July 15, 2016

The Daily Bankruptcy News

View prior editions: Click Here
View prior case summaries: Click Here
Search prior headlines: Click Here
Search prior case summaries: Click Here

3-Column Formating

 

Law:

Biglaw Firm Could Owe Associate Up To $1 Million After Refusing To Pay ‘Lucrative’ Bonus
(DBN)

Why You Should Go On Vacation
(DBN)

Baker & McKenzie Welcomes New York Bankruptcy Duo
(DBN)

NV: Black & LoBello Bolsters Bankruptcy Practice
(DBN)

The In-House Career Stepping Stool
(DBN)

The GC Who Took Home $25 Million and 29 Other Highly Paid GCs
(DBN)

Artificial intelligence in the legal profession should be regulated, op-ed argues
(DBN)

Working Remotely: The Balance of Productivity and Play
(DBN)

Mummy Dearest: The Careerist Observes the Mommy War in the UK
(DBN)

Chairs of Morgan Lewis and DLA Piper Interview Each Other
(DBN)

Microsoft doesn’t have to give prosecutors emails stored on servers in Ireland, 2nd Circuit says
(DBN)

Today’s Tech: Law School And Legal Job Prospects In 2016
(DBN)

Elderly homeowner shoots lawyer in alleged home invasion
(DBN)

Congrats, You Got Into Yale Law School! Oh Wait….
(DBN)

The Dumbest Reason To Go To Law School
(DBN)

Law Grads Are 'Terrified' Of Failing The Bar Exam
(DBN)

Law Schools Should Teach Students How To Write Email
(DBN)

Business casual goes trendy at some elite law firms
(DBN)

The Best Summer Associate Programs — Both For Fun Times And For Training
(DBN)

Butler Snow goes big for new chief operating officer
(DBN)

‘Analytics for Dumm ...’ eh, lawyers
(DBN)

Linklaters partner guilty of assault and another indicted for r---
(DBN)

Lawyers told to charge clients while they're on the throne Multitasking: It’s OK to bill clients while you’re on the toilet, firm says
(DBN)

Bonkers Law Firm Website: Nice clothes, shame about the slogans
(DBN)

Fee fight blights $1.3 billion case
(DBN)

3 Major Invoice Billing Errors, and How Law Firms Can Cut Costs
(DBN)

Neo-Nazi gets 11 years for murder of Freshfields junior lawyer
(DBN)

Chicago: Millionaire bankruptcy lawyer's wife battered dog walker in River North elevator, jury finds
(DBN)

Sen. Tim Scott (R) Describes Experiences as Black American Even Affluent Blacks Feel Racial Profiling
(DBN)

______________

Judges:

'My recent remarks ... were ill-advised' Justice Ginsburg's 'Ill-Advised' Comments on Donald Trump Ruth Bader Ginsburg and the fetishization of “objectivity” Ruth Bader Ginsburg Issues Apology After Donald Trump Makes Nonsensical Remarks About Her On Twitter
(DBN)

Feds Must Search for Records on Judge Spying
(DBN)

______________

Wall Street:

U.S. stock futures slip as traders reflect on France terror attack
(DBN)

Stocks close higher
(DBN)

______________

Layoffs:

National and State by State Unemployment Rates
(DBN)

Animated Map of Unemployment
(DBN)

______________

Healthcare:

Land Of Lincoln Health To Liquidate--Not An Obamacare Problem But A Co Op One
(DBN)

US health care spending has hit a new high — $10,345 per person
(DBN)

____________

Celebs:

Indiana Pacers point guard who has made $35 million explains why he's living in his parents' basement for a year
(DBN)

____________

Metals:

Easing railroad slump may allow for Columbus Castings reopening
(DBN)

____________

Gambling:

CEOC Noteholders Fight Bid to Wipe Out $1.85B In Claims
(DBN)

Taj ultimatum: Take deal by Monday
(DBN)

____________

Distressed Investing:

Junk bond issuance slows amid rising defaults
(DBN)

____________

Electricity:

Berkshire Hathaway Said to Be Among Leading Bidders for Oncor
(DBN)

Fidelity preparing bid for Energy Future's Oncor with creditors -sources
(DBN)

____________

Alternative Energy:

SunEdison Adviser Says Assets Now Worth Up to $1.5 Billion
(DBN)

____________

Debt Collection:

In Bill, Lawmakers Propose New Limits for Seizing Workers’ Pay Over Old Debts For First Time in 50 Years, Federal Bill Seeks Limits on Debt Collection Seizures
(DBN)

