle Class Report: Clinton Emails Contained “Operational” Information and Put Lives At Risk
(DBN)

What Millennials Like About Bernie Sanders
(DBN)

Trump Vows To Appoint SCOTUS Justices Who Will Overturn Gay Marriage Trump is accused of paying female campaign workers half as much as men Trump’s presidential back-up plan: Another season of ‘The Apprentice’ Rapper Azealia Banks endorses Donald Trump for president in a bizarre rant because she has 'no hope for America' On Iowa Tour, Jerry Falwell Jr. Vouches for Trump With Evangelical Bloc Adele has told Donald Trump he doesn't have permission to use her music in his presidential campaign Here's what Trump is spending on his campaign
(DBN)

Three delusions driving the Ted Cruz and Bernie Sanders campaigns
(DBN)

Here's how much this year's presidential candidates spend to travel in style
(DBN)

Ben Carson's Campaign Is An ATM For His Advisors
(DBN)

Marco Rubio Pulls Ahead Of JEB! In All-Important Goldman Sachs Caucus
(DBN)

____________

Shipping:

South Korean Shipping Firm Fights to Stay Afloat in Global Storm
(DBN)

Oakland port's 2nd largest terminal operator files for bankruptcy Oakland port files for bankruptcy after tenant ends lease
(DBN)

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Hollywood:

Relativity Shows Bankruptcy Court Sizzle Reel With Kevin Spacey, Movie Clips
(DBN)

Relativity Bankruptcy: Financial Adviser Praises Debt Reduction
(DBN)

Relativity Squares Off With Netflix Over Feasibility of Bankruptcy Exit As Relativity seeks to exit bankruptcy, Netflix remains a hurdle
(DBN)

Relativity Confirmation Hearing: Kevin Spacey ‘Enormously Excited’ to Take Over Studio Kevin Spacey Asks Court To Let Studio “Go Forward”
(DBN)

Funding Should Last At Least 2 Years
(DBN)

Star Power Aside, Relativity Restructuring Faces Skepticism
(DBN)

____________

Fraud:

Recovered Madoff Money Now Over $11 Billion; More Hidden Away? More than $11BN now recovered for victims of Bernie Madoff's ponzi scheme, more to come
(DBN)

Tampa bank CEO files for bankruptcy tied to Michigan horse track deal gone bad
(DBN)

January 2016 Ponzi Scheme Roundup
(DBN)

Premier Cru ordered to turn over secret computer as 'wine pyramid scheme' lawsuits mount
(DBN)

____________

Aviation:

Airlines restore tiny perks, pretzels to pacify fliers
(DBN)

Delta: Air Hostesses in Fistfight at 37,000 Feet
(DBN)

____________

Music Festivals:

SFX Entertainment: facing the music SFX Files For Bankruptcy , Erases $300 Million In Debt
(DBN)

SFX in Bankruptcy , Overwhelmed by Electronic Music Festivals
(DBN)

Beatport Issues Urgent Statements Following SFX Bankruptcy
(DBN)

TomorrowWorld: festival will have a bright future despite SFX bankruptcy
(DBN)

____________

Distressed Investing:

Lynn Tilton Squares Off With MBIA in Bankruptcy Court
(DBN)

U.S. Leveraged Loans Fall 0.65% in Jan; 8th Straight Loss for Asset Class
(DBN)

____________


Economy:

Fed’s Fischer says markets might be right after all
(DBN)

Fischer Says Fed's Next Decision Unclear Amid Global Uncertainty
(DBN)

Consumer spending goes nowhere in December Savings rate is a major risk to the economy
(DBN)

Banks eased loan standards for U.S. households in 4th qtr -Fed survey
(DBN)

Wages increase for recent college graduates
(DBN)

Atlanta Fed tracker says just 1.2% growth for first quarter
(DBN)

Corporate Distress Deepens as Emerging Bond Spread Widens
(DBN)

How High Is the Risk of a Recession in the U.S.?
(DBN)

