January 26, 2016

The Daily Bankruptcy News

View prior editions: Click Here
View prior case summaries: Click Here
Search prior headlines: Click Here
Search prior case summaries: Click Here

Format For Mobile Device




Law:

Associate Bonus Watch: Latham & Watkins
(DBN)

BigLaw firm billed for ‘outlandish’ Ritz-Carlton stays, first-class airfare, suit alleges
(DBN)

At Latham, Associates Refinance Student Loans at Reduced Rates
(DBN)

King & Wood Mallesons in Talks to Raise Capital in Europe, Review Finances
(DBN)

What Could Seal Deal Between Blank Rome and Dickstein?
(DBN)

Which Texas Cities Made the List of Best, Worst Places to Live as a Young Lawyer?
(DBN)

Biglaw Partner Wants You To Know You’re Ruining His Life With Your Thank-You Emails Sidley Austin Joins Rest Of BigLaw In Banning "Thank You" Email (death of polite)
(DBN)

Worth Avenue bankruptcy attorney ordered to jail appeals contempt ruling
(DBN)

10% Of Law School Enrollment Is In Non-J.D. Programs
(DBN)

Akerman Inks Deal to More than Double Chicago Footprint
(DBN)

Partners’ office hours up 10 per cent to 56 a week
(DBN)

3 Pieces Of Advice I Never Want To Give Again
(DBN)

Legal Technology Is Growing And So Is The Power Of The In-House Counsel
(DBN)

Meet the Former NBA Player Who Graduated from Harvard Law School
(DBN)

‘Making A Murderer’ Prosecutor Begged Steven Avery To Confess So He Could Write A Book About It
(DBN)

Law Student Captures Exact Moment Of Heartbreak
(DBN)

4 email apps that are better than the one that comes with your iPhone
(DBN)

The 21 best free apps for your iPhone
(DBN)

The smaller iPhone will be as powerful as the iPhone 6S
(DBN)

5 ways to change your body language to make people like you
(DBN)

Disbarred lawyer gets 30 days after pleading no contest to theft of blind client’s $400K inheritance
(DBN)

Lawyer Says He’s Sorry For Rude Remarks About A Fatal Traffic Accident
(DBN)

Will Sheen’s ‘S-- Contract’ Stand Up In Court?
(DBN)

NYPD officer charged with manslaughter after accidentally shooting unarmed black man and waiting to phone in the incident
(DBN)

Officers Filing Bankruptcy to Avoid Liability
(DBN)

The anti-abortion activists behind the Planned Parenthood sting videos just got indicted
(DBN)

Texas eighth-grader suspended after leaving classroom with student who was having asthma attack
(DBN)

Suit Claims Firm's Clients Exchanged S-- for Representation
(DBN)

New Jersey Man Pays Homeless Man To Pour Boiling Hot Coffee Over His Head . . . Police Decline To Press Charges
(DBN)

______________

Judges:

Which justice favors the word ‘utterly’? Computer program analyzes SCOTUS writing styles
(DBN)

Judge censured for telling offenders who couldn’t afford fines to give blood or face jail
(DBN)

A US senator is live-tweeting her jury duty, and it's hilarious
(DBN)

Judge under investigation for racial slur retires
(DBN)

Judge Admonished Over Treatment of Women
(DBN)

______________

Wall Street:

Stock futures point lower
(DBN)

The fear is back
(DBN)

China fears grip traders as FTSE 100 falters and oil slumps below $30
(DBN)

Stocks end sharply lower as oil skids anew
(DBN)

Vanguard CEO: No 2008, but expect less from stocks for decade
(DBN)

What oil prices really say about stock market’s future
(DBN)

Markets still don’t believe the Fed’s rosy scenarios
(DBN)

Paulson Pledges Personal Holdings to Back Firm After Assets Fall
(DBN)

______________

Layoffs:

Sprint slashes 2,500 jobs to cut costs
(DBN)

The massive layoffs in manufacturing are all about Texas
(DBN)

US banks cutting jobs, trimming branches
(DBN)

20 sneaky ways bosses say ‘you’re fired’
(DBN)

Alpha laying off nearly 900 at West Virginia mines
(DBN)

National and State by State Unemployment Rates
(DBN)

Animated Map of Unemployment
(DBN)

______________

Politics:

