May 3, 2016

The Daily Bankruptcy News

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Law:

Chadbourne Pays $35M in Stanford Ponzi Suit
(DBN)

Boies Schiller Partner's New Courtroom Foe: His Mom
(DBN)

The Newest Faces in Many Corporate Legal Departments Aren’t Practicing Lawyers
(DBN)

Linklaters lock-step debate continues
(DBN)

Bankruptcy Lawyer: Why An Unconference Makes Sense For Lawyers
(DBN)

NFL player Tom Brady adds superstar lawyer Ted Olson to his team to fight suspension
(DBN)

Loyola Chicago morphs its evening JD program into a weekend one
(DBN)

How Law Schools Game the Rankings
(DBN)

Steptoe to Close Century City Office, Move Lawyers Downtown
(DBN)

Remembering The Loss Of Lawyer That Made A Difference
(DBN)

Can you say ‘rubber stamp?’ FBI and NSA requests never denied by secret court
(DBN)

Chief of staff to L.A. sheriff resigns after 'deeply troubling' emails revealed
(DBN)

The world's top grammarian fears that this punctuation error is becoming standard English
(DBN)

BigLaw: No room for a mountain climber’s dream
(DBN)

Starbucks lawsuit alleges too much ice in cold drinks Starbucks calls it ‘essential component’ of iced drink
(DBN)

Law firm sues for libel after their sign was shown on TV show about unrelated insurance fraud probe
(DBN)

Case closed: Stolen Barrister Bear 'sleeps with the fishes,' but replica is back outside law firm
(DBN)

'Dream team' lawyer says evidence in 'nanny cam' case is reminiscent of OJ Simpson trial
(DBN)

Attorney Still Hoping To Avoid Defending His Client In Court
(DBN)

Gun owner trying to break up fight fatally shot in Texas parking lot
(DBN)

Time-Traveling Conspiracy Theorist Lawyer Running For President
(DBN)

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Judges:

Four CA BK Judges Ask For Surveys to Assess Their Performance
(DBN)

Could a Grand Peace Pact End the Supreme Court Standoff?
(DBN)

Congress Shouldn't Let Justices Make the Rules
(DBN)

Top Republican Lawyer Decries Partisan SCOTUS Confirmation Process
(DBN)

On Judging Judges
(DBN)

Poll: Supreme Court blockade eroding support for Chuck Grassley
(DBN)

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Wall Street:

Weak China manufacturing report drives Dow futures down triple digits
(DBN)

Wall St. rebounds; Nasdaq breaks seven-day losing run
(DBN)

What everyone has been getting wrong about Goldman Sachs
(DBN)

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Layoffs:

Wall Street Told to Fear the Machine as Emerging Tech Takes Jobs
(DBN)

National and State by State Unemployment Rates
(DBN)

Animated Map of Unemployment
(DBN)

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Retailing:

Why Sports Authority Is Likely to Close All 463 Stores
(DBN)

State urges residents to redeem Sports Authority gift cards
(DBN)

Dick's, Vendors Ready to Pounce on Sports Authority's Fumble Dick's Surges After Analyst Calls It ‘Only Game in Town’
(DBN)

A&G Realty Partners Retained by Sport Chalet, LLC to Manage the Sale of 50 Leases
(DBN)

Aeropostale Prepares Bankruptcy Filing Aéropostale Set to Close 100 Stores, File for Bankruptcy Protection Preparing to File for Bankruptcy This Week These Photos Support Reports of Aeropostale's Looming Bankruptcy
(DBN)

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Biotech:

Pressured by a Lender, Bind Files for Bankruptcy
(DBN)

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Politics:

Donald Trump Boasts of Foreign Policy Experience: ‘I Make Money’ How Trump's plan to save Indiana factory jobs would backfire How Donald Trump handed Hillary Clinton the "woman card" and the election Hillary Clinton will be the most-disliked nominee ever — except for Donald Trump Andrew Sullivan: 'Trump is an extinction-level event' A Senate candidate just gave a brutal preview of how Democrats are going to use Donald Trump all over the ballot Trump Fact Check: "In the history of Republican primaries, I’ve gotten the most votes in the history of the Republican party." Trump Fact Check: "Frankly, (Hillary Clinton) doesn’t do very well with women." Trump's Employees: You Don't Talk to the Boss
(DBN)

'You are the problem': Donald Trump supporters spar with Ted Cruz in heated confrontation Cruz Staffers Beginning to Panic Only a Handful of Super Donors Back Cruz
(DBN)

Hastert was Architect of Today's Dysfunction
(DBN)

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Tax:

