December 13, 2016

The Daily Bankruptcy News

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3-Column Formating

 

Law:

Associate Bonus Watch: Firm Offers ‘Maximum Bonus Amounts’ That Match The Market Associate Bonus Watch: Still More Boutique Bonus Bounty California law firm promises to eclipse the Cravath bonus scale
(DBN)

Citi Report Claims Growth Will Remain Slow in 2017
(DBN)

Law Firms Struggle With Lateral Partner Due Diligence, Report Finds Law Firm Lateral Partner Hiring Doomed By Atrocious Due Diligence
(DBN)

BigLaw partners’ emails were reportedly hacked by people tied to Chinese government
(DBN)

Are the Best, Brightest Women Skipping Law School Altogether?
(DBN)

How a Problem Client Stuck Two Am Law 100 Firms With His Unpaid Bills
(DBN)

3 Tips to Avoid Being Deposed About Your Holiday Party
(DBN)

The Dan Markel Case: A Not-So-Merry Christmas For Katherine Magbanua
(DBN)

First US Firm Publicly Named in Data Security Class Action Unsealed suit targets law firm for alleged lax cybersecurity
(DBN)

New York law firm outlines Houston expansion plans following merger - bankruptcy practice on the menu
(DBN)

King & Wood Mallesons: An Autopsy Deconstructing King & Wood Mallesons - how did the SJ Berwin tie-up go so wrong?
(DBN)

Ashurst picks up restructuring specialist Manganelli in Milan hire
(DBN)

This Is Your Brain on Law School
(DBN)

Judge Sanctions Blank Rome Client for "I Don't Know" Witness
(DBN)

Prins defies bankruptcy judge's order by not turning over $2.4M Suspended San Antonio lawyer fails to turn over $2.4M
(DBN)

St. Louis: Desai Eggmann Mason Closing
(DBN)

From Biglaw To Legal Design Consultant
(DBN)

Lawyer Strangled To Death In His Own Office
(DBN)

No Charges Against Philadelphia Attorney Investigated for Anti-Trump Graffiti
(DBN)

Bundy Boys Back At It
(DBN)

Pro Se Madness
(DBN)

Tips For Embracing And Adapting To Transitions
(DBN)

US Prisons: 40% Should be Freed
(DBN)

Lawyer Acquitted of Fraud Can’t Sue Prosecutors
(DBN)

Associate Files $50M Head Injury Lawsuit Against Washington Metro
(DBN)

This Attorney’s Career Goes Far Beyond The Courtroom
(DBN)

New York lawyer petitions judge to identify disgruntled Google reviewer
(DBN)

Controversial Former Biglaw Attorney Relaunches His Career As Internet Mogul
(DBN)

What offer terms can I negotiate for an in house job? How do I figure out where there is room to negotiate?
(DBN)

IMF's Lagarde in French spotlight as negligence trial begins
(DBN)

Dylann Roof Had a Handwritten List of Local Black Churches in Car
(DBN)

Westworld Co-Creator on Harvard Law and Writing a Screenplay While Studying for the Bar
(DBN)

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Judges:

Interim suspension sought for judge accused of ‘sulking, vindictive behavior’ and ‘angry demeanor’
(DBN)

The Open Spot On The Supreme Court
(DBN)

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Wall Street:

Dow inches closer to 20,000, even with Fed rate hike in view
(DBN)

Stocks close mixed: Dow hits new record high as S&P 500, Nasdaq pull back
(DBN)

Goldman Sachs' No. 2 exec will get a big payout if he joins Trump's administration
(DBN)

Why Goldman Sachs Could Again Rule Wall Street
(DBN)

Economist Predicts Incredible Market Crash
(DBN)

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Layoffs:

Oilfield Services Giant Schlumberger Cuts More Jobs
(DBN)

UniCredit looks to cut 14,000 jobs
(DBN)

National and State by State Unemployment Rates
(DBN)

Animated Map of Unemployment
(DBN)

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Corporate Reform:

How the SEC chooses to target people on Wall Street
(DBN)

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Coal:

McKinley: Coal Miners Deserve a Long-Term Solution
(DBN)

Hedge fund seeks Peabody equity committee as coal roars back
(DBN)

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Personal Finance:

America may have reached a peak for credit-card rewards
(DBN)

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Fraud:

Bank fraud law reaches scheme to cheat bank depositor of account funds, Supreme Court says
(DBN)

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Ethanol:

Hugoton ethanol plant sold as company deals with bankruptcy
(DBN)

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Environmental:

Blue Wolf acquires EPP assets
(DBN)

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Education:

Accreditor of for-profit colleges loses appeal to stay alive
(DBN)

