January 20, 2016

The Daily Bankruptcy News

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Law:

Nationwide Layoff Watch: Beware, More Layoffs Are Coming!
(DBN)

Associate Bonus Watch: Better Than Before (By A Bit)
(DBN)

Rudy Giuliani Joins Greenberg Traurig Bracewell name partner Giuliani exits for Greenberg Traurig The Decision: Rudy Giuliani Speaks on His Big Move to Greenberg Traurig
(DBN)

Orrick, Herrington & Sutcliffe Opens Houston Office Orrick Opens Houston Office with Team of 20 Partners 20 lateral partners from a half-dozen firms 20 Unnamed Partners
(DBN)

Fried Frank Extends Bankruptcy and Restructuring Practice to Europe with Addition of Ashley Katz in London Fried Frank launches restructuring group with hire of Mayer Brown’s Katz
(DBN)

Litigation Law Firm Hires Five Dickstein Shapiro Lawyers
(DBN)

Does Big Law Have an Old Girl Network?
(DBN)

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

Beyond Biglaw: Categorizing Clients
(DBN)

Biglaw Firm Going Viral For Its Political Leanings
(DBN)

Eleven Lawyers Depart Arent Fox to Start Litigation Boutique
(DBN)

Workplace bias would be an ethics violation under proposed ABA model rule
(DBN)

Why Ranking Law Schools Nationally Is Nonsensical
(DBN)

Law Schools More Transparent Than Ever
(DBN)

Which Law Schools Should Have Closed Their Doors?
(DBN)

The 25 Most Influential People In Legal Education
(DBN)

Data On 1L Enrollment Changes, 2011 To 2014
(DBN)

Supreme Court to review Obama’s executive action on immigration
(DBN)

Lawyer relinquishes his law license to make a point
(DBN)

This is the first item every guy should buy when building out his wardrobe
(DBN)

12 apps everyone should be using at work in 2016
(DBN)

The ‘affluenza’ teen’s lawyers are now saying he may have been abducted by his mother and forced to flee to Mexico
(DBN)

'Making a Murderer': 7 theories about what really happened to Teresa Halbach 'Making a Murderer' fans found a new piece of evidence that could change the whole case
(DBN)

A New York college is in shock after the son of a prominent family apparently killed 2 students and himself
(DBN)

Selfie taking lawyer is the best thing on Instagram right now
(DBN)

Lawyers Make For Great Disguises
(DBN)

Lawyer held in contempt for email now faces ethics charges
(DBN)

Former federal prosecutor settles with Justice Department for an estimated $1.8M
(DBN)

4 Perfect 2016 Valentine Gifts For The Lawyer You Love
(DBN)

Lawyer Can't Promise to Screw Banks Over, Indiana Says
(DBN)

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Judges:

Judge Neiter Announces His Retirement
(DBN)

Reprimand of federal judge for conduct toward court worker ‘far too lenient,’ lawyer says in appeal
(DBN)

Survey says ‘alarmingly ignorant’ college grads think TV’s Judge Judy is on SCOTUS
(DBN)

9th Circuit blasts judge who ruled for rancher, boots him from grazing-rights case
(DBN)

Famous US judge admits there's a punishment that's just as bad as the death penalty — if not worse
(DBN)

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Wall Street:

‘Very ugly’ day shaping up as Dow futures fall more than 300 points Wall Street braced for more selling as oil slumps
(DBN)

FTSE 100 dives nearly 3% as oil slide deepens
(DBN)

European stocks tumble
(DBN)

Stocks close mixed; S&P 500 holds August low
(DBN)

The Deeper Causes of the Global Stocks Rout
(DBN)

Global Stocks on Brink of Bear Market as Oil Slides; Bonds Jump
(DBN)

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Layoffs:

J&J to Cut 3000 Jobs
(DBN)

Tiffany cuts jobs as sales lose sparkle
(DBN)

Yahoo staffers fear company may slash 20-25% of its workforce
(DBN)

Shell, BG Group job cuts will rise to 10,000 as earnings decline
(DBN)

Morgan Stanley's CEO just uttered the 3 words every employee dreads Morgan Stanley to move Jobs to Cheaper Cities
(DBN)

National and State by State Unemployment Rates
(DBN)

Animated Map of Unemployment
(DBN)

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Healthcare:

J&J to cut 3000 jobs in medical devices division
(DBN)

UnitedHealth Losing Nearly $1B on O.Care
(DBN)

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Financial Advisors:

Embattled RCS Advisors Get Relief From Company Bankruptcy Plan
(DBN)

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Fraud:

