August 8, 2016

The Daily Bankruptcy News

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Law:

Lateral Link Partner And Law Firm Survey: The Results Are In
(DBN)

Lawyers Can Be Zealous Without Being Nasty
(DBN)

GC Comp 2016: The Stock Awards Edition
(DBN)

Anonymous GC: 'The Glass Ceiling Absolutely Still Exists'
(DBN)

Legal Services - 200 Jobs Lost in July 2016
(DBN)

At ABA Conference, a Plea for Zika Preparedness
(DBN)

Law Firms Are 'Terrible' at Billing, Says GE's GC
(DBN)

Bar Association Considers Striking ' Honeys' From the Courtroom
(DBN)

Even More Practical Advice For New Lawyers
(DBN)

Legal Tech Financing Trends
(DBN)

Corporate lawyer, 27, on £72,000 a year saves just £600 a month
(DBN)

Georgetown 3L: Put Down That Law School Application, Part 2
(DBN)

June LSAT takers down less than 1% from last year (which was up over 6% from the prior year) Number Of LSAT Test-Takers Falls 0.8% in June
(DBN)

Be Efficient With What You Know: You Can’t Remember Everything, And You Don’t Need To
(DBN)

How To Stay Married To A Lawyer
(DBN)

What Law Firm Partners Can Learn From Former Saatchi & Saatchi Chairman Kevin Roberts
(DBN)

How Do I Make Partner In A Biglaw Firm? Tell Me The Truth, For Heaven’s Sake
(DBN)

India: Action urged action against cow vigilantes
(DBN)

Law Professor Resigns From The Bar Over Misappropriation Of Client Funds Tenured Rutgers Law Prof Resigns From Bar After Misappropriating $250,000 Of Client Funds
(DBN)

LSAC says it won’t continue certifying LSAT scores for the ABA
(DBN)

Another study confirms legal community substance struggles
(DBN)

Despite recent changes, frequent-flier programs can benefit well-traveled lawyers
(DBN)

Josh Duggar Is Being Sued By the Guy Whose Face He Used on His Ashley Madison Profile
(DBN)

Lawyer Qualifies For Olympics, Worries About Taking Time Off From Law Firm
(DBN)

Key figures behind legal TV dramas say the lines are blurring between fact and fiction
(DBN)

5 Things to Know About Hackers
(DBN)

Jokes and insults need to hit above the belt to not violate ethics
(DBN)

You’re Hired: Missouri Governor Conscripted as Public Defender Missouri Public Defender: ‘I Need to Use All The Remedies Available’
(DBN)

Court: Shopping at Home Depot Isn’t a Constitutional Right
(DBN)

Meighan Marie McSherry - Former Legal Aid Lawyer Accused of Robbing Greenwich, CT Bank
(DBN)

Former NYPD Commissioner Ray Kelly Complains That Police Protests 'Depress' Cops
(DBN)

Alexandra Darraby blends her love for art with her career in the law
(DBN)

Can You Guess What This Person Was Arrested For?
(DBN)

A 20-year-old man was shot dead while playing Pokémon Go in San Francisco
(DBN)

Jailers Mocked Dying Woman in Last Hours
(DBN)

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Judges:

Supreme Court Justices Know How To Be Political
(DBN)

Judge Kozinski Won’t Read Your ‘Fat’ Or ‘Chubby’ Brief Judge Refuses Excessive Brief
(DBN)

Implicit bias is a challenge even for judges
(DBN)

BK CD CA: Judge Sheri Bluebond Moving Her Chambers Effective August 22
(DBN)

Breyer Brings Back Courtesy—at a Cost
(DBN)

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Wall Street:

U.S. stocks poised for more highs, as feel-good factor from jobs data lingers
(DBN)

Stocks close at new record highs, lifted by growth in jobs
(DBN)

Oil's Drop Stokes Worries About a Slippery Slope in Stocks
(DBN)

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Layoffs:

Jobs Report: Mining Jobs Down 6,000
(DBN)

National and State by State Unemployment Rates
(DBN)

Animated Map of Unemployment
(DBN)

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Politics:

