February 4, 2016

The Daily Bankruptcy News

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Law:

Greenberg Traurig acknowledges merger talks with UK law firm Greenberg Traurig is in Early Talks to Tie Up with London Law Firm Law Firm Merger Mania: Greenberg Traurig Flirts With A British Suitor Greenberg Traurig Confirms Tie-Up Talks With British Firm Greenberg Traurig Confirms Tie-Up Talks With British Firm BLP targets Greenberg Traurig for merger Berwin Leighton Paisner in merger talks with US giant Greenberg Traurig to create 2,500 lawyer super firm
(DBN)

This Law Firm Has the Strongest Brand for 5 Years Running
(DBN)

Can This Tech Company Save Legal Education?
(DBN)

Carter Ledyard Elevates Bankruptcy Lawyer To Counsel
(DBN)

Sutherland Adds Energy Bankruptcy Partner In Houston
(DBN)

Law Schools Are Not Exposing Students To Real World Business Development
(DBN)

Goodwin Procter reveals double digit revenue growth to $865m
(DBN)

Companies Pressure Law Firms With Procurement Process
(DBN)

Judge Orders Examiner in Zucker Goldberg Bankruptcy Case
(DBN)

The Model for Law Firms Looking to Improve Client Relations
(DBN)

The Am Law 100, the Early Numbers: Paul Weiss Partner Profits Top $4 Million
(DBN)

King & Spalding Breaks $1B in Revenue in 2015
(DBN)

Drinking is a Problem for 1 in 3 Lawyers, Study Finds - Junior associates have highest rate of alcohol abuse
(DBN)

When Pedigree Referred To Pets, Not Lawyers
(DBN)

Houston a La Carte: Behind Orrick's Texas Expansion
(DBN)

Courts Required to Consider Continuance of Hearing on a Motion for Summary Judgment
(DBN)

After years of legal battle, Mexican immigrant becomes a New York lawyer
(DBN)

Viral ads launch young attorney into role in Taco Bell’s Super Bowl product promotion
(DBN)

Stress is shrinking your brain, but you can rebuild it
(DBN)

Steven Avery's brother offers new evidence that could help the 'Making a Murderer' convict
(DBN)

An hour spent on security checklist will help block hackers, WSJ tech columnist says
(DBN)

Robert Durst pleads guilty to gun charge, clears way for LA murder trial
(DBN)

Uber for Divorce? These Start-Ups Are Bringing DIY Divorces to the Masses
(DBN)

Former general counsel will receive $850K for alleged defamation by his onetime employer
(DBN)

When You Work For A Law Firm That’s Designated As A Hate Group, This Is What People Say About You
(DBN)

What happens when you pull over a police officer?
(DBN)

Jury Summons Instructs People To Call S-- Hotline
(DBN)

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Judges:

Chief judge changes policies after news of guardianship work by judge’s wife
(DBN)

How long has Justice Thomas declined to ask oral argument questions? An anniversary nears
(DBN)

Five Hilarious Things Litigators Can Learn From Judge Judy
(DBN)

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Wall Street:

US stock futures higher as oil rallies
(DBN)

Global stocks rise as weak dollar, US rate outlook keep oil strong
(DBN)

Stocks close higher after a late-day turnaround
(DBN)

Why has 2016 been so bad? Earnings, in a word
(DBN)

Ugly earnings may mean a scary 20% S&P 500 plunge
(DBN)

4 scenarios that could goose the market ‘fear gauge’
(DBN)

Goldman Sachs just announced a big shake-up
(DBN)

Credit Suisse Investment Bank Slumps as Thiam Speeds Up Overhaul Credit Suisse swings to $5.8 billion loss
(DBN)

Private equity may be Wall Street’s canary
(DBN)

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Layoffs:

Autodesk announces 925 layoffs -- 10% of its workforce -- as part of restructuring plan
(DBN)

SandRidge Energy Lays Off 172 In OKC
(DBN)

Weatherford to cut thousands of additional jobs
(DBN)

Energy companies plan to shed jobs
(DBN)

National and State by State Unemployment Rates
(DBN)

