July 7, 2016

The Daily Bankruptcy News

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Law:

Which Law Firms Are The Most Obsessed With Associate Raises?
(DBN)

Firm Mergers on Stride With Last Year’s Record
(DBN)

Quinn Emanuel Wants to Steal Your Summer Associates
(DBN)

Laterals, Beware the Capital Loan Honey Trap
(DBN)

Judge fines DLA Piper partner $10K after concluding he violated her order and lied about it Judge Sanctions DLA Piper Partner, Former Firm Associate
(DBN)

Biglaw Firm Offering Signing Bonus For 3Ls!
(DBN)

Veteran Law Firm Bankruptcy Advisor Dies at 85 Arthur S. Olick, Distinguished Bankruptcy Attorney and Longtime Chair of Anderson Kill P.C.'s Bankruptcy Group, Dies at 85
(DBN)

Cadwalader shrinks after management changes Cadwalader Said to Explore Possible Merger
(DBN)

The ‘Quiet Crisis’ In Legal Revisited — Non-Attorney Ownership
(DBN)

Overqualified? What’s Your Expiration Date?
(DBN)

Firm handshake: Two business-friendly Dallas law teams merge
(DBN)

What To Do About A Deadbeat Client Who Won’t Pay Your Fee?
(DBN)

Attorney Offers Himself Up As Trained Monkey To Anybody With A Plan
(DBN)

26 time-management tricks I wish I'd known at 20
(DBN)

A former Fox News anchor is suing CEO Roger Ailes for pervasive harassment Fox Host Claims Harassment At Fox To The Surprise Of Probably No One What Gretchen Carlson Wrote a Year Ago The Attorneys Representing Former Fox News Anchor Gretchen Carlson
(DBN)

Most Americans Believe in Gun Regulations
(DBN)

Business School Student: "Networking" With Sugar Dads
(DBN)

Oscar Pistorius’s 6 Year Murder Sentence Shocks South Africa
(DBN)

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Judges:

Administrative judge’s notes reportedly described claimants as ‘gorilla-like’ and ‘buxom’
(DBN)

BK CD CA: Court Newsletter
(DBN)

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Wall Street:

Stocks Rise on Oil and U.S. Rebound U.S. stock futures waver as focus turns from Brexit to jobs report
(DBN)

Stocks close higher, led by 1% rise in health care
(DBN)

Goldman: Get ready for another stock market dive
(DBN)

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Layoffs:

Lockheed Martin to lay off nearly 110 at Randolph AFB
(DBN)

Faneuil Inc.'s Orlando call center to layoff hundreds
(DBN)

National and State by State Unemployment Rates
(DBN)

Animated Map of Unemployment
(DBN)

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Coal:

Here’s How Arch Coal and Alpha Natural Resources are Nearing Bankruptcy Exit Arch Coal digs itself out of bankruptcy Arch Coal escapes bankruptcy litigation with timely loan
(DBN)

No pay raises for Arch bosses
(DBN)

Massive Coal Company Takes Strides In Avoiding Bondholder Revolts
(DBN)

Rio Tinto to sell Australian coal mine to small mining firm for a single dollar
(DBN)

Murray Energy working to avoid bankruptcy
(DBN)

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Student Debt:

Who got rich off the student debt crisis
(DBN)

Clinton to propose 3-month hiatus for repayment of student loans
(DBN)

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Alternative Energy:

First Solar’s Jim Hughes Touts a ‘Bulletproof Balance Sheet,’ Warns of an Industry ‘Train Wreck’
(DBN)

D.E. Shaw Strikes Deal for SunEdison’s Stake in California Solar Project
(DBN)

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Torts:

Abuse by doctors: Echoes of the Catholic Church scandal?
(DBN)

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Healthcare:

The average hospital stay now costs more than average rent — and that’s after insurance
(DBN)

SynCardia files for Ch. 11 bankruptcy , has buyer
(DBN)

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Biotech:

Pfizer makes ‘stalking horse’ bankruptcy bid for Bind Therapeutics
(DBN)

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Auto Racing:

Here’s what’s next for the Boston Grand Prix’s unique bankruptcy case
(DBN)

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Asset Protection:

Onshore Asset Protection With The Selfie Trust
(DBN)

