December 12, 2016

The Daily Bankruptcy News

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Law:

Associate Bonus Watch: More Big Boutique Bonuses
(DBN)

The Associate’s Guide To Holiday Parties
(DBN)

Huge Hearing Could Decide The Fate Of Litigation Finance
(DBN)

Fall 2017 Law School Applicants Down 5.1%
(DBN)

Chicago Law Firm Accused of Lax Data Security in Lawsuit
(DBN)

Prins' law license suspended; he faces possible arrest in Houston
(DBN)

Biglaw Associate That Failed The Bar Exam? You’re Out.
(DBN)

In-House Lawyers Should Watch Their Law Firms in Court, Judges Say
(DBN)

King & Wood Mallesons Gets ‘Purchase Offers’ For EUME Branch Winston & Strawn enters fray as KWM Europe reviews offers from multiple firms
(DBN)

Corporate America Pressures Law Firms to Promote Minorities Law Firms Risk Losing Corporate Work Unless They Promote Women
(DBN)

SCOTUS to probe penalties for data-concealing lawyers
(DBN)

Former inmate attends law school, earns a Skadden Fellowship to help other convicts with re-entry
(DBN)

5 ways you are screwing up your iPhone battery
(DBN)

Is AI Placing Legal at the Forefront of Industries?
(DBN)

After In-House Careers, Lawyers Find Freedom in Launching Consulting Firms
(DBN)

How to stop using filler words like ‘um' and 'uh' while you speak
(DBN)

Linklaters lawyers to learn coding under new innovation scheme
(DBN)

22 Signs You May be a Narcissist
(DBN)

2016 Holiday Gift Guide for Lawyers
(DBN)

Deviant Lawyer Psychology
(DBN)

Judge Denies Bond For Katherine Magbanua, Charged With First Degree Murder In Killing Of Dan Markel
(DBN)

Judge tosses fraud charges against lawyer whose wife died after raid on their home
(DBN)

7 Fantastic Excerpts From Former Biglaw Attorney Megyn Kelly’s Autobiography, ‘Settle For More’
(DBN)

New York lawyer killed on sailing trip in Puerto Rico
(DBN)

The Role Of Lawyers In Classic Novels
(DBN)

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Judges:

Judge on Trump's Short List Dodges the Tough Question
(DBN)

SCOTUS shortlisters recuse in Michigan recount suit; one notes his ‘extraordinarily remote’ chance
(DBN)

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Wall Street:

US futures point to flat open
(DBN)

Stocks close at records as Dow logs fifth week of gains
(DBN)

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Layoffs:

Kane Co. going out of business, laying off 1,000
(DBN)

Endo lays off 375 in Chesco sales staff
(DBN)

National and State by State Unemployment Rates
(DBN)

Animated Map of Unemployment
(DBN)

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Retailing:

Karmaloop Climbed Out of Bankruptcy—So Where Does It Go From Here?
(DBN)

We went to Sears and saw why the company is imploding Sears Canada posts bigger quarterly loss Sears Transformed America. It Deserves to Die With Dignity. Why Sears Failed
(DBN)

JCPenney, Kohl's, Macy's and Sears sued over misleading prices
(DBN)

Sources say J. Crew is preparing for a possible debt restructuring J.Crew moving IP to unrestricted Cayman subsidiary
(DBN)

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Celebs:

'RHONJ' star Teresa Giudice's bankruptcy settlement approved by court
(DBN)

50 Cent Wins Big Settlement That Will Help Pay Debts
(DBN)

Report: Bill Cosby Will Seek a Plea Deal in Hopes of Avoiding Prison Time
(DBN)

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Private Equity:

Rescue deal for Twinkies devoured jobs, but equity execs had their snack cake, ate it too How the Twinkie Made the Superrich Even Richer
(DBN)

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Aviation:

American Airlines prospering five years after filing for bankruptcy
(DBN)

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Politics:

Trump: I'm a 'smart person,' don't need intelligence briefings every single day Trump says Wall Street Journal doesn't 'understand business' Rubio chides Trump for boasting about likely secretary of state pick's relationship with Putin Trump slams 'ridiculous' report of Russian election hacking, claims Obama could be trying to undercut him Schumer: Reports of Russia's interference in the election should shake us to the core Alarming Response to Russia's Meddling In US Election Obama-Congress Knew About Russian Hacking Trump: US not exactly required to continue 'one China' policy A majority of Americans are concerned about Trump and conflicts of interest Two longtime ethics experts argue Trump’s business conflicts are so big it should affect how the Electoral College votes Trump says executives will run his business empire with his children Bush Ethics Lawyer to Trump: Divest It All Rove Pounds Trump on Boeing Comments Fear of Energy Department Witch Hunt Just 40% of Americans Approve of Trump’s Cabinet Choices Goldman Sachs Picks Could Open Donald Trump to Criticism Why Trump keeps hiring Goldman Sachs bankers Trump has shaken up decades of diplomacy with 4 phone calls
(DBN)

New Heads of US Agencies Actually Hate Them
(DBN)

DOJ: President Can't Use Powers in Secret
(DBN)

Governments Worldwide are Collapsing
(DBN)