Animated Map of Unemployment
(DBN)

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Politics:

Rand Paul drops out of race for Republican nomination Rand Paul's Exit Is Good for Democracy
(DBN)

Paul Ryan to Tea Party: You Are the Problem
(DBN)

Trump: No regret over his Fox News debate boycott Trump accuses Ted Cruz of violations in Iowa Trump cries 'fraud,' calls for do-over in Iowa Donald Trump's Iowa performance was genuinely impressive Trump: I will 'probably' sue because Ted Cruz cheated in Iowa The Limits of Donald Trump's Accusations Donald Trump loses Iowa but wins Nobel Peace Prize nomination President Trump's Revolution? Fear Not Can Art Trump Trump? Ted Cruz Crows About Jimmy Carter’s Choice of Trump
(DBN)

New Hampshire won’t go for Iowa winner Ted Cruz
(DBN)

What we can learn from Bernie Sanders’s Iowa voters
(DBN)

Silicon Valley waiting for Bloomberg’s bid, reluctantly supporting Clinton John Kerry gets sucked into the Hillary Clinton email scandal Hillary desperately needs New Hampshire moms, because their kids are feeling the Bern Hillary on Trump: 'We were not friends'
(DBN)

Lloyd Blankfein To Bernie Sanders: ‘Where Brooklyn At?!’
(DBN)

Rick Santorum quitting presidential race, CNN reports
(DBN)

Wall Street is betting big on Rubio, Clinton
(DBN)

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Retailing:

The CEO of Michael Kors, in 2 sentences, lays out why brick-and-mortar retailers are doomed
(DBN)

Can 'Made in the USA' save American Apparel?
(DBN)

Hancock Fabrics closing 70 stores after filing for bankruptcy
(DBN)

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Healthcare:

Free ABI Live Webinar: Restructuring of Continuing Care Retirement Communities
(DBN)

Progress on Go Ye restructuring plan continues
(DBN)

Questions over $8 million in deferred interest stall progress Progress on Go Ye restructuring plan continues
(DBN)

St. Mary's hospital praises Prime Healthcare Services
(DBN)

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Celebs:

Caesars Tackles Gordon Ramsay Restaurants in Bankruptcy
(DBN)

Bill Cosby in court: Former DA says comedian is shielded from prosecution Bill Cosby Riding High on Day 2 of Challenge to PA Assault Charge Judge OKs criminal case against Bill Cosby, rejects immunity argument
(DBN)

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Hedge Funds:

Activist hedge fund Orange Capital to shut down, return $1 billion to investors
(DBN)

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Ports:

Oakland bankruptcy won't deter Ports America investment elsewhere
(DBN)

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Ethanol:

Creditors seek to put Abengoa's US bioethanol unit into bankruptcy
(DBN)

Enough With Ethanol
(DBN)

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Steel:

Steelmakers face another year of pain even as prices steady
(DBN)

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Mass Torts:

U.S. Chamber Commends Senate Judiciary Committee Efforts to Bring Transparency, Oversight, and Accountability to Asbestos Bankruptcy Trusts
(DBN)

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Student Debt:

The Borrower Defense Provision: An Easier Way To Discharge Federal Student Loans (With No Tax Consequences)? Can once-obscure ‘borrower defense’ help law grads erase student debt?
(DBN)

Here's the Toll That Student Debt Can Take on Retirement
(DBN)

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Economy:

U.S. private-sector jobs growth continues ADP: Slower But Still Healthy US Job Growth In January
(DBN)

Stratfor predictions for what world will look like in 10 years
(DBN)

Why are Americans so angry?
(DBN)

Goldman: Fed will only hike 3 times this year
(DBN)

Toxic Loans Around the World Weigh on Global Growth
(DBN)

Service-sector growth slowest in two years Terrible news about the most important part of the US economy
(DBN)

Here’s What Oil and Gas’s Ugly 2015 Did to Business Investment
(DBN)

Fed’s Dudley: Financial conditions will factor in Warns conditions are tightening
(DBN)

Tumbling Treasury yields point to lower rates for longer
(DBN)

