December 18, 2015

The Daily Bankruptcy News

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Law:

Associate Bonus Watch: After ‘Massive Disappointment’ Comes Major Elation
(DBN)

Law Schools Continue To Bleed Law School Enrollment Slumps 5 Percent
(DBN)

Litigation seen as the main boom area by US lawyers
(DBN)

ATL Holiday Card Contest: The Finalists!
(DBN)

Biglaw Partner Arrested With Martin Shkreli — Pharma Karma The Kaye Scholer Partner Indicted in Shkreli Case After Shkreli Lawyer’s Indictment, Law Firm Faces Test
(DBN)

Reinventing The Law Business: Intellectually Fearless
(DBN)

41 Legal Industry Predictions for 2016
(DBN)

Battle for Lateral Talent to Intensify
(DBN)

Law Prof: Why I Sued My School
(DBN)

LSAT Mean Of 152 Correlates With 88% Eventual Bar Pass Rate (For 160, It's 97%)
(DBN)

Lawyer resigns himself to paying ransom for release of computer files
(DBN)

ATL’s In-House Compensation Report
(DBN)

Magic Circle Firms, Litigation Leaders Spread Bonus Cheer
(DBN)

Clifford Chance and Freshfields pay US associates $100,000 bonuses
(DBN)

Don’t Waste Your Time Trying To Get Your Law School Debts Discharged In Bankruptcy
(DBN)

How Lawyers Use Scrivener In Their Practice (Part 2)
(DBN)

Virginia Becomes 18th State to Adopt Duty of Technology Competence For Lawyers
(DBN)

Displaced Lawyers - There Was A Time When We Used To Just "Knock About"
(DBN)

Bankruptcy Lawyer: 3 Things I Wish I Knew About Navigating A Career Transition
(DBN)

Andrews Kurth Will Mediate With Former Client in January
(DBN)

A Harvard psychologist describes a simple exercise to reduce your anxiety in stressful situations
(DBN)

Top 5 Law Firm Tech Trends: Are They Truly Feasible for 2016?
(DBN)

Business users name their favorite features of Office 365 and Google Apps
(DBN)

Washington law firm accused of helping $11M Facebook fraudster
(DBN)

Charges for legal buyer of San Bernardino guns FBI alleges friend of the San Bernardino shooters called 911 after attack: The 'a------ used my gun' One of the San Bernardino killers allegedly planned 2 attacks with the neighbor who supplied him guns Here's the ISIS message the female San Bernardino shooter posted on Facebook during the attack
(DBN)

Prosecutor says Pennsylvania attorney general and her sister also received offensive emails
(DBN)

New Orleans Confederate monuments face purge
(DBN)

‘Unconstitutional': The New Liberal Catchphrase
(DBN)

Reports: Castaway sued for eating shipmate
(DBN)

Sometimes There’s An Upside To An Attorney Being Held Captive
(DBN)

Professor Believed Sandy Hook Didn't Happen
(DBN)

Guns Now Kill as Many as Automobiles in US
(DBN)

Protest wagon parks outside DLA Piper office
(DBN)

Chicago police officer indicted for murder one for shooting teen ‘without lawful justification’
(DBN)

US Marshals Join Hunt for Affluenza Killer
(DBN)

Prominent LA Plaintiffs Lawyer Appears on Real Housewives of Beverly Hills
(DBN)

Boy to be beheaded for attending a protest when he was 15
(DBN)

In ‘Spotlight,’ Lawyers Help The Fourth Estate Investigate The First Estate
(DBN)

Law student-led a cappella group goes viral with classic Xmas cover
(DBN)

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Judges:

Hollywood Has Cast Thurgood Marshall
(DBN)

Judge who caused ‘national spectacle’ by challenging public defender to fistfight loses his job
(DBN)

Judge who warned lawyer about ‘witless observations’ fines him for failing to excise tossed counts
(DBN)

U.S. Chief Justice Roberts Overlooked Stock Conflict in Case
(DBN)

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Wall Street:

Wall Street lines up for more losses
(DBN)

Wall Street ends down, led by energy and materials Stocks tumble as oil prices fall below $35 a barrel Stocks slump as oil falls to 7-year lows; S&P 500 ends down 1.5%
(DBN)

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Layoffs:

National and State by State Unemployment Rates
(DBN)

Animated Map of Unemployment
(DBN)

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Mass Torts:

Volkswagen hires Kenneth Feinberg to handle diesel cases Volkswagen Names GM Switch Fund Head for Its Emissions Cases
(DBN)

New VW Claims Chief's Prompt Settlement Goal Runs Into Lawyers
(DBN)

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Celebs:

9 celebs who went to prison for tax evasion Supermodel Bar Refaeli Is in Legal Trouble Because of Her Free Cars
(DBN)

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Coal:

Global demand for coal has stalled for the first time since the 1990s
(DBN)

Arch Coal Staves Off Bankruptcy
(DBN)

Alpha selling 23 mines
(DBN)

U.S. coal firm Bowie wants government guarantee for cleanup costs
(DBN)

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Alternative Energy:

Electric Car Company Better Place Bankrupt , Burns Nearly $1 Billion
(DBN)

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Television:

Battle for 'Survivor' Profits Ends up in Bankruptcy Court
(DBN)

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Movies:

The Big Short is a Feverish Account of Ethical, and Literal, Bankruptcy
(DBN)

If Star Wars Characters Were Lawyers
(DBN)

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Awards:

Chicago-Kent College of Law’s Adrian Walters Named to the International Insolvency Institute
(DBN)

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Tech:

#Fail: 15 tech flops of 2015
(DBN)

Home-Services Startup Homejoy Files for Bankruptcy
(DBN)

Big IPO, Tiny Payout for Many Startup Workers
(DBN)

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Hotels:

Gemini sheds third hotel for $60M in bankruptcy auction
(DBN)

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Climate:

2016 is set to be the hottest year on record globally
(DBN)

Arctic Temperatures Highest in 115 Years
(DBN)

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Economy:

US labor market strengthening, factories struggling
(DBN)

Applications for U.S. Jobless Benefits Fall More Than Forecast
(DBN)

6 charts show how Fed’s rate hike may be bad news
(DBN)

BlackRock's Fink Says U.S. Lucky to Grow 2% as Oil Prices Slump
(DBN)

The Debt Star: Crashing the Galactic Economy
(DBN)

US Debt Clock
(DBN

Economic Indicators Dashboard
(DBN)

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Real Estate:

Why mortgage rates are NOT going up now, but... Mortgage rates inch higher amid Fed rate hike, with 30-year fixed at 3.97%
(DBN)

Lawyer and 5 others face charges in claimed mortgage-fraud scheme
(DBN)

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Municipalities:

Detroit Bankruptcy Casts Shadow Over Muni Bond ETFs
(DBN)

Poorest State's Capital Residents Boil Water From Broken Pipes
(DBN)

Puerto Rican Gov. pushes Congress to change its mind on debt
(DBN)

Congress Ignored the Puerto Rico Crisis
(DBN)

White House calls for 'common sense steps' to help Puerto Rico
(DBN)

Independent oversight needed for Puerto Rico debt solution -Treasury's Lew
(DBN)

Paul Ryan says he wants 'responsible solution' on Puerto Rico debt crisis
(DBN)

Reid Pitches Adding Puerto Rico Provisions to Omnibus
(DBN)

Puerto Rico bankruptcy plea raises Democrat argument on spending bill in Congress
(DBN)

Bankruptcy could be option for ailing DPS
(DBN)

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Oil/Gas:

Crude oil just keeps falling Oil at Six-Year Low as Glut Worsens
(DBN)

Do You Have the Energy? Low Oil Prices Fueling Energy Chapter 11 Filings
(DBN)

Fed Rally Quickly Fizzles as Oil Skids Below $35 Oil price hits another low after 'dead cat bounce' Goldman sees high risk of oil prices dipping further
(DBN)

