October 24, 2016

The Daily Bankruptcy News

View prior editions: Click Here
View prior case summaries: Click Here
Search prior headlines: Click Here
Search prior case summaries: Click Here

Format For Mobile Device



Law:

Cleary Gottlieb silent over claims it bills clients for students’ work
(DBN)

Cooperator in Dewey Case Admits to Lesser Charge
(DBN)

Restructuring lawyer Rachel Albanese joins DLA Piper in New York
(DBN)

Bankruptcy court judge rejects DocuSign signatures as authentic sources, sanctions attorney
(DBN)

How can law firms remove barriers to women in the profession?
(DBN)

Comedy Sets the Stage for Female Attorneys to Bring Business to Duane Morris
(DBN)

Note to Law Firm Bullies: Your Managing Partner is Afraid of You
(DBN)

Record revenues but uneven growth in the United Kingdom
(DBN)

State Of The Texas Market
(DBN)

As machine learning is the future, law firms should begin to explore its potential
(DBN)

Legal ed council approves stricter standard for bar passage rates amidst diversity concerns
(DBN)

Reinventing Professionals: ‘These big honking e-discovery platforms are going the way of extinction’
(DBN)

Why Are Global Firms Less Profitable?
(DBN)

Looks Matter In Litigation
(DBN)

NYC Bar Report Reveals Minorities Have A 60% Higher Attrition Rate; Asian Attorneys Leaving At An Alarming Rate
(DBN)

How To Talk About Legal Fees With Clients
(DBN)

9 simple ways to start a conversation with strangers at awkward networking events
(DBN)

New Disclosures in Murder Of FSU Professor Dan Markel Raise New Questions About Adelson Family
(DBN)

Penetrating the Police Brotherhood
(DBN)

Pentagon Demands Soldiers Repay Enlistment Bonuses After Service: Report
(DBN)

Woman jailed 96 days without hearing or lawyer can’t sue after charge is tossed, federal judge rules
(DBN)

Judge to Rule on Sentence for Former Pennsylvania Attorney General Kathleen Kane
(DBN)

Christie Aide in Bridge-Plot Trial Recalls Violent Acts by Governor
(DBN)

#TrumpCaseNotes: Donald Trump Explains Famous Legal Cases
(DBN)

Clowns in this county can be fined up to $150
(DBN)

Appearing happy on social media is increasingly being used against people in court
(DBN)

______________

Judges:

As time marches on, so does Bankruptcy Judge John Laney
(DBN)

Justice Thomas fans create website dedicated to his originalist jurisprudence
(DBN)

Ginsburg gets opera role, and it’s not a cameo appearance Though Not the Diva, Justice Ginsburg Snags Juicy Part in Opera
(DBN)

Justice Souter Knows How America Will Collapse
(DBN)

Instead Of Televising Supreme Court Oral Arguments, Justice Samuel Alito Wants Dogs To Reenact Them
(DBN)

Is the Supreme Court counting on getting a ninth justice in January?
(DBN)

Why doesn’t Clarence Thomas get his due? He’s a black man who challenged liberal orthodoxy.
(DBN)

Flake says it might be Garland time
(DBN)

Judge Convicted For Attempting to Bribe Federal Officer With Two Cases of Bud Light
(DBN)

______________

Wall Street:

Global Stocks Up Ahead of Data
(DBN)

US Stocks Close Mostly Lower; Eke out Gain for the Week
(DBN)

______________

Layoffs:

Fired Worker’s Entire Severance Claim Given Priority in Delaware by Judge Carey
(DBN)

Bombardier to Fire Another 7,500
(DBN)

Ex-TransCare Workers Get Class Cert. In Suit Over Layoffs
(DBN)

Wall Street Journal Offers Buyout Option to All News Employees
(DBN)

Hanjin Dumps Half of Workers
(DBN)

Boeing warns 180 employees of pending layoffs
(DBN)

BLS: Unemployment Rates stable in 42 states in September
(DBN)

America's biggest banks are closing hundreds of branches
(DBN)

"The Structural Factors Behind the Steady Fall in Labor Force Participation Rates of Prime Age Workers" "Labor force participation: what has happened since the peak?"
(DBN)

National and State by State Unemployment Rates
(DBN)