The Pros and Cons for Negative Interest Rates
(DBN)

Bank stocks rocked by recession fears
(DBN)

Goldman boss likens central bankers to oncologists
(DBN)

Gross: 'Shades of 2007' as central banks flunk Bill Gross Says Central Banks ‘Increasingly Addled’ Gross Asks World's Central Bankers: ‘How's It Workin' for Ya?’
(DBN)

Why just a 2% chance of a U.S. recession this year Recession odds 40 percent: Deutsche's LaVorgna
(DBN)

El-Erian: Can we get economy out of the mud?
(DBN)

Treasury says it told Congress about debt-ceiling planning
(DBN)

Four big reasons to worry about our financial futures
(DBN)

Myth of the Welfare Queen and Her Cadillac
(DBN)

US Debt Clock
(DBN

Economic Indicators Dashboard
(DBN)

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Real Estate:

Landlord Debtor: The Cost of Rejection
(DBN)

Wells Fargo to pay $1.2B for 'reckless' mortgages Wells Fargo Last of Four Banks to Settle FHA Lawsuit Why Wells Fargo Blinked in Its FHA Fight with the Government
(DBN)

Deutsche Bank to Face US Suit Over Mortgages
(DBN)

Morgan Stanley Pays $63 Million to FDIC
(DBN)

Report Shows Steady Subprime Mortgage Growth
(DBN)

Misconduct by HAMP Servicers Examined
(DBN)

Bighorn Capital faces foreclosure, bankruptcy battle over Garvey Court property in Chicago Loop
(DBN)

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Municipalities:

Puerto Rico's Argentina-Like Debt Gambit Comes With a Big Catch
(DBN)

House Republicans Lean Toward Federal Oversight for Puerto Rico
(DBN)

Puerto Rico Continues Quest to Eradicate Debt
(DBN)

Puerto Rico Cries Wolf (Again)
(DBN)

Congressional Hearing Examines Puerto Rico Debt Crisis
(DBN)

Puerto Rico's Debt Crisis Empties Houses, Impoverishes Citizens
(DBN)

Former Obama Treasury Official Pocketing Millions From Puerto Rico's Bankruptcy
(DBN)

Christie Calls for 'Tough Love' for Puerto Rico in Fiscal Crisis
(DBN)

Bankrupt San Bernardino, California, reaches deal on pension obligation debt
(DBN)

Flint water crisis: Anger over absent officials at congressional hearing Evaluating the Role of Emergency Managers Beyond Flint's Water Crisis Michigan Officials Ignored EPA Warnings on Flint Water Toxicity
(DBN)

Detroit: Struggling to Pay Water Bills
(DBN)

Yields in downsized Chicago school bond issue hit 8.50 pct Chicago schools defend pledged revenue ahead of bond sale Chicago schools slash high-yielding 'junk' bond deal Investors Demand Premium for Chicago School Debt
(DBN)

Metro hires top municipal bankruptcy lawyer to advise the agency on fixing its troubled finances Metro hires top bankruptcy lawyer for financial guidance
(DBN)

Bankruptcy considered as controversial option for financially stressed public sectors
(DBN)

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Oil/Gas:

Thurs.: Oil wavers, as analysts warn against rally bets Oil jumps on dollar weakness, OPEC rumors
(DBN)

U.S. crude inventories break decades-old record after huge build
(DBN)

Why oil shouldn’t be rallying
(DBN)

Barometer of shale oil industry's health warns agony to get worse
(DBN)

Eagle Ford, Bakken shale production on the decline
(DBN)

Texas Isn't Scared of $30 Oil
(DBN)

Shell annual profit falls 80%, but shares rise
(DBN)

How Russia’s ‘intervention’ triggered an oil rebound Venezuela says Iran and Russia support emergency meeting on oil prices: Shana Six OPEC states ready for emergency meeting with non-OPEC members
(DBN)

Saudi Arabia bankrupt if oil prices stay low
(DBN)

One sign that oil is losing its hold over markets
(DBN)

Why oil prices shouldn’t really be rallying
(DBN)