Goldman Sachs says crude may have to sink to $20 to force U.S. production cuts
(DBN)

For Many Energy Workers, Fear Of Layoffs Is The Ghost Of Christmas Present
(DBN)

These 29 Oil Companies Could See Their Credit Ratings Cut
(DBN)

Tulsa energy firm files for bankruptcy protection
(DBN)

PJT Rallies on Bet Oil Pain Will Drive Restructuring Gain
(DBN)

These 20-Cent Junk Oil Bonds Show Creditors Bracing for Worst
(DBN)

Jim Chanos has a dark warning for OPEC members Chanos To OPEC: Pump oil now because it won’t be worth much in 15 years
(DBN)

Low Oil Prices Pushes Qatar to Deficit Spending
(DBN)

Putin Says $50 Oil Price is Too Optimistic for Russian Budget
(DBN)

Norway Becomes Squeamish Rate Cutter as Policy Heads to Unknown
(DBN)

Here's what I'm shorting in energy : Jim Chanos
(DBN)

Aon: Houston oil and gas companies likely to freeze pay in 2016
(DBN)

ConocoPhillips Among 29 US Energy Companies on Downgrade Review by Moody’s
(DBN)

Natural-Gas Plunge Has Bears ‘Shooting Arrows’ at Producers
(DBN)

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Fraud:

Reviled drug CEO Martin Shkreli arrested These are the charges against Martin Shkreli Not a lot of sympathy for Martin Shkreli Martin Shkreli Accused of Being Surprisingly Good at Fraud Martin Shkreli may have hung up on an FBI agent live on video hours before his arrest It looks like Martin Shkreli could have his $2 million Wu-Tang album taken away 'Essentially ... A Ponzi Scheme' Shkreli's Lawyer Accused of Templating Sham Retrophin Share Deal
(DBN)

IMF chief Lagarde to appear in court over long-running fraud case
(DBN)

Fraud: LifeLock to Pay $100M to Consumers
(DBN)

____________

Mining:

Mining companies lead stocks lower
(DBN)

Lakewood rare earths company stung by weak market conditions, plans layoffs
(DBN)

____________

Student Debt:

Student Debt May Be the Next Crisis Facing Elderly Americans
(DBN)

This Parent Trap Involves $71 Billion of Federal Education Debt
(DBN)

Yes, your student debt is the absolute worst
(DBN)

How will the interest-rate hike affect my student loan?
(DBN)

____________

Distressed Investing:

Junk Bond Selloff: The Stress Gets MORE Stressful
(DBN)

Fitch: 2016 U.S. Leveraged Loan Default Rate Projected to Rise to 2.5%
(DBN)

Distressed Debt Proves Toxic Like 2008 as Defaults Fuel Losses
(DBN)

Bank Of America: It's Carnage
(DBN)

Hedge Funds Just Had Their Worst Quarter Since the Crisis
(DBN)

____________

Software:

Baton Rouge software company Thinkstream receives one bid at bankruptcy auction
(DBN)

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Consultants:

Alvarez & Marsal Names Jon Goulding Co-Head Of North American Commercial Restructuring Practice West Region
(DBN)

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Healthcare:

Creditors split on future of bankrupt Pontiac hospital
(DBN)

Hutcheson Medical Center To Reopen On Friday
(DBN)

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Telecoms:

New LightSquared Settles GPS Lawsuit With Garmin
(DBN)

____________

Finance:

Startup Funding Crunch Is Likely in 2016
(DBN)

____________

Education:

Former Mid-Continent board trustee objects to bankruptcy motion Judge hears objections, delays decision for Mid-Continent to sell equipment
(DBN)

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Debt Collection:

CFPB Orders Firm to Pay $10M for Illegal Debt Collection
(DBN)

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Personal Finance:

Now's the Time to Grab Those Zero Percent Card Deals
(DBN)

____________

Environmental:

Avoca-area residents seeking further damages in environmental suit against Kerr-McGee
(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 (21 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (35 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:

FL: Year In Review: Corporate graveyard of failed businesses in 2015
(DBN)

Businesses that died or were put on life support in 2015
(DBN)

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Miscellaneous:

Lookback Period – Six Weeks (Part II)
(DBN)

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Bankruptcy Poetry:

Out of Energy?
(DBN)

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Property of the Estate:

Ending the Nonsense: The In Pari Delicto Doctrine Has Nothing to Do with What is § 541 Property of the Bankruptcy Estate
(DBN)

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TIA:

Harry Reid Directly Solicited Contribution From Private Equity Giant Before Controversial Rider
(DBN)

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Litigation:

Slaying the Traditional Privilege Log
(DBN)

____________

Retailing:

American Apparel Founder's Bid for Company Said to Move Forward
(DBN)

American Apparel closes its first store after declaring bankruptcy
(DBN)

Sports Authority Faces Big Debt Wall After Dick's Pulls Ahead
(DBN)

____________

Guns:

Colt Defense Reorg Plan Confirmed; Chapter 11 Exit Seen By Year-End Joint Statement of the UAW and Colt Regarding Court Confirmation of a Plan to Exit Bankruptcy by the End of the Year
(DBN)

____________

Politics:

Putin calls Donald Trump ‘outstanding and talented’ Trump: Vladimir Putin's praise is 'a great honor' Trump Fact Check: The 9/11 terrorists' friends, family, girlfriends in the United States "were sent back for the most part to Saudi Arabia" 'You are too thin-skinned': Bill O'Reilly confronts Donald Trump again
(DBN)

Paul Fact Check: "If you are going to kill the families of terrorists, realize that there's something called the Geneva Convention we're going to have to pull out of."
(DBN)

Bush might back out of a pledge to support the Republican nominee if it is Trump
(DBN)

How Clinton could win the White House by March
(DBN)

Bernie Sanders campaign just got in big trouble with the DNC
(DBN)

____________

Religion:

Church's long battle with bankruptcy comes to an end
(DBN)

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Gambling:

Caesars Entertainment Shares Gain 3%; Creditors Agree To Forbear From Exercising Certain Termination Rights, Fitch Affirms Ratings
(DBN)

____________

Sovereigns:

Ukraine Defaults on $3 Billion Bond to Russia
(DBN)

____________

UK:

U.K. Court Boosts Global Restructuring Role With Codere Ruling
(DBN)

Millions of pounds of taxpayer money at risk
(DBN)

A Million to None: The U.K.’s Last Coal Miners Stop Work Today
(DBN)

Accountant in Bankruptcy budget slashed by a third
(DBN)

The Pensions Regulator issues notes for insolvency practitioners in relation to the appointment of trustees and statutory notices
(DBN)

____________

PIIGS:

Spain's FCC to raise 710 million euros to cut debt
(DBN)

Greece - the only country in the world paying creditors with blood
(DBN)

Creditors force Greek gov’t to withdraw economic bill to secure aid, sources say
(DBN)

____________

Canada:

OCA set to rule on limits of bankruptcy protection
(DBN)

Shoreline Energy Corp. Announces Failure to Implement CCAA Plan of Arrangement
(DBN)

Canada's Dollar Plunges Again
(DBN)

____________

Latvia:

Latvian steel company faces insolvency lawsuit
(DBN)

____________

France:

Carson Block said a company's 'financial statements are literally meaningless' and the stock tanked
(DBN)

____________

India:

‘New bankruptcy code will improve India’s ease of doing business ranking’ | Business
(DBN)

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Iceland:

Failed Icelandic bank Glitnir to start repaying creditors
(DBN)

____________

Hong Kong:

Hong Kong’s top court finds delay in commencement of bankruptcy period unconstitutional
(DBN)

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South Africa:

Leaked memo: SAA's 'reckless' board on 'insolvent' path
(DBN)

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Switzerland:

Switzerland has discovered the unintended consequences of negative interest rates
(DBN)

____________

Australia:

Slater & Gordon faces potential class action amid insolvency claims
(DBN)

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