Which Big Law Firms Are Supporting Ted Cruz?
(DBN)

How often does the Iowa caucus winner become a party's nominee?
(DBN)

Trump Channels a Silent Rage Trump takes credit for Bernie Sanders’ rise Behind Donald Trump’s Attack Strategy Billionaire battle: Bloomberg's worth versus Trump Obama: I hope the GOP picks someone more 'constructive' than Donald Trump 'I love the competition': Donald Trump encourages Michael Bloomberg to run for president Fox News: Why is Donald Trump showing so 'much fear' of Megyn Kelly? Donald Trump on Michael Bloomberg's reported net worth: 'I don't believe that' FactCheck: Trump Bought Pella Windows?
(DBN)

The GOP establishment is really feeling the Bern In his interview with Politico, Obama took a not-so-subtle dig at Bernie Sanders Bernie Sanders might be less of a 'socialist' than you think
(DBN)

Ted Cruz stock falls in prediction markets Trump: Ted Cruz should 'get out' of 2016 race if he doesn't settle Canada issue
(DBN)

Hillary Clinton Has ‘Privilege and Burden’ of Front-Runner, Obama Says Young voter confronts Hillary Clinton: People my age say you're 'dishonest'
(DBN)

Michael Bloomberg's presidential aspirations Bloomberg not stronger vs. Sanders than Clinton Beware, Bloomberg: A short history of failed independent presidential bids Michael Bloomberg to the rescue?
(DBN)

O'Malley Fact Check: "Fifty years ago, the average GM employee could pay for a year of a son or daughter’s college tuition on just two weeks wages."
(DBN)

FactCheck: GOP Claim Military is Gutted
(DBN)

Here's who was leading the polls in January in the past three election years — none of them made it to November
(DBN)

____________

Corporate Governance:

A ‘Nail in the Coffin’ for Flimsy M&A Suits
(DBN)

____________

Retailing:

American Apparel's Chapter 11 Plan Approved Judge picks American Apparel's reorganization plan, dashing Dov Charney's hopes American Apparel's Reorganization Plan Favored by Judge Ex-CEO of American Apparel says won't appeal judge's ruling
(DBN)

Charney starting over as judge dismisses bid to regain control of American Apparel
(DBN)

Sports Authority said struggling to avoid bankruptcy filing Sports Authority reportedly struggling, misses bond interest payment
(DBN)

How Bad Is Retail? Look at the Bonds
(DBN)

Amazon Prime is growing like crazy: 54 million members, up 35% from last year, says estimate
(DBN)

____________

Coal:

What do you give executives who bankrupted a coal company and screwed over its retirees? Bonuses!
(DBN)

Judge approves Alpha Natural Resources bonuses; retiree benefits hearing continued
(DBN)

Peabody details debt talks following Arch Coal bankruptcy
(DBN)

California official urges insurers to divest from coal
(DBN)

Alpha issues layoff notices to 886 at West Virginia mines
(DBN)

Market erases value of Otter Creek coal project
(DBN)

Walter Energy asset auction postponed again
(DBN)

____________


Economy:

NYU's Altman Says U.S. Defaults to Climb, Recession More Likely
(DBN)

No, we’re not in a recession: Corporate America
(DBN)

Dallas Fed Plumbs New Cycle Lows
(DBN)

The US is now in a planes, trains and trucks 'recession'
(DBN)

Larry Summers: Don't expect four Fed hikes in 2016
(DBN)

Goldman Sachs: Recession fear overblown, market to gain 11%
(DBN)

Caterpillar falls as Goldman downgrades to sell
(DBN)

U.S. IPO Market on Track for Slowest Month Since Recession
(DBN)

Does the stock market know something about a recession that we don’t?
(DBN)

68% of Americans destroy their credit before age 30
(DBN)

Why the Fed Is the Root of Much Market Turmoil
(DBN)

Economic activity collapses in Texas Texas manufacturing declines fastest in 11 years, Fed says
(DBN)

Test Your Data IQ: Who’s Been Left Behind by the Recovery
(DBN)

Half a million people will lose their food stamps in 2016
(DBN)

The Role of Third-Party Debt Collection in the U.S. Economy
(DBN)

Mississippi Still the Worst State in America
(DBN)

US Debt Clock
(DBN

Economic Indicators Dashboard
(DBN)