Cashin: Others doing Fed's tightening for it
(DBN)

Has the Most Reliable U.S. Recession Predictor Lost its Value?
(DBN)

Why the Fed must go negative on interest rates
(DBN)

Weak tone to manufacturing report from ISM in January How Worried Should You be About U.S. Manufacturing? US factory sector shrinks for fourth straight month
(DBN)

Markets too hasty to call a recession: Analyst Declining Profits at Big Companies May Signal Recession
(DBN)

Industrial recession engulfing America?
(DBN)

Is stock market setting up for lower lows?
(DBN)

This rare, fearful Fed trade may set tone for year
(DBN)

US Treasury curve flattens as oil prices fall
(DBN)

The credit markets are setting up for the greatest bust we've ever seen
(DBN)

The hottest sectors for M&A in 2016
(DBN)

Inside the Fed's `D-Day' War Games for Breach of U.S. Debt Limit
(DBN)

How U.S. map looks when sized for local economies
(DBN)

Treasury sought to withhold plans on debt prioritization : Report
(DBN)

US Companies Are Spending Less in 2016
(DBN)

US Debt Clock
(DBN

Economic Indicators Dashboard
(DBN)

______________

Real Estate:

Owners cautiously taking cash out of homes
(DBN)

Equifax: Subprime mortgage origination on the rise
(DBN)

Construction spending barely rises in Dec. US construction spending hit 8-year-high in 2015
(DBN)

Homeownership finally rising after decade of decline
(DBN)

Black Knight: Will homebuying become unaffordable in two years?
(DBN)

Demand for Detroit's old — and affordable — mansions revs up
(DBN)

____________

Municipalities:

Washington tries to weigh in as Puerto Rico struggles to find a solution to its debt crisis
(DBN)

Obama likely to discuss Puerto Rico with Republican leaders
(DBN)

U.S. House Republicans to push Puerto Rico bill by end of March Committee Chair: House Can Reach March Deadline on Puerto Rico
(DBN)

Puerto Rico proposes debt swap deal Puerto Rico seeks bond swap in proposed restructuring deal Puerto Rico Proposes 46% Reduction of Debt in Restructuring Puerto Rico seeks huge debt cut; creditors, insurers skeptical Slammed by insurer Loomis Sayles executive: Puerto Rico restructuring plan 'not going to fly'
(DBN)

Puerto Rico Bonds Zigzag With Recovery Rates Unclear in Proposal
(DBN)

Puerto Rico to release draft of 2014 unaudited statements soon-official
(DBN)

Puerto Rico Faces Prospect of Financial Control Board
(DBN)

Zika: As if Puerto Rico didn’t have enough to worry about
(DBN)

Countersuit filed over Atlantic City loan program
(DBN)

Browning Closes City Offices Amid Financial Crisis
(DBN)

Flint water crisis could squeeze Michigan's finances: S&P The Flint water crisis was 'decades in the making' Flint water crises shakes faith in emergency managers
(DBN)

Chicago's Emanuel Heads to Wall Street After Deal Postponed
(DBN)

Chicago teachers union rejects 'serious offer' from district
(DBN)

____________

Oil/Gas:

Tues.: Crude prices drop to nearly 1-week low
(DBN)

Banks “finally found religion” at $30 oil, lawyers see wave of bankruptcies
(DBN)

Oil Prices Tank As Chinese Economic Data Continues To Disappoint
(DBN)

Natural gas may drop to a more than 20-year low
(DBN)

Goldman Sachs: It's too late for OPEC to save oil
(DBN)

Banks On The Hook For Bad Energy Loans
(DBN)

Oil companies ' 5-year CDS rise
(DBN)

Moody's places 120 oil and gas companies on review for downgrade
(DBN)

Kemp: U.S. Economy Slows Sharply as Oil and Gas Slump Deepens
(DBN)

US oil & gas sector: things to get worse before they get better
(DBN)

Energy companies detail hundreds more layoffs Three-Fifths of Workforce Would Recommend O&G Career Despite Slump
(DBN)