FDCPA Case Law Review for June 2016
(DBN)

Asset Recovery 2016: Roundtable
(DBN)

____________

Food/Beverage:

Cowboys Dancehall owes creditors more than $9 million in bankruptcy
(DBN)

____________

Steel:

Here's how protectionism failed the American steel industry
(DBN)

Essar Steel Minnesota names Matthew Stark its new CEO
(DBN)

KPS Capital Partners walks away from bid for Essar Steel Algoma
(DBN)

____________

Economy:

Weekly Initial Unemployment Claims unchanged at 254,000 Lowest Level Since Mid-April
(DBN)

US Manufacturing is Alive and Well
(DBN)

Unemployment Rate by Level of Education
(DBN)

Food Stamp Rolls Decline on Work Rules
(DBN)

Fed's Beige Book: "Economic activity continued to expand at a modest pace" in most Districts
(DBN)

WSJ Survey: Half of Economists See No Fed Rate Increase Until December
(DBN)

Fed’s Lockhart says decisions on interest rates should wait until post-Brexit outlook is clearer
(DBN)

How a Surprise Upturn in U.S. Growth Could Trigger the Next Recession
(DBN)

Just Two Out of Five Americans Spent Less Than Their Incomes in 2015
(DBN)

How Income Inequality Is Fueling the Rise of Unmarried Parents
(DBN)

US Producer Prices Climb 0.5%
(DBN)

Poor at 20, Poor for Life
(DBN)

Could You Live on Just $32,000 a Year?
(DBN)

The world isn't 'drowning in debt,' even though there's more of it than ever before
(DBN)

Obama plan to stop tax inversions stirs U.S. business concerns
(DBN)

Class 8 Truck Demand Beats Supply Again
(DBN)

US Debt Clock
(DBN

World Debt Clock
(DBN)

Economic Indicators Dashboard
(DBN)

______________

Real Estate:

Mortgage rates remain low and look to stay that way for a while
(DBN)

Sacramento Housing in June: Sales up 1.8%, Active Inventory down 12% YoY
(DBN)

More renters sour on homeownership, some blame student debt
(DBN)

Here are the winners and losers as the foreclosure crisis slogs into extra innings
(DBN)

More malls turning to unconventional tenants to fill vacancies
(DBN)

6 Charts: The State of American Real Estate
(DBN)

____________

Municipalities:

Restructuring Puerto Rican Debt Allows Path To Stability
(DBN)

Puerto Rico Hires Public Financial Management as Adviser
(DBN)

Junk City Snapshot: Chicago Taxes Rise, But So Does Pension Debt
(DBN)

Chris Papst and the Crimes of The Harrisburg Bankruptcy
(DBN)

____________

Oil/Gas:

Oil prices fall as investors cash in on gains at week’s end
(DBN)

S&P: Thanks to Oil/Gas, Ratings “Weakest Links” Hit Highest Point Ever
(DBN)

100,000 oil jobs could be coming back
(DBN)

Does This Estimate Suggest We Are Heading For $30 Oil?
(DBN)

Texas upstream and oil field services bankruptcies include 45 cases through Q2
(DBN)

Hercules Fights Bid For Privileged Docs In Ch. 11 Probe
(DBN)

Natural Gas Falls as Stockpiles Rise
(DBN)

No rush back to big oil projects
(DBN)

Distressed funds set for big stakes in Gulf Keystone after debt swap
(DBN)

OPEC's cheap oil strategy
(DBN)

BP Has Paid Out $62 Billion on Gulf Oil Spill
(DBN)

Venezuela’s Oil Production Plunges To 13-Year Low
(DBN)

The Glut Is Far From Over As Offshore Oil Storage Continues To Swell
(DBN)

____________

Politics:

Clinton Collapses Hillary Clinton’s Lead Has Shrunk, but She Still Has an Edge Hillary Clinton releases brutal new ad slamming Donald Trump: 'Our children are watching'
(DBN)

How Many Trump Companies Have Gone Bankrupt? Donald Trump releases speakers list for GOP convention — and one person is noticeably missing Trump and the City Published reports say Trump to tap Pence as running mate How ‘thin-skinned’ Donald Trump uses insults, threats and lawsuits to quiet critics Is Donald Trump the USFL's fall guy? Trump’s Advantage on Economy Could Face Test on Housing Trump to delay VP announcement after France attacks On Trade, Trump Takes Republicans Back to Their Roots
(DBN)