Conservatives in Congress urge shutdown of tax-collecting IRS
(DBN)

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Alternative Energy:

Bankrupt SunEdison Appoints Chief Restructuring Officer
(DBN)

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Pensions:

Fiduciary Who Filed Bankruptcy Still Owes Retirement Plan Contributions
(DBN)

273,000 Union Workers to Get Pension Cuts
(DBN)

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Coal:

Peabody coal's contrarian scientist witnesses lose their court case
(DBN)

Clinton blames fracking for 'tragedy' in coal country Clinton Walks Back Coal Remarks After Confrontation in West Virginia
(DBN)

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Celebs:

Teresa Bankrupt? Giudice's Chapter 7 Case Reopened
(DBN)

Teresa Hopeful Malpractice Lawsuit Against Bankruptcy Lawyer 'Will Vindicate' Her
(DBN)

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Insurance:

Brooke Corp. founder still fights bankruptcy battle
(DBN)

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Metals:

Horsehead shares soar as investors get role in bankruptcy case
(DBN)

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Accounting:

Increased Audit Competition Leads to Opinion Shopping
(DBN)

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Personal Finance:

7 toxic money habits you should quit
(DBN)

15 gifts your mom actually wants this Mother's Day 3 ways to make sure you don't royally screw up this Mother's Day
(DBN)

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Gambling:

Caesars' creditors get more time to assess bankruptcy exit plan
(DBN)

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Amusement Parks:

Conneaut Lake Park trustees, tax creditors to file bankruptcy plan
(DBN)

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Bankruptcy Crimes:

USTP Issues Report to Congress on Criminal Referrals for FY 2015
(DBN)

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Economy:

ISM Manufacturing index decreased to 50.8 in April ISM Manufacturing Index Slips As Momentum Fades Survey: US manufacturing grew again in April PMI Rises in 1Q: Biggest First Quarter Demand Gain Since 2012
(DBN)

The worst-case scenario for negative rates looms: The consumer pays
(DBN)

IMF says Asian economies will account for most of global growth
(DBN)

Warren Buffett: I might consider taking money out of banks if they charge for deposits
(DBN)

Fed Expected to Drag Hedge Funds Into Plan to Halt Next Lehman New Fed Bailout Prevention Rule to Reach Beyond Banks
(DBN)

The Super Rich Were the First to Bail During the Financial Crisis
(DBN)

$12 Trillion Stolen by World's Kleptocrats
(DBN)

Even in retirement men and women are different
(DBN)

Barack Obama is a venture capitalist extraordinaire
(DBN)

Bill Gates calls for higher capital gains taxes
(DBN)

A Basic Income Should Be the Next Big Thing
(DBN)

SCOTUS Rejects Seattle Minimum Wage Suit
(DBN)

Uber is Just the Tip of the New Economy
(DBN)

Corporations: Growth Just for Sake of Growth
(DBN)

US Debt Clock
(DBN

World Debt Clock
(DBN)

Economic Indicators Dashboard
(DBN)

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Real Estate:

Voluntarily Terminating a Distressed Tenant’s Lease May Give Rise to an Avoidance Action in Bankruptcy Against the Landlord
(DBN)

US construction spending up 0.3 pct., led by home building
(DBN)

March Mortgage Monitor
(DBN)

US housing data still isn't looking too good
(DBN)

Freddie Mac May Need More Taxpayer Money
(DBN)

Texas housing inventory officially hits all-time low
(DBN)

Millennials are moving, but mortgages don’t follow Millennials are fleeing these cities because they can't afford housing
(DBN)

This map reveals which subway stations are closest to the cheapest apartments in NYC
(DBN)

Goldman Sachs $272 Million Mortgage Pact Approved By Judge
(DBN)

Winning bid emerges for Balmoral Park
(DBN)

____________

Municipalities:

Why Bankrupt San Bernardino Didn't Cut Pensions
(DBN)

Detroit teacher sick-out closes more than 90 schools Why are 100 Detroit schools closed today? Snyder says Detroit sick-out ‘not constructive’ Rhodes: Teachers face payless summer without state help DPS teachers plan 2nd sickout Tuesday
(DBN)

Rhodes denies saying $48M would cover summer pay
(DBN)

Puerto Ricans leaving island at historic rate
(DBN)

Americans Should Follow Puerto Rico into Default
(DBN)

Puerto Ricans react to island's default
(DBN)

Puerto Rico heads for imminent default
(DBN)

Time running out as Puerto Rico's default picks up steam
(DBN)