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Fraud:

Wall Street Scion Andrew Caspersen Pleads Guilty to Fraud A Wall Street golden boy blames gambling addiction for $100 million fraud
(DBN)

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Autos:

VW Dodges Cheating Fines in Germany as Customers Demand Payouts
(DBN)

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Electricity:

Oncor Sale: High Valuations And Access To Low-Cost Capital Fuel Utility Sector M&A
(DBN)

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Lehman:

A Flip on the Flip Clause: Lehman Court Changes Course on Flip Provisions and Financial Safe Harbors
(DBN)

Ex-Lehman trader loses bid for $83 million 'windfall' bonus : judge
(DBN)

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Education:

The Top 200 Show-Me-The-Money Schools
(DBN)

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Credit Counseling:

CFPB Seeks $146 Million From Debt-Settlement Firm
(DBN)

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Economy:

ISM Non-Manufacturing Index increased to 56.5% in June The most important sector of the economy was stronger than expected in June
(DBN)

FOMC Minutes: Concerns about slowing Labor Market, Brexit The weak jobs report in May raised serious red flags for the Fed FOMC Minutes: Fed Officials Divided on Rate Path Amid Uncertain Economic Outlook Fed wants clarity on Brexit's impact before hiking rates -minutes A more vocal group of Fed officials is pushing the next rate hike further off, minutes showed Fed’s Tarullo Wants More Evidence of Inflation Before Raising Interest Rates Fed's Urgency to Hike Fades Away as Jobs and Brexit Dim Outlook The Fed could tighten in September, but it will be a tall order, experts say
(DBN)

'We're stuck with low interest rates for a long time': Gartman
(DBN)

Why the U.S. Needs a Strong Jobs Report
(DBN)

Trade Deficit at $41.1 Billion in May
(DBN)

Why Some Economists See Faster Wage Growth Around the Corner
(DBN)

Are Treasurys Headed for 1%? New Lows in a 35-Year Downtrend
(DBN)

The divide between the 'haves' and the 'have-nots' is bigger than ever
(DBN)

Bill Gross: The economy is 'a Monopoly board,' and everybody is losing The Market’s Game of ‘Monopoly’ Is Coming to an End
(DBN)

The Myth of the Millennial Entrepreneur
(DBN)

Forget energy, financials are pegged as next ‘fallen angels’ in debt markets
(DBN)

Class 8 Big Rig Orders Fall to Six Year Low
(DBN)

Here are 2 ways property funds could start the next financial crisis
(DBN)

US Debt Clock
(DBN

World Debt Clock
(DBN)

Economic Indicators Dashboard
(DBN)

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Real Estate:

Fla. Developer Can't Escape Debt Judgment, 11th Circ. Says
(DBN)

Reis: Apartment Vacancy Rate unchanged in Q2 at 4.5%
(DBN)

Foreign Interest in U.S. Homes Cools
(DBN)

US Homes Grow in Size, but Yards Shrink
(DBN)

Millions of Spenders Are Ready to Come Back From the Mortgage Crisis
(DBN)

San Francisco's housing bust is becoming 'legendary'
(DBN)

NYC retail bubble might be about to pop
(DBN)

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Municipalities:

Fitch Cuts Puerto Rico Bond Rating To 'D' Following Default
(DBN)

Puerto Rico , in Default, Awaits Its Control Board
(DBN)

The hidden boogeyman in Puerto Rico's debt crisis: its power utility
(DBN)

A Broken PROMESA on Puerto Rico's Economic Recovery
(DBN)

Puerto Rico Default Shows Value Of Insured Debt
(DBN)

Fitch downgrades Puerto Rico's bond rating
(DBN)

How Puerto Rico Default Will Play Out In The Broader Muni Market
(DBN)

Bond Financing Liens: Who’s on First?
(DBN)

Fitch Places U.S. Virgin Islands and Guam's Ratings on Rating Watch Negative
(DBN)

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Oil/Gas:

US oil ends 1.8 pct higher, but traders remain cautious over gasoline glut Oil Dragged Lower By Crashing Gasoline Futures
(DBN)

Drillers write down $200 billion in assets
(DBN)

Oil Drillers On Thin Ice As Banks Tighten Credit
(DBN)