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Corporate Governance:

Managers of insolvent Missouri LLCs have no fiduciary duty to creditors
(DBN)

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Economy:

Income Inequality by State
(DBN)

Prime Working-Age Population Growing Again, Near Previous Peak
(DBN)

Yellen Outlook Blurred by Trump Fiscal Plans Yellen to tell the markets to ‘cool your jets’
(DBN)

Trump’s Victory Could Mean Big Changes for the Federal Reserve
(DBN)

US Budget Deficit Totaled $136.65B in Nov.
(DBN)

What the Fed can learn from Greenspan as it prepares for Trump
(DBN)

Globalization Doesn't Make as Much Sense Now
(DBN)

Basic income makes more sense than ever in the Trump era
(DBN)

Household Networth Increased in Q3 2016
(DBN)

The US jobs market is 'overheating'
(DBN)

What's Killing Low-Income Americans
(DBN)

Good Luck Privatizing the American Dream
(DBN)

What You Need to Earn to be in Top .01%
(DBN)

Hotels: Close to Record Year for Occupancy
(DBN)

Tax Reform Coming Via Budget Reconciliation in 2017, McConnell Says
(DBN)

US Debt Clock
(DBN)

World Debt Clock
(DBN)

Economic Indicators Dashboard
(DBN)

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Real Estate:

Fannie Mae and Freddie Mac halt evictions for the holidays
(DBN)

Flushing condo developer files bankruptcy … again
(DBN)

Morningstar adds Houston properties to real estate 'watchlist'
(DBN)

Framing Lumber Prices Up Year-over-year
(DBN)

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Municipalities:

New Jersey Wants to Fund Roads by Selling Debt to Its Pensions
(DBN)

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Oil/Gas:

Post-bankruptcy E&Ps - Ravenous Zombies May Cost Crude Price Rally
(DBN)

Oil Climbs as More Producers Join Output Cuts Oil on the up Oil catapults to July 2015 highs, as stocks eye new records Oil surges as Saudis eye deeper cuts, non-OPEC joins deal OPEC got the big output deal it wanted — but here's what could go wrong Qatar Petroleum says to cut oil production in line with OPEC deal Russia is now joining OPEC’s big push to lift crude oil prices worldwide
(DBN)

Goldman Sachs Warns The Saudis: 'U.S. Shale Will Respond'
(DBN)

Russia Delays Meeting With Oil Producers On Cuts
(DBN)

The real winners of the OPEC output deal: US shale drillers
(DBN)

OPEC’s ideal price is $60 to avoid shale oil revival
(DBN)

Oil's surge raising outlook
(DBN)

Almost 12,000 Jobs at Risk on Norwegian Continental Shelf in 2017
(DBN)

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Politics:

Trump's cabinet full of billionaires isn't a breach of populist promises — yet Trump's expected choice for State in very real danger of being blocked on the Hill Trump Fact Check: "We had a massive landslide victory, as you know, in the Electoral College." Trump Says Russians Couldn't Have Influenced 'Landslide' Win So You Say the Unemployment Rate Is 'Fictitious' ... Trump Dumps on F-35 Contract and Calls for ‘Lifetime’ Ban on Revolving Door Trump lays groundwork for a presidency of confrontation China’s richest man’s threat to Trump: 20,000 US jobs are at stake “should things be handled poorly” I'm handing my business over to my sons, and 'no new deals' while I'm president Hagel: Trump Needs Daily Intel Briefing Trump delays news conference on how he’ll handle his business President-Elect Trump Demands Lawsuit Deposition at Home for Security Reasons
(DBN)

Krugman: There was a 'subversion of American democracy by a foreign government' McConnell: It 'defies belief' that some GOP senators would ignore Russian tactics How U.S. Could Retaliate for Russian Intervention FBI Told GOP in June, You've Been Hacked
(DBN)

Trump to nominate Exxon CEO Tillerson as U.S. secretary of state -statement Tillerson's Deep Ties to Putin and Russia
(DBN)

Union boss who called Trump a liar gets it from all sides
(DBN)

Elizabeth Warren Condemns the Wrong Man
(DBN)

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Rail:

The non-profit that took on Valeant has a new investigation on another hedge fund darling
(DBN)

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Retailing:

Retail hiring falls 14% in October and November
(DBN)

Sears: The Demise Of A Battleship
(DBN)

American Apparel Wins Approval of Its Bankruptcy Loan
(DBN)

Zombie Brands Are Hard to Kill
(DBN)

______________

Celebs:

Case Closed! Teresa Giudice's Bankruptcy Settlement Revealed
(DBN)

______________

Packaging:

Werthan Packaging files for Chapter 11 - Sixth-generation company proposes sale to rival company
(DBN)

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Media:

Womble Carlyle Takes Lead for Bankrupt Digital Sports Network
(DBN)

______________

Bankruptcy Crimes:

Developer Indicted For Embezzling From A Bankruptcy Estate
(DBN)

______________

Autos:

Takata Air Bag Litigation Special Master Resigns
(DBN)

______________

Shipping:

Hanjin Shipping likely to liquidate on PwC's recommendation
(DBN)

HMM to Receive Additional Funds of 300 Billion Won from Creditors
(DBN)

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New Bankruptcy Opinions
(4 new opinions today - DBN)

Bankruptcy Court Web/Pacer Site Directory

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

Recent Ch. 11 Filings (20 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (17 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)

12th Annual NYIC/AIRA Joint Bankruptcy and Restructuring Event
(DBN)

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Bankruptcy Statistics:

Weekly Bankruptcy Claims Trading Activity
(DBN)

______________

Avoidance Actions:

Quantum Foods – – Administrative Expense Claims as an Avoidance Offset.
(DBN)

Existence of Unpaid Tax Claim in Bankruptcy Opens the Door to Expanded Statute of Limitations on Fraudulent Conveyances
(DBN)

Federal District Court Reinstates Fraudulent Transfer Challenge to Lyondell LBO
(DBN)

______________

Insurance:

Fifth Circuit Holds No Defense or Indemnity for Creditors’ Suit Against Insured Based on Bankruptcy and Creditors Exclusion in D&O Policy
(DBN)

______________

Miscellaneous:

Roundtable: Bankruptcy & Restructuring
(DBN)

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Religion:

Protection for Religious Entities in Bankruptcy
(DBN)

Substantive Consolidation with Non-Bankrupt Religious Institutions Barred by Section 303(a)
(DBN)

______________

Personal Bankruptcy:

Converting from Chapter 7 to Chapter 13 Postdischarge
(DBN)

______________

TBTF:

Supreme Court Declines Hank Greenberg's Appeal in New York Civil Fraud Case
(DBN)

______________

Student Debt:

Student-Debt Forgiveness Irks Some Borrowers
(DBN)

______________

Sovereigns:

The rise of sovereign credit rating downgrades
(DBN)

______________

UK:

London church faces bankruptcy
(DBN)

Money woes more likely to affect women through life
(DBN)

U.K. consumer-price growth climbs to 2-year high
(DBN)

______________

PIIGS:

Time For Italy to Be Clear About Its Troubled Banks
(DBN)

Greece passes austerity 2017 budget, eyes 2.7 percent growth
(DBN)

Greek 10 Years Pass 8% On Rumor Of Voluntary Bankruptcy
(DBN)

Don't Blame Us for Greek Austerity, IMF Says as Loan Talks Drag Greece Needs Fiscal Breathing Room Greece Heads Toward New Crisis in Debt Saga
(DBN)

Spanish state may be saddled with bankrupt motorways, minister says
(DBN)

New Italy PM Gentiloni says ready to intervene to support banks Italy's largest bank to shed $18.8B in bad loans, cut jobs Italy's biggest bank is trying a €13-billion fix for its bad debt problem
(DBN)

______________

Canada:

Hayes McNeill & Partners Ltd. joins Grant Thornton Limited
(DBN)

______________

Venezuela:

Venezuela seizes toys seen as overpriced, will distribute to poor
(DBN)

The Venezuelan Crisis Continues To Spiral Out Of Control
(DBN)

Venezuela Follows India's Example and Voids Half of Its Cash
(DBN)

______________

Bahamas:

Baha Mar to be sold to Chow Tai Fook Enterprises Limited
(DBN)

______________

Brazil:

Oi open to sweeter terms for creditors in debt deal
(DBN)

Brazilian watchdog near approval of Oi board changes
(DBN)

______________

Asia:

Asia’s Next Wave of Debt Restructuring
(DBN)

______________

China:

Preventing Insolvency: How to Plan the Cash Flow and Financing of a WFOE in China
(DBN)

______________

Mozambique:

Mozambique: World Bank Warns of 'Uncertain Outlook'
(DBN)

______________

Australia:

Rogue bondholder seeks to block Emeco's three-way merger
(DBN)

______________

Malta:

No more state aid for Air Malta , Brussels confirms
(DBN)

______________

Sri Lanka:

Winding Up Of A Limited Liability Company In Sri Lanka.
(DBN)

Personal Liability Of Directors For Failure To Meet Their Obligations Under The Provisions Relating To Solvency Test
(DBN)

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