July 14, 2016

The Daily Bankruptcy News

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Law:

The Best Law Firms To Work For: Biglaw ‘Quality Of Life’ Rankings
(DBN)

Reed Smith bolsters its financial services practice further with financial restructuring partner Another Ashurst exit as restructuring partner Roberts quits for Reed Smith
(DBN)

 

Tom Brady just got dealt another big blow in the Deflategate case It’s Fourth and Long for Tom Brady
(DBN)

Forget Khakis, Law Firms Take 'Casual' to the Next Level
(DBN)

Sanctions Sought for 'Truly Outrageous' Deposition
(DBN)

Lying to Get You Drunk Isn't the Same as Fraud
(DBN)

Effective Lawyering Is More Than Just Knowing The Law
(DBN)

Bank Of America Has Never Heard Of This ‘Bro Club’ Of Which You Speak
(DBN)

Law student who posts bikini pictures online 'called a w---- and told she'll never get a job'
(DBN)

Almost half of female UK lawyers have suffered workplace harassment, report finds
(DBN)

Case Western To Close During Republican Convention After Faculty, Student Object To Housing Police In Campus Dorms
(DBN)

Law Review Editor And Prof Spar After He Declines To Publish Article Rather Than Accept Offer From Low-Ranked Journal
(DBN)

Pokemon Go spurs lawyers to stop and consider legal issues
(DBN)

Open carry made policing ‘difficult at best’ in Dallas — and worries have intensified ahead of Cleveland's big event
(DBN)

Ex-Sidley Partner to Stand Trial for Tax Fraud Next Year
(DBN)

No One Writes ‘I’m A Racist’ On Their Résumé
(DBN)

Black GOP Senator Shares Experiences With Racial Profiling: "I Have Felt the Anger"
(DBN)

CT: Suit Says Managing Partner Pressured Female Staff for S--
(DBN)

Preet Bharara: 'Millions of people' across the country believe police departments are biased against them
(DBN)

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Judges:

Trump: Ginsburg should resign! Before Ginsburg: Trump’s Previous Resignation Calls on Twitter Ruth Bader Ginsburg is under fire from all directions Is Justice Ruth Bader Ginsburg Violating Federal Law By Sounding Off About Donald Trump? If You Don’t Like Ginsburg’s Comments, I Have A Jabot You Can Cry Into Justice Ginsburg - Just one of many SCOTUS justices who were openly political
(DBN)

We Could Use Thurgood Marshall's Wisdom These Days
(DBN)

Courthouse shooter was accused of keeping teen in shed, prosecutor says
(DBN)

“New Report Finds State Court Judges Tend to Decide Election Cases Based on Partisan Loyalty”
(DBN)

Judge Judy's $47m salary at the center of lawsuit against CBS
(DBN)

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Wall Street:

Dow futures jump 100 points as traders bank on BOE rate cut Dow industrials set to open up triple digits, with all eyes on earnings
(DBN)

Global stocks hit eight-month highs ahead of BoE Brexit response
(DBN)

Stocks close indecisive day with tiny gains
(DBN)

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Layoffs:

165 layoffs announced for Walker Machinery and Whayne Supply
(DBN)

National and State by State Unemployment Rates
(DBN)

Animated Map of Unemployment
(DBN)

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Politics:

Trump Vaults To Swing-State Leads 'It's a little bit like "The Apprentice"': Speculation over Trump's VP pick is reaching a fever pitch Donald Trump is trying to block the release of court videos that could give 'a more complete picture' of Trump University Trump's grim picture of the US isn't backed up by the crime statistics Donald Trump Wants an Attack Dog as His Running Mate Corey Lewandowski Is Being Paid By Donald Trump While Being Paid By CNN To Talk About Donald Trump Trump on Par With Romney Among White Evangelicals, Pew Poll Finds Donald Trump is seeking $10 million in damages from a former senior campaign member Trump VP: Friday
(DBN)

Meet the 9 people who could be Hillary Clinton's running mate Paul Ryan denounces 'dangerous call' to allow Clinton to receive classified intelligence briefings Clinton: Trump poses a threat to US democracy What's the PACER Book on Hillary Clinton?
(DBN)

Americans Don't Want Trump or Clinton
(DBN)

Once 'America's Mayor,' Giuliani emerges as divisive figure
(DBN)

Clinton, Warren a liberal odd couple
(DBN)

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Steel:

Essar ignores mineral-lease termination by Minnesota, says it's protected by bankruptcy
(DBN)

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Retailing:

Sports Authority cuts deal with lenders to avert abrupt shutdown
(DBN)

“Your name here”: Last call to name Sports Authority Field at Mile High
(DBN)

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Alternative Energy:

SunEdison retirement plan takes hit on company stock investments
(DBN)

Vivint Solar's $1 Billion Lawsuit Adds to SunEdison Bankruptcy Uncertainty
(DBN)

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Healthcare:

Circuits Now Split on Bankruptcy Jurisdiction over Medicare Disputes
(DBN)

