December 20, 2016

The Daily Bankruptcy News

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3-Column Formating

 

Law:

Associate Bonus Watch: Achin’ For More Cash? This Firm Beat Market (For Some)!
(DBN)

Associate Bonus Watch: This Prestigious Biglaw Firm Has Announced Its Bonuses
(DBN)

2016 Associate Salary Raises Cost Big Firms ~$11.6M
(DBN)

It’s Almost 2017, Bring Out the Benchmarks!
(DBN)

What She Says; What He Hears
(DBN)

Why This California Case Is Driving a Wedge Between Law Firms and Clients
(DBN)

The Dan Markel Case: Slow Your Roll On Wendi Adelson
(DBN)

Bankruptcy Lawyer: The Power Of Setting An Intention
(DBN)

Firms are swooping in to scoop up available talent from King & Wood Mallesons' embattled EUME arm K&L Gates and Orrick pick up Munich KWM partners Magic circle and other top City law firms to take on all of King & Wood Mallesons’ trainees
(DBN)

'This isn't the end of the journey': Eversheds eyes further US tie-ups after Sutherland merger
(DBN)

Infilaw Gave Indicted S.C. Legislator $35K That Was Totally Not A Bribe, Says Infilaw
(DBN)

Working Mother is surveying law firms to find the best ones for family flexibility
(DBN)

Federal student financial aid yanked at Charlotte School of Law Law School DENIED Access To Federal Student Loan Dollars Will This Law School Close After Feds Cut Funding?
(DBN)

The Shameful Truth Is That Many Law Schools Have Admitted Students With Low LSAT Scores To Prop Up Tuition Revenue And Now Seek To Avoid Accountability For The Ensuing Poor Bar Passage Results
(DBN)

Women Receive Lower Grades Than Men In Large Law School Classes
(DBN)

6 Often-Overlooked Cloud Security Considerations
(DBN)

The ABA’s Proposed 75% Bar Passage Rule And The Coming Job Destruction Caused By Artificial Intelligence
(DBN)

A Very Old Law Review
(DBN)

The more you understand AI software, the better you can appraise its benefits
(DBN)

Building And Retaining The Best Team
(DBN)

4,000 Lawyers Sign Ultimately Useless Petition
(DBN)

Obama just issued the largest number of individual clemencies in a single day
(DBN)

Uber Driver Stabs Beverly Hills Customer
(DBN)

Haaretz: Trump's Pick of Bankruptcy Lawyer for Envoy to Israel: For Greater Israel or the Greater Good? The U.S. is finally out of the closet Trump’s ambassador pick once tipped him off on Israeli golf course site Trump’s Israel envoy should be persona non grata Trump's Israel envoy pick shakes up American Jewish status quo Trump’s nominee for ambassador to Israel is unfit to serve Friedman Is The Right U.S. Ambassador for Israel
(DBN)

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Judges:

Roberts Denies Bid to Force Vote on Merrick Garland Chief justice denies lawyer’s emergency petition to force Garland vote
(DBN)

What The Money Says About Federal Judges on Trump’s SCOTUS List
(DBN)

'Judicial Hellholes' Report Trains Fire on South Texas County
(DBN)

Investigative Report Shows Brock Turner’s Judge Really Wasn’t ‘Biased’
(DBN)

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Wall Street:

Dow futures point to slow march higher toward 20,000 mark
(DBN)

Stocks close higher but Dow still remains below 20000
(DBN)

Barron's couldn't find anyone that thinks the stock market will tank in 2017
(DBN)

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Layoffs:

GM to Lay Off Nearly 1,300 Workers at Detroit Plant
(DBN)

Pompano Beach call center to lay off more than 800 employees
(DBN)

More Boeing job cuts ahead in the new year
(DBN)

National and State by State Unemployment Rates
(DBN)

Animated Map of Unemployment
(DBN)

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Celebs:

IMF's Lagarde found guilty in French tycoon payout trial IMF board to consider Lagarde negligence verdict: spokesman Lagarde’s Future at IMF Uncertain After Guilty Verdict in French Court IMF Board Backs Lagarde Following Conviction for Negligence
(DBN)

Amy Schumer Buys Back the Farm Her Family Lost When They Went Bankrupt

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Politics:

It's Official Trump Wins Electoral College After Clinton Loses The Most Defections Of “Faithless Elector” A majority of Republicans think Trump won the popular vote A poorly-worded question led the internet to freak out about 52% of Republicans thinking Trump won the popular vote Trump's team of billionaires Trump staff receives secret briefing from Mossad chief Yossi Cohen Why Trump Appointees Will Be Effective, for Better or Worse Is Trump Serious About Rebuilding America?
(DBN)