Animated Map of Unemployment
(DBN)

______________

Celebs:

Lindsay Lohan six months behind on her rent for London apartment
(DBN)

Judge to Dismiss Christian Laettner's Involuntary Bankruptcy Case
(DBN)

10 money lessons from professional athletes worth millions
(DBN)

Gawker founder Nick Denton lists his Soho condo for $4.25M - A judge wouldn’t let Denton rent the place, so now it’s up for sale The Modern New York Loft of Nick Denton
(DBN)

____________

Retailing:

Dick's Sporting Goods wins auction for bankrupt Golfsmith Dick's Sporting Goods Reportedly Wins Golfsmith Bankruptcy Auction
(DBN)

Mall Investors Are Set to Lose Billions as America's Retail Gloom Deepens
(DBN)

KKR reaps reward from going it alone
(DBN)

____________

Healthcare:

West County Healthcare District files bankruptcy
(DBN)

Here's why lawyers get a better deal than doctors in Hutcheson's bankruptcy
(DBN)

Objection filed to portion of Go Ye reorganization
(DBN)

____________

Banking:

Perhaps We Shouldn't Fine The Banks Into Bankruptcy Just After We Saved Them All?
(DBN)

NCUA reveals it paid $1 billion to lawyers in fight to recover credit union crisis losses
(DBN)

____________

Food/Beverage:

Dallas: Competition, debt push Sigel's Beverage to file for bankruptcy 111-year-old Dallas chain, filed for bankruptcy
(DBN)

Rojo Mexican Bistro, affiliates file for Chapter 11 reorganization
(DBN)

Restaurant Earnings: Business Is Tough, In 6 Charts
(DBN)

____________

Environmental:

Jurors being called, but WV water crisis settlement still possible
(DBN)

____________


Economy:

Fannie Mae: Economic growth to slow down remainder of 2016
(DBN)

Fed Nowcast: 2.2% for 2016:Q3 and 1.4% for 2016:Q4.
(DBN)

Q3 GDP Forecasts
(DBN)

Subprime Credit Card Surge Pushing Up Missed Payments
(DBN)

US Corporate Debt Is at Major Risk
(DBN)

Learning to Prosper in a Factory Town
(DBN)

Black Workers See Fastest Wage Growth in More Than 15 Years
(DBN)

Americans Work 25% More Than Europeans
(DBN)

Bank Card Default Rate Drops to Seven Month Low
(DBN)

Class 8 Big Rig Truck Sales Down 29%
(DBN)

Vehicle Sales Forecasts: Sales Over 17 Million SAAR Again in October
(DBN)

This Is How Far U.S. Sales Are Expected to Drop
(DBN)

New York Just Cracked Down on Airbnb With a New Law With SF Lawsuit and NYC Bill, Tensions With Airbnb Are Coming to a Boil
(DBN)

An 'absolutely unthinkable' post-Recession policy is rewriting economics textbooks
(DBN)

Marc Faber drops the doom, says commodity prices will rise, oil to hit $70 soon
(DBN)

Investors' New Message to Global Governments: Spend More
(DBN)

US Debt Clock
(DBN

World Debt Clock
(DBN)

Economic Indicators Dashboard
(DBN)

______________

Real Estate:

Returns on single-family rentals drop to lowest level in 9 years
(DBN)

These Two Law Firms Made $1 Billion From Mortgage-Crisis Litigation
(DBN)

Mall investors are about to feel the impact of online shopping
(DBN)

Owners of bankrupt Naval Hospital project want to sell parts of property
(DBN)

Feds to Sue Moody's Over Mortgage Ratings
(DBN)

New owner, fresh start for failed Magnolia deal in upper Charleston
(DBN)

____________

Municipalities:

Equitable Mootness In The Municipal Bankruptcy Context
(DBN)

Puerto Rico oversight board wants lawsuits to remain frozen
(DBN)

Rough Road Ahead for Detroit?
(DBN)

Wayne County exits consent agreement over finances
(DBN)

Atlantic City Showdown Looms Over Finances
(DBN)

The cost of Rauner's loose bankruptcy talk
(DBN)

Three commission seats contested in financially troubled Opa-locka
(DBN)