Ex-drug CEO Shkreli plans to replace lawyers
(DBN)

Martin Shkreli shoots for YouTube stardom as he awaits criminal trial
(DBN)

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Press:

Bloomberg contests US bankruptcy court order for info from reporters' sources Bloomberg News Is Fighting A Bankruptcy Judge's Order That Could Reveal Its Sources Judge denies stay order for info from Bloomberg reporters' sources
(DBN)

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Healthcare:

Total Sleep Management files for Chapter 11 bankruptcy
(DBN)

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Concerts:

SFX sees stock rise after investment, which ex-investor says is 'just a Band-Aid' to stave off bankruptcy
(DBN)

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Student Debt:

Thousands Apply to U.S. to Forgive Their Student Loans, Saying Schools Defrauded Them
(DBN)


Jeb Bush proposes holding colleges responsible for loans graduates don't pay back
(DBN)

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Distressed Investing:

High Yield Bond Issuers Remain On Sidelines; Better-Rated Leveraged Loans Eye Market
(DBN)

Morgan Stanley's Debt Alert
(DBN)

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Marijuana:

Low patient numbers stir bankruptcy fears for Illinois marijuana dispensaries
(DBN)

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Taxis:

GM buys defunct ride-hailing company Sidecar
(DBN)

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Steel:

Billionaire Rennert, U.S. pension agency settle RG Steel lawsuit
(DBN)

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Amusement Parks:

Mediation session on Conneaut Lake Park's bankruptcy case is next week
(DBN)

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Corporate Reform:

Tough Talk And Fuzzy Math: The SEC Enforcement Division Isn’t Even Trying
(DBN)

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Economy:

This ugly streak has never occurred outside a recession
(DBN)

Citi: Everything you learned about how the world works is probably wrong
(DBN)

Confidence among CEOs sags as China's slowdown spooks Davos PwC: CEOs are seriously worried about geopolitical threats to their businesses — and just about everything else Just 27% Seeing Acceleration
(DBN)

IMF cuts global growth forecast as China growth slows Warning of 'great challenges' this year IMF Warns Global Economy Close To Recession
(DBN)

ATA Trucking Index increased 1% in December
(DBN)

Krugman: Is Vast Inequality Necessary?
(DBN)

Roubini: It's not 2008 -- yet. But governments need to act fast...
(DBN)

Where Is All the World’s Money Going?
(DBN)

CBO Warns on Congressional Spending
(DBN)

Top strategists say China, oil concerns are being overdone
(DBN)

Tax Realities of a 1099 Workforce
(DBN)

US Debt Clock
(DBN

Economic Indicators Dashboard
(DBN)

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Real Estate:

Homebuilder sentiment stalls in January
(DBN)

Landlords Beware: Potential Post-Holiday Bankruptcy Filings By Retail Tenants
(DBN)

Foreclosure Filings at Lowest Annual Total Since 2006
(DBN)

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Municipalities:

Will Detroit Public Schools be bankrupt by April?
(DBN)

David Skeel explains why Puerto Rico needs access to bankruptcy
(DBN)

Former Hasbro CEO: Providence should consider bankruptcy
(DBN)

Flint residents file class action lawsuits over 'poisoned city' Flint's drinking water crisis: 5 things to know
(DBN)

Gov. Christie again rejects Atlantic City , casino aid package Atlantic City takeover appears more likely Church rally opposes state takeover of Atlantic City N.J. must face reality on Atlantic City Atlantic City speaks out against state takeover Selling out Atlantic City
(DBN)

Atlantic City, N.J., mayor says bankruptcy 'back on the table'
(DBN)

Open letter from Atlantic City Mayor Don Guardian: 'The view from within'
(DBN)

'Sickout' closes almost 60 Detroit public schools
(DBN)

Mich. gov. takes responsibility for Flint water crisis
(DBN)

Rauner's Republicans to propose allowing bankruptcy, state oversight of CPS GOP plan would allow state takeover of CPS—and bankruptcy
(DBN)

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Oil/Gas:

Oilfield Services Bankruptcy Tracker
(DBN)

Oil and Gas Companies Utilize Restructuring Strategies to Navigate Industry in Flux
(DBN)

Tues.: Oil sinks again on glut as US crude hits new lows
(DBN)

Oil Market Tests Banks' Ability to Weather Losses
(DBN)

Why crude oil and stocks keep plunging together
(DBN)

Here's who is gaining from record low oil prices
(DBN)

Some Bankrupt Oil and Gas Drillers Can’t Give Their Assets Away
(DBN)