Ex-U.S. Attorney Yang Is Trump’s Top Contender for SEC
(DBN)

Why a Routine Investigation into the Russian Hack Attack Is ‘Not Good Enough’
(DBN)

FBI Ordered to Unseal Warrant Used to Get Clinton Emails During Weiner Probe
(DBN)

Obama offers blunt assessment of why Democrats lost 2016 presidential election
(DBN)

Faithless electors turn out to be Democrats, not Republicans Washington State Will Enforce Penalties Against 4 ‘Faithless’ Clinton Electors
(DBN)

Team Bernie: We Told Hillary She was in Trouble
(DBN)

Trump's sons behind Texas nonprofit selling access to president-elect
(DBN)

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Autos:

GM to Cut Production at Four U.S. Plants to Reduce Swollen Inventories
(DBN)

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Marijuana:

The risks are high in lending money to pot businesses: 'This is not for the faint of heart'
(DBN)

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Student Debt:

The U.S. Government Is Collecting Student Loans It Promised to Forgive
(DBN)

Senators Push for Student Loan Forgiveness
(DBN)

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Defaults:

Global corporate defaults hit 150 for 2016, most since financial crisis
(DBN)

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Economy:

Yellen: "Strongest job market in nearly a decade"
(DBN)

Coming Soon: Trump vs. Yellen
(DBN)

Unprecedented Spending Trends in America, in One Chart
(DBN)

This is how much credit-card debt Americans racked up in 2016…
(DBN)

U.S. Startups Are Piling on Debt
(DBN)

James Bullard: It may be time for the Fed to shrink its $4.5 trillion balance sheet
(DBN)

LA area Port Traffic increases Year-over-year in November
(DBN)

Rising dollar threatens Trump's economic plans
(DBN)

State Unemployment Rates: Current Rate vs. 2007 Recession
(DBN)

Experts could be looking at Trump’s economic plans the wrong way
(DBN)

Donald Trump's cabinet picks suggest he's a supply-sider
(DBN)

Goldman Sachs: 4 key transitions we’re watching in 2017
(DBN)

El-Erian: Trump needs this help if he’s to deliver on his economic plan
(DBN)

Trump’s Treasury Pick Moves in Secretive Hedge Fund Circles
(DBN)

Mark Cuban says this is what Trump should do with his infrastructure billions
(DBN)

About half of Americans support giving residents cash when robots take their jobs
(DBN)

US Debt Clock
(DBN)

World Debt Clock
(DBN)

Economic Indicators Dashboard
(DBN)

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Real Estate:

Mortgage-interest deduction endangered in Trump's tax reform
(DBN)

Rate increase to bring cool-down in 2017
(DBN)

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Municipalities:

Things You May Have Forgotten About Chapter 9 Municipal Restructurings
(DBN)

Dallas' pension woes are actually worse than you think
(DBN)

So Much for Expensive Stadiums Improving Surrounding Businesses
(DBN)

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Oil/Gas:

Oil near flat in quiet trade, supply outlook unclear Oil Seesaws As Markets Wait For OPEC Cuts To Materialize Planned OPEC production cut bringing out the bulls
(DBN)

Oil needs to stay at $55 a barrel for the industry to turn around: Wood Mackenzie
(DBN)

Who Won The 2016 Oil War?
(DBN)

Traders Most Bullish On Oil Since 2014
(DBN)

Rosneft To Ramp Up Global Expansion Under Trump
(DBN)

Trump Tax a Wild Card for Oil
(DBN)

How will the oil and gas industry do in 2017?
(DBN)

S&P: “Weakest Link” Count Remains High, with Oil/Gas Again Leading Way
(DBN)

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Fraud:

Platinum Partners founder charged with $1 billion fraud Platinum Partners' Executives Charged With Investor Fraud n Platinum Partners Executives Become Most Predictable Arrests Ever Founder of Hedge Fund Tied to Sprawling New York Corruption Scheme Charged in $1B Fraud Hedge funders charged in $1 billion fraud emailed about fleeing the US, prosecutors say Prosecutors Allege $1.3 Billion Hedge Fund Platinum Partners Operated 'Like A Ponzi Scheme'
(DBN)

US proposed $5 billion-$7 billion penalty for Credit Suisse toxic debt: Report
(DBN)

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Coal:

How the Bluest State Became the Reddest
(DBN)

The coal rally is cooling off
(DBN)

Trump’s promise to coal miners will hurt jobs in other Republican states
(DBN)

Coal industry set for steep price falls: analysts
(DBN)

