March 15, 2016

The Daily Bankruptcy News

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Law:

Associate Bonus Watch: Another Market Match — Or More — For Associates Who Made Their Hours
(DBN)

Bankruptcy Lawyer: 3 Scientifically Proven Ways to Reduce Stress
(DBN)

Lawyers are No. 2 on list of highest-paying jobs
(DBN)

Boies Schiller Posts Profits Per Partner In Excess of $3 Million
(DBN)

Norton Rose Adds Bankruptcy Pro in New York
(DBN)

Fried Franks Adds Two Bankruptcy Partners, One Special Counsel
(DBN)

Juliann Haynes-Held Joins Tucker Arensberg Bankruptcy Group
(DBN)

Boies Schiller Rides High on Litigation Waves
(DBN)

Partner Counts Increase in 2016 for Big Law in Texas
(DBN)

Law Schools Turn Pink: Women To Outnumber Men For First Time By 2017
(DBN)

Harvard Law Drops Slaveholder’s Crest
(DBN)

Struggling to Raise Membership, the ABA Guards Its Nest Egg
(DBN)

Too many reasonable men? What ails law firm leadership
(DBN)

Comebacks - Professionals Probably Can't Pull Them Off on Their Own
(DBN)

Four Reasons Billing by the Hour is a Competitive Disadvantage
(DBN)

A law professor tricked his students into lying, which shows why you should never talk to police
(DBN)

Partner Leaves Firm After S-- Abuse Lawsuit
(DBN)

How to send self-destructing messages — and other iPhone messaging tricks
(DBN)

Four Ways To Keep Your Hard-Working Self From Becoming A Workaholic
(DBN)

You might want to stop closing apps on your phone if you’re worried about battery life
(DBN)

One of the world's foremost experts on crime reveals 7 telltale signs when someone is trying to con you
(DBN)

Lawyer accused of bank robbery is disbarred by consent
(DBN)

Help wanted: Insider trader seeks hacker to access law-firm networks
(DBN)

Lawmaker accused of firing 20 rounds into ex-wife’s car gets 10 months
(DBN)

A white state trooper just pleaded guilty in the shooting of an unarmed black man in South Carolina
(DBN)

The man charged in Michigan shootings says Uber was controlling him through his phone
(DBN)

Lawyer avoids jail after attacking his wife and holding her in a headlock in front of their two children on a plane at 30,000ft
(DBN)

Hedge fund billionaire Louis Bacon claims his neighbor secretly plotted to have him murdered
(DBN)

Deep-sea treasure hunter stays in jail as judge awaits ‘epiphany’ about 500 gold coins
(DBN)

______________

Judges:

Poll respondents foresee Srinivasan as Obama’s nominee to Supreme Court
(DBN)

Allies Say Obama’s Court Pick Is Near, and Will Be Hard for Republicans to Ignore
(DBN)

Hill Democrats getting antsy waiting for Supreme Court pick
(DBN)

Obama looking for 'consensus' pick to Supreme Court
(DBN)

2 judges disciplined for failing to disclose their romantic relationship
(DBN)

The Federal Judiciary’s Most Benchslapped Judge Comes Back For More
(DBN)

The Decorations At The Supreme Court Aren’t Frivolous
(DBN)

Career Opportunity - Judicial Law Clerk – Term, Pittsburgh, PA
(DBN)

DOJ to State Courts: Quit Feeding on the Poor
(DBN)

Top Mass. judge’s son faces charges in Trump church graffiti
(DBN)

______________

Wall Street:

U.S. stocks poised for losses as oil slides again
(DBN)

U.S. stocks struggle to hold 2016 highs as oil drops U.S. Stocks Little Changed Before Central Banks Meet This Week
(DBN)

Morgan Stanley cuts S&P 500 target as recession fears rise
(DBN)

______________

Layoffs:

Oil, Gas Companies to Lay Off Hundreds More in Texas
(DBN)

Texas regulators record more than 400 jobs cuts across the state
(DBN)

Illinois' unemployment rate is among the worst in the nation
(DBN)

Avon to Cut 2,500 Jobs, Move Headquarters
(DBN)

Madison Paper Mill Closing, Eliminating 214 Jobs
(DBN)

Layoff Warning Notices Sent To 45,700 State Of Connecticut Workers
(DBN)

National and State by State Unemployment Rates
(DBN)

Animated Map of Unemployment
(DBN)

______________

Pharma:

KaloBios sets up funding to clear bankruptcy , acquire Chagas drug
(DBN)

Valeant slashes earnings, sales forecast; shares plunge
(DBN)

____________

Travel:

As U.S. Passports For Domestic Flights Loom, IRS Can Now Revoke Passports
(DBN)