Poll: Americans are sick and tired of hearing about the presidential election
(DBN)

John Oliver & Elizabeth Warren Join Stephen Colbert To Cover Donald Trump, Hillary Coronations At Conventions
(DBN)

Big Banks Totally Forgot That They Had Other Plans During This Year’s GOP Convention
(DBN)

GOP Working to Stop Convention Rebellion Lots of GOP Senators Skipping Convention
(DBN)

'Welfare Leeches' Are 2016's Version Of '47 Percent Takers.' What Are The National Implications?
(DBN)

____________

Personal Finance:

Three big mistakes Americans keep making with their money
(DBN)

____________

Autos:

GM MDL Should Continue After 2nd Circ. Ruling, Drivers Say
(DBN)

____________

Currency:

Bitcoin CEO released on bail in embezzlement case
(DBN)

____________

Shipping:

Hyundai Group loses control over Hyundai Merchant Marine
(DBN)

____________

Lehman:

Could Fed have saved Lehman Brothers?
(DBN)

____________

Student Debt:

The Perils of Cosigning that Student Loan
(DBN)

Bearing the Burden of Student Loans
(DBN)

Survey: Refinancing Rates are Low Among Student Loan Borrowers
(DBN)

____________

Defaults:

Global defaults hit century mark - S&P S&P: 2016 Global Corporate Default Tally Climbs to 100, vs 62 in 2015
(DBN)

____________

Coal:

The Future Of U.S. Coal Power Hangs In The Balance
(DBN)

____________

New Bankruptcy Opinions
(3 new opinions today - DBN)

Bankruptcy Court Web/Pacer Site Directory

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

Recent Ch. 11 Filings (16 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)

______________

Judicial Estoppel:

11th Circuit Addresses Judicial Estoppel, Unscheduled Litigation
(DBN)

Standards Governing Judicial Estoppel Appeals Are Debated in the D.C. Circuit
(DBN)

____________

Discharge:

Supreme Court Construes “Actual Fraud” Broadly, Resolving Circuit Split
(DBN)

____________

Disqualification:

Aletheia Trustee Urges Gibson DQ From O'Melveny Row
(DBN)

____________

Standing:

Creditors Lose Standing to Pursue Debtor's Shareholders, Directors
(DBN)

____________

Free and Clear Sales:

The Second Circuit’s General Motors Decision Defines Limits To “Free And Clear” Sales
(DBN)

GM Faces Potential Mountain Of New Claims In Ignition MDL
(DBN)

Second Circuit Drubs New GM on Successor Liability for Ignition Switch Defects
(DBN)

Thoughts on the GM Ignition Switch Opinion
(DBN)

____________

Jurisdiction:

9th Circ. To Rehear Appeal Over Power Of Bankruptcy Panels
(DBN)

____________

Personal Bankruptcy:

Debtors’ Lien-Stripping Attempt Likely Would Have Succeeded in New Hampshire
(DBN)

____________

Safe Harbors:

Delaware’s Judge Gross Differs with Second Circuit on the Safe Harbor
(DBN)

____________

Mediation:

The Absolute Priority Rule Torpedoes Mediation in Individual Chapter 11 Cases (Part Two)
(DBN)

____________

Education:

Elizabeth Warren and Senate Democrats press regulators to prevent another Trump U
(DBN)

Former student files class action case over Corinthian debt
(DBN)

After Backtracking, Dowling College Closes for Good
(DBN)

____________

Sovereigns:

A Hedge Fund’s Peru Bond Fight Now Playing at a Theater Near You
(DBN)

____________

UK:

A review of the Corporate Insolvency Regime
(DBN)

Trustees in Bankruptcy should beware the pitfalls of ignoring legal professional privilege
(DBN)

Why Mark Carney didn't blink even though he knows a recession is on the way
(DBN)

The minister in charge of Brexit says Britain 'will quit' the EU in December 2018 Theresa May Signals Desire for Swift Brexit With Cabinet Appointments
(DBN)

U.K. Prime Minister Assembles Brexit Cabinet
(DBN)

Why the Politics of Brexit Are Toxic for Investors
(DBN)

Baffled Credit Traders Call Their Lawyers as Brexit Clouds Swaps
(DBN)

____________

EU:

European equity funds see record withdrawals
(DBN)

____________

PIIGS:

Post-Brexit sentiment faces test with Italian junk bond sale
(DBN)

