March 30, 2016

The Daily Bankruptcy News

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Law:

Hackers Breach Law Firms, Including Cravath, Weil Gotshal Hackers breach computer networks of some big US law firms Law Firms Cravath Swaine & Moore, Weil Gotshal & Manges, Among Others, Hacked: Report
(DBN)

Some law firms use ‘Moneyball’ approach to assess lateral hiring
(DBN)

The Fall Of Systemic Deception At Law Schools
(DBN)

Nelson Mullins Taps Jason Gold as Bankruptcy, Financial Restructuring Practice Chair
(DBN)

Hahn & Hessen Adds Claims Trading and Distressed Investment Depth
(DBN)

Law Firms Using Statistics to Scout Lateral Partners How to Hire a Home-Run Lateral? Look at Their Stats
(DBN)

Law Firm Mergers Don't Benefit Clients, Report Finds
(DBN)

The woman unmaking America’s most famous murderer
(DBN)

SEC brief supports fired in-house lawyer’s suit against Vanguard, says he qualifies as whistleblower
(DBN)

What’s Possible: How To Get Business In 30 Seconds Or Less (Give Or Take Two Years)
(DBN)

New Haven: Bankruptcy Attorney Gives Up
(DBN)

North Carolina attorney general refuses to defend anti-LGBT law, calling it a 'national embarrassment'
(DBN)

Prison a ‘blessing in disguise’ for jailhouse lawyer who got a new trial and a paralegal job
(DBN)

The Divide at the Heart of Legal Tech
(DBN)

ATL March Madness: The Final Four Law School Scandals
(DBN)

‘Professor A--- B----’ Lisa McElroy Jumps Into March Madness Personally!
(DBN)

Young Public Interest Lawyer Killed During Brussels Attacks
(DBN)

FBI iPhone solution may not necessarily crack other cases
(DBN)

DAs Rarely Pay for Their Misconduct
(DBN)

How Being Busy Makes You Unproductive
(DBN)

______________

Judges:

Split SCOTUS rejects challenge to union fees Scalia’s Absence Felt in Win for Public-Sector Unions in Fee Case
(DBN)

Supreme Court Struggles to Deal With Split
(DBN)

Since 1900, six SCOTUS justices have been confirmed during election years
(DBN)

Sen. Kirk Blasts Leaders Over Garland
(DBN)

Supreme Court rejects challenge to SEC's internal judicial process
(DBN)

Court Scams Affect Citizens Nationwide
(DBN)

Man admits to Facebook threats against federal judge, agrees to 366-day prison term
(DBN)

Lawyer who filed late appeal showed ‘obstinate incompetence,’ Kozinski says
(DBN)

Posner says Bluebook is ‘560 pages of rubbish,’ suggests changes to improve jury trials
(DBN)

Justice Sotomayor Shaking Up Post-Scalia Oral Arguments
(DBN)

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Wall Street:

Yellen Spurs Global Stock Rally as Oil Rebounds, Dollar Tumbles
(DBN)

Stock market upshifts as Yellen stresses gradual pace of rate hikes Dow, S&P close at 2016 highs after Yellen speaks
(DBN)

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Layoffs:

Boeing cutting thousands of jobs More than 4500 jobs
(DBN)

Oil bust claims another 1,100 jobs across Texas
(DBN)

BP to Lay Off 500 Workers in Houston
(DBN)

Miners given notices as concerns grow over job security
(DBN)

State Street official pegs staff reduction at 7,000 workers
(DBN)

National and State by State Unemployment Rates
(DBN)

Animated Map of Unemployment
(DBN)

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Politics:

Donald Trump's biggest business blunders What Donald Trump's Four Bankruptcies Say About the Deal Maker Donald Trump Is Like The Guy In Your Office Who Doesn’t Understand Tech Donald Trump is scrambling to prepare for the chaos of a contested GOP convention On trade, Donald Trump could borrow from Reagan playbook Trump campaign manager arrested, charged with battery An Embarrassing President Trump Might be Good for America Trump: Female Reporter was a Threat to Me
(DBN)

CEO: What Hillary gets wrong on wages
(DBN)

The Modern GOP vs. Single Women
(DBN)

Why Doesn't Cruz Sue the National Enquirer?
(DBN)

Judge: Clinton Email Setup May be Bad Faith Washington Post Corrects Number of FBI Agents Investigating Hillary Clinton's Emails
(DBN)

Disbarred Birther Attorney Says He Has Records From "DC Madam" Escort Service Case That Could Change 2016 Election
(DBN)

