February 26, 2016

The Daily Bankruptcy News

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Law:

Wachtell Lipton Co-Chair Explains Where He Sees Pricing Pressure
(DBN)

Dentons' global revenue cracks $2bn
(DBN)

Dentons Tells Former McKenna Partners It's Keeping Some of Their Capital
(DBN)

Latham’s Voge takes long view as financials plateau at $2.6bn
(DBN)

Weil PEP rises 5 per cent to $2.5m as revenue stays flat
(DBN)

DLA Revenue Tops $2.5 Billion, But Profits Fall
(DBN)

Burr & Forman Names Bankruptcy Partner As Practice Group Management Partner
(DBN)

Despite Energy Decline, Haynes and Boone's Profits Soar
(DBN)

Longtime GC: Firms Need to Understand Their Clients' Goals
(DBN)

Hogan Lovells Heads to the Bluegrass with First U.S. Back Office
(DBN)

A Day In The SmallLaw Life (Part II)
(DBN)

What Happens When Gunfire Breaks Out During The Bar Exam?
(DBN)

One GC's Advice on Running a Global Legal Dept
(DBN)

Job Opening: UST Trial Attorney - San Diego
(DBN)

Job Opening: Ch. 13 Trustee - KS
(DBN)

Partner announces move to Simpson Thacher, then changes his mind
(DBN)

Who Is To Blame For The LSAT?
(DBN)

Should Lawyers Blog?
(DBN)

Lawyer Glut - Partly demographics, since Baby Boomers can't/won't retire
(DBN)

Shaky Economy or Not, Retirement Remains a Thorny Issue
(DBN)

Upper echelons of the legal profession still served by a silver spoon
(DBN)

Apple wants to make it impossible for the company to comply with law enforcement's demands for data
(DBN)

Yes, you can wear sneakers to work — if you follow this rule
(DBN)

Why is Camille Cosby not protected by spousal privilege?
(DBN)

Barclays analyst arrested on charges of cat torture
(DBN)

Rubio Played Both Sides on Land Deals
(DBN)

Trump University did not make these Americans great: lawsuit
(DBN)

Once living in US illegally, immigrant now looks forward to paying $50K in taxes on law practice
(DBN)

Appeals court denies bid by Outlaws biker club for return of 3 forfeited leather vests
(DBN)

7th Circuit blasts US case, cites turn signal seen on police dashcam in reversal of drug conviction
(DBN)

Up to 1 in 3 lawyers in India may have fake degrees
(DBN)

Found unfit for trial in botched hit on attorney, hospitalized doctor sues over confinement
(DBN)

The Great Pennsylvania Government P--- Caper
(DBN)

MO: Legislators Don't Need Law School
(DBN)

Police arrest man who taunted them online, taunt him back
(DBN)

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Judges:

Scalia spent his last hours with members of this secretive society of elite hunters
(DBN)

Getting Insulted By Justice Scalia: One Journalist’s Tale
(DBN)

If Anyone Gets Confirmed, The Court Will Be More ‘Scalia-Diverse’
(DBN)

Tribute: He did what he was born to do
(DBN)

White House, GOP Lock Horns on Supreme Court Nomination
(DBN)

The surprising governor floated for the Supreme Court vacancy has taken his name out of consideration Governor Sandoval Pulls Himself Out Of SCOTUS Consideration Because… Obviously
(DBN)

The Supreme Court’s Next Trial
(DBN)

Why Obama should pick a conservative Supreme Court nominee
(DBN)

Why Obama should select Scalia's replacement from within the federal judiciary
(DBN)

Roberts has most to lose with SCOTUS vacancy
(DBN)

Could a Republican Supreme Court nominee break partisan stalemate?
(DBN)

An Adult Conversation about the Fight to Fill Justice Scalia’s #SCOTUS Seat
(DBN)

Supreme Court Fight Won’t Die, No Matter How Hard Republicans Try
(DBN)

Appeals court judge is detained, but makes flight, after loaded gun found at airport in his luggage
(DBN)

Kagan Only Justice to Experience 8-Member Court
(DBN)

