January 28, 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: Above-Market Bonuses For Big Billers In Texas
(DBN)

Phillips Nizer Adds Veteran Bankruptcy Litigator
(DBN)

Corporate Law Departments: Symptom or Cause of Cracks in the Partnership Model?
(DBN)

Rudy Giuliani on Dewey & LeBoeuf, Justice Scalia, and Law School
(DBN)

Fried Frank hires Mayer Brown's restructuring head to launch London workouts practice
(DBN)

Linklaters lockstep under pressure as Latham poaches star
(DBN)

Moody's Downgrades Cal-Western Law School's Bonds
(DBN)

SUNY-Buffalo Law School Reduces Full-Time Faculty By 50%
(DBN)

What A Potential Client’s $400 Consultation Fee Really Pays For
(DBN)

Please stop” with Times New Roman: Graphic design rules for everyone, from an unlikely expert
(DBN)

The Donald Trump Playbook For Marketing - Lawyers Can Learn Plenty
(DBN)

Energy Sector - Law Firms Doing Bankruptcies Will Hold Up, Others Could Totter
(DBN)

Not Requiring A Lot Of Sleep - The Lawyer's Real Edge
(DBN)

Middle-Market and Mergers for Fox Rothschild
(DBN)

A Great Old Man Lawyer Retires
(DBN)

Two Very Different Perspectives On Western Michigan-Cooley Law School
(DBN)

Oregon standoff: Will Bundy's arrest prompt remaining occupiers to leave? Authorities closing in on Oregon’s Malheur occupation Berserk militant promises ‘bloodbath’ as feds move in: ‘This is a free-for-all Armageddon’ Militia groups urge members not to join standoff at Malheur refuge: ‘Cooler heads must prevail’ Sheriff to Oregon protest holdouts: 'There doesn't have to be bloodshed' Ammon Bundy and the Myth of American West FBI tells militants in Oregon: Actions are not without consequences FBI arrests 3 more Oregon protesters as standoff winds down
(DBN)

Apple has another problem: It’s the iPad
(DBN)

This is the biggest trend in men's hair right now
(DBN)

The Story on the Planned Parenthood Videos Legal Experts Weigh in on Planned Parenthood Case
(DBN)

The Chicago police officer who shot a black teenager tampered with his dash cam, but he's not the only one
(DBN)

Texas-bound: 'Affluenza' teen waives extradition
(DBN)

______________

Judges:

Clinton: Obama on Supreme Court? ‘Great idea’ Justice Barack Obama? Not Likely
(DBN)

Judge who refused to perform gay marriages has boundaries problem, should be ousted, commission says
(DBN)

Judge Gets Slap On The Wrist For Disrespecting Women
(DBN)

Federal Judge On Federal Judicial Tempers
(DBN)

Oregon Commission Issues Scathing Report Supporting Removal Of Judge
(DBN)

______________

Wall Street:

Stock futures rise
(DBN)

Stocks head south as Fed doesn't rule out March rate hike
(DBN)

______________

Layoffs:

Norfolk Southern to cut 2000 jobs
(DBN)

Hundreds Of Staples HQ Employees Cut
(DBN)

What will happen when robots take our jobs Jobs in Boston and Washington are best insulated against being displaced by automation
(DBN)

National and State by State Unemployment Rates
(DBN)

Animated Map of Unemployment
(DBN)

______________

 

Debt Collection:

Judge Nixes RICO Lawsuit Against Debt-Buying Giant
(DBN)

____________

Politics:

Donald Trump Goes to War With Fox Trump's vacate-the-debate strategy: Crazy like a fox? Trump Refers to Megyn Kelly as a Bimbo Watch Megyn Kelly address Donald Trump's debate boycott during a remarkable segment of her show Rivals mock Donald Trump for being 'terrified' of Megyn Kelly and Fox News Is Trump's debate-skipping ploy a brilliant move or a devastating blunder? Joe Scarborough: 'Fox News has just walked into the biggest Donald Trump trap' How skipping the Republican debate could backfire for Donald Trump Trump's statement on boycotting the Fox News debate really is something else Donald Trump protesters discover way to truly annoy him at one of his rallies Anxiety Fuels Donald Trump's Supporters Companies Trump Endorsed: Losses, Regrets Trump Changes the Game of Debates Ouch: Anne Frank's Stepsister on Trump
(DBN)

Cruz Challenges Trump To Debate ‘Mano A Mano’ Ted Cruz isn't liked in Congress. What could that mean if he's president? Ted Cruz Is Selling ‘Make Trump Debate Again’ Hats
(DBN)