____________

Autos:

Detroit's Next Big Crash
(DBN)

Angry Volkswagen investors are coming after VW with $3.61 billion lawsuit
(DBN)

GM Says ‘Accidents Happen’ in New Ignition Switch Flaw Trial
(DBN)

Subprime Auto Bond Delinquencies Highest in 20 Years, Says Fitch
(DBN)

Volkswagen U.S. Unit Destroyed Evidence, Ex-Worker Suit Says Did VW Execs Destroy Emissions Evidence?
(DBN)

____________

Politics:

Donald Trump by the numbers At Trump rally, even supporters want him to cool the rhetoric Supreme Court's Precedent Backs Donald Trump Trump Used Foreign Labor He Wants to Ban Trump Isn’t Causing The Mob, The Mob Caused Trump Look Who's Finally Fed Up With Donald Trump: The "Humans of New York" Guy
(DBN)

Lawyer’s Response To Trump Whining Goes Viral
(DBN)

Cruz's Pastor Calls for Executing Gays
(DBN)

The Myth of Ohio's Economic Miracle
(DBN)

Donald Trump crushes John Kasich — among those with bad credit
(DBN)

Carson: Even if Trump is Horrible, It's Only Four Years
(DBN)

2016: The Campaign of Magical Thinking
(DBN)

____________

Education:

The government paves the way for students to file class-action lawsuits
(DBN)

Phoenix charter school Starshine Academies faces academic, financial woes
(DBN)

____________

Awards:

American College of Bankruptcy to Induct 31 New Fellows in 27th Class
(DBN)

American College of Bankruptcy Announces 2016 Distinguished Bankruptcy Law Student Awardees
(DBN)

Carmody Named Inaugural Adams and Reese National Appleseed Senior Pro Bono Fellow
(DBN)

____________


Economy:

US inflation survey rebounds in relief for Fed Americans don't think inflation is dead
(DBN)

Fed officials talk themselves into a corner
(DBN)

Consumers’ Financial Expectations Rebound in February
(DBN)

BLS: Unemployment Rate decreased in 28 States in January
(DBN)

Morgan Stanley sees 30% risk of world recession
(DBN)

Why Negative Interest Rates Are More Dangerous Than Thought
(DBN)

The American consumer is planning on doing more spending in the next year
(DBN)

Caution persists as financial markets hit the reset button
(DBN)

Why the Fed can't fix the economy
(DBN)

Is Trade Really Killing Our Middle Class?
(DBN)

6 Things that Could Trigger a Global Financial Crisis
(DBN)

For many middle-class voters, ‘It’s trade, stupid!’
(DBN)

Protectionism is economic 'crack': Ex-Fed's Fisher
(DBN)

LA area Port Traffic Increased Sharply YoY in February due to Labor Slowdown last Year
(DBN)

Radical Economic Theory Gaining Converts
(DBN)

Top 400 Billionaires’ Wealth Rises to $3.896 Trillion
(DBN)

The Chilling Math of Inequality
(DBN)

US Debt Clock
(DBN

World Debt Clock
(DBN)

Economic Indicators Dashboard
(DBN)

______________

Real Estate:

Mortgage Equity Withdrawal Slightly Negative in Q4
(DBN)

Lenders Are Getting Choosier When It Comes to Risky Real Estate Deals
(DBN)

Sacramento Housing in February: Sales down 1.5%, Inventory down 24% YoY
(DBN)

U.S. multifamily mortgages grew at fastest pace since 1993
(DBN)

____________

Municipalities:

Democratic Puerto Rico Debt Bills Give Preference to Pensions
(DBN)

SCOTUS Argument preview: Puerto Rico’s plea for debt rescue
(DBN)

U.S. lawmakers see strong board as part of Puerto Rico debt fix
(DBN)

Budget Cuts Force Philadelphians to Clean Their Own Streets
(DBN)

A.C. takeover plan advances, but what happens next?
(DBN)

How Puerto Rico’s economic crisis could shape Florida’s primary
(DBN)

Dissolution in Potsdam is better than impending bankruptcy
(DBN)

____________

Oil/Gas:

Ruling on Pipeline Agreements in Sabine Chapter 11 Case Indicates Battles That Lie Ahead in Energy Company Bankruptcy Cases
(DBN)

Decision Permits Rejection of Midstream Agreements in Bankruptcy
(DBN)

Rejection of Sabine's Gathering Agreements in Bankruptcy Unsettles Midstream Energy Sector
(DBN)

Treatment of Gas Gathering Contracts in Bankruptcy
(DBN)

Recent Case Highlights Opportunity for Distressed Exploration and Production Companies
(DBN)

Is it a Real Property Interest? The Case That Could Change Bargaining Power
(DBN)