This Kid’s Supreme Court Quiz Answer Probably Not Getting Credit
(DBN)

Lawyers accused of public rush hour s-- at railway station
(DBN)

At Least 4 People Killed, 20 Injured in Workplace Shooting in Kansas Shooter Not Called a Terrorist
(DBN)

Court Ruling Keeps Ex-Montana Federal Judge's Racist Emails Secret
(DBN)

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Wall Street:

Dow futures rise 100 points
(DBN)

Global stocks rise with eyes on G20 growth push
(DBN)

Stocks post a solid gain, following rising oil prices
(DBN)

Wells Fargo slashes its S&P 500 price target, still expects an 8% rally
(DBN)

S&P 500 Earnings: Far Worse Than Advertised
(DBN)

Rising risk of earnings recession as expectations slide
(DBN)

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Layoffs:

Halliburton to cut 5,000 jobs in new round of layoffs
(DBN)

HP will lay off 3,000 workers this year
(DBN)

Sears cuts headquarters staff after dismal quarter
(DBN)

National and State by State Unemployment Rates
(DBN)

Animated Map of Unemployment
(DBN)

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Ethanol:

Large Ethanol Company Files for Bankruptcy
(DBN)

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Coal:

Peabody Energy: The Fall of the World's Biggest Public Coal Company
(DBN)

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Healthcare:

NYC, Hudson Valley Lose Dozens of Ambulances After Company Goes Bankrupt
(DBN)

Wall Street's "Wonder Woman" confirms TransCare bankruptcy
(DBN)

Doctors Hospital of Michigan bankruptcy plan approved by federal judge
(DBN)

Fight for Health Co-op Funds Looms
(DBN)

Minuteman draws down $100M from feds to deal with Obamacare; an alternative to bankruptcy or being 'lucky'
(DBN)

GAO: Obamacare Fraud is Rampant
(DBN)

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Retailing:

Store closings are the hottest trend in retail Store closings signal big change at Kohl's
(DBN)

Distressed Retailers Turning Into Pariahs as Financing Dries Up
(DBN)

Best Buy pushing more cost cuts as sales growth remains elusive
(DBN)

Sears chairman says every retailer is screwed Sears chairman blames Tesla, Uber, and Amazon for sending the retailer to the grave Sears Loses $580 Million In Last Quarter Of 2015, Still Working On That 'Transformation' Thing Dead man walking Sears is in a 'perpetual state of decline' Sears Holdings Deepens Loss Sears Hedge Fund Manager CEO Calls Criticism of Faltering Retailer "Unfair" Sears names outside investor Berkowitz to board as losses grow
(DBN)

Sears CEO cites US minimum wage hikes, tax rules as burdens
(DBN)

Restoration Hardware gives new excuse for failure Rich aren't splurging on pricey furniture. Blame stocks
(DBN)

Sports Authority Is on the Brink of Bankruptcy
(DBN)

You'd pay $12.8 billion to buy one of everything on Amazon
(DBN)

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Alternative Energy:

Short Interest in Solar, Alt Energy Stocks Moving Higher
(DBN)

Bankrupt GTAT eyes $3.6M sale of solar business
(DBN)

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Personal Finance:

The 29 smartest questions to ask at the end of every job interview
(DBN)

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Environmental:

You Can Pollute Drinking Water For 300,000 People And Get Just One Month In Prison
(DBN)

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Economy:

Jobless Claims Rise in U.S. Holiday Week From 3-Month Low
(DBN)

Strong US durable goods orders offer hope for manufacturing Durable Goods Still Contracting Despite 'Job Gains'
(DBN)

Krugman: Everybody Gets A Pony
(DBN)

Recession sign is in play and has 81% accuracy
(DBN)

Citi: Risk of global recession rising Citi: Here Comes a Global Recession
(DBN)

The US IPO market has almost completely dried up
(DBN)

This capital market is the toughest for companies to tap in a decade
(DBN)

Giving up its US citizenship could save Pfizer $35 billion in taxes
(DBN)

The 20 cities around the world with the most billionaires
(DBN)

How Older Women Are Reshaping U.S. Job Market
(DBN)

