February 23, 2016

The Daily Bankruptcy News

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Law:

Associate Bonus Watch: Erasing The New York/Non-New York Divide
(DBN)

Sorry, partner, your capital cash is gone—but where?
(DBN)

Another Firm Offers Unlimited Vacation For Associates
(DBN)

Many lawyer departures prior to Dickstein’s demise were planned, former chairman says
(DBN)

Coming and Going Concerns
(DBN)

Cole Schotz Retained to Assist in Zucker Goldberg Bankruptcy
(DBN)

Arent Fox Weathers Slowdown Amid Some Growth
(DBN)

Total Fees in Energy Future Holdings' Bankruptcy Nearing $300 Million
(DBN)

A GC's Lessons in Patching Up a Distressed Company
(DBN)

Whiteford, Taylor & Preston LLP opens Pittsburgh office led by bankruptcy lawyer
(DBN)

Bankruptcy Lawyer: 2 Keys For Negotiating Your Career Transitions
(DBN)

Why You Respect You
(DBN)

More In-House Lawyers Are Logging Their Hours. Should You?
(DBN)

Associates Find Opportunities In Uneven Market
(DBN)

At Mayer Brown, a High-Profile Lateral Associate?
(DBN)

A very legal coup: the accountancy giants
(DBN)

Creeping retirement age will frustrate young lawyers' partnership aspirations
(DBN)

Wearing formal clothes may boost confidence and dominance in some business situations, studies say
(DBN)

Gowlings and Wragge Lawrence Graham Form New Global Law Firm
(DBN)

Attorney’s Web chats from law firm IP address lead to p--- charges, abuse accusations
(DBN)

Move Over LSAT, Here Comes the GRE
(DBN)

For Clients, Bigger Isn’t Better — Better Is Better
(DBN)

Minority-On-Minority Racist Memeing, At Cornell Law
(DBN)

Merger Alert: Squire Patton Boggs Grabs San Francisco Firm
(DBN)

Blood In The Water: Lawyer In Trouble For Stealing Ancient Shark’s Tooth From Museum
(DBN)

County gave feds OK to unlock killer’s iPhone, but it never installed feature allowing remote access Bill Gates sides with FBI in iPhone hack request
(DBN)

Trump: I'm not sure if Marco Rubio is eligible to be president
(DBN)

Federal judge orders lawyer to pay almost $116K for pursuing baseless discrimination case
(DBN)

Federal Judge: Are You A Real Criminal Defense Lawyer? A ‘Simple’ Test
(DBN)

Cruz: I'll Deport All 12 Million Illegal Immigrants
(DBN)

Newlywed stabbed lawyer husband to death when he lost his job
(DBN)

Convicted S-- Offender In Utah Steals Bus And Tries To Pick Up School Children
(DBN)

Nathan Hardwick - Allegedly stole $20 million+ from Morris Hardwick Schneider
(DBN)

Judge sanctions lawyers $32K for ‘intentionally misleading conduct’ in settlement negotiations
(DBN)

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Judges:

Scalia lauded as shorthanded Supreme Court returns to work Supreme Court resumes without Scalia Nino Scalia, R.I.P. Chief justice remembers Scalia's 'irrepressible spirit'
(DBN)

Finite terms for SCOTUS justices would ease ‘dysfunctional politics’ of nominations, editorial says
(DBN)

GOP Fractures Over a Senate Hearing for Scalia Vacancy GOP senator breaks ranks with his party on the Supreme Court vacancy
(DBN)

In First Arguments Since Scalia's Death, Two Textbook Cases for the Justice
(DBN)

Biden in 1992 Urged Waiting Until After Election on a Supreme Court Nominee
(DBN)

John Oliver’s hilarious ad tells Senate to ‘Do your job’ and vote to replace Scalia
(DBN)

Judiciary Transmits Fiscal Year 2017 Budget Request to Congress
(DBN)

Chief justice explains his Bob Dylan quote and the reason for a missing ‘ain’t’
(DBN)

When I Was Too Afraid To Speak, Justice Scalia Was There For Me
(DBN)

Justice Scalia Was More Of An Outlier Than You May Think
(DBN)

Justice Scalia Walks Into A Confessional….
(DBN)

Federal judge feels tricked into ‘chicanery, duplicity and mendacity’ in Stan Chesley matter
(DBN)

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Wall Street:

Stock futures beat a retreat
(DBN)

FTSE 100 falls as oil prices lose ground
(DBN)

Europe shares backtrack from 3-week high
(DBN)

Stocks Surge as Crude Rallies by 6%
(DBN)

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Layoffs:

MassMutual Financial Group to lay off 360
(DBN)