Obamacare company shutdown leaves customers in a lurch, facing higher costs
(DBN)

Tuomey Hospital sues Nexsen Pruet law firm for $117 million alleging legal malpractice
(DBN)

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Celebs:

Teresa Giudice Heads Back To Court — Could She Face Jail Time Again?
(DBN)

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Construction:

Employee-Owned Contractor C.C. Myers Files for Bankruptcy
(DBN)

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Shipping:

Hanjin Shipping mulls extending deadline for debt relief
(DBN)

____________


Economy:

Job Openings Decreased Slightly in May
(DBN)

Dear Hillary or Donald, You Win a Major Debt Problem
(DBN)

'Dragons' are lurking in the economy that will crash the market
(DBN)

Death of Middle Class Worse Than Thought
(DBN)

More Americans Have Rainy Day Funds, But Savings Remain Skimpy
(DBN)

Where the Old Will Soon Outnumber the Young
(DBN)

What Time Got Wrong on America's Debt
(DBN)

US Debt Clock
(DBN

World Debt Clock
(DBN)

Economic Indicators Dashboard
(DBN)

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Real Estate:

Condominium Assessments: Dischargeable or Not?
(DBN)

Millennials Need a New Housing Bubble
(DBN)

Quicken Loans: Homeowners too optimistic about home values
(DBN)

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Municipalities:

Puerto Rico's Debt Crisis Just Got Even Worse
(DBN)

Puerto Rico Highways Cut to D by S&P
(DBN)

Puerto Rico's Governor Padilla, A Master Propagandist, Gets His Wish - Defaulting On Constitutional Debt With Impeccable Timing
(DBN)

Puerto Rico governor says it may take two years to return to municipal bond market
(DBN)

Analysts Call for Clarity on Municipal Restructurings
(DBN)

____________

Oil/Gas:

U.S. Production Is Falling, Why Isn’t Oil Recovering Faster? EIA Reports 2.5M Barrel Draw To U.S. Crude Oil Inventories
(DBN)

Glut of fuels offsets falling U.S. crude inventory OPEC helps Middle East oil production set record as U.S. lags
(DBN)

Report: Cost cuts have helped Texas shale drillers find profits
(DBN)

The Oil Market Cannot Live by Shale Alone
(DBN)

Oil Patch Buying Time With Stock Sales as Bust Enters Third Year
(DBN)

Defaults among U.S. drillers hit record
(DBN)

Projects could now be viable at $60 oil, says Wood Mac
(DBN)

Oil seen by Kuwait trading as high as $60 until at least 2018
(DBN)

OPEC Production Reaches New All-Time High
(DBN)

China’s Refiners Flooding Markets With Products
(DBN)

Venoco Wins Court Approval of Bankruptcy Plan
(DBN)

Lightstream Resources Plans New Debt Swap to Stay in Business Mudrick Among Creditors Fighting Lightstream’s Debt Swap Deal
(DBN)

Seventy Seven Energy set to leave bankruptcy as judge approves reorg plan
(DBN)

Samson Gets Nod For Air Quality Deal With Ute Tribe
(DBN)

Atlas Resource Partners Takes A Step Towards Chapter 11
(DBN)

This part of the energy industry may be creating next 'day of reckoning' for oil
(DBN)

Farmers and Ranchers Feel the Side Effects of Low Oil Prices Too…
(DBN)

The Value of an Energy Asset Is Deteriorating Underneath Europe
(DBN)

Depleted Crews, Idled Rigs Lie In Shale Oil's Path To Revival
(DBN)

Oil Traders Scraping Bottom of the Barrel
(DBN)

____________

Coal:

Alpha Natural Resources, WV DEP finalize mine reclamation deal
(DBN)

Alpha Coal Company Strikes Deals Before Bankruptcy
(DBN)

Feds: Wyoming in violation with Alpha coal bonding deal
(DBN)

Union, new owner of Greene County coal mines reach tentative labor pact in bankrupcy
(DBN)

Report Counts Coal Industry Job Losses in Western States
(DBN)

CSX Results Hurt by Sagging Demand for Coal
(DBN)

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Media:

Nick Denton may soon join Gawker in bankruptcy
(DBN)

____________

Bankruptcy Crimes:

Former Tafton Man pleaded guilty to false oaths in bankruptcy proceedings
(DBN)

____________

Horticulture:

Zelenka Farms files for bankruptcy , closes Grand Haven operations
(DBN)

____________

Food/Beverage:

Long John Silver's franchisee files for chapter 11 bankruptcy
(DBN)

____________

Hotels:

Resort hotel nabs offer to be sold out of bankruptcy
(DBN)

____________

Hollywood:

Netflix Says Jones Day Stuffed Extra Arguments Into Appendix
(DBN)

____________

Fraud:

The judge in the Trump University case may release video testimony that Donald Trump gave under oath Media Say Trump Won't Suffer If Video Depositions Are Unsealed
(DBN)

____________

Trucking:

Trucking Company Failures on the Rise
(DBN)

____________

Personal Finance:

Americans fail basic financial literacy test
(DBN)

____________

Banking:

China Likely Hacked US Banking Regulators
(DBN)

____________

 


New Bankruptcy Opinions
(8 new opinions today - DBN)

Bankruptcy Court Web/Pacer Site Directory

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

Recent Ch. 11 Filings (13 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (8 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)

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Property of the Estate:

Know When to Fold ‘Em – Texas Bankruptcy Court Enjoins Losing Bidder’s “Sour Grapes” Attempt to Bring Derivative Claims Under the Guise of Direct Claims
(DBN)

____________

TBTF:

Lew Urged by Senator Hatch to Release Emergency Debt Plan
(DBN)

____________

Conversion:

First Circuit Affirms Conversion of Reorganization Case to Liquidation
(DBN)

____________

Free and Clear Sales:

U.S. appeals court revives some claims over GM ignition switch Appeals Court opens door to more GM ignition switch lawsuits Court ruling opens GM to billions in death, injury claims GM Ignition Switch Claims Resurrected By 2nd Circ. Court Rules Tort Claims Can Proceed in GM Ignition Switch Case GM Can’t Avoid Up to $10 Billion in Switch Suits, Court Says Appeals Court Says GM Must Face Ignition Suits Over Used Cars Appeals Court Deals Blow to GM on Ignition-Switch Suits GM’s Plan to Avoid Ignition Switch Suits Dashed on Appeal 'New' GM Must Defend Ignition-Switch Claims Appeals Court Says GM Must Face Ignition Suits Over Used Cars
(DBN)

The Opinion
(DBN)

Hagens Berman: Plaintiffs in GM Ignition Switch Lawsuit See Major Victory as Appeals Court Reverses GM Bankruptcy Protection
(DBN)

____________

Proofs of Claim:

Stale Claim in Bankruptcy Doesn't Violate Debt Collection Law
(DBN)

8th Cir. Holds Time-Barred Proof of Claim Does Not Violate FDCPA, Disagreeing with 11th Cir.
(DBN)

Eighth Circuit Rejects Crawford Decision on Stale Claims
(DBN)

____________

Intercreditor:

First Lien Noteholders Cannot Recover Previously Disallowed Make-Whole from Junior Noteholders Under Intercreditor Agreement
(DBN)

____________

Arbitration:

Eleventh Circuit Requires Punctilious Proof to Enforce Arbitration Agreement
(DBN)

____________

Jurisdiction:

9th Cir. Grants En Banc Review Of Controversial Bankruptcy Jurisdiction Case The Original Opinion
(DBN)

____________

Plan Confirmation:

Court Finds that Absolute Priority Rule Applies in Individual Chapter 11 Cases
(DBN)

____________

Judicial Estoppel:

Bankruptcy Omissions Block Discrimination Suit At DC Circ.
(DBN)

Honeywell Worker's Oral Bankruptcy Disclosure Can't Save Bias Case
(DBN)

____________

Sanctions:

Sanctions: It Can Always Be Worse
(DBN)

____________

Autos:

Some issues settled in GM/supplier bankruptcy case
(DBN)

GM, supplier agree to move component production
(DBN)

GM Handed ‘Supplier of the Year’ Award to Key Parts Maker After it Defaulted and Asked for Cash
(DBN)

California Rejects VW's Diesel Fix
(DBN)

____________

UK:

A Tale of Two Brexits at Four of London’s Biggest Law Firms
(DBN)

Credit Suisse: Britain's impending recession will kill nearly 500,000 jobs
(DBN)

Here are all the people who will decide how Britain exits from the European Union
(DBN)

Poor online presence causes over 90 per cent of UK lawyers to miss out on business
(DBN)

HSBC: The pound is going to crash whatever the Bank of England does today
(DBN)

BoE surprises by holding interest rates at 0.5%, hints at easing in August
(DBN)

____________

PIIGS:

H.I.G. Invests in Distressed Italian Debt by Working With Banks
(DBN)

The whimsical fable of Greece’s financial insolvency that you’ve been waiting for
(DBN)

A year after bailout, Greece struggles for brighter future
(DBN)

'Italy is on the brink of a full-blown banking crisis'
(DBN)

____________

Canada:

Bank of Canada cuts growth forecast during a ‘climate of heightened uncertainty’
(DBN)

Nexen Energy laying off hundreds of workers
(DBN)

Bulk Sales in Ontario: Good and Bad News
(DBN)

____________

China:

Goldman Sachs note cites report that China's corporate debt is reaching the 'Ponzi stage'
(DBN)

____________

Brazil:

Oi Opposition Creditor Group Grows in Fight Over Bankruptcy Plan
(DBN)

____________

Russia:

IMF Says Russian Banks Concealing Bad Debt May Need More Capital
(DBN)

____________

Australia:

Revealed: What caused Dick Smith's collapse Dick Smith Group's autopsy – bad strategy, not foul play
(DBN)

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