US consumer OK, but be careful: Yardeni
(DBN)

The great customer service you got after the recession? It was a blip.
(DBN)

Delinquencies on peer-to-peer loans are rising
(DBN)

The huge Republican tax cut plans, in 4 charts We've lost sight of how wildly irresponsible the Republican tax plans are
(DBN)

The problems in the US economy may be more widespread than we think
(DBN)

US Regions Still in Economic Distress
(DBN)

US Debt Clock
(DBN

World Debt Clock
(DBN)

Economic Indicators Dashboard
(DBN)

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Real Estate:

Benchmark mortgage rates in U.S. near 13-month low Average 30-year mortgage rate falls to 3.62%
(DBN)

Fannie and Freddie: Recap and Release Is Still Just a Dream
(DBN)

Why Blacks and Hispanics Have Such Expensive Mortgages
(DBN)

Clark Turner bankruptcy claims come in at $56.5M
(DBN)

Eviction: Donations Roll in for 97 Year Old
(DBN)

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Municipalities:

Detroit's pension shortfall raises red flags about bankruptcy plan assumptions
(DBN)

Detroit uncovers $50M in unspent bond funds
(DBN)

State Treasurer Tells Lawmakers That Bankruptcy For DPS Makes No Sense
(DBN)

White House Steps Up Aid for Financially Ailing Puerto Rico
(DBN)

Congress Grasps for Puerto Rico Rescue as House's Deadline Nears
(DBN)

Puerto Rico needs restructuring to avoid cascading defaults -Treasury Treasury's Weiss Seeks Puerto Rico Restructuring to Halt Crisis Treasury official: Puerto Rico needs US help NOW US: Puerto Rico gov't could shut down if denied bankruptcy Puerto Rico fiscal crisis requires a two-step solution, Treasury Dept. says
(DBN)

Puerto Rico Risks Dangerous Precedent by Protecting Pensions
(DBN)

Is Obama Administration Plan for Puerto Rico Debt a ‘Bailout?’
(DBN)

Puerto Ricans don't want a bailout. They want this...
(DBN)

Mutual funds urge Puerto Rico lawmakers: protect sales tax-backed debt
(DBN)

Franklin, Oppenheimer Say Cofina Changes Would Harm Puerto Rico
(DBN)

What Puerto Rico Can Learn From Detroit's Bankruptcy
(DBN)

Lawmakers Focus on Puerto Rico Board With Broad Restructuring Powers
(DBN)

Atlantic City Has Cash Until April, Finance Director Says
(DBN)

Jackson, Miss. Cautions Against Drinking Tap Water After Lead Reports
(DBN)

Cruz Standing in the Way of Flint Water Deal Flint Water Warnings Hit Gov's Inner Circle
(DBN)

San Bernardino aims to exit bankruptcy by year's end
(DBN)

Budget Woes in One of America's Wealthiest Cities
(DBN)

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Oil/Gas:

Banks Brace for Potential Energy Losses
(DBN)

US Shale Drillers Finally Buckling Over Prices
(DBN)

European Banks' $200 Billion Oil Slick
(DBN)

Bond Vigilantes Push $258 Billion of Oil Debt Past Junk
(DBN)

At $30 oil price, shale rebound may take much, much longer
(DBN)

Halliburton slashes another 5000 jobs
(DBN)

Energy Woes Continue as Oil & Gas Issuers Join Restructuring Watchlist
(DBN)

Thurs. P.M.: Oil Prices Shake Off Losses, Turn Positive on Cutback Hopes Big Banks Cut Oil-Price Forecasts Oil futures end higher as producers plan March meeting
(DBN)

Oil sector aims for profits at $50 crude
(DBN)

The Allure Of Shale Is Wearing Off
(DBN)

Why Oil Booms And Busts Happen
(DBN)

Oil, Gas Companies Facing Bankruptcy Have Few Options
(DBN)

Goldman Sachs: The Energy Collapse Isn't Even Close to the Subprime Crisis
(DBN)

Apache loss widens on low oil price Apache Corp. loses $7.2 billion for quarter, slashes capital spending
(DBN)

