March 3, 2016

The Daily Bankruptcy News

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Law:

More Turbulence Ahead for Big Law?
(DBN)

Another ‘Reply All’ Screw-Up: Tell Us How You Really Feel
(DBN)

More Departures From The K&L Gates; Do They Matter?
(DBN)

Average age of BigLaw partner is about 52; which firms are outliers?
(DBN)

Lawyer Threatens Federal Receiver, Earns One-Way Trip To Sanctiontown
(DBN)

Amid partner turnover, Kirkland reportedly requires longer notice before departure
(DBN)

Polsinelli Hires 44 Novak Druce Attorneys as Firm Winds Down
(DBN)

Amal Clooney Has Always Been A Power Player
(DBN)

Slater & Gordon shareholder class action gets backing from UK funder
(DBN)

Greenberg Traurig moves towards merger with revenue boost
(DBN)

Baker Botts tops $1m revenue per lawyer
(DBN)

Why The U.S. News Law School Rankings Will Never Change
(DBN)

Do The Words ‘I Need You To Draw Up A New Contract’ Make You Want To Run And Hide?
(DBN)

Did iPad malfunction during Apple GC’s Senate testimony?
(DBN)

From Tijuana to Harvard to Compton to UCLA Law
(DBN)

Why Stress Makes Your Hair Fall Out
(DBN)

Texas Sheriff Candidate’s Office Shot in Racially Motivated Attack
(DBN)

Marriott Ownership Rep Accused Of Playing Erin Andrews Peephole Video For Friends
(DBN)

How using a gun emoji can get you arrested
(DBN)

Cops Woke Up N---- Woman, Then Shot Her
(DBN)

Alabama Policemen Charged with Murder
(DBN)

Disbarred lawyer is denied New York taxi license
(DBN)

Spotlight On ‘Spotlight’
(DBN)

Hollywood’s Top Divorce Lawyer Spills Her Secrets
(DBN)

How Dumb Is It, Legally, for a Celebrity to Tweet While in the Middle of a Lawsuit?
(DBN)

______________

Judges:

After a decade of silence, will Justice Clarence Thomas find his voice?
(DBN)

McConnell Puts the Ball Into Obama's Court
(DBN)

Obama to unveil U.S. Supreme Court nomination soon: Senator Reid
(DBN)

Obama May be Vetting Judge for SCOTUS
(DBN)

Scalia is remembered as devoted friend who attacked ideas, not people Justices, law clerks, children remember Scalia Supreme Court justices heap warmth, wit on Scalia
(DBN)

Will Dow Settlement in Wake of Scalia’s Death Lead to Other Accords?
(DBN)

Justice Antonin Scalia Admits He Wrote ‘One Of The Worst [Opinions] Ever’
(DBN)

Five potential nominees from the federal appellate bench
(DBN)

Celebrate Women’s History Month With This Fabulous Ruth Bader Ginsburg Coloring Book
(DBN)

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Wall Street:

Stock futures struggle
(DBN)

Stocks dip in afternoon trading Stocks inch higher as energy rallies
(DBN)

Fading recession fears bring out the bulls
(DBN)

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Layoffs:

Sports Authority lays off 3,400 employees
(DBN)

Tilton's firm sued over 1,200 TransCare workers' sudden firing
(DBN)

17 Disappearing Middle Class Jobs
(DBN)

National and State by State Unemployment Rates
(DBN)

Animated Map of Unemployment
(DBN)

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Agriculture:

Monsanto Cuts Forecast for 2016, Citing Economic Headwinds
(DBN)

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Distressed Investing:

The Billionaire Banker In The Shadows
(DBN)

Pimco Says It's Time to Buy Junk Bonds
(DBN)

____________

Gambling:

Tropicana to Manage Trump Taj Mahal; Icahn Chides N.J. Leaders
(DBN)

Trump Taj Mahal Re-Investment Won't Happen If Casinos Allowed In North Jersey, Billionaire Says
(DBN)

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Banking:

U.S. Banks Look Sound Despite Stocks’ Slide, Comptroller Says
(DBN)

Jamie Dimon Thinks It’s Cute That Wells Fargo Wants To Be A Big Boy Bank
(DBN)

'Banks Almost Forgot They Had Customers'
(DBN)

____________

Politics:

Republican Lawmakers Air Unease Over Donald Trump GOP Elites Frightened by Their Own Base
(DBN)

