December 8, 2015

The Daily Bankruptcy News

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Law:

New York prosecutors offer deals to ex-Dewey & LeBoeuf execs Two Ex-Dewey Officials Told to Take Plea or Face Retrial Two Ex-Dewey Officials Told to Take Plea or Face Retrial Prosecutors offer plea deals to some Dewey defendants; only one carries potential prison time
(DBN)

Cravath Announces Annual Associate Bonuses Cravath Kicks Off Associate Bonus Season with Familiar Scale Cravath to pay $15K to $100K in annual associate bonuses Associate Bonus Watch: Cravath Announces Its 2015 Associate Bonuses! Associate Bonus Watch: The First Cravath Match — Wow, That Was Fast!
(DBN)

Associate Bonus Watch: A Second Firm Falls In Line
(DBN)

Bonuses at Law Firms Likely to Remain Flat
(DBN)

Top 10 Predictions for Big Law in 2016
(DBN)

Survey: Quality, Not Price, Counts When In-House Lawyers Pick Firms
(DBN)

Did Jones Day Lawyers Fumble Electrolux's $3.3B Bid for GE
(DBN)

Making a Lateral Move? Here's How to Get a Signing Bonus
(DBN)

Baker & McKenzie is looking to hire more attorneys in the US
(DBN)

Fall 2016 Law School Applicants Up 0.6%
(DBN)

Why Might Thousands Of Law Students Drop Out Of School?
(DBN)

Top-Notch, Collegial Firm? 3 Questions To Ask
(DBN)

Lawsuits Part of Call for More Transparency at Law Schools
(DBN)

Law Firms Face Challenges Getting Partners to Share Know-How
(DBN)

What A Terrible Niche Practice
(DBN)

Law Student Turned Pageant Queen With A Purpose
(DBN)

Proposal to eliminate ban on academic credit for paid externships moves forward
(DBN)

Class Action Lawsuit Against Thomas Jefferson Law School Gets Trial Date 3/16
(DBN)

Governor calls for Pennsylvania justice’s resignation
(DBN)

Legal Tech is Solving All the Wrong Problems By Lisa Needham on December 7th, 2015 3 comments shutterstock_303254072
(DBN)

Shearman & Sterling Elects 12 New Partners
(DBN)

Is This The Biggest Bluebook Error Of Them All?
(DBN)

Supreme Court lets stand Chicago-area assault-weapon ban Chicago suburb’s assault-weapon ban stands
(DBN)

Tribune Says Cops Have More Tapes of Laquan McDonald Killing
(DBN)

4 simple questions the most likable people ask at work
(DBN)

How to tell if your boss is a demanding leader or an actual bully
(DBN)

Deadly secrets: Companies using courts at your peril
(DBN)

San Bernardino shooters had been radicalized 'for some time,' went to shooting ranges before attack Mystery deposit to bank account
(DBN)

FYI: If You Worked For The Government, Your Identity May Have Been Stolen
(DBN)

Woman Charged After Dashcam Contradicts Her Charge That Officer Pulled Gun On Her At Traffic Stop
(DBN)

Jewish Man Shoots Neighbor And Dog Over Serving Non-Kosher Drink
(DBN)

Florida Man Robs the Poor for His Country Club
(DBN)

A Santeria priest raided a cemetery and took the remains of 5 skeletons
(DBN)

Missouri Lawmaker Crafts Gun Bill Upon State's Abortion Restrictions
(DBN)

Bankruptcy Lawyer: Book Review: Just Mercy
(DBN)

Fictional Lawyers Use Their Family Connections Too
(DBN)

Supreme Court won't review laws banning assault weapons
(DBN)

A Georgia woman is in jail after trying to buy a baby off Craigslist
(DBN)

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Judges:

Federal judge robbed at gunpoint at home; 3 men arrested Ex-Plaintiffs Lawyer Chesley, Ohio Federal Judge Robbed at Gunpoint
(DBN)

Suspicious materials outside courthouse were likely a Santeria hex, authorities say
(DBN)

Prosecutors Benchslapped Silly For Forcing Mistrial To Avoid Acquittal
(DBN)

NJ Judge, Facing Suspension, Apologizes at Hearing
(DBN)

What was he Thinking? Man Tries to Bring Gun-Shaped Cigarette Lighter To Court
(DBN)

Lawsuit says aggravated judge shouted at defendant who sought sign-language interpreter
(DBN)

‘Sovereign citizen’ gets 10 years for bogus liens on federal judge and prosecutor
(DBN)

Rare Loss For Gun Lobby Reminds Us Just How ‘Fringe’ Scalia Has Become
(DBN)