US energy investor KLR delays offering, dampens hopes for IPO
(DBN)

Falling oil prices bury rich Houston homeowners
(DBN)

Houston, We Have a Problem: The Oil Rout Hits Texas
(DBN)

Battered oil companies vow to ride out storm until price rebound
(DBN)

A Gamble As Big As The Chesapeake (Energy) Chesapeake Energy stops drilling in Pa. after $15 billion lossChesapeake Energy Corporation: Deutsche Bank Predicts Rough 2016
(DBN)

Oil industry tormented by latest price slump
(DBN)

Energy companies’ latest move as oil prices slump? Sell, sell, sell
(DBN)

Frackers abandon Bakken as oil prices continue to bite
(DBN)

With Oil Still In The Doldrums, Wage Theft Claims Have Jumped
(DBN)

Oil and gas job losses continue to hit Colorado companies
(DBN)

Standard & Poor’s lowers Apollo Investment, cites oil & gas exposure
(DBN)

UK Oil Industry At The “Edge Of A Chasm”
(DBN)

Kinder Morgan says pipeline fees safe from price slide Kinder Morgan, Inc.: Countering The Fears About Counterparty Risks
(DBN)

Energy MLPs Are Talking About Collateral
(DBN)

Exxon Faces Downgrade by Moody's Following S&P Outlook Shift
(DBN)

Oil Prices: Eni Loses $9.4 Billion
(DBN)

Iranian Oil Minister Calls OPEC Production Freeze ‘A Joke’
(DBN)

How A Premature Interest Rate Hike Could Spell Disaster For Oil
(DBN)

Bottoming MLPs Offer a Bright Spot for Energy Investors
(DBN)

The Cuts Keep Coming at Enerplus Corp.
(DBN)

Iran Seeks Oil Barter as European Buyers Face Bank Hurdles
(DBN)

Angola’s state oil firm says its debt has soared 41% due to lower oil prices
(DBN)

Seadrill To Announce Restructuring Actions Within The Next Few Months - What Will They Look Like?
(DBN)

Linn Energy: A Rude Awakening
(DBN)

$10 Oil Will Trigger Economic Collapse, Warns Economist
(DBN)

Bank Trading Desks' Oil Confessionals
(DBN)

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Education:

Here's why Marco Rubio accused Donald Trump of running a 'fake university' Marco Rubio Didn't Go to Trump University—He Went to the School of Hard Knocks
(DBN)

Tx. University Dean Leaving Over Gun Rules
(DBN)

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Food/Beverage:

Auction for Haggen's core stores pushed back for a third time
(DBN)

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Brokers:

Sorting Out Dodd-Frank's Treatment of Failed Broker-Dealers
(DBN)

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Electricity:

Texas regulators: ‘Benefits’ in Hunt-led plan to buy Oncor is $295 million worse for customers
(DBN)

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New Bankruptcy Opinions
(8 new opinions today - DBN)

Bankruptcy Court Web/Pacer Site Directory

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

Recent Ch. 11 Filings (30 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (12 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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Plan Confirmation:

Ninth Circuit Rules That Debtor’s Insider Can Sell Claims to Friendly Third Parties and Garner Critical Acceptance Votes on Its Plan
(DBN)

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Miscellaneous:

Rozens on Corporate Bankruptcies
(DBN)

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Chapter 13:

Mortgage Payments Outside Chapter 13 Plan Don't Affect Discharge
(DBN)

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Professional Compensation:

Delaware Bankruptcy Judges Expand Boomerang Tube Holding that Professionals Cannot Contract Around Baker Botts v. ASARCO
(DBN)

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In Pari Delicto:

Affirmed: New York’s Application of the In Pari Delicto Doctrine Bars Faithless Servant Claim and Bankruptcy Insider Exception
(DBN)

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TBTF:

Break up big US banks like Ma Bell: Fed's Bullard
(DBN)

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Aviation:

Republic Airways Files for Bankruptcy Protection in New York Republic Airways Files for Bankruptcy Republic Airways Holdings Inc. and Subsidiaries File for Chapter 11 Reorganization Republic Airways Holdings Inc files for Chapter 11 bankruptcy Pilot Shortage Forces Republic Airways to File for Bankruptcy Bombardier C Series Dealt Blow After Customer Bankruptcy Filing
(DBN)

