Bankruptcy Blogs

On May 20, 2016, Joao Bock Transaction Systems, LLC (“Debtor” or “Joao Bock”) filed for Chapter 7 bankruptcy relief before the United States Bankruptcy Court for the District of Delaware.  Joao Bock has been described by some as a “patent troll” that engages in litigation over intellectual property disputes in order to extract favorable settlements.

Texas’s Goodrich Petroleum Corp. will ask a judge in Houston on Tuesday to sign off on its bankruptcy-exit plan, one of the final steps in concluding the oil and gas producer’s bankruptcy case.

Houston-based Goodrich, which sought bankruptcy protection after seeking to cut its debt as oil prices continued to tumble, will ask for approval of a deal that would erase $400 million in debt from its books through a swap with a group of investors that own bonds that the company issued last year.

Receiving Wide Coverage…

Not Without a Trace: Security researchers have found evidence linking North Korea to three recent attacks on Asian banks — in the Philippines in October, Vietnam in December and the $81 million theft from the central bank of Bangladesh in February. They said in each event the attackers used a piece of rare but identical code seen in just two cases before: the Sony hack in 2014 and one on South Korea banks...

Sexism is less blatant than in the "Boom-Boom Room" era, but women aren't yet treated like equals at the male-dominated Wall Street firms. A community bank CEO takes a contrarian approach to underperforming branches, staffing up instead of closing them down, and Bank of the West embeds star employees at nonprofits as leadership training. Also, FinCEN's Jennifer Shasky Calvery in her final congressional hearing, a swipe at Brexit sexism, and is the fact that uniforms are going out of fashion a good thing for gender equality?