____________

Personal Finance:

How to golf like a millionaire
(DBN)

____________

Mining:

Molycorp Defeats Effort to Delay Chapter 11 Exit Plan Hearings
(DBN)

____________

Coal:

Alpha Seeks to Sever Labor Agreement, Cut Retiree Benefits
(DBN)

Arch Executives Got Over $8 Million in Bonuses the Day Before Bankruptcy
(DBN)

Arch Coal extends period to file reorganization plan
(DBN)

Coal power glut puts $US1 trillion of investment at risk: report
(DBN)

____________

Mass Torts:

Federal judge agrees to stay RICO cases against asbestos plaintiffs firms
(DBN)

Former N.Y. Assembly Speaker Sheldon Silver Disbarred
(DBN)

____________

Celebs:

Jilted Florida lottery winner files for bankruptcy
(DBN)

Former teen idol David Cassidy gives up driver's license until 2021
(DBN)

____________

Debt Collection:

Justices Grapple With Debt-Collection Tactics
(DBN)

Debt collection complaints outstrip those of mortgages -U.S. consumer bureau
(DBN)

____________

Healthcare:

Nuo Therapeutics Provides Update on Chapter 11 Bankruptcy Process and Proposed Plan of Reorganization
(DBN)

Bankruptcy judge approves HDL liquidation plan
(DBN)

Suburban hospitals blame their big city cousins for money woes
(DBN)

Care New England CEO: Memorial Hospital faces bankruptcy without changes
(DBN)

Bankrupt Hixson nursing home operators paid themselves, family members $1 million in 2015
(DBN)

New Jersey Hospital: No More Painkillers
(DBN)

Obamacare Patients Sicker Than Expected
(DBN)

FBI: Hospice Owner Overdosed Patients
(DBN)

____________


Economy:

Yellen says caution on rate hikes is justified Yellen pushes back at hawks Yellen: Fed should proceed with caution on future interest rate hikes Yellen Says What Markets Want to Hear
(DBN)

A rebounding stock market helps lift US consumer confidence
(DBN)

US Lost 5 Million Factory Jobs Since 2000
(DBN)

Another Sign a Recession is on the Way
(DBN)

Why Do Americans Feel So Miserable?
(DBN)

Global elderly population expected to more than double by 2050
(DBN)

ATA Trucking Index increased 7.2% in February
(DBN)

How Millennials and Low-Income Consumers Are Propping Up the U.S. Economy
(DBN)

Making an Uberized Economy Work in US
(DBN)

10 US cities where recent college grads can make a living
(DBN)

San Francisco Can Afford a $15 Minimum Wage. Mariposa Cannot. California's proposed $15 minimum wage could cost a lot of people their jobs
(DBN)

NAFTA Saved Autoworkers Jobs?
(DBN)

US Debt Clock
(DBN

World Debt Clock
(DBN)

Economic Indicators Dashboard
(DBN)

______________

Real Estate:

Case-Shiller home prices rise more than expected Real Prices and Price-to-Rent Ratio in January Home Prices in 20 U.S. Cities Kept Climbing in January
(DBN)

Bubble-era home buyers jumped at rising prices; today, they’re turned off
(DBN)

The housing supply crisis isn't bad news for everyone
(DBN)

Auction of the Plaza Hotel Canceled, Report Says
(DBN)

Funds Blame Wells Fargo for Bad-Loan Losses
(DBN)

Vacant Home Falls on Man in Cadillac
(DBN)

____________

Municipalities:

Puerto Rico Debt Crises: How Effective is the Crises Draft Bill?
(DBN)

Democrats Reject GOP Plan for Puerto Rico Control Board
(DBN)

U.S. Republicans see bankruptcy rules framing Puerto Rico rescue House Republicans Unveil Puerto Rico Lifeline No One Likes Draft of Puerto Rico Rescue Bill Latest Plan to Rescue Puerto Rico Is Met With Disdain on Island Tough road ahead for Puerto Rico debt bill Congress's Puerto Rico Rescue Plan Will Tick Off Creditors
(DBN)

Puerto Rico Bill Won't Shield GOs, Congressional Aide Says
(DBN)

No Losses for Puerto Rico General Obligation Debt Seen by Height
(DBN)

Puerto Rico -- A Politician Made Disaster In Need Of Structural Reform
(DBN)

Puerto Rico Creditors Are Said to Unite for Counterproposal
(DBN)