______________

Real Estate:

D.R. Horton misses earnings expectations
(DBN)

Former NBA player Tate George gets 9 years for running real estate Ponzi scheme
(DBN)

____________

Municipalities:

Puerto Rico gov. warns of fallout from debt-ridden electric utility
(DBN)

Prepa Deal Dissolves, But Is It Really Dead?
(DBN)

Temporary Deal Shields Puerto Rican Utility from Litigation
(DBN)

Obama's Misguided Solution to the Keynesian Crisis in Puerto Rico
(DBN)

Wall Street painting a dire future for Atlantic City
(DBN)

Atlantic City moving closer to bankruptcy , Moody's says
(DBN)

Atlantic City leaders brace for bankruptcy meeting
(DBN)

Chris Christie faces heat from Moody's for vetoing Atlantic City aid bills
(DBN)

Facing bankruptcy Detroit Public Schools' executives are still among the highest paid in the country
(DBN)

San Bernardino bankruptcy : Trash outsourcing finalized
(DBN)

San Bernardino bankruptcy clears major hurdle
(DBN)

Detroit Bankruptcy: Yes, They Voted for the Deal But They Still Got Stiffed
(DBN)

There's now an Oregon-esq self-styled 'militia' protesting in Flint, Michigan, about the government's role in the water crisis Ex-prosecutor to spearhead investigation into Flint water Water Bills in Poisoned Flint an 'Outrage,' Attorney General Says Two Attorneys Tapped to Probe Flint Water Scandal Report: Prior Flint Emergency Manager Rejected Using Poisoned Water Source "On a Long-Term Basis" A barrier to clean water in Flint: a government-issued ID Plaintiffs' lawyers wary of taking on Flint water scandal
(DBN)

Muni Bankruptcy: Lawmakers Can Run But They Can’t Hide
(DBN)

____________

Oil/Gas:

Tues.: Oil extends slide below $30 on oversupply, weak China data
(DBN)

Crude oil prices fall 5% on swelling oversupply Storm can't keep oil from going back to $20s: Analyst Oil hit again after Iraq supply adds to glut
(DBN)

Distress in the Shale Oil Patch Spurs New Type of Joint Venture
(DBN)

Key to Surviving the Oil Bust: Beware Bankers Bearing Cheap Debt
(DBN)

Cheap prices fail to kill U.S. oil boom
(DBN)

Is Oil's Drag on U.S. Growth Finally Over?
(DBN)

Why you should gush as oil prices get drilled
(DBN)

One major oil CEO thinks the industry is going to have 'a tough slog through the mud' in 2016
(DBN)

Oil is wreaking havoc - and big name investors are getting ready to pounce
(DBN)

Cost management a top priority for oil and gas companies
(DBN)

2 sentences perfectly explain how fracking overpowered the oil market and sent prices crashing
(DBN)

Turnaround in oil depends on one big factor
(DBN)

Oil services company Halliburton posts deep loss
(DBN)

Williams Partners cuts planned capex by $1.2B
(DBN)

SandRidge retains advisers to explore strategic options
(DBN)

Total to make most spending cuts among oil majors
(DBN)

Majority Of Petrobras Oil Fields In Brazil Won't Turn A Profit
(DBN)

Russia, China and Saudi Arabia are in trouble
(DBN)

China Slowdown Stokes Fears on Peak Oil Demand
(DBN)

Will Credit-Rating Downgrades Kill Oil Stocks?
(DBN)

Industry report: Majority of energy sector thinks it is repeating mistakes
(DBN)

The Death Rattle Coming From The Oil Patch
(DBN)

Russian Oil : Output Grows as Prospects Shrink
(DBN)

Oil Crash Only The Tip Of The Iceberg
(DBN)

Wall St got China's oil industry wrong
(DBN)

If China slows, where will oil demand come from?
(DBN)

Oil storage at capacity: Goldman's Currie
(DBN)

Has the Time Arrived to Consider Taking Security Against Potential Defaulters?
(DBN)

Warren Buffett may be trying to prop up oil prices
(DBN)

How low oil prices went from blessing to curse
(DBN)

____________

Weather:

Blizzard delays continue with more snow on the way
(DBN)

Blizzard will cost up to $3 Billion
(DBN)