Reagan Republican: Trump is the emperor with no clothes Donald Trump’s poll numbers are so bad his supporters are making up new ones Donald Trump claims the election will be 'rigged' — and many are saying that's preposterous and dangerous Trump to Propose Moratorium on New Financial Regulations How Donald Trump’s Rhetoric on NATO Works to Vladimir Putin’s Advantage Trump Not the Successful Person You Think Donald Trump Plans Pivot to Economy Trump Announces Economic Policy Advisory Team The Big-Name Financiers Advising Trump on Economic Policy Trump Fact Check: "Hillary Clinton says she wants to, ‘raise taxes on the middle class.’ " Trump finance director produced 'Suicide Squad' Don't Question Donald Trump's Mental Health ... At Least Not if You're a Psychiatrist GOP Worries Trump Could Affect Others Donald Trump May Be Able to Slow His Tax Audit "Unusual" accounting: Inside a Trump business audit Why Donald Trump Appeals to Evangelicals Why Are Some Conservative Thinkers Falling for Trump? Donors Frustrated They Can’t Stop Monthly Payments to Trump Campaign Why Trump Supporters Think He'll Win Trump Endorses Paul Ryan
(DBN)

Donald Trump Presidential Bid Is Hurting Foot Traffic To His Properties
(DBN)

The $400 Million Iran Payment, Explained For Suburban Voters
(DBN)

Poll Shows Hillary Clinton Overtaking Donald Trump in Reliably Red Georgia Reuters Poll: Clinton's Lead Over Trump Narrows Substantially Electoral Map Shows Clinton Blowout FactCheck: Clinton's New Email Clarifications Clinton Short-Circuits the Truth Hillary Clinton Seeks Again to Allay Concerns Over Email Issue
(DBN)

Appeals Court Revives IRS Tea Party Targeting Case
(DBN)

Paul Ryan Stares Down New GOP Revolt Angry Trump Voters Hit Paul Ryan's Home
(DBN)

Maybe Don't Tweet Like This If You're Running For Congress
(DBN)

Elizabeth Warren calls e-mail hack an embarrassment Elizabeth Warren questions Hillary Clinton's DNC hack response
(DBN)

Jeb Bush's Son Urges Republicans to Back "the Man That Won"
(DBN)

GOP Insiders to Trump: Drop Out Q&A: What Would Happen if a Presidential Nominee Quit?
(DBN)

Big Government Keeps Getting Smaller
(DBN)

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Golf:

Golfsmith May Be Filing for Bankruptcy
(DBN)

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Coal:

UMW reaches another tentative deal with Murray Energy
(DBN)

Bankrupt Peabody Energy Seeks Approval To Pay $12M in Bonuses
(DBN)

Special Report: The rise and demise of a West Virginia coal mine
(DBN)

How Big Coal summoned Wall Street and faced a whirlwind
(DBN)

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Media:

Legal Fee Voyeurism: Gawking At Gawker’s Lawyer Bills
(DBN)

Hulk Hogan Accuses Nick Denton of Taking ‘Free Ride’ on Gawker’s Dime
(DBN)

Gawker boss throwing a reunion party amid bankruptcy
(DBN)

Gawker Media, Hulk Hogan in settlement talks Gawker and Hulk Hogan in settlement talks ahead of auction
(DBN)

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Fraud:

July 2016 Ponzi Scheme Roundup
(DBN)

Judge won't dismiss SEC suit vs. Wells Fargo over 38 Studios
(DBN)

Ex-Perella Weinberg Banker Says His Father Is A Great Guy Who Just Stole Inside Information From Him And Traded On It
(DBN)

Synovus Pays $9M To End Claims Over Check Kiting Scheme
(DBN)

Stiglitz Quits Panama Papers Investigation Cites lack of transparency
(DBN)

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Paper:

Cenveo Steps Back From The Brink ... But Not Far
(DBN)

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Food/Beverage:

Southern Season names new CEO, plans to sell company
(DBN)

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Aviation:

American Airlines to Boost Pay for 30,000
(DBN)

Delta Computer System Outage Ground Flights Worldwide
(DBN)

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Autos:

Tesla Needs $1.1 Billion in 3Q for Cash Flow
(DBN)

Elon Musk Gets Some More Bad News
(DBN)

Gigafactory Costs May Exceed Expectations
(DBN)

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Defaults:

S&P: 107 Global Corporate Defaults so far in 2016
(DBN)

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Healthcare:

Judge denies bid to boot elderly from Brooklyn facility
(DBN)

ObamaCare Death Spiral Update
(DBN)

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Economy:

The July Jobs Report in 15 Charts July Jobs Report – The Numbers US Jobs Better Than Expected Unemployment 4 9 Yay, Jobs! So Why Isn't the Economy Following? The Sobering Lesson of a Good Jobs Report What the Newest Job Numbers Don't Say U.S. Companies Have Enough Confidence to Hire, If Not Invest Number of Unemployed for over 26 Weeks, Since 1969
(DBN)

‘No Empirical Evidence’ for Thomas Piketty’s Inequality Theory, IMF Economist Argues
(DBN)

Fed's Powell urges patience on U.S. rates, citing growth risks
(DBN)

Middle Class Jobs Disappearing the Fastest
(DBN)

Comerica economist sees Fed standing pat
(DBN)

94% of Millennials Believe This Is the Fate of Social Security -- and They're Probably Right
(DBN)

Majority of Millennials Say they Won’t Reach Target Retirement Savings
(DBN)

Voter Discord Isn’t Over Wages
(DBN)

The Rich Get Richer as Billionaires Increase in Number
(DBN)

Some Small-Business Owners Trim Expansion Plans , Cite New ...
(DBN)

Denmark Isn't Magic
(DBN)

Ryan Fact Check: "The poverty rates in America today aren’t much better than when we started the War on Poverty."
(DBN)

White Trash: The Original Underclass
(DBN)

New York Region’s Consumer Distress Remains Below National Average
(DBN)

No End Seen in Global Demand for U.S. Credit: BlackRock's Rieder
(DBN)

Plunging global interest rates have made borrowing cheap, but many are struggling with sluggish revenue growth and higher expenses
(DBN)

US Debt Clock
(DBN

World Debt Clock
(DBN)

Economic Indicators Dashboard
(DBN)

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Real Estate:

Justice Department Appeals Ruling Throwing Out Crisis-Era Bank of America Case
(DBN)

Fannie Mae Posts $2.9 B Profit in 2Q ; Paying $2.9 B Dividend
(DBN)

Federal watchdog expands anti-money laundering disclosure rules for high-end real estate buyers
(DBN)

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Municipalities:

A Surreal Life on the Precipice in Puerto Rico
(DBN)

The king has invisible clothes: The travesty of the Flint water crisis
(DBN)

Wayne explores cost saving moves after tax plan fails
(DBN)

Municipal Finance: Vulnerable and Distressed
(DBN)

Opa-locka turned public utility into extortion racket Fmr. Opa-Locka city manager charged in corruption scheme
(DBN)

Battle Over 38 Studios Probe Reflects A Lack Of Resolution
(DBN)

Cities Losing the Most Jobs
(DBN)

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Oil/Gas:

Haynes and Boone Oil Patch Bankruptcy Monitor – Updated August 1, 2016.
(DBN)

Rig Count Rises, What's Up In The Bakken, And Some New Energy Bankruptcy Data
(DBN)

Our Oil Patch Has Been Decimated
(DBN)

Fri.: Oil prices flat after two-day rally Oil Correction Stalls On Strong Dollar, Rising Rig Count US Oil Drillers Add Rigs For Sixth Week In A Row
(DBN)

Mon.: Oil futures rally on fresh push for OPEC freeze deal OPEC to Hold Talks in September OPEC Plans Informal Talks Next Month, Sees Oil Dip Temporary Oil market on path to rebalancing, OPEC monitoring situation
(DBN)

Crude Slump Sees Oil Majors’ Debt Burden Double to $138 Billion Oil majors’ debt balloons as energy slump persists
(DBN)

Offshore Oil & Gas To Invest $800B Through 2025
(DBN)

The oil rig count keeps growing in Texas
(DBN)

Fracking Makes a Big Comeback
(DBN)

Junk energy firms still have market access
(DBN)

Here’s the one industry that shines among shale field gloom
(DBN)

Emerald Oil Gets Breathing Room For Ch. 11 Negotiations
(DBN)

Twin Butte Debt Holders Vow Court Fight If Company Sale Proceeds
(DBN)

Goodrich Receives Conditional Approval of New Financing Package
(DBN)

SandRidge bankruptcy extension approved
(DBN)

Bristow Forecasts Full-Year Loss
(DBN)

Texas School District Sues SandRidge
(DBN)

Chiron Financial retained by Equity Security Holders Committee of Energy XXI
(DBN)

Speculators And Analysts Grow More Bearish On Oil
(DBN)

Markets Adjusting ‘’Violently’’ From 8 Week Plunge
(DBN)

Singapore Faces Risk of More Oil Bond Defaults
(DBN)

DBS Profit Falls as Swiber Provisions Offset Interest Income
(DBN)