13 Detroit School Principals Charged in Vendor Kickback Scheme Detroit Schools to Get Stopgap Aid, More Corruption Alleged Detroit Teacher: $1 Million In Bribes Is Only ‘A Little Bit Unethical’
(DBN)

Gov. Snyder signs bill with stopgap DPS funding
(DBN)

Students slow Michigan highway traffic to protest emergency manager law
(DBN)

Adelanto: The Desert Town Turning From Prisons to Pot to Save Itself From Bankruptcy
(DBN)

Bankruptcy judge could order Atlantic City to rip up union contracts Christie, Prieto in high-stakes stare down as clock ticks on Atlantic City Why is Gov. Christie failing to help Atlantic City?
(DBN)

San Bernardino bankruptcy reaches milestone Pension obligation bondholders to get 40%
(DBN)

____________

Alternative Energy:

Shadows Grow Over SunEdison TerraForm Global's Latest Disclosures Have Been Causing Further Panic Among SunEdison Investors - And For Good Reason SunEdison's stock plunges after TerraForm warns of bankruptcy risk SunEdison's Shoddy Disclosures Become Target Of SEC Probe As Bankruptcy Looms TerraForm Global Expects SunEdison's Imminent Bankruptcy To Have Material Adverse Effects On Its Business SunEdison Inching Closer to Bankruptcy , TerraForm Global Says SunEdison 'On Life Support' After TerraForm Yieldco Bubble Blast What Would TerraForm Global Be Worth If SunEdison Filed For Bankruptcy Protection?
(DBN)

Is the solar industry sizzling out?
(DBN)

Study: Home values increase when solar panels get installed
(DBN)

____________

Fraud:

Private-equity exec charged with fraud
(DBN)

Former Madoff Aides Claim Race-Baiting in Conviction Appeal Madoff Aides Ask For Conviction To Be Overturned Because Prosecutor Made A Movie Reference 'Madoff Five' Appeals Judges Blast Prosecutor's Rhetoric
(DBN)

____________

Oil/Gas:

Preparing for a Joint Venture Partner’s Bankruptcy
(DBN)

Akin Gump Heavily Involved In Energy Restructuring Surge
(DBN)

Yellen: Another oil price drop could spill over into global economy
(DBN)

Oil Explorers Face Challenge to Secure Financing as Oil Prices Fall
(DBN)

Short sellers are betting energy pain isn't over
(DBN)

Which Energy Companies Are Most At Risk From The Spring Redetermination?
(DBN)

Oil, copper at risk of 25% slump on ‘rush for the exits’: Barclays
(DBN)

Linn Energy: Time To Sell Or Exchange The Units
(DBN)

Seadrill Said to Line Up Houlihan, Morgan Stanley for Debt Talks
(DBN)

Emerald Oil Proposes to Sell Assets through Chapter 11 Proceedings
(DBN)

Westmount Energy Loss Widens Amid Rough Oil And Gas Market
(DBN)

Creative Destruction Hits The Energy Industry
(DBN)

Norway Unemployment Jumps to Decade High Amid Oil Plunge
(DBN)

China Oil Giants Take Spending Cuts Deeper as Profits Shrink
(DBN)

Has oil price slump sent North Sea sector into terminal decline?
(DBN)

____________

Food/Beverage:

Parent company of Roscoe's House of Chicken and Waffles files for bankruptcy protection Roscoe's fans in shock Parent of LA chicken and waffle chain files Ch 11 Calm down, Roscoe's isn't closing because it's in bankruptcy
(DBN)

Judge approves sale of Haggen to Albertsons
(DBN)

Here's how much caffeine is actually in the drinks from your favorite chains
(DBN)

____________

Taxis:

Uber business model loses some of its sheen
(DBN)

Even Uber Can't Live Up to the Expectations It Set
(DBN)

____________

Student Debt:

Shaffer: It’s time to OK student loan forgiveness
(DBN)

____________

Newspapers:

Judge to review Freedom sale today
(DBN)

____________

Steel:

Essar Steel seeks loan recast under CDR scheme
(DBN)

____________

Radio:

Paul Singer was ready to profit off iHeart demise: lawsuit
(DBN)

____________

Tax:

Owe Back Taxes? Lose Your Passport
(DBN)

____________

 


New Bankruptcy Opinions
(11 new opinions today - DBN)

Bankruptcy Court Web/Pacer Site Directory

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

Recent Ch. 11 Filings (32 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (9 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)

______________

Finance:

The Southern District of New York’s Norske Skog Decision: What Constitutes A Refinancing May Be In The Eye of The Beholder
(DBN)