Robots are coming for jobs paying $20 or less
(DBN)

Deutsche Bank Will Cut 75 Jobs at Markets Unit in Overhaul
(DBN)

National and State by State Unemployment Rates
(DBN)

Animated Map of Unemployment
(DBN)

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Alternative Energy:

Alexandria wood pellet firm asks for bankruptcy court protection
(DBN)

US Subsidiaries of German Wood Pellet Maker Enter Bankruptcy
(DBN)

First Day Dec
(DBN)

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Ports:

Port of Oakland reaches deal with bankrupt operator to wind down operations
(DBN)

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Distressed Investing:

Spread Gap? Leveraged Loans Trading Well Wide Of What Default Rates Imply
(DBN)

SEC's Wyatt Says Third Avenue Situations Are 'Ongoing Concern '
(DBN)

The Junk Debt Funds Threatening to Create an $88 Billion Logjam
(DBN)

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Defaults:

Corporate defaults are on the rise, with 3 more this week
(DBN)

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Healthcare:

Judge rules against union in privatizing financially-troubled Maui hospitals
(DBN)

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Mining:

Digging for Help: Key Issues in Metals Exploration Bankruptcies
(DBN)

BHP whacks dividend, rearranges top execs amid $5.7B H1 loss
(DBN)

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Fraud:

Owner of Premier Cru embroiled in FBI investigation
(DBN)

FBI: Ill-gotten $20M funded jets, mansions and gambling
(DBN)

Cay Clubs Founder Gets 40 Years In Prison For $300 Million Ponzi Scheme
(DBN)

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Student Debt:

Student loan debt is sapping the economy
(DBN)

____________

Pharma:

Valeant Plunges for Second Day as Analyst Says `Too Much Risk'
(DBN)

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Mass Torts:

Chamber study finds ' inconsistencies' in asbestos trust claims
(DBN)

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Consultants:

Epiq Systems considers sale
(DBN)

____________

Education:

Private colleges raise fees after losing prestige
(DBN)

____________


Economy:

Why 1 in 4 Americans are on verge of financial ruin
(DBN)

Chicago Fed: "Index shows economic growth picked up in January"
(DBN)

Upbeat White House Report Points To More Jobs, Higher Wages US Economy Growing but Faces International Headwinds Widening inequality
(DBN)

Would Donald Trump or Bernie Sanders Supercharge Growth? Obama’s Economists Think Not Dispute Over Rosy View of Sanders’s Economic Plan Highlights Wishful Thinking on Left
(DBN)

Five Trends That Will Shape the Future of the U.S. Economy
(DBN)

Still think America is the ‘land of opportunity’?
(DBN)

Dreams of Living Well in Retirement Dim for Americans
(DBN)

Market Versus the Fed: Are We Headed for a Recession?
(DBN)

The World's Debt Is Alarmingly High. But Is It Contagious?
(DBN)

Lawyers Warn of 1998-Like Debt Pain
(DBN)

It's the 15th Century All Over Again
(DBN)

Poorer students benefit less from a degree
(DBN)

Uber-type work is now a band-aid for stagnant wages — but that could change
(DBN)

Class 8 Big Rig Truck Sales Fall 48%
(DBN)

US Debt Clock
(DBN

Economic Indicators Dashboard
(DBN)

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Real Estate:

First Look at January Mortgage Data
(DBN)

Here’s what the decline in mortgage debt is telling us
(DBN)

Bank of America will offer mortgages for 3 percent down
(DBN)

Freddie and Fannie are making money again, and everyone wants it
(DBN)

The math behind the need for GSE reform
(DBN)

Vast majority of homeowners wrong about their home values
(DBN)

123 N Wacker Ready To Exit Bankruptcy
(DBN)

Three generations honored claimed oral promise of lifetime rental, but now woman, 97, faces eviction
(DBN)

Toll's earnings meet forecasts; revenue beats
(DBN)

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Municipalities:

Battle of the Puerto Rico bondholders
(DBN)

Puerto Rico tells Speaker Ryan more financial docs on the way
(DBN)

2015: A Chaotic Year for the Commonwealth of Puerto Rico
(DBN)

Atlantic City mayor terms NJ takeover plan 'fascist dictatorship'
(DBN)

A.C. mayor proposes alternative to state takeover
(DBN)

Illinois governor eyes blocking Chicago school debt
(DBN)

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Debt Collection:

Utah man dies in police custody after being jailed for $2,400 unpaid medical bill
(DBN)

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Oil/Gas:

The Arrival of the Billion Dollar Oil & Gas Cases
(DBN)