IEA: Oil crash could get worse as Iran offsets falling U.S. output
(DBN)

Shell Fourth-Quarter Profit Plunges as Oil's Slump Deepens
(DBN)

Raymond James: $30 oil is worse than anyone expected
(DBN)

Iran's Plans Still a Surprise to Global Oil Markets
(DBN)

Which Companies Are Most at Risk Amid Low Oil?
(DBN)

Credit Suisse Waiting for Oil Floor at $25 to Buy Energy Stocks
(DBN)

Is oil below $30 about to bring wipeout for US shale survival artists?
(DBN)

Investors take a second look at indebted drillers
(DBN)

Here’s why you shouldn’t freak out about crude oil’s crash
(DBN)

Oil and gas companies will be "delevering for years"
(DBN)

Iran's Low-Cost Barrels Lure Oil Titans as Crude Slump Deepens
(DBN)

The Koch brothers are buying oil for -$0.50 per barrel
(DBN)

Chesapeake Energy Falls to 15-Year Low as Biggest S&P 500 Loser
(DBN)

Oil slump prompts rise of zombie energy companies
(DBN)

Oil giants start losing safety net as refining margins fall the most in 8 years
(DBN)

IEA Sees Oil Market Struggling to Absorb Excess Supply
(DBN)

Crude Oil In A Pressure Cooker
(DBN)

Noble Corp. cuts offshore drilling jobs
(DBN)

Oil price collapse is a drag on global economy: IMF
(DBN)

CNOOC to cut oil and gas production in 2016 Cnooc to Cut Oil Output First Time Since 1999 Amid Plunge CNOOC Cuts CAPEX in 2016
(DBN)

Noble Drilling stacks another Gulf rig, lays off scores of workers
(DBN)

Total CEO says company will not cut jobs, will need workers “when the price goes up”
(DBN)

Oil giant Petronas to cut $11.4 bln in spending
(DBN)

The only person in Texas who is giddy about collapsing oil prices
(DBN)

Is This The Riskiest Oil Stock In The World?
(DBN)

Meet the Energy Funds That Made Money While Oil Fell
(DBN)

Oil Driller Bondholders Chose Between Bad and Worse in Colombia
(DBN)

Canadian Oil Exports to US Skyrocketing
(DBN)

Oil's Year Ahead: Production Decline, Dividend Cuts
(DBN)

Is the next recession on the way? Here’s everything you need to know about the market’s oil collapse
(DBN)

Forget $28 oil, some Wyoming crude is trading in the single digits
(DBN)

BofA sets aside $500m reserve for energy losses
(DBN)

Oil slide fallout stifles US CLO market
(DBN)

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Advisers:

Lazard Hires Bankruptcy Lawyer Ken Ziman in Restructurings Push
(DBN)

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Retailing:

Tiffany is cutting jobs after ugly holiday sales Tiffany sales are tanking — and the real reason is worse than the company claims Tiffany Says a Lot More Pain to Come From the Strong Dollar
(DBN)

Asics U.S. Retailer Files for Bankruptcy Amid Legal Battle
(DBN)

American Apparel posts $14.5 million in losses for November
(DBN)

American Apparel faces tussle for control at bankruptcy hearing
(DBN)

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Coal:

Feds object to bankrupt coal company's $11.9M in executive bonuses
(DBN)

Foresight creditors give coal company until Friday for new deal
(DBN)

U.S. Coal Production And Prices Decline In 2015
(DBN)

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Fraud:

Insider trading case looks at Deutsche Bank emails: 'This looks like turning into a horror show'
(DBN)

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Autos:

VW Hires Disgraced Ex-FBI Director
(DBN)

EU Commissioner Wants Action from VW Now
(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 (20 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (31 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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Bankruptcy Statistics:

Top banker warns of worldwide bankruptcies
(DBN)

NJ bankruptcies fall in 2015, as economy improves
(DBN)

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Surcharge:

5th Cir. Allows Bankruptcy Trustee to Recover Expenses from Secured Creditor
(DBN)

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Lien Stripping:

Bankruptcy Judge Allows Chapter 7 Debtor to Strip-Off Wholly Unsecured Judicial Lien - Dewsnup Doesn't Apply To Non-Consensual Liens
(DBN)

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Cross-Border:

Denial Of Justice: Rare Investor-State Arbitration Finding on Bankruptcy Decision
(DBN)

How Wide is a Worldwide Stay? Bankruptcy Court Analyzes Scope of Foreign Court’s Stay Order
(DBN)

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TBTF:

Banks post 'living wills' showing how they would avoid U.S. bailout
(DBN)