Apollo Global profit hurt by energy bets
(DBN)

Oilfield services provider Weatherford to cut 6,000 jobs
(DBN)

Oil giant Shell to cut 10,000 jobs as oil prices plummet
(DBN)

MEG Energy's Quarterly Loss Widens
(DBN)

Oil: Buy When There's Blood In The Streets
(DBN)

Marathon Petroleum profits dip more than 75 percent
(DBN)

NOV records $1.5 billion net loss for the fourth quarter
(DBN)

Equipment Companies Hit Hardest in Energy Sector
(DBN)

The unsustainable price of oil
(DBN)

Stressed Out: S&P Goes on Downgrade Binge, Southwestern Energy Now 'Junk'
(DBN)

Oil companies ' 5-year CDS rise after S&P rating actions
(DBN)

Big Oil's Dividend Divide
(DBN)

Oil’s recent rally has lost steam—and that’s not the only bad news today for US oil companies
(DBN)

Utility is criminally charged in methane gas leak that displaced thousands from homes
(DBN)

Oil Companies Market Caps Crushed By Oil Crash
(DBN)

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Fraud:

Shkreli made billion-dollar boast before Daraprim deal
(DBN)

Ex-drug exec Shkreli has $40 million trading loss - U.S.
(DBN)

Shkreli attorney: I told him to stop talking
(DBN)

Lawyer for Ex-Pharma CEO May Try to Block Kaye Scholer Emails
(DBN)

With Bail in Doubt, Shkreli's Interviews Come to an End
(DBN)

Madoff: a creatively bankrupt television recounting of Wall Street’s biggest fraud The Bernie Madoff miniseries is a mess, but Richard Dreyfuss is stellar in it
(DBN)

Berjac victims could receive partial payment of money owed
(DBN)

Going Once: Remains of Rothstein's Haul Ready for Auction
(DBN)

Bernie Madoff = Rockstar In Prison
(DBN)

After Molinaroli pitch, Johnson Controls exec buys into Ponzi
(DBN)

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Autos:

Are warning lights flashing for auto profits?
(DBN)

General Motors dealers discuss bounce back from bankruptcy
(DBN)

Wall Street Finally Turns on Tesla
(DBN)

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Metals:

Horsehead hearing set Thursday in Delaware bankruptcy court
(DBN)

____________

Music Festivals:

SFX Entertainment Gains Access to Bankruptcy Financing
(DBN)

What Went Wrong For Dance Music Giant SFX?
(DBN)

10 People Getting Royally Screwed By The SFXE Bankruptcy
(DBN)

Tomorrowland operators “considering options” following SFX bankruptcy
(DBN)

Electronic dance promoter SFX Entertainment's CEO to resign
(DBN)

____________

Shipping:

Daiichi Gets More Time for Rehabilitation Plan
(DBN)

Bulk shipper to seek joint investment from creditors
(DBN)

Western Bulk changes name, holds off payments to creditors
(DBN)

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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 (31 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (11 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:

Bankruptcy & Creditors' Rights Bulletin
(DBN)

March Madness Is Coming!
(DBN)

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Insurance:

Soneet Kapila, trustee for defunct Universal Health Care Group, sues Republican Party of Florida
(DBN)

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Lien Priority:

A Perfected Lien Is Trumped: Must It Be 'Use It or Lose It'?
(DBN)

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TBTF:

Risk cut in 'too big to fail': Fed's Rosengren
(DBN)

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Food/Beverage:

Analysts: Chipotle faces long road to recovery
(DBN)

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Gambling:

Caesars Entertainment unit proposes bankruptcy mediator
(DBN)

Caesars bankrupt division reports $100.3 million net loss in December
(DBN)

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Hollywood:

Relativity Media Cheers Bankruptcy Judge 's Nod on Exit Plan Relativity Judge Says He'll Let Studio Out Of Bankruptcy After Key Terms “Locked Down”
(DBN)

Relativity Media Bankruptcy Issue Leaves Netflix, Inc. In A Conundrum
(DBN)

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Distressed Investing:

Barclays cuts senior US distressed debt trading role -source Trading Head Said to Exit
(DBN)

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Defaults:

US Companies at Risk of Default Near Crisis Peak, Says Moody's
(DBN)

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Coal:

Peabody Energy - The Turnaround Of A Lifetime Or Imminent Bankruptcy?
(DBN)

Eskom CEO Says Glencore Held `Gun to Our Head' Over Coal
(DBN)

US electricity industry's use of coal fell to historic low in 2015 as plants closed
(DBN)

Calstrs board votes to divest from four coal companies
(DBN)

Feds give Wyoming more time on coal mine bonding inquiries
(DBN)

Lawmakers seek $1 billion for struggling coal states
(DBN)

____________

Banking:

Bank Selloffs Replacing Oil Rout as Stock Market Pressure Point
(DBN)

Warren's Wrong: Bank Rules Need Cost-Benefit Test
(DBN)

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Sovereigns:

Caputo holds debt meeting with 'vultures'
(DBN)

Argentina debt talks continue to make progress
(DBN)

Argentina's Defaulted Debt Outlook Improved, S&P Says
(DBN)

Argentina Holdout Debt Pact: Kirchner Isolation was “Unnecessary”
(DBN)

Timeline: Argentina, Vulture Funds, and a Never-Ending Debt Saga
(DBN)

Argentina's NY-law bonds rally on settlement hopes
(DBN)

Argentine Opposition Fractures as Talks Resume With Holdouts
(DBN)

Argentina’s Next Step
(DBN)

Reform of the IMF lending framework: The IMF bails out from bailouts
(DBN)

____________

UK:

Lloyds Banking Group to cut 1755 jobs and close 29 branches
(DBN)

New Liquor License Guide for Insolvency Practitioners
(DBN)

Bankruptcy for claims firm targeting tax avoidance investments
(DBN)

The Winners of the ‘Brexit’ Debate Are... Lawyers
(DBN)

____________

EU:

Euro banks near 'terrifying' crisis: Raoul Pal
(DBN)

Eurozone growth forecast cut to 1.7%
(DBN)

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PIIGS:

Spain's Abengoa submits plan to avoid bankruptcy: source
(DBN)

Prosecutors to look into pre-rescue withdrawals at Banca Etruria
(DBN)

Greece's Creditors Remain Strict in Bailout Program Negotiations Greece Fears More Austerity Pain Ahead to Unlock Bailout Loans Life in Greece comes almost to halt Greek pension reform sparks strike as heat turned up on Tsipras
(DBN)

The Grexit that Could Actually Happen
(DBN)

____________

Canada:

U.S. Steel begins sale, solicitation process under creditor protection
(DBN)

Junior oilsands producer Laricina Energy exits creditor protection
(DBN)

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China:

China expects growth to stay at 6.5%-7%
(DBN)

Debt levels cast cloud over march of China Inc
(DBN)

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Netherlands:

Pensions & Insolvency in the Netherlands
(DBN)

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Turkey:

Putin's Economic War Pushes Turkey's Aynes Near Bankruptcy
(DBN)

____________

Australia:

US Chapter 11 Bankruptcy And Australian Voluntary Administration Compared.
(DBN)

Why Dick Smith was doomed
(DBN)

____________

Brazil:

Brookfield Says It's Mulling Loan to Invepar Rather Than OAS
(DBN)

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Russia:

Bleak times force Russian pilots to look abroad for work
(DBN)

____________

Japan:

Sharp Reports Fifth Straight Loss as Bailout Talks Continue
(DBN)

Sharp to Give Preference to Foxconn’s Rescue Plan, NHK Says
(DBN)

Toshiba sees bigger loss as restructuring costs mount
(DBN)

____________

Mexico:

Mexico's ICA will miss third interest payment of $22.25 mln-sources
(DBN)

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Bahamas:

A $3.5 billion resort project in the Bahamas becomes a financial fiasco
(DBN)

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India:

Hope to pass bankruptcy bill in budget session: Jaitley
(DBN)

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Venezuela:

Oil Rich Venezuela Now Importing US Oil
(DBN)

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