Massive snowstorms don't disprove global warming — in fact, quite the opposite
(DBN)

Why shoveling snow is an especially dangerous task
(DBN)

____________

Hollywood:

Relativity Says It Has Financing It Needs To Exit From Bankruptcy
(DBN)

____________

Aviation:

American Airlines Pilot Union Leader Blasts 'Culture Gone Awry' After US Airways Merger
(DBN)

A bizarre trend for life-size dolls is forcing airlines to adopt new rules
(DBN)

____________

Lehman:

J.P. Morgan to settle most of Lehman suit for $1.42 bln
(DBN)

____________

Horse Racing:

Demolition begins at failed Wayne Co. horse track
(DBN)

____________

Hotels:

Utica obligated to pay $5M Hotel Utica loan
(DBN)

____________

Steel:

Steel Dynamics Loss Widens
(DBN)

____________

 


New Bankruptcy Opinions
(3 new opinions today - DBN)

Bankruptcy Court Web/Pacer Site Directory

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

Recent Ch. 11 Filings (41 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (15 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)

January 26 Webinar: Post-Confirmation Liquidation and Litigation Trusts in Business Bankruptcies: Practical Guide
(DBN)

______________

Proofs Of Claim:

MD Fla Holds Bankruptcy Code Precludes FDCPA Claim for Filing POC on Time-Barred Debt
(DBN)

____________

Injunctions:

Another Tool in the Toolbox of Bankruptcy Trustees and Debtors in Possession: The Pre-Judgment Asset-Freeze Injunction
(DBN)

____________

 

Recent Pleadings:

BK SD NY Confirms Advance Watch Plan
(DBN)

______________

Autos:

Lawyers Leading Fatal-Defect Case Against GM Must Go, Rival Says
(DBN)

Hyundai Motors Profits Fall Again
(DBN)

____________

Healthcare:

Supreme Court ERISA Decision Protects Hospitals From "Overpayment Bankruptcies"
(DBN)

Georgia hospital on brink of insolvency after car dealership takes over operations
(DBN)

10 recent hospital bankruptcies, closures
(DBN)

Forest Park Medical Center Southlake files for bankruptcy
(DBN)

____________

Tech:

Apple is set to report the slowest ever iPhone sales growth
(DBN)

____________

Paper:

Verso halts payments to wood suppliers
(DBN)

Verso Corp. files for bankruptcy
(DBN)

____________

Celebs:

Dov Charney Just Lost His Best Chance to Take Back American Apparel
(DBN)

____________

Student Debt:

Let Borrowers Lower Student Loan Interest
(DBN)

____________

Distressed Investing:

Investors leaving junk bonds behind
(DBN)

Baupost: We've started buying distressed debt
(DBN)

____________

Taxis:

San Francisco’s largest taxi firm files for bankruptcy protection, owes over $20M
(DBN)

Accident Claims, Competition From Uber Push San Francisco’s Biggest Cab Company Into Bankruptcy
(DBN)

Uber is experimenting with using a children's toy to pacify drunk passengers
(DBN)

First Day Dec
(DBN)

____________

Sovereigns:

Fears of Venezuela debt default rise as bond prices plunge
(DBN)

Vulture Funds Toughen Stance against Argentina
(DBN)

____________

UK:

Guardian Plans to Trim Budget by 20% in Next Three Years
(DBN)

London students refuse to pay rent and demand 40% cut
(DBN)

Mark Group administrators come under fire
(DBN)

____________

PIIGS:

Abengoa jumps 59% on hopes for 'viability' plan Abengoa Seeks Sale of Biofuel Assets in New Viability Plan
(DBN)

Portugal's new president demands financial discipline
(DBN)

Greece: IMF to raise the issue of labor relations during the first review Ministry tweaks pension reform amid protests Greek Doctors Threaten to Join Strikes Greece's Tsipras One Year Later, Still in Charge, Still Drama Greece Is Still In A Hot Spot Greece could face even more unrest
(DBN)

Greece blasts EU 'lies' over Schengen zone expulsion
(DBN)

EU slows down on Greece aid as rule compliance trumps urgency
(DBN)

____________

Canada:

WestJet to suspend some Calgary, Edmonton flights amid oil slump
(DBN)

TSX drops as oil fall drags energy stocks down
(DBN)

We All Suffer When A Newspaper Closes
(DBN)