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Education:

Dowling’s demise
(DBN)

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Textiles:

Another potential buyer emerges for Microfibres
(DBN)

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Amusement Parks:

Investors declare Scuttle's Island a 'failed water park venture' Scuttle's Island not coming to Exit 5
(DBN)

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Mining:

Shuttered Magnetation has a unusual buyer: A pro-coal conservationist
(DBN)

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Banking:

Wells Fargo moves to begin internal investigation into fake accounts
(DBN)

New Allegations of Fraud at Wells Fargo
(DBN)

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Economy:

Corporate debt is at levels last seen during the dotcom bubble
(DBN)

Oil surges to 1 1/2-year high, Fed rate increase looms Look for the Fed to hike interest rates this week and ignore the elephant in the room
(DBN)

Why the Fed will no longer be the big deal when it meets
(DBN)

Trump’s election pushes up consumer optimism
(DBN)

Trump's election is causing extreme swings in the US economy
(DBN)

Study: American Household Credit Card Debt Reaches Record Amount
(DBN)

How Trump-era trade policy threatens to send up the prices you see on store shelves
(DBN)

Fed's Flow of Funds: Household Net Worth increased in Q3
(DBN)

Consumer Borrowing Rates Slow in October
(DBN)

Trumpland: Factories Hum, Paychecks Thin
(DBN)

Preliminary November Consumer Sentiment increases to 98.0
(DBN)

Annual U.S. Employment Gains and Losses Since 1975
(DBN)

This is how much you need to earn to be in the top .01% of every state
(DBN)

Here's why you shouldn't trust the unemployment rate Trump Says the Unemployment Rate Is Bogus -- and His Labor Pick Puzder Agrees
(DBN)

Economic Growth Alone Won’t Make America Great Again
(DBN)

Economists Are Out. Goldman Is Back In.
(DBN)

America's 25 Dying Industries
(DBN)

Chart: How Trump Tax Cuts Will Affect You
(DBN)

5 Million US Jobs Depend on Trade w/ Mexico
(DBN)

Review of FOMC Projections Merrill: FOMC Preview Goldman: FOMC Preview Nomura: FOMC Preview
(DBN)

Senate Avoids Government Shutdown After Democrats End Standoff
(DBN)

Portland will tax companies that reward CEOs with disproportionately high pay
(DBN)

Most voters support a minimum-wage hike to at least $10 an hour — that's now looking very unlikely
(DBN)

US Debt Clock
(DBN)

World Debt Clock
(DBN)

Economic Indicators Dashboard
(DBN)

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Real Estate:

Bankruptcy case sparks auction of luxury condo near Palm Beach
(DBN)

A snapshot of today’s first-time homebuyer
(DBN)

Here are the 25 cities with the biggest rent hikes
(DBN)

Homes with negative equity decrease more than 10%
(DBN)

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Municipalities:

San Bernardino reaches major bankruptcy milestone
(DBN)

San Bernardino mayor looks ahead to post-bankruptcy priorities
(DBN)

Upcoming CPS bond issue gets favorable outlook from Wall Street Fitch signs off on school bonds, but raises bankruptcy specter
(DBN)

A case study of three D-League cities: successes and bankruptcy
(DBN)

Dallas pension fund halts payments following mayor's lawsuit
(DBN)

Dallas Is No Detroit (We Hope)
(DBN)

How a do-gooding startup inadvertently deepened inequality in Detroit
(DBN)

 

How Trump's Schools Chief Helped Turn Around Detroit
(DBN)

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Oil/Gas:

Oil is going crazy Oil prices soar after non-OPEC producers agree to cut output Oil jumps after Russia joins OPEC cut but deal a 'temporary fix': Analyst
(DBN)

OPEC has reached a historic deal with non-members for the first time in 15 years Non-OPEC Producers to Cut 558,000 BPD OPEC is Doomed to Repeat Its History OPEC Has a Deal, But Will Its Members Comply? Goldman Says Oil Production Cuts Could Add $6 to Its Per-Barrel Forecast Goldman says non-OPEC output cut deal aimed at inventory glut
(DBN)

US shale could start hiring soon Analysts think the oil cut deal could bring US shale back from the brink
(DBN)

Not So Prolific: U.S. Shale Faces A Reality Check
(DBN)

U.S. Shale Patch Dominates Top 10 Oil Investment Ranking
(DBN)

When a Business Faltered, Small Investors Stood Their Ground
(DBN)

Trump reportedly settles on Exxon Mobil CEO Rex Tillerson as secretary of state
(DBN)

Basic Energy Services Obtains Court Approval Of Restructuring And Recapitalization Plan Basic Energy Prepares to Emerge From Chapter 11
(DBN)

Triangle Petroleum Near the End of the Road
(DBN)

Texas leads biggest rig count jump since April 2014 Baker Hughes: US Drillers Add The Most Oil Rigs Since July 2015
(DBN)

Trump Memo: Shake Up of Energy Policy
(DBN)

The Dramatic Consequences Of Cheap Energy For The Global Economy
(DBN)

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Coal:

Nearly half of US coal is produced by companies that have declared bankruptcy — and Trump won’t fix that
(DBN)