____________

Avoidance Actions:

Court again dismisses creditors' case from Tribune Co bankruptcy
(DBN)

Second Circuit Holds that State Law Constructive Fraudulent Transfer Claims Brought By Individual Creditors are Preempted under Section 546(e) of the Bankruptcy Code
(DBN)

Second Circuit Holds Safe Harbor Defense Bars Creditors’ State Law Fraudulent Transfer Claims
(DBN)

Defendants win latest fight in the safe harbor wars
(DBN)

Best Practices For Landlords After Quick Lube
(DBN)

____________

Non-Debtor Stay:

Seventh Circuit Rules on Authority to Temporarily Stay Non-Debtor Litigation
(DBN)

____________

DIP Finance:

A Key for Getting Debtor-in-Possession Financing
(DBN)

____________

Cross-Border:

Spain's Abengoa Files for Chapter 15 Bankruptcy in US
(DBN)

____________

Personal Bankruptcy:

Updated Means Test Information for Cases Filed on and After April 1, 2016
(DBN)

____________

Miscellaneous:

2016 March Madness: Weil Bankruptcy Blog’s Championship Round
(DBN)

____________

Professional Compensation:

Another Alternative Fee Arrangement Bites the Dust
(DBN)

Compensation For Lawyers: A Proposal From Posner
(DBN)

____________

Autos:

FTC sues Volkswagen over 'deceptive' diesel claims
(DBN)

VW could scrap dividends to save money
(DBN)

____________

Pharma:

Valeant's Big Shock is Not Over as Bankruptcy Looms
(DBN)

MannKind Is On Its Way To Bankruptcy - Are Executives Jumping This Sinking Ship?
(DBN)

____________

Waste:

Scraps of once-thriving local firm sent to Delaware bankruptcy
(DBN)

____________

Aviation:

Delta pilots seeking 40% pay hikes
(DBN)

____________

Retailing:

What Sports Authority and Dick's Sporting Goods Indicate about the State of the Retail Industry
(DBN)

Comeback Kid? JC Penney Continues To Soar
(DBN)

Macy's Fight For Survival As Store Productivity Declines
(DBN)

Destination Maternity to Close 30 Stores
(DBN)

____________

Shipping:

Lessons Learned from the O.W.Bunker Saga: A UAE perspective
(DBN)

____________

Sovereigns:

Argentina prepares return to market Will Argentina Find Enough Buyers for All That New Debt?
(DBN)

How one hedge fund made $2 billion from Argentina’s economic collapse
(DBN)

NY Hedge Funds On Alert After Gov't Steps In To Side With Argentina
(DBN)

How a Country Can Become Insolvent
(DBN)

____________

UK:

New Bankruptcy Bill de-clutters insolvency process
(DBN)

Move over Mary Portas, CVAs are the real savior of the High Street
(DBN)

Debt-ridden NHS trusts face £600m in fines this year
(DBN)

Tata's Port Talbot Steel Plant Was Bankrupted By The Hippies
(DBN)

____________

PIIGS:

Spain's Abengoa in US Chapter 15 bankruptcy
(DBN)

Greece Needs Measures Worth €5.5 Billion to Complete Bailout
(DBN)

Why Greeks are ditching the euro for digital barter systems
(DBN)

What Will A $15 Minimum Wage Do To California? Take A Look At Greece
(DBN)

Greece to probe debt racked up by former ruling parties
(DBN)

____________

Canada:

Canadian Household Debt Is Worrisome: Fitch's McCormack
(DBN)

____________

China:

Slowing in China: Not Just Economy but Political Resolve
(DBN)

Lessons From The Aluminum Industry: The Hidden Cost Of China's Cheap Solar
(DBN)

China's Large Banks Wary on Li Keqiang's Plan for Bad Loans
(DBN)

China overcapacity darkens Asia's 2016 growth prospects
(DBN)

China Baoding Tianwei Group defaults on 1 bln yuan private placement note
(DBN)

Chinese Authorities Trying to Avoid Credit Crunch
(DBN)

____________

MENA:

Move by UAE banks on SME debt worries should be a starting point
(DBN)

____________

Bahamas:

Baha Mar Bidders Barred From Talking To Sarkis And CCA
(DBN)

____________

India:

Distressed India Lures Private Equity
(DBN)

Founder of now-defunct Kingfisher Airlines offers to pay back some of $1.76 billion debt
(DBN)

____________

South Korea:

Bank of Korea Warns Economic Growth Is Poised to Drop Below 3%
(DBN)

___________

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