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Wall Street:

U.S. stocks set to extend slump after weak China data
(DBN)

Stocks fall as oil settles near 7-year low
(DBN)

Junk bonds flash warning signs for stocks
(DBN)

How Futures Markets View Rate Hikes
(DBN)

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Layoffs:

Billionaire Jeff Greene Says Technology Will Kill White-Collar Jobs
(DBN)

Job Cuts: A bunch of senior Morgan Stanley staff are leaving
(DBN)

National and State by State Unemployment Rates
(DBN)

Animated Map of Unemployment
(DBN)

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Amusement Parks:

Land of Oz: Photographer Documents Now-Defunct Amusement Park in North Carolina
(DBN)

____________

Telecoms:

LightSquared close to bankruptcy exit after spectrum transfer OK
(DBN)

U.S. appeals court rejects Harbinger claims in LightSquared case
(DBN)

FCC OKs LightSquared change of control; clears way for Ch. 11 exit
(DBN)

____________

Awards:

Orange County Bankruptcy Forum Honors Lei Lei Wang Ekvall With 2015 Hon. Peter M. Elliott Award
(DBN)

____________

Gambling:

Caesars bankrupt division reports net profit of $23.1M in October
(DBN)

Caesars Among Firms Said to Push to Curb Lender Protection
(DBN)

Caesars' debt restructuring row heads to Washington
(DBN)

Trump Entertainment pays up on 2015 property taxes
(DBN)

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Concerts:

SFX Entertainment hopes to draft James Barton of Live Nation
(DBN)

____________

Autos:

Where Volkswagen fights its US diesel-cheating lawsuits matters. A lot
(DBN)

____________

Education:

For-Profit Education Institutions Face a Volatile and Uncertain Future
(DBN)

For-profit Westwood College won't accept new students
(DBN)

College And University President Salaries, 2013
(DBN)

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Corporate Reform:

Banks Said to Face SEC Probe Into Possible Credit Swap Collusion
(DBN)

____________

Hollywood:

Relativity survives bankruptcy, sets 2016 slate
(DBN)

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Economy:

Consumers Boost Spending Leading into December Consumer Borrowing in U.S. Increased at Slower Pace in October Student loans, cars send US consumer debt to $3.5T
(DBN)

Inequality is now killing middle America
(DBN)

America's Party Is Over--Thanks To High Taxes
(DBN)

Accelerating rail cargo decline points to weak spots in economy
(DBN)

Trucking demand is a lot worse than imagined
(DBN)

Paying Everyone $70,000? It Won't Start a Revolution
(DBN)

US Debt Clock
(DBN

Economic Indicators Dashboard
(DBN)

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Real Estate:

Big banks may have Fannie, Freddie in their sights
(DBN)

Toll Brothers profit falls short of expectations
(DBN)

5 predictions for housing in 2016
(DBN)

Luxury home prices drop for the first time in three years
(DBN)

Lone Star Sells Second RMBS Backed by Non-Prime Mortgages
(DBN)

______________

Municipalities:

The Supreme Court Will Rule on Puerto Rican Government's Authority to Restructure Debt High Court to Dive Into Puerto Rico's Debt Woes
(DBN)

Puerto Rico Government: Population Will Suffer Without Debt Relief
(DBN)

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Oil/Gas:

Tues.: Oil Prices Oil prices edge up from near seven-year lows as China oil imports surprise Crude-oil prices rise but analysts see limited gains
(DBN)

Mon.: Oil at lowest in almost seven years on OPEC inaction, strong dollar Oil price could hit $20 as OPEC ditches quotas Oil Prices Continue Sliding This Is Why $20 Oil Is A Possibility US crude falls 5% near 2015 low on OPEC inaction Oil and gas companies lead an early decline in US stocks Oil approaches 7-year low as the slump continues Saudi Arabia's $640bn question
(DBN)

E&P Bankruptcy Filings in North America Total About $13 Billion in Debt
(DBN)

Energy & Exploration Partners Joins Drilling Peers in Bankruptcy
(DBN)

Investors Bet Commodities Slump Will Push Many Into Default - Bonds From Many Energy Companies Tumble, in a Sharp Shift in Sentiment
(DBN)

Offshore Supply Boats Facing Distress With Drop in Drilling Rigs
(DBN)

Energy companies lead a decline in United States stocks Energy Sector Rout Intensifies on Mild Weather, OPEC
(DBN)

Debt and oil don't mix
(DBN)

OPEC Takes Down Oil Majors as Lower-for-Even-Longer Kicks In
(DBN)

US shale oil industry will recover: US Energy Sec
(DBN)