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Agriculture:

Be Prepared Before Your Borrower Files a Farm Bankruptcy
(DBN)

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Banking:

Deutsche Bank Taking Last Minute Shot At Going Into 2017 Without An 11-Figure Fine Around Its Neck
(DBN)

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Coal:

Groundbreaking Study Shows New Coal Plants Are Uneconomic In 97 Percent Of US Counties
(DBN)

Giant of Coking Coal Bounces Back From Brink as Price Rockets
(DBN)

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Taxis:

Uber lost $800 million in the third quarter
(DBN)

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Retailing:

American Apparel Fabric Taken Hostage Now Being Dyed by Tri-Star
(DBN)

American Apparel Gets Approval to Liquidate Nine Locations
(DBN)

Red flag for retailers this holiday season? Millionaires cutting back
(DBN)

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Shipping:

Farstad stops paying interest to creditors
(DBN)

O&M players have their backs to wall on tightening cash flows
(DBN)

2016: A year of tumult for shipping
(DBN)

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Healthcare:

Medical-Device Company Lensar Files for Chapter 11
(DBN)

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Media:

Scout Media Can Use Bankruptcy Loan
(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 (11 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (110 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:

Weekly Bankruptcy Claims Trading Activity
(DBN)

2016 Ch. 11 cases reporting over $100M in liabilities by sector
(DBN)

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LBOs:

Seventh Circuit Exposes Leveraged Buy-Outs to Avoidance Risk in FTI v. Merit Management
(DBN)

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Avoidance Actions:

Tenth Circuit Quashes Fraudulent Transfer Suit Against Asset Buyer
(DBN)

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TIA:

Cliffs Natural Decision Offers Some Clarity Post-Marblegate to Issuers Planning Exchange Offers
(DBN)

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Exemptions:

Debtor Has Valid Homestead Exemptions Even Without Equity in the Property
(DBN)

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Bankruptcy Reform:

Senator Reed Introduces Study Bill to Assess Systemic Risk Impact of “Bankruptcy-for-Banks” Reforms
(DBN)

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Gambling:

Caesars Lenders Move to Potentially Terminate Restructuring Pact
(DBN)

Gambling industry hopes casino mogul in White House pays off
(DBN)

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Awards:

Richard Cooper Named ‘Outstanding Restructuring Lawyer’ by Turnarounds and Workouts
(DBN)

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Corporate Governance:

In new appraisal opinion, Delaware judge tries to calm M&A bar
(DBN)

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Litigation:

Drawing Negative Inference When Civil Defendant Invokes Fifth Amendment
(DBN)

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Sovereigns:

The Doctrine of the “Odious Debt”
(DBN)

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UK:

Insolvency horizon scanning for 2017
(DBN)

The Insolvency Rules 2016: worth the wait?
(DBN)

Legal sector 'at risk' without Brexit guarantees
(DBN)

Even biggest doomsayers now think a Brexit recession is dead in the water
(DBN)

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PIIGS:

Italy court acquits four former JPMorgan execs in Parmalat case: source
(DBN)

Banco Espirito Santo retail customers to get 60 pct of money back
(DBN)

Italy Said to Weigh Boosting Public Debt to Prepare Bank Aid
(DBN)

Monte Paschi Plan Threatened by Loan Term Doubts
(DBN)

Italy seeks to borrow $21 billion to prop up banking sector and rescue BMPS
(DBN)

Brace Yourself For Italy's Bankruptcy
(DBN)

Ukraine Shows Italy How to Do a Bailout
(DBN)

Mick Wallace's bankruptcy latest chapter in Cerberus feud Wallace says Cerberus bankruptcy move agenda-driven
(DBN)

EWG to criticize Greek government handouts
(DBN)

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Ukraine:

Ukraine's largest bank rescued by state, Poroshenko urges depositors to stay calm
(DBN)

Ukrainian Magnate's Energy Group Files for U.S. Bankruptcy Protection
(DBN)

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MENA:

Fitch: Courts Will Be Key to Implementing New UAE Bankruptcy Law
(DBN)

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Hong Kong:

Bankruptcy hearings loom for disqualified Hong Kong lawmakers after they fail to repay money
(DBN)

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Singapore:

Singapore Unveils New Proposed Debt Restructuring Legislation.
(DBN)

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Brazil:

Brazil to Crack Down on 476% Annual Credit Card Rates, Again
(DBN)

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Australia:

Company insolvencies hit eight year low
(DBN)

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Nigeria:

Duties of a director in the insolvency vicinity
(DBN)

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China:

Creditors ' China Conundrum
(DBN)

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