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Professional Compensation:

Fee Premium Fracas Tabled For Now …
(DBN)

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Discharge:

Discharge Injunction: Secured Claims Can Ride through Bankruptcy Without Regard to a Discharge
(DBN)

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Insurance:

Policyholders on the Hook for Insolvent Insurers’ Allocated Share in New Jersey
(DBN)

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Banking:

BofA Falls After Revenue Growth Seen Elusive, Energy Loans Sour
(DBN)

Bank of America's Profit Gains, as Legal Costs Tumble
(DBN)

Low oil prices first big test to US banking system since 2008 financial crisis
(DBN)

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Shipping:

Primorsk International Enters Bankruptcy Restructure Debt
(DBN)

'Zombie ships': first sign of global economic collapse
(DBN)

Havila Shipping Fails to Get Bondholder Backing for Debt Plan
(DBN)

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Politics:

Trump's 'big' announcement: a Palin endorsement? 'Strong like John Wayne': Donald Trump holds campaign event in front of John Wayne statue Tracy Morgan threatens to 'go back in the coma' after he finds out Donald Trump is leading polls The Deep Affinity Between Sarah Palin and Donald Trump Donald Trump didn't get banned from UK, but he was called a 'wazzock'
(DBN)

Sarah Palin's son arrested in Alaska on suspicion of domestic violence
(DBN)

Ted Cruz is throwing the kitchen sink at Donald Trump What Kind of Man Spends Millions to Elect Ted Cruz? Iowa Governor: Don't Vote for Cruz
(DBN)

'Natural Born Citizen' and Other Constitutional Idiocies
(DBN)

In Europe, Sanders Would Be Center-Right Why top Republicans are working doggedly to help Bernie Sanders
(DBN)

Inspector General: Clinton Emails Contain Special Access Material Above The Top Secret Level Hillary Clinton’s Caymans Tax Dodge Hypocrisy
(DBN)

Jeb Bush unveils higher education plan with focus on federal loan overhaul
(DBN)

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Gambling:

2015 Casino Numbers For Atlantic City A Mixed Bag
(DBN)

Straub plans casino at reopened Revel site
(DBN)

Texas A.G. Says Fantasy Sites Are Gambling Texas Attorney General Delivers Latest Blow To Daily Fantasy Sports
(DBN)

Third Circuit Holds Bankruptcy Rules “Trump” the NLRA in Case Involving the Trump Taj Mahal Casino
(DBN)

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Opera:

Hundreds Will Get City Opera Refund
(DBN)

Reviving City Opera with a nod to the past
(DBN)

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Religion:

Diocese settlement plan expected in February
(DBN)

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Celebs:

Tori Spelling Sued — Husband Dean McDermott Pressuring To File For Bankruptcy After American Express Lawsuit
(DBN)

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UK:

Knightsbridge snaps up insolvency cases of debt management firm
(DBN)

Fee regime is robust, says insolvency body
(DBN)

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EU:

Oil slump rocks European stocks to lowest level in over a year
(DBN)

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PIIGS:

Wind generators look to take over Abengoa Brazil transmission lines
(DBN)

Italian banks' bad loans continue to mount
(DBN)

Greek Prime Minister Alexis Tsipras to Push Creditors for Less Austerity in Davos
(DBN)

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Canada:

Oilpatch stares into the abyss, tries to make sense of its future
(DBN)

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China:

China shares slip as oil slides, outweighing stimulus hopes
(DBN)

Don't Panic When China's Economy Shrinks Again
(DBN)

How China can avoid 2008-like crisis
(DBN)

China Is Getting Less and Less Bang for Its Credit Buck
(DBN)

Pimco Goes on Defensive in China's Bond Market as Economy Slows
(DBN)

Hedge Fund That Called Subprime Crisis Says Yuan Should Fall 50%
(DBN)

China’s problems now spilling into Hong Kong
(DBN)

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Emerging Markets:

Are You Ready for the Emerging Market Credit Bust?
(DBN)

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India:

Shunned by PE investors, TABcab faces closure within a year
(DBN)

Delay in bankruptcy code may hit PM's 'startup' ambitions
(DBN)

The price of a haircut
(DBN)

Government may allow some PSBs to skip dividends amidst increased burden of sticky loans
(DBN)

RBI and finance ministry working on solution to NPAs held by banks
(DBN)

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MENA:

Iran’s ‘outdated’ banks hamper efforts to rejoin global economy
(DBN)

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Ukraine:

Russia Sets Ukraine Gas Bill at $32 Billion After Flows Stop
(DBN)

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