Why Some Bad Loans are Worse Than Others
(DBN)

Could Italy Bring Down The Euro? Italy’s Banking Problem Is Serious but Not Intractable
(DBN)

Exploiting the fine print of EU rules to save Italy’s banks
(DBN)

____________

Canada:

Landlords scramble to fill near-empty skyscrapers dotting Calgary skyline: ‘We’re not overbuilt, we’re under-demolished’
(DBN)

The Redwater Decision: The Alberta Energy Regulator - Trumped by Federal Bankruptcy Law
(DBN)

____________

China:

China’s economy likely lost more momentum amid mounting debt
(DBN)

Kaisa Group to Complete Offshore Debt Workout as Bonds Rebound
(DBN)

China’s Credit Expansion Revs Up Again as Debt Warnings Fade
(DBN)

____________

France:

Truck plows into crowd, killing at least 84 in Nice, France At Least 77 Confirmed Dead After Bastille Day Attack in Nice, France France extends state of emergency; Hollande says 'undeniably' a terror attack Truck Driver Was Known to Police
(DBN)

____________

Turkey:

Bankruptcy Protection Provides An Easy Way Out in Turkey
(DBN)

____________

Australia:

Australians declaring personal insolvencies jumps 13.7%
(DBN)

Australian Corporations Act not beholden to Chapter 11
(DBN)

____________

Brazil:

Oi CEO Aims to Triple Customers in Key Category Amid Bankruptcy
(DBN)

____________

 


The Daily Bankruptcy News is primarily a curated news link gathering service.   Most of the headlines contained in the publication are a collection of links to stories posted on the Internet by various third party publications.  Such content is owned by third party sources, not The Daily Bankruptcy News, and in some cases, these links change or expire, which means you may not be able to view some news stories in prior editions of the Daily Bankruptcy News. The DBN subscription fee is not a fee for access to the content of the links, but is a charge for the considerable work involved in gathering, organizing and presenting the links. Use of this site and The Daily Bankruptcy News is subject to our Terms of Use. If you received The Daily Bankruptcy News via email (and you have a paid subscription account), to view a news story, click on the headline, and the story should open in your web browser. To view additional stories, click back to the email and click on additional headlines, which will cause new stories to open in your web browser.  You can view the Daily Bankruptcy News on the web by clicking here.

Advertising
Advertising is available in The Daily Bankruptcy News. Click here for details  Feel free to contact us with any questions.

Passwords/Subscriptions
Access to certain links in The Daily Bankruptcy News is available only to readers holding a paid service subscription. These links are currently marked with a "DBN" notation. The cost of a subscription is $62/year, payable annually.  Volume discounts are available for sites with multiple users. Click here to see a schedule of discounts. Complimentary subscriptions are available for full-time educational and governmental employees and for full time students. For information about discounts or educational/governmental subscriptions, contact us by clicking here. A separate password is required for each member of a firm wishing access to restricted links.

New readers can receive a free password good for 30 days by clicking here. 30-day passwords are not available to readers who have previously had a password, even if the password was associated with a different email address used by the reader. Refunds are not available after purchase.

Readers who wish to change their passwords should click here. Readers who have forgotten their password should click here.

Adding Your Email Address To The Distribution List
If you would like to start receiving The Daily Bankruptcy News by email each day, click here, and fill in the information requested. There is no charge to be placed on the distribution list to receive the headlines, although access to many of the links behind the headlines requires a paid subscription (see above, under Passwords). If, after adding your email address to the distribution list, you do not receive an email confirming the addition, please contact us by clicking here for help.

Removing Your Email Address From The Distribution List
If you already receive The Daily Bankruptcy News by email and you wish to remove your email address from the distribution list, click here and send the email that should appear. You do not need to type anything in the body of the email message. Note that the email asking for removal must be sent from the same email address which is on our distribution list. If you do not receive an email confirming deletion of your email address from the distribution list, contact us by clicking here for help.

If receive the publication forwarded from an older email address, you will need to contact us as described below for help removing that older address from our distribution list.

Press Releases/News Tips
Please send press releases and news tips to admin@bkinformation.com

Contact Us
The Daily Bankruptcy News is published each business day by BKINFORMATION.COM, L.L.C. You can reach us at 281-402-3957 or at accounting@bkinformation.com (email inquiries are usually answered substantially more quickly than phone inquiries). Our mailing address is 935 Eldridge Road, No. 350, Sugar Land, Texas 77478.

Copyright 2016