White House: Puerto Rico debt situation requires 'urgent response' Lew Urges Congress to Act on Puerto Rico to Avoid Bailout
(DBN)

Puerto Rico Warns More Defaults Are Coming
(DBN)

Miller: It’s an ongoing reality that Puerto Rico can’t pay debt
(DBN)

Puerto Rico skips bond payments, says Congress must help Puerto Rico defaults on $422 million Puerto Rico’s Financial Pain Is Only Getting Worse From Here Puerto Rico Defaulting on Hundreds of Millions in Debt Pimco's Clarida Explains Puerto Rico's Bond Default
(DBN)

Puerto Rico's Debt Crisis Turns Up the Heat on Congress
(DBN)

How to solve the Puerto Rico crisis in 1 painful step
(DBN)

COFINA deal is huge blow to dwindling appeal of Puerto Rico’s bonds
(DBN)

On Puerto Rico, Congress Once Again Fails to Do the Obvious
(DBN)

Puerto Rico's Debt Crisis Rivals That of Greece: Expert
(DBN)

Atlantic City Makes $1.8 Million Bond Payment, Averting Default Atlantic City just averted a massive disaster... for now Christie asks 'What's next?'
(DBN)

NJ Leaders Fight as Atlantic City Nears Bankruptcy
(DBN)

AC: Ciattarelli Unlikely to Vote With Prieto, Says Bankruptcy May be Best
(DBN)

One top taxpayer moved, and New Jersey shuddered
(DBN)

Judge orders Madison County to make $3M in bond payments
(DBN)

As Puerto Rico's Storm Grows, Muni Market Is Smooth Sailing
(DBN)

Illinois's Record Budget Standoff Risks Getting More Entrenched
(DBN)

____________

Defaults:

Fitch: New Filings Propel US Energy HY Default Rate to Record 13% The rate of defaults on junk energy bonds has shattered a record
(DBN)

____________

Oil/Gas:

Texas Law Firms Powering Through Energy Slump
(DBN)

Energy high-yield defaults at record high
(DBN)

This Data Shows The Shale Debt Crisis Is Hitting Record Levels
(DBN)

The Long- and Short-Term Outlook for Oil
(DBN)

Oil Producers Need `Sustained Price Signal' Before Output Boost
(DBN)

U.S. shale oil still facing pressure
(DBN)

A Trip through an Oil and Gas Bankruptcy – In Only Seventeen Days
(DBN)

Oil Prices Down on Bearish OPEC Data
(DBN)

Do Saudis Know Something About Oil We Don't
(DBN)

How Can Feds Help Oil , Gas Industry? Stay Out Of It, Insiders Say
(DBN)

Losses of oil & gas companies mount up, US drillers down almost $70 billion
(DBN)

Moody's downgrades Ultra Petroleum's probability of default rating to D-PD on bankruptcy filing
(DBN)

This Is What Baker Hughes Will Do With Its Halliburton Break-Up Fee Baker Hughes Lays Out Cost Cuts, Buybacks After Halliburton Deal Dies Halliburton Loss Grows as It Takes Baker Hughes Deal Charges
(DBN)

Halliburton, Baker Hughes Scuttle $28 Billion Deal — Who Gets the Blame? It's Not Just The Government: Another Reason Oil Deals Like Halliburton-Baker Hughes Won't Happen
(DBN)

Two More Oil Companies Enter Chapter 11
(DBN)

A Double Whammy For CorEnergy, Now What? CorEnergy Responds to UPL Chapter 11 Filing
(DBN)

Lightstream Has 90 Days to Avoid Default as Borrowing Base Cut
(DBN)

Anadarko Petroleum reports $1 billion loss
(DBN)

BP turns to technology after job cuts
(DBN)

Energy expenditures as a percentage of PCE hit another All Time Low in March
(DBN)

Brazil Said to Be Biggest Creditor in Planned Oil -Rig Bankruptcy
(DBN)

Hercules amends deal with creditors but faces default from shipbuilder
(DBN)

Penn Virginia tells SEC a bankruptcy filing is 'highly likely'
(DBN)

Low Oil Prices? Texas Is Doing Just Fine
(DBN)

____________

Directories:

Dex Media Reaches Deal With Lenders for Third Bankruptcy Filing
(DBN)

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New Bankruptcy Opinions
(7 new opinions today - DBN)

Bankruptcy Court Web/Pacer Site Directory

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

Recent Ch. 11 Filings (58 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)

______________

Bankruptcy Statistics:

Rochester: Bankruptcy filings fall in region
(DBN)

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Miscellaneous:

Coming and Going Concerns
(DBN)

____________

Bankruptcy Forms:

Bankruptcy Forms Invite New Questions Nationwide
(DBN)

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Avoidance Actions:

Making the Safe Harbors Safe Again
(DBN)

____________

Mediation:

What Can We Learn From a Mediation That Achieves $8 Billion in Cash Settlements From a Distressed Debtor?
(DBN)

____________

Jurisdiction:

Ninth Circuit Reminds Us of Limits to Bankruptcy Jurisdiction
(DBN)

____________

Student Debt:

The (Bigger Than We Realized) Role Race Plays in College Debt
(DBN)

Grieving family hit with unbelievable bill for ‘forgiven’ student loans after artist’s tragic death
(DBN)

Millennials regret their student loans
(DBN)

____________

Electricity:

Energy Future Holdings files new bankruptcy reorganization plan
(DBN)

Hunt’s bid to buy Texas’ biggest utility now hangs on a legal technicality
(DBN)

____________

Healthcare:

Raleigh's NephroGenex files for Chapter 11 bankruptcy NephroGenex, Inc. Commences Voluntary Chapter 11 Proceeding; Seeks To Initiate Sale Process Under Section 363
(DBN)

Theranos sent a team of high-profile lawyers to the Wall Street Journal to stop its bombshell story
(DBN)

Greenberg Traurig Sued Over $2M In Pay From Bankrupt Firm
(DBN)

____________

Banking:

Sad Credit Suisse Bankers Dreamed Of Day Wells Fargo Would Come Rescue Them
(DBN)

____________

Food/Beverage:

Fairway Group files for bankruptcy protection Fairway Group Files for Bankruptcy as Competition Revs Up New York's Fairway Supermarket Files for Bankruptcy First Day Dec Disclosure Statement
(DBN)

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Movies:

Gateway Entertainment Studios seeks bankruptcy protection
(DBN)

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Shipping:

Hanjin Shipping needs $1 bn to keep afloat over next two years: report
(DBN)

Teetering Hanjin Shipping Seeks Help From Chartered Fleet Owners
(DBN)

Cash-strapped Hanjin Heavy to receive additional aid
(DBN)

Creditor calls for Samsung Heavy's self-rescue plan
(DBN)

____________

Radio:

iHeart Offers Mediation To Angry Creditors Ahead Of May 16 Court Date
(DBN)

____________

Sovereigns:

American vulture funds feed on Argentina’s debt crisis
(DBN)

Argentine needs US$ 37bn to address the budget deficit and foreign debt payments
(DBN)

____________

UK:

Bank of England busy preparing for Brexit vote
(DBN)

Bonus Watch ’16: 83% Of London’s Junior Bankers Are Good And Miffed
(DBN)

Select committee chairman attacks Sir Philip Green ahead of BHS probe
(DBN)

Struggling businesses trigger a spike in trade credit claims
(DBN)

Begbies Traynor hop onto ex-Socceroo skipper bankruptcy
(DBN)

____________

EU:

EU Sees Weaker Growth in Eurozone and Wider EU as China Slowdown Weighs
(DBN)

____________

PIIGS:

Greece, Creditors Talks to Resume, But Deal on May 9 Eurogroup Unlikely Government kicks into high gear ahead of May 9 Eurogroup Greece and creditors in gridlock. Again.
(DBN)

Abengoa to carry out cost cuts affecting 10 pct of jobs in Spain
(DBN)

____________

Canada:

Judge shuts down U.S. Steel request to shorten bankruptcy protection
(DBN)

Canada’s Scotiabank to Book About C$275 Million Restructuring Charge
(DBN)

Bankruptcy on the rise in BC
(DBN)

____________

MENA:

Saudi Binladin Group to Lay Off 50,000 as Low Oil Prices Bite
(DBN)

Climate Exodus Expected for Middle East and North Africa
(DBN)

____________

China:

What would happen if China crashes?
(DBN)

Sudden SOE privatisation shocks China creditors
(DBN)

Yingli Slumps After Solar Company Warns of Bankruptcy Risk
(DBN)

IMF Says China's Corporate Debt Levels Are Worrisome
(DBN)

____________

India:

Vijay Mallya, 'King of Good Times', dethroned by debt
(DBN)

Govt pushes for passage of Bankruptcy code this week
(DBN)

New bankruptcy code to be a game-changer
(DBN)

____________

Bahamas:

Izmirlian Deserves A Second Chance With Baha Mar
(DBN)

____________

China:

China's Caixin manufacturing PMI slips again
(DBN)

____________

Brazil:

Corporate Brazil faces cash risks through 2017 -Moody's
(DBN)

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