March 10, 2016

The Daily Bankruptcy News

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Law:

Why Are So Many Partners Walking Out The K&L Gates?
(DBN)

Kirkland on Contingency: Behind a $93 Million Fee Deal In Tronox Fraudulent Transfer Case
(DBN)

Choate Announces New Restructuring Practice Group Leader
(DBN)

Squire Patton Boggs Names New Restructuring Partner
(DBN)

Fee Specialist On How GCs Are Tackling Their Budgets
(DBN)

Faced with declining bar pass rates, Oklahoma changes the exam grading
(DBN)

The 2017 U.S. News Law School Rankings Leak: The Top 50
(DBN)

T14 Law School Dean Sued For Harassment Dean of UC Berkeley School of Law Steps Down
(DBN)

Law Student Finally Gets Her Shot at Alma Mater
(DBN)

Law Schools On Trial, Poor Employment Statistics To Blame
(DBN)

Go West! (For Law School)
(DBN)

Report: Legal Industry Was Heavily Targeted with Cyber Threats in January
(DBN)

4 Types Of Jobs That Will Hinder The Career Advancement Of New Attorneys
(DBN)

Solos And Small Firm Lawyers: What’s In Your Wallet?
(DBN)

Ten advantages to hiring older lawyers
(DBN)

The Biglaw ‘Caste System’ — An Impediment To Innovation?
(DBN)

How robots will kill the 'gig economy' - Lawyers the next gig workers
(DBN)

Kasowitz Benson's Rebound Falls Short
(DBN)

Husch Blackwell Revenue, Head Count Decline
(DBN)

Saul Ewing Revenue Up 4.7 Percent, PPP Up 7.8 Percent
(DBN)

Milbank’s London revenue climbs 6 per cent to £77.5m
(DBN)

Gender Gap In Law Firm Associate Promotions And Turnover Is Higher When Partners Are Conservative
(DBN)

This incredible glitch makes your iPhone work faster
(DBN)

Florida mom shot by 4-year-old son hours after bragging he ‘gets jacked up’ to shoot
(DBN)

Wrestler s-- video trial enters fourth day of testimony
(DBN)

Bankruptcy attorney who defended himself at trial found guilty of trying to put contract hit on wife
(DBN)

CPA faces felony case, accused of acting as ‘cellphone police’ with jamming device
(DBN)

Lawyer gets 17 years for helping fugitive client with stock scheme
(DBN)

The Legal Minefield of Office Group Chat
(DBN)

Former Brink’s worker pleads guilty in theft of $196K worth of quarters
(DBN)

______________

Judges:

Supreme Court pick that would be the drama of all dramas
(DBN)

Elizabeth Warren hits GOP on Supreme Court slot
(DBN)

Most Voters Disapprove of GOP’s Supreme Court Delay
(DBN)

Getting the Senate’s responsibilities on Supreme Court nominations right
(DBN)

President Obama Meets With Supreme Court Candidates
(DBN)

Environmental groups call on Senate to hold Supreme Court hearings
(DBN)

Fill Scalia vacancy, urge nearly 250 corporate lawyers in letter to Obama and Senate leaders
(DBN)

Senators square off over Supreme Court vacancy
(DBN)

How John Roberts Can Honor Scalia's Legacy
(DBN)

The Dark Side of All Those 'Friends' at the Supreme Court
(DBN)

AG says she doesn’t want to be considered for SCOTUS; which judges are deemed leading contenders?
(DBN)

Double whammy for ex-judge: Removed from bench over residency issue, he is now suspended 90 days
(DBN)

______________

Wall Street:

Stock futures up ahead of ECB meeting
(DBN)

Stocks close higher on the bull market's seventh anniversary
(DBN)

Wall Street is gripped by something called 'juniorization' and it is freaking some people out
(DBN)

______________

Layoffs:

Société Générale to cut 550 jobs
(DBN)

Siemens to cut 2,500 jobs
(DBN)

National and State by State Unemployment Rates
(DBN)

Animated Map of Unemployment
(DBN)

______________

Food/Beverage:

Chipotle shares fall after workers at Boston restaurant fall ill with norovirus
(DBN)

Classic American restaurant chains are disappearing into oblivion
(DBN)

____________

Politics:

Milbank: Elizabeth Warren for VP
(DBN)

Hillary Clinton says she would look to Elizabeth Warren for advice on appointments
(DBN)

FactChecking the Eighth Democratic Debate Fact-checking the Democratic debate in Miami The Test Clinton Failed in the Florida Debate
(DBN)