Goldman Sachs Says 40% of Its Oil, Gas Lending to Junk Firms
(DBN)

Nat gas keeps sliding
(DBN)

IEA Rings `Alarm Bells' on Deeper Oil Industry Spending Cuts
(DBN)

IEA: Oil supply, demand to rebalance in early 2017 Goldman Sachs: Projected U.S. oil output cuts on track to realign supply, demand Crude oil rallies on signs of supply-side weakness
(DBN)

Fears around falling oil demand grow
(DBN)

Shale Fightback Seen Lifting US Oil Output To Record High By 2021 How U.S. shale oil output will bounce back
(DBN)

Why crude oil prices keep defying all predictions
(DBN)

Texas Oil Production Remains Resilient In Light Of Low Oil Prices
(DBN)

OPEC Unsure How It Can 'Live Together' With Shale Oil
(DBN)

Not Even OPEC Saw Oil Crash Coming
(DBN)

Output freeze is 'first step' : OPEC's El-Badri
(DBN)

Are Saudis Or U.S. Frackers The Swing Producer Of Oil ?
(DBN)

Oil Sands Growth Seen Slowing or Halting After Current Work
(DBN)

Midstream MLPs Cringe As Bankruptcy Judge Mulls Rejecting Gathering Contract
(DBN)

IMF’s Lagarde Says Oil May Stay Low for Longer Than Expected
(DBN)

Carlyle, Blackstone Energy Dealmakers Expect More M&A in 2016
(DBN)

When Will We See Consolidation in the Oil Industry?
(DBN)

Who Will Be Left Standing At The End Of The Oil War
(DBN)

Chesapeake Energy Surges Most in 7 Years on Buyout Speculation
(DBN)

Chesapeake Debt Cut Deeper Into Junk as Cash Dwindles in Rout
(DBN)

Denver's Craig Energy files for Chapter 11
(DBN)

Memorial Production Partners' Secret Weapon
(DBN)

Carl Icahn faces cash crunch due to bad oil bets
(DBN)

Cobalt cuts Houston jobs amid financial loss
(DBN)

Energy traders hang on Naimi comments
(DBN)

Crude glut: S&P downgrades big European oil companies
(DBN)

One In Seven North Sea Oil Barrels Being Produced 'Below Cost'
(DBN)

Scotland's oil industry 'at edge of chasm' as investment collapses
(DBN)

Offshore oil's gusher of cutbacks and losses
(DBN)

The US Built More Solar Than Natural Gas Last Year
(DBN)

This Oil Stock Shows It's Not All Gloom in Canada's Energy Patch
(DBN)

Debt a complicating factor in oil bust, Occidental CEO warns Oil Mergers Hindered by Heavy Debt, Occidental Boss Says
(DBN)

Texas Endowment Finds Something to Like About Downtrodden Energy
(DBN)

Glut may imperil North Sea oil industry
(DBN)

____________

Celebs:

Bankrupt NHLer in fight with parents over family home
(DBN)

Ex-NBA player now broke, disheveled and barefoot
(DBN)

50 Cent Just Posted Another Money Photo Despite His Bankruptcy 50 Cent: Bankrupt , broke or rich? Creditors Question Rapper 50 Cent's Financial Status
(DBN)

Judge: Founder of luxury Montana resort will stay in jail
(DBN)

____________

Opera:

NY City Opera Announces 2016 Season After Bankruptcy
(DBN)

____________

Religion:

In bankruptcy dealings, Helena diocese sets alternate example
(DBN)

____________

Banking:

The banking industry’s rough year could finally test whether Dodd Frank is strong enough
(DBN)

HSBC global legal spend up $500m in 2015
(DBN)

____________

Marijuana:

A Pain In The Bud: Restructuring A (California) Medical Marijuana Non-Profit
(DBN)

____________

Satellites:

Intelsat hires Guggenheim to plot debt restructuring
(DBN)

____________

Shipping:

Now owners may have to demolish ships
(DBN)

Chinese Ship Builder Warns Investors of Possible Rougher Seas Ahead
(DBN)

____________

Agriculture:

Land in ex-Turner Grain exec's bankruptcy goes for $1.46M
(DBN)

____________

Golf:

New plan for defunct Seminole golf course
(DBN)

____________

Autos:

More Subprime Borrowers Are Falling Behind on Their Auto Loans
(DBN)

VW May be Forced to Clean the Air of Pollution
(DBN)

___________

 


New Bankruptcy Opinions
(2 new opinions today - DBN)

Bankruptcy Court Web/Pacer Site Directory

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

Recent Ch. 11 Filings (10 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (8 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)

______________

Miscellaneous:

The Year in Review: U.S. Bankruptcy and Restructuring Matters
(DBN)

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Claim Accrual:

Timing Is Everything – Frenville Continues to Surface in Pre-2011 Cases
(DBN)

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Collateral Estoppel:

Collateral Estoppel Take Two
(DBN)

____________

Standing:

Post-Westwood Eleventh Circuit Bankruptcy Appellate Standing Cases
(DBN)

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Cross-Border:

2016 Begins With a Renewed Focus on COMI in Chapter 15 Cases
(DBN)

Review of Cross-Border Cases in 2015: Eligibility for Relief Examined
(DBN)

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TIA:

The Trust Indenture Act: What is All the Fuss About?
(DBN)

____________

Bankruptcy Reform:

Going Up: Bankruptcy Code Dollar Amounts Will Increase On April 1, 2016
(DBN)

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Claim Allowance:

When the Statute of Limitations Meets Claim Objections
(DBN)

____________

Insurance:

The Evolution of Directors and Officers Insurance from 1933 to the Present
(DBN)

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TBTF:

Biggest U.S. Banks Fight Back Against Fed's Too-Big-to-Fail Plan
(DBN)

TBTF, RIP?
(DBN)

____________

Food/Beverage:

With Bankruptcy Nearing, What Went Wrong With Fairway Markets?
(DBN)

____________

Metals:

Horsehead bankruptcy hearing delayed
(DBN)

____________

Coal:

Peabody Energy Corporation: Bankruptcy Imminent as Asset Sale to Bowie Resource Is in Trouble
(DBN)

Critics: Peabody can no longer be counted on to clean up coal mines
(DBN)

The US coal industry is falling apart. Here's the surprising reason why
(DBN)

Amid coal market struggles, less fuel worth mining in US
(DBN)

____________

Sovereigns:

Argentine lawmakers seen favoring deal with holdout creditors
(DBN)

Argentina moves to drop US appeal over local bond payments
(DBN)

Argentina may repeal law that led to it being shunned by global bond market
(DBN)

Argentina to issue 15bn in bonds to end litigation with holdouts and return to global money markets
(DBN)

Vulture-related laws are priority for Macri
(DBN)

Elliott Management vs The Republic Of Argentina
(DBN)

Argentina's New Attitude Pays Off in Bond Fight
(DBN)

Macri: 'enormous effort' made on debt
(DBN)

____________

UK:

TUPE and insolvency
(DBN)

Lawyer who 'plunged his 900-employee firm into bankruptcy by stealing $30MILLION to spend on private jets, multiple girlfriends, gambling, and paying off his ex-wife' faces prison
(DBN)

____________

EU:

EU insolvency law reform could boost growth and jobs across Europe, finds new report
(DBN)

NordLB in joint venture to advise on restructuring of ship loans
(DBN)

German business sentiment slides Fall in business morale deepens concern about German economy
(DBN)

____________

PIIGS:

Greek PM offers olive branch to protesting farmers
(DBN)

Greek parliament approves reform bill to aid victims of austerity measures
(DBN)

Greek anti-austerity hopes boosted by budget surplus
(DBN)

European Commission confirms creditors’ return to Athens this week
(DBN)

____________

Canada:

Wabush Mines pensioners demand change in bankruptcy laws
(DBN)

____________

MENA:

Gulf banks under pressure – Low oil prices hit GCC banks
(DBN)

Trudeau Drops Campaign Promises and Goes All In With Deficits
(DBN)

____________

Bahamas:

Sarkis: Receivers 'Not Pursuing' Baha Mar's $192m Claim
(DBN)

CCA Knew Baha Mar Start Doomed 2 Months Before
(DBN)

____________

India:

Party Ending for Beer King in $117 Billion India Bank Revamp
(DBN)

10 Million Without Water in Delhi
(DBN)

____________

Singapore:

Singapore's Bad Loans Will Hit Financial Crisis Levels, Lawyers Say
(DBN)

Singapore banks insist NPLs are manageable, lawyers differ
(DBN)

____________

Australia:

ABC Learning: ASIC probe ends; founder Eddie Groves exits bankruptcy
(DBN)

Palmer Aviation placed in liquidation
(DBN)

____________

Venezuela:

Venezuela's Descent Into World's Riskiest Sovereign Credit: Q&A
(DBN)

____________

Caribbean:

The Caribbean's "Silent Debt Crisis"
(DBN)

____________

Netherlands:

Perry Sport becomes latest high street store in trouble
(DBN)

____________

Austria:

Austrian finance minister to meet Heta creditors this week
(DBN)

____________

China:

China Economy: Here's How It's is Staving off a Great Recession
(DBN)

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