Negative Outlook for Oil Service Sector from Texas Business Owners
(DBN)

S&P Lowers Shell's Rating, Puts Other Oil Majors on Watch
(DBN)

BP posts loss of $5.2 billion for the year BP reports worst annual loss in 20 years BP Profit Falls 91%
(DBN)

OPEC’s Serious Decline Forecast For U.S. Shale Is Exaggerated
(DBN)

Texas Shale Drillers Lure $2 Billion in New Equity to Permian
(DBN)

Expect M&A from ALL big oil firms: Top analyst
(DBN)

Priorities for Cost-Cutting in the Oil Industry
(DBN)

Anadarko loss widens as revenue falls 35% $1.25B loss, to cut 2016 spending in half
(DBN)

Investors double down on a losing energy bet
(DBN)

Why crude oil prices keep falling and falling, in one simple chart
(DBN)

A big reason it’s too late for OPEC to cut production
(DBN)

Pickens: Oil already bottomed—here's what's next
(DBN)

Energy debt trouble ups recession risk: Yusko
(DBN)

Gulf States Shy Away From OPEC Meeting to Cut Production
(DBN)

Oil-Price Poker: Why the Saudis Won't Fold 'Em
(DBN)

Vallourec cuts jobs, seeks capital as oil slumps
(DBN)

Evaluating Bankruptcy Risk In The Energy Sector Using Altman's Z2-Score - Equipment And Services
(DBN)

Good joke about junk-bond traders
(DBN)

Wyoming sees oil and gas jobs drop by 5,400 in 2015
(DBN)

One way banks are coping with oil crisis? Charging you more
(DBN)

Upstream Sector To Surprise In 2016 Despite Negative Forecast: New Report
(DBN)

North Dakota Governor Orders Cuts Amid $1B Budget Shortfall
(DBN)

Flood Of Oil Asset Writedowns Seen Across Asia On Crude Rout
(DBN)

____________

Coal:

Walter Energy strikes deal to sell remaining U.S. assets Walter Energy to Sell Remaining U.S. Assets to Seminole Coal Resources
(DBN)

Who is the Virginia Conservation Legacy Fund? Things to know about the buyer of Walter's assets
(DBN)

Federal coal moratorium brings even tougher times for US mine towns
(DBN)

Mine issues continue as Peabody announces 75 layoffs at two mines
(DBN)

____________

Defaults:

Fitch: Loan Defaults, Not Just Commodities for U.S. CLOs
(DBN)

____________

Internet:

Yahoo revenue expected to hit 11-year low
(DBN)

____________

Newspapers:

Freedom Auction Set
(DBN)

____________

Mining:

BHP Given Weeks to Act as Prices Rout Endangers Its `Solid A'
(DBN)

____________

Pharma:

Martin Shkreli's Failed Last Play for a Pharmaceutical Coup
(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 (88 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (13 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:

Rochester: Bankruptcy filings in region drop 17.4 percent
(DBN)

Wisconsin Bankruptcy filings dip to lowest level in eight years
(DBN)

Bankruptcy filings down in NW Ohio
(DBN)

______________

Professional Compensation:

ASARCO-NO: Estate Professionals Cannot Be Paid Fees-on-Fees by Contract or Alternate Statute
(DBN)

More Bad News for Bankruptcy Professionals – Baker Botts v ASARCO is Back Like a Boomerang
(DBN)

Delaware Rejects Fee-Defense Indemnification in Boomerang Tube Case
(DBN)

Objections to Employment Applications Which Include Indemnification for Defense of Fees Sustained
(DBN)

____________

Plan Confirmation:

Individual Chapter 11 Debtors Cannot Escape the Absolute Priority Rule
(DBN)

____________

Cross-Border:

Cross-Border Closing Opinions of U.S. Counsel
(DBN)

____________

Exit Strategy:

Another Way Out: Structured Dismissals in Jevic's Wake
(DBN)

____________

Sales:

The Sweet Sound Of A 363
(DBN)