Trump insists his businesses are fine — and trots out defunct Trump Steaks to prove it Trump's product claims more sizzle than steak America's White Revolt: Trump Tears GOP Apart Tech CEOs' Secret Meeting with GOP to Stop Trump If You Think You Know Trump's Voters, You're Mistaken This anecdote about Donald Trump's failed steak business reveals a huge part of his personality
(DBN)

Trump vows to reopen Trump University if he becomes president Trump University tale: BBB, lies and videotapes The university 'scam' and $40m lawsuit stalking Trump
(DBN)

Trump received tax credit for middle class taxpayers
(DBN)

GOP embraces the 47 percent
(DBN)

____________

Coal:

Digging Deeper Into The Restructuring
(DBN)

Alpha Natural Resources Files Chapter 11 Plan With Stalking Horse Credit Bid
(DBN)

What would a Peabody Energy bankruptcy mean?
(DBN)

Former Massey coal baron Blankenship, facing jail, confronts $28 million Alpha threat
(DBN)

____________

Mass Torts:

A sad truth for veterans: Asbestos and the 'political pawns'
(DBN)

____________

Retailing:

These retail zombies are showing signs of life
(DBN)

Walmart's customers are too broke to shop
(DBN)

Nordstrom could be a better turnaround bet than Macy's
(DBN)

Tailored Brands to shut about 250 stores
(DBN)

Gift Cards Feel Pinch of New Rules
(DBN)

____________

Healthcare:

NJ approves sale of bankrupt Newark hospital
(DBN)

Prescription Drug Costs Rise $457 Billion
(DBN)

____________

Distressed Investing:

Oak Hill Said Trying for $2 Billion for Distressed Debt Fund
(DBN)

Carlyle Said to Hire Och-Ziff's Schmitz for Distressed Assets
(DBN)

____________


Economy:

U.S. wholesale inventories unexpectedly rise on weak sales
(DBN)

Let’s Hear it for Walls (of Debt)
(DBN)

The highest-paying jobs in America
(DBN)

Ex-Fed Official: Labor Market Not That Strong
(DBN)

Falling Earnings, Recession Warning
(DBN)

IMF: Risk of World Economic Derailment How Bad is the Global Economy?
(DBN)

Why a college degree means less for the poor, explained in one graph
(DBN)

Markets betting on near-zero interest rates for another decade
(DBN)

Billionaire to central banks: We don't want negative rates
(DBN)

White working-class nostalgia, explained by John Wayne
(DBN)

U.S. companies have enough liquidity for next 12 months, but face risk after that
(DBN)

The more we earn, the more often we drink
(DBN)

Welch: Why I just changed my tune on economy
(DBN)

Hillary Clinton's auto bailout attack on Bernie Sanders obscures a much bigger issue
(DBN)

US Debt Clock
(DBN

World Debt Clock
(DBN)

Economic Indicators Dashboard
(DBN)

______________

Real Estate:

Leases: To Be or Not to Be a Nonresidential Lease
(DBN)

Mortgage applications eke out 0.2% gain
(DBN)

Hovnanian to Exit Some Markets as Loss Widens
(DBN)

Calpers, Moody's settle suit over mortgage deals for $130 million
(DBN)

Millennial Homebuyers Choose Suburbs as Urban U.S. Prices Climb
(DBN)

Judge finds enough information supporting allegations former Grubb & Ellis brokers steered business to Avison Young
(DBN)

Fund manager on Fannie and Freddie: People are going to call this 'The Big Lie'
(DBN)

More and More People are Renting. Thank the Suburbs
(DBN)

____________

Municipalities:

Puerto Rico: LoPucki's Virtual Bankruptcy Proposal
(DBN)

Ability vs . willingness to pay in Puerto Rico
(DBN)

Atlantic City takeover, PILOT bills needed to avoid bankruptcy
(DBN)

Moody's: Atlantic City could default within weeks without drastic action Moody's: Atlantic City faces big trouble without state takeover
(DBN)

Detroit schools expected to run out of money to pay teachers by April 8
(DBN)

Detroit school unions issue warning over payroll shortfall
(DBN)

Red Lion schools won’t file for bankruptcy, beginning to make cuts
(DBN)

Flint families seek financial compensation for lead crisis Flint Finally Suspends Water Utility Billing Amid Lead Crisis
(DBN)

Lead Found in Drinking Water at Newark Schools
(DBN)