FBI Grants Ex-Clinton Staffer Immunity
(DBN)

Donald Trump: The Protector Super Tuesday: Trump victory highlights GOP's identity crisis Trump's Shock Strategy Works, Till It Backfires Donald Trump’s success is frightening: Tony Blair A Trump supporter’s ridiculous claim: the KKK is a “leftist” group One of Russia's looniest far-right ideologues endorses Donald Trump Cramer: These are losers under a Trump presidency Harry Reid: ‘Donald Trump is the Republican Party’s Frankenstein' Paul Ryan faces 'impossible conundrum' on Donald Trump Angry? That's not how Donald Trump voters see themselves. Who Are Donald Trump's Supporters, Really?
(DBN)

Cruz Fact Check: "There have been multiple media reports about (Donald Trump's) business dealings with the mob, with the mafia."
(DBN)

Like Trump's business skill? Look at Taj Mahal case
(DBN)

The unbearable agony of Chris Christie at Donald Trump’s victorious press conference New Jersey newspapers to Chris Christie: do us a favor and resign
(DBN)

Ted Cruz admits to eating hair, twerking in hilarious ‘Bad Lip Reading’ spoof
(DBN)

The Economy Is Killing Voters In Super Tuesday States. Literally.
(DBN)

Trump University: Is it a real scandal?
(DBN)

Republican congressmen refuse to honor Maya Angelou with a post office
(DBN)

Google Searches for 'How to Move to Canada' Spike After Super Tuesday Results
(DBN)

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Debt Collection:

New Laws Protect Consumers or Ease Restrictions on Creditors
(DBN)

____________

Hollywood:

Relativity’s ‘Before I Wake,’ ‘Disappointments Room’ Likely Postponed
(DBN)

____________

Corporate Reform:

DNC Chair Joins GOP Attack On Elizabeth Warren’s Agency
(DBN)

DNC Chairwoman Uses Odd Legislation To Pick Ill-Advised Fight With Elizabeth Warren
(DBN)

____________

Mining:

Joy Global swings to deeper-than-expected loss
(DBN)

____________


Economy:

ADP shows job gains accelerate in February Private Employment increased 214,000 in February
(DBN)

Treasuries Decline as Jobs Gains Boost Wagers on Fed Rate Move
(DBN)

U.S. Economy Expands With Wide Range of Wage Growth, Fed Says
(DBN)

Fed's Beige Book: "Economic activity expanded in most Districts"
(DBN)

Consumers Pace Factory Improvement
(DBN)

Will job growth push the Fed to hike again?
(DBN)

Fed’s Williams convinced U.S. economy will ‘power ahead’
(DBN)

This is the clearest sign yet the Fed is moving towards negative interest rates These are the implications of negative interest rates Former Fed Chair Alan Greenspan against using NIRP Negative Interest Rates Put Strain on the Financial System
(DBN)

ISM manufacturing index hits 49.5 in Feb; Construction spending up 1.5% in Jan
(DBN)

Investors Turn Finicky on Corporate Bonds
(DBN)

World’s Superrich Population Declines for First Time Since 2008
(DBN)

Here's why a lot of economists hate the idea of free public college
(DBN)

Sorry, Trump, America Can’t Be Great Again
(DBN)

Cruz's Tax Plan Would Add $21T to Deficit
(DBN)

US Debt Clock
(DBN

World Debt Clock
(DBN)

Economic Indicators Dashboard
(DBN)

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Real Estate:

Lease Claims: Once Again, You Snooze You Lose
(DBN)

Mortgage applications fall 4.8%, despite rate drop
(DBN)

Zillow Forecast: Expect "Modestly Slower Growth" in January for the Case-Shiller Indexes than in December
(DBN)

'Evicted' follows the harrowing, heartbreaking cases of eight families
(DBN)

Commercial Property Values Down for First Time in 5 Years
(DBN)

California Supreme Court permits foreclosure lawsuits over ownership of loans
(DBN)

Home 'flipping' exceeds peaks in some hot U.S. housing markets
(DBN)

FL: Affordable housing project sold out of bankruptcy for $11.3M
(DBN)

Get the hell out of NYC while you can
(DBN)

____________

Municipalities:

What Will Become of DPS Under Detroit Bankruptcy Judge's Oversight
(DBN)

Puerto Rico’s Pooches Jet Off to the Hamptons
(DBN)

Puerto Rico And (Very) Soft Executive Power
(DBN)