Lost Generation of Oil Workers Leaves Few Options for Next Boom
(DBN)

Rotary Drilling Tools Files Bankruptcy In SD TX
(DBN)

How Has The U.S. Defeated Saudi Arabia In Its Oil Price War?
(DBN)

Signs of Pickup in Oil -Industry Spending
(DBN)

Delta, other airlines lose a big bet on fuel prices
(DBN)

Brexit Aftermath May Stem Oil Recovery, Banks Say
(DBN)

Seadrill Could Survive Until Q1 2018, But Almost Certainly Will Face Bankruptcy
(DBN)

Revving Up Oil Fields Won’t Be So Easily Done
(DBN)

Methane rules to hit “small, independent oil men, ” Railroad Commissioner warns
(DBN)

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Politics:

Comey to face congressional grilling FBI’s Hillary Clinton Decision Draws Comparisons to Past Prosecutions For Hillary Clinton, Political Fight Over Emails Is Far From Over Comey and Lynch Invited to Testify Before Congress on Clinton Probe The Clinton Email Probe and the Question of Gross Negligence Why the FBI Didn’t Throw the Book at Hillary Clinton She brought this on herself: Clinton’s mishandling of the email scandal will — and should — hurt her Strange Gaps in Clinton's Email Traffic
(DBN)

Trump Defends Use of Bankruptcy Laws After Clinton Attacks Trump's 4 business bankruptcies in 2 minutes What value in Trump name? For his casinos, not enough Donald Trump is performing far worse in many Republican strongholds than Mitt Romney did in 2012 Donald Trump Still Finds Few Backers in Congress Donald Trump is making an unexpected financial comeback Is Donald Trump alienating big business? Donald Trump's plan for fighting terrorists: act like Saddam Hussein Donald Trump blasts 'liars' in the media for coverage of his Saddam Hussein praise Would It Be Legitimate to Deny Donald Trump the Nomination? Republican senator vetted to be Donald Trump’s VP pick just floated Ivanka as the best choice Remember when Trump said he 'might be dating' Ivanka if she weren't his daughter? Even his supporters were creeped out
(DBN)

Clinton Slams Trump on Atlantic City Casino Bankruptcies Read Hillary Clinton’s Speech on Donald Trump’s Atlantic City Business Record Hillary Clinton Casts Trump’s Atlantic City Record As ‘Shameful’ Why Hillary Clinton is visiting Atlantic City Hillary Clinton’s Atlantic City speech is her answer to Donald Trump’s populism Hillary Clinton blasts Donald Trump's business record outside his 'abandoned' Atlantic City casino Hillary Clinton is proposing an income limit for tuition-free college that’s well above the national average Hillary Clinton Calls Trump’s Business Record Disqualifying
(DBN)

Would Elizabeth Warren as vice president really be good for liberals?
(DBN)

Is SCOTUS Clueless About Corruption?
(DBN)

Worldwide: The Era of the Angry Voter Has Begun
(DBN)

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Food/Beverage:

Weil Advises Gores Holdings in Transaction with Hostess Brands Valued at $2.3 Billion
(DBN)

What Saved Hostess And Twinkies: Automation And Firing 95% Of The Union Workforce
(DBN)

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Celebs:

Judge Approves 50 Cent's Bankruptcy Reorganization 50 Cent to make $7.4m payment to begin bankruptcy plan 50 Cent Settles Bankruptcy Filing And Promptly Bragged About His Money 50 Cent's Birthday Present: No More Bankruptcy Court
(DBN)

Court orders Montana resort founder freed from jail
(DBN)

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New Bankruptcy Opinions
(5 new opinions today - DBN)

Bankruptcy Court Web/Pacer Site Directory

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

Recent Ch. 11 Filings (24 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (5 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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Bankruptcy Statistics:

Total Bankruptcy Filings Decline in First Half of 2016
(DBN)

Commercial Bankruptcy Filings Climb 29 Percent for the First Half of 2016, Total Filings Decrease 6 Percent June Filing Statistics By State and Jurisdiction (Excel) Commercial Filing Breakdown (Excel)
(DBN)

The Big Unravel: U.S. Commercial Bankruptcies Skyrocket
(DBN)

Annual U.S. Bankruptcy Filings on Track for 6.7% Decline
(DBN)