Rogers Media will cut 200 jobs across TV, radio, and publishing
(DBN)

Essar pensioners worried about court ruling Essar insolvency : mayor says nothing else really matters
(DBN)

____________

China:

China shares end at 14-month lows after late selling frenzy
(DBN)

China crude imports up 8.8%
(DBN)

Goldman Wealth: China stocks still expensive
(DBN)

China Steel Plan Seen Spurring 400,000 Job Cuts, Instability
(DBN)

____________

Japan:

Japan’s slumping trade numbers show the long reach of China’s slowdown
(DBN)

____________

MENA:

Saudi Arabia presents plan to move beyond oil
(DBN)

____________

Russia:

Here's the most worrying sign from the latest report on Russia's recession
(DBN)

US Treasury official: Putin is corrupt and the US has known for 'many, many years'
(DBN)

____________

Bosnia:

Bankrupt Bosnia Looks to IMF for Salvation
(DBN)

____________

Australia:

Dick Smith receivers eye Asian buyers
(DBN)

____________

Norway:

Vulture Funds Swoop as Norway's Junk Bonds Hit Distressed Levels
(DBN)

____________

Ukraine:

Ukraine plans to get some $10 bln from key intl creditors in 2016
(DBN)

____________


The Daily Bankruptcy News is primarily a curated news link gathering service.   Most of the headlines contained in the publication are a collection of links to stories posted on the Internet by various third party publications.  Such content is owned by third party sources, not The Daily Bankruptcy News, and in some cases, these links change or expire, which means you may not be able to view some news stories in prior editions of the Daily Bankruptcy News. The DBN subscription fee is not a fee for access to the content of the links, but is a charge for the considerable work involved in gathering, organizing and presenting the links. Use of this site and The Daily Bankruptcy News is subject to our Terms of Use. If you received The Daily Bankruptcy News via email (and you have a paid subscription account), to view a news story, click on the headline, and the story should open in your web browser. To view additional stories, click back to the email and click on additional headlines, which will cause new stories to open in your web browser.  You can view the Daily Bankruptcy News on the web by clicking here.

Advertising
Advertising is available in The Daily Bankruptcy News. Click here for details  Feel free to contact us with any questions.

Passwords/Subscriptions
Access to certain links in The Daily Bankruptcy News is available only to readers holding a paid service subscription. These links are currently marked with a "DBN" notation. The cost of a subscription is $63/year, payable annually.  Volume discounts are available for sites with multiple users. Click here to see a schedule of discounts. Complimentary subscriptions are available for full-time educational and governmental employees and for full time students. For information about discounts or educational/governmental subscriptions, contact us by clicking here. A separate password is required for each member of a firm wishing access to restricted links.

New readers can receive a free password good for 30 days by clicking here. 30-day passwords are not available to readers who have previously had a password, even if the password was associated with a different email address used by the reader. Refunds are not available after purchase.

Readers who wish to change their passwords should click here. Readers who have forgotten their password should click here.

Adding Your Email Address To The Distribution List
If you would like to start receiving The Daily Bankruptcy News by email each day, click here, and fill in the information requested. There is no charge to be placed on the distribution list to receive the headlines, although access to many of the links behind the headlines requires a paid subscription (see above, under Passwords). If, after adding your email address to the distribution list, you do not receive an email confirming the addition, please contact us by clicking here for help.

Removing Your Email Address From The Distribution List
If you already receive The Daily Bankruptcy News by email and you wish to remove your email address from the distribution list, click here and send the email that should appear. You do not need to type anything in the body of the email message. Note that the email asking for removal must be sent from the same email address which is on our distribution list. If you do not receive an email confirming deletion of your email address from the distribution list, contact us by clicking here for help.

If receive the publication forwarded from an older email address, you will need to contact us as described below for help removing that older address from our distribution list.

Press Releases/News Tips
Please send press releases and news tips to admin@bkinformation.com

Contact Us
The Daily Bankruptcy News is published each business day by BKINFORMATION.COM, L.L.C. You can phone or text us at 281-402-3957. You can email us at accounting@bkinformation.com (email inquiries are usually answered substantially more quickly than phone inquiries). Our mailing address is 935 Eldridge Road, No. 350, Sugar Land, Texas 77478.

Copyright 2016