March 2, 2016

The Daily Bankruptcy News

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Law:

At K&L Gates, Partners Exit and ‘the King’ is Silent
(DBN)

Exits push Kirkland to double notice period for equity partners
(DBN)

Law Student Debt and Stress Levels on the Rise, Survey Finds
(DBN)

Chadbourne settles suit by investors burned by convicted Ponzi schemer
(DBN)

Legal professionals increasingly search for pastures new
(DBN)

43% of Young Women Lawyers Experience Bias, Fla. Survey Finds
(DBN)

The Perfect Attorney: An Expert’s Wish List
(DBN)

Why Are 1 In 3 Lawyers Problem Drinkers?
(DBN)

K&L Gates, Former Partner Sued Over Representation, Failure To Repay Loan From Client For Partnership Buy-In
(DBN)

Mark Silverschotz Rejoins Anderson Kill P.C.
(DBN)

A $700 Million Loss Puts A Law Firm On The Ropes
(DBN)

Greenberg Traurig Maher posts 10% revenue rise ahead of potential BLP deal
(DBN)

Lawyers as day workers, not professionals - The Washington Post looks at this issue
(DBN)

Safe Space
(DBN)

Paul Hastings Reports Banner Year
(DBN)

Study finds widening gap in expected law school debt based on race and LSAT score
(DBN)

The Law Professor Search for Meaning
(DBN)

The latest expectations for Apple's next iPhone
(DBN)

Staff use of personal devices can complicate recovery of IP in insolvency situations, says expert
(DBN)

Lawyer suggests sportscaster Erin Andrews' career flourished because of a video leak
(DBN)

Judge who ruled for Apple shreds government for using a 227-year-old law to access people's smartphones
(DBN)

Ex-prosecutor gets stayed suspension for using fake Facebook account to contact alibi witnesses
(DBN)

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Judges:

Samantha Bee On Why A Tie On The Supreme Court Is Bad News
(DBN)

What’s the Fascination With Requesting an Unnamed “Sitting Bankruptcy Judge” as Bankruptcy Mediator?
(DBN)

Judge Sontchi Seeks Feedback
(DBN)

GOP Leaders Tell Obama They Won’t Consider His Supreme Court Pick Christie: Hold Hearing for SCOTUS Nominee
(DBN)

Sotomayor and Kagan Offer Dueling Citations of Scalia Book
(DBN)

Was Scalia Too Good for Big Law?
(DBN)

This might be why Justice Clarence Thomas finally asked a question after 10 years
(DBN)

Alabama lawyer files suit against 5 SCOTUS justices who OK'd same-sex marriage
(DBN)

Lawyer Writes Stupid Brief, Fifth Circuit Lets Him Know 'Strange hypothetical conversation' in filing inspires 5th Circuit ruling: 'That's silly.'
(DBN)

Judge returns to work in Texas, nearly 4 months after targeted attack put her in hospital
(DBN)

SCOTUS justices weigh constitutional rule for judicial recusals
(DBN)

Whereas, the Supreme Court Rules for Stuffy Language
(DBN)

2 of 3 suspects take pleas in armed invasion of federal judge’s home
(DBN)

The Latest Allegations Against Antonin Scalia — Are They Accurate?
(DBN)

Suit claims judge secretly bugged courthouse and recorded conversations
(DBN)

Judiciary Reins in Property Costs, House Panel Told
(DBN)

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Wall Street:

US stock futures lower, oil prices down
(DBN)

US stocks rally as Nasdaq has best day since August
(DBN)

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Layoffs:

National and State by State Unemployment Rates
(DBN)

Animated Map of Unemployment
(DBN)

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Celebs:

Zuckerberg top gainer in Forbes' 2016 billionaires list
(DBN)

Famously Broke 50 Cent Definitely Isn't Broke
(DBN)

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Defaults:

Corporate defaults forecast to rise 30% in 2016
(DBN)

Global Junk-Bond Default Rate to Rise to '09 Level, Moody's Says
(DBN)

The Party’s Over for Corporate Bonds, as Moody’s Warns of Rising Defaults
(DBN)

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Aviation:

Why Republic Airways' Bankruptcy Won't Hurt Embraer
(DBN)

Self-Inflicted Turbulence Forced Republic's Bankruptcy Descent
(DBN)

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Tech:

GTAT’s bankruptcy plan draws fire from creditors
(DBN)

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Healthcare:

Senators Introduce Medical Debt Relief Act to Address Medical Debt on Credit Reports
(DBN)

For-profit chain buys bankrupt N.J. hospital
(DBN)

Wells Fargo, Lynn Tilton Trade Barbs Over TransCare Bankruptcy
(DBN)

Self-Insuring Against Liability Risk: Evidence from Physician Home Values in States with Unlimited Homestead Exemptions
(DBN)

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Autos:

VW Readies More Diesel Scandal Provisions
(DBN)

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Radio:

IHeart Said to Enter Lender Pact That May Stop Default Fight
(DBN)

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Pharma:

Valeant Loses About 75% of Value Since August
(DBN)

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Distressed Investing:

Investors Plow Record Cash Into Junk Bond ETF as Tone Improves
(DBN)

____________


Economy:

Top Fed official sees downside risk to US economy
(DBN)

6% of companies make 50% of US profit
(DBN)

US manufacturing stabilizing; construction spending surges ISM Manufacturing index increased to 49.5 in February
(DBN)

World's 20 richest $70bn poorer, India has 84 billionaires: Forbes
(DBN)

US auto defying talk of recession U.S. Light Vehicle Sales at 17.43 million annual rate in February
(DBN)

The Great Recession May Have Worsened Drug Abuse, Especially Among White Men
(DBN)

How a Less-Skilled American Workforce May Be Holding Back Growth
(DBN)

Construction Spending increased 1.5% in January
(DBN)

Forbes Outs World's Billionaires List: 1810 Individuals, $6.48 Trillion Net Worth The Richest Women In The World 2016 New York Is The City With The Most Billionaires, Not Beijing
(DBN)

Retirement Is Looking Even Worse for Americans
(DBN)

US Debt Clock
(DBN

World Debt Clock
(DBN)

Economic Indicators Dashboard
(DBN)

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Real Estate:

Home-price rise continues even in oil regions
(DBN)

MBA: Mortgage Applications Decreased in Latest Weekly Survey, Purchase Applications up 27% YoY
(DBN)

Detroit buyers urged to take out two mortgages
(DBN)

Delinquency Rates Point to Housing Revival
(DBN)

California Supreme Court Weighs in on Borrower Standing To Challenge Mortgage Assignment
(DBN)

____________

Municipalities:

Detroit's Bankruptcy Judge Will Now Lead the City's Public Schools Judge Rhodes on Leading DPS
(DBN)

Puerto Rico working on creditor counter proposal-presentation
(DBN)

Puerto Rico's PREPA says extends deadlines for deal
(DBN)

Breaking down Puerto Rico's debt crisis
(DBN)

A Virtual Symposium on Puerto Rico
(DBN)

Am. Samoa Doesn’t Want Federal Bankruptcy Assistance
(DBN)

____________

Retailing:

US retailer Sports Authority files for bankruptcy Sports Authority Files for Chapter 11 to Implement Financial and Operational Restructuring Sports Authority Files Bankruptcy After Missing Fitness Boom Sports Authority Files for Bankruptcy Protection
(DBN)

Dollar Tree: Sales Miss, Shares Fall
(DBN)

Sports Authority May Be Up for Sale as it Nears Bankruptcy
(DBN)

Sports Authority Said to Plan Bankruptcy as Soon as This Week
(DBN)

____________

Oil/Gas:

OPEC watching Iran, Russia, unlikely to cut output in June Oil rises 2% on Wall Street after early slide on stockpile worry Oil at two-month high on China demand hopes, easing supply glut Russia says global deal on oil output cap is close
(DBN)

IEA: Oil Prices Have Bottomed Out, But Growth Will Not Be Sharp
(DBN)

Battered U.S. Oil Firms Raise Most in Equity Sales Since `99
(DBN)

Sorry, OPEC: U.S. oil production at 43-year high
(DBN)

Gulf of Mexico Oil Output to Hit Record in 2017
(DBN)

Enough Talk - Only The 'Invisible Hand' Can Rebalance The Oil Market
(DBN)

How To Spot Survivors In North American Oil
(DBN)

The Long Term Impact Of The Oil Rig Crash
(DBN)

Anadarko slashes budget by half in reaction to low oil prices
(DBN)

Energy Industries Strive To Survive: Bankruptcies Trigger Downstream Shock Effects
(DBN)

Linn Energy expects to breach debt covenant, company says Will Linn Energy Go Bankrupt?
(DBN)

Anadarko Petroleum to Sell $3 Billion in Assets This Year
(DBN)

Anadarko Petroleum cutting Colorado operations
(DBN)

Is Linn Energy At Death's Door?
(DBN)

GreenHunter Resources Files for Chapter 11 Protection GreenHunter files for bankruptcy
(DBN)

Oil price collapse reverses fortunes of Latin American economies
(DBN)

Chesapeake Energy ex-CEO McClendon indicted Chesapeake Energy founder Aubrey McClendon 'proud' of industry track record, will fight federal charges
(DBN)

Pemex: A $32 Billion Loss
(DBN)

____________

Coal:

Peabody's lenders recommend the company declare bankruptcy
(DBN)

Peabody says in filing facing pressure from lenders on debt
(DBN)

Franklin Said to Be Lender Pushing for Peabody Bankruptcy Filing
(DBN)

____________

Museums:

Please Touch Museum close to exiting bankruptcy
(DBN)

____________

Gambling:

Retired U.S. judge agrees to mediate Caesars bankruptcy
(DBN)

Beacon of hope for soon-to-reopen Revel? Will Revel reopen in June?
(DBN)

____________

Music Festivals:

SFX to Auction Off Beatport in May, Looks to Sell Fame House
(DBN)

____________

Paper:

Verso Gets Final Court Approval on Bankruptcy Financing
(DBN)

____________

Receivers:

Kentucky Legislature To Consider Commercial Receivership Reform
(DBN)

____________

Banking:

Banks Made $11 Billion in Overdraft Fees
(DBN)

____________

Religion:

Cardinal Denies Deflecting Child Abuse Blame
(DBN)

Two Bishops Hid Hundreds of Child Abuse Cases, Report Says
(DBN)

____________

 


New Bankruptcy Opinions
(8 new opinions today - DBN)

Bankruptcy Court Web/Pacer Site Directory

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

Recent Ch. 11 Filings (40 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (14 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:

Personal Bankruptcy Filings Continue Annual Decline
(DBN)

WD NY: Bankruptcy filings increase 20.2 percent in February
(DBN)

NW OH: Bankruptcy filings down in Feb.
(DBN)

______________

Subordination:

In re Sentinel Management: The Seventh Circuit Considers Equitable Subordination
(DBN)

____________

Make-Whole:

Delaware District Court Affirms Bankruptcy Court’s Ruling Allowing Debtor to Sidestep a “Make-Whole” Payment
(DBN)

____________

SIPA:

Court Denied Petitions on Definition of SIPA Customer
(DBN)

____________

SCOTUS:

Argument Transcript in Husky International Electronics, Inc. v. Ritz (whether 523(a)(2)(A) applies to a fraudulent transfer scheme designed to cheat a creditor)
(DBN)

Supreme Court weighs bankruptcy code text
(DBN)

____________

Ch. 13:

Chapter 13 Debtor May Not Compel Secured Creditor to Accept Title to Surrendered Collateral
(DBN)

____________

Bankruptcy Reform:

Impressions of Capitol Hill
(DBN)

____________

Politics:

Super Tuesday: Trump and Clinton Win Big, but Rivals Score Too The Most Baffling GOP Super Tuesday Ever
(DBN)

The Rise of American Authoritarianism
(DBN)

President Trump Starts Off Super Tuesday By Losing The New York Appellate Court Fraud Charge Primary
(DBN)

Clinton’s Super Tuesday spent talking student debt The Case Against Hillary Clinton
(DBN)

NY court revives Trump University fraud claim Donald Trump and his legal team say plaintiff can’t withdraw from Trump University lawsuit
(DBN)

Ted Cruz Screwed Up Citation In SCOTUS Brief
(DBN)

Larry Summers: Donald Trump is a serious threat to American democracy
(DBN)

Trump's Dad Arrested in 1927 Klan Riot
(DBN)

Republican Elites Harden Resolve Against Trump as Voters Flock to Him
(DBN)

____________

Agriculture:

Trustee in Allens bust claims assets skimmed in firm's sale
(DBN)

____________

Sovereigns:

How to Deal With a Bankrupt Government
(DBN)

Singer Makes 369% of Principal on Argentine Bonds in Debt Offer
(DBN)

Argentina tried to fight the financial world - and lost miserably
(DBN)

Argentina debt issue - What Is At Stake
(DBN)

Macri urges Congress to approve deal with holdouts Clocks ticks as Argentina's Macri asks Congress to OK creditors deal
(DBN)

US creditors : More time needed for Argentina to seal deals
(DBN)

Regulatory treatment of sovereign debt
(DBN)

____________

UK:

Bank of England Head: Everything Wrong with Negative Interest Rates
(DBN)

UK: Work Until You are 75, or Even 81
(DBN)

____________

EU:

Germany Set to Sell Five-Year Debt With Lowest Yield on Record
(DBN)

After Credit Carnage, European Companies Buy Back Cheap Bonds
(DBN)

____________

PIIGS:

Greece's creditors face impasse over bailout terms
(DBN)

Crucial Meeting of Greece's Creditors in Brussels
(DBN)

Spain's Abengoa replaces chairman to help restructuring deal
(DBN)

Banks Bloated on Sovereign Debt Weaken Italy in Row With Germany
(DBN)

____________

Canada:

Oil price slide casts shadow over Canada’s banks, despite solid quarter
(DBN)

____________

Australia:

Nathan Tinkler has been declared bankrupt .
(DBN)

____________

China:

Moody's cuts China outlook on eve of NPC, cites reform, fiscal risks Moody's Cuts China Outlook to Negative Chinese State Firms' Debt Stress Flagged by Moody's Outlook Cut
(DBN)

China may lay off 5 to 6 million workers in coming years
(DBN)

Death and Despair in China's Rustbelt
(DBN)

China's Default Risk Climbs Above Lower-Rated Philippines: Chart
(DBN)

____________

Austria:

Heta creditor Austrian Anadi Bank accepts bond buyback offer
(DBN)

____________

Russia:

Molotovs and Death Threats: Russian Debt Collectors Go Medieval
(DBN)

____________

India:

India Says Considering Steel Bailout Demand as Debt Mounts
(DBN)

____________

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