This 45-second animation shows how the states have voted in every presidential election
(DBN)

Why millennials are embracing socialism
(DBN)

Clinton Fact Check: "I am the only candidate with a specific plan to defeat ISIS."
(DBN)

____________

Tech:

Apple's iPhone growth hits a wall Huge Headache for Apple Apple shares tumble on no-growth worries Wall Street adjusts Apple expectations after Tim Cook 'rips the Band-Aid off' Apple is preparing for a future where individual iPhone sales don’t matter
(DBN)

____________

Telecoms:

Inside the Plan to Pull Sprint Out of Its Death Spiral
(DBN)

____________

Aviation:

Regional Airlines, More Communities Threatened As Partners Shift Flying To Mainline
(DBN)

Boeing shares clobbered by weak outlook
(DBN)

Textron shares hammered by revenue decline
(DBN)

____________

Education:

FTC sues DeVry, claims it counted a grad who was a rural mail carrier as working in 'technical management' DeVry shares tumble 17%
(DBN)

The College Majors That Won't Leave You Drowning in Debt
(DBN)

____________

Bankruptcy Crimes:

Arizona developer sentenced for investment, bankruptcy fraud
(DBN)

____________

Shipping:

Mercator's creditors take five bulkers
(DBN)

Shipbrokers are pessimistic about the future of the shipping markets moving forward
(DBN)

The Shipping News Says the World Economy Is Toast
(DBN)

____________

Fraud:

Premier Cru: Bankruptcy proceedings begin in Berkeley wine scandal
(DBN)

Prosecutors Pierced Shkreli, Attorney’s Legal Privilege
(DBN)

____________

Steel:

Cost of US Steel Default Protection Rises, Co. Bonds Slide in Trading After 4Q Miss
(DBN)

____________

Non-Profits:

Wounded Warrior Project Spends Lavishly ....... On Itself
(DBN)

____________

 

Gambling:

Another state is cracking down on FanDuel and DraftKings
(DBN)

____________


Economy:

US Net Worth Declines by $1.2 Trillion
(DBN)

Is the U.S. overdue for a recession? It's not so simple
(DBN)

The $29 Trillion Corporate Debt Hangover That Could Spark a Recession
(DBN)

Fed. Reserve: US Economy 'Slowed' at End of 2015
(DBN)

Do Americans Believe Hard Work Still Matters?
(DBN)

Fed Leaves Rates Unchanged; Closely Watching World Developments The Fed just put global financial markets on notice No Fed rate increase, but no retreat from March hike either
(DBN)

US: Recession Fears Get Louder
(DBN)

Economist to Fed: Keep on hiking rates, let stocks fall
(DBN)

Ray Dalio: We're coming to the end of a 75-year debt supercycle
(DBN)

Strong Personal Lending Market Expected for 2016
(DBN)

Ackman: Index funds may bring Japan-style malaise
(DBN)

Apple’s Tim Cook sounds incredibly depressed about the global economy
(DBN)

The 50 richest people on earth
(DBN)

Economics Might Be Very Wrong About Growth
(DBN)

Franchisees fight back against $15 minimum wage
(DBN)

Caterpillar: Retail sales still falling sharply
(DBN)

US Debt Clock
(DBN

Economic Indicators Dashboard
(DBN)

______________

Real Estate:

Loan Assignment: Surprise – A Successor Lender May Step into Only One Shoe
(DBN)

New U.S. Home Sales Surged in December to a 10-Month High
(DBN)

Houston's Office Market is Melting Down
(DBN)

Home prices are pretty high. In some cities, they're really, really high.
(DBN)

Chicago: Bankruptcy battle leaves suburban properties in limbo
(DBN)

Downtown Dallas landmark building redo winds up in bankruptcy
(DBN)

Fewer Properties in Dire Financial Condition: RealtyTrac
(DBN)

Arizona developer gets 10 years in jail after spending investor funds on Paris apartment, sports cars, exotic trips
(DBN)

Chicago: U.S. Bank asks judge to dismiss Colony Realty Partners bankruptcy case
(DBN)

Capitol Lakes retirement center files for Chapter 11 bankruptcy protection
(DBN)

____________

Municipalities:

U.S. Senate Democrats united on debt restructuring for Puerto Rico -letter
(DBN)

Gonzalez: It's time to let Puerto Rico declare bankruptcy
(DBN)

Puerto Rico's Bankruptcy, Better Than a Bailout
(DBN)

Puerto Rico Electric Renews Debt Restructuring Agreement PREPA, creditors revive restructuring deal
(DBN)

Atlantic City emergency manager moves to consulting group
(DBN)