Puerto Rico: Blame and the Debt of "the Other"
(DBN)

Rhodes on agenda for DPS: I won't be just another emergency manager
(DBN)

Rhodes’ pay $18K a month to Sept. 30
(DBN)

States Losing Ability to Borrow at Record Lows as Issuance Rises
(DBN)

____________

Retailing:

Sports Authority files for bankruptcy and plans to shut or sell 140 stores Could Shut Down Without Buyer
(DBN)

Expects $595M DIP Loan
(DBN)

Bankrupt Retailer Sports Authority Teaches Private Equity A Lesson
(DBN)

First Day Dec First Day Dec 2 First Day Pleadings
(DBN)

Sports Authority Bankruptcy Part of Larger Wave
(DBN)

Sports Authority wants to honor gift cards despite chapter 11 filing
(DBN)

What Sports Authority bankruptcy means to consumers
(DBN)

Not sure Sports Authority has reason to exist - Larry Perkins
(DBN)

Sports Authority and the unwinding of traditional retail
(DBN)

Under Armour among biggest creditors Wilson owed millions by bankrupt Sports Authority Owes Nike $46M
(DBN)

Bankruptcy Lenders Put Sports Authority on Short Leash
(DBN)

Here’s the List of Sports Authority Stores on the Block
(DBN)

Brick-And-Mortar Retail Shows No Sign Of A Comeback
(DBN)

____________

Oil/Gas:

WTI crude hovers under $35 as Brent falls
(DBN)

Oil stabilizes as US output falls and stockpiles jump Oil inventories jump by 10.4 million barrels Storage Stalemate Subdues Oil Prices
(DBN)

If oil doesn’t do this, then watch for a steep fall
(DBN)

Exxon CEO: Industry mired in debt has destroyed value, “encumbered” U.S. oil resources
(DBN)

Exxon Sees No Oil-Market Rebound Any Time Soon as Glut Persists
(DBN)

Stress in energy credit market is now at record levels
(DBN)

Marc Lasry says oil price drop fuels distressed debt deals
(DBN)

Midstream Energy Companies Defend Contracts as Producers Head to Bankruptcy Court Oil crash takes heavy toll on midstream energy companies
(DBN)

The Upside of Plunging Oil Prices
(DBN)

Why OPEC will never cut production
(DBN)

$20 billion erased from Exxon's spending budget
(DBN)

Ultra Petroleum's lenders give it breathing room on maturity and interest payments Ultra Petroleum Corp Dodges Potential Bankruptcy as Subsidiary Secures Waiver Ultra Petroleum Becomes Latest High Yield Energy Issuer to Defer Bond Payment
(DBN)

In Risky Move Wall St. Backs Shale With Nearly $10 Billion In Equity
(DBN)

Aubrey McClendon killed a car crash
(DBN)

How cheap oil impacts your wallet
(DBN)

Energy outlook for 2016: Looking for a bottom
(DBN)

T. Rowe Price: Still too soon for energy debt
(DBN)

Island Offshore reaches agreement with creditors
(DBN)

Clean-up cost issues hamper energy asset sales in Canada
(DBN)

____________

Alternative Energy:

Can US solar energy survive without incentives?
(DBN)

Abengoa Converts to Chap. 11 Bankruptcy
(DBN)

Abengoa Bioenergy gets interim bankruptcy loan to pay wages
(DBN)

____________

Personal Finance:

How much debt is too much?
(DBN)

____________

Fraud:

February 2016 Ponzi Scheme Roundup
(DBN)

____________

Healthcare:

Lynn Tilton's Patriarch Is Sued by Ex-Employees of Unit
(DBN)

____________

Food/Beverage:

New York grocer Fairway’s future is on the line
(DBN)

____________

Autos:

VW CEO Knew a Year Before Scandal Broke
(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 (36 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (27 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)

______________

Discharge:

SCOTUS Ponders 'Actual Fraud' in Bankruptcy Discharge
(DBN)

Fifth Circuit Reverses Officer's Release in Chapter 11 Reorganization Plan
(DBN)

____________

Avoidance Actions:

Lack of Knowledge is No Defense: Seventh Circuit Strips Bank’s Lien on More than $300 Million in Assets
(DBN)

____________

Make-Whole:

The Saga Continues: A brief update on the EFIH First Lien Make Whole Litigation
(DBN)

____________

Currency:

Bitcoins Are Not Dollars in Bankruptcy Court Bitcoin Is “Property,” Rules California Judge in Pivotal Bitcoin Case
(DBN)

____________

Insiders:

Insider Status Travels With Claim? 9th Circuit Says No
(DBN)

____________

TBTF:

Too Big to Fail’ Critics Go Too Far on Banks
(DBN)

____________

Celebs:

Shocking revelation in 50 Cent’s ongoing bankruptcy ordeal 50 Cent Bankrupt Lies Exposed: Why 50 Is In Deep Trouble
(DBN)

Bill Cosby Claims to be Legally Blind
(DBN)

____________

Shipping:

Hellenic Carriers Looks To Leave AIM After Net Loss Widens
(DBN)

Hyundai Merchant to Cut Capital by 86% as Shipping Losses Mount
(DBN)

____________

Toll Roads:

Weighed down by debt, toll road company takes bankruptcy route
(DBN)

NC to reassess contract with toll lane builder after bankruptcy filing NCDOT reconsidering I-77 contract after Texas bankruptcy
(DBN)

I-77 toll contractor files for bankruptcy in Texas SH 130 Toll Road Operator Files for Bankruptcy Toll road developer with ties to North Texas projects files for bankruptcy Owner of southern section of Texas 130 files for bankruptcy Texas toll road files for bankruptcy as cash runs low Texas Toll-Road Operator Files for Bankruptcy
(DBN)

____________

Education:

For-profit college files bankruptcy , owes $19.5M to landlord
(DBN)

Bankrupting Higher Education
(DBN)

____________

Student Debt:

What It's Actually Worth When Companies Pay Employee Student Debt
(DBN)

____________

Sovereigns:

Hedge funds poised to make massive gains on Argentina bonds Elliott Management, Other Funds Get Big Rewards on Argentina Bonds
(DBN)

Griesa lifts injunctions: 'Argentina needs time to raise money' Argentina Nears Market Return as Bond Payment Ban Lifted
(DBN)

14 Years Later Argentina Pays Paul Singer Billions
(DBN)

'Vulture' funds ask Griesa for more time before lifting injunction
(DBN)

The Fast-Paced Growth of Emerging Market Sovereign Debt
(DBN)

Venezuela Still Screwed
(DBN)

____________

UK:

BlackRock Says ‘Brexit’ Could Trigger Sterling Crisis
(DBN)

U.K. services PMI hits lowest in almost 3 years
(DBN)

____________

PIIGS:

Novo Banco Decision Adds to Letdowns in Default-Swap Market
(DBN)

Greece Points Finger at the IMF for Holding Up Bailout Review
(DBN)

____________

Australia:

Nathan Tinkler, former billionaire, declared bankrupt The currency of Bankruptcy - the case of Nathan Tinkler Boganaire Tinkler's karmic smackdown High life, low coal price sends Australian mining baron bankrupt Nathan Tinkler’s bankruptcy filings claim he has just $2000 in his name
(DBN)

____________

MENA:

Saudi Arabia seeking international loan of up to $10 billion: report
(DBN)

How The Donald of Dubai Used Outrageous Marketing To Score A $3 Billion Real Estate Fortune
(DBN)

____________

Brazil:

Only the IMF can now save Brazil
(DBN)

Petrobras Needs Cash Injection of Up to $26 Billion, Maua Says
(DBN)

____________

Austria:

Schelling Makes Last-Ditch Heta Offer to German Bondholders
(DBN)

Austria zero-coupon bond for Heta creditors to be settled around March 18
(DBN)

Heta bond buy-back will be close call says Austrian official
(DBN)

Austria's Heta capitulation is good news for bank bonds
(DBN)

____________

China:

China's Other Growth Figure Is Flashing a Warning
(DBN)

Lenders 'detoxify' assets t Chinese banks to boost performance
(DBN)

Moody’s Cuts Credit Outlook on Chinese SOEs, Financial Firms
(DBN)

____________

India:

Bankruptcy code to help unlock unproductive capital: Yes Bank
(DBN)

____________

Netherlands:

Perry Sport bankruptcy : Suit filed against banks over unpaid wages
(DBN)

____________

Japan:

Toshiba seeks $1.8 billion loans for restructuring : sources
(DBN)

____________

Venezuela:

Despite a Populist Victory, Venezuela Is Still ‘at the Doorstep of the Abyss’
(DBN)

___________

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