OPEC sees more uncertainty around its forecast of U.S. oil-production decline
(DBN)

Shale Patch Pain Sees Speculators Boost Bets on Oil Price
(DBN)

Global Oil and Gas Industry Outlook, 2016: A Year of Transition
(DBN)

Mon.: Oil tumbles 4 percent, stockpile worry cuts short rally Rallying oil pauses near $38 as Iran’s cut participation in doubt
(DBN)

Iran continues to thumb its nose at a global oil freeze Iran Oil Output Surges the Most Since 1997
(DBN)

IEA Sees “Light At The End Of The Tunnel” For Oil Markets
(DBN)

Why Oil Prices May Not Move Higher
(DBN)

Russia Says Iran May Join Oil Freeze After Boosting Output
(DBN)

Chesapeake Going Bankrupt ?
(DBN)

National Oilwell Varco, Transocean, C&J Energy Services to cut more jobs
(DBN)

For Oil & Gas Companies, ‘Bought Deals’ Are in Vogue
(DBN)

One Reason Oil May Not Stay in the S&P 500′s Driver’s Seat
(DBN)

Latam state oil companies owe $275 billion
(DBN)

Joblessness Is Falling—But Not in States Tied to Energy
(DBN)

Debt deadlines loom for SandRidge, Venoco and Energy XXI
(DBN)

Magnum Hunter Seeks Approval for SEC Settlement
(DBN)

Foresight Energy LP says may file for Chapter 11 bankruptcy
(DBN)

Moody's Sacks Weatherford Again; Will The Stock Crater?
(DBN)

Obama to Shut Down Arctic Oil Drilling
(DBN)

Is This Blueprint from the Past LINN Energy LLC's Only Hope for Survival?
(DBN)

Investors have renewed appetite for energy bonds
(DBN)

2 Low-Profile Court Cases That Could Send MLP Stocks Crashing
(DBN)

Near-Record Cash `Comfort' for Canada Oil Firms Amid Price Rout
(DBN)

UK must 'lean on' banks or risk $250bn in lost North Sea oil
(DBN)

____________

Retailing:

Does Sports Authority's bankruptcy illustrate a big box problem?
(DBN)

____________

Celebs:

50 Cent Net Worth of $150 Million Gets Twisted With His Bankruptcy Trials
(DBN)

Hearing In 50 Cent's Bankruptcy Delayed Until April
(DBN)

Trick Daddy's Home Is Heading To Foreclosure
(DBN)

____________

Shipping:

Bankrupt Korean bulker owner sees rehab plan vetoed for second time
(DBN)

____________

Mining:

This mining boss just got a huge bonus despite his company's $5.5 billion loss
(DBN)

____________

Tech:

GT Advanced says to emerge from bankruptcy as soon as possible
(DBN)

____________

Food/Beverage:

Albertsons will retain Haggen name on 15 stores
(DBN)

____________

Security:

New Delaware Chapter 11 Filing
(DBN)

____________

Healthcare:

Palmaz Scientific battles fraud charges
(DBN)

____________

Resorts:

Aman Resorts Owner Doronin Scores Legal Wins in Long-Running Dispute
(DBN)

____________

Fraud:

Mistress Got Millions Meant for Rescue Dogs, Life Partners Trustee Says
(DBN)

Creditors seek Ferrari, Corvette from disgraced Berkeley wine purveyor
(DBN)

How Enron Used Accounting for Prepaid Commodity Swaps to Delay Bankruptcy for One Decade: The Untold Story
(DBN)

____________

Hollywood:

Without Kevin Spacey, what's next for Relativity Media?
(DBN)

____________

Rail:

Cheap oil, new pipelines end rail transport boom, EIA says
(DBN)

____________

Electricity:

U.S. power sales down again, as efficiency, economic malaise take root
(DBN)

____________

Coal:

Two Coal Barons, One Overdue Bond Payment and the End of an Era
(DBN)

Capital Structure Arbitrage: The Curious Case Of Peabody Energy
(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 (18 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (16 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:

Avoiding the fall: Bankruptcy filings plummeted in 2015, but will the trend continue?
(DBN)

______________

Corporate Governance:

Summary Judgment Granted in Favor of New Matco Defendants in NewStarcom Holdings Bankruptcy
(DBN)

____________

Claim Trading:

Five Things to Consider When Approached by a Bankruptcy Claims Trader
(DBN)

____________

Trustees:

Bankruptcy Trustee Denies Claims That Led to Suspension
(DBN)

____________

Subordination:

Second Circuit Affirms Mandatory Subordination of Underwriters' Contribution and Reimbursement Claims
(DBN)

____________

Guaranties:

A Guaranty Is Only As Good As The Person Who Signs It: Enforcing Commercial Lending Guaranties In Massachusetts
(DBN)

____________

Exchange Offers:

Exchange Offer Litigation: SDNY Finds Exchange Likely in Breach of Indenture, But Does Not Issue Preliminary Injunction
(DBN)

____________

Miscellaneous:

Coming and Going Concerns
(DBN)

____________

Automatic Stay:

Can the Debtor Violate the Automatic Stay?
(DBN)

Bankrupt Billionaire and Family Find No Automatic Stay Protection From SEC's Asset Freeze
(DBN)

____________

Bankruptcy Rules:

UST: Updated Census Bureau Data
(DBN)

____________

Make-Whole:

Make Wholes: Have Bankruptcy Courts Identified the Yellow Brick Road Language that Leads to Creditor Oz?
(DBN)

____________

Professional Compensation:

Crowdsourcing ( Bankruptcy ) Fee Control for Small and Medium-Sized Enterprises
(DBN)

____________

Distressed Investing:

Distressed Debt Could Be Bad Fit for Some Funds, Regulator Says
(DBN)

____________

Student Debt:

Why bankrupt borrowers should not be allowed to discharge student loan debt
(DBN)

____________

TBTF:

Past Time to Break Up the Big Banks
(DBN)

____________

Non-Profits:

Shaky finances plague most NYC nonprofits, study shows
(DBN)

____________

Newspapers:

Digital First Media offers $45.5 million to buy Freedom newspapers
(DBN)

____________

Religion:

Diocese mediation talks expected to begin in June
(DBN)

____________

Paper:

Madison mill's troubles only latest in Maine paper industry
(DBN)

____________

Sovereigns:

Argentina faces broken economy without debt deals -Macri New debt to be issued at high interest rates
(DBN)

Holdouts bill: opposition assures quorum for Tuesday session Macri to Congress: holdouts bill or bust 'If holdouts bills are not approved, there will be cuts'
(DBN)

The political economy of Argentina's settlement with the vulture funds
(DBN)

Venezuela's debts : solution in sight?
(DBN)

Rising Oil Prices Help Corporate & Sovereign Debt
(DBN)

Argentina finally nearing debt agreement — will it be the beginning of the end for the country’s crisis?
(DBN)

____________

UK:

UK Corporate Restructuring After Brexit: an uncertain future
(DBN)

Brexit would trigger exodus of UK lawyers to re-qualify in Ireland, say experts
(DBN)

Begbies Traynor win 'major' insolvency services contract in Northern Ireland
(DBN)

Administrators’ jingle mail upset as insolvent tenant’s lease continues, court says
(DBN)

Pension regulator should press Green over BHS scheme
(DBN)

KPMG appointed as CVA ‘supervisor' to historic department store
(DBN)

____________

PIIGS:

Ex-Anglo Irish Chief Drumm Is Flight Risk, Prosecutors Say Ex-boss of Anglo Irish Bank David Drumm bailed in fraud case Drumms' luxury US mansion to be sold as wife Lorraine to move back to Ireland
(DBN)

National Bank of Greece loss widens on bad loans
(DBN)

Portugal loses court case over derivatives jurisdiction
(DBN)

____________

Canada:

Fallout in Alberta: The oil crash isn't just about lost jobs
(DBN)

____________

Austria:

The Lasting Legacy of Austria’s Bad Bank
(DBN)

Austria fails to strike deal on bank collapse
(DBN)

Austria rules out better offer for creditors as Heta deal fails
(DBN)

Creditors reject Heta offer in Carinthia clash
(DBN)

Heta creditors including Pimco file lawsuit against Carinthia
(DBN)

____________

Brazil:

More wretched news in the world's 7th-largest economy
(DBN)

____________

India:

Vijay Mallya is a small fish in India’s banking cesspool, beware of bigger circling sharks
(DBN)

A historical lesson for Mr Vijay Mallya
(DBN)

Jaitley blames slow, complex legal system for bad loan mess
(DBN)

'Want quick passage of bankruptcy law'
(DBN)

Stakeholders applaud repeal of 37-yr-old Bankruptcy / Insolvency Act
(DBN)

India's Ugly Bad-Loans Situation Is About to Get Even Worse
(DBN)

____________

China:

PBOC data show capital is still flowing out
(DBN)

'Zombie companies' adjust to new reality
(DBN)

China plans for NPLs
(DBN)

____________

Japan:

Horseman Capital Japan fund short regional banks
(DBN)

____________

Russia:

Russian Premier Football League leader may be declared bankrupt
(DBN)

____________

Nigeria:

Nigeria Needs Strong Insolvency and Bankruptcy Laws
(DBN)

____________

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