____________

Surcharge:

Secured Lender Forced to Pay Trustee's Expenses of Preserving Collateral...for 14 Months
(DBN)

____________

Estoppel:

A Foolish Inconsistency
(DBN)

____________

Avoidance Actions:

Lender's Inquiry Notice of Fraud Involving Collateral Allows Avoidance of Security Interest in Bankruptcy
(DBN)

____________

Bankruptcy Poetry:

Just Sue Me
(DBN)

Rigs in Repose
(DBN)

____________

Settlement:

Did I Forget to Turn Off the Stove? What Can Happen If You Forget to Dismiss a Settled Case
(DBN)

____________

Discharge:

Let Me Be Clear: Fifth Circuit Holds Generic Plan Release Language Lacks Specificity to Discharge Creditor’s Claims Against Officer of the Debtor
(DBN)

____________

Healthcare:

Put the ‘Community’ Back Into Community Hospital Bankruptcies
(DBN)

Greenberg Glusker Guides Imaging3, Inc. Through Multiple Bankruptcy Appeals
(DBN)

____________

Resorts:

Izmirlian Seeks Baha Mar Talks
(DBN)

Govt Admits Its Baha Mar Timetable 'Over-Ambitious'
(DBN)

____________

Student Debt:

Politics could stymie student loan borrowers
(DBN)

New Ed Senior Adviser Rohit Chopra Talks Student Debt Crisis
(DBN)

____________

Celebs:

Teresa Giudice set for 'Good Morning America' interview
(DBN)

____________

Hollywood:

Relativity Says It Can Function Post-Bankruptcy Without $100 Million
(DBN)

____________

Retailing:

Birchbox lays off workers
(DBN)

American Apparel losses widen amid bankruptcy
(DBN)

____________

Broker/Dealers:

Brokerage RCS Capital bankruptcy to take Cetera private
(DBN)

____________

Soccer:

Fifa blocks $20m payment to Americas region
(DBN)

____________

Biotech:

Trustee sought for bankrupt biotech tied to investor Shkreli
(DBN)

____________

Sovereigns:

Argentina starts talks with vulture creditors Macri's envoy Caputo meets with Pollack Argentina resumes talks with hedge fund 'holdouts' Argentina to Make Offer to Holdout Creditors
(DBN)

NY talks: Argentina delays debt presentation to 'vultures'
(DBN)

France to convert half of Cuban debt arrears into investment projects
(DBN)

IMF Changes Rules to Avoid Large Bailout Loans
(DBN)

____________

UK:

U.K. Regulators Fine Insurers 19 Million Pounds Over Failures
(DBN)

____________

 

PIIGS:

Italian finance official expects big interest in banks’ bad loans
(DBN)

Greece’s lenders to start first review of $93 billion bailout Greece Needs Additional Austerity Measures and Reforms to Get Debt Relief, Says ESM Managing Director Klaus Regling Greece to Begin Bailout Review With International Creditors
(DBN)

McFeely asks High Court to refuse ‘oppressive’ bankruptcy extension
(DBN)

____________

Canada:

'Worst IT nightmare you could imagine' took down Target Canada, writer explains
(DBN)

____________

Russia:

Sberbank demands $92.1 mln in Transaero bankruptcy case
(DBN)

____________

Denmark:

Danish electronics firm Fona facing bankruptcy
(DBN)

____________

China:

Record China Factory Slump, What's Next?
(DBN)

____________

South Africa:

Gordhan Meets Business Leaders as South Africa Junk Rating Looms
(DBN)

South African Economy `Flirting' With Recession, World Bank Says
(DBN)

____________

Japan:

Japan's Experiment With Rates of Less Than Zero
(DBN)

____________

Brazil:

The Lawyer for Brazil’s Troubled Billionaire Banker Wants to Talk
(DBN)

____________

India:

An economist’s advice to India: When debt turns sour, forgive and forget
(DBN)

Building an Institution of Insolvency Practitioners in India
(DBN)

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