UK Sees Oil & Gas Profits Sink To 20 Year Lows
(DBN)

The Rarest Texas Flower: A New Oil Billionaire
(DBN)

European energy groups press on with multibillion-dollar disposals
(DBN)

Clinton Favors Fracking Restrictions
(DBN)

Oil Gas industry Has Lost 26% of All Workers
(DBN)

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Accounting:

PwC Must Face $1 Billion MF Global Malpractice Lawsuit: U.S. Judge
(DBN)

PwC, Plaintiff Point Fingers Ahead of Opening Statements in Negligent Auditing Trial
(DBN)

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Medical Research:

A lab is liquidated, and so is decade of cancer studies
(DBN)

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Retailing:

Aeropostale Discusses Sale to Versa Capital
(DBN)

Judge approves Total Hockey bankruptcy sale Company that bought Colorado's Players Bench gets OK for bankruptcy sale
(DBN)

Michaels buys Hancock Fabrics brand out of bankruptcy
(DBN)

Americans are abandoning a longtime status symbol — and it's killing Macy's and Nordstrom
(DBN)

Florida Shudders as Zika Spread Forces Miami Shops to Close Zika in the United States, explained in 9 maps
(DBN)

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Bankruptcy Crimes:

St. Louis: O’Fallon couple indicted on bankruptcy fraud charges
(DBN)

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Non-Profits:

High Tech Foundation files for bankruptcy
(DBN)

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Hotels:

As Taj, and Trump name, fade from A.C., no more extra pillows for guests
(DBN)

Trump Taj Mahal Owner Blames Union for Closure
(DBN)

That second tower at the defunct Riviera resort? It's boom time!
(DBN)

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Religion:

Judge approves $500,000 in Duluth diocese legal bills
(DBN)

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Directories:

Yellow-Pages Publisher Hibu Files U.S. Bankruptcy Case
(DBN)

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Tech:

Creditor buys assets of bankrupt Norman technology firm
(DBN)

Tech Giants at the Debt Buffet
(DBN)

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Gambling:

Caesars nears deadline to keep holds on high-stakes lawsuits
(DBN)

Sinatra's old Tahoe casino in bankruptcy
(DBN)

River Rock Casino seeks to restructure debt
(DBN)

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Alternative Energy:

Indian company buys failed Hoku plant in Pocatello
(DBN)

Greenko to pay $100 million to take over SunEdison’s assets here
(DBN)

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Pensions:

Who Will Bail Out Insolvent Union Pension Funds?
(DBN)

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Celebs:

Eminem’s 2016 Album rumored to be delayed due to bankruptcy?
(DBN)

7 NFL Players Who Went Broke After They Retired
(DBN)

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Metals:

Bankrupt Noranda lost nearly $12 million in June
(DBN)

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Awards:

5 Margaret Brent honorees helped level the playing field for women lawyers
(DBN)

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New Bankruptcy Opinions
(12 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 (16 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)

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Bankruptcy Statistics:

July Commercial Bankruptcy Filings Increase 10 Percent, Total Filings Fall 15 Percent
(DBN)

Tennessee still tops in bankruptcy filings
(DBN)

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Proofs of Claim:

Same As It Ever Was: Seventh Circuit Reaffirms Narrow Construction of Informal Proof of Claim Doctrine
(DBN)

Eleventh Circuit Doubles Down on Crawford
(DBN)

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Structured Dismissal:

Supreme Court to review priority - skipping settlement and structured dismissal of Chapter 11 case
(DBN)

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TBTF:

Forcing Creditors to Take Losses Is How We'll End TBTF
(DBN)

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Sanctions:

How to Win a Motion for Sanctions
(DBN)

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Priority:

Court Throws Cold Water on Plan to Pay Out Car Wash Proceeds
(DBN)

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Plan Confirmation:

Arizona District Court Applies Section 1129(a)(10) on a Per Plan Basis
(DBN)

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Tax:

Yes. It is Possible to Avoid Tax Penalty Claims in Bankruptcy
(DBN)

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Chapter 13:

You Get a Car! You Get a Car! Bankruptcy Court Gives Debtor a Car. Unsecured Creditors Get Nothing.
(DBN)

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Jurisdiction:

Stern Objections Always Must Be Raised to Avoid Potential Malpractice
(DBN)

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Automatic Stay:

Calculation of Punitive Damages Did Not Consider Amount of Attorneys’ Fees
(DBN)