IL: Clash over limited cash
(DBN)

____________

Oil/Gas:

Key Energy Files In DE First Day Dec
(DBN)

U.S. oil and gas rig count up again; Permian booms
(DBN)

The outlook for U.S. energy companies looks brighter ahead of earnings
(DBN)

Bankruptcy Bust: How Zombie Companies Are Killing the Oil Rally
(DBN)

Untapped Energy Wells Stand Ready
(DBN)

Houston's Oil Industry Eyes Recovery, Job Creation
(DBN)

Baker Hughes: US Drillers Extend Rig Recovery With Oil Over $50/Bbl
(DBN)

Energy Producers Edge Closer to Tapping 'Drilled but Uncompleted' Wells
(DBN)

Stone Energy moves toward Chapter 11 bankruptcy filing Stone Energy's stock plunges as RSA agreement contemplates bankruptcy
(DBN)

Midstates Petroleum Emerges From Bankruptcy
(DBN)

CorEnergy agrees to mediation in Ultra Petroleum bankruptcy process
(DBN)

Oil holds near $50 as investors weigh production agreement
(DBN)

Iraq Balks at Joining OPEC Cuts, Making Oil Output Deal Harder Iraq should be exempted from OPEC oil output freeze - minister Iran's oil industry needs $200bn in 5 years, says minister
(DBN)

Tidewater Receives Limited Waiver Extensions from its Lenders and Noteholders Tidewater - Investors Now Need To Prepare For Bankruptcy Within Short Notice
(DBN)

 

____________

Politics:

Small business advisers for Trump have suffered bankruptcies and dodged taxes Trump: I'm Suing Everyone Trump Isn't Going To Sue His Assault Accusers, and Here's Why Prominent First Amendment Attorneys Offer to Defend Trump Accusers for Free Trump attorneys seek to bar his campaign comments at trial Is Trump Right to Compare U.S. Growth to China and India? Trump: My First 100 Days Blowback When You Oppose Trump Online The Moment that Donald Trump's Downward Spiral Began Trump Will Go Away, but Not the Anger Trump Retaliated When Hayek Said No SNL's Alec Baldwin Once Again Skewers Donald Trump—With His Own Words Eleventh Woman Accuses Trump Trump Hotels Drop Name for New Hotels Why 'Make America Great Again' Is An Offensive Slogan Donald Trump Endorsement Withheld by Gay Republican PAC Here's How Hard It Would Be for Donald Trump to Challenge Election Results Escalating Tensions, Obama Questions Trump’s Decency
(DBN)

Hillary Created This Mess and She Knows It Hillary Clinton’s Email Scandal and e-Discovery New Poll Finds Hillary Clinton Leading Donald Trump by 12 Points How Close is Hillary in Texas? Clinton Emails: Politics of Climate Change Wikileaks Destroys Left's Affair with Hillary State Releases More Clinton Emails Arkansas Spells Trouble for Hillary Clinton Campaign Ponders 'What If' Trump Doesn't Concede Wikileaks: Top Clinton Aides Detail “Expensive Gifts” and Unethical Deals By Clintons Through Their Foundation Clinton Ally Aided Campaign of FBI Official's Wife Clinton calls Trump a 'sore loser,' compares him to dictator Hillary Clinton Says Her Tax Plans Won’t Diminish Growth. Experts Say Otherwise Hillary Clinton Says Her Tax Plans Won’t Diminish Growth. Experts Say Otherwise
(DBN)

When America's Elections Were Rigged
(DBN)

Yes, American Democracy Could Break Down Half of Republicans Won't Accept Clinton Win GOP Chair Vows ‘Reasonable’ Response to Vote Results
(DBN)

The Long Decline of the GOP Establishment
(DBN)

The Democrats’ bad map: It’s not just gerrymandering
(DBN)

A Tale of Two Lunches: Richard Branson Weighs In on Clinton and Trump Richard Branson: Donald Trump told me he wanted 'to spend the rest of his life' getting revenge
(DBN)

West Virginia candidate for governor owes millions in taxes
(DBN)

Unemployment Fell in Nine of 12 Swing States From a Year Ago
(DBN)

____________

Student Debt:

New Jersey Lawmakers Vote to Forgive Dead Students’ Loans
(DBN)