Business bankruptcy filings jump in North Texas
(DBN)

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Safe Harbors:

Lehman Bankruptcy Court Holds Provisions in Lehman CDOs Setting Payment Priority Are Enforceable and Protected by Safe Harbor
(DBN)

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Cross-Border:

U.S. Bankruptcy Court Shields Korean CD-ROM Manufacturer in Patent Fight
(DBN)

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Appeals:

Not So Fast: Sixth Circuit Dismisses Appeal of Bankruptcy Court Order Denying Approval of Proposed Settlement Agreement For Lack of Jurisdiction
(DBN)

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Bankruptcy Remoteness:

Use of 'Golden Share' to Block Voluntary Bankruptcy Violates Fed. Laws
(DBN)

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TBTF:

Democrats Want Resolution Plans of Systemically Important Derivatives Firms
(DBN)

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Jurisdiction:

Stern and the Challenges of Armchair Originalism
(DBN)

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Plan Confirmation:

Southern District of Georgia: Absolute Priority Rule Applies In Individual Chapter 11 Cases
(DBN)

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Distressed Investing:

In Rebound From Brutal Years, Distressed Debt Returns Soar In 2016's First Half
(DBN)

U.K. Property Fund Suspensions Send a Warning to the Junk Bond World
(DBN)

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Banking:

The Strange Story of a Murdered Banker in Puerto Rico
(DBN)

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UK:

A 4th firm has frozen trading in its UK property fund Paris plans to swipe London's finance jobs post-Brexit Deutsche Bank: There will be a 2nd referendum — just not the one you expect Goldman, Deutsche Bank Say Pound Plunge Is Just Getting Started U.K. Business Confidence Sinks as Brexit Vote Blights Economy Post-Brexit Uncertainty Increases Traders Pile Into Swaps Insuring U.K. Company Debt After Brexit Deutsche Bank: The pound is going lower — much lower Brexit Vote Adds to Eurotunnel Woes Jamie Dimon: JPMorgan could be forced to move thousands of staff out of the UK
(DBN)

Which court is which? Brexit could impact on enforcement options for creditors within, and outside, the EU
(DBN)

Law Firm Profits Slide Thanks To The ‘Brexit Effect’ Clifford Chance Partnership Profit Up 10% Despite Brexit Slack
(DBN)

Insolvency Update: Donnelly v The Royal Bank of Scotland plc
(DBN)

France Replaces Britain Among World's Five Largest Economies
(DBN)

English judgment concerning cross-border insolvency and creditors' rights
(DBN)

UK: Tata Steel Could be Nationalized
(DBN)

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EU:

Goldman: This could be the next victim in post-Brexit Europe
(DBN)

European bank shares slapped to all-time lows by Brexit, interest-rate anxieties
(DBN)

Brexit Trauma Stalks EU as Leaders Brace for More Shocks to Come
(DBN)

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PIIGS:

Italian Regulator Bans Shorting of Monte Paschi for 3 Months Monte Paschi Bonds Drop as Italy-Europe Talks Halt in Deadlock Shaky Italian banks suddenly in focus after British EU vote Ban on shorting bank stocks is another sign that Italy's financial system is hanging by a thread Europe Banks Close to Breaching Crisis Lows on Italy Woes: Chart
(DBN)

If Europe is to survive Brexit, it must fix its banks
(DBN)

Spain is still a long ways from stability
(DBN)

Populist Politicians Take On Italy's Massive Debt Pile Italy’s Banking Woes Spark Fears of Market Contagion
(DBN)

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Canada:

Quebec Town Ravaged by Train Fire Wants Rail to Bypass It
(DBN)

Twin Butte bondholders on short end start 'no sale' drive
(DBN)

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Venezuela:

These are the brutal emergency measures it would take to pull Venezuela back from total collapse right now
(DBN)

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Malaysia:

Malaysia’s New Insolvency Regime
(DBN)

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Germany:

Green Energy Could Cause The Largest Bankruptcy In History
(DBN)

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Brazil:

Gol's Debt Swap Offer Gets Tepid Response Gol sees low exchange take-up as bondholders bet on recovery
(DBN)

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India:

How Bankruptcy law will curb bank NPAs
(DBN)

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