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Electricity:

Energy Future Seeks Court’s Approval on Deal With NextEra
(DBN)

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Distressed Investing:

Global Strategy Helps Bain Credit Invest New $3.5bn Distressed Debt Haul
(DBN)

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Skiing:

27-year-old buyer offers $3.8M for bankrupt ski hill
(DBN)

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Student Debt:

Cracking down on abuses by student loan service companies
(DBN)

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UK:

Snooker legend Willie Thorne 'has disconnected phone to save cash' after gambling away fortune
(DBN)

Two more law firms freeze pay after Brexit vote Addleshaw Goddard and Gowling WLG freeze pay as confusion reigns at BLP
(DBN)

West Dunbartonshire has highest bankruptcy rate in Scotland
(DBN)

Insolvency rates drop across Scotland
(DBN)

Sir Philip Green told to 'do the right thing' and plug BHS pension deficit Growing pressure on Sir Philip Green to cover £700m BHS pension deficit
(DBN)

British buyouts dive 95% after Brexit vote — and slump is hitting Europe, too
(DBN)

Brexit was nothing compared to what's coming
(DBN)

How a Hairdresser’s Lawsuit Could Spell Trouble for Brexit
(DBN)

RBS Loss Widens ; Revenue Falls 17% RBS H1 loss widens to £2bn on the back of litigation costs Royal Bank of Been-Here-Before
(DBN)

Barclays: There is nothing left to fight the coming economic storm
(DBN)

Trustees Wound Up Over £3.3m Pension Liberation Racket
(DBN)

U.K., Europe Discover New Divide Over Negative Interest Rates
(DBN)

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PIIGS:

Greece: Summer break to be short-lived as negotiations loom Gov't plans to recruit 20000 to civil service The numbers don't lie Greece plans alliance of southern EU states, Malta included Greece Intensifies Crackdown On Tax Evaders Pity Greece's statistician bearing blame for errors of others
(DBN)

Courts freeze global assets of Irish developer who was previously named in Panama Papers controversy
(DBN)

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Canada:

Insolvency filing spike in Nova Scotia ‘alarming’: expert
(DBN)

No severance for laid-off Ben Moss employees -- but pizza lunches
(DBN)

Emails Show How Enron Clause Slammed Canadians Too
(DBN)

Bankrupt Arc Productions off the hook for $23-million Ontario job-creation grant
(DBN)

Canada Lost 31,200 Jobs in July
(DBN)

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India:

Public opinion helped passage of Insolvency Code
(DBN)

Deep in the red: Debt-ridden Food Corporation of India faces a reckoning
(DBN)

RBI gives nod for three asset reconstruction companies
(DBN)

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Australia:

Rugby league legend Jarrod McCracken has bankruptcy extended until 2021
(DBN)

Farmers risk losing millions as bankruptcies rise nationally
(DBN)

Aussie fugitive businessman dies in Poland owing A$1.3 billion
(DBN)

Paradise Bay Island Resort the latest Great Barrier Reef tourism facility to go under
(DBN)

Australia's Woolworths to cut jobs, close stores
(DBN)

Change bankruptcy laws to help innovators, says billionaire
(DBN)

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MENA:

Changes Expected to the Saudi Arabian Bankruptcy Law
(DBN)

Saudi Oger expected to declare bankruptcy
(DBN)

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Venezuela:

What Venezuela's diaper shortage says about the country's economic crisis
(DBN)

Venezuela’s zoo animals are dying, people could be next
(DBN)

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South Korea:

South Korea's 32 firms need restructuring, FSS says
(DBN)

DSME executive suspected of hiding losses worth $108 mn
(DBN)

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Singapore:

Oil and gas downturn spells trouble for Singapore
(DBN)

A Penny Stock DBS Couldn't Save Roils Singapore's Oil Hub, Banks
(DBN)

Deal with Swiber still alive: AMTC CEO
(DBN)

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Brazil:

Brazil: Too Many Hurdles after the Olympic Games
(DBN)

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Iceland:

Iceland Should Learn From Argentina's Bad Example
(DBN)

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Germany:

German orchestra faces bankruptcy
(DBN)

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China:

Disappointing China July imports suggest cooling domestic demand
(DBN)

Why China Can't Solve Its Debt Problem
(DBN)

China's Debt Problem Is Worse Than You Thought
(DBN)

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Turkey:

The Challenges Facing Turkey as Junk Rating Looms
(DBN)

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