____________

Chemicals:

Blavatnik Says $22 Billion LyondellBasell Merger Was Worth It Len Blavatnik Defends Boom-Era Merger of LyondellBasell - Creditors are suing billionaire for $1.5 billion over 2007 merger
(DBN)

____________

Gambling:

Icahn closer to losing Taj Mahal casino license after N.J. Senate passes bill
(DBN)

____________

Alternative Energy:

Watchdog Says Abeinsa Ch. 11 Docs Aren't Detailed Enough
(DBN)

____________

Trade Credit:

Four Steps to Spot, Prep for a Customer’s Bankruptcy Filing
(DBN)

___________

 


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 (22 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (3 new filings today)
(DBN)

Bankruptcy Code (html) - Bankruptcy Code (pdf) Prior BK Codes (pick year from list) - 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:

Breakdown of Business Bankruptcies by Industry in Q3 2016
(DBN)

______________

Settlement:

Del. Trust Urges Justices To Join Appeal In EFH Case To Jevic
(DBN)

____________

Bankruptcy Remoteness:

Recent Cases Provide Guidance on Properly Structuring Bankruptcy Remote Entities
(DBN)

____________

Discharge:

Judgment For Return of Pastor's Salary Is Not Dischargeable in Bankruptcy
(DBN)

____________

TBTF:

Investors want safeguards against bank break-ups
(DBN)

____________

Debt Collection:

Creditors Beware: Fifth Circuit Court of Appeals Expands Purview Of Potential FDCPA Violations And Furthers Circuit Split
(DBN)

____________

Solar:

SunEdison Creditors Launch Lawsuit Against Lenders in Bankruptcy Battle SunEdison Creditors Seek to Undo Lenders’ ‘Sweetheart Deal’
(DBN)

____________

Fraud:

'Diva of Distressed' Lynn Tilton Faces SEC Trial for Fraud
(DBN)

SunEdison Creditors Sue Lenders, Accuse Company Of Fraud
(DBN)

____________

Shipping:

Hanjin Shipping Enters Talks to Sell Its Stake in Long Beach Terminal
(DBN)

Hanjin Shipping Wins Court Approval to Wind Down Europe Business Hanjin shares dive on plans to row back European business
(DBN)

Tide still not turned for troubled US OSV operator
(DBN)

Russian firm to rescue debt ridden Indian shipbuilding company
(DBN)

Major U-Turn for U.S. OW Bunker Cases as ING Bank is Denied Maritime Liens

Shipbuilding, shipping restructuring to cost W31tr: IMF
(DBN)

Consultant calls for massive cash injection to revive HMM
(DBN)

____________

Wrestling:

Billy Corgan Says TNA Wrestling is Insolvent Dixie Carter Denies TNA is Insolvent Vince McMahon to buy TNA Wrestling if they file for bankruptcy?
(DBN)

____________

Rating Agencies:

Moody’s Swoons After Saying U.S. Will Sue for Crisis-Era Ratings
(DBN)

____________

Distressed Investing:

BTG Is Back in Growth Mode With Eye on Distressed Company Loans
(DBN)

____________

Defaults:

Global S&P Default Tally Grows to 136 Courtesy Oil & Gas additions
(DBN)

____________

Hedge Funds:

Hedge Fund Manager Are Sad
(DBN)

____________

Autos:

Takata's Faulty Air Bag Is Now Linked to 11 Deaths in the U.S.
(DBN)

____________

Tech:

Jumio estate's bankruptcy plan gets court approval
(DBN)

____________

UK:

Brexit: Big Banks Poised to Leave UK Next Year
(DBN)

Pension scheme uncertainty prevents BHS liquidation
(DBN)

A single region of Belgium just killed the chances of a successful Brexit
(DBN)

____________

PIIGS:

Sean Dunne goes for the jugular in bitter fightback from bankruptcy Seán Dunne says he is unable to make €5000-a-month payment
(DBN)

Portugal Keeps Bond Rating That Ensures Continuing ECB Help
(DBN)

Greek PM eyes 'positive developments' despite lack of pledges on debt
(DBN)

Greek PM Tsipras: Time for Greece’s Creditors to Honor Their Side of the Bargain
(DBN)