First Day Dec Petition
(DBN)

Applause as Child Removed from Airliner
(DBN)

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Student Debt:

Report: Student loan debt jumped in last quarter of 2015
(DBN)

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Fraud:

The employees defrauding their companies are increasingly senior
(DBN)

Feds Fine Gibraltar $6.5M as Ponzi-Schemer Rothstein's Banker
(DBN)

Customers confront owner of bankrupt wine store Sparks fly
(DBN)

Madoff Trustee Says Accountant Aided Fraud
(DBN)

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Autos:

Federal Judge Tells VW To Fix Diesel Cars
(DBN)

VW's Lawyer Cites Progress on Settling Emissions Rigging Claims
(DBN)

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Radio:

iHeartMedia's fourth-quarter loss widens to $93 million
(DBN)

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Shipping:

Peruvian Dry Bulk Player to Succumb to Bankruptcy
(DBN)

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Celebs:

50 Cent says no to Indentured Servitude but Court Demands Answers
(DBN)

Famous Accountant Mitt Romney Would Like A Peek At President Trump’s Tax Returns
(DBN)

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Corporate Governance:

Two Recent Delaware Decisions Further Illustrate the Scope of Section 220 Discovery
(DBN)

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Politics:

Nearly 20% of Trump Fans Think Freeing the Slaves Was a Bad Idea
(DBN)

Appeals court strikes down Ohio laws banning political lies
(DBN)

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Sovereigns:

The eve of distraction
(DBN)

US judge calls hearing in Argentine debt case
(DBN)

Argentina's Presidential Giveaway to Vulture Funds
(DBN)

Prat Gay cautious on negotiations with holdouts
(DBN)

What Has To Happen To End Argentina's Conflict With The Vulture Funds?
(DBN)

In latest Argentina bond flap, mediator scolds hedge fund lawyer for disclosures
(DBN)

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UK:

Wrongful Trading – IPs Need to Demonstrate an Increase in Net Deficiency for a Successful Claim
(DBN)

RBS lost a colossal £2 billion and this massive set of legal issues is threatening to wreck the bank 8th Straight Year of Losses
(DBN)

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EU:

European Distressed Debt Market Outlook 2016
(DBN)

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PIIGS:

Portuguese banks escape European stress tests
(DBN)

Abengoa Asks Investors to Extend Maturity of Bonds Due in March Spain’s Abengoa Seeks Extension for Payment on €500 Million in Maturing Bonds
(DBN)

Greek Recovery Hinges on Bailout Review, Says Central Bank Governor
(DBN)

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Canada:

Charges laid in bankruptcy fraud investigation
(DBN)

Canada’s oil industry faces rising threat from its own backyard, IEA warns
(DBN)

Property flip in bankruptcy sale ‘fraudulent’
(DBN)

Justin Trudeau’s Broken Campaign Promises The Red Ink Is All Over Trudeau’s First Budget
(DBN)

Bombardier Inc's biggest CSeries customer, Republic Airways, files for bankruptcy protection
(DBN)

‘First thing to go is all your toys’: Auctions busy as Albertans cope with slump
(DBN)

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Australia:

Australia's Dick Smith fails to find buyer, to shut remaining stores
(DBN)

Dick Smith furious at 'utter dishonesty' of electronics retailer's previous owner
(DBN)

Dick Smith collapse puts directors and auditor under the gun
(DBN)

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Japan:

Foxconn puts Sharp takeover on hold over undisclosed liabilities
(DBN)

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Venezuela:

In Decaying Venezuela, Debts Get Repaid
(DBN)

Venezuela is shipping gold to pay debt
(DBN)

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Norway:

Hedge funds spar over Norske Skog debt restructuring
(DBN)

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China:

Cheapest-Ever Chinese Banks Aren't Cheap Enough
(DBN)

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Brazil:

Most holders want Sete Brasil to file for creditor protection, sources say
(DBN)

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