Year of Distress for Debt-Burdened Oil Firms Just Got Even Worse
(DBN)

U.S. oil dips below $38 as six-year low looms Oil price tumbles to recession-level lows
(DBN)

Shale industry may be in peril after oil falls to lowest level since 2009
(DBN)

Vantage Drilling to restructure business, files Chapter 11
(DBN)

ConocoPhillips, Aramco see oil recovering in 2016
(DBN)

Lift Crude Oil Ban To Add $38B & 300K Jobs To US Economy: Study
(DBN)

The 'Golden Age Of Gas' Flames Out
(DBN)

OPEC's Divisions Keep Oil Low and Volatile
(DBN)

NOV To Cut Another 900 Norwegian Jobs
(DBN)

Oil is putting a cap on equity growth Oil and gas companies lead decline in US stocks
(DBN)

Energy Sector Rout Intensifies on Mild Weather, OPEC
(DBN)

California Resources Leads Producer Plunge as OPEC Pumps On
(DBN)

OPEC bid to kill off US shale sends oil price down to 2009 low
(DBN)

One benefit to crude oil’s plunge below $38 a barrel
(DBN)

Energy plunge intensifies; ‘sell, underweight or avoid’
(DBN)

____________

Computers:

Children's Tablet-Maker Fuhu Files for Chapter 11 Bankruptcy First Day Dec
(DBN)

____________

Politics:

Trump turns to general election mode; Focus on Hillary Show Me the Muslim Sports Heroes, Demands 2007 Recipient of Muhammad Ali Award For Donald Trump, bigotry is a means and not an end Donald Trump's call for banning Muslims from entering US draws condemnation American Muslims accuse Donald Trump of leading 'lynch mob'
(DBN)

The shocking truth about Muslims in America
(DBN)

Lynch walks back comments on prosecuting anti-Muslim speech
(DBN)

Paying for Hillary's Tax-Credit-Palooza
(DBN)

Cruz Pulls Ahead of Trump in Iowa Poll
(DBN)

What It Takes To Get Suspended From Fox News
(DBN)

____________

Auto Racing:

Lotus Formula One team granted reprieve in High Court insolvency case
(DBN)

____________

Religion:

Duluth diocese files for Chapter 11 bankruptcy after $8 million abuse award The Diocese of Duluth has filed for bankruptcy Diocese of Duluth Seeks Bankruptcy Protection
(DBN)

U.S. Supreme Court rejects St. Paul priest's abuse conviction appeal
(DBN)

____________

Food/Beverage:

San Francisco's popular Magnolia Brewing Co. files for Chapter 11 bankruptcy
(DBN)

Winery owner files bankruptcy on vineyards, holds off foreclosure
(DBN)

United Natural Foods profit falls 8.8%
(DBN)

Chipotle shares slide in wake of E.coli fears
(DBN)

____________

Retailing:

What to do with old RadioShack gift cards
(DBN)

SkyMall is back, Yetis and all
(DBN)

Why Walmart is suing Puerto Rico
(DBN)

Barnes & Noble has been destroyed by Amazon
(DBN)

Shopping centers optimistic despite weak Black Friday results
(DBN)

____________

Marketing:

Pittsburgh digital marketing firm files Chapter 11
(DBN)

____________

Credit Counseling:

Credit Counseling: Performance & Satisfaction Information Report Does Credit Counseling Work? A review of the Cambridge Transparency Report
(DBN)

____________

Politics:

Politicians Talk Nonsense Because It Works
(DBN)

Donald Trump Presidency 'Not a Great Idea,' Nobel Laureate Warns Donald Trump just called for a 'total and complete shutdown' of Muslims entering the US Donald Trump’s call to halt Muslim immigration is getting exactly the reaction he wanted Donald Trump's Islamophobic rhetoric resonates Presidential candidate Martin O'Malley: Donald Trump is a 'fascist demagogue' Jeff Bezos wants to send Donald Trump into space
(DBN)

It's not just Trump: Islamophobia in America is spiraling out of control Donald Trump has a base: 76% of Republicans think Islam is un-American
(DBN)

One sentence reveals Bernie Sander’s serious limitations as a candidate
(DBN)

____________

Agriculture:

Judge: Ex-Turner official can be sued
(DBN)

____________

Student Debt:

Student Debt Can Hurt Women More Than Men
(DBN)

The Hot, New Company Benefit: Student Debt Repayment
(DBN)

____________

 


New Bankruptcy Opinions
(6 new opinions today - DBN)

Bankruptcy Court Web/Pacer Site Directory

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

Recent Ch. 11 Filings (19 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (7 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:

ABI: November Chapter 11 Filings Up 31% Year/Year
(DBN)

______________

Involuntary Bankruptcy:

Creditors Be Forewarned: Involuntary Petitions Carry Substantial Risk
(DBN)

____________

TIA:

Private Equity's Private Bill to Amend the Trust Indenture Act
(DBN)

____________

Interest:

Post-petition Interest Excluded from Unsecured Indenture Creditor's Claim
(DBN)

____________

Lien Stripping:

Bankruptcy Court Takes Dewsnup to Task
(DBN)

____________

TBTF:

The Fed's New Emergency Lending Rules: Not Far Enough, Not Surprising
(DBN)

Are Fannie and Freddie too-big-to-fail?
(DBN)

____________

Banking:

Fed Finds Fault With Its Own Stress Tests
(DBN)

____________

Bankruptcy Crimes:

St. Louis businessman gets probation for bankruptcy fraud
(DBN)

Summary order marks limitation on use of garnishment to enforce restitution orders
(DBN)

____________

Celebs:

Mike Tyson: From hundreds of millions to bankruptcy
(DBN)

____________

Mining:

Rio Tinto dials back budget for major projects
(DBN)

Iron Ore Below $40: Can Miners Dig Their Way Out?
(DBN)

____________

Healthcare:

Bankruptcy judge set to rule on EPCH-UMC joint plan
(DBN)

El Paso Children's Hospital selects new interim CEO
(DBN)

Detroit Medical Center announces layoffs, job redeployments
(DBN)

____________

Finance:

Here’s How Many Kickstarter Projects End Up Failing
(DBN)

Ex-Im Bank reopens, but big loans stalled
(DBN)

Loose Covenants to Dominate Leveraged Loan Market, Moody's Says
(DBN)

____________

Shipping:

How to mitigate legal risks when purchasing bunkers – lessons learned from the OW Bunker collapse
(DBN)

____________

Wire:

New York Wire to sell for $8.8 million
(DBN)

____________

UK:

Anglo American announces 'radical' restructuring Anglo American to cut workforce by more than half 85,000 job cuts
(DBN)

____________

EU:

Draghi, once a hero, faces ‘new mortality’
(DBN)

Sovereign Debt Risk at EU Banks Tied to Deposit Insurance Debate
(DBN)

____________

PIIGS:

Legal action over $11m condo project linked to Dunne
(DBN)

Beware Of Greeks Bearing Debt, Unless You're A Mining Magnate
(DBN)

Abengoa Will Likely Need to Sell Many of Its Renewable Energy Projects to Avoid Financial Collapse EU Adds to Abengoa Woes With Ethanol Benchmark Rigging Probe Clock ticks as Abengoa's banks seek guarantee to extend lifeline-sources Abengoa to Meet With Banks in Next Stage of Talks on Funding
(DBN)

Greece's Five Ticking Time Bombs
(DBN)

____________

Canada:

Canada's largest newspaper publisher may face refinancing troubles
(DBN)

AU needs $5 million to fight off insolvency in 2017/2018
(DBN)

Construction industry a bankruptcy leader
(DBN)

____________

Australia:

Key Insolvency Reforms Announced as part of the Innovation Agenda Caution over bankruptcy and insolvency law changes Big changes to insolvency laws planned Some risks in Turnbull's benign view of business failure Insolvency changes are well overdue The journey to real reform continues
(DBN)

Safe harbours and unenforceable ipso facto clauses on the way for Australian insolvency law
(DBN)

____________

Africa:

Zim reviews insolvency law
(DBN)

____________

MENA:

When Abu Dhabi Resembles Frontier Market You Know Oil Hurts
(DBN)

Islamic State has revenues of $80 million per month, IHS Says
(DBN)

US Strategy Seeks to Avoid ISIS Prophecy
(DBN)

____________

China:

China exports fall for fifth straight month
(DBN)

Money is flying out of China
(DBN)

Kaisa Onshore Debt Restructuring Likely to Succeed, Advisers Say
(DBN)

____________

Japan:

Feel-good figures belied Japan's phantom recession
(DBN)

____________

Ukraine:

This Is What's at Stake for Putin, Ukraine as Bond Default Looms
(DBN)

____________

Offshore:

The fall of Jersey: how a tax haven goes bust
(DBN)

____________

Venezuela:

Venezuelan Government Losing Grip As Low Oil Prices Take Their Toll
(DBN)

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South Africa:

South Africans Move Assets Abroad at Record Pace as Rand Tumbles
(DBN)

South Africa Current-Account Gap Worsens as Imports Climb
(DBN)

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