Bankruptcy protection for Marinopoulos before merger with Sklavenitis
(DBN)

____________

Canada:

Quebec says Canadian Pacific directly responsible for 2013 Lac Megantic damages
(DBN)

Courts give the green light for fraud-based class actions in Canadian insolvency proceedings
(DBN)

____________

MENA:

Saudi official warns over bankruptcy in 'three to four years' 'We're Doomed For Bankruptcy' Unless Changes Made, Says Saudi Official Saudi deputy economy minister regrets using ' bankruptcy ' term
(DBN)

Is Saudi Arabia More Trouble Than It's Worth?
(DBN)

____________

Brazil:

Egyptian investor, bondholders mull bid for Brazil's Oi -sources
(DBN)

____________

Australia:

Pumpkin Patch in crisis as shares halted
(DBN)

____________

India:

Draft rules for Insolvency Code may be finalized in November
(DBN)

Fitch: India's Bank Resolution Plan Likely to Face Obstacles
(DBN)

____________

South Korea:

Rising Debt From Mom-and-Pop Businesses Adds to Korea’s Woes
(DBN)

____________

China:

In China, Close to 8,000 People Are Vying for One Government Job
(DBN)

____________


The Daily Bankruptcy News is primarily a curated news link gathering service.   Most of the headlines contained in the publication are a collection of links to stories posted on the Internet by various third party publications.  Such content is owned by third party sources, not The Daily Bankruptcy News, and in some cases, these links change or expire, which means you may not be able to view some news stories in prior editions of the Daily Bankruptcy News. The DBN subscription fee is not a fee for access to the content of the links, but is a charge for the considerable work involved in gathering, organizing and presenting the links. Use of this site and The Daily Bankruptcy News is subject to our Terms of Use. If you received The Daily Bankruptcy News via email (and you have a paid subscription account), to view a news story, click on the headline, and the story should open in your web browser. To view additional stories, click back to the email and click on additional headlines, which will cause new stories to open in your web browser.  You can view the Daily Bankruptcy News on the web by clicking here.

Advertising
Advertising is available in The Daily Bankruptcy News. Click here for details  Feel free to contact us with any questions.

Passwords/Subscriptions
Access to certain links in The Daily Bankruptcy News is available only to readers holding a paid service subscription. These links are currently marked with a "DBN" notation. The cost of a subscription is $63/year, payable annually.  Volume discounts are available for sites with multiple users. Click here to see a schedule of discounts. Complimentary subscriptions are available for full-time educational and governmental employees and for full time students. For information about discounts or educational/governmental subscriptions, contact us by clicking here. A separate password is required for each member of a firm wishing access to restricted links.

New readers can receive a free password good for 30 days by clicking here. 30-day passwords are not available to readers who have previously had a password, even if the password was associated with a different email address used by the reader. Refunds are not available after purchase.

Readers who wish to change their passwords should click here. Readers who have forgotten their password should click here.

Adding Your Email Address To The Distribution List
If you would like to start receiving The Daily Bankruptcy News by email each day, click here, and fill in the information requested. There is no charge to be placed on the distribution list to receive the headlines, although access to many of the links behind the headlines requires a paid subscription (see above, under Passwords). If, after adding your email address to the distribution list, you do not receive an email confirming the addition, please contact us by clicking here for help.

Removing Your Email Address From The Distribution List
If you already receive The Daily Bankruptcy News by email and you wish to remove your email address from the distribution list, click here and send the email that should appear. You do not need to type anything in the body of the email message. Note that the email asking for removal must be sent from the same email address which is on our distribution list. If you do not receive an email confirming deletion of your email address from the distribution list, contact us by clicking here for help.

If receive the publication forwarded from an older email address, you will need to contact us as described below for help removing that older address from our distribution list.

Press Releases/News Tips
Please send press releases and news tips to admin@bkinformation.com

Contact Us
The Daily Bankruptcy News is published each business day by BKINFORMATION.COM, L.L.C. You can phone or text us at 281-402-3957. You can email us at accounting@bkinformation.com (email inquiries are usually answered substantially more quickly than phone inquiries). Our mailing address is 935 Eldridge Road, No. 350, Sugar Land, Texas 77478.

Copyright 2016