SEC imposes rare, and record, penalty on municipal bond issuer
(DBN)

Texas Towns That Live and Die on Oil
(DBN)

____________

Oil/Gas:

Oil prices dip as global oversupply outweighs strong demand Brent Falls Back Under $40 as Kuwait Cools on Production Freeze, Goldman Adds to Price Warnings Kazakhstan balks at freezing oil output
(DBN)

US crude hits three-month high on gasoline drawdown, OPEC speculation
(DBN)

Why Ailing Oil Producers Should Love This Court Decision Judge Says Sabine Can Reject Pipeline Contracts Bankruptcy Court Rules Gathering Agreements Can Be Rejected Sabine Court Gives 'Non-Binding' Ruling That Gathering Agreements Are Not Covenants Running with the Land Under Texas Law Why Does the Sabine Ruling Impact the Broader Midstream Sector? Burst Pipeline? Bankruptcy Court Rules Sabine Can Reject Midstream Contracts
(DBN)

Once-Treasured Pipelines Facing a `Culling' as Drillers Go Bust
(DBN)

Decisions in Sabine Oil & Gas and Quicksilver Resources Inc. Bankruptcy Cases Will Have Broad Impact on Midstream and Exploration & Production Companies in the Oil & Gas Industry
(DBN)

Oil prices edge closer to hedging territory
(DBN)

The Shale Reckoning Comes to Oklahoma
(DBN)

Oil's technicals and fundamentals are predicting different things
(DBN)

J.P. Morgan: This Oil Slump Is Different
(DBN)

US MLPs: courting disaster
(DBN)

Oil exporters to meet March 20 to discuss freeze
(DBN)

Unlikely stock market winners: oil companies with little debt
(DBN)

When higher oil prices will start to hurt stocks
(DBN)

Goodrich Petroleum And Its Likely Chapter 11 Filing Goodrich Petroleum CEO: 'We've engaged the appropriate bankruptcy lawyers'
(DBN)

Can a Bankrupt Company Protect Appalachian Drinking Water?
(DBN)

Linn Energy Looks to Ease Tax Hit on Investors
(DBN)

Energy XXI to reconsider bankruptcy protection if oil prices remain low
(DBN)

Halliburton cuts benefits, executive bonuses
(DBN)

Russia may be running out of oil
(DBN)

____________

Software:

Aspect Software files for bankruptcy with creditor plan
(DBN)

____________

Agriculture:

Chesterfield Berry Farm files for bankruptcy protection
(DBN)

USDA helps peanut producers rebuild after company bankruptcy
(DBN)

____________

Education:

Lake Placid prep school building attracts no buyers as clock ticks in online bankruptcy court auction Adirondacks school sells in bankruptcy auction
(DBN)

____________

Celebs:

50 Cent to Judge: That Cash Was Fake 50 Cent in bankruptcy court to explain cash piles to judge Bankruptcy court official calls for review of 50 Cent assets Money? 50 Cent Says 'I Ain't Got None' 50 Cent reaches bankruptcy deal with creditors 50 Cent Taunts Bankruptcy Judge With New Photo 50 Cent Takes Pics at Bankruptcy Court With Wads of Cash 50 Cent posed with fake money and made up his house in Africa, he tells court
(DBN)

Will 50 Cent Get In Trouble With the U.S. Secret Service For Using "Fake" Cash?
(DBN)

____________

Mining:

Molycorp debtors, creditors squabble in bankruptcy court
(DBN)

____________

Hollywood:

Relativity Media Reschedules Bankruptcy Court Hearing
(DBN)

____________

Tax:

Firms Plead Guilty to Helping U.S. Taxpayers Hide More Than $130 Million
(DBN)

____________

History:

The Law That Started the New Deal
(DBN)

____________

Student Debt:

Student loan companies: Deceptive or just confusing?
(DBN)

Merkley, Wyden urge debt relief for students of 'predatory, deceptive' schools
(DBN)

Court Must Revisit Whether Debtors Can Discharge Student Loans
(DBN)

Student Loan Companies Could Face Enforcement Actions Over Automatic Defaults
(DBN)

____________

Alternative Energy:

Meltdown: What happened when a Las Vegas solar company fell apart
(DBN)

____________

 


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 (24 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)

______________

Insiders:

Ninth Circuit Clarifies Who is Considered Non-Statutory Insider
(DBN)

____________

Avoidance Actions:

Late Payments Are Not Ordinary Even Without Collection Pressure
(DBN)