Bankruptcy Option Urged for Atlantic City
(DBN)

Despite push from Christie, Atlantic City still in trouble
(DBN)

Chicago Board of Education's $875 mln bond sale postponed Chicago Schools in Fiscal Limbo as Turmoil Delays Bond Sale Delayed Chicago school bond sale tainted by bankruptcy talk
(DBN)

Chicago schools CEO wants predecessor to cough up millions
(DBN)

CA: New rules expose depth of state’s medical funding hole
(DBN)

Many Michigan Cities Have Lead in the Water Flint Water Crisis Shines Light on Lead Pipes Across U.S.
(DBN)

____________

Oil/Gas:

Thurs.: Oil rises towards $34 on chance of production cut
(DBN)

Weds. P.M.: Oil settles at $32.30, up 21% from recent closing low
(DBN)

BlackRock's Fink Says 400 Energy Firms May Not Survive Cheap Oil
(DBN)

Here Are 175 Resource Companies On The Verge Of Financial Upheaval
(DBN)

Oil jumps after Russia dangles prospect of OPEC cooperation
(DBN)

Mitigating Your Risk when Dealing with Counterparties
(DBN)

Why oil glut not going away soon
(DBN)

Investors Hedge Bets on Crude-Oil Revival
(DBN)

The market is freaking out about the wrong oil companies
(DBN)

Evaluating Bankruptcy Risk In The Energy Sector Using Altman's Z2-Score
(DBN)

Texas service industries also feeling sting from oil price crash
(DBN)

Further Price Cuts Are Difficult For Oilfield Service Companies
(DBN)

Seadrill Seen Needing $1 Billion in Equity to Top Debt Wall
(DBN)

Shaky signs seen in US shale oil industry, while future looks rosy for natural gas
(DBN)

Hess ' Loss Deepens on Weakness in Energy Prices Oil Producer Hess' Loss Widens on $1.36B of Impairment Charges
(DBN)

Cliffs Natural revenue tumbles 54% on weak oil
(DBN)

Buccaneer's Impact Regretful But Not All Bad City Still Ahead After Buccaneer Controversy
(DBN)

Spending cuts at Hess, Noble are just the start for oil sector
(DBN)

VAALCO to explore strategic alternatives
(DBN)

BlueStone bid for Quicksilver wins bankruptcy court approval
(DBN)

Interim CEO of Samson Resources to Depart in February
(DBN)

Rockwell Automation lowers guidance on oil price
(DBN)

The amount of crude oil sitting in storage is almost literally off the chart
(DBN)

Iraq says would consider deal on global oil cuts but it is still elusive
(DBN)

OPEC's Devastating Miscalculation That's Crushing The Oil Market
(DBN)

How Long Can Oil Companies Keep Up This 'Do More With Less' Thing?
(DBN)

North Dakota “Great Recession” real estate crisis?
(DBN)

Saudi Arabia Keeps Pumping Oil, Despite Financial and Political Risks
(DBN)

Flummoxed traders drive oil volatility to 2009 crisis levels
(DBN)

Texas pumps more oil in November, and the Eagle Ford Shale counties stay at the top of the list
(DBN)

2015 – Energy Year in Review
(DBN)

OPEC Economies On Their Last Legs
(DBN)

Currencies Under More Pressure From Commodities Rout
(DBN)

____________

Distressed Investing:

Distressed debt hedge fund pay
(DBN)

____________

Television:

Satellite TV Provider DISH Could Face $24B in Fines for Sales Calls
(DBN)

____________

Awards:

The 10th Annual M&A Advisor Turnaround Awards Winners
(DBN)

Patrick Warfield Named To The Nashville Business Journal's "40 Under 40" List
(DBN)

____________

Rail:

Falling coal, commodities hurt Norfolk Southern profit
(DBN)

____________

Celebs:

50 Cent Declares Assets Of $16 Million In Bankruptcy Documents 50 Cent I Still Have Millions ... But Not That Many Anymore
(DBN)

Texas tycoon Wyly urges U.S. judge to reject IRS tax case Judge to Wylys: offshore trusts are cause of “a lot of heartburn” Wyly Lawyer Tells Judge Aggressive Tax Planning Not Illegal
(DBN)

____________

 


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 (23 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (3 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)

______________

Bankruptcy Statistics:

Anglo American, Casino Lead Potential Fallen Angels, BofA Says
(DBN)

______________

Automatic Stay:

Second Circuit Wyly’ing Out? Asset Freeze Order Doesn’t Violate the Automatic Stay
(DBN)

____________

Proofs of Claim:

NACBA Weighs in on FDCPA Claims for Time-Barred Debts
(DBN)

M.D. Fla. Holds Bankruptcy Code Preempts FDCPA For Filing Time Barred Proofs of Claim
(DBN)

2nd Circuit Rules Bankruptcy Code Does Not Preclude FDCPA Suit in District Court
(DBN)

Illinois Bankruptcy Court Rejects Crawford, Finds Time-Barred Claims Permissible ­
(DBN)

____________

Personal Bankruptcy:

Randomly Distributed Trial Court Justice: A Case Study and Siren from the Consumer Bankruptcy World
(DBN)

____________

Retailing:

American Apparel CEO Paula Schneider: We Will Grow After Bankruptcy
(DBN)

Battling Dov Charney was just one of American Apparel’s problems. Here’s its plan to fix the rest
(DBN)

Quiksilver Said to Be Near Bankruptcy Deal With Junior Creditors
(DBN)

____________

Autos:

VW has a top executive committee that's meeting to deal with emission-cheating crisis
(DBN)

Fiat Chrysler profit plunges 40% Fiat Chrysler's CEO just issued a dire warning for automakers
(DBN)

How a High-Flying Lawyer Botched His Big Case Against GM
(DBN)

GM Ignition Accords Challenged Over Alleged Lawyer Conflict
(DBN)

____________

Personal Finance:

24 ways to improve your finances this year
(DBN)

____________

Healthcare:

Lakewood Ranch-based Health Support Network Inc. files Chapter 7 bankruptcy
(DBN)

Why MannKind Is Heading Towards Bankruptcy
(DBN)

Feds: Theranos Lab Poses Immediate Risk Theranos - Can David Boies Save It?
(DBN)

Doctors here make $472,000
(DBN)

____________

Paper:

Dropping demand, antitrust wrangling led to Verso bankruptcy
(DBN)

Verso reaches agreement with creditors on terms of plan Verso Corp. Gets Backing From Its Big Creditors for Balance-Sheet Restructuring Verso Inks Debt-for-Equity Deal with Creditors; Nets OK for DIP Loan
(DBN)

Verso considered selling Jay mill, three others, but instead opted for bankruptcy reorganization
(DBN)

Verso gets post- bankruptcy loan
(DBN)

____________

Coal:

Peabody Energy Is The Next Coal Company To Go Bankrupt
(DBN)

Don't Count on Coal Bankruptcies to Reduce America's Supply Glut
(DBN)

Coal executive demands tax break for industry in free fall
(DBN)

____________

Aviation:

Vilnius court orders airBaltic to pay EUR 16 mln to bankrupt flyLAL
(DBN)

____________

Compensation:

The typical CEO of a large US company gets these cushy perks
(DBN)

____________

Sovereigns:

In Paul Singer Versus the New Argentina, the Bad Blood Remains
(DBN)

The Greece of the Caribbean‏
(DBN)

Azerbaijan in IMF Talks Over Emergency Loan After Oil Crash
(DBN)

____________

UK:

Corporate insolvency numbers rise sharply
(DBN)

Rise in firms going under raises economy concerns
(DBN)

Royal Bank of Scotland expects loss after £3.6bn hit
(DBN)

RBS puts £2bn aside for US litigation and PPI claims
(DBN)

Five cleared over Libor rate rigging
(DBN)

Former Rangers and Dundee United star Duncan Ferguson declared bankrupt
(DBN)

Another MSP joins attack on OGA ' insolvency ' remark
(DBN)

'Hard-up' court debtor is also a £1000-a-night escort
(DBN)

____________

EU:

Europe’s most accident-prone bank can’t pick itself off the ground
(DBN)

____________

PIIGS:

Investors cool on Italy’s bad loans accord
(DBN)

Italy's Banking Woes Seen Dogging Renzi After Bad-Loan Deal
(DBN)

____________

Canada:

Bombardier Falls Below C$1 to Lowest in Almost 25 Years
(DBN)

____________

Germany:

Germany cuts 2016 GDP growth forecast to 1.7%
(DBN)

____________

Russia:

Russian banking sector has highest risk of default on bonds — experts
(DBN)

____________

China:

Is George Soros Right About a Chinese Hard Landing?
(DBN)

____________

Austria:

Munich Re's MEAG Sees Danger of Heta Becoming a Blueprint
(DBN)

____________

Brazil:

Brazil a bright spot for debt restructuring advisors as recession bites hard
(DBN)

The One White-Collar Job in Hot Demand in Busted Brazil Economy
(DBN)

Brazil oil giant Petrobras, whose troubles have hit Keppel and Sembcorp, to axe staff
(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