Coal CEO pressing Trump to speak up for miners' benefits
(DBN)

Retired coal workers get 4-month extension on health coverage
(DBN)

Why a fight over coal miners could shut down the government
(DBN)

Peabody Energy Shareholders Are Excited After Mangrove Files A Request For An Official Equity Committee
(DBN)

Coal production on track to hit historic low
(DBN)

Coal – Don’t Try To Catch A Falling Knife
(DBN)

Global coal demand will barely grow through 2021, says International Energy Agency
(DBN)

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Tech:

Judge OK's Quirky bankruptcy sale
(DBN)

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Media:

Scout Media Files for Chapter 11 Bankruptcy
(DBN)

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Music:

Shareholders fail to halt SFX LiveStyle rebrand
(DBN)

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Ethanol:

Hugoton cellulosic ethanol plant sold out of bankruptcy
(DBN)

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Electricity:

Illinois Power Generating Company Filed for Court Approval of Prepackaged Reorganization Plan
(DBN)

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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 (45 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (8 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:

Data: Kansas' 10 largest bankruptcies of 2016
(DBN)

These were Cincinnati's largest bankruptcies of 2016
(DBN)

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Make-Whole:

Third Court of Appeals Does Not Follow Momentive and Enforces Make-Whole Payments Resulting from Redemption of Notes
(DBN)

Third Circuit Reverses and Requires EFIH to Pay Make-Whole Claims
(DBN)

Punt, Pass or Kick? Supreme Court Struggles With Jevic at Oral Argument
(DBN)

Supreme Court Hears Oral Argument in Jevic on Whether Distribution of Settlement Proceeds May Depart From Statutory Priority Scheme
(DBN)

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Cross-Border:

U.S. court backs Abengoa debt deal; bankruptcy ruling due soon
(DBN)

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Settlements:

Justices debate creditor collusion, role of settlements in bankruptcy cases
(DBN)

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TBTF:

Fed to meet on finalizing major too-big-to-fail rule before Obama leaves
(DBN)

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Bankruptcy Policy:

Bankruptcy's Endowment Effect
(DBN)

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Appeals:

Unresolved Attorneys’ Fees Do Not Affect ‘Finality,’ Eleventh Circuit Holds
(DBN)

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Awards:

Law Students Win Bankruptcy Scholarship Competition
(DBN)

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Alternative Energy:

Noble Environmental Wins Court Approval of Bankruptcy -Exit Plan
(DBN)

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Personal Finance:

21 signs it's time to quit your job
(DBN)

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Corporate Reform:

U.S. Limits on Wall Street Bonuses Appear Doomed Ahead of Trump
(DBN)

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Radio:

iHeartMedia downgraded as Fitch cites potential for bankruptcy
(DBN)

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Debt Collection:

Attorney Collecting Debt For A Debt Collector May Not Rely On Client’s Validation Notice
(DBN)

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UK:

Bid to claw back £8m fees from BHS sale advisers who aided a thrice-bankrupt in buying high street chain
(DBN)

UK Supreme Court president says it will give Article 50 case judgment 'as soon as possible'
(DBN)

'Zombie' firms that live on debt are risking disaster
(DBN)

Thousands of people have backed a Brexit legal challenge to find out if Article 50 is reversible
(DBN)

Endurance Wind Power bankruptcy spreads to UK
(DBN)

AlixPartners and Alvarez & Marsal add consultants from rivals
(DBN)

The UK's biggest companies are highly pessimistic about the economy in 2017
(DBN)

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PIIGS:

Greece passes austerity budget; forecasts growth Greece's Tsipras to meet Germany's Merkel in Berlin Friday
(DBN)

Insolvency and Enforcement Reforms in Italy
(DBN)

Italy Is Up Against the Wall With Bank Bailout Italy president starts talks to seek way out of political crisis Italian decree to support banking system is ready - govt sources
(DBN)

ECB rejects Monte Paschi's request for more time to raise capital - source Monte Paschi Pursues Its Capital Plan to Avoid State Rescue Monte dei Paschi races to raise €5 bln to stay afloat Italy Poised to Help Monte dei Paschi if Capital Raising Fails Monte dei Paschi managers met banks, Italy econ minister- Trsy source Monte Paschi Crisis More Serious than Expected: Elser The crisis at the world's oldest bank is edging closer to a solution
(DBN)

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Canada:

Sears gambles on groceries as losses more than double
(DBN)

Overview of Proposal for Restructuring Stelco Ontario steelmaker Stelco seeks court OK for moving ahead with restructuring
(DBN)

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Brazil:

Creditors to present Brazil's Oi with new restructuring plan
(DBN)

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Australia:

To stay or not to stay? Stay and suspension of enforcement proceedings in cross border insolvencies
(DBN)

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China:

China debt: swap shop
(DBN)

Financial wizardry alone won't stave off a Chinese debt crisis
(DBN)

Why 2017 Could Be Do-or-Die for China's Bond-Fueled Builders
(DBN)

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Belize:

Belize and creditors kick off restructuring talks
(DBN)

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MENA:

Distressed deals rising across Middle East after oil slump
(DBN)

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