Contemporaneous Exchange Defense Requires That Both Parties Intended For Exchange To Be Contemporaneous
(DBN)

Funds Must Be Specifically Designated For 'Earmarking' Defense To Apply
(DBN)

No Preference Liability For Debtor's Insider Guarantor That Validly Waived Its Indemnification Rights
(DBN)

Prior Payment Plans Do Not Automatically Entitle A Defendant To The Ordinary Course Of Business Defense; Cutoff Date For New Value Calculation Is Petition Date
(DBN)

____________

Summary Judgment:

BK CD CA: Great Inn of the Court Program
(DBN)

____________

Venue:

Don’t Mess With Texas (Unless You Are Properly Venued in the Delaware Bankruptcy Court)! Texas Comptroller’s Motion to Transfer Venue of Chapter 11 Case is Denied
(DBN)

____________

Professional Compensation:

Judges Reject Fee Defense Provisions in Retention Applications
(DBN)

____________

Bankruptcy Reform:

Chapter 9: Five Proposals for Meaningful Reform
(DBN)

____________

Plan Confirmation:

Feeling Comfortable Using Legal Jargon in Everyday Life
(DBN)

____________

Compensation:

CEO Pay Depends on Board’s Independence
(DBN)

____________

Radio:

IHeartMedia Should Face the Music: Restructuring or Bankruptcy
(DBN)

iHeartMedia wins temporary restraining order against creditors: filing
(DBN)

____________

Autos:

Hey, VW! I've Got Some Ideas For That Car You Sold Me
(DBN)

Volkswagen's top US exec steps down, embroiled in emissions cheating scandal
(DBN)

Used car dealership in dispute files for bankruptcy
(DBN)

Why You Shouldn't Worry About Rising Auto Loan Debt
(DBN)

____________

Sporting Goods:

Performance Sports Group: Yep, This Is A Disaster
(DBN)

Sporting industry is in trouble
(DBN)

____________

Sovereigns:

The Rubble of Argentina’s Debt Settlement
(DBN)

Albany Can Solve the World's Sovereign Debt Crisis
(DBN)

Argentine Bonds: Time for a Distressed Debt Exit?
(DBN)

Argentina reaches $190 million settlement with more holdout creditors
(DBN)

____________

UK:

This chart shows how much the crash in oil prices has hit Scotland
(DBN)

UBS, Deutsche Bank lose bankers' bonuses tax case in UK UBS, Deutsche Bank Escaped Bonus Taxes Like Houdini, Judges Say
(DBN)

BHS pensioners face cuts to payouts as struggling chain goes into insolvency BHS staff face immediate cuts to pensions
(DBN)

Income for young British families falls as pensioners prosper
(DBN)

____________

EU:

Deflation could trigger a wave of unemployment across Europe
(DBN)

Euro dips as ECB sets sights on deeper negative rates
(DBN)

German exports fall 0.5% in January
(DBN)

____________

PIIGS:

Bad loans at Italian banks rise to 202 billion euros in January
(DBN)

Abengoa Said to Be Reviewing Creditors' Restructuring Plan Abengoa agrees draft rescue in race to avoid insolvency
(DBN)

Why Investors Are Concerned Over Greek Banks
(DBN)

For a Peek Into Greek Banking Mess Look at Eurobank-Nikas Ties
(DBN)

____________

France:

France Publishes Final List of 19 Specialized Insolvency Commercial Courts
(DBN)

____________

MENA:

Saudi Arabia is trying to borrow billions from banks
(DBN)

____________

Denmark:

Famous Danish fashion label files for bankruptcy
(DBN)

____________

China:

Bernanke: What China should do
(DBN)

There is a massive threat building in China, and it looks like a Ponzi scheme
(DBN)

China has 'one last chance' to clean up its mammoth bad debts
(DBN)

Chinese inflation accelerates to 2.3 per cent
(DBN)

____________

India:

Lenders Seek to Claw Back $1 Billion Dues From India Beer Tycoon
(DBN)

The Vijay Mallya Case Shows Why India Really Must Change Its Bankruptcy Laws Mallya 'flees' India as creditors tighten grip Mallya faces assets’ attachment, Interpol notice for evading probes Lax legal system allows defaulters like Mallya to get away
(DBN)

____________

Mexico:

Mexico’s ICA has prepared bankruptcy filing as precaution: sources
(DBN)

____________

Venezuela:

Venezuela withdraws top diplomat from Washington
(DBN)

____________

Russia:

Moody's